DIRS.INFO The most relevant business & tech news

Analysts expect Temu, launched in September last year, to generate more than $16 billion in revenue this year. Chinese retail sales in September rose 5.5%, following 4.6% growth in August. PDD's revenue was 68.84 billion yuan ($9.62 billion) in the quarter ended Sept. 30, compared with analysts' average estimate of 54.59 billion yuan, according to LSEG data. The company's net income attributable to ordinary shareholders rose to 15.54 billion yuan in the third quarter, from 10.59 billion yuan a year earlier. ($1 = 7.1532 Chinese yuan renminbi)Reporting by Chavi Mehta in Bengaluru and Casey Hall in Shanghai; Editing by Shilpi Majumdar and Mark PotterOur Standards: The Thomson Reuters Trust Principles.

Persons: Temu, Xiaoyan Wang, Chavi Mehta, Shilpi Majumdar, Mark Potter Organizations: PDD Holdings, Pinduoduo, East, Alibaba, HK, Casey Hall, Thomson Locations: China, United States, Europe, East Asia, Australia, Bengaluru, Shanghai

Moscow aims to disrupt Ukraine's ability to export grain to world markets with a sustained campaign of attacks targeting Ukrainian Danube ports, and has attacked the port of Izmail four times this week, Ukrainian officials say. Across from Izmail, pieces apparently from a drone were found near the Romanian village of Plauru, Romanian Defense Minister Angel Tilvar said Wednesday. “In the first phase (of the war) things were calmer, but now it has come to our territory,” she said. “We are worried because nobody can guarantee that (a drone) won’t fall on our side of the river,” he said. Beyond trying to calm us down, the authorities can’t do much about it.”___Stephen McGrath reported from Sighisoara, Romania.

Persons: Angel Tilvar, Tilvar, Daniela Tanase, “, Klaus Iohannis, Iohannis, Mircea Franc, he’s, ”, Jens Stoltenberg, ” Stoltenberg, ” ___ Stephen McGrath, Lorne Cook Organizations: Romanian, European Union, Associated Press, Romania's Defense Ministry, EU, NATO Locations: BUCHAREST, Romania, Ukraine, Russian, NATO, Moscow, Izmail, Romanian, Plauru, European, Bucharest, Chilia Veche, Ukraine's, Danube Delta, Russia, ”, Sighisoara, Brussels

BUCHAREST, Romania (AP) — A two-day summit in Romania began on Wednesday that brings together 12 European Union member states situated between the Baltic, Black and Adriatic Seas, as the grouping of mostly formerly communist countries aim to boost ties and connectivity amid Russia’s war in Ukraine. The Three Seas Initiative, which is being held in the capital, Bucharest, brings together high-ranking officials from EU countries as well as representatives from partner countries and aims to improve interconnectivity in the transportation, energy, and the digital fields. Romanian Foreign Minister Luminita Odobescu tweeted Wednesday that she had “excellent discussions” with the U.S. assistant secretary of state for energy resources, Geoffrey Pyatt, about joint projects that aim to bolster regional energy security. On the sidelines of the event, Moldovan President Maia Sandu met Wednesday with Romanian Prime Minister Marcel Ciolacu. ___Stephen McGrath reported from Sighisoara, Romania.

Persons: Klaus Iohannis, isn’t, Luminita Odobescu, Geoffrey Pyatt, Odobescu, Iohannis, Maia Sandu, Marcel Ciolacu, Sandu, “, John Kerry, ___ Stephen McGrath Organizations: Union, Seas Initiative, U.S, EU, Romanian Locations: BUCHAREST, Romania, Black, Adriatic, Ukraine, Bucharest, Bulgaria, Hungary, Poland, Slovakia, Slovenia, Austria, Estonia, Croatia, Czech Republic, Latvia, Lithuania, Romanian, Moldova, Greece, Moldovan, Sighisoara

REUTERS/Andreea Campeanu/File Photo Acquire Licensing RightsSept 6 (Reuters) - Parts of what could be a Russian drone fell on Romanian territory, Romania's Defence Minister Angel Tilvar said on Wednesday, two days after Ukraine said Russian drones had detonated on the NATO member's land. Romanian officials had earlier denied reports of drones falling on Romanian territory and said Russian attacks in neighbouring Ukraine did not cause a direct threat. On Wednesday, Romanian President Klaus Iohannis said confirmation of the discovered parts belonging to a Russian drone would be a serious violation. "If it is confirmed that the components (found) belong to a Russian drone, such a situation would be inadmissible and a serious violation of Romania's sovereignty and territorial integrity," he said. Tilvar reiterated there was no direct threat and told Agerpres it was possible the drone did not explode upon impact but rather it simply fell or pieces landed on Romanian territory.

Persons: Andreea, Angel Tilvar, Klaus Iohannis, Tilvar, Iohannis, Agerpres, Alan Charlish, Luiza Ilie, Jason Hovet, Alexandra Hudson, Angus MacSwan Organizations: REUTERS, Romania's, NATO, CNN, Wednesday, Three Seas Initiative, Thomson Locations: Izmail, Plauru, Romania, Russian, Ukraine, Moscow, Ukraine's, Bucharest, Romania's, Poland, Ukrainian

Search resuls for: "Seas Initiative"

4 mentions found