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11x, a London-based AI startup that creates automated digital workers, has raised funding from US investing giant Benchmark Capital. The company aims to provide businesses with "digital AI workers" that can complete repetitive and mundane tasks to free up employees to focus on other things. The startup has raised a Series A round of funding, led by US fund Benchmark, four sources familiar with the discussions told Business Insider. Related stories11x's deal was led by Benchmark general partner Sarah Tavel, who will join the startup's board. The startup created a digital sales worker named Alice and plans to release several other digital workers in the future.
Persons: Hasan Sukkar, Sarah Tavel, Uber, Alice, Slack Organizations: Benchmark, Business, US, Bessemer Venture Partners, Twitter, Benchmark Capital, Google, Project A, Ventures, Tiny Ventures, LinkedIn Locations: London, Syrian, Europe, Syria
Only two European stocks have positively surprised markets every quarter for the past five quarters, according to analysis by CNBC Pro. CNBC Pro screened for stocks that report EPS figures and have analysts' estimates available on FactSet. Most recently, on Feb. 5, the company beat earnings estimates by 6.1% and shares rallied more than 8% in the following session. Four quarters ago, the stock rallied by 12.8% in a single session following earnings. Many banking stocks, such as France's Societe Generale , Spain's Banco de Sabadell , Germany's Commerzbank and Sweden's Swedbank , beat earnings-per-share estimates over the past five quarters.
Persons: UniCredit, Germany's, Sweden's Organizations: CNBC Pro, Portugal's Banco Comercial Portugues, Generale, Spain's, Sabadell, Deutsche Bank, CNBC Locations: Europe, Milan
Cardboard stands with the AfD logo lie on the chairs in the Wiesenhalle before the start of the AfD Brandenburg state party conference. Traditionally, young voters are seen as more left-leaning, but the voting data suggests some divergences, with experts pointing to social media and what they describe as online echo chambers. A study published earlier this month showed that over half of those aged 14-29 in Germany use social media to stay updated about news and politics. But Berendsen told CNBC that it is one of the social media platforms where the tunnel-effect can be an issue. An AfD spokesperson confirmed to CNBC that its videos and texts posted on social media are tailored to young people.
Persons: Monika Skolimowska, Infratest Dimap, Eva Berendsen, Anne Frank, Baerbock, Maximilian Krah, TikTok, Berendsen Organizations: Getty, Russia, Anne, CNBC Locations: Hesse, Germany
Read previewI never paid much mind to the pillow I rest my head on at night until I went to Berlin. A classic German bed pillow is a monstrosity measuring 31 by 31 inches (80 by 80 centimeters if you're local). AdvertisementThe first Google result for "German pillows" is "German pillows are a crime against sleep," an article by travel blogger Ryan Murdock who writes: "I've devoted a considerable amount of time to thinking about those giant square pillows. "There's no one size fits all for pillows," said Vuu, author of "Thrive State: Your Blueprint for Optimal Health, Longevity and Peak Performance." Next time I go to Germany, I'm bringing a pillow from home.
Persons: , Jessica Furseth, Ryan Murdock, I've, Juliane Hedderich, Kien Vuu, Vuu Organizations: Service, Business, Association of, Feather Industry, Wall Street, Health Sciences, UCLA, Health Locations: Berlin, Germany, Italy
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGermany's decision to cut EV subsidies has hit production in Europe, Hydro CFO saysTrond Olaf Christophersen, CFO of Hydro, discusses the aluminum sector and first-quarter earnings.
Persons: Trond Olaf Christophersen Organizations: Hydro Locations: Europe
Deutsche Bank on Thursday reported a 10% rise in first-quarter profit, beating expectations amid an ongoing recovery in its investment banking unit. Net profit attributable to shareholders was 1.275 billion euros ($1.365 billion) for the period, ahead of an aggregate analyst forecast of 1.23 billion euros for the period, according to LSEG data. Deutsche Bank said this was its highest first-quarter profit since 2013. Revenues at its investment bank increased 13% to 3 billion euros, following a 9% slump through full-year 2023 which had dragged down overall profit. Germany's biggest lender reported net profit of 1.3 billion euros in the prior quarter and of 1.16 billion euros in the first quarter last year.
Persons: James von Moltke, CNBC's Annette Weisbach Organizations: Deutsche Bank, Deutsche Bank's, Private Bank, Asset Management
Germany has arrested a national on charges of spying for the Chinese secret service and leaking information from the European Parliament, Germany's federal prosecutor's office said on Tuesday. The man was also accused of spying on members of the Chinese opposition in Germany, according to a CNBC translation. The alleged spy was named as Jian G. and identified as an employee of a German member of the European Parliament since 2019. "If it is confirmed that there was espionage for Chinese intelligence services from within the European Parliament, then that would be an attack on European democracy from within. The ministry also said it hoped that Germany would stop using the so-called spy threat to manipulate political narratives, according to Reuters.
Persons: Scholz, Jian G, Maximilian Krah, Nancy Faeser Organizations: Tongji University, CNBC, Reuters Locations: China, Germany, Brussels
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOur potential for growth is still too low, says Germany's CDU LeaderFriedrich Merz, leader of the Christian Democratic Union, speaks to Annette in an exclusive interview from the Ludwig Erhard Summit in Tegernsee, Germany.
Persons: Friedrich Merz, Annette, Ludwig Erhard Summit Organizations: Christian Democratic Union Locations: Germany's, Tegernsee, Germany
Andrew Aitchison | In Pictures | Getty ImagesIn case you haven't noticed, heat pumps are hot. But there are other reasons why heat pumps are fast becoming popular with homeowners. All of this is transforming Carrier Global , the nearly 100-year-old manufacturer whose founder, Willis Carrier, invented air conditioning. Heat pumps have a history dating back to 1850s The thermodynamic science behind heat pumps was developed in the 1850s, when the first ones were invented, and they've been used in homes since the 1960s. Heat pumps use electricity to transfer heat from a cool space to a warm space, making the cool space cooler and the warm space warmer.
Persons: CARR, Andrew Aitchison, Willis Carrier, David Gitlin, Carrier, Hakan Yilmaz, Yilmaz, they've, Michael Kretschmer, Sebastian Kowalski, Kretschmer, Tobie Stanger, Dave Lis, Viessmann, Milena Oliveira, Oliveira, Mark Prodan, Prodan, There's Organizations: Carrier Global, United Technologies, Solutions, East Trade Policy, Getty, International Energy Agency ., U.S . Climate Alliance, Consumer, Energy Efficiency, Carrier, M, Energy Star Locations: Gardens , Florida, Saxony, Leipzig, America, U.S, Maine, Michigan, Indian, Connecticut, New York State
Read previewSailors aboard a German warship that was recently deployed to the Red Sea were on watch for 12 hours a day, and in the "worst" situations, they might've only had seconds to respond to the deadly Houthi threats endangering ships in these waters. The Hessen, a Sachsen-class frigate, left the Red Sea and entered the Suez Canal on Saturday after spending nearly 60 days operating in Middle Eastern waters, Germany's military said Monday. Around 240 crew members aboard the Hessen were on "a permanent war march" during the mission, the German military said in a statement, according to a translation. German military photoThe short timeframe underscores how fast some of the Houthi threats are. In late-February, the Hessen accidentally targeted a US MQ-9 Reaper drone that was operating around the Red Sea and fired several missiles at the aircraft.
Persons: , Bab, Volker Kübsch, Kübsch Organizations: Service, Business, US Navy, German Navy, Navy, Aspides, Sachsen Locations: Hessen, Sachsen, Suez, Yemen, Gulf, Aden, Mandeb, Germany, Wilhelmshaven, Hamburg
The figure marked a 6.8% increase from 2022 and the sharpest year-on-year jump since 2009, the institute said in a report on military spending trends. "The unprecedented rise in military spending is a direct response to the global deterioration in peace and security," Nan Tian, senior researcher in SIPRI's military expenditure and arms production programme, said in a statement. Military expenditure has been rising for nine years straight, and military spending bolstered in all regions of the world for the first time since 2009, the report found. Ukraine's military spending meanwhile totaled around $64.8 billion — around 59% the amount of Russia's spending, but 37% of Ukraine's GDP, the report said. Tensions in the Middle East also significantly contributed to the overall rise in global military spending, the report said.
Persons: Nan Tian, spender, Lorenzo Scarazzato, Donald Trump, Jens Stoltenberg Organizations: 1st Tank Brigade, Ukrainian Ground Forces, Getty Images, Stockholm International Peace Research Institute, Kyiv, NATO, U.S Locations: Ukraine, Stockholm, Central America, Caribbean, Russia, China, U.S, East, Israel, Gaza
The ECB opted to hold rates steady in April and next meets to vote on monetary policy on June 6. Christine Lagarde, president of the ECBThe ECB's figurehead delivered a firm message that reflected her statements in recent press conferences: markets should expect an interest rate cut soon, barring major surprises. watch nowGabriel Makhlouf, governor of the Central Bank of IrelandMakhlouf said the most recent data sets had shifted his view on rates. "We don't follow the Fed... and now the ECB will be the central bank to be followed," Šimkus said. One could have cut rates way back in March or even April," he continued, adding that he hoped a majority of Governing Council members would back a June cut.
Persons: Kirill Kudryavtsev, Christine Lagarde, Lagarde, CNBC's Sara Eisen, Galhau, Villeroy, Karen Tso, Joachim Nagel, Germany's, Nagel, Robert Holzmann, Mario Centeno, Centeno, Gabriel Makhlouf, Central Bank of Ireland Makhlouf, we've, Makhlouf, Pierre Wunsch, Wunsch, Boris Vujčić, Jerome Powell, Vujčić, Gediminas Šimkus, Bank of Lithuania Šimkus, Šimkus, Edward Scicluna, Central Bank of Malta Scicluna, Kazāks, Bank of Latvia Kazāks, Olli Rehn, Rehn Organizations: Afp, Getty, International, European Central Bank, CNBC, ECB, Bank of France, Council, Austrian Central Bank One, Bank of Portugal, Central Bank of Ireland, National Bank of, Croatian National Bank, Federal, U.S, Bank of Lithuania, Central Bank of, Governing, Bank of Locations: Frankfurt, Germany, New York, ECB's, National Bank of Belgium, U.S, Europe, Central Bank of Malta, Bank of Latvia, Bank of Finland
Alex Kraus | Bloomberg | Getty ImagesEuropean Central Bank policymaker Joachim Nagel said Wednesday that a rate cut for the institution looks increasingly likely for June, but added that certain parts of the incoming inflation data still look higher than desired. watch nowEarlier Wednesday, Mario Centeno, governor of Portugal's central bank, said it was "about time to change this monetary policy cycle." The ECB's June interest rate decision would be "very important," he said. Markets are widely pricing in the first rate cut from the ECB to take place in June. watch nowEarlier this week, ECB President Christine Lagarde said that unless there were any major shocks, the ECB was on track to cut interest rates soon.
Persons: Joachim Nagel, Alex Kraus, Central Bank policymaker Joachim Nagel, Germany's Bundesbank, Karen Tso, " Nagel, , Mario Centeno, CNBC's Tso, Christine Lagarde, disinflation, CNBC's Sara Eisen, Robert Holzmann, Holzmann, wasn't Organizations: Deutsche Bundesbank, Bloomberg Television, Bloomberg, Getty, Central Bank, ECB Locations: Frankfurt, Germany, Washington ,, Europe, Portugal's, Austrian, East
A Team USA bodysuit is reigniting a conversation about the design of women's athletic outfits. Following the reveal of the showy unitard, athletes quipped that they would definitely need a thorough wax to wear the women's piece. Jordana Katcher, Nike's vice president for global sports apparel, also told the Post that several women athletes had requested the unitard specifically. Black women athletes are often hyper-sexualized or painted as angry or evil. Women athletes in sports like gymnastics, volleyball, and track and field are sometimes expected to wear bikini bottoms or short leotards.
Persons: Lauren Fleshman, , Tara Davis, Woodhall, Anna Cockrell, Stephanie Lecocq, Jordana, Queen Harrison, Claye —, Harrison, Claye, Marc Atkins, Fleshman, Naomi Osaka, Sha'Carri Richardson, Angel Reese, Caitlin Clark, Reese, Emmanuel Acho, Katie Moon, Voss, FABRICE COFFRINI, Organizations: Service, USA, Olympic, Washington Post, Reuters Nike, Nike, Business, Team USA, British, Getty, New York Times, BBC, International Handball Federation, Tokyo Locations: Washington, AFP, Norwegian
Lufthansa is launching its new "Allegris" cabin on Airbus A350 planes starting in May. Allegris represents a new era of comfort for Lufthansa and will initially serve Canada and the US. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. On Sunday, Lufthansa Airlines CEO Jens Ritter announced on LinkedIn the delivery of the airline's first-ever Allegris-equipped airplane — an Airbus A350, registered D-AIXT and nicknamed Leipzig. This story is available exclusively to Business Insider subscribers.
Persons: Allegris, , Jens Ritter Organizations: Lufthansa, Airbus, Service, Sunday, LinkedIn, North America, Business Locations: Canada, Leipzig, North, Vancouver, Toronto
British low-cost carrier easyJet on Tuesday said it was extending its suspension of Israel flights for the remainder of the summer season, until Oct. 27, and would refund customers due to fly. Rival Wizz Air resumed flights to Tel Aviv on Tuesday but said passengers may experience "schedule changes" and that it was monitoring the situation. Dutch airline KLM canceled flights to Israel until Apr. Air India said it had temporarily suspended flights to and from Tel Aviv and its Tuesday service was listed as canceled. Germany's Lufthansa Group said it had resumed flights to Tel Aviv, Amman and Erbil on Tuesday, but had canceled flights to Tehran and Beirut up until Thursday.
Organizations: Sunday, Wizz Air, KLM, Air, Germany's Lufthansa Group Locations: Ben Gurion, Iran, Tel Aviv, Israel, British, Air India, Amman, Erbil, Tehran, Beirut
Israel and the US expect a potential Iranian attack following a strike on Iran's embassy in Syria. The incident has escalated the long-standing proxy war between Israel and Iran. Despite threats of a direct attack on Israel, Iran won't want a war involving the US. A long-standing proxy warThe airstrike on April 1 marked an escalation in the long-standing proxy war between Israel and Iran. Related storyIf ballistic missiles or drones do target Israel, Israel would respond, and the US has made it clear it would support it.
Persons: , Ali Khamenei, Israel, Joe Biden, Benjamin Netanyahu, Axios, Hossein Amir, Abdollahian, Jake Epstein, Saeid Jafari, Ali Sadrzadeh, Sadrzadeh, Qassem Soleimani, Khameini, Hassan Rouhani Organizations: Service, Islamic Revolution Guard Corps, Iranian, Street Journal, Reuters, Atlantic Council, Israel, BBC News Locations: Israel, Syria, Iran, Damascus, Gaza, Lebanon, Yemen, Washington, Tehran, Iraq
The U.K.'s FTSE 100 index is expected to open 31 points higher at 7,949, Germany's DAX up more than 100 points at 18,051, France's CAC 47 points higher at 8,064 and Italy's FTSE MIB 150 points higher at 33,212, according to data from IG. European markets are set to open higher on Friday morning as investors parse through U.K. economic data and reflect on a somewhat murky U.S. inflation outlook. The market moves come after the pan-European Stoxx 600 index closed lower in the previous session. Stateside, investors digested fresh inflation data in search of clues on exactly when the U.S. central bank may start cutting interest rates. In Europe, Britain's economic output increased by 0.1% in monthly terms in February, in line with expectations, according to figures published Friday by the Office for National Statistics.
Persons: Germany's DAX, Dow Jones Organizations: CAC, IG, European Central Bank, U.S, U.S . Federal, Labor Department's Bureau of Labor Statistics, Dow, Office, National Statistics Locations: U.S ., U.S, Europe
Germany's Lufthansa said on Wednesday it suspended flights to and from Tehran from April 6 until probably April 11, "due to the current situation in the Middle East". "We are constantly monitoring the situation in the Middle East and are in close contact with the authorities. Later, Tehran said that the shooting-down of the Ukrainian was a "disastrous mistake" by forces who were on high alert. In retaliation for the killing of Qasem Soleimani, head of an elite overseas unit of the Guards, Iranian forces fired missiles at military bases housing U.S. troops in Iraq on Jan. 3. More than 33,000 Palestinians have been killed in six months of Israeli bombardment of Gaza, according to the health ministry in Gaza.
Persons: Germany's, Iran's, Ayatollah Ali Khamenei, Khamenei, Israel Katz, Qasem Soleimani Organizations: Lufthansa, Frankfurt Airport, Germany's Lufthansa, Reuters, Bloomberg, Revolutionary Guards, Ukraine International Airlines, Tehran, Iranian Guards, Guards Locations: Frankfurt, Germany, Tehran, United States, Iran, Iranian, Syria, Israel, Damascus, Washington, U.S, Baghdad, Ukrainian, Iraq, Gaza, Hamas
American chip giant Intel in December 2021 said it will invest more than $7 billion to build a chip packaging and testing factory in Malaysia, with production expected to begin in 2024. Malaysia holds 13% of the global market for chip packaging, assembly and testing services, said the Malaysian Investment Development Authority in a Feb. 18 report. Exports of semiconductor devices and integrated circuits increased by 0.03% to 387.45 billion Malaysian ringgit ($81.4 billion) in 2023, amid global chip demand weakness. Malaysia Semiconductor Industry Association president Datuk Seri Wong Siew Hai said many Chinese firms diversified some of their production to Malaysia, calling the country China's "plus one." In the same month, the world's largest contract chip maker TSMC opened its first Japan factory as it diversifies away from Taiwan amid U.S.-China tensions.
Persons: Faris Hadziq, Kenddrick Chan, Aik Kean Chong, Intel's, Tan, Yinglan Tan, Datuk Seri Wong Siew Hai, Zafrul Aziz, TSMC, Ann Lim Organizations: Getty, Malaysia, LSE, London School of Economics, Political, Semiconductors, Intel, CNBC, Infineon, Ventures Partners, Malaysian Investment Development Authority, Malaysian, Malaysia Semiconductor Industry, U.S ., U.S, China -, Partnership Locations: KUALA LUMPUR, MALAYSIA, Malaysia, Kuala Lumpur, South, East Asia, China, U.S, American, Penang, Another U.S, Singapore, Europe, Kong, GlobalFoundries Singapore, Klang, India, Japan, Taiwan, South Korea, Washington, Asia, China - U.S
It came after Germany suggested there should be limits on importing hunting trophies. AdvertisementBotswana's president Mokgweetsi Masisi said he wants to send 20,000 wild elephants to Germany to challenge the country's stance on hunting. However, Kleinschmidt noted that Botswana's environment minister met with the German environment minister last week for an "open and constructive exchange of views." Related stories"Germany is one of the largest importers of hunting trophies into the EU. As the largest existing land animals, elephants are responsible for around 500 human deaths per year, according to BBC Wildlife Magazine.
Persons: Mokgweetsi Masisi, Masisi, , Steffi Lemke, Massisi, Svenja, Kleinschmidt, There's, Prince Harry, Meghan, London's Organizations: Service, Guardian, Greens, Bild, EU Wildlife Trade, BBC Wildlife Magazine, Metro, Sky News, Botswana's Government Locations: Germany, Berlin, Botswana, Angola, Mozambique, Dumezweni
People say it looks like a lightning bolt from the SS, a Nazi unit in World War II. Adidas said it's blocked fans from making jerseys with the "44," and an alternative design is being developed. AdvertisementAdidas has removed the option for fans to customize their soccer jerseys with the number "44" amid concerns that a design for the German national team resembles a Nazi symbol. Known widely as the SS, this unit was responsible for many of the war crimes and atrocities committed by Nazi Germany in World War II. DAMIEN MEYER/AFP via Getty ImagesAdidas told the BBC that the jerseys were designed by the German Football Association and weren't intentionally made to look like the SS logo.
Persons: it's, , Adolf Hitler, Michael König, DAMIEN MEYER, weren't Organizations: German, soccer, SS, Nazi, Adidas, Service, German Football Association, Schutzstaffel, Getty, BBC, Union of European Football Associations, Nike, Business Locations: Nazi Germany, Germany, Nazi SS, Ploeuc, Saint, France, Herzogenaurach
The US must resist Russian disinformation tactics and help Ukraine, leading war watchers argue. Experts suggest persistent support for Ukraine and stopping Russia from shaping perception. ISW emphasized that Russia is benefitting from Western countries that continuously withhold crucial weapons from Ukraine that can significantly incapacitate it. Lithuania has been helping Ukraine to repair its Leopard 2 tanks after they were damaged in the war against Russia. "Russia cannot defeat Ukraine or the West — and will likely lose — if the West mobilizes its resources to resist the Kremlin," the analysts wrote.
Persons: , ISW, Germany's, Olaf Scholz, Scholz, Abrams, Alexander Welscher Organizations: Service, Ukraine, Archer Artillery, Getty, Press, Russia, Kremlin Locations: Ukraine, Russia, West, Washington, Russian, Europe, Donetsk Oblast, Roman, Lithuania, United States
Several countries pay bonuses to medal winners, and high-profile athletes may get brand deals and sponsorships, but many Olympic athletes live quiet lives. AdvertisementD'Souza suggested he received funding for the Enhanced Games in the "single-digit millions" but declined to specify the amount. So far, it's unclear what kind of talent Enhanced Games will attract. He said that at the Enhanced Games, athletes would get comprehensive health checkups to monitor the effects of "whatever enhancement protocols" they're on and ensure they're fit to compete. D'Souza said he planned to announce more details about the Enhanced Games this summer — right around the Paris Olympics.
Persons: Aron D'Souza, gymgoers, D'Souza, Thomas Bach, Bach, Uber, Christian, Christian Angermayer, Balaji Srinivasan, Coinbase's, Peter Thiel, Angermayer, Srinivasan, Thiel, Hulk, Charles Harder, Harder, didn't, Sargon, Peter, VCs, Thiel hasn't, he's, James Magnussen, James, he'd, Marta Nawrocka, BI's Gabby Landsverk, Jim Walden, Grigory Rodchenkov, it's, who'd Organizations: International, Olympic, IOC, West Germany's Olympic, The New York Times, Business, Apeiron Investment, University of Melbourne, Gawker Media, BuzzFeed, Gawker, Abrams, Australian Financial, US, Doping Agency, UFC, Drug Free, NFL, NBA, MLB, Testing Agency, ITA, CNN, FBI, Sports, Gaming Initiative, Paris Locations: Miami, Lausanne, Switzerland, Oxford, Australian, Russia
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In that case, the legally stipulated breeding ban will affect all healthy dogs that deviate from the wolf type in their appearance," per The Times. AdvertisementDachshunds are plagued by a range of health problems relating to their "extreme body shape," according to the British Veterinary Association. Joey Hadden/Business InsiderDachshunds are not the only breed to suffer from breeding-related issues. Other dogs with significant health issues derived from selective breeding include the pug and the bulldog, both suffer from serious breathing difficulties due to their flat faces.
Persons: , Peter Friedrich, Joey Hadden, Dachshunds Organizations: Service, German Kennel, The, Business, Times, Sky, British Veterinary Association, UK's Royal Society for, Animals, RSPCA, PETA Locations: Germany, London
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