DIRS.INFO The most relevant business & tech news

☆ Kane savours magic moment as he becomes England's top scorer
▼ + stars: | 2023-03-23 | by ( ) www.reuters.com time to read: +3 min

On Thursday against Italy, Kane netted his 54th goal for his country in 81 appearances to surpass Rooney in the record books. Kane fired home a penalty shortly before halftime in Naples in England's 2-1 victory to become his country's all-time top scorer. Rooney, whose 53 goals came in 120 games, was one of the first to congratulate the England captain Kane. "Congratulations to Harry Kane on becoming England's all-time leading goalscorer. Kane, 29, had already set one goalscoring record this season, having gone past Jimmy Greaves's haul of 266 goals for Tottenham last month.

☆ Rome hopes to reverse decline and relive La Dolce Vita
▼ + stars: | 2023-03-17 | by ( Giselda Vagnoni | ) www.reuters.com time to read: +6 min

[1/5] General view of the Colosseum next to a subway's construction sites in Rome, Italy, February 16, 2023. However, flailing public services can make La Dolce Vita seem a remote dream, for both visitors and residents alike. "It is the biggest investment plan Rome has ever had," Gualtieri told Reuters. "Milan was turned around by the EXPO and has become a city capable of attracting capital from all over the world. Rome is an incredible place and second to none," Luca Luciani, head of BAI Communications Italia, told Reuters.

☆ Apple supplier Foxconn expects decline in consumer electronics demand, prioritizes global growth
▼ + stars: | 2023-03-15 | by ( Rohan Goswami | ) www.cnbc.com time to read: +2 min

Major Apple supplier Foxconn reported a 10% year-over-year decline in profit for 2022 and anticipated a decline in consumer electronics demand for the full year ahead, the company said in its earnings report Wednesday. The negative sentiment reflected Apple's muted expectations for consumer sales. The company added iPhone sales will decline less in the March quarter compared to the Dcember quarter. Taiwan-based Foxconn is a major manufacturer for consumer technology firms, but is best known for its relationship with Apple, which relies on Foxconn to produce and assemble its iPhone, among other products. The Chinese government has since pulled back on the most aggressive of its Covid protocols, but Apple and other major technology companies have emphasized to suppliers a need to diversify beyond China.

☆ Quotes: Global banks under pressure as SVB triggers contagion worries
▼ + stars: | 2023-03-14 | by ( ) www.reuters.com time to read: +8 min

LONDON, March 14 (Reuters) - The health of the global banking sector as interest rates rise remained in the spotlight on Tuesday in the wake of the collapse of Silicon Valley Bank (SVB). But days of wild swings in global markets and hefty losses in bank shares, left the outlook for the sector in focus. Banks are now faced with the classic problem that has threatened banks throughout history: a mismatch in terms between assets and liabilities." Hopefully we'll go over the next few days, whether or not the financial system is going to calm down or not. "It’s been an indiscriminate sell off in banking stocks, the financial sector repriced everywhere.

☆ ECB deposit rate to peak at 3.75% or higher as inflation stays sticky: Reuters poll
▼ + stars: | 2023-03-10 | by ( Jonathan Cable | ) www.reuters.com time to read: +3 min

[1/2] Signage is seen outside the European Central Bank (ECB) building, in Frankfurt, Germany, July 21, 2022. All 60 economists polled by Reuters March 7-9 believed her and said the bank's deposit rate would rise 50 basis points to 3.00% on Thursday. Medians in the poll showed the euro zone's central bank adding 25 basis points at the following three meetings in May, June and July to give a terminal deposit rate of 3.75%, higher than the 3.25% peak expected in a February poll. While the median showed the deposit rate peaking at 3.75% it was a view held by only 19 of 60 economists surveyed. There is now only a 34% chance of a recession within the coming year, the poll found, down from 50% in a January poll.

☆ Analysis: Governments could find avid buyers for record bond sales as ECB rates peak
▼ + stars: | 2023-03-08 | by ( Stefano Rebaudo | ) www.reuters.com time to read: +4 min

March 8 (Reuters) - Investors have rapidly revised up their expectations for euro zone interest rates, but with a peak now in sight, governments might find it much easier to allocate record bond sales thanks to a cocktail of attractive yields and available liquidity. Traders are confident the ECB will have a smooth start to unwinding its huge bond holdings, a process known as quantitative tightening (QT). Bond demand is set to accelerate as markets increasingly price in a peak for yields. “The euro area keeps having excess liquidity and is able to fund smoothly the government bond supply expected for this year,” said Erjon Satko, rates strategist at BofA. Some analysts say that no matter what national treasuries do, they will relieve the pressure of record bond supply.

"Most luxury retailers don't think Hong Kong will return to the dizzy levels of 2014 when the market here peaked," said Simon Smith, Savills' senior director of research and consultancy in Hong Kong. Morgan Stanley (MS.N) forecast Hong Kong visitor numbers this year will reach just 70% of 2018 arrivals. It estimates retail sales will grow 15%, holding at around 80% of retail trade from the pre-COVID year. That outstripped total Hong Kong retail sales from a peak hit in 2013 at HK$494.5 billion ($63.0 billion), according to the city's statistics department. ($1 = 6.8510 yuan)($1 = 7.8498 Hong Kong dollars)Reporting by Farah Master, Jessie Pang, Anne Marie Roantree, Angel Woo and Donny Kwok in Hong Kong, Sophie Yu in Beijing, and Mimosa Spencer in Paris; Writing by Miyoung Kim; Editing by Tom HogueOur Standards: The Thomson Reuters Trust Principles.

☆ Camera chip startup Prophesee and Qualcomm sign multi-year deal
▼ + stars: | 2023-02-27 | by ( Jane Lanhee Lee | ) www.reuters.com time to read: +1 min

OAKLAND, Calif., Feb 27 (Reuters) - Paris-based startup Prophesee, a maker of camera chips inspired by the way the human eye works, said on Monday it has signed a multi-year deal with Qualcomm Inc (QCOM.O) to be used with the smartphone technology giant's product. The technology works with pixels on the sensor that only send information to the processor when there is change, while pixels that perceive no change stay muted. "So we are really combining both key players in the space," said Verre, referring to both Qualcomm and Sony, without disclosing financial terms of the deal. Verre said the Prophesee chip will be used in addition to conventional camera chips in a blueprint for smartphones that will be released this week at Mobile World Congress in Barcelona. The additional Prophesee chip will help correct some of the blurry imagery in existing smartphone camera systems, said Verre.

☆ New 'Lord of the Rings' films in the works at Warner Bros
▼ + stars: | 2023-02-24 | by ( ) www.reuters.com time to read: +1 min

LOS ANGELES, Feb 23 (Reuters) - The Warner Bros movie studio is developing new installments in the blockbuster "The Lord of the Rings" and "The Hobbit" franchises based on the J.R.R. Warner Bros, owned by Warner Bros Discovery , said it had reached a multi-year agreement to collaborate on new films with Middle-earth Enterprises, a unit of Embracer Group AB (EMBRACb.ST). "The Lord of the Rings" film trilogy, which began in 2001, won 17 Oscars. Three "Hobbit" films were released starting in 2012. Tolkien remains largely unexplored on film," Warner Bros. Pictures Group co-chairs Michael De Luca and Pam Abdy said in a statement.

☆ Rate jitters extend February flop for stocks
▼ + stars: | 2023-02-22 | by ( Naomi Rovnick | ) www.reuters.com time to read: +4 min

[1/3] The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, February 16, 2023. "The economic data has been much more resilient than we all thought (it would be) and we have to accept that." "A bear market rally driven by expectations that inflation would drop and interest rates would peak out may be over," said Trevor Greetham, head of multi-asset at Royal London Asset Management. "The big call this year will still be (a) recession," he added, as "interest rates go higher," in a move that would eventually spark "an earnings driven bear market (that) hasn't started yet." New Zealand's central bank also raised interest rates by 50 bps on Wednesday to a more than 14-year high of 4.75%, flagging more monetary tightening to come.

☆ Gucci Launches Sustainability Drive as European Fashion Regulation Looms
▼ + stars: | 2023-02-22 | by ( Joshua Kirby | ) www.wsj.com time to read: +6 min

It will boost transformation in the Italian fashion industry’s production models, said Gucci in a joint release with French parent Kering. “Luxury brands generally have strong and transparent supply chains and an opportunity to better communicate sourcing quality,” they said. “Luxury brands have the burden to stand for our better selves, as they embody people’s aspirations and ideals,” Mr. Solca said. In 2018, U.K. luxury fashion house Burberry said it would stop burning unsold inventory amid pressure from environmental groups, but some peers continue the practice. The hub’s activities will later be extended to Kering’s other brands, before opening to the wider fashion sector.

☆ Anger Mounts Over Ohio Train Derailment: ‘They Don’t Have the Answers’
▼ + stars: | 2023-02-17 | by ( Wall Street Journal | ) www.wsj.com time to read: 1 min

What the Renault-Nissan Shakeup Says About the Global Auto Industry Renault CEO Luca de Meo and Nissan CEO Makoto Uchida spoke to The Wall Street Journal about the reorganization of their alliance in a deal that gives both companies more autonomy. WSJ’s Nick Kostov explains the factors behind the decision and what it means for auto makers and investors. Photo Composite: Adele Morgan

☆ Watch: Unseen Titanic Wreck Expedition Footage Released
▼ + stars: | 2023-02-17 | by ( Wall Street Journal | ) www.wsj.com time to read: 1 min

☆ Leonardo DiCaprio's Regeneration VC fills $1.6 million funding gap in AI recycling startup Greyparrot after key investor falls short on commitment
▼ + stars: | 2023-02-17 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +4 min

Leonardo DiCaprio's Regeneration VC has plugged a $1.6 million funding gap in Greyparrot. But Una Terra, one of its key backers, was unable the fulfill the entirety of its promised investment. Leonardo DiCaprio-backed fund Regeneration VC has plugged a $1.6. million funding gap in recycling analytics startup Greyparrot after one of its key backers fell short on a promised investment. The founder expects continued growth in waste data, analytics, and reporting as industries are forced to green up.

☆ Buffalo Supermarket Shooter Rushed in Court During Sentencing
▼ + stars: | 2023-02-16 | by ( Wall Street Journal | ) www.wsj.com time to read: 1 min

☆ Alpine set out season goals and bring on Zidane
▼ + stars: | 2023-02-16 | by ( Alan Baldwin | ) www.reuters.com time to read: +3 min

SummarySummary Companies Alpine launch new A523 car in LondonSet goal of defending fourth place and closing gap to top threePresent soccer great Zidane as brand ambassadorLONDON, Feb 16 (Reuters) - Renault-owned Alpine set out their goals for the Formula One season on Thursday before unveiling French soccer great Zinedine Zidane as a surprise signing. "I am very happy to be here today and happy to be part of the Alpine team," Zidane told the surprised audience in a former newspaper printing site in London's Docklands. "The gap to third was big and we've got to close that gap," said team principal Otmar Szafnauer. Ocon is in his fourth year at the team while Gasly has joined from Red Bull-owned AlphaTauri. The 23-race season starts at the Sakhir circuit on March 5, with pre-season testing there next week.

☆ Renault CEO questions wisdom of electric vehicle price cuts
▼ + stars: | 2023-02-16 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +2 min

Renault CEO Luca de Meo on Thursday questioned the wisdom of price cuts rivals have been implementing in a bid to bolster market share for their electric vehicle fleets. Ford followed on Jan. 30 with price trims for its electric Mustang Mach-E crossover. However, De Meo signaled that sales price volatility could erode consumer confidence in EV products. "Because those kinds of swings are kind of value destroying for the customer, think about residual value, etc. Under the reshaped, previously lopsided alliance, Renault will reduce its shareholdings in Nissan from roughly 43% to 15%.

☆ What the Renault-Nissan Shakeup Says About the Global Auto Industry
▼ + stars: | 2023-02-13 | by ( Wall Street Journal | ) www.wsj.com time to read: 1 min

What the Renault-Nissan Shakeup Says About the Global Auto Industry The alliance was plagued by rivalry and suspicion, rising when Carlos Ghosn was ousted as the companies' leaderBy Wall Street Journal Feb 13, 2023 10:57 am Renault CEO Luca de Meo and Nissan CEO Makoto Uchida spoke to The Wall Street Journal about the reorganization of their alliance in a deal that gives both companies more autonomy. WSJ’s Nick Kostov explains the factors behind the decision and what it means for auto makers and investors. Photo Composite: Adele Morgan

☆ Uncertain that the new Bank of Japan governor will change anything, portfolio manager says
▼ + stars: | 2023-02-13 | 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 EmailUncertain that the new Bank of Japan governor will change anything, portfolio manager saysLuca Castoldi, senior portfolio manager at the Reyl Intesa Sanpaolo Singapore, discusses the nomination of Bank of Japan's next governor.

☆ Apple forecasts another drop in revenue, proclaims iPhone production problems over
▼ + stars: | 2023-02-03 | by ( Stephen Nellis | ) www.reuters.com time to read: +5 min

For the just-ended quarter, Apple's profits missed Wall Street expectations for the first time since 2016, dragged down by iPhone sales falling for the first time since 2020. The stock was down about 2% after Chief Financial Officer Luca Maestri said that iPhone sales were likely to improve compared with the quarter ended Dec. 31. In an interview, Cook told Reuters that the production disruptions that plagued Apple's key quarter were now over. During its fiscal first quarter ended Dec. 31, Apple faced a wave of challenges that left Wall Street expecting lower sales. Apple said iPhone sales were $65.8 billion, down 8% from the year before and the first fall since 2020.

☆ Apple telegraphed that things are getting better after a tough quarter — here's how to interpret its remarks
▼ + stars: | 2023-02-02 | by ( Kif Leswing | ) www.cnbc.com time to read: +5 min

"For iPhone, we expect our March quarter year-over-year revenue performance to accelerate relative to the December quarter year-over-year revenue performance," Maestri said. Before Thursday, analysts had expected Apple to guide to about $98 billion in sales in the company's fiscal second quarter. Last year, in the March quarter, Apple reported $97.28 billion in sales. In other words, December 2022's year-over-year revenue performance was even worse than it looked. Mac sales will be down at least 10% in the March quarter, based on these comments, but will likely improve.

☆ Gucci's challenge: reigniting heat while boosting timeless appeal
▼ + stars: | 2023-01-30 | by ( Mimosa Spencer | ) www.reuters.com time to read: +4 min

PARIS, Jan 30 (Reuters) - Sabato De Sarno, newly appointed by Kering (PRTP.PA) to reinvigorate its prized Gucci brand, needs to spark heat with a new direction, analysts say - a delicate task, given the emphasis executives have also put on the label's timeless appeal. De Sarno, a senior fashion designer from Valentino, is tasked as creative director with reviving the fortunes of the brand that accounted for two-thirds of Kering's profits in 2021. Analysts welcomed Kering's choice of a seasoned but relatively unknown designer, noting that previous creative director Michele did not have a public profile when he was appointed in 2002. His experience at Valentino suggests a "less eccentric aesthetic" than Gucci's previous designer, noted Carole Madjo of Barclays. The designer rose through Valentino's ranks after his arrival in 2009 to become fashion director overseeing both the men's and women's collections, working closely with chief designer Pierpaolo Piccioli.

☆ From boom to bottom and now big change: Renault and Nissan reshape alliance
▼ + stars: | 2023-01-30 | by ( ) www.reuters.com time to read: +5 min

It gave Nissan a 15% stake in Renault, on a par with the French state, but no voting rights. The alliance was thrown into turmoil following Ghosn's arrest on financial misconduct charges in late 2018 and his subsequent ouster as alliance chairman. 2002 Nissan announces its "Nissan 180" three-year plan, targeting an increase of 1 million vehicles in global sales by 2005. 2017 Both Nissan and Renault post record operating profits, though Nissan still falls short on some targets. Alliance Chairman Senard rules out any merger of the carmaking partners, saying they don't need to combine to be efficient.

☆ Analysis: Renault cedes power at Nissan for uncertain benefits
▼ + stars: | 2023-01-30 | by ( Gilles Guillaume | ) www.reuters.com time to read: +5 min

[1/2] The Nissan logo is seen on a car wheel at Nissan Gallery in Yokohama, Japan November 29, 2021. REUTERS/Androniki ChristodoulouPARIS, Jan 30 (Reuters) - Renault and Nissan hailed a new deal announced on Monday as a major step in reviving their two decade alliance. The deal, months in the making and still subject to board approvals, will see Renault (RENA.PA) reduce its stake in Nissan to 15% from around 43%. The deal sees Nissan commit to invest in Renault's flagship Ampere electric vehicle unit, which was the French group's key goal. "It is interesting for Renault to see Nissan enter Ampere, if only for financing projects.

PARIS, Jan 28 (Reuters) - French luxury goods group Kering (PRTP.PA) has appointed Sabato De Sarno, a senior fashion designer at Valentino, as creative director of its top brand Gucci, it said on Saturday. "I am touched and excited to contribute my creative vision for the brand.”He will present his debut Gucci runway collection at Milan Women's Fashion Week in September 2023. Gucci CEO Marco Bizzarri said that having worked with a number of Italy's most renowned luxury fashion houses, De Sarno "brings with him a vast and relevant experience." "Gucci - and the Kering shareholders - need courage and an original point of view." "The eyes of the world will be on him to see if he also has the required creative genius."

Search resuls for: "Lucà"

25 mentions found