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Search resuls for: "Eastern Europe"


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(Reuters) - Dutch insurer Aegon said on Sunday it will sell its Central and Eastern European business to Vienna Insurance Group for 830 million euros as it seeks to raise cash to better cope with the fallout of the coronavirus crisis. Aegon has agreed to sell its insurance, pension and asset management business in Hungary, Poland, Romania and Turkey, it said in a statement. The transaction is expected to close in the second half of 2021.
Organizations: Reuters, Aegon, Vienna Insurance Group Locations: Eastern, Hungary, Poland, Romania, Turkey
Aegon to sell Central and Eastern European business to Vienna Insurance
  + stars: | 2020-11-29 | by ( Reuters Staff | ) www.reuters.com sentiment -0.91   time to read: +1 min
(Reuters) - Dutch insurer Aegon said on Sunday it would sell its Central and Eastern European business to Vienna Insurance Group for 830 million euros ($993 million) to raise cash to cope with the fallout from the coronavirus crisis. Aegon said it had agreed to sell its insurance, pension and asset management business in Hungary, Poland, Romania and Turkey. “This transaction will simplify Aegon’s footprint and strengthen our balance sheet,” Aegon Chief Executive Officer Lard Friese said in a statement. In October, Reuters reported that the Dutch insurer had put its Eastern European business up for sale and was working with JPMorgan on the process. Aegon provides life and general insurance in Hungary, where it began working in 1992 with the acquisition of former state-owned insurer Állami Biztosító.
Persons: Friese Organizations: Reuters, Aegon, Vienna Insurance Group, Eastern, JPMorgan, Állami Locations: Eastern, Hungary, Poland, Romania, Turkey, Central, Eastern Europe, United States
(Reuters) - Vienna Insurance Group will buy Dutch insurer Aegon’s Central and Eastern European business for 830 million euros ($993 million), cementing Vienna’s regional lead and raising cash for Aegon to cope with the coronavirus crisis. In 2019, the assets generated a net profit of around 50 million euros with around 1,650 employees, it added. Aegon announced the deal, which is set to close in the second half of 2021, on Sunday. “The acquisition of the Central and Eastern European business of Aegon is an important step for our group to sustainably strengthen our leading position in CEE and to take advantage of new opportunities,” VIG Chief Executive Elisabeth Stadler said in a statement. “The portfolios of the companies included in the scope of the transaction perfectly complement our existing units and strengthen our diversification in these countries.
Persons: VIG, , Elisabeth Stadler, Friese Organizations: Reuters, Vienna Insurance, Aegon’s, Aegon, Central, ” Aegon, Eastern, JPMorgan Locations: Eastern, Hungary, Poland, Romania, Turkey, United States
Three European officials told Insider that President-elect Joe Biden, when in office, could pressure Germany to drop its Nord Stream 2 pipeline project with Russia. Nord Stream 2, which would transport natural gas from Russia to Western Europe, cost 10 billion euros to build. European security officials and diplomats expect President-elect Joe Biden to kill the existence of Nord Stream 2, the unfinished pipeline that aims to carry natural gas from Russia to northern Germany. Mukran port in Germany, where some Nord Stream 2 pipes are stored. The arrangement surrounding the existing Nord Stream pipeline requires Russia to send natural gas to Western marks via Eastern European pipelines — an act that limits Russia's ability to threaten gas shortages to some nations.
Persons: Joe Biden, Vladimir Putin, Biden, Ukraine —, Stefan Sauer, Donald Trump, Putin, , Angela Merkel's, Merkel, Getty, Biden's, " Merkel, Andreas Gebert, It's Organizations: EU, Western, Getty, Trump, Nord Locations: Germany, Russia, Nord, Western Europe, Russian, Eastern, Ukraine, German, Eastern Europe, EU, Brussels, Europe, Berlin, Baltic
Microsoft operates in 170 countries and is one of the best places to work in 2020, according to the company review site Glassdoor . Business Insider spoke to a newbie at the tech giant and former employees in Europe about what a candidate needs to get hired. Each candidate is screened by recruiters, their potential boss, and the wider team they will work with. Don't give lots of detail about previous roles just because you enjoyed them, said Zach Jones, a Microsoft support engineer hired in September. I don't have a college degree in this [support engineering], and that's okay, that's not necessarily what they [Microsoft's recruiters] are looking for," Jones said.
Persons: , Deborah Harding, Harding, Zach Jones, Jones, haven't, that's, Pant, Charul Pant, didn't, Satya Nadella, Microsoft Zach Jones, you'd, you've, it's, Microsoft's Zach Jones Organizations: Microsoft, Business, Central, US Marine Corps, Dojo, London Business School Locations: Europe, Eastern Europe, Eastern
As the pandemic rages, Hungary ramps up anti-LGBTQ legislation
  + stars: | 2020-11-23 | by ( Dan Avery | ) www.nbcnews.com + 0.00   time to read: +11 min
A constitutional amendment before the Hungarian Parliament would effectively ban LGBTQ people from adopting, drawing the ire of human rights activists. Senior party officials even called for a boycott of Coca-Cola when it launched an LGBTQ-inclusive ad campaign that summer. These measures come as Hungary, like the rest of the world, is battling a deadly pandemic. Tamás Dombos, a board member for the Hatter Society, Hungary’s oldest and largest gay rights group, said the timing is strategic. Just days after Hungary announced the latest proposed amendments, the European Union's executive commission announced its first formal strategy to protect the rights of LGBTQ citizens.
Persons: Judit Varga, , Family Affairs Katalin, , Viktor Orban, John Thys, Viktor Orbán’s, ” Orbán, László, Kövér, Orbán, Ákos, who’s, ” Dombos, Dombos, Dorottya, Boldizsár Nagy, Redai, hasn’t, Novák, Gergely Karácsony, can’t, it’s, Vera Jourova, Francois Lenoir, Varga, they’ve Organizations: Family Affairs, Fidesz, Hungarian National Assembly, Coca, Human Rights Watch, Hatter Society, NBC News, Rights Watch, ” Budapest, Aryan Greens, E.U, Hungary's, EU General Affairs Council, Jan, Twitter, European Union, ” Fidesz, Facebook Locations: Hungarian, Brussels, Europe, Hungary, Budapest, Eastern Europe, Germany, Poland, European, Roma
Eastern Europe crosses over 5 million COVID-19 cases: Reuters tally
  + stars: | 2020-11-21 | by ( Shaina Ahluwalia | ) www.reuters.com sentiment -0.88   time to read: +1 min
REUTERS/Tatyana Makeyeva/File Photo(Reuters) - The tally of coronavirus cases in the Eastern European sub-region passed 5 million on Saturday, a Reuters tally showed, as governments across Europe take measures to try to rein in surging cases. The region, which comprises Belarus, Bulgaria, Czech Republic, Hungary, Poland, Moldova, Romania, Russia, Slovakia, and Ukraine, has the highest count of reported COVID-19 cases in Europe. Eastern Europe reported over 82,000 cases in a single day on an average in the last week, while adding over 1,500 deaths daily on average. Russia, Poland, and Ukraine are among the top 20 countries with the most cases in the world. Europe has so far reported over 15 million COVID cases, making it the region with the highest number of cases.
Persons: Tatyana Makeyeva Organizations: REUTERS, Eastern, Reuters Locations: Tver, Russia, Europe, Belarus, Bulgaria, Czech Republic, Hungary, Poland, Moldova, Romania, Slovakia, Ukraine, Eastern Europe, United States, India, Brazil, France, Latin America
Europe's COVID-19 cases surpass 15 million mark - Reuters tally
  + stars: | 2020-11-20 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +2 min
Europe has so far witnessed at least 15,046,656 reported infections and 344,401 reported deaths caused by the novel coronavirus, accounting for a quarter of global infections and deaths reported. While it took the region nearly nine months to record its first 5 million cases, the next 10 million cases were reported in less than two months, according to a Reuters analysis. With just one-tenth of the world’s population, Europe accounts for 26% of the global case load of 56.9 million and 25% of the 1.3 million deaths worldwide. France and Russia now account for roughly 27% of the total cases in Europe, according to Reuters tally. Within the region, Eastern Europe has roughly one-third of total cases in Europe and 24% of deaths in reported in the region.
Organizations: Reuters Locations: Europe, France, Russia, United States, India, Brazil, Eastern Europe, Czech Republic, Poland, Ukraine, United Kingdom
The 71st National Book Awards ceremony — which was virtual — has wrapped up, having announced five winners across the National Book Foundation's five categories: Fiction, Nonfiction, Poetry, Translated Literature, and Young People’s Literature. The National Book Foundation's winners for the 2020 National Book Awards — as well as the finalists — will cater to seasoned readers and budding book-lovers alike. SKIP AHEAD Finalists in Fiction | Nonfiction | Poetry | Translated Literature | Young People’s LiteratureNational Book Awards winners 2020Here are the five National Books Awards winners. To give you some context on each book, we’re including its Goodreads average rating and the National Book Foundation synopsis of the material. To give you some context on each book, we’re including its Goodreads average rating and the National Book Foundation synopsis of the material.
Persons: Young, , Charles Yu, Willis Wu, Kung Fu Guy, Yu’s, Malcolm X ”, Les Payne, Tamara Payne, Malcolm X, Don Mee Choi, Ahn Hak, Choi, Yu Miri, Morgan Giles, Yu Miriand, King, Kacen Callender, Kingston James, Lisa Lucas, who’ll, Lucas, Roxane Gay, Rumaan Alam, Amanda, Clay, Lydia Millet, Deesha Philyaw, Deesha Philyawdraws, “ Shuggie Bain ”, Douglas Stewart, Shuggie Bain, Douglas Stuartis, Hugh “ Shuggie ” Bain, Karla Cornejo Villavicencio, Claudio Saunt, Jackson’s, Saunt, Carson McCullers, Jenn Shapland, Harry Ransom, Annemarie Schwarzenbach, Shapland, Jerald Walker, , Mei, Tommye Blount, Anthony Cody, Cody, Natalie Diaz, Natalie Diaz‘s, Anja Kampmann, Anne Posten, Jonas Hassen Khemiri, Alice Menzies, Farrar, Straus, Giroux, Jonas Hassen Khemiri’s, Pilar Quintana, Lisa Dillman, Adania Shibli, Elisabeth Jaquette, Traci Chee, Houghton Mifflin Harcourt, Traci Chee’s, Candice Iloh, Ada reckons, Omar Mohamed, Victoria Jamieson, Victoria Jamiesonand, Mohamed, Gavriel Savit Organizations: Young People’s, Norton & Company, Riverhead Books, Random, Tokyo, Young People's, Scholastic Press, Scholastic Inc, Schocken, Book Foundation, HarperCollins Publishers, Church, West Virginia University Press West Virginia University Press, Church Ladies, Grove Press, Harry, Ohio State University Press, Omnidawn, Graywolf, Macmillan Publishers, Houghton Mifflin, Houghton Mifflin Harcourt Goodreads, Dutton, Young, Kenyan, Knopf, NBC Locations: Chinatown, South Korea, United States, U.S, Tokyo, Hollywood, Brooklyn, Long, New York City, Glasgow, Indian, Texas, Swiss, Mexico, Houghton Mifflin Harcourt, Eastern Europe
Hits a Record 121,000 Daily Cases The coronavirus is leaving its mark on daily life across the country, with the number of new infections climbing in nearly every state. The university has reported 257 coronavirus cases since March. But cooler temperatures and caution about shopping amid surging coronavirus cases threaten those gains. —Eastern Europe confronts a growing surge in virus cases. Instead of the quarantine, the islands began accepting a preflight coronavirus test for entry under a program it is calling Safe Travels.
Persons: ‘ It’s, Taylor Glascock, fatalism, , , Matt Christensen, Mr, Christensen, Donald Trump, Joe Biden, Mike DeWine, “ It’s, Jeffrey Sather, Sather, Amanda Harper, Juliette Marie Foley, Foley, Harper, Julie Bosman, Audra D, Burch, Heather Ainsworth, “ selfishly, it’s, ” Dylan Brooks, Peter Kovalev, Arturo Casadevall, Matteo Porotto, Anne Moscona, Greg Baker, Wang Wenbin, Wang, Daniel Andrews, — Keith Bradsher, Emma Bubola, Ella Koeze, ” Diane Swonk, Grant Thornton, Andrew Testa, Steve Gremo, Boris Johnson, Vadim Ghirda, Klaus Iohannis, Mateusz Morawiecki, Viktor Orban, Peter Szijjarto, — Kit Gillet, Anatol Magdziarz, Monika Pronczuk, Caleb Jones, Avi Mannis, Landon Ton, , Ton, Koko, Chandan Khanna, Adriana Zehbrauskas, President Trump, Brandon Bell, Organizations: Health, Milwaukee . Credit, The New York Times, United, N.D, , Cleveland Clinic, Henry County Public Schools, Trinity Health, Syracuse University, New York Times, Times, Syracuse University —, Arizona State University, . Colleges, Universities, Getty, Johns Hopkins Bloomberg School of Public Health, Columbia University Medical, Erasmus Medical Center, Cornell University, University of Campania, National Institutes of Health, Columbia University Medical Center, Columbia University, Columbia, Agence France, Embassy, Labor Department, of Labor, of Labor Statistics, Economic Policy Institute, Senate, White, ., Associated, European Union, Hungarian, Doctors, Hawaiian Airlines, Pacific Islanders, Trump Locations: America, Milwaukee ., United States, Racine, Wis, Cleveland, Minot, Unionville , Conn, Ohio, ” In Ohio, Virginia, Henry, In Connecticut, N.C.A.A, Syracuse, A.S.U, New York, Netherlands, Italy, Beijing, China, Ethiopia, France, Russia, Bangladesh, Belgium, Britain, India, Philippines, Victoria, Melbourne, Germany, Chicago, England, London, Kent, Eastern Europe, Bucharest, Romania, Poland, Warsaw, Hungary, Honolulu, Hawaii, Waikiki, , Miami, Phoenix, Atlanta , Georgia, Phoenix . Arizona
NEW YORK/MILAN/LONDON/MELBOURNE (Reuters Breakingviews) - Corona Capital is a column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights. The $50 billion automaker’s adjusted earnings per share of $2.83 were over twice analysts’ estimate, according to Refinitiv. Over 80% of the S&P 500 Index members have now published third-quarter earnings, according to Refinitiv. U.S. health insurers have had a good pandemic, but Cigna’s third-quarter results show they will do fine afterwards, too. That implies Lufthansa’s day-to-day operations will have burnt through 2.1 billion euros by March.
Persons: Rebecca Cook, , Anna Szymanski, Richard Beales, Cigna, Robert Cyran, Jean, Pierre Mustier, UniCredit, Mustier, Lisa Jucca, Intesa Sanpaolo’s, Carlo Messina, Gabriele Galateri, Tosca ”, Giacomo Puccini, Morgan Stanley, Johnson, Aimee Donnellan, Tim Ford, Jeffrey Goldfarb, Carsten Spohr, Ed Cropley Organizations: Reuters, Corona, General Motors Warren Transmission, REUTERS, General Motors, North, La Scala, United, AstraZeneca, Credit Suisse, Johnson, pharma, Treasury Wine Estates, Down, Treasury, Deutsche Lufthansa’s, Lufthansa Locations: MILAN, MELBOURNE, Warren , Michigan, Covid, . U.S, U.S, Washington, Germany, Austria, Eastern Europe, La, China, Napa
(Reuters) - Europe’s new COVID-19 cases have doubled in five weeks, propelling the region on Sunday across the bleak milestone of 10 million total infections, according to a Reuters tally. REUTERS/Fabrizio Bensch/File PhotoJust last month, both Latin America and Asia reported over 10 million total cases in their regions. The United States alone has over 9 million cases with a rapidly accelerating outbreak. While Europe almost took nine months to record its first 5 million COVID-19 cases, the next 5 million cases were reported in slightly over a month, according to a Reuters analysis. Russia is the worst-affected Eastern European country with over 1.6 million COVID-19 infections.
Persons: Fabrizio Bensch, Tatiana Golikova Organizations: Reuters, Intensive Care Unit, REUTERS, Germany, REUTERS, France Locations: Havelhoehe, Berlin, Germany, America, Asia, United States, Europe, France, United Kingdom, Portugal, Spain, Italy, Eastern Europe, Southern Europe, Russia, Berlin, Europe
LONDON/NEW YORK (Reuters) - Italian payments technology firm Nexi NEXII.MI is leading negotiations to buy Nordic rival Nets in an all-stock deal worth about $10 billion after trumping competition from U.S. firm Global Payments GPN.N, four sources told Reuters. The logo of Italian payments group Nexi is pictured inside their headquarters in Milan, Italy, March 28, 2019. Nexi, Nets, Hellman & Friedman and Global Payments declined to comment. While Fiserv immediately dropped out, Global Payments made an all-cash proposal that would have allowed Hellman & Friedman to fully cash out of Nets, the sources said. But earlier this week Global Payments decided to abandon the Nets deal.
Persons: Alessandro Garofalo, Hellman, Friedman, Patrick Healy, Fiserv, Jeff Sloan, , Nexi’s, they’re, France's Worldline, Nexi, Paolo Bertoluzzo, Patrick Healy Organizations: Nordic, Nets, Reuters, REUTERS, Credit Suisse CSGN.S, Hellman, Friedman, Global, U.S, Payments, Global Payments, Bain Capital, Advent International, Mercury, Centerview Partners, SIA, Cassa, CCV Schweiz SA, LONDON/NEW YORK (Reuters), Italy, Credit Suisse, Nexi, Nets, Hellman & Friedman, Centerview Partners Locations: U.S, Milan, Italy, Central, Eastern Europe, Copenhagen, Denmark, Germany, Poland, Europe, Milan
LONDON/NEW YORK (Reuters) - Italian payments technology firm Nexi NEXII.MI is leading negotiations to buy Nordic rival Nets in an all-stock deal worth about $10 billion after trumping competition from U.S. firm Global Payments GPN.N, four sources told Reuters. The logo of Italian payments group Nexi is pictured inside their headquarters in Milan, Italy, March 28, 2019. Nexi, Nets, Hellman & Friedman and Global Payments declined to comment. While Fiserv immediately dropped out, Global Payments made an all-cash proposal that would have allowed Hellman & Friedman to fully cash out of Nets, the sources said. But earlier this week Global Payments decided to abandon the Nets deal.
Persons: Alessandro Garofalo, Hellman, Friedman, Patrick Healy, Fiserv, Jeff Sloan, , Nexi’s, they’re, France's Worldline, Nexi, Paolo Bertoluzzo, Patrick Healy Organizations: Nordic, Nets, Reuters, REUTERS, Credit Suisse CSGN.S, Hellman, Friedman, Global, U.S, Payments, Global Payments, Bain Capital, Advent International, Mercury, Centerview Partners, SIA, Cassa, CCV Schweiz SA, LONDON/NEW YORK (Reuters), Italy, Credit Suisse, Nexi, Nets, Hellman & Friedman, Centerview Partners Locations: U.S, Milan, Italy, Central, Eastern Europe, Copenhagen, Denmark, Germany, Poland, Europe, Milan
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