DIRS.INFO The most relevant business & tech news

☆ Why BORG drinks are dangerous for you
▼ + stars: | 2024-05-20 | by ( Terry Ward | ) edition.cnn.com time to read: +6 min

CNN —If you’ve been to a party lately and haven’t seen someone drinking a BORG, you’re likely not partying with college students. As the drink’s name suggests, “it’s intended to get you extremely drunk.”What Lembke calls the BORG’s “social contagion factor” makes it even more dangerous. BORG posts starring gallon jugs with punny names such as Captain Borgan, Our Borg and Savior, Borgan Donor and Borgan Wallen proliferate on TikTok. Thinking along those lines is part of what makes BORGs potentially dangerous to the people turning to them as a party drink, Lembke said. The fact that BORGS are usually sweetened with a diluting agent such as electrolyte drinks or water flavor enhancers only makes them more dangerous, she said.

Persons: you’ve, haven’t, you’re, BORG, ”, Anna Lembke, Sabrina Grimaldi, ” Grimaldi, “ it’s, “, Grimaldi, Kelly Xiong, Zers, Kelly, ” Xiong, Virginia, Borgan, Borg, Lembke, ” Lembke, It’s, who’s, Terry Ward Organizations: CNN, Capital Poison Center, Stanford University in, University of Pittsburgh, University of Massachusetts Amherst, National Institutes of Health, NIH Locations: Washington ,, Stanford University in California, millennials, Virginia, Tampa , Florida, United States, ” Florida, Tampa

☆ Chinese EV maker Zeekr prices IPO at $21, at the top end of range, reports say
▼ + stars: | 2024-05-09 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

A Zeekr 001 electric vehicle (EV) by Geely is seen displayed at the Zeekr booth during a media day for the Auto Shanghai show in Shanghai, China April 19, 2021. Chinese electric vehicle maker Zeekr priced its initial public offering at $21 a share Thursday, at the top end of its range, according to news reports. Zeekr, which is backed by Chinese-based automotive group Geely, offers several luxury vehicle models, including an upscale sedan it began delivering in January. "Our sales gap with Tesla keeps on narrowing," Zeekr CEO Andy An told CNBC in an interview last month translated from Mandarin. Zeekr has said it plans to use the proceeds from the offering to develop more advanced battery electric vehicle technologies.

Persons: Geely, Tesla, Andy, Zeekr, Goldman Sachs, Morgan Stanley, Merrill Lynch Organizations: Auto Shanghai, New York Stock Exchange, Reuters, Bloomberg News, Securities and Exchange Commission, SEC, Tesla, CNBC, Underwriters, China International Capital Locations: Shanghai, China, Zhejiang, Europe, Latin America, Sweden, Netherlands

☆ Malaysia is unfazed by China, U.S. semiconductor competition, minister says
▼ + stars: | 2024-04-18 | by ( Sumathi Bala | ) www.cnbc.com time to read: +1 min

KUALA LUMPUR, MALAYSIA - 2018/01/24: A foreigner is seen with a Malaysia flag as a background. Kuala Lumpur or commonly known as KL is the national capital for Malaysia and is the fastest growing metropolitan regions in South-East Asia. (Photo by Faris Hadziq/SOPA Images/LightRocket via Getty Images)Malaysia isn't fazed about competition from China or the U.S. as it pushes into higher-end semiconductor manufacturing, according to the country's second finance minister. "We're seeing a lot of end users now diversifying their supply chain. Our focus, actually, is to provide a very vibrant, strong supply chain connectivity, and make sure that we ride on that."

Persons: Faris Hadziq, Amir Hamzah Azizan, Karen Tso, Amir Hamzah Organizations: Getty Images Locations: KUALA LUMPUR, MALAYSIA, Malaysia, Kuala Lumpur, South, East Asia, China, Washington

☆ Gold looks 'very vulnerable' to a setback, veteran advisor says, after prices hit record high
▼ + stars: | 2024-04-08 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

Gold prices on Monday extended their record-breaking run, notching another all-time high amid robust U.S. economic data and elevated geopolitical tensions. Spot gold prices stood mixed to trade at $2,327 per ounce at around 1:45 p.m. London time, after briefly hitting a fresh record of $2,372.5 earlier in the session. But not everyone is convinced gold prices will continue to rally. Investors are looking at the underperformance of gold and therefore increasing exposure to gold. Related to that is actually the gold-bitcoin correlation — and one can get into a debate about whether that's meaningful or not — but the reality is there is a correlation between bitcoin and gold," Parker said.

Persons: Bob Parker, CNBC's, Parker Organizations: Citi, Capital Markets Association Locations: London, Ukraine, Gaza

☆ Here's who Treasury Secretary Janet Yellen is going to meet in China
▼ + stars: | 2024-04-04 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

U.S. Treasury Secretary Janet Yellen, center, waits with others to receive Chinese President Xi Jinping at the San Francisco International Airport on Nov. 14, 2023, ahead of Xi's meeting with U.S. President Joe Biden. BEIJING — U.S. Treasury Secretary Janet Yellen was scheduled to arrive in China on Thursday ahead of four full days of meetings with Chinese officials. It's her second trip to the country since the summer, as the U.S. and China seek to increase high-level communication in an otherwise tense relationship. U.S. Secretary of State Antony Blinken is also due to visit China again later this year. We went for too long with too little communication, and misunderstandings developed," Yellen told reporters ahead of her arrival in China.

Persons: Janet Yellen, Xi Jinping, Joe Biden, It's, Antony Blinken, Yellen, Here's Organizations: Treasury, San Francisco International Airport, U.S Locations: BEIJING — U.S, China, Guangzhou, China's, Guangdong —, Beijing

☆ Malaysia emerges as a hotspot for semiconductor firms amid U.S.-China chip tensions
▼ + stars: | 2024-04-04 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +5 min

American chip giant Intel in December 2021 said it will invest more than $7 billion to build a chip packaging and testing factory in Malaysia, with production expected to begin in 2024. Malaysia holds 13% of the global market for chip packaging, assembly and testing services, said the Malaysian Investment Development Authority in a Feb. 18 report. Exports of semiconductor devices and integrated circuits increased by 0.03% to 387.45 billion Malaysian ringgit ($81.4 billion) in 2023, amid global chip demand weakness. Malaysia Semiconductor Industry Association president Datuk Seri Wong Siew Hai said many Chinese firms diversified some of their production to Malaysia, calling the country China's "plus one." In the same month, the world's largest contract chip maker TSMC opened its first Japan factory as it diversifies away from Taiwan amid U.S.-China tensions.

Persons: Faris Hadziq, Kenddrick Chan, Aik Kean Chong, Intel's, Tan, Yinglan Tan, Datuk Seri Wong Siew Hai, Zafrul Aziz, TSMC, Ann Lim Organizations: Getty, Malaysia, LSE, London School of Economics, Political, Semiconductors, Intel, CNBC, Infineon, Ventures Partners, Malaysian Investment Development Authority, Malaysian, Malaysia Semiconductor Industry, U.S ., U.S, China -, Partnership Locations: KUALA LUMPUR, MALAYSIA, Malaysia, Kuala Lumpur, South, East Asia, China, U.S, American, Penang, Another U.S, Singapore, Europe, Kong, GlobalFoundries Singapore, Klang, India, Japan, Taiwan, South Korea, Washington, Asia, China - U.S

☆ Baltimore to Open Temporary Shipping Route Around Key Bridge Wreckage
▼ + stars: | 2024-04-01 | by ( Mike Ives | More About Mike Ives | ) www.nytimes.com time to read: +1 min

Officials in Baltimore were preparing on Monday to open a temporary alternate channel around wreckage from the collapsed Francis Scott Key Bridge for “commercially essential vessels.”The bridge, a critical link to the Port of Baltimore, collapsed on March 26 after it was hit by a giant cargo ship. Wreckage has been blocking a vital shipping lane into the port ever since. The temporary channel was announced late Sunday by the state and federal agencies leading the response to the disaster. “This will mark an important first step along the road to reopening the port of Baltimore,” Capt. “By opening this alternate route, we will support the flow of marine traffic into Baltimore.”

Persons: Francis Scott Key, Capt, David O’Connell, ” Organizations: Port, Coast Locations: Baltimore, Port of Baltimore, Coast Guard’s Maryland

☆ Cherry blossoms in Washington, DC, have hit ‘peak bloom,’ park service announces
▼ + stars: | 2024-03-17 | by ( Aileen Graef | Elisa Raffa | ) edition.cnn.com time to read: +2 min

CNN —The cherry blossoms lining the National Mall in Washington, DC, have hit “peak bloom,” bursting open in an early spring display after a warm winter, the National Park Service announced Sunday. “PEAK BLOOM! PEAK BLOOM! PEAK BLOOM! It is the cherry trees’ second-earliest peak bloom on record and follows one of Washington’s warmest recorded winters.

Persons: Yoshino Cherry, Roberto Schmidt Organizations: CNN, National Park Service, NPS, AFP, Getty, Climate Central, Cherry Blossom, West Potomac Locations: Washington ,, Washington , DC, Potomac, West, West Potomac Park

☆ Why a warehouse giant is planning a $25 billion push into data centers
▼ + stars: | 2024-03-06 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +10 min

He will fill the newly created role of global head of data centers at the firm. Prologis's push exemplifies the growing interest among investors in data center deals, including players who have not traditionally been involved in the highly specialized industry. Warehouses have squat footprints similar to data centers and are often located in industrial areas that have proximity to the heavy electrical lines and equipment necessary to deliver voluminous power that data centers require. Warehouse growth slows as data centers accelerateDemand for data centers has steadily grown over the past decade, driven by the widespread use of cloud computing and storage across corporate America. Blackstone, for instance, has said it plans to develop as much as $50 billion of data centers in the coming years.

Persons: Chris Curtis, Curtis, Michael Hochanadel, Hochanadel, Harrison, They're, Joseph Ghazal, Ghazal, Hamid Moghadam, JLL, Morgan Stanley, Blackstone, Vince Tibone, Tibone, Prologis's, Ron Kamdem, Moghadam, Carl Beardsley, Beardsley, Chris Crosby, Prince William County, Prologis Organizations: Business, Harrison, Green, Amazon, Google, Microsoft, Brookfield, Blackstone, Compass Locations: San Francisco, Dallas, America, Brookfield, Canadian, Prince William, Virginia

☆ CNBC Daily Open: Wall Street unfazed by hot inflation data
▼ + stars: | 2024-03-01 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Nikkei nears record levelJapan's Nikkei 225 closed just shy of the 40,000 level, hitting a fresh record high of 39,910.82, up 1.9%. Overnight, Wall Street ended on a high note as the Nasdaq Composite hit its first closing record since November 2021, rising 0.9%. [PRO] Europe's 'Super 7'Citi picked "Super 7" European stocks that it said are similar to the "Magnificent 7" U.S. technology stocks but have cheaper valuations leaving more room for them to rise.

Persons: Bob Parker Organizations: CNBC, Nikkei, CSI, Nasdaq, Dow, Ministry of Commerce, Capital Markets Association, Citi Locations: China, U.S, Europe

☆ CNBC Daily Open: Hot inflation data but could have been worse
▼ + stars: | 2024-03-01 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The tech giant said the new offering can perform a handful of common role-specific actions in Excel and Outlook. Market unlikely to burstBob Parker, senior advisor at trade body International Capital Markets Association, told CNBC there are signs of a bubble in company valuations and investor concentration in the technology sector. [PRO] Europe's 'Super 7'Citi picked "Super 7" European stocks that it said are similar to the "Magnificent 7" U.S. technology stocks but have cheaper valuations leaving more room for them to rise.

Persons: Bitcoin, Bob Parker, Dell, Yvonne McGill Organizations: CNBC, Nasdaq, Dow Jones, Microsoft, Excel, Capital Markets Association, Dell, Citi

☆ AI is driving a market bubble that's unlikely to burst, veteran advisor says
▼ + stars: | 2024-03-01 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

As tech giant Nvidia soars on hype around artificial intelligence, and global stock indexes notch record highs, debate has grown about whether the stock market has entered a "bubble." That's generally seen as a period in which asset prices inflate rapidly, potentially beyond their core value — and risk crashing just as fast. Bob Parker, senior advisor at trade body International Capital Markets Association, told CNBC's "Squawk Box Europe" on Wednesday he saw signs of a bubble based on two of three main characteristics. If we look at the valuation of Nvidia, justifiably it is actually very high indeed," Parker said, adding that the second sign is investor positioning. "Whenever you have a market bubble, investors are very clustered or very concentrated, either in one market or in one sector.

Persons: Bob Parker, CNBC's, Parker, we've Organizations: Capital Markets Association, Nvidia Locations: Europe

☆ Don't expect a major market reversal, senior advisor says
▼ + stars: | 2024-02-28 | 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 EmailDon't expect a major market reversal, senior advisor saysAre we in a market bubble after recent global highs? Bob Parker, senior advisor International Capital Markets Association, weighs in.

Persons: Bob Parker Organizations: Capital Markets Association

☆ Europe is nervous about a potential Trump win. China sees an opportunity
▼ + stars: | 2024-02-19 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +10 min

China – which has not condemned Russia’s invasion and claims impartiality in the conflict – has also emerged as a key lifeline for the sanctions-hit Russian economy. In Europe, this has galvanized concerns about China’s own global ambitions and played a role in the European Union’s ongoing push to recalibrate its policy toward China. EU foreign policy chief Josep Borrell reiterated the EU’s “expectation that China refrains from supporting Russia,” in a meeting with Wang Friday. “As long as war in Ukraine continues, EU policies toward China will move into closer alignment with the US. As president, Trump not only voiced skepticism of the system of US alliances in Europe, but leveraged tariffs on European steel and aluminum, sparking retaliatory measures on US goods from Europe.

Persons: Hong Kong CNN —, Wang Yi, Wang, Donald Trump, Trump, ” Wang, Alexey Navalny, Vladimir Putin’s, “, ”, Noah Barkin, Maxym Marusenko, Putin, Xi Jinping, –, Jens Stoltenberg, Josep Borrell, Christoph Heusgen, Dmytro Kuleba, Xi, hasn’t, It’s, Kuleba, Vladimir Putin, Xie Huanchi, Yu Jie, ‘, Liu Dongshu, “ Wang Yi, China …, ” Liu, Emmanuel Macron, GMF Organizations: Hong Kong CNN, Munich, Washington, NATO, German Marshall Fund of, Communist Party, Wang Friday, Bloomberg, CNN, China’s, Ministry, ”, Ukrainian, Security, Beijing, Peace, Getty, ’ Observers, US, Chatham House, City University of Hong, “, White Locations: China, Hong Kong, States, Europe, Ukraine, Beijing, Munich, Moscow, Russia, United States, Russian, Ukraine's Kharkiv, West . China, Taiwan, EU, ”, China’s, Asia, Pacific, ” Beijing, Switzerland, Xinhua, London, Spain, France, City University of Hong Kong’s, Washington, York

☆ Want to try this beef snack? Join the 43-year waitlist
▼ + stars: | 2024-02-17 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +4 min

Taste of JapanIn Takasago City, Japan, a brand of frozen Kobe beef croquettes is so popular that the waiting list is longer than most mortgages. Bakery chain Kimuraya is advancing that further by using AI to produce “romance bread” targeted at the nation’s love-averse youth. The Japanese island of Kyushu is where sugar was first introduced to the country by the Portuguese in the 16th century. The island retains a sweet tooth to this day and is home to Japan’s most beloved sweet treats. Try to squeeze in as many as you can on a trip to the region.

Persons: Linda Ford, they’ve Organizations: CNN, JFK, JFK Airport, Air, Manhattan, Apple, City, Henley, of Locations: Japan, Takasago City, Kobe, Kyushu, Portuguese, Turkey’s, Georgia, Rize, Tokyo, Odawara, New, Air France, Paris, France, City of, Europe, Asia, of Malta, Superior, Costa Rica

☆ Indonesia is heading to the polls to elect Jokowi's presidential successor
▼ + stars: | 2024-02-14 | by ( Clement Tan | In Clemtan | ) www.cnbc.com time to read: +2 min

Presidential candidate and former Jakarta governor Anies Baswedan, vice presidential candidate Muhaimin Iskandar, presidential candidate and Indonesia's Defence Minister Prabowo Subianto, vice presidential candidate Gibran Rakabuming Raka, presidential candidate and former Central Java governor Ganjar Pranowo and vice presidential candidate Mahfud MD (from left to right) react on the stage during the last presidential election debate at the Jakarta Convention Center in Jakarta on February 4, 2024. More than 200 million voters in Indonesia are heading to more than 800,000 polling stations in the world's third-largest democracy on Wednesday to elect President Joko Widodo's successor, a new national House of Representatives and various local legislators. Widodo, also popularly known as Jokowi, beat Probowo in the last two presidential elections. Some of the latest opinion polls showed Probowo netting more than 50% of the vote against two other opponents. Voters have six hours to cast their five ballots for their preferred presidential and vice presidential pairing, as well as legislators at the national, provincial and regency level, along with a regional senator for the national parliament.

Persons: Anies Baswedan, Muhaimin Iskandar, Prabowo Subianto, Gibran Rakabuming Raka, Ganjar Pranowo, Mahfud, Joko Widodo's, Probowo Subianto, general's, Widodo, Probowo, It's, Richard Borsuk Organizations: Indonesia's Defence, Central Java, Jakarta Convention, of, Defense, Nanyang Technological, Rajaratnam, of International Studies, CNBC, Gerindra Party Locations: Jakarta, Indonesia, Nusantara

☆ The dollar is back. It’s not all good news
▼ + stars: | 2024-02-09 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

New York CNN —The greenback is strengthening again after a bumpy 2023, as Wall Street accepts that interest rate cuts are coming later than previously expected. The US Dollar Index, which tracks the dollar against the British pound, euro, Swiss franc, Japanese yen, Canadian dollar and Swedish krona, is up 2.8% for the year as of Friday morning. “All of a sudden the interest rate differential kicks in — if that is slower than the Fed or faster,” said Krosby. Higher interest rates tend to garner more international capital to flow into a country, raising demand for the currency and thus its value. Still, Todd Jones, chief investment officer at Gratus Capital, says he expects the dollar to trend lower eventually as the Fed gets closer to cutting rates.

Persons: Jerome Powell, Christine Lagarde, Quincy Krosby, ”, Neel Kashkari, Todd Jones, Jones, Anna Cooban, Richard Meade, Janet Yellen, Alicia Wallace, Yellen, ” Yellen Organizations: CNN Business, Bell, New York CNN, Swiss, Canadian, Federal Reserve, European Central Bank, LPL, Treasury, Minneapolis, Gratus, Fed, Hamas, Lloyds, CNN, Banking Committee Locations: New York, Swedish, Iran, Suez, Asia, Europe

☆ I spent 6 years studying to become a chartered accountant. Then I gave it all up to become a soft-skills trainer.
▼ + stars: | 2024-02-08 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +4 min

Akansha Jain spent 6 years studying to be a Chartered Accountant for six years. AdvertisementThis as-told-to essay is based on a conversation with Akansha Jain , a 38-year-old Chartered Accountant turned soft-skills training freelancer based in the National Capital Region, India. Studying to become a chartered accountant was one of the hardest things I have done. I finally became a chartered accountant in 2009. AdvertisementLooking back at my own career transition, when it comes to hard skills versus soft skills, I don't think one is more important than the other.

Persons: Akansha Jain, Jain, — Organizations: Service, National Capital Locations: National Capital Region, India, Delhi

☆ Analysts at China's CICC told not to publish bearish views, wear luxury items -memo
▼ + stars: | 2023-11-30 | by ( ) www.reuters.com time to read: +2 min

The company logo of China International Capital Corporation Ltd (CICC), China’s first joint venture investment bank, is displayed at a news conference on the company's annual results in Hong Kong, China March 30, 2016. Additionally, staff at the state-owned investment bank have been asked to not wear luxury brands or disclose their pay. Employees should "make sure their family members adhere to social and ethical standards", the memo said. Banks have also been forced to cut pay and perks for investment bankers, including compensation and budget reductions for travel and entertainment. Reuters reported in April that CICC slashed bankers' bonuses by as much as 40%.

Persons: China’s, Bobby Yip, CICC, Banks, Selena Li, Jason Xue, Sumeet Chatterjee, Edwina Gibbs Organizations: China International Capital Corporation, REUTERS, China International Capital Corp, HK, Reuters, Bloomberg, Thomson Locations: Hong Kong, China, HONG KONG, dealmaking

CANBERRA, Australia (AP) — The eruption of Papua New Guinea’s tallest volcano subsided Tuesday, but thick ash still billowed into the sky and coated roofs and palm trees nearby. The Volcanic Ash Advisory Center in Darwin, Australia, reported volcanic smoke rising as high as 15,000 meters (50,000 feet) on Monday. The nearest large town is Bialla, which is established among palm oil plantations on Ulawun’s slopes 47 kilometers (29 miles) to the southwest, the division said. Hargy Oil Palm Ltd., a company based in Bialla, did not immediately respond to an email request for comment. The division said heavy coatings of black ash were causing leaves to droop in palm oil plantations near the volcano and were accumulating on roofs.

Persons: Ulawun, Mount Ulawun Organizations: Pacific, Guinea’s Geohazards Management, Ash Advisory, Civil Aviation Safety Authority, Ltd, World Bank, Papua New, ” Locations: CANBERRA, Australia, Papua, New Britain, Darwin, Papua New Guinea, Mount, Port Moresby, Honiara, Solomon, Bialla, Japan, ” Papua New Guinea

☆ Indian capital resumes some activities despite hazardous air, river foam
▼ + stars: | 2023-11-20 | by ( Kanjyik Ghosh | ) www.reuters.com time to read: +3 min

REUTERS/Anushree Fadnavis Acquire Licensing RightsNEW DELHI, Nov 20 (Reuters) - India's capital Delhi re-opened schools and some building sites on Monday amid signs of receding air pollution, although it remained classified as hazardous, while a toxic foam besmirched stretches of the Yamuna river flowing through the city. The world's most polluted capital resumed its annual battle on pollution this month, despite government pledges to improve. Monday's air quality index (AQI) of 336 was down from Thursday's level of 509, but still "hazardous", Swiss group IQAir said. Delhi's air pollution gets worse in winter, when wind speeds drop and cooling air traps pollutants spewed by vehicles, industry and farmers burning agricultural waste in surrounding states to prepare for new planting. PM2.5 levels remained above 128 micrograms per cubic meter of air since Sunday in the National Capital Region, according to the federal pollution control board.

Persons: Anushree, IQAir, Ankit Srivastava, Gopal Rai, Kanjyik Ghosh, Shivam Patel, Clarence Fernandez, Raju Gopalakrishnan Organizations: REUTERS, Delhi's, Vehicles, National Capital, World Health Organization, Thomson Locations: New Delhi, India, DELHI, Delhi, Mumbai

"This super pre-emptive right will work only in specific cases, with specific companies," Chebeskov said on the sidelines of a financial forum in Moscow on Nov. 14. "The idea was that this concerns only those strategic companies in which the state already has a share," Chebeskov said. The lack of clarity and uncertain timeline highlights the unpredictable nature of regulatory changes facing investors and businesses seeking to adjust their exposure to Russia. This compares with net outflows of around $48 million in March 2022 and $69 million in February this year. Western investors have already struggled to get assets out of Russia.

Persons: Vladimir Putin, Ivan Chebeskov, Chebeskov, Rybalkin, Tskhakaya, Thomas J Brock, Carlsberg's, Putin, JP Morgan, JPM, Vijay Marolia, Brock, Sinead Cruise, Alexander Marrow, Elena Fabrichnaya, Darya Korsunskaya, Jane Merriman Organizations: Ukraine LONDON, Reuters, Nato, Dyakin, Partners, Kaiser Consulting, Investors, Morningstar Direct, Federal Property Agency, Assets, Deutsche Bank, Regal Point Capital, HSBC, Expobank, Thomson Locations: Russia, Ukraine, MOSCOW, Moscow, Russian, Magnit, London

☆ India to get electric air taxis in 2026 via InterGlobe, Archer venture
▼ + stars: | 2023-11-09 | by ( Chris Thomas | ) www.reuters.com time to read: +2 min

[1/4] Midnight, an all-electric aircraft from company Archer Aviation, is seen at the Salinas Municipal Airport in Salinas, California, U.S. August 2, 2023. REUTERS/Carlos Barria/File Photo Acquire Licensing RightsBENGALURU, Nov 9 (Reuters) - InterGlobe Enterprises, which backs India's top airline IndiGo, and U.S.-based Archer Aviation (ACHR.N) will launch an all-electric air taxi service in India in 2026 that will be "cost-competitive" with on-road services, the companies said Thursday. The companies said that a trip that typically takes 60 to 90 minutes by car in Delhi, for example, will take about 7 minutes in an air taxi. InterGlobe Enterprises, which owns nearly 38% of IndiGo-parent InterGlobe Aviation (INGL.NS) as well as hospitality and logistics businesses, also plans to use the e-aircraft for cargo, logistics, medical, emergency and charter services. Archer secured a $142 million-deal from the U.S. Air Force in July to provide six Midnight aircraft and said in October it would launch an air taxi service in the UAE.

Persons: Carlos Barria, Archer, Archer Aviation's, InterGlobe Aviation's, Chris Thomas, Savio D'Souza Organizations: Archer Aviation, Salinas Municipal Airport, REUTERS, Rights, InterGlobe Enterprises, IndiGo, Chrysler, Boeing, United Airlines, InterGlobe Aviation, U.S . Air Force, Midnight, Thomson Locations: Salinas, Salinas , California, U.S, India, Delhi, Mumbai, Bengaluru, UAE

The company logo of China International Capital Corporation Ltd (CICC), China’s first joint venture investment bank, is displayed at a news conference on the company's annual results in Hong Kong, China March 30, 2016. China is Brazil's largest trading partner, however Chinese investments in Brazil fell 78% in 2022, the Brazil-China Business Council (CEBC) said in August. "We believe that more Chinese investment will be willing to ... invest into the Latin America region, especially in Brazil," said Lin. "I don't remember when politics got so involved in daily business," Lin said, reflecting on her 21 years in business. However, there were still Chinese companies listing here, said Lin and China's securities regulator China Securities Regulatory Commission had pre-approved 20 Chinese ADRs.

Persons: China’s, Bobby Yip, Lindsay Lin, Lin, CICC, acquirer, Biden, Didi Global, we're, ” Lin, Megan Davies, Echo Wang, Diane Craft Organizations: China International Capital Corporation, REUTERS, Securities, China International Capital Corp, HK, Reuters NEXT, China Business Council, Monetary Fund, China Securities Regulatory Commission, Reuters, reuters, Thomson Locations: Hong Kong, China, Brazil, New York, America, Latin America, U.S, China's

☆ How a Banking Capital of the World Botched Its Own Banking Rules
▼ + stars: | 2023-11-08 | by ( Margot Patrick | ) www.wsj.com time to read: 1 min

Switzerland wanted its big banks to be fortresses. In practice, the country’s “too big to fail” banking laws made a sand castle of Credit Suisse. The Swiss rules in question have become an object lesson in the difficulties of designing financial regulation. Created to prevent a repeat of the 2008 financial crisis bailouts, Switzerland’s customized version of international capital requirements laid the groundwork for the biggest bank rescue since.

Organizations: Credit Suisse Locations: Switzerland, Credit, Swiss

Search resuls for: "National Capital"

25 mentions found