DIRS.INFO The most relevant business & tech news

☆ Former Liberal Democrats leader on potential post-election tax rises
▼ + stars: | 2024-06-28 | 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 EmailFormer Liberal Democrats leader on potential post-election tax risesArabile Gumede spoke to Vince Cable, former leader of Britain's Liberal Democrats who served as Secretary of State for Business, Innovation and Skills in the coalition government with the Conservatives. He took questions on what role tax pledges are playing in this election.

Persons: Gumede, Vince Cable Organizations: Former Liberal, Britain's Liberal, State, Business, Innovation, Conservatives

☆ Sweden's central bank chief says 2 to 3 more rate cuts this year is a 'forecast not a promise'
▼ + stars: | 2024-06-27 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

"Two or three cuts is a forecast, it's not a promise, and we will adapt monetary policy according to incoming information," Thedéen told CNBC's Arabile Gumede. "Our inflation forecast is pointing to a good inflation outlook, we're still already now very close to our target and our forecast has pointed to 2% inflation in the coming months and years," Thedéen said. In order to deliver more rate cuts, "we don't need to have a super positive surprise, we need to have data coming in in-line overall. So I think that would be the main message," Thedéen told CNBC. Headline inflation in Sweden was 3.7% in May, slightly higher than the 3.5% forecast in a Reuters poll of economists.

Persons: Sweden's Riksbank, Erik Thedéen, Thedéen, CNBC's Arabile, we're Organizations: CNBC Locations: Norway, Swedish, Sweden

☆ Should central banks be cutting, holding or hiking rates? CNBC runs through the forecasts
▼ + stars: | 2024-06-20 | 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 EmailShould central banks be cutting, holding or hiking rates? CNBC runs through the forecastsCNBC's Steve Sedgwick and Arabile Gumede discuss the expectations for central bank action as interest rate outlooks differ around the world.

Persons: Steve Sedgwick, Arabile Gumede Organizations: CNBC

☆ Cybersecurity now a top priority for company boards, Okta CEO says
▼ + stars: | 2024-06-10 | 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 EmailCybersecurity now a top priority for company boards, Okta CEO saysThe CEO of Okta, Todd McKinnon, joins CNBC's Steve Sedgwick and Arabile Gumede to discuss data security.

Persons: Todd McKinnon, Steve Sedgwick, Arabile Gumede

☆ The market has 'completely missed' this critical AI chip stock, says fund manager
▼ + stars: | 2024-06-04 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Cadence Design Systems , a U.S. company that provides electronic design software to chip makers, has been "completely missed" by investors, according to Clare Pleydell-Bouverie, fund manager at Liontrust. Liontrust's Global Technology Fund , with $265 million in assets, is invested in both stocks with around 3.3% allocated to each as of April 30. "Cadence is going to be the key enabler of this, and that's been completely missed by the market." Pleydell-Bouverie also pointed out that Cadence benefits from a "dual growth driver" — companies designing more chips to bring AI capabilities to consumers and Cadence using AI to improve its own chip design process and efficiency. Analysts remain broadly bullish on the stock, however , with 67% rating it as a buy and 28% maintaining a hold rating.

Persons: Clare Pleydell, CNBC's Arabile, Bouverie, Blackwell, that's Organizations: Cadence Design Systems, Cadence, Liontrust's Global Technology Fund, Palladium, Nvidia Locations: U.S

☆ CNBC Pro Talks: Beyond Nvidia: Outperforming fund manager to reveal the AI stocks to buy
▼ + stars: | 2024-05-28 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +2 min

As the hype surrounding artificial intelligence shows no signs of abating, one tech fund manager is set to reveal her top ways to play the AI theme. On Wednesday's Pro Talks, Pleydell-Bouverie — who co-manages Lionstrust's global tech, innovation and dividend funds — will name companies that are "selling the picks and shovels for AI" and are "already making money." Pleydell-Bouverie manages the Liontrust Global Innovation, Liontrust Global Dividend and Liontrust Global Technology funds. Over the year to the end of March, all three funds have beaten their benchmark indexes, with the Liontrust Global Technology Fund rising 51.9%, compared to the MSCI World Information Technology Index's 39.1%. Learn more from our previous Pro Talks: Should investors buy the dip in Lululemon?

Persons: Clare Pleydell, Bouverie —, Bouverie Organizations: Liontrust, Management, Big Tech, Tech, Liontrust Global Technology, Liontrust Global Technology Fund, Technology, CNBC, Nvidia Locations: London, Singapore

☆ South Africa prepares for pivotal election that could see ANC lose its grip on power
▼ + stars: | 2024-05-28 | by ( Arabile Gumede | ) www.cnbc.com time to read: +1 min

President of the ruling African National Congress (ANC) and South African President, Cyril Ramaphosa at a rally on May 25, 2024 in Johannesburg, South Africa. Some 30 years on from the peaceful transition from apartheid rule to democracy, South Africa could once again be on the cusp of change. Since coming to power in South Africa's first democratic election in 1994, the African National Congress has focused on making inclusivity a core pillar of the country's economy. At the last national assembly election in 2019, turnout was 66%, already 7 percentage points lower than the previous vote. Even with the highest possible voter turnout, the ANC's result is expected to drop below 50%.

Persons: Cyril Ramaphosa, Nelson Mandela Organizations: National Congress, ANC, African, African National Congress Locations: Johannesburg, South Africa, South Africa's, Gauteng

☆ AstraZeneca targets $80 billion in total revenue by 2030 in 'post-Covid era'
▼ + stars: | 2024-05-21 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +2 min

Costfoto | Future Publishing | Getty ImagesLONDON — Pharmaceutical company AstraZeneca on Tuesday said it planned to increase its total revenue to $80 billion by 2030 — up 75% from $45.8 billion in 2023. AstraZeneca will focus on its oncology, biopharmaceuticals and rare diseases businesses and expects to release an additional 20 medicines in the next six years. "Many of them have the potential to be $5 billion drugs," Sarin noted. A company statement detailed that this revenue figure could be hit annually for many of the new medicines in peak years. "For the entire market to get replaced it will take time, but we think we have the technology today to start replacing them," Sarin told CNBC.

Persons: CNBC's Arabile Gumede Organizations: Astrazeneca, Artificial Intelligence, — Pharmaceutical, AstraZeneca, CNBC, U.S . FDA, Pharmaceuticals, Investments Locations: Shanghai, China, Europe, London, Singapore

☆ Arabile Gumede: Ambition is about stepping out of your comfort zone
▼ + stars: | 2024-05-09 | 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 EmailArabile Gumede: Ambition is about stepping out of your comfort zone"It's not always about the accolades." Squawk Box Europe Reporter Arabile Gumede shares what ambition means to her.

Persons: Arabile

☆ Success, not returns: Manchester United co-owner Jim Ratcliffe on his sole focus for the soccer club
▼ + stars: | 2024-02-23 | by ( Sam Meredith | Www.Linkedin.Com In Samuelmeredith | ) www.cnbc.com time to read: +1 min

Jim Ratcliffe of INEOS meets members of the press ahead of the Premier League match between Manchester United and Tottenham Hotspur at Old Trafford on January 14, 2024 in Manchester, England. New Manchester United co-owner Jim Ratcliffe said on Friday that return on investment had nothing to do with his decision to invest in the English soccer giant. Ratcliffe's comments come shortly after the British petrochemicals billionaire and INEOS chief executive finally completed a deal to buy a minority stake in Manchester United. The Glazer family, which have owned Manchester United since 2005, retain a majority stake under the terms of the agreement. "And also, we have moved into consumer markets, you know certainly automotive is a huge consumer market obviously, and the INEOS name wasn't particularly well known so, through sport, obviously people are getting to know INEOS," Ratcliffe said.

Persons: Jim Ratcliffe, INEOS, Ratcliffe, Glazer, CNBC's Arabile, That's, we've Organizations: Premier League, Manchester United, Tottenham Hotspur, Old, New Manchester United, Ratcliffe's Locations: Old Trafford, Manchester, England, New

☆ Global EV development: Here's what you need to know
▼ + stars: | 2024-02-21 | 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 EmailGlobal EV development: Here's what you need to knowCNBC's Eunice Yoon and Arabile Gumede report on EV development in China and Europe, the best-selling manufacturers and more.

Persons: Eunice Yoon, Arabile Locations: China, Europe

☆ Corona-maker AB InBev to have first beer sponsorship with the Olympics
▼ + stars: | 2024-01-12 | by ( Micah Washington | ) www.cnbc.com time to read: +1 min

Anheuser-Busch InBev has scored a sponsorship for the upcoming Olympic Games, making it the first beer brand to ever sponsor the event. Corona Cero, one of AB InBev's non-alcoholic beers, contains less than 0.5% alcohol by volume, according to the company's website. It has a "characteristic as a category that is incredible, which is beer is local," Doukeris said. Disclosure: CNBC parent NBCUniversal owns NBC Sports and NBC Olympics. NBC Olympics is the U.S. broadcast rights holder to all Summer and Winter Games through 2032.

Persons: Corona, Doukeris, CNBC's Arabile Gumede, Dylan Mulvaney, Bud Organizations: Anheuser, Busch InBev, Games, Olympic Committee, IOC, Corona Cero, InBev's, InBev, Bud Light, Modelo Especial, U.S ., CNBC, NBCUniversal, NBC Sports, NBC Olympics, NBC Locations: Los Angeles, U.S

☆ Dan Carter’s score prediction for the 2023 Rugby World Cup Final
▼ + stars: | 2023-10-27 | by ( Arabile Gumede | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDan Carter’s score prediction for the 2023 Rugby World Cup FinalFormer All Black star Dan Carter talks to CNBC's Arabile Gumede about the 2023 Rugby World Cup and gives his prediction on the score for the final.

Persons: Dan, Dan Carter, CNBC's

☆ Tencent investors Naspers and Prosus announce abrupt departure of CEO Bob van Dijk
▼ + stars: | 2023-09-18 | by ( Arabile Gumede | ) www.cnbc.com time to read: +2 min

Bob van Dijk Bloomberg | Bloomberg | Getty ImagesThe immediate and mutually agreed departure of Naspers and Prosus CEO Bob van Dijk underscores a complicated few years for a firm seen riding on the coattails of its holdings in Chinese tech giant, Tencent . The South African Reserve Bank gave Naspers the greenlight to begin buying back more of its shares from Prosus. 'Getting rid' of the cross holdingPrior to the current structure, Naspers (headquartered in South Africa) owned a third of Chinese internet giant Tencent Holdings. Van Dijk oversaw the decision to split off its holding of Tencent and other tech holdings into Prosus in 2019. But that crossholding offered little value to investors with van Dijk telling Reuters at the time: "They [shareholders] said we don't like this cross holding, it creates complexity.

Persons: Bob van Dijk, Naspers, Koos, Van Dijk, Prosus, crossholding, van Dijk, We've, we're, Erwin Tu, Tu, Goldman Sachs Organizations: Bob van Dijk Bloomberg, Bloomberg, Getty, South, Naspers, South African Reserve Bank, Tencent Holdings, Johannesburg Stock Exchange, Euronext, Reuters, Citi, SoftBank Group Locations: Dutch, Prosus, South Africa, Johannesburg, Naspers

☆ BMW, Mercedes launch biggest EV push yet to catch Tesla with new models
▼ + stars: | 2023-09-04 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +4 min

BMWMUNICH, Germany — BMW and Mercedes are making their biggest push yet into electric cars in a bid to fend off rising competition from Chinese players and catch up with U.S. giant Tesla . On Saturday, rival BMW showed off the "Vision Neue Klasse," another electric concept car that highlights the company's EV ambitions. This is the companies' biggest push yet toward a new platform for the electric vehicle era. Tesla commanded 20% of the global EV market in the second quarter, followed by 15% for BYD, according to Counterpoint Research. GTI Concept electric vehicle at the IAA show, and said a production version of the car is scheduled to hit the road in 2027.

Persons: Warren Buffett, BYD, Elon Musk's Tesla, Mercedes, Ola Kallenius, Kallenius, CNBC's Annette Weisbach, Oliver Zipse, CNBC's Arabile, Zipse, Daniel Roeska, Roeska, Tesla Organizations: BMW, IAA, BMW MUNICH, Mercedes, IAA Mobility, Benz, Analysts, Bernstein Research, CNBC, Tesla, BYD, Research, U.S ., EV, Volkswagen Locations: Munich, Germany, Tesla, China

☆ BMW unveils Vision Neue Klasse concept car as it touts the dawn of a new EV era
▼ + stars: | 2023-09-02 | by ( Sam Meredith | ) www.cnbc.com time to read: +1 min

German automaker BMW on Saturday launched a hotly anticipated electric concept car, saying the so-called "Vision Neue Klasse" represents the dawn of a new era for the company. BMW's latest design showcases a platform that will underpin the brand's next generation of electric vehicles. The first electric vehicles based on the Neue Klasse — or new class — architecture are set to enter production in 2025. That's the purpose of our show at the IAA," Zipse said. The Vision Neue Klasse is set to make its public debut in the coming days at the IAA motor show in Munich, which also serves as the headquarters of BMW.

Persons: Oliver Zipse, CNBC's Arabile, Zipse Organizations: BMW, Saturday, Neue Klasse, Neue, IAA Locations: circularity, Munich

☆ Siemens sees weakening demand trends as third-quarter misses forecasts
▼ + stars: | 2023-08-10 | by ( ) www.cnbc.com time to read: +1 min

Siemens missed profit forecasts in its latest quarter, the German engineering company reported on Thursday, noting weakening demand in several markets including China. Siemens said it was now seeing a "normalisation of demand" after customers pre-bought last year to avoid shortages. Orders increased by 10% during the three months to the end of June, down from the 13% increase in the previous three months. Siemens kept its group-level outlook for the year to September-end but lowered expectations for its digital industries business which supplies factories with controllers. The division, seen by analysts as the jewel in Siemens's crown, now expects comparable revenue growth of 13% to 15%, lower than its previous outlook of 17% to 20%.

Persons: Roland Busch, CNBC's Arabile, Busch, I'm Organizations: Siemens Locations: China

☆ Public sector pay rise won't be inflationary, UK Treasury's Glen says
▼ + stars: | 2023-07-19 | 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 EmailPublic sector pay rise won't be inflationary, UK Treasury's Glen saysJohn Glen, chief secretary to the U.K. Treasury, reacts to June's inflation figures and tells CNBC's Arabile Gumede about the government's plans to bring prices under control.

Persons: Glen, John Glen, CNBC's Organizations: . Treasury

☆ This U.S. biotech stock is up 90% this year and will continue to soar, fund manager says
▼ + stars: | 2023-06-23 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Shares of U.S. biotech firm Exact Sciences have surged by almost 90% this year. But the run may not be over just yet, according to fund manager Dani Saurymper. Earlier this week it said its next-generation screening test, Cologuard 2.0, showed a 30% lower false positive rate for detecting the disease in a study compared to its already approved test. This is where Exact Sciences fits in. Saurymper believes that the stock has corrected and has a significant runway ahead.

Persons: Dani Saurymper, Saurymper, CNBC's, EXAS, Kyle Mikson, Canaccord Genuity, CNBC's Arabile, it's Organizations: Sciences, Nasdaq, Companies, FDA

☆ CNBC Pro Talks: This fund manager is betting big on the aging theme
▼ + stars: | 2023-06-21 | 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 EmailCNBC Pro Talks: This fund manager is betting on the aging theme, including one ‘huge’ opportunityCNBC’s Arabile Gumede spoke to Pacific Asset Management’s Dani Saurymper on how to invest in the world’s aging population. From AstraZeneca and Lululemon to Pets at Home, Saurymper’s fund looks to tap themes that have “proven commercial viability.”

Persons: Arabile Gumede, Dani Saurymper Organizations: AstraZeneca, Lululemon

☆ Pro Talks: This fund manager is betting big on the aging theme, including one 'huge' opportunity
▼ + stars: | 2023-06-20 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +1 min

The world's population is getting older — and it's creating significant investment opportunities, according to Pacific Asset Management's Dani Saurymper. Join CNBC's Arabile Gumede as he discusses with Saurymper how to play the long-term aging theme on Pro Talks . Join CNBC Pro Talks on Wednesday, June 21, at 12 p.m. BST / 7 p.m. SGT / 7 a.m. Learn more from our previous Pro Talks: Tesla vs. BYD: Here's why one fund manager prefers the Buffett-backed automaker Nvidia's stock could rise fivefold in 10 years on A.I. trend, says fund manager Thinking of buying tech stocks?

Persons: Dani Saurymper, Saurymper, Goldman Sachs Organizations: Longevity, AstraZeneca, Pets, Pacific Asset Management, AXA Investment Managers, Barclays Investment Bank, Bank of America Locations: U.S, A.I

☆ BRICS ministers meet in push to establish group as counterweight to West
▼ + stars: | 2023-06-01 | by ( Wendell Roelf | ) www.reuters.com time to read: +3 min

South African authorities confirmed that foreign ministers from Brazil, Russia, India, and South Africa are attending Thursday's meeting in Cape Town. Amid the growing geopolitical polarisation resulting from the war in Ukraine, BRICS leaders have said they are open to admitting new members, including oil producing countries. South Africa, though the bloc's smallest member, is among its biggest champions. As an ICC member South Africa would face pressure to arrest Putin, were he to attend the meeting in Johannesburg. "Obviously, the best solution for South Africa is if Putin decided not to come."

Persons: Vladimir Putin, Putin, van Staden, William Gumede, Nic Borain, Wendell Roelf, Carien du, Joe Bavier, Grant McCool Organizations: BRICS, Criminal Court, South African Institute of International Affairs, New Development Bank, South, United, ICC, Independent, Thomson Locations: Ukraine, August CAPE, South Africa, Johannesburg, Moscow, Brazil, Russia, India, Cape Town, China, Beijing, South African, Venezuela, Argentina, Iran, Algeria, Saudi Arabia, United Arab Emirates, African, . South Africa, Africa, Pretoria, Carien du Plessis

☆ Enagas CEO discusses hydrogen and the energy crisis from the Goldman Sachs Utility Conference
▼ + stars: | 2023-05-30 | 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 EmailEnagas CEO discusses hydrogen and the energy crisis from the Goldman Sachs Utility ConferenceEnagas CEO Arturo Gonzalo Aizpiri speaks to CNBC's Arabile Gumede about the outlook for hydrogen's ability to fulfill Europe's energy requirements.

☆ Solar investment set to overtake oil production and attract over $1 billion a day in 2023, IEA says
▼ + stars: | 2023-05-25 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +2 min

According to the IEA's Executive Director, Fatih Birol, investment in solar is "set to overtake the amount of investment going into oil production for the first time." In a sign of how the energy transition is progressing, the IEA's World Energy Investment report said solar investments were expected to attract over $1 billion a day in 2023. In a statement, Fatih Birol, the IEA's executive director, said investment in solar was "set to overtake the amount of investment going into oil production for the first time." Speaking to CNBC's Arabile Gumede Thursday morning, Birol said there was a "growing gap between the investment in fossil energy and investment [in] clean energy." Firstly, the cost of clean energy such as solar and wind was "getting cheaper and cheaper," he said.

☆ Turning speech into vision
▼ + stars: | 2023-05-19 | 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 EmailTurning speech into visionCNBC's Arabile Gumede takes a look at XRAI Glass, a company that has developed software that turns speech into subtitles in real time using AR glasses.

Search resuls for: "Gumede"

25 mentions found