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Analysts said this would pit Samsung, which has around 20% of the global smartphone market, against low-cost Chinese smartphone rivals like Xiaomi, OPPO and Vivo in markets outside China. "We expect strong fundamental demand centering around servers, and solid mobile demand from expansion of 5G models," said Han Jin-man, Executive VP of memory chip business. For non-memory chips, Samsung said supply was expected to remain tight due to increased take-up of 5G-capable devices, demand for high performance computing, increased outsourcing from chip design and manufacturing firms, and continued inventory demand. Still, analysts said the profits were lower than the market had expected due to conservative shipments of memory chips, R&D costs and one-off year-end bonuses. Samsung said it came in below its initial guidance for memory chip shipments after deciding not to push aggressively to expand sales, signalling a push to prioritise profits over volume.
Persons: Steve Marcus, Samsung, Kim Sung, koo, Kim, Han Jin, Sung, Ben Suh, 1,202.8400, Joyce Lee, Heekyong Yang, Richard Pullin Organizations: Samsung Galaxy, Las Vegas Convention, REUTERS, Samsung Electronics Co, Analysts, Samsung, South, Cape Investment & Securities, Revenue, Thomson Locations: Las Vegas , Nevada, U.S, SEOUL, KS, Vivo, China
Southeast Asia's largest economy wants to attract 1,200 trillion rupiah ($83.43 billion) in investment this year, from both domestic and foreign sources, up from 2021's 901.02 trillion rupiah, Investment Minister Bahlil Lahadalia told an online news conference. Last year, Indonesia recorded 454 trillion rupiah of FDI, up 10% from 2020 and representing more than half of total investment. Register now for FREE unlimited access to Reuters.com Register"The priority focus for investment in 2022, firstly we must refer to the grand vision of our president, which is transformation and downstreaming (of natural resources)," Investment Minister Bahlil Lahadalia told a news conference. read moreThe minister also said he will urge Taiwan-based Foxconn (2317.TW) to realize a planned Indonesian investment to develop electric cars. President Joko Widodo has said he wants the resource rich country to stop exporting unprocessed bauxite, copper, tin and gold in its next move to attract investment.
Persons: Willy Kurniawan, Bahlil Lahadalia, Bahlil, Joko Widodo, Gayatri Suroyo, Bernadette Christina Munthe, Martin Petty, Ed Davies Organizations: REUTERS, Investment, South Korea's LG, Amperex Technology, Thomson Locations: Jakarta, Indonesia, JAKARTA, Bukit, North Kalimantan, Taiwan, Singapore, Hong Kong, China, United States, Japan
After weeks of stock selling, Wall Street strategists have advised that it's time to buy the dip. UBS identifies 15 beaten-down growth stocks that it deems attractive and could surge at least 32%. After a long-promised 10% pullback in stocks, Wall Street strategists have given investors the green light to buy the dip. Some growth stocks still look attractiveAmid the recent bouts of sell-offs, investors have rapidly cycled out of high-growth tech stocks and into value-tilted names. Based on UBS' price targets, these names could surge anywhere between 32% to 105%.
Persons: Goldman Sachs, Peter Oppenheimer, Dubravko Lakos, Greg Boutle, Keith Parker, Parker, Joseph Parkhill Organizations: Wall Street, Nasdaq, UBS, JPMorgan, Fed, BNP, UBS Research Locations: Russia, Ukraine
M&G plc logo is seen on a smartphone in front of displayed same logo in this illustration taken, December 1, 2021. REUTERS/Dado Ruvic/IllustrationSummary M&G takes majority stake in responsAbility Investments AGAlso buys majority stake in Greencore ConstructionLONDON, Jan 27 (Reuters) - British asset manager M&G (MNG.L) had agreed to buy majority stakes in impact investor responsAbility Investments AG and green builder Greencore Construction, it said on Thursday, part of a drive to boost its sustainability credentials. The move into Switzerland-based responsAbility Investments comes as M&G looks to position itself as a leader in impact investing, which focuses on achieving environmental and social gains as well as solid financial returns. ResponsAbility has $3.7 billion in assets and has invested more than $11 billion in emerging markets since 2003, M&G said. “There is strong and growing demand for impact and sustainable investment products from our clients," said M&G Chief Investment Officer Jack Daniels.
Persons: Dado Ruvic, ResponsAbility, Jack Daniels, Greencore, Simon Jessop, Jan Harvey Organizations: G, REUTERS, responsAbility Investments, Allianz Global Investors, Prudential, Thomson Locations: British, Switzerland, policyholders, Britain
Amazon made a bid in May for studio MGM, setting off a flurry of M&A activity in Hollywood. Dealmakers said independent production companies are valuable amid the streaming wars and demand for programming. Many production companies make work-for-hire or don't control the rights to a project once it is sold off to a studio distributor. Based on interviews with five entertainment industry experts and insiders, Insider identified a list of 12 production companies that could be compelling acquisition targets as M&A activity continues. 12 Hollywood M&A targets with production capabilities and brand recognition
Persons: Dealmakers, Reese Witherspoon's, Will Smith, Jada Pinkett Smith's, Anthony Russo's AGBO, Nexon, Ryan Baker, LeBron James, Maverick Carter, nabbed, Jeffrey Wlodarczak, PJT, Russo, Organizations: Amazon, MGM, Jada Pinkett Smith's Westbrook Inc, Blackstone, Media, Hollywood, Waymaker, Apple, Candle Media, SpringHill Co, Redbird Capital, Nike, Epic, PJT Partners, Street, STX Entertainment, Najafi Companies, Lionsgate, Variety, Skydance Media, MRC, Marvel Locations: Hollywood
Jessica Glendenning, a 15-year veteran of Target, is behind Gopuff's private label, Basically. In the past, private-label brands tended to be plastic bags of knockoff cereal and jars of peanut butter with the same branding as wartime rations. Gopuff's initial line of products under its private label Basically, including bottled water, paper towels, and habanero-BBQ almonds. Private-label products will be key to ultrafast-delivery companies' growth, said Brittain Ladd, a retail and logistics consultant. The goal, she added, is to "curate" Gopuff's selection of private-label items.
Persons: Jessica Glendenning, , Glendenning, Gopuff, Brittain Ladd, Ladd, It's, Axios Organizations: Target, Walmart, Foods, DTC, Private
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Organizations: Wall Street
Laka, an insurance startup based in London, recently brought in $12 million in Series A funding. Founded in 2017, Laka has moved further into the mobility industry in recent years. Laka, an insurance startup based in London, has brought in $12 million in Series A funding as it pushes into Europe. The startup works with cycling companies like Raleigh and Le Col; the outdoor-sports retailer Decathlon; and last-mile delivery companies such as Zapp. "We've branched out from just the retail to commercial side across what we are calling 'green mobility,'" Tobias Taupitz, Laka's cofounder and CEO, told Insider.
Persons: Laka, Le, Zapp, Tobias Taupitz, it's, Taupitz Organizations: Autotech Ventures, Ponooc, ABN AMRO Ventures Locations: London, Raleigh, Europe, Dutch, Netherlands, France, Belgium, Germany
TD Bank Targets 2,000 Tech Hires in 2022
  + stars: | 2022-01-26 | by ( Isabelle Bousquette | ) www.wsj.com   time to read: +3 min
TD Bank Group on Wednesday announced plans to make more than 2,000 technology hires in 2022 as part of its goal to accelerate the delivery of digital products. TD, which includes The Toronto-Dominion Bank and its subsidiaries, is looking for candidates with skills in cloud technology, cybersecurity, artificial intelligence and data, said Greg Keeley, who heads the bank’s Platforms and Technology teams. Photo: Toronto-Dominion Bank Group“The market is very, very competitive,” said Mr. Keeley. As the bank hires new tech talent, it will continue to provide current staff training in Java, Python and Microsoft Corp.’s Azure, among other tech skills. “If you create an environment like that, you get great talent, and great talent gets great talent,” Mr. Keeley said.
Persons: Greg Keeley, , Keeley, , it’s, that’s, TD, Ryan Sutton, Robert Half’s, Sutton, ” Mr, Isabelle Bousquette Organizations: Group, Wednesday, Dominion Bank, Technology, Dominion Bank's Technology, Dominion Bank Group, Databricks Inc, Mr, Microsoft Corp Locations: Toronto
Raven Software's parent company Activision Blizzard declined to voluntarily recognize the union. Raven Software is a subsidiary of Activision Blizzard, owner of the wildly popular Call of Duty franchise. A spokesperson for Activision told gaming news site Polygon that the company had declined to recognize the union. If the NLRB ratifies the union, Raven Software will be legally obligated to negotiate with it. Microsoft announced last week it plans to buy Activision Blizzard in an all-cash deal valued at around $68.7 billion.
Persons: Raven, Activision Blizzard, Polygon Organizations: Raven Software, Activision, Service, Privacy, Game Workers Alliance, Activision Blizzard, Duty, Communications Workers, America, Washington Post, CWA, National Labor Relations Board, NLRB, Post, Software, Microsoft Locations: California
Chinese hackers target German pharma and tech firms
  + stars: | 2022-01-26 | by ( ) www.reuters.com   time to read: +1 min
German and Chinese national flags fly in Tiananmen Square ahead of the visit of German Chancellor Angela Merkel in Beijing, China, May 23, 2018. REUTERS/Thomas Peter/File PhotoBERLIN, Jan 26 (Reuters) - Chinese hacker group APT 27, long suspected of launching attacks on Western government agencies, has started targeting German companies in sectors such as pharmaceuticals and technology, Germany's Federal Office for the Protection of the Constitution (BfV) said on Wednesday. In its annual constitutional protection report from 2019, the BfV had pointed out the group's acronym APT 27 is an alias for a Chinese hacker group also known as the "Emissary Panda," which is believed to target foreign embassies and critical sectors. Last year, the United States and its allies accused China of a carrying out a global cyberespionage campaign. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Zuzanna Szymanska Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.
Persons: Angela Merkel, Thomas Peter, Jan, Panda, Zuzanna, Mark Potter Organizations: REUTERS, APT, Federal, Thomson Locations: Tiananmen, Beijing, China, United States
The Universities Superannuation Scheme is giving £5 billion of its £82 billion AUM a climate tilt . Pension schemes can play a significant role in meeting global climate change targets. The news: The Universities Superannuation Scheme's (USS) investment management arm announced £5 billion ($6.4 billion) of its £82 billion ($110.62 billion) assets under management (AUM) will now have a climate tilt. The USS is the UK's largest private pension scheme, provided by staff of UK higher education institutions. Pension schemes can play a significant role in meeting global climate change targets.
Organizations: Intelligence, USS, Legal, General Investment Management, UN, Exxon Mobil, Investment
The logo of the Organisation of the Petroleum Exporting Countries (OPEC) sits outside its headquarters ahead of the OPEC and NON-OPEC meeting, Austria December 6, 2019. The source added that high oil prices were also hurting profit margins of Russian refineries. "We are very likely to go for another 400,000 barrels per day," one of the OPEC+ sources said. OPEC+ missed its production target by 790,000 bpd in December as members such as Nigeria and Angola struggled to raise output, the International Energy Agency said. Some OPEC+ sources however, believe that the recent price rally is driven more by geopolitical tensions than fundamentals.
Persons: Leonhard Foeger, Jan, Morgan Stanley, JP Morgan, Alex Lawler, Ahmad Ghaddar, Rowena Edwards, Maha El, Olesya, Jason Neely Organizations: of, Petroleum, REUTERS, Reuters, Organization of, International Energy Agency, Thomson Locations: Austria, DUBAI, MOSCOW, OPEC, Russia, United States, Nigeria, Angola, London, Maha El Dahan, Dubai, Moscow
A new wave of companies is helping marketers get consumers to share their data and manage the information. Insider identified the top 16 privacy tech vendors in the space. Insider has identified the top 16 privacy tech vendors that work in the advertising industry , based on nominations and our own reporting. It includes established giants like LiveRamp, which offers a data cleanroom where advertisers and publishers can share data. There also are new players like TerraTrue, a startup founded in 2019 by two Snap vets, which automates the process by which advertisers audit their tech vendors for privacy violations.
Organizations: Protection
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVery broad committee support to raise target range for Federal funds rate, says Jerome PowellFed Chairman Jerome Powell takes questions from the press after the Fed announced it would be holding rates steady, but that it would soon be appropriate to raise the Fed funds rate target range.
Persons: Jerome Powell Organizations: Fed
Following a violent protest against the extreme right in Nantes, Interior Minister Gerald Darmanin said he would shut down "Nantes Révoltée", a local media platform, which had relayed information about the protest. Days earlier, he had announced plans to close the website "La Voie Droite", which publishes Islamic religious content. Register now for FREE unlimited access to Reuters.com RegisterThe government has been making increasing use of powers to shut down organisations or groups. Raphael Kempf, a lawyer for Nantes Révoltée, said that a website sharing information on an event could not be held responsible for what happens there. The French Interior Ministry did not immediately respond to Reuters' request for comment.
Persons: Gerald Darmanin, Macron, Charles Platiau, Jan, Nante Révoltée, Darmanin, Raphael Kempf, Samuel Paty, Voie Droite, Noémie, Layli Foroudi, Alex Richardson Organizations: French, REUTERS, Nantes, Ministry, Interior, of State, Nantes Révoltée, French Interior Ministry, Reuters, Thomson Locations: Paris, France, Nantes
Moderna started a clinical trial to study the safety and effectiveness of a booster shot that specifically targets the omicron Covid variant, the company announced Wednesday. The first participant in the phase two trial has already received a dose of the omicron-specific booster shot, according to the company. Participants in the first group will have previously received two-doses of Moderna's original vaccine, and participants in the second group will have previously received the two-dose vaccine and the currently authorized booster shot. Moderna also published data on how its 50 microgram booster shot is holding up against omicron. "Nonetheless, given the long-term threat demonstrated by Omicron's immune escape, we are advancing our Omicron-specific variant vaccine booster candidate," Bancel said.
Persons: Stephane Bancel, Bancel Organizations: Moderna, Giorgio Companies, CATE Mobile, Unit, omicron Locations: Blandon , PA
WASHINGTON — The Biden administration is considering barring tech exports to Russia as a way of targeting its strategic sectors if Moscow invades Ukraine, a senior administration official said Tuesday. These "novel export controls" would be imposed in addition to sanctions and would have a similar, damaging affect, the official said. The goal would be to deliberately target sectors that Russia President Vladimir Putin has championed as a way for Russia to diversify its economy beyond oil and gas. The news of the plans come as Russia held military drills across its territory Tuesday amid concerns it could invade Ukraine. The administration official suggested that the U.S. and European Union are unified in their position on imposing possible sanctions on Russia, describing them as unprecedented measures with massive consequences.
Persons: WASHINGTON —, Biden, Vladimir Putin, John Kirby, Joe Biden, Gregory Meeks, Kyiv “, Nancy Pelosi, Chuck Schumer, Mitch McConnell, Organizations: U.S, Union, Pentagon, NATO, Rep, House Foreign Affairs Committee, EU, Ukrainian, House, State Department Locations: Russia, Moscow, Ukraine, United States, U.S, Brussels, , Eastern Europe, Belarus, Kyiv, Ky, Kentucky
The state-run WAM news agency said that missile fragments fell harmlessly over Abu Dhabi. Bill Urban, a spokesperson for U.S. Central Command, in a statement acknowledged the assistance of American Patriot missile batteries prevented the Houthi missiles from striking targets in Abu Dhabi. The missile fire disrupted traffic into Abu Dhabi International Airport, home to the long-haul carrier Etihad, for about an hour after the attack. The Abu Dhabi Securities Exchange also fell slightly. A satellite image from Planet Labs PBC analyzed by The Associated Press early Tuesday confirmed the strike took place near the city of al-Hazm, around 840 miles southwest of Abu Dhabi.
Persons: Yemen’s Houthi, Yemen’s, ” WAM, Bill Urban, ” Urban, Yehia Sarei, Zulfiqar, ” Sarei, Saudi Arabia …, , Torbjorn Soltvedt, Verisk, Jake Sullivan, Ayatollah Ali Khamenei, Organizations: United Arab Emirates, U.S ., Dhafra, Base, Patriot, Emirates, The Emirates, UAE Defense Ministry, U.S . Central Command, American Patriot, Abu Dhabi International Airport, Etihad, NBC, Al, Dubai Financial, Abu, Abu Dhabi Securities Exchange, U.S . Air Force’s, 380th Air Expeditionary, Embassy, U.S . National, Emirati, Saudi, Emirati Defense Ministry, Defense Ministry, Planet Labs, The Associated Press, Abu Dhabi National Oil Co, UAE Locations: Abu Dhabi, Persian, , Al, Dubai, UAE, British, U.S, Saudi Arabia, Abu, Yemen’s, Jawf, al, Saudi, Yemen, Jizan, Bangladeshi
New EPA Rules to Target Power Plant Pollution
  + stars: | 2022-01-25 | by ( Timothy Puko | ) www.wsj.com   time to read: 1 min
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Organizations: Wall Street
Computer code is seen on a screen above a Chinese flag in this July 12, 2017 illustration photo. REUTERS/Thomas White/Illustration/File PhotoBEIJING, Jan 25 (Reuters) - The Cyberspace Administration of China (CAC) on Tuesday launched a month-long "clean cyberspace" campaign, which it said would target online abuse, "chaos" in celebrity fan groups and "money worship", among other issues. CAC made the announcement on its official WeChat account on Tuesday, saying that it would closely look at content platforms and advertisements as part of the campaign over the Spring Festival period. read moreThe Spring Festival period, also known as the Lunar New Year, is one of China's biggest holidays and is marked by a week-long holiday. It will also strictly prevent "illegal and immoral" celebrities from holding any online events that could help them make a comeback, it added.
Persons: Thomas White, Jan, Gabriel Crossley, Sophie Yu, Christopher Cushing, Michael Perry Organizations: Cyberspace Administration of China, Tuesday, CAC, Reuters.com Register China, Thomson Locations: BEIJING
EV sales could hit 3 million by 2024, but the US has fewer than 50,000 charging stations. Nationwide, there are currently about 46,770 charging stations, according to data from the Department of Energy. VoltaWhat it is: An electric-vehicle charging infrastructure company focused on installing public charging stations. Why it stands out: Volta focuses its efforts on selling charging stations to businesses and other commercial land owners in a bid to expand available public EV charging stations. Why it stands out: Blink, with its 30,000 charging stations, could be among the bargain acquisition possibilities.
Persons: Quin Garcia, ChargePoint, Revel, Uber, Meir Dardashti Organizations: Energy, Bank of America, Department of Energy, Shell, BP, Autotech Ventures, Maniv Mobility, General Motors Locations: Europe, SPAC, New York City, Manhattan, North America, Brooklyn, Tel Aviv, Israel
Pfizer CEO Albert Bourla told CNBC earlier this month that the company will have a vaccine that targets omicron ready by March. The vaccine will also target the other Covid variants that are circulating, Bourla said. BioNTech CEO Ugur Sahin said there's growing data indicating that the efficacy of the current vaccine against infection and mild-to-moderate disease from omicron is waning more rapidly compared with prior strains of the virus. The goal is to develop a vaccine that provides durable protection against omicron, Sahin said in a statement Tuesday. However, the study found that boosters weaken substantially after about 10 weeks, providing 45% to 50% protection against symptomatic infection.
Persons: Albert Bourla, Bourla, Ugur Sahin, Sahin, Kathrin Jansen Organizations: Pfizer, BioNTech, Hartford Hospital, CNBC, Disease Control, Booster, . Health Security Agency Locations: Hartford , Connecticut
A vial and sryinge are seen in front of a displayed Pfizer and Biontech logo.REUTERS/Dado Ruvic/IllustrationNEW YORK, Jan 25 (Reuters) - Pfizer Inc (PFE.N) and BioNTech SE said on Tuesday they started a clinical trial to test a new version of their vaccine specifically designed to target the COVID-19 Omicron variant, which has eluded some of the protection provided by the original two-dose vaccine regimen. The companies plan to test the immune response generated by the Omicron-based vaccine both as a three-shot regimen in unvaccinated people and as a booster shot for people who already received two doses of their original vaccine. They are also testing a fourth dose of the current vaccine against a fourth dose of the Omicron-based vaccine in people who received their third dose of the Pfizer/BioNTech vaccine three to six months earlier. Pfizer has said that a two-dose regimen of the original vaccine may not be sufficient to protect against infection from the Omicron variant, and that protection against hospitalizations and deaths may be waning. Still, the U.S. Centers for Disease Control and Prevention says a third dose of an mRNA vaccine like the Pfizer/BioNTech vaccine has provided 90% protection against hospitalization due to COVID-19.
Persons: Biontech logo.REUTERS, Dado Ruvic, Kathrin Jansen, Michael Erman, Leslie Adler Organizations: Pfizer, Pfizer Inc, Omicron, U.S . Centers for Disease Control, Thomson Locations: Israel
Big advertisers promised to spend more with Black-owned media in the wake of Black Lives Matter protests. Some Black media executives expressed skepticism about their efforts. Many Black-owned media companies, being small, also lack the digital infrastructure to sell ads programmatically and measure campaign performance. The debate over 'Black media investment'Many advertiser pledges to spend more in Black-owned media disqualifies many properties popular with Black audiences. Others like Travis Montaque, co-founder of Black-owned media collective Group Black, argue that focusing on Black-owned companies is what would ultimately help the Black community.
Persons: they've, George Floyd, Breonna Taylor, Tony Wells, Byron Allen, McDonald's, Allen, WPP's GroupM, Detavio Samuels, Lynnwood Bibbens, Black execs, Marla Kaplowitz, David Campanelli, TV's Samuels, Samuels, Oprah, Oprah Winfrey, Tina Perry, Travis Montaque, Deborah Wahl, Sean, Diddy, Combs, Gary Coichy, we'll, Oprah Winfrey Network's Perry, Martin Luther King, ReachTV's Bibbens, Bibbens, I'm, it's Organizations: Verizon, Black, Americans, Companies, GM, Verizon Chief, Weather Channel, Horizon Media, Target, Viacom, BET, Oprah Winfrey Networks, Brands, Pod Digital Media, NGL Media, Black Owned Media Equity, Sustainability Institute, General, Cadillac, PepsiCo, Digital Media, Cola, Paley Locations: Black, America
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