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Nordic Entertainment Group (NENT) sign is seen at their headquarters in Stockholm, Sweden October 1, 2018. The Swedish media group said ahead of a presentation to investors and media that it expects 2020-2025 compound annual organic sales growth at the upper end of its target ranges - 18%-20% for the group and 13%-15% for its Nordic operations. It also set a new target of 23%-25% compound annual organic sales growth for its Viaplay streaming service in the Nordic markets. NENT said it would launch Viaplay in Britain, Canada, Germany, Austria and Switzerland, taking the number of markets to 16 by the end of 2023, and announced a new target of 12 million Viaplay subscribers by the end of 2025. Reporting by Anna Ringstrom; Editing by Christopher Cushing and Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.
Persons: Olof Swahnberg, NENT, Anna Ringstrom, Christopher Cushing, Sherry Jacob, Phillips Organizations: Nordic Entertainment, REUTERS, Netflix, Nordic, Thomson Locations: Stockholm, Sweden, STOCKHOLM, Swedish, Britain, Canada, Germany, Austria, Switzerland
Barry Callebaut makes new appointments to exec committee
  + stars: | 2021-09-22 | by ( ) www.reuters.com   time to read: 1 min
Employees of chocolate and cocoa product maker Barry Callebaut prepare chocolates after the company's annual news conference in Zurich, Switzerland November 7, 2018. REUTERS/Arnd WiegmannZURICH, Sept 22 (Reuters) - Barry Callebaut (BARN.S) has made two changes to its executive committee, appointing Masha Vis-Mertens as its new Chief Human Resources Officer and Massimo Selmo as Chief Procurement Officer. Both changes will be effective from October 1, 2021, the Swiss chocolate maker said on Wednesday. Reporting by John Revill; Editing by Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.
Persons: Barry, Barry Callebaut, Masha Vis, Mertens, Massimo Selmo, John Revill, Muralikumar Organizations: REUTERS, Wiegmann, Human, Thomson Locations: Zurich, Switzerland, Wiegmann ZURICH, Swiss
REUTERS/Denis BalibouseLONDON (Reuters) - INEOS said on Wednesday it will convert its vast Scottish petrochemicals plant and oil refinery at Grangemouth to run on hydrogen at a cost of more than 1 billion pounds ($1.4 billion) to make it ‘net zero’ for carbon emissions by 2045. Britain has a target to reach net zero by 2050 and has significantly reduced emissions from power generation, but has found it harder to cut industry’s carbon footprint. Andrew Gardner, Chairman of INEOS Grangemouth said the company would initially use gas to produce its own hydrogen on site, so-called blue hydrogen, with at least 1 million tonnes of carbon dioxide (CO2) stored and captured by 2030. “The next stage would be using green hydrogen,” Gardner told Reuters, to bring the entire site to net zero by 2045. INEOS said in July it would work with the Acorn carbon capture and storage project in Scotland, which aims to store CO2 emissions in the North Sea.
Persons: Denis Balibouse, INEOS, Andrew Gardner, , ” Gardner, Gardner Organizations: REUTERS, Denis Balibouse LONDON, Reuters, BP Locations: Rolle , Switzerland, Scottish, Grangemouth, Britain, Scotland, North
The world's biggest music label, which represents musicians and song catalogues from Billie Eilish to The Rolling Stones and Bob Dylan, saw its market value leap to 47 billion euros ($55 billion) in Europe's largest listing of the year. The company was spun off by France's Vivendi (VIV.PA), which handed a 60% stake in Universal to its shareholders. 1/2 The logo of Universal Music Group (UMG) is seen at a building in Zurich, Switzerland July 20, 2021. read moreUniversal has increased sales for six years in a row, with core earnings of 1.36 billion euros in 2020 on revenue of 7.43 billion euros. Before Universal, Amsterdam had attracted a record 14 IPOs this year.
Persons: Billie Eilish, Bob Dylan, William Ackman, China's Tencent, Vincent Bollore, Lucian Grainge, Ackman's Pershing, Matti Littunen, Bernstein, Littunen, Ackman, Arnd, BIEBER, Justin Bieber, Grainge, Toby Sterling, Sudip Kar, Gwenaelle Barzic, Mathieu Rosemain, Pamela Barbaglia, Ingrid Melander, Sarah White, Mark Potter, Pravin Organizations: France's Vivendi, Universal, Vivendi, HK, Ackman's, Warner Music, Sony Music, Pershing, Universal Music, REUTERS, YouTube, Spotify, Reuters, Paris Match, Euronext, European Union, BNP, Thomson Locations: Amsterdam, AMSTERDAM, Europe's, Hilversum, Netherlands, Santa Monica , California, Zurich, Switzerland, Lagardere, Paris, London
Investors pointed to the broadly positive market backdrop with central bank money-printing and the recovery in the world economy post-pandemic as reasons to stay bullish. MSCI’s index of world stocks edged up 0.14%, having plunged 1.6% on Monday. Evergrande shares fell 0.4% as focus now shifts to Thursday when the company is due to make bond interest payments. The OECD said it was too early for governments and central banks to withdraw exceptional support for their economies. Central banks will likely be watching gas price moves, with sharp price increases possibly exacerbating inflation risks and hurting the economic recovery.
Persons: , , Angelo Meda, Hong, Evergrande, Hui Ka Yuan, Stephen Miller Organizations: Wall, Nasdaq, SIM, Japan’s Nikkei, BHP, Rio Tinto, Fed, Treasury, OECD, Brent Locations: Britain, Japan, U.S, Milan, China’s, Beijing, United States, Norway, South Africa, Sweden, Switzerland
LONDON, Sept 21 (Reuters) - Swiss exports of gold to India jumped to a five-month high in August while shipments to China fell, Swiss customs data showed on Tuesday. Switzerland is the world's largest bullion refining centre and transit hub and its data give insight into global demand trends. China and India are the largest consumers of gold. In 2020, Swiss shipments to China and India plunged as the coronavirus spread, and exports to India fell again this year when the Delta variant of the virus took hold there. SWISS TRADE DATA (KG) EXPORT (kg) Aug-21 116,442 Jul-21 94,081 Aug-20 112,004 SHIPMENTS TO KEY MARKETS (KG) To China To Hong Kong To India Aug-21 18,200 2,085 70,294 Jul-21 20,000 6,129 36,502 Aug-20 10,000 0 20,163 * Source: Swiss customs.
Persons: Peter Hobson, Jason Neely Locations: Swiss, India, China, Switzerland, SWISS, Hong Kong
The logo of Universal Music Group (UMG) is seen at a building in Zurich, Switzerland July 20, 2021. REUTERS/Arnd Wiegmann/File PhotoAMSTERDAM, Sept 21 (Reuters) - Universal Music Group's (UMG.AS) shares leapt more than a third in their stock market debut on Tuesday as investors bet a boom in music streaming still has a long way to run. read moreHere are facts about Universal and its flotation:FROM THE BEATLES TO BILLIE EILISHBy revenue, Universal Music Group or UMG is the largest of the "big three" record labels. Major competitors include Sony Music, part of Sony (6758.T), and Warner Music Group (WMG.O). REVENUES AND COVID-19 IMPACTUniversal reported earnings before interest, taxes, depreciation and amortization (EBITDA) of 1.49 billion euros on sales of 7.43 billion euros in 2020.
Persons: Arnd, Billie Eilish, Bob Dylan, EMI's, Pink Floyd, Vincent Bollore, China's Tencent, William Ackman's, Tencent, Universal, Toby Sterling, Sarah White, Keith Weir, Mark Potter Organizations: Universal Music, REUTERS, Universal, Sony Music, Sony, Warner Music Group, Decca Records, Spotify, YouTube, Vivendi, HK, William Ackman's Pershing Square Holdings, Thomson Locations: Zurich, Switzerland, British, U.S, South Korea, Brazil, India, Russia, Amsterdam, Europe's
The STOXX index of Europe’s biggest shares rose 0.6% while Wall Street futures rebounded 1% after the S&P 500 and Nasdaq suffered their biggest daily percentage drops since May on Monday. German and U.S. government bonds, in heavy demand amid the stock market selloff of Monday, saw yields slip 2-3 basis points respectively. MSCI’s index of world stocks was flat, having plunged 1.6% on Monday. Evergrande shares fell 4% as focus now shifts to Thursday when the company is due to make bond interest payments. Australian stocks rose 0.35% as miners BHP and Rio Tinto attempted to bounce back from nine-month troughs hit on Monday amid demand fears.
Persons: , , Angelo Meda, Hong, Evergrande, Hui Ka Yuan, Stephen Miller Organizations: Nikkei, SINGAPORE, Wall, Nasdaq, SIM, Japan’s Nikkei, BHP, Rio Tinto, Fed, Treasury, Brent Locations: LONDON, U.S, Milan, China’s, United States, Britain, Japan, Norway, South Africa, Sweden, Switzerland
The logo of Universal Music Group (UMG) is seen at a building in Zurich, Switzerland July 20, 2021. The company was spun off by France's Vivendi (VIV.PA), which handed a 60% stake in Universal to its shareholders. But that saw Vivendi's own shares plunge more than 20% as investors reassessed the media group's value without the music label. Shares in Bollore , which holds 27% of Vivendi (VIV.PA), were up 2.8%, while Amsterdam-listed shares of Bill Ackman's Pershing (PSH.AS) rose by around 5%. Before Universal, Amsterdam had attracted a record 14 IPOs so far this year.
Persons: Arnd, Billie Eilish, Bob Dylan, William Ackman, China's Tencent, Vincent Bollore, Bill Ackman's Pershing, Ackman, Justin Bieber, Toby Sterling, Sudip Kar, Gwenaelle, Ingrid Melander, Sarah White, Mark Potter Organizations: Universal Music, REUTERS, Vivendi, France's Vivendi, Universal, HK, Pershing, YouTube, Spotify, Euronext, European Union, Vivendi deprives, Thomson Locations: Zurich, Switzerland, AMSTERDAM, Europe's, Amsterdam, Bollore, Paris, Universal
Universal Music Group shares surge on stock market debut
  + stars: | 2021-09-21 | by ( ) www.reuters.com   time to read: +1 min
The logo of Universal Music Group (UMG) is seen at a building in Zurich, Switzerland July 20, 2021. REUTERS/Arnd Wiegmann/File PhotoAMSTERDAM, Sept 21 (Reuters) - Universal Music Group's shares (UMG.AS) surged at the start of trading on Tuesday, as the company behind singers such as Lady Gaga and Taylor Swift made its stock market debut. Universal Music Group (UMG) was trading at 25.50 euros by 0705 GMT, up by around 37.8% compared to their reference price of 18.50 euros. UMG's listing will be Europe's largest this year and will hand 60% of shares to the shareholders of French media conglomerate Vivendi (VIV.PA). Reporting by Toby Sterling, Ingrid Melander and Sarah White; Editing by Sudip Kar-GuptaOur Standards: The Thomson Reuters Trust Principles.
Persons: Arnd, Group's, Lady Gaga, Taylor Swift, Toby Sterling, Ingrid Melander, Sarah White, Sudip Kar Organizations: Universal Music, REUTERS, Vivendi, Spotify, Warner, Sony Music, Gupta, Thomson Locations: Zurich, Switzerland
Hong Kong’s Hang Seng set the tone, wobbling between losses and flat, leaving it down 0.1% by late afternoon. Japan’s Nikkei returned from a market holiday with a drop of 2%. “The Chinese property market was yet another thing for already twitchy markets to contend with,” he said. Evergrande shares fell 4% as focus now shifts to Thursday when the company is due to make bond interest payments. Wobbling cryptocurrencies found a floor, with bitcoin bouncing from a 1 1/2-month low of $40,193 to trade just shy of $43,000.
Persons: Seng, , hasn’t, , Kerry Craig, Evergrande, Dave Wang, Hui Ka Yuan, Stephen Miller, Wobbling cryptocurrencies Organizations: Nikkei, Japan’s Nikkei, Wednesday’s, Morgan Asset Management, Nuvest Capital, BHP, Rio Tinto, Fed, Treasury, , , Brent Locations: SINGAPORE, SYDNEY, China, Melbourne, China’s, Singapore, Britain, Japan, Norway, South Africa, Sweden, Switzerland, U.S, Asia
Currency, commodity and bond markets steadied, but overall demand for riskier assets remained low especially as the Federal Reserve is expected to step closer to tapering on Wednesday. China’s yuan steadied in offshore trade to recoup some of the losses that sent it to a three-week low on Monday. Evergrande shares fell 4% as focus there shifts to Thursday when the company is due to make bond interest payments. The 10-year U.S. Treasury yield crept up to 1.3277%, with moves capped as markets have an eye to the Fed. Investors are looking for the tapering timeline on its bond purchases as well as its board members’ long-term rates and economic projections.
Persons: Seng, , Dave Wang, Evergrande, George Boubouras, , Lehman, Jarrod Kerr, cryptocurrencies Organizations: Nikkei, SINGAPORE, midsession, Japan’s Nikkei, Federal Reserve, Nuvest Capital, BHP, Rio Tinto, K2 Asset Management, Treasury, Fed Locations: China, Asia, Singapore, China’s, Rio, Melbourne, Hong Kong, Brazil, Britain, Hungary, Indonesia, Japan, Norway, Philippines, South Africa, Sweden, Switzerland, Taiwan, Turkey
An investor sits in front of a board showing stock information at a brokerage office in Beijing, China, December 7, 2018. Asian markets were jittery in volumes thinned by public holidays in China, Taiwan and South Korea. Markets in mainland China and Taiwan were still closed on Tuesday while Korean markets remain shut through Wednesday. In the currency market, traders took solace after Hong Kong's stock markets stabilised. The yuan recovered most of its Monday drop to trade at 6.4700 per dollar.
Persons: Thomas Peter, Seng, Masahiro Ichikawa, Fortescue, Evergrande's wobbles, John Milroy, Ord Minnett, Hong, cryptocurrencies, Tom Westbrook, Shri Navaratnam, Ana Nicolaci da Organizations: REUTERS, Nikkei, TOKYO, Japan's Nikkei, HK, Sumitomo Mitsui DS Asset Management, Rio Tinto, Fortescue Metals, Treasury, U.S, U.S . Federal, Thomson Locations: Beijing, China, SYDNEY, Taiwan, South Korea, Hong Kong, Rio, U.S ., Brazil, Britain, Hungary, Indonesia, Japan, Norway, Philippines, South Africa, Sweden, Switzerland, Turkey, Asia, Ana Nicolaci da Costa
Both bonds would default if Evergrande fails to settle the interest within 30 days of the scheduled payment dates. Japan’s Nikkei fell 2.0%, resuming trade after a market holiday on Monday while MSCI’s broadest index of Asia-Pacific shares outside Japan lost 0.2%. MSCI’s ACWI shed 0.13%, a day after the gauge of the world’s 50 stock markets lost 1.63%, its biggest decline in two months, and leaving it teetering at its lowest level in two months. Nasdaq Golden Dragon China index of U.S.-listed Chinese shares tumbled 5.4% to edge near 15-month lows hit last month. Shares in Evergrande, which has been scrambling to raise funds to pay its many lenders, suppliers and investors, sank 10.2% on Monday.
Persons: Issei Kato, , Masahiro Ichikawa, ” Ichikawa Organizations: REUTERS, Japan’s Nikkei, Japan, Nasdaq, Regulators, Sumitomo Mitsui DS Asset Management, Investors, U.S, U.S . Federal Locations: TOKYO, China, Tokyo, Japan, Asia, Pacific, Taiwan, Evergrande, China’s, U.S ., Brazil, Britain, Hungary, Indonesia, Norway, Philippines, South Africa, Sweden, Switzerland, Turkey
An investor sits in front of a board showing stock information at a brokerage office in Beijing, China, December 7, 2018. Currency, commodity and bond markets steadied, but overall demand for riskier assets remained low especially as the Federal Reserve is expected to step closer to tapering on Wednesday. Evergrande (3333.HK) shares fell 4% as focus there shifts to Thursday when the company is due to make bond interest payments. The 10-year U.S. Treasury yield crept up to 1.3277%, with moves capped as markets have an eye to the Fed. Investors are looking for the tapering timeline on its bond purchases as well as its board members' long-term rates and economic projections.
Persons: Thomas Peter, Dave Wang, Evergrande, George Boubouras, Lehman, Jarrod Kerr, cryptocurrencies, Tom Westbrook, Shri Navaratnam, Ana Nicolaci da Organizations: REUTERS, Nikkei, SINGAPORE, midsession, Japan's Nikkei, Federal Reserve, Nuvest Capital, HK, Rio Tinto, K2 Asset Management, Treasury, Fed, Thomson Locations: Beijing, China, Asia, Singapore, China's, Rio, Melbourne, Hong Kong, Brazil, Britain, Hungary, Indonesia, Japan, Norway, Philippines, South Africa, Sweden, Switzerland, Taiwan, Turkey, Ana Nicolaci da Costa
WHO's Tedros wins German backing for second term
  + stars: | 2021-09-21 | by ( ) www.reuters.com   time to read: +2 min
World Health Organization (WHO) Director-General Tedros Adhanom Ghebreyesus attends a news conference organized by Geneva Association of United Nations Correspondents (ACANU) amid the COVID-19 outbreak, caused by the novel coronavirus, at the WHO headquarters in Geneva Switzerland July 3, 2020. Fabrice Coffrini/Pool via REUTERS/File PhotoBERLIN, Sept 21 (Reuters) - German Health Minister Jens Spahn backed a second term for World Health Organization chief Tedros Adhanom Ghebreyesus and called on other countries to support the former Ethiopian health minister ahead of a deadline this week. "We invite partner countries to join us nominating DG (Director General) Tedros," Spahn told Reuters. Those criticisms were echoed in a Wall Street Journal editorial on Tuesday arguing against a second term. While Tedros has not publicly acknowledged his plans to run again for a second five-year term, saying he was focusing on fighting the pandemic, four sources said he is the only known candidate.
Persons: Tedros Adhanom Ghebreyesus, Fabrice Coffrini, Jens Spahn, Tedros Adhanom, Tedros, Spahn, Trump, Andreas Rinke, Emma Thomasson, Keith Weir, Kirsti Knolle, Alison Williams Organizations: Health Organization, WHO, Geneva Association of United Nations, German, World Health Organization, Ethiopian, Reuters, Thomson Locations: Geneva Switzerland, Germany, Ethiopia, Tigray, China
Federer says 'feeling strong' after knee surgery
  + stars: | 2021-09-21 | by ( ) www.reuters.com   time to read: +2 min
Federer, who pulled out of the U.S. Open, said in August he would be sidelined for many months because he needed more knee surgery in order to resume playing. "I'm feeling actually really good ... things are not as I hoped they would be, but I'm recovering well and the rehab is going really good," Federer told Eurosport. I'm feeling strong and excited for what's to come. I wish I could be back on a tennis court as quick as possible, but I have to be patient. "I think it is possible that it's going to happen again," said Federer.
Persons: Switzerland's Roger Federer, Britain's Cameron Norrie, Toby Melville, Roger Federer, Federer, I've, Rafa Nadal, Novak Djokovic, Djokovic, Russia's Daniil Medvedev, Novak, Rafa, Manasi Pathak, Richard Pullin Organizations: Wimbledon, U.S ., All England, Eurosport, U.S, Thomson Locations: Swiss, New York, Bengaluru
If I’m the only person wearing a mask in a store or other indoor location, am I really protected from infection? It’s true that masks work best when everyone in the room is wearing one. And when fewer viral particles are floating around the room, the masks others are wearing would likely block those that have escaped. But there is also plenty of evidence showing that masks protect the wearer even when others around them are mask-free. And a Tennessee study found that communities with mask mandates had lower hospitalization rates than areas where masks weren’t required.
Persons: , Linsey Marr Organizations: Virginia Tech Locations: Switzerland, Tennessee
Art Basel Reasserts Its Importance at Home
  + stars: | 2021-09-21 | by ( Ted Loos | ) www.nytimes.com   time to read: 1 min
Since the coronavirus pandemic began, art fairs have gone through several permutations, from online only to fully in person, along with several varieties of hybrids. To many in the art world, the format and fate of Art Basel in Basel, Switzerland, the fair scheduled to take place from Friday to Sunday, is especially important, given that it is “the mother of all art fairs,” in the words of the London-based dealer Pilar Corrias. “There are too many fairs around the world, and not all will survive,” Ms. Corrias said. “But we need Basel.”The fair first took place in 1970 and now has editions in Miami Beach and Hong Kong. More than 270 galleries are scheduled to show inside the Messe Basel exhibition hall — the first such gathering in Basel since 2019 — and, like the Hong Kong fair that took place in May, this one is actually a hybrid, with a concurrent online viewing room.
Persons: Pilar Corrias, Ms, Corrias Organizations: Basel, Messe, Hong Kong Locations: Basel, Switzerland, London, Miami Beach, Hong Kong, Messe Basel, Hong
Covid Updates: Duterte Accuses Rich Nations of Hoarding Covid Vaccines An extra dose of the Johnson & Johnson vaccine raises protection, the company says. The data, presented in a news release, has been submitted to the Food and Drug Administration, Johnson & Johnson said. Up to five months after vaccination, the effectiveness of the Johnson & Johnson vaccine against hospitalization remained steady at around 81 percent. Many people got their Johnson & Johnson shot far more than eight weeks ago. Credit Credit...
Persons: Rich, Johnson, Duterte, Rodrigo Duterte, Spencer Platt, Mr, , Johnson’s Janssen, Tobias Schwarz, Alex Plavevski, Christina, Deshaun, Tamir Kalifa, Lorena Tule, Romain, , Michelle Goebel, Goebel, Allison Zaucha, LaBerge, I’m, Covid, Randi Weingarten, Weingarten, Sarah Mervosh, Eric Adams, N.Y.C, , Shams Da Baron, James Estrin, Adams, Bill de Blasio, Andrew M, Cuomo, Adams’s, de Blasio, “ Adams, Laura Mascuch, Shams, Baron, Da Baron, Joe Raedle, Katie Wait, “ It’s, Wait, Biden, hasn’t, wouldn’t, Emma Bubola, Maria Mavropoulou, Vassilis, Brittainy Newman, Linsey Marr, Michael Probst, Kai Fuhrmann, Fuhrmann, We’ve, That’s, Darrian Traynor, William West, Daniel Andrews, Doug Mills, ” Mr, blindsided, Donald J, , Xi Jinping, Xi, General António Guterres, ” “ We’re, we’ve, ” Michael D, David E, Sanger, Unvaccinated, Bolsonaro, Boris Johnson, Britain, Jair Bolsonaro, “ Boris, ” “, Stefan Jeremiah, “ I’ve, Jantar, — Ministro Luiz Ramos, Luiz Ramos, ’ U.N, General Says António Guterres, António Guterres, Eduardo Munoz Alvarez, Guterres, Peace Organizations: Johnson, United Nations General Assembly, Credit, United Nations, Assembly, Covid, Agence France, Food and Drug Administration, Pfizer, ., The New York Times, Kaiser Family Foundation, American Federation of Teachers, New York Times, Democratic, Network of New, Travelers, Miami International Airport, European, Bank of Greece, European Union, coronavirus, , Virginia Tech, Associated Press, Melbourne Construction Workers, Police, United States, West, AstraZeneca, ” “ AstraZeneca, Oxford University, General, Solidarity, General Assembly Locations: , Philippines, Asia, United States, Harbin, China, Heilongjiang Province, Russia, San Antonio , Texas, Dallas, Atlanta, Carlsbad, Calif, Katy , Texas, New York City, Sunset, Manhattan, New York, , Network of New York, Europe, Florida, Britain, European Union, Brazil, India, Iran, South Africa, St, Augustine, Fla, America, Greece, The New York Times Greece, Switzerland, Tennessee, Germany, Idar, Oberstein, Melbourne, Australia, Victoria, United, Afghanistan, United Nations, States, U.S, Kabul, South America’s, Ethiopia, Yemen, Myanmar, Portuguese
REUTERS/Denis BalibouseLONDON, Sept 22 (Reuters) - INEOS [RIC:RIC:INEOSG.UL] said on Wednesday it will convert its vast Scottish petrochemicals plant and oil refinery at Grangemouth to run on hydrogen at a cost of more than 1 billion pounds ($1.4 billion) to make it 'net zero' for carbon emissions by 2045. Britain has a target to reach net zero by 2050 and has significantly reduced emissions from power generation, but has found it harder to cut industry's carbon footprint. Andrew Gardner, Chairman of INEOS Grangemouth said the company would initially use gas to produce its own hydrogen on site, so-called blue hydrogen, with at least 1 million tonnes of carbon dioxide (CO2) stored and captured by 2030. "The next stage would be using green hydrogen," Gardner told Reuters, to bring the entire site to net zero by 2045. INEOS said in July it would work with the Acorn carbon capture and storage project in Scotland, which aims to store CO2 emissions in the North Sea.
Persons: Denis Balibouse, Andrew Gardner, Gardner, INEOS, Susanna Twidale, Alexander Smith Organizations: REUTERS, Denis Balibouse LONDON, Reuters, BP, Thomson Locations: Rolle , Switzerland, Scottish, Grangemouth, Britain, Scotland, North
LONDON (Reuters) - AerCap expects further consolidation in the global aircraft leasing sector after its takeover of General Electric’s leasing business, a senior executive said on Monday. REUTERS/Pierre AlbouyThe combination of the world’s two largest aircraft leasing companies, which will rank as the largest buyer of airliners built by Airbus and Boeing, is due to be completed by the end of the year. Who buys who is a completely different question which I don’t know the answer to.”The aircraft leasing sector finances 50-60% of all new passenger aircraft deliveries, its highest ever level, Anderson said. They “are going to be a little more conservative with the lessors in terms of who they sell to and how big they sell,” Anderson said. AerCap is facing a mixed recovery in the airline sector, Anderson said.
Persons: Pierre Albouy, Peter Anderson, , , Anderson, ” Anderson, “ It’s Organizations: AerCap, REUTERS, Airbus, Boeing, Airline Economics Locations: Cointrin, Geneva, Switzerland, London, Southeast Asia
An Airbus A321-212 of Iberia airlines is seen in front as an Airbus A330-303 of Turkish Airlines takes-off from Zurich Airport, Switzerland July 10, 2021. REUTERS/Arnd WiegmannMADRID, Sept 20 (Reuters) - Spanish airline Iberia will seek to negotiate furlough deals directly with unions should Spain's force majeure government furlough scheme, set to expire at the end of September, not be extended for the aviation sector, the company said on Monday. read moreIt did not give further details of what any possible deal could entail. "The slowdown of the economic recovery and the growing uncertainty as to whether, and under which conditions, the force majeure furloughs will apply to the aerial sector have spurred Iberia to begin negotiations with its labour unions," the company said in a statement. Reporting by Clara-Laeila Laudette; Editing by Nathan Allen and Jan HarveyOur Standards: The Thomson Reuters Trust Principles.
Persons: Wiegmann, Clara, Laeila, Nathan Allen, Jan Harvey Organizations: Airbus, Turkish Airlines, Zurich Airport, REUTERS, IAG, Air Europa, Thomson Locations: Iberia, Switzerland, Wiegmann MADRID, United States, Latin America, Japan, China, Spain
FILE PHOTO: The logo of Universal Music Group (UMG) is seen at a building in Zurich, Switzerland July 20, 2021. REUTERS/Arnd Wiegmann/File PhotoPARIS/AMSTERDAM (Reuters) -Universal Music Group is valued at around 33.5 billion euros ($39.30 billion) ahead of the famed record label’s spin-off from France’s Vivendi and stock market debut in Amsterdam on Tuesday. Universal Music Group’s (UMG) spin-off will be Europe’s largest listing this year and will hand 60% of shares to Vivendi shareholders. Several high-profile investors have also already snapped up chunky Universal stakes, banking the group’s back catalog of superstars, including the Beatles, and its push into social media app deals will sustain its performance and valuation. As well as Ackman, whose songwriting grandfather sold lyrics that are now owned by the music group, China’s Tencent will also hold 20%.
Persons: Arnd, Lady Gaga, Taylor Swift, William Ackman, Tencent Organizations: Universal Music, REUTERS, Universal, Vivendi, Euronext, Warner, Sony Music, Sony Group Corp, chunky Universal Locations: Zurich, Switzerland, AMSTERDAM, Amsterdam
FILE PHOTO: The Swiss National Bank (SNB) logo is pictured on its building in Bern, Switzerland June 17, 2021. Evidence of SNB intervention shows up in so-called “sight deposits” - money that commercial banks park overnight with the SNB. Banks’ sight deposits rose by 3.75 billion francs in August, versus an increase of 10.99 billion francs in August last year, based on Refinitiv data. Graphic: SNB sight deposits:Graphic: Equity:BALANCE SHEETAnother powerful driver of franc strength may come from the SNB’s own holdings. ($1 = 0.9309 Swiss francs)
Persons: Arnd, Karsten Junius, Sarasin, Junius, ” Junius, Banks, Stephen Jen, Joana Freire, SLJ, , Gero Jung Organizations: Swiss National Bank, REUTERS, Analysts, Nestle, Roche, Apple, Microsoft, Amazon, U.S . Securities, Exchange Commission, Bank Mirabaud Locations: ZURICH, Bern, Switzerland, , Swiss, Geneva
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