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☆ Ukraine was in trouble already — now it openly admits it's on track to lose
▼ + stars: | 2024-04-17 | by ( Tom Porter | Mia Jankowicz | ) www.businessinsider.com time to read: +11 min

On the front line in east and south Ukraine, reports say the situation is increasingly desperate, with Russia outfiring Ukraine at a rate of three to one. Senior Ukrainian military officials, talking to Politico, said that Russia could break through wherever it focuses its anticipated summer offensive. AdvertisementThe role of the WestUkraine is on a "starvation diet" for aid, George Barros, an expert at the Institute for the Study of War, told BI. Anadolu/Getty ImagesAnalysts also say that weaknesses in Russia's military are limiting the Kremlin's ability to take advantage of the situation. "For Ukraine to suffer total defeat, we'd need to see a major collapse in Ukrainian lines and morale," he said.

Persons: —, Volodymyr Zelenskyy, Zelenskyy, Dmytro Kuleba, Bryden Spurling, George Barros, BI's Sinéad Baker, Barros, ATACMS, Klaus, Dietmar Gabbert, we've, Justin Bronk, Ukraine —, Politico —, Mykola Bielieskov, Spurling, George Beebe, Beebe, Ukraine it's, ferociously Organizations: Service, Republicans, Business, Patriots, Politico, Russia outfiring, Ukrainian, RAND Corporation, AP, US State Department, Institute for, Leopard, Getty, London's Royal United Services Institute, Ukraine, National Institute for Strategic Studies, Fleet, Anadolu Locations: Russian, Ukraine, Russia, Russia outfiring Ukraine, Iran, North Korea, West Ukraine, Avdiivka, Zaporizhzhia, Ukrainian, NATO, Kyiv, Avdiivkva, Dnipro

☆ Inside Lilium, the German company trying to revolutionize air travel
▼ + stars: | 2024-04-12 | by ( Arjun Kharpal | Cristy Garratt | ) www.cnbc.com time to read: +2 min

German aerospace company Lilium wants to revolutionize air travel with its electric vertical take-off and landing (eVTOL) jet. "Revolutionize means make it absolutely zero emission," Lilium CEO Klaus Roewe told CNBC Tech in an interview. "We want to make a regional plane that has a decent transport capacity to have a meaningful effect on CO2 emission reduction." Less than a decade after being founded by four university students, the group is now one of Europe's leading eVTOL companies. Lilium, which is backed by the likes of China's Tencent and Earlybird Venture Capital, has started taking orders from the premium market.

Persons: Klaus Roewe, Lilium, Roewe, China's, Daniel Wiegand, Lilium's, Wiegand Organizations: CNBC Tech, Earlybird Venture, eVTOL Aircraft Locations: Weßling, Bavaria

☆ Klaus Mäkelä, 28-Year-Old Finnish Conductor, to Lead Chicago Symphony
▼ + stars: | 2024-04-02 | by ( Javier C. Hernández | ) www.nytimes.com time to read: +1 min

The Chicago Symphony Orchestra, which has been led for decades by conducting titans including Georg Solti, Daniel Barenboim and Riccardo Muti, announced Tuesday that its next music director would be Klaus Mäkelä, a 28-year-old Finnish conductor whose charisma and clarity have fueled his rapid rise in classical music. When he begins a five-year contract in 2027 at 31, Mäkelä will be the youngest maestro in the ensemble’s 133-year history, and one of the youngest ever to lead a top orchestra in the United States. Mäkelä, who will become music director designate immediately, said in an interview that he did not think his age was relevant, noting that he had been conducting for more than half his life, beginning when he was 12. “I don’t think about it,” he said. “Music doesn’t really have any age.”Mäkelä, who will also take over as chief conductor of the Royal Concertgebouw Orchestra in Amsterdam in 2027, said he was joining the Chicago Symphony because it has “that intensity — that same sound from the past.”

Persons: Georg Solti, Daniel Barenboim, Riccardo Muti, Klaus Mäkelä, Mäkelä, “, ”, ” Mäkelä Organizations: Chicago Symphony Orchestra, Royal Concertgebouw Orchestra, Chicago Symphony Locations: United States, Amsterdam

☆ 10 James Webb space photos reveal cosmic nurseries where stars come to life
▼ + stars: | 2024-04-01 | by ( Ellyn Lapointe | ) www.businessinsider.com time to read: +1 min

NASA's James Webb Space Telescope has unlocked a window into our universe unlike any before. Using its powerful infrared vision, JWST can peer into the hearts of stellar nurseries. JWST reveals how stars, planets, and potentially life itself, form in our universe. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Stellar nurseries, where new stars bloom to life, are thick clouds of gas and dust, a.k.a.

Persons: NASA's James Webb, —, James Webb, Klaus Pontoppidan, they're Organizations: Service, Jet Propulsion Laboratory

☆ We're watching an American retirement crisis unfold
▼ + stars: | 2024-03-25 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +7 min

The big storyRetirement crisisart-4-art/Getty Images; Adobe Firefly; Jenny Chang-Rodriguez/BIWhat was once a natural part of the American dream — retirement — is now a luxury many workers can't afford. All of that combines to form a growing, and increasingly bleak, American retirement crisis. Plus, some who do leave work early end up regretting it . AdvertisementWhile early retirement isn't for everyone, retirement at its most basic level — leaving work after most of our adult lives — should be. The notion that people who've done everything they were supposed to, and still can't retire, points to major problems in the system at large.

Persons: —, Jordan Parker Erb, Dan DeFrancesco, Haven't, Jenny Chang, Rodriguez, they've, Juliana Kaplan, doesn't, Juliana, who's, she's, Alounthong, Getty, Klaus Vedfelt, Tyler Le, Zers, millennials, Warren Buffett's, Buffett, Sam Bankman, Daniel Jurman, it's, Rebecca Zisser, Elon Musk, Donald Trump, Hallam Bullock, George Glover, Grace Lett, Lisa Ryan Organizations: Service, Business, Pensions, Social Security, Prosecutors, BI, Apple, Accenture, Deloitte, Google Locations: America, India, China, American, New York, London, Chicago

☆ 2024 will be a year of transition for Schaeffler, CEO says
▼ + stars: | 2024-03-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email2024 will be a year of transition for Schaeffler, CEO saysKlaus Rosenfeld, CEO of Schaeffler, discusses full-year earnings and the automotive industry.

Persons: Klaus Rosenfeld

☆ Turns out that giving up the grind and retiring to Italy is as good as it sounds
▼ + stars: | 2024-03-02 | by ( Joi-Marie Mckenzie | Jordan Parker Erb | ) www.businessinsider.com time to read: +5 min

If you've ever dreamed of giving up the grind and retiring in Italy, apparently it's as good as it sounds. On the agenda today:This story is available exclusively to Business Insider subscribers. In fact, this is a topic my colleagues at Business Insider cover extensively all year long. But understanding and improving your VO2 Max, a measure of how much oxygen you use during exercise, could be the key to unlocking a longer life. AdvertisementA higher VO2 max can give you a better chance at a longer life.

Persons: —, we've, Alyssa Powell, They're, Christopher Malcolm, Getty, Klaus Vedfelt, Abanti Chowdhury, Max, Marc Piasecki, Tyler Le, Stellan, Skarsgård, Baron Vladimir Harkonnen, Jia Feng, Devin Shaffer, Neiman Marcus, Le, Napoleon, Ridley, Joaquin Phoenix, Joi, Marie McKenzie, Jordan Parker Erb, Dan DeFrancesco, Lisa Ryan Organizations: Service, Business, Getty, Universal, Miramax, Warner Bros, BI, Netflix, Apple TV, Apple, Hulu, Paramount Locations: Italy, Texas, Tuscany, America, United States, New York

☆ Germany’s housebuilding sector is in a 'confidence crisis' as the economy struggles
▼ + stars: | 2024-02-23 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +3 min

Patrick Pleul | Picture Alliance | Getty ImagesGermany's housebuilding sector has gone from bad to worse in recent months. "The housebuilding sector is, I would say, a little bit in a confidence crisis," Dominik von Achten, chairman of German building materials company Heidelberg Materials, told CNBC's "Squawk Box Europe" on Thursday. In January both the current sentiment and expectations for the German residential construction sector fell to all-time lows, according to data from the Ifo Institute for Economic Research. The business climate reading fell to a negative 59 points, while expectations dropped to negative 68.9 points in the month. Habeck pointed to higher interest rates as a key challenge for the economy, explaining that those had led to reduced investments, especially in the construction sector.

Persons: Patrick Pleul, Dominik von Achten, CNBC's, Klaus Wohlrabe, Robert Habeck, Wohlrabe, It's, Achten Organizations: Getty, Heidelberg Materials, Ifo Institute for Economic Research, Hamburg Commercial Bank, PMI, Climate Locations: Germany, Ifo, Heidelberg

☆ German parliament votes to legalize limited recreational cannabis use for adults
▼ + stars: | 2024-02-23 | by ( Nadine Schmidt | ) edition.cnn.com time to read: +2 min

CNN —Germany’s lower house of parliament voted to legalize cannabis for limited recreational use among adults on Friday, following a controversial debate about the pros and cons of allowing easier access to the drug. In total, 407 German lawmakers voted in favor of the new regulation; 226 lawmakers voted against and four lawmakers abstained from Friday’s vote. The move makes Germany the third country in Europe – after Malta and Luxembourg – to legalize the drug for recreational use, removing cannabis from the official list of banned substances. The German government said that cannabis would remain illegal for minors and highly restricted for young adults, adding that consuming the drug near schools and playgrounds would be illegal. “Nobody should misunderstand this law: cannabis consumption is being legalized, but that doesn’t mean it isn’t dangerous,” Germany’s health minister said.

Persons: –, Karl Lauterbach, ” Lauterbach, “, Tino Sorge, GMA Klaus Reinhardt Organizations: CNN, Christian Democratic Union, CDU, German Medical Associations, GMA Locations: Germany, Europe –, Malta, Luxembourg, Netherlands

☆ A Film Festival in the Back of a Taxi
▼ + stars: | 2024-02-21 | by ( Bryn Stole | ) www.nytimes.com time to read: +1 min

Some of international cinema’s biggest names gathered on Tuesday night at the Berlin International Film Festival as the event honored Martin Scorsese with a lifetime achievement award. Irene Jaxtheimer, who runs a taxi company, passed around homemade popcorn. A generator outside the cab powered a modest television, a DVD player and a small electric heater. The unconventional screening, just outside a centerpiece event for one of Europe’s most prestigious film festivals, was part of the makeshift TaxiFilmFest. Running through Sunday, it is partly a protest over the miserable state of the taxi industry these days and partly a counterfestival to celebrate the taxi cab’s iconic place in the urban cultural landscape.

Persons: Martin Scorsese, Scorsese, Wim Wenders, ” Klaus Meier, Irene Jaxtheimer Organizations: Berlin Locations: Berlin

☆ How flying taxis could go mainstream
▼ + stars: | 2024-02-20 | by ( Sarah Sloat | ) www.businessinsider.com time to read: +7 min

But some experts say if air taxis are going to go mainstream, an overlooked element will need to be scaled up: software. One part is the physical infrastructure, such as a vertiport — where air taxis can take off, land, and recharge. Because it’s a self-flying aircraft, there are unique software needs, Becky Tanner, the chief marketing officer at Wisk, told BI. Courtesy of VolocopterVolocopter also sees a “stand-alone business case” for VoloIQ as a third-party software, Seywald said. Getting air taxis in the skies could hinge on the customersSoftware is an essential part of the success of a mobility provider, Seywald told BI.

Persons: you’re, it’s, ”, Yu Yu Zhang, ” Zhang, Zhang, There’s, Susan Shaheen, ” Shaheen, Becky Tanner, ” Tanner, VoloIQ, Klaus Seywald, Seywald, Volocopter, ” Seywald, Shaheen Organizations: Newark Liberty International Airport, Infrastructure, US, AAM, Federal Aviation Administration, Center for Urban Transportation Research, University of California, Sustainability Research Center, Purdue University, Aerovy Mobility, Boeing, Wisk, Microsoft, Software, “ Locations: Manhattan, Berkeley, Wisk, German, Paris, Rome

☆ Italy donates 3D-printed replica of statue destroyed by ISIS to Iraq
▼ + stars: | 2024-02-13 | by ( James Imam | ) edition.cnn.com time to read: +3 min

CNN —Italy has donated a reconstructed Assyrian statue to Iraq in a gesture former culture minister Francesco Rutelli described as a “miracle” of Italian cultural diplomacy. Constructed in the ninth century BC, the 5-meter-tall (16-foot) “Bull of Nimrud” was destroyed by ISIS fighters in 2015, before Italian artisans made a copy of the monument using 3D-printing technology. The replica, which was previously displayed at the Colosseum in Rome and the UNESCO headquarters in Paris, has now been permanently relocated outside the entrance to the Basrah Museum in the Iraqi city of Basra. "The Bull of Nimrud," a full-sized reconstruction of the bull figure from the ancient Assyrian city Nimrud, on display in the "Reborn from Destruction" exhibition at the Colosseum in October 2016. The “Bull of Nimrud,” which stood at the site and is a symbol of the Assyrian civilization, was among the destroyed monuments.

Persons: Francesco Rutelli, Nimrud, ” Gennaro Sangiuliano, ” Rutelli, Civiltà, meanwhile, Klaus Blume, Nicola Salvioli, ”, Shalmaneser III, Ashurnasirpal, Abdul Latif Rashid Organizations: The Art, CNN, CNN —, ISIS, UNESCO, Basrah Museum, Associazione, Facebook, of Bel Locations: CNN — Italy, Iraq, Rome, Paris, Iraqi, Basra, “ Italy, Nimrud, Mosul, Ashurnasirpal, Palmyra, Ebla, Italy

☆ Germany's Airport Security Staff to Ground Flights in Nationwide Protests
▼ + stars: | 2024-02-01 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +1 min

BERLIN (Reuters) - Security staff at some of Germany's biggest airports, including the global hub Frankfurt, walked off the job on Thursday, grounding flights and piling pain on Europe's largest economy. The 24-hour strike, called by labour union Verdi, is the latest in a series of industrial actions that has paralysed the country's transportation sector in recent weeks. Almost 200,000 travellers will be affected by over 1,100 flight cancellations or delays, the German airports association ADV estimated on Wednesday as some of Germany's biggest airports including Frankfurt, Berlin, Hamburg and Stuttgart said there would be no departures for passengers. Last week, German train drivers had staged their longest railway strike to date following a week-long nationwide protest by German farmers who had blocked the country's roads. On Friday, industrial action is expected to bring public transport to a halt in every federal state except Bavaria.

Persons: Verdi, Ralph Beisel, Wolfgang Pieper, Nette Nöstlinger, Klaus Lauer Organizations: BERLIN, Security, ADV Locations: Frankfurt, Berlin, Hamburg, Stuttgart, Germany, Bavaria

☆ Security Staff Strike Planned at German Airports on Thursday - Ntv
▼ + stars: | 2024-01-30 | by ( Jan. | At A.M. | ) www.usnews.com time to read: 1 min

BERLIN (Reuters) - Germany's Verdi union plans a nationwide strike of airport security workers on Thursday, the ntv broadcaster and other media reported on Tuesday. Sources in the aviation industry said the strike would take place. Germany has grown increasingly accustomed to strikes impacting air and rail travel as workers demand higher wages to cope with the impact of inflation. Verdi plans a separate public transport strike for Friday across 15 of Germany's 16 states. (Reporting by Klaus Lauer; writing by Rachel More; editing by Matthias Williams)

Persons: Verdi, Klaus Lauer, Rachel More, Matthias Williams Organizations: BERLIN, ntv, Reuters Locations: Germany

☆ Elon Musk praises Javier Milei's World Economic Forum speech — and gets his Grok AI to make his annual dig at Davos
▼ + stars: | 2024-01-18 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Read previewThe World Economic Forum in Davos is in full swing, but one of the great and good is not in Switzerland this week: Elon Musk. Grok roasts Klaus Schwab at WEF pic.twitter.com/zzpaNTWnKm — Elon Musk (@elonmusk) January 18, 2024However, Musk was full of praise for one Davos attendee : Argentine president Javier Milei. It received plenty of legitimate criticism , but also sparked conspiracy theories that believe it is a sinister plan by elites to use the Covid-19 pandemic to control the world. Comments under his X post "roasting" Schwab also featured several posts alluding to conspiracy theories surrounding the WEF. The World Economic Forum did not immediately respond to a request for comment from Business Insider.

Persons: —, Elon, Klaus Schwab, Grok roasts Klaus Schwab, zzpaNTWnKm — Elon, Musk, Javier Milei, D254kMpgDh — Elon, Milei, who's, Schwab, chatbot, hadn't, He's, Prince, Wales Organizations: Service, Economic, Business, World Economic Locations: Davos, Switzerland, WEF, Argentine, Argentina

DAVOS, Switzerland (AP) — Artificial intelligence is easily the biggest buzzword for world leaders and corporate bosses diving into big ideas at the World Economic Forum’s glitzy annual meeting in Davos. In a sign of ChatGPT maker OpenAI’s skyrocketing profile, CEO Sam Altman is making his Davos debut to rock star crowds, with his benefactor, Microsoft CEO Satya Nadella, hot on his heels. Illustrating AI’s geopolitical importance like few other technologies before it, the word was on the lips of world leaders from China to France. Here's a look at the buzz:OPENAI OPENING BIG AT DAVOSPolitical Cartoons View All 253 ImagesThe leadership drama at the AI world's much-ballyhooed chatbot maker followed Altman and Nadella to the swanky Swiss snows. China, one of the world’s centers of AI development, wants to “step up communication and cooperation with all parties” on improving global AI governance, Li said.

Persons: OpenAI’s, Sam Altman, Satya Nadella, Altman, Nadella, “, OpenAI, Klaus Schwab quizzed, Li Qiang, ”, Li, Ursula von der Leyen, Emmanuel Macron, Google's Bard, he's, can’t, Julie Sweet, Arvind Krishna, Yann LeCun, LeCun, ____ Chan, Matt O'Brien Organizations: Davos, DAVOS, Bloomberg, Microsoft, ”, European, EU, Accenture, AP Locations: DAVOS, Switzerland, Davos, China, France, Swiss, percolated, afterparties, Europe, Britain, Valley, London, Providence , Rhode Island

☆ ‘The Western world is in danger’: Argentina’s Milei, a self-described ‘anarcho-capitalist,’ urges Davos elite to reject socialism
▼ + stars: | 2024-01-17 | by ( Sam Meredith | ) www.cnbc.com time to read: +2 min

Argentina's President Javier Milei delivers a speech at the World Economic Forum (WEF) meeting in Davos on January 17, 2024. "Today, I'm here to tell you that the Western world is in danger," Milei said in a special address at the World Economic Forum in Davos, Switzerland, according to a translation. "Rebuilding Trust" is the overarching theme of the annual WEF meeting. WEF founder Klaus Schwab introduced Milei to the stage in Davos by saying his "more radical methods" had "introduced a new spirit to Argentina." "The main leaders of the Western world have abandoned the model of freedom for different versions of what we call collectivism.

Persons: Javier Milei, Fabrice COFFRINI, FABRICE COFFRINI, Milei, Donald Trump, WEF, Klaus Schwab Organizations: Economic, Getty, Reuters Locations: Davos, AFP, Switzerland, Swiss, Argentina

☆ Microsoft CEO Satya Nadella talks AI at Davos
▼ + stars: | 2024-01-16 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +2 min

CNN —Microsoft CEO Satya Nadella said during the World Economic Forum in Switzerland on Tuesday he was “hopeful” and “optimistic” about the future of artificial intelligence. In a conversation with Klaus Schwab, chairperson of the World Economic Forum, Nadella discussed where he believes the AI industry is headed and the safety guardrails needed in place. “As a digital technology industry, the biggest lesson learned perhaps for us is that we have to take the unintended consequences of any new technology along with all the benefits,” Nadella said. At the same time, AI companies and lawmakers continue to call for sweeping regulations of the technology. Nadella said this is a fundamental change seen the industry over the last 10 years.

Persons: Satya Nadella, Klaus Schwab, Nadella, ” Nadella, it’s, CNN’s Fareed Zakaria, Bill Gates, ”, “ Organizations: CNN, Economic, “, Microsoft Locations: Switzerland, Silicon

☆ China's premier tells Davos that innovation shouldn't be used to restrict other nations
▼ + stars: | 2024-01-16 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

Li Qiang, China's premier, delivers a special address on the opening day of the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, Jan. 16, 2024. Bloomberg | Bloomberg | Getty ImagesChinese Premier Li Qiang said that tech innovations should not be used as a way to restrict or contain other countries. "Scientific and technological fruits should benefit humanity as a whole, instead of becoming a means to restrict or contain the development of other countries," Li added, calling for "more open measures." watch nowFollowing his speech, Li spoke about the risks and opportunities of generative AI, such as ChatGPT, in a brief question-and-answer session with World Economic Forum Founder Klaus Schwab. Li met with Swiss President Viola Amherd ahead of the Davos conference and is set to visit Ireland later in the week.

Persons: Li Qiang, Li, Klaus Schwab, ChatGPT, ”, multilateralism, Viola Amherd Organizations: Economic, Bloomberg, Getty Images, Baidu, Swiss, Davos, Ireland, Monday Locations: Davos, Switzerland, Beijing, Washington, U.S, China, Swiss

☆ Premarket stocks: The rich and powerful are meeting in Davos. Here’s what they’re talking about
▼ + stars: | 2024-01-16 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

Climate catastrophes: Climate change is a hot topic as leaders meet to discuss balancing economic growth with sustainability. Davos comes just days after scientists around the globe reported that the average temperatures last year reached a new record high. The report also said that cooperation among global leaders on the issue is scarce. So while leaders will likely discuss the use of fossil fuels and green development, there may not be much agreement. Leaders gathered in Davos Sunday to discuss Ukrainian President Zelensky’s 10-point peace plan to end Russia’s war with his country.

Persons: Isaac Herzog, Volodymyr Zelensky, Emmanuel Macron, Li Qiang, Antony Blinken, Jake Sullivan, John Kerry, Satya Nadella, Sam Altman, Jamie Dimon, Brian Moynihan, Larry Fink, Donald Trump, ”, Philipp Hildebrand, CNN’s Richard Quest, ” “, ” Nicolai Tangen, CNN’s, “, Kristalina Georgieva, OpenAI’s Altman, Microsoft’s, Zelensky’s, JPMorgan’s Dimon, Herzog, Klaus Schwab, Tami Luhby, Elon Musk, Bernard Arnault, Jeff Bezos, Larry Ellison, Warren Buffett, Nabil Ahmed, ” Ahmed, Jordan Valinsky, Comité Organizations: New, New York CNN, World Economic, National, Business, Microsoft, JPMorgan, Bank of America, BlackRock, Republican, GOP, ” BlackRock, Bank, Norges Bank, International Monetary Fund, IMF, State, Amazon, Oracle, Berkshire Hathaway, Oxfam, Workers Locations: New York, Davos, United States, Iowa, Europe, Taiwan, India, Mexico, China, Covid, Champagne, France

☆ Microsoft CEO Satya Nadella says global consensus on AI is emerging
▼ + stars: | 2024-01-16 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Executive Chairman and CEO of Microsoft Corporation Satya Nadella attends a session during the 54th annual meeting of the World Economic Forum in Davos, Switzerland, January 16, 2024. Microsoft CEO Satya Nadella said Tuesday he sees global consensus emerging when it comes to artificial intelligence, and that, even though regulatory approaches to the tech may differ from one jurisdiction to another, countries are talking about AI in a similar way. Speaking at the World Economic Forum in Davos, Switzerland, Nadella said he feels there is a need for global coordination on AI and agreeing on a set of standards and appropriate guardrails for the technology. "I think [a global regulatory approach to AI is] very desirable, because I think we're now at this point where these are global challenges that require global norms and global standards," Nadella said, speaking in conversation with WEF Chair Klaus Schwab. The Redmond, Washington-based tech giant has put billions of dollars into OpenAI, the firm behind the popular AI chatbot ChatGPT.

Persons: Microsoft Corporation Satya Nadella, Satya Nadella, Nadella, WEF, Klaus Schwab Organizations: Microsoft Corporation, Economic, Microsoft Locations: Davos, Switzerland, Redmond, Washington

☆ Denmark Awaits New King, as Queen Margrethe to Bow Out
▼ + stars: | 2024-01-13 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +3 min

People from all over Denmark are expected to crowd Copenhagen in a sign of the huge popularity the monarchy is enjoying. "It could be that she thinks Prince Frederik is prepared to take over now," said Lars Hovbakke Sorensen, a historian and associate professor at University College Absalon in Denmark. "He's 55, and maybe the queen wanted to avoid a situation where you would have a very, very old king, as you saw with Prince Charles." The British king was 73 when he ascended the throne after his mother Queen Elizabeth died in September 2022 aged 96. The new Danish royal couple will take the throne at a time of huge public support and enthusiasm for the monarchy.

Persons: Stine Jacobsen, Johannes Birkebaek COPENHAGEN, Margrethe II, Denmark's, Frederik, Danes, Margrethe, It's, Anna Karina Laursen, Hans Christian Andersen, Mary, Royce, Christian, Mette Frederiksen, Klaus Johansen, Prince Frederik, Lars Hovbakke Sorensen, Prince Charles ., Queen Elizabeth, Johannes Birkebaek, Jacob Gronholt, Pedersen, Frances Kerry Organizations: of State, Reuters, ROYAL POWER, University College Absalon, Danish Locations: Copenhagen, Danish, Denmark, Britain

☆ Benko's complex web at Signa - from Chrysler building to Berlin landmark
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +6 min

SIGNA PRIME/PROPERTY PORTFOLIOAccording to Signa, Prime is the group's largest company in its real estate division, valued at around 20.4 billion euros ($22.23 billion). Since 2019 Signa Holding has also been a co-owner of New York's iconic Chrysler Building. TRADING/RETAIL COMPANIESBenko has bundled his trading interests under the divisions Signa Retail and Signa Premium. In Switzerland, Benko's trading investments are bundled into Signa Retail Selection AG, which filed for bankruptcy protection on Wednesday. In 2018, Signa Holding bought around 24% stake in Austrian daily newspapers "Krone" and "Kurier" from Funke media group.

Persons: Lisi Niesner, Rene Benko, Ernst Tanner, Hans Peter Haselsteiner, Torsten Toeller, Arthur Eugster, SIGNA, Signa, Otto Wagner, Benko's, Klaus, Michael Kuehne, Kuehne, Hamburg's, Chirathivat, Benko, Frasers, Kaufhof, Karstadt, Galeria, Alexandra Schwarz, Goerlich, Mattias Inverardi, Victoria Farr, Emma, Rachel More, Elisa Martinuzzi, Tomasz Janowski Organizations: Signa, REUTERS, Chrysler, Bank Austria, Femina, Chrysler Building, . Central Group, Globus, Selfridges, Central Group, Funke, Thomson Locations: Berlin, Germany, New, Britain's Selfridges, Innsbruck, Swiss, Vienna, Hamburg, KaDeWe, Oberpollinger, Munich, Vienna's, Tyrol, Essen, Duesseldorf, London, Switzerland

☆ Op-ed: Europe is leaving a void in a multipolar world
▼ + stars: | 2023-11-30 | by ( Kevin Klowden | Chief Global Strategist At The Milken Institute | ) www.cnbc.com time to read: +5 min

The Russian invasion of Ukraine only three months later served to provide an immediate driver for greater political unity within Europe. China, Russia and even the United States under Donald Trump have expressed dissatisfaction with institutions such as the World Trade Organization, the G7 and the United Nations. watch nowThe void is particularly apparent at the WTO, where the lack of European leadership on trade as the U.S. turned inward is particularly felt. Perhaps nothing shows the consequences of the lack of European strength in preserving these institutions than the Russian invasion of Ukraine. However, the combination of a split over Ukraine, and internal divisions within Europe, have prevented any way for Europe to play a key role with China.

Persons: Emmanuel Macron, Ursula von der Leyenââ, Pedro Sanchez Perez, Klaus Iohannis, Chancellor, Germany, Olaf Scholz, Charles Michel, Dursun, Angela Merkel, Donald Trump, Vladimir Putin, Merkel, Ursula von der Leyen, Xi Jinping Organizations: European Commission, European, European Union, Anadolu Agency, Getty, World Trade Organization, United Nations, WTO, EU, NATO, APEC Locations: Spain, Romania, Brussels, Belgium, United States, China, Europe, Russia, Ukraine, Israel, U.S, Germany, Moscow, India, Southeast Asia, EU, East, Africa

☆ German export sentiment improves in November - Ifo
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +1 min

A cargo ship is seen on river Main in front of the skyline during a summer evening in Frankfurt, Germany, August 13, 2023. REUTERS/Kai Pfaffenbach/File Photo Acquire Licensing RightsNov 27 (Reuters) - Sentiment among German exporters improved in November, although only a few sectors expected exports to increase, according to a survey by the Ifo economic institute released on Monday. The institute's export expectations indicator rose to minus 3.8 points in November from minus 6.3 points in October. "However, the export economy still isn't managing to develop any momentum," Klaus Wohlrabe, head of surveys at Ifo, said. "German companies have yet to benefit much from the economic upswing in many countries," he added.

Persons: Kai Pfaffenbach, Klaus Wohlrabe, Amir Orusov, Rachel More Organizations: REUTERS, Thomson Locations: Frankfurt, Germany, Ifo

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