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Investors who had been betting on yield curve steepening after the Fed statements scrambled to cover those trades. U.S. 10-year government bond yield fell 3 basis points to 1.48% in London trade. Germany’s 10-year government bond yield, the bloc’s benchmark, was down 2 basis points to -0.21%. Periphery bond prices continued to underperform core bonds as they have benefited most from the ultra-accommodative monetary policy to avoid the pandemic’s adverse economic impact. Italy’s 10-year government bond yield was flat at 0.828%.
Persons: ” Andrea Ponti, , Andreas Rees, Jerome, Powell’s, George Saravelos, won’t, ” Saravelos Organizations: Federal Reserve, Treasury, Kairos Partners, ECB, Deutsche Bank Locations: MILAN, U.S, London, German
* Euro zone periphery government bond yields (Recasts, adds comment)MILAN, June 18 (Reuters) - German government bond yields recovered some losses while peripheral borrowing costs jumped on Friday, tracking an upward move in U.S. Treasuries after comments about U.S. inflation by a Federal Reserve official. U.S. 10-year government bond yields recovered some earlier losses and were down 1 basis point at 1.5%. Germany’s 10-year government bond yield, the bloc’s benchmark, was down 1 basis points at -0.20%. Italy’s 10-year government bond yield was up 4.5 bps at 0.872%. Portugal 10-year yields rose 2 basis points to 0.433%.
Persons: James Bullard, Bullard, “ Fed’s Bullard, ” Andrea Ponti, Jerome, Powell’s, , George Saravelos, won’t, ” Saravelos Organizations: Federal Reserve, Louis Federal Reserve, CNBC, Kairos Partners, , Deutsche Bank Locations: MILAN, U.S, ” St, ., Portugal
Lufthansa aims to repay state aid before German election - CEO
  + stars: | 2021-06-18 | by ( ) sentiment -0.99   time to read: +1 min
Planes of German air carrier Lufthansa are parked at Frankfurt airport in Frankfurt, Germany, June 2, 2020. REUTERS/Kai Pfaffenbach/File PhotoBERLIN, June 18 (Reuters) - Lufthansa (LHAG.DE) wants to repay state aid it received during the pandemic before Germany's federal election in September if possible, the airline's chief executive said on Friday. "We were one of the first companies to be rescued by the federal government. We also want to be one of the first companies to pay back the rescue funds - hopefully before the federal election. We are working on that," Chief Executive Carsten Spohr told an aviation conference.
Persons: Kai Pfaffenbach, Carsten Spohr, Ilona Wissenbach, Caroline Copley Organizations: Lufthansa, REUTERS, Thomson Locations: Frankfurt, Germany
German Christian Democratic Union Party Chairman Armin Laschet briefs the media after a meeting of the party's board at the headquarters in Berlin, Germany May 3, 2021. read moreTwo polls on Wednesday showed the conservatives seven and eight points respectively ahead of the Greens, whose leaders acknowledge they have been through a difficult period. "The Greens have not governed in recent years and therefore have nothing to do with the exit from coal," he said. The latest polls would not give the CDU/CSU enough support to form a coalition with the FDP but point to just enough support for a CDU/CSU coalition with the Greens, or a Greens-led tie-up with the SPD and FDP. One Greens official expressed a clear preference for the latter scenario, asking: "If we can have the chancellery, why would we team up with the conservatives?".
Persons: Armin Laschet, Markus Schreiber, Angela Merkel's, Merkel, Silvia Breher, Carsten Nickel, Annalena Baerbock, Baerbock, Laschet, Bavarian Markus Soeder, Paul Carrel, Timothy Organizations: Christian Democratic Union Party, Polls, CSU, Greens Germany, Green Party, Greens, Christian Democratic Union, CDU, Bavarian Christian Social Union, Reuters, Social Democrats, Laschet, The Greens, Wednesday, Free Democrats, SPD, Timothy Heritage, Thomson Locations: Berlin, Germany, BERLIN, Europe's, Teneo, Ukraine, Laschet, Bavarian
Its capital city of Tallinn is home to NATO's cyber defense hub , the Cooperative Cyber Defence Centre of Excellence. The attack made Estonia realize that it needed to start treating cyber threats in the same way as physical attacks. It set up a "data embassy" in Luxembourg, a super secure data center that contains backups in case of an attack on Estonian territory. The country also became an early adopter of blockchain technology and established a new cyber unit within its voluntary Estonia Defense League. The NATO Cooperative Cyber Defence Centre of Excellence in Tallinn conducts research and training on cyber security.
Persons: Angela Merkel, King, Esther Naylor, Joe Biden, Vladimir Putin, Biden, Putin, Birgy Lorenz, Sotiris Tzifas, Tzifas, kindergarteners, Lorenz, Naylor, Merkel, Florian Marcus, Marcus, we've, it's Organizations: CNN, Cooperative Cyber Defence, of Excellence, United Nations Security, Chatham House, European Union, Wednesday, Tallinn University of Technology, Estonia Defense League, NATO, Technology, Trust, Cyber Intelligence, Colonial, Estonian, NATO Cooperative Cyber Defence, of, UN Security Council, Visitors Locations: German, Belgium, Estonia, Baltic, Tallinn, Europe, Estonian, Russia, Soviet, Moscow, Luxembourg, Coast, of Exellence, United Kingdom, Georgia, Belgian
German state of Bavaria in talks with Intel on chip megafactory
  + stars: | 2021-06-18 | by ( ) + 0.94   time to read: +1 min
U.S. chipmaker Intel Corp's logo is seen on their "smart building" in Petah Tikva, near Tel Aviv, Israel. REUTERS/Amir Cohen/File PhotoJune 18 (Reuters) - Germany's southern state of Bavaria is in talks with Intel (INTC.O) to build a European chip factory in a bid to counter supply bottlenecks that have hampered production in the automotive sector, the local economy minister said on Friday. read more"I strongly support this," said Economy Minister Hubert Aiwanger, whose state is home to luxury carmaker BMW (BMWG.DE). "The possible location of a large international semiconductor manufacturer in Bavaria is an outstanding opportunity." Bavaria has suggested a disused air base in Penzing-Landsberg, west of Munich as a possible location for the factory, Aiwanger said.
Persons: Amir Cohen, chipmaker, Hubert Aiwanger, Aiwanger, headwinds, Christina Amann, Zuzanna, Caroline Copley Organizations: Intel, REUTERS, BMW, European, Infineon, Thomson Locations: Petah Tikva, Tel Aviv, Israel, Bavaria, European, U.S, Europe, Penzing, Landsberg, Munich, European Union, NXP
Delta COVID variant becoming globally dominant, WHO official says
  + stars: | 2021-06-18 | by ( ) + 0.00   time to read: +3 min
A woman walks past an information sign amid the outbreak of the coronavirus disease (COVID-19) in Bolton, Britain, May 17, 2021. REUTERS/Phil Noble/File PhotoSummary Delta variant, first identified in India, fast becoming dominantWHO scientist had expected more from CureVac shot candidateAfrica trajectory 'concerning' amid dearth of vaccinesGENEVA, June 18 (Reuters) - The Delta variant of COVID-19, first identified in India, is becoming the globally dominant variant of the disease, the World Health Organization's chief scientist said on Friday. read moreBritain has reported a steep rise in infections with the Delta variant, while Germany's top public health official predicted it would rapidly become the dominant variant there despite rising vaccination rates. read moreThe Kremlin blamed a surge in COVID-19 cases on reluctance to have vaccinations and "nihilism" after record new infections in Moscow, mostly with the new Delta variant, fanned fears of a third wave. read more"The Delta variant is well on its way to becoming the dominant variant globally because of its increased transmissibility," Swaminathan told a news conference.
Persons: Phil Noble, CureVac, Soumya Swaminathan, Swaminathan, Mike Ryan, Ryan, John Miller, Giles Elgood, Catherine Evans, Michael Shields Organizations: REUTERS, Health Organization's, Kremlin, Pfizer, Moderna, WHO, Thomson Locations: Bolton, Britain, India, Africa, GENEVA, Moscow, German, Namibia, Sierra Leone, Liberia, Rwanda
New Israeli PM Bennett speaks to German counterpart Merkel
  + stars: | 2021-06-17 | by ( ) + 0.99   time to read: 1 min
Naftali Bennett, Prime Minister-designate, speaks at the Knesset, Israel's parliament, during a special session whereby a confidence vote will be held to approve and swear-in a new coalition government, in Jerusalem June 13, 2021. REUTERS/Ronen ZvulunJERUSALEM, June 17 (Reuters) - Israeli Prime Minister Naftali Bennett spoke to his German counterpart Angela Merkel on Thursday, expressing gratitude for Berlin's support for the security of Israel and inviting her to visit, his office said in a statement. Bennett, a nationalist who heads a cross-partisan coalition government, succeeded conservative former Prime Minister Benjamin Netanyahu this week. Writing by Dan Williams; Editing by Alison WilliamsOur Standards: The Thomson Reuters Trust Principles.
Persons: Naftali Bennett, Angela Merkel, Bennett, Benjamin Netanyahu, Dan Williams, Alison Williams Organizations: REUTERS, Thomson Locations: Jerusalem, Ronen, JERUSALEM, Israel
Germany's Green party candidate for chancellor Annalena Baerbock holds her book "Jetzt: Wie wir unser Land erneuern" during its presentation at House of the World's Cultures (HKW), an exhibition house, in Berlin, Germany, June 17, 2021. REUTERS/Annegret HilseBERLIN, June 17 (Reuters) - Germany's Greens candidate to succeed Angela Merkel as chancellor sought to boost her flagging election campaign on Thursday with a book launch and a call for a politics rooted in teamwork and taking the long view. Presenting the 240-page book "Jetzt: Wie wir unser Land erneuern" ("Now: How we renew our country"), Annalena Baerbock described how she wants to govern Germany. With Merkel set to bow out after the election, Germany's policy path hinges on whether the Greens or conservatives win. read moreIf elected chancellor, Baerbock would be only the second woman and the first mother - she has two children - to hold Germany's most powerful office.
Persons: Germany's, Annalena Baerbock, Wie, Hilse, Angela Merkel, Baerbock, Moses, Merkel, Christian Kraemer, Paul Carrel, Gareth Jones Organizations: Germany's Green, REUTERS, Germany's Greens, Greens, Social, London School of Economics, Reuters, Thomson Locations: Berlin, Germany, Hilse BERLIN, Ukraine, Russian
Novavax — After CureVac reported disappointing results from a study of its Covid-19 vaccine, shares of Novavax added 2%. The Honest Company — The Honest Company's stock dropped 9% following the baby and beauty store's first earnings report. The company reported first-quarter revenue of $81.0 million compared with analysts' estimate of $79.3 million, according to Refinitiv. Kroger — The supermarket chain's stock rose over 4% after it reported earnings, lifted its profit guidance and dialed up buybacks. Fisker — Shares of the auto company rose more than 2% midday after finalizing a long-term manufacturing agreement with Magna International.
Persons: Novavax, CureVac, Guggenheim, Jefferies, Mark Lipacis, Lennar, Danaher, Kroger, — CNBC's Hannah Miao, Maggie Fitzgerald Organizations: The Honest, Nvidia —, Nvidia, Moderna, Magna International Locations: Tianjin, China, German, Novavax, CUDA, U.S, Graz, Austria
German minister in talks with Tesla over sharing supercharger network
  + stars: | 2021-06-16 | by ( ) sentiment -0.98   time to read: +1 min
Tesla electric vehicles are charged at a Tesla Supercharger charging station in Hanam, South Korea, July 6, 2020. REUTERS/Kim Hong-Ji//File PhotoFRANKFURT, June 16 (Reuters) - Germany's transport minister is trying to convince Tesla (TSLA.O) to open its network of superchargers to other carmakers to make it easier for drivers of electric vehicles to charge. "I am in direct talks with carmakers such as Tesla to make sure the existing infrastructure, for example Tesla's Superchargers, will be open to other manufacturers," he was quoted saying. Tesla currently operates more than 1,000 charging spots in Germany. In total, Germany has about 40,000 public charging spots currently, according to energy industry group BDEW.
Persons: Kim Hong, Tesla, Andreas Scheuer, Tesla's, Christoph Steitz, Elaine Hardcastle Organizations: REUTERS, Neue Osnabruecker, Thomson Locations: Hanam, South Korea, FRANKFURT, Germany
FILE PHOTO: A man walks past the logo of Deutsche Telekom AG at the headquarters of German telecommunications giant in Bonn, Germany, February 19, 2019. Deutsche Telekom, Germany’s main telecoms company, has come under increasing pressure to act quickly as the coronavirus pandemic has forced more people to work from home and rely on fast, stable internet connections. Deutsche Telekom, Deutsche Bank and the prospective bidders all declined to comment. However, it is already saddled with 130 billion euros of debt and is now selling businesses to reduce the pile. Warburg Pincus, which employs former Deutsche Telekom CEO Rene Obermann, came close to buying the business in 2015.
Persons: Wolfgang Rattay, Belgium’s Elia, KfW, Tim Hoettges, Dominique Leroy, Morgan Stanley, Warburg Pincus, Xavier Niel, Rene Obermann Organizations: Deutsche Telekom, Deutsche Telekom AG, REUTERS, Reuters, Deutsche Telecom, Deutsche Bank, Deutsche, Spain’s Telefonica, Mobile, Macquarie, Investment, Grid, Telefonica, Allianz, Deutsche Telekom Chief, KKR, EQT Locations: FRANKFURT, Bonn, Germany, Spain, Brookfield, CDPQ, Mobile Netherlands, China, 50Hertz, Sweden, Italy
German conservatives extend poll lead ahead of September election
  + stars: | 2021-06-16 | by ( ) + 0.00   time to read: +2 min
The Greens surged ahead of the conservatives in polls in late April after they picked Annalena Baerbock as their candidate to run for chancellor, with her pitch for a "new start" capturing voters' imagination. An Allensbach poll put support for the conservatives at 29.5%, the Greens on 21.5%, and the SPD on 17%. With Merkel set to bow out after the Sept. 26 election, Germany's policy path hinges on whether the Greens or conservatives win. read moreThe latest polls would not give the CDU/CSU enough support to form a coalition with the FDP, their preferred partner. But the surveys point to just enough support for a CDU/CSU coalition with the Greens, or a Greens-led tie-up with the SPD and FDP.
Persons: Angela Merkel, Monika Gruetters, John MacDougall, Angela Merkel's, Annalena Baerbock, pollster Forsa, Linke, Merkel, Baerbock, Paul Carrel, Chizu Organizations: Federal, Culture, Media, REUTERS, Greens, Social Democrats, RTL, ntv, SPD, Free Democrats, Russia, Merkel's Christian Democrats, CDU, Bavarian Christian Social Union, CSU, Thomson Locations: Berlin, Germany, REUTERS BERLIN, Ukraine, Europe's
German battery sales rise on demand for electric cars - ZVEI
  + stars: | 2021-06-16 | by ( ) sentiment -0.97   time to read: +2 min
REUTERS/Joyce Zhou/File PhotoFRANKFURT, June 16 (Reuters) - Growth in Germany's battery sector doubled to 35% last year led by demand for lithium-ion batteries for electric cars, data showed on Wednesday. "Sales especially of lithium-ion batteries have grown enormously," said Christian Eckert from electronic industry ZVEI, in a call with reporters. Turnover in the overall battery market in 2020 stood at 5.9 billion euros ($1.09 billion), with the lithium-ion segment seeing growth of 63% to 3 billion euros. Lithium-ion batteries are also used in medical equipment, smartphones, power tools and electric bikes. ZVEI said that most lithium-ion cells were imported from Asia into Germany.
Persons: Joyce Zhou, Christian Eckert, ZVEI, Vera Eckert, Alexandra Hudson Organizations: REUTERS, Volkswagen, EV, Alexandra Hudson Our, Thomson Locations: Dongguan, Guangdong province, China, FRANKFURT, Asia, Germany, Poland, Europe
A man walks past the logo of Deutsche Telekom AG at the headquarters of German telecommunications giant in Bonn, Germany, February 19, 2019. Deutsche Telekom, Germany's main telecoms company, has come under increasing pressure to act quickly as the coronavirus pandemic has forced more people to work from home and rely on fast, stable internet connections. Deutsche Telekom, Deutsche Bank and the prospective bidders all declined to comment. However, it is already saddled with 130 billion euros of debt and is now selling businesses to reduce the pile. Warburg Pincus, which employs former Deutsche Telekom CEO Rene Obermann, came close to buying the business in 2015.
Persons: Wolfgang Rattay, Belgium's Elia, ELI.BR, Tim Hoettges, Dominique Leroy, Morgan Stanley, Warburg Pincus, Xavier Niel, Rene Obermann, John O'Donnell, David Clarke Organizations: Deutsche Telekom AG, REUTERS, Deutsche Telekom, Reuters, Deutsche Telecom, Deutsche Bank, Deutsche, Spain's Telefonica, Mobile, Macquarie, Investment, Grid, Telefonica, Allianz, Deutsche Telekom Chief, Mobile U.S, KKR, Thomson Locations: Bonn, Germany, FRANKFURT, Spain, Brookfield, Mobile Netherlands, China, 50Hertz, Sweden, Italy
Beijing also warned against “meddling in China’s internal affairs” after Japan said it was donating 1.2 million AstraZeneca doses to Taiwan. Chinese officials were similarly peeved this month when three U.S. senators visited the island to announce a donation of 750,000 doses. On Tuesday, Taiwan said 28 Chinese military aircraft entered the island’s southwestern air defense identification zone, the largest such show of force in months. As Covid infections have spread in Taiwan, Chinese representatives have accused the island’s leaders of putting politics above health by refusing to accept Chinese-made vaccines. Chinese state news media has underlined the point by highlighting the “Taiwan compatriots” who have gotten vaccinated in China.
Persons: , Lee Che, chuan, Lee Organizations: Institute for National Defense and Security Research, Taiwan’s, AstraZeneca, Moderna Locations: Beijing, Japan, Taiwan, China,
Staunchly Catholic Poland has also clashed with Brussels over its stance on cultural issues including LGBT+ rights. RTL said Hungary's new law could provide grounds for banning family favourites from from prime time TV because they touch on homosexuality in some manner. RESTRICTIONS"Based on this, works like 'Billy Elliott', 'Philadelphia', 'Bridget Jones' Diary', or even some Harry Potter films would only be shown late at night," RTL said. The law will cause significant harm to the media business and makes it more difficult for all Hungarians to access certain kinds of content, the broadcaster added. Critics have drawn a parallel between Hungary's legislation and Russia's 2013 law that bans disseminating "propaganda on non-traditional sexual relations" among young Russians.
Persons: Harry Potter, Viktor Orban's, Orban, Billy Elliott, Bridget Jones, WarnerMedia, Mark Lakatos, Critics, RTUK, Marton Dunai, Gareth Jones Organizations: RTL, EU BUDAPEST, European Union, Fidesz, HBO, SPI, Networks, Catholic, Reuters, Viacom, Netflix, Hungarian Association, Thomson Locations: EU, Hungary, German, Catholic Poland, Brussels, Philadelphia, Turkey
CureVac stock plunged 50% in extended trading Wednesday after the German biopharmaceutical company released preliminary efficacy results for its Covid-19 vaccine candidate that failed to meet success criteria. The vaccine candidate demonstrated an interim efficacy of 47% against Covid-19 disease "of any severity," according to a press release. "As we are continuing toward the final analysis with a minimum of 80 additional cases, the overall vaccine efficacy may change." CureVac is also working on a separate Covid vaccine candidate in partnership with GlaxoSmithKline. The companies expect to enter clinical testing on that candidate in the third quarter of 2021, CureVac said Wednesday.
Persons: Franz, Werner Haas, CureVac Organizations: CureVac, Covid, GlaxoSmithKline Locations: Brussels, Belgium, German, South America
Optimistic that we'll finally have Boeing-Airbus deal: Trade expert
  + stars: | 2021-06-15 | by ( ) sentiment -0.62   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOptimistic that we'll finally have Boeing-Airbus deal: Trade expertJacob Kirkegaard, senior fellow at the German Marshall Fund of the United States, discusses the U.S.-EU summit and the prospect of resolving long-standing trans-atlantic trade disputes.
Persons: we'll, Jacob Kirkegaard Organizations: Boeing, Airbus, German Marshall Fund of Locations: United States
German business lobby group defends its mocking of Greens leader
  + stars: | 2021-06-15 | by ( Paul Carrel | ) + 0.00   time to read: +3 min
In its campaign, lobby group INSM attacks the Greens' policies to steer Germans into electric cars and onto trains instead of domestic flights. But its portrayal of Baerbock as Moses has met criticism and accusations of anti-Semitism. read moreBaerbock has since faced repeated attacks online, including a picture supposedly showing her naked that flooded social media. At a weekend conference to agree the Greens' election manifesto, Baerbock said the party would seek to support German industry in cutting carbon emissions by ensuring the state helps meet any additional costs companies incur. read moreAn INSA poll published on Monday showed support for the Greens slipping to 19.5%, behind Merkel's conservative alliance on 27.5%.
Persons: Annalena, Germany's, Axel Schmidt, Merkel's, Annalena Baerbock, Moses, Baerbock, Chancellor Angela Merkel's, INSM, Merkel, Paul Carrel, Alexandra Hudson Organizations: REUTERS, Greens, London School of Economics, Alexandra Hudson Our, Thomson Locations: Berlin, Germany, BERLIN, Russian, Ukraine
And, after The New York Times dared to defend its editorial board member, former President Donald Trump’s acting director of national intelligence, Richard Grenell, tweeted: “Dear God....the @nytimes justifies mocking the American flag because Donald Trump likes the American flag. It’s easy for some to dismiss such conflation of the American flag with racism as overwrought. When an unarmed young Jewish man rushed onstage, he was viciously beaten by attendees before police took him away. The American flag as a weapon, wielded against an American. Such hijacking of the American flag by people who rightly evoke our disgust should make clear that it’s a mistake to treat the flag as a sacrosanct object.
Persons: Woodrow Wilson, Mara Gay’s, , Gay, Joe Biden, Donald Trump’s, Richard Grenell, Donald Trump, ” Gay hadn’t, , Hitler, George Washington, It’s, Samuel Johnson, ” Johnson, Trump’s Organizations: New York Times, MSNBC, The New York Times, Nazi, Madison, German American Bund, “ Rangers, Detroit, of Christian America, Glory Locations: America, West, Nazi Germany, Poland, Madison Square, Boston, Charlottesville , Virginia, British
"Arizona's decision to employ Zyklon B gas as a means of execution defies belief," the committee said in a statement last week. It's unclear why the Arizona Department of Corrections, Rehabilitation and Reentry has appeared to revive the gas chamber option for executions. Since 1976, gas chamber executions have been used 11 times by various states, including California and Mississippi, according to the nonpartisan Death Penalty Information Center. The use of cyanide gas on LaGrand, a German citizen, stoked outrage in his home country, which has no death penalty. In recent years, state executions have remained at record lows amid a shortage of lethal injection drugs and waning public support for capital punishment.
Persons: Janice, Friebaum, We're, Don Harding, Walter LaGrand, gasped, Mark Brnovich, Brnovich, Doug Ducey, Henry McMaster, who's, Jim Belanger, Harding, Harding writhed, Belanger Organizations: Phoenix Holocaust Association, American Jewish Committee, Guardian, Arizona Department of Corrections, Rehabilitation, NBC News, Republican, U.S, Senate, Gov, Associated Press, Arizona Supreme, South Carolina Gov, AP Locations: Nazi, Treblinka, Arizona, Florence, Phoenix, Auschwitz, California, Mississippi, German, Arizona's Constitution, Texas, Alabama, Tempe
Exclusive: German battery group BMZ plans September IPO, sources say
  + stars: | 2021-06-14 | by ( Arno Schuetze | ) sentiment -0.89   time to read: +2 min
FRANKFURT (Reuters) - German battery group BMZ is preparing for a Frankfurt stock market listing as early as September with a targeted valuation of about 2 billion euros ($2.4 billion), sources close to the matter told Reuters. BMZ is working with Citi, JP Morgan and Berenberg on the initial public offering (IPO), which will sell shares worth about 500 million euros, the sources said. In 2020 the company posted revenues of about 400 million euros and expects significant growth this year, catching up on some projects that were delayed by the COVID-19 pandemic. BMZ, based in Karlstein near Frankfurt, takes 300 million battery cells each year to assemble battery systems for industrial clients such as forklift maker Kion, medical device maker Philips and gardening tools maker Stihl. Europe’s largest battery system maker was founded by entrepreneur Sven Bauer in 1994 and now employs about 3,000 staff at seven sites in Europe, the United States and Asia.
Persons: JP Morgan, Berenberg, Akasol, Sven Bauer Organizations: Reuters, Citi, Philips Locations: FRANKFURT, Frankfurt, Karlstein, Europe, United States, Asia
German eyewear retailer plans Frankfurt IPO
  + stars: | 2021-06-14 | by ( Reuters Staff | ) sentiment -0.96   time to read: +2 min
The company sells glasses, shades and contact lenses online, working with local opticians for eyesight tests. In 2020, it reported gross profit of 81 million euros on sales of 164 million euros. Mister Spex said it plans to use the proceeds to accelerate its growth strategy, expand internationally and repay a bridge loan facility, as well as invest in technology. Mister Spex is owned by Graber and co-chief executive Mirko Caspar and investors, including Goldman Sachs, DN Capital, Scottish Equity Partners and XAnge. Earlier this year, it attracted 15 million euros in new money on top of a 65 million euro fundraising it closed in autumn of 2020.
Persons: Mister Spex, , Dirk Graber, Mirko Caspar, Goldman Sachs, Jefferies, Bryan Garnier, Commerzbank, Quirin Privatbank, Caroline Copley, Louise Heavens Organizations: Graber, DN Capital, Scottish Equity Partners, Barclays, Berenberg Locations: Frankfurt, Q3 BERLIN, Berlin
Taiwan says will be ‘force for good’ after unprecedented G7 support
  + stars: | 2021-06-14 | by ( ) + 0.99   time to read: +2 min
Leon Neal/Pool via REUTERSTaiwan will be a “force for good” and continue to seek even greater international support, the presidential office said, after the Chinese-claimed island won unprecedented backing from the Group of Seven of major democracies. Taiwan and G7 member countries share basic values ​​such as democracy, freedom, and human rights, he added. Taiwan will continue to deepen its partnership with G7 states and other like-minded countries and strive for greater support from the international community, he said. Taiwan will also "firmly contribute the greatest force for good" for peace, stability, and prosperity in the Indo-Pacific region, Chang added. While most countries, including G7 members, have no formal diplomatic ties with Taiwan, the grouping along with other Western allies have been bolstering their backing for the island.
Persons: Boris Johnson, Joe Biden, Emmanuel Macron, Justin Trudeau, Scott Morrison, Angela Merkel, Cyril Ramaphosa, Moon Jae, Leon Neal, Xavier Chang, Chang Organizations: British, Canadian, Australia's, REUTERS, Sunday, World Health Organization, Thomson Locations: U.S, German, Carbis Bay, Cornwall, Britain, REUTERS Taiwan, China, Xinjiang, Hong Kong, Taiwan Strait, Taiwan
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