DIRS.INFO The most relevant business & tech news

[1/2] Police detain suspects as they patrol along the German-Polish border to prevent illegal migration near Klinge, Germany, September 20, 2023. Interior Minister Nancy Faeser urged Germany's 16 states on Wednesday to provide asylum seekers with material benefits rather than cash, to reduce the country's pull factor. Migration analysts say much of the tougher stance is electioneering ahead of elections in Hesse and Bavaria on Sunday and in three eastern German states next year. Vorlaender noted that even if tougher controls worked, Germany risked creating a bigger problem for transit countries by bottling in migrants there. Germany's tougher stance on migration isn't so much a policy reversal as an evolution, said Susan Fratzke at the Migration Policy Institute.

Persons: Lisi Niesner, Nancy Faeser, Germany's, Olaf Scholz, Angela Merkel, Scholz, Russia's, Hannes Schammann, SHAM, Merkel, Friedrich Merz, “, ” Merz, Merz, Alberto ‑ Horst Neidhardt, Hans Vorlaender, Vorlaender, Ludovit, Susan Fratzke, Schammann, Sarah Marsh, Riham, Jan Lopatka, Alan Charlish, Mark Heinrich Our Organizations: Police, REUTERS, Authorities, EU, EU's Agency for Asylum, University of Hildesheim, Christian Democratic Union, European, Faeser, Migration Policy Institute, Berlin, Thomson Locations: Klinge, Germany, Berlin, BERLIN, Hesse, Bavaria, Europe, Poland, Czech Republic, Austria, Slovakia, Hungary, Turkey, Ankara, Prague, Warsaw

☆ Germany's political landscape is shifting, with the far-right AfD party ahead in the polls
▼ + stars: | 2023-10-03 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +3 min

The AFD party leadership (front row) holds a banner reading OUR LAND FIRST! during a protest against the rising cost of living in a demonstration organized by the right-wing Alternative for Germany (AfD) political party on October 8, 2022 in Berlin, Germany. The Christian Democratic Union party (CDU), formerly led by chancellor of 16 years, Angela Merkel, currently polls the highest. "First of all you need a political will to stop it and we don't see this will among the other parties. "There is a backlash clearly … The population is now moving to the right," Sinn said, referring to the popularity of the AfD.

Persons: Omer Messinger, Angela Merkel, Robert Lambrou, Lambrou, CNBC's Annette Weisbach, Chancellor Olaf Scholz, Manfred Knof, Hans, Werner Sinn, Sinn Organizations: Getty, Social Democrats, Greens, Free Democrats, Christian Democratic Union, CDU, CNBC, Federal Ministry for Economic Affairs, Handelsblatt Locations: Germany, Berlin, Hesse, Frankfurt, Bavaria, Munich, Sonneberg, Thuringia, Europe

☆ Germany's Birkenstock targets $9.2 billion valuation in New York IPO
▼ + stars: | 2023-10-02 | by ( ) www.cnbc.com time to read: +1 min

Birkenstock, the German premium footwear brand backed by private-equity firm L Catterton, said on Monday it is seeking a valuation of up to $9.2 billion in its highly anticipated initial public offering (IPO) in New York. The U.S. securities regulator is well-staffed now that a government shutdown has been averted, allowing it to review IPO filings by companies looking to take advantage of the long-awaited reopening of the IPO window. On its website, the company says all elements of its design - the buckles, the straps, the sole and the footbed - have a "functional purpose". Most of its products are manufactured in facilities in Rhineland-Palatinate, North Rhine-Westphalia, Hesse and Saxony in Germany. Goldman Sachs, J.P. Morgan and Morgan Stanley are among the underwriters for the IPO.

Persons: Margot Robbie, Goldman Sachs, J.P, Morgan, Morgan Stanley Organizations: U.S . Securities, Exchange Commission, underwriters Locations: New York, U.S, Rhineland, Palatinate, North Rhine, Westphalia, Hesse, Saxony, Germany

Migration has become a hot topic of debate in Germany ahead of elections on Oct. 8 in the states of Bavaria and Hesse, and in Europe at large ahead of European parliamentary elections next year. The post shared by Musk came from an account identified as Radio Genoa. It criticized the German state for funding charities rescuing migrants in the Mediterranean and included videos of rescue missions. Germany's centre-left government confirmed this week that it was financially supporting three German non-governmental organizations that operate in the Mediterranean and regularly bring migrants to Italy. In Texas, Tesla operates a plant in Austin and Space X operates a major testing and launch facility on the Texas Gulf Coast in Boca Chica near Brownsville.

Persons: Elon Musk, Porte, Gonzalo Fuentes, Billionaire Elon, Musk, Tesla's Gigafactory, Tesla, Sarah Marsh, Andreas Rinke, Leslie Adler Organizations: SpaceX, Tesla, Viva Technology, Porte de, REUTERS, Rights, Billionaire, Radio Genoa, Forbes, Space X, Texas Gulf, Thomson Locations: Paris, France, Germany, Bavaria, Hesse, Europe, Texas, Mexico, Italy, Tesla's Gigafactory Berlin, Brandenburg, Austin, Texas Gulf Coast, Boca Chica, Brownsville, U.S

CNN —Germany announced Wednesday that it is ramping up its border controls with neighboring Poland and the Czech Republic to “limit human trafficking,” as the country faces fierce debate on its migration policy while asylum applications surge. Police will carry out “additional flexible checks and mobile controls along the smuggling routes at the borders with Poland and the Czech Republic,” Interior Minister Nancy Faeser told the press. The announcement came as the interior minister raised the possibility of implementing fixed controls along the borders with its two eastern neighbors this week. Until now, the southern state of Bavaria on the Austrian border was the only part of Germany with stationary border controls, a legacy of the 2015-2016 migration crisis when Europe’s leading economy took in over a million refugees. “We are fighting to keep internal border controls open within the European Union.

Persons: CNN —, Nancy Faeser, Lisi Niesner, Chancellor Olaf Scholz’s, Faeser, Italy –, Berlin’s, ” Alexander Handschuh, Handschuh, Angela Merkel’s Organizations: CNN, Police, ”, Immigration, Scholz’s Social Democratic Party, European Union, Office, Migration, Refugees, German Federal Police, German Association of Towns Locations: Poland, Czech Republic, Czech, Bavaria, Austrian, Germany, Polish, Forst, Hesse, Italy, Berlin, –, Brussels, “, Ukraine, Municipalities

[1/2] A suspected illegal migrant is searched after he was detained by German police during their patrol along the German-Polish border to prevent illegal migration, in Forst, Germany, September 20, 2023. In August, registered illegal border crossings to Germany reached 14,701, up 66% on the same month last year, police data shows. Czech police have increased random checks on the Slovak border as well as on highways to Germany, Czech police president Martin Vondrasek said. LAMPEDUSA CRISISAs well as the increase in illegal border crossings, Germany has also taken in around 1 million Ukrainian refugees over the past year. Previously, there have been random police checks on the borders and Germany has maintained stationary controls on the Bavarian border with Austria since 2015.

Persons: Lisi Niesner, Nancy Faeser, Martin Vondrasek, Markus Soeder, Rome, Faeser, Piotr Muller, Alexander Ratz, Sarah Marsh, Alan Charlish, Anna Wlodarczak, Jan Lopatka, Rachel More, Kirsti Knolle, Alison Williams Organizations: REUTERS, Faeser, Social Democrats, Reuters, Warsaw, Thomson Locations: Forst , Germany, Poland, Czech Republic, BERLIN, Germany, Berlin, Czech, Bavaria, Hesse, Bavarian, Austria, North Africa, Lampedusa, Italy, EU, Europe

☆ Data show inflation rising in some German states
▼ + stars: | 2023-08-30 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Annegret Hilse/File Photo Acquire Licensing RightsBERLIN, Aug 30 (Reuters) - Inflation rose in four of six key German states in August, according to data released on Wednesday, casting doubt on a continuation of a national downward trend. The national data will be published at 1200 GMT. Data from Bavaria and Hesse showed that inflation eased modestly in those states to 5.9% and 6.0%, respectively. Bastian Hepperle, economist at Hauck Aufhaeuser Lampe Privatbank, said inflation in Germany was still expected to slow despite the mixed picture. However, inflation remains well above the European Central Bank target of 2% and core inflation, excluding volatile prices like food and energy, has been stubbornly high.

Persons: Chandon, Annegret, Bastian Hepperle, Hauck Aufhaeuser Lampe Privatbank, Price, Rachel More, René Wagner, Friederike Heine Our Organizations: Moet, REUTERS, Rights, Reuters, European Central Bank, Thomson Locations: Berlin, Germany, North Rhine, Westphalia, Germany's, Baden, Wuerttemberg, Brandenburg, Saxony, Bavaria, Hesse, Europe's, Ukraine

☆ Inflation up in German states, pointing to national rise
▼ + stars: | 2023-06-29 | by ( ) www.reuters.com time to read: +1 min

BERLIN, June 29 (Reuters) - Inflation rose in five economically important German states in the month of June, preliminary data showed on Thursday, suggesting a bumpy road ahead for German inflation. In May, inflation rates for those five states, out of 16 in Germany, stood at between 5.7% and 6.6%. National inflation data will be published at 1200 GMT, with economists surveyed by Reuters forecasting a 6.3% year-on-year rise, up from 6.1% in the previous month. June inflation data for the bloc is due on Friday. As a consequence, German inflation dipped in June 2022.

Persons: Maria Martinez, Balazs Koranyi, Friederike Heine, Toby Chopra Organizations: Reuters, European Central Bank, ECB, Thomson Locations: BERLIN, North, Rhine Westphalia, Bavaria, Brandenburg, Hesse, Baden, Wuerttemberg, Germany

BERLIN, May 31 (Reuters) - Inflation eased in five economically important German states in the month of May, preliminary data showed on Wednesday, suggesting that national price rises are set to slow to their lowest in more than a year. The inflation rate in North-Rhine Westphalia fell to 5.7%, while in Bavaria it slowed to 6.1%, in Brandenburg to 6.3%, in Hesse to 5.9% and in Baden-Wuerttemberg to 6.6%. In April, inflation rates for those five states, out of 16 in Germany, had been between 6.8% and 7.6%. National inflation data will be published at 1200 GMT, with economists surveyed by Reuters forecasting a 6.5% year-on-year rise. Furthermore, the base effects from high energy and food prices in May 2022 will disappear from the year-on-year comparison.

Persons: Luis de Guindos, Maria Martinez, Balazs Koranyi, Matthias Williams, Andrew Cawthorne Organizations: Reuters, European Central Bank, ECB, Thomson Locations: BERLIN, Rhine Westphalia, Bavaria, Brandenburg, Hesse, Baden, Wuerttemberg, Germany, Dutch

Still, Bremen is the first federal state to hold an election this year and as such, the results will be closely watched. The conservatives are polling in second place on 26-28%, meaning the SPD could win back its pole position in its traditional stronghold. But the Left party is on fragile ground at a national level due to internal strife which could have regional repercussions. That has given a boost to local right-wing populist party Buerger in Wut (Citizens in Rage). It is focusing on immigration and fighting crime and is now polling 9-10%, up from 3% a few months ago.

☆ A New Survey Erases Male Artists From the Western Canon
▼ + stars: | 2023-05-02 | by ( Tiana Reid | ) www.nytimes.com time to read: +2 min

But although her index of names succeeds in providing some answer to the question posed in Linda Nochlin’s trailblazing 1971 essay “Why Have There Been No Great Women Artists?,” Hessel does less than Nochlin did, 50 years ago, to unsettle the terms of the question itself. Can inserting women into the art-historical canon interrupt the system of canonization itself? Why does Hessel rely on the same methods of archival organization — linear history, market-based tastes, distinct genre boundaries — that played a part in producing women’s very exclusion? How instead might the fact of women’s presence disrupt the presuppositions of art’s place in the world? An especially moving chapter, “The Body in Sculpture,” initiates an answer.

☆ From making parts with A.I. to digitally cloning cars: What factories will look like in the future
▼ + stars: | 2023-04-19 | by ( Ryan Browne | ) www.cnbc.com time to read: +6 min

RittalConversational artificial intelligence that can be used to communicate with equipment and generate machine parts. These are just a few of the technologies that will power the factories of the future, according to technologists and industry experts who spoke with CNBC. Floyd said that Google is already working to achieve this with natural language processing capabilities in its AI tools. "In the future, there is potential to generate content from and for many types of manufacturing equipment, ranging from specific repair instructions to software code that is tailored to a specific asset." Many manufacturers see potential in the "industrial metaverse," a version of the metaverse tailored to the manufacturing, construction and engineering industries.

☆ German inflation expected to ease significantly in March
▼ + stars: | 2023-03-30 | by ( ) www.reuters.com time to read: +2 min

BERLIN, March 30 (Reuters) - Inflation is expected to ease significantly in Germany in March on the back of lower energy prices, preliminary data from six economically key states in the country showed on Thursday. The inflation rate in Brandenburg and Baden-Wuerttemberg fell to 7.8% year-on-year. In February, inflation rates for the six states had been between 8.3% and 9.2%. "It will directly raise inflation as local authorities will have to hike rubbish administrative fees and health insurers raise contribution rates to pay for the higher costs." While headline inflation slackens, core inflation - excluding energy and food - is expected to remain high.

☆ German police use of software to fight crime unlawful, court says
▼ + stars: | 2023-02-16 | by ( ) www.reuters.com time to read: +2 min

BERLIN, Feb 16 (Reuters) - A top German court ruled on Thursday that police use of automated data analysis to prevent crime in some German states was unconstitutional, dealing a win to critics of the CIA-backed Palantir Technologies (PLTR.N) that provides the software. Provisions regulating the use of the technology in Hesse and Hamburg violate the right to informational self-determination under the German constitution, a statement from the constitutional court said. U.S.-based Palantir Technologies makes software for data analytics used by intelligence and law enforcement agencies around the world, according to its website. In comments to the Handelsblatt newspaper, Palantir's strategy chief in Europe, Jan Hiesserich, said the company merely provides the software for processing data, not the data itself. The German Society for Civil Rights (GFF), which brought the case against police data analysis, said Palantir software used innocent people's data to form suspicions and could also produce errors, affecting people at risk of police discrimination.

☆ Berlin chooses change in rerun election with clear lead for conservatives
▼ + stars: | 2023-02-11 | by ( Riham Alkousaa | ) www.reuters.com time to read: +3 min

[1/7] Berlin?s frontrunner for the Christian Democratic Union (CDU), Kai Wegner, for the rerun of state elections reacts at the regional state parliament in Berlin, Germany, February 12, 2023. The Social Democrats, who have governed the German capital in a coalition with the environmentalist Greens and hard-left Die Linke, scored 18.2%. "Berlin chose change", CDU top candidate Kai Wegner said of the results, adding that there was a clear mandate for his party to form a state government. Berlin's left-wing mayor Franziska Giffey acknowledged the election defeat but said the CDU would still need a stable majority to govern in the city. Talk of a possible two-way coalition with the CDU was received with booing at the Greens election party on Sunday.

☆ Germany arrests 25 suspected of far-right plot to overthrow state
▼ + stars: | 2022-12-07 | by ( ) www.cnbc.com time to read: +3 min

Numerous officers were deployed in several federal states, said a spokeswoman for the Karlsruhe-based authority . German authorities on Wednesday detained 25 members and supporters of a far-right group that the prosecutor's office said were preparing a violent overthrow of the state, with some members suspected of plotting an armed attack on the parliament. Prosecutors said the raids were conducted by more than 3,000 police officials and security forces across 11 German federal states. Suspects were arrested in the German states of Baden-Wuerttemberg, Bavaria, Berlin, Hesse, Lower Saxony, Saxony, Thuringia as well as in Austria and Italy, said the office. The group's ideology is in the same vein as the far-right Reichsbuerger movement and QAnon conspiracy theorists who share the deep conviction that Germany is ruled by a "Deep State", the office.

☆ Hesse: Europe has an energy security problem, and the only way to solve that is through renewables
▼ + stars: | 2022-12-07 | 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 EmailHesse: Europe has an energy security problem, and the only way to solve that is through renewablesBalduin Hesse, CEO and chairman of Frontier Renewables, discusses the challenges and opportunities for investing in renewable energy, as Europe and other parts of the world continue to shift away from fossil fuels.

☆ German inflation in key states eases in November
▼ + stars: | 2022-11-29 | by ( ) www.reuters.com time to read: +1 min

BERLIN, Nov 29 (Reuters) - German inflation dipped in five states in November, data showed on Tuesday, suggesting cost pressures eased in Europe's largest economy - a welcome development for the European Central Bank but unlikely to weaken its resolve to tame prices. In North Rhine-Westphalia, Germany's most populous state, annual inflation slowed this month to 10.4% from 11.0% in October. Inflation also eased slightly in Baden-Wuerttemberg, Bavaria, Brandenburg and Hesse. Her comments, along with remarks by Dutch central bank chief Klaas Knot earlier, were likely to dampen speculation that the European Central Bank was about to take a gentler path with future rate increases. A Reuters poll of economists pointed to national inflation, harmonised to compare with other European Union countries, easing to 11.3% in November from 11.6% in October.

☆ This Is Your Brain on ‘Deep Reading.’ It’s Pretty Magnificent. - The New York Times
▼ + stars: | 2022-11-22 | by ( The Ezra Klein Show | ) www.nytimes.com time to read: +57 min

But if over time, we have begun to elaborate this brain so that it includes deep reading, the unnatural apex of the achievement of reading is what deep reading provides. And every time I get off of a plane, I say to myself, I’m going to do that more. I’m going to sit and I’m going to have quiet time with a book. I’m going to bring this to me in a second, so I’m not just putting this on little kids. maryanne wolfThe first thing I do is understand the purpose of whatever I’m reading.

Persons: ezra klein, Ezra Klein, Maryanne Wolf, “ Proust, she’s, screeds, Ezra, maryanne, ” ezra klein, McLuhan, ”, ezra klein Well, Nicholas Carr, ezra klein I’m, I’m, Walter Ong, Postman, It’s, we’ve, Proust, it’s, Aristotle, Hermann Hesse’s Magister Ludi, Rilke, Hermann Hesse, Ludi, Magister Ludi, —, I’d, we’re, don’t, Barry Zuckerman, John Hutton, One’s, I’ll, he’s, Walter Benjamin, Walter Benjamin’s, isn’t, I’ve, Naomi Baron, You’ve, you’ve, you’re, ezra klein It’s, Socrates, Ong, ezra klein —, Nicholas Carr’s, Sam Bankman, Fried, ezra klein FTX, languish, Let’s, Montaigne, Wendell Berry, Marcus Aurelius, they’re, Lorca, Tami Katzir, Marina Bers, Annie, that’s Marilynne Robinson, ” “ Lila, Jack, Marilynne Robinson, Emily Dickinson’s, Gish Jen, Wendell Berry’s “, John Dunne Organizations: U.C.L.A . School of Education, Information Studies, New York Times, Corps, Reggio Emilia, Boston College, ” Locations: what’s, Norway, signposting, Cincinnati, Oxford, —, ”, Korean, Italy, Israel, “, Boston

☆ Germany's IG Metall union calls for further strikes on Monday
▼ + stars: | 2022-11-13 | by ( ) www.reuters.com time to read: 1 min

FRANKFURT, Nov 13 (Reuters) - Germany's IG Metall union on Sunday called for new strikes on Monday in its ongoing wage dispute. The so-called warning strikes will take place at targeted locations in the states of Hesse, Thuringia and Rhineland-Palatinate, the union said. The union, which represents metal and electric industry workers, have called for an 8% pay increase. Reporting by Tom Sims;Editing by Elaine HardcastleOur Standards: The Thomson Reuters Trust Principles.

☆ ‘Jacob’s Room’: A Young Man Etched in Absence
▼ + stars: | 2022-11-12 | by ( Micah Mattix | ) www.wsj.com time to read: +1 min

James Joyce ’s “Ulysses” was published in Paris, and T.S. Because of this, Virginia Woolf’s novel “Jacob’s Room,” which was also published in 1922, hasn’t always received the attention it deserves. That some of her later novels—“To the Lighthouse” (1927) and “The Waves” (1931)—are perhaps even more accomplished hasn’t helped. Yet, it was in “Jacob’s Room” that Woolf first experimented with the episodic narrative she would use in “To the Lighthouse.” The novel also contains some of Woolf’s most startling sentences. One character observes that “each word” fell from Jacob’s mouth “like a disc new cut.” That may not always be true of Jacob, but it is of Woolf’s novel, which is full of such coins.

☆ German authorities looking into reports of illegal Chinese police in Frankfurt
▼ + stars: | 2022-10-28 | by ( ) www.reuters.com time to read: +2 min

BERLIN, Oct 28 (Reuters) - Authorities in Germany are investigating whether China maintains an illegal extraterritorial police station in Frankfurt, a spokesperson said, a week before Chancellor Olaf Scholz heads on an already contested visit to the economic giant. The Chinese embassy did not immediately respond to a request for comment. Confirming an earlier report in the Frankfurter Allgemeine newspaper, the spokesperson said they so far had no indications such facilities existed in Frankfurt. Dutch authorities on Wednesday said they were investigating Chinese offices that were operating illegally in the Netherlands, carrying out tasks like renewing driving licences. That followed allegations, denied by the Chinese embassy in The Hague, that the office had also harassed a Chinese dissident living in the Netherlands.

☆ Joan Didion’s Life in Objects
▼ + stars: | 2022-10-28 | by ( Anna Kodé | ) www.nytimes.com time to read: +15 min

(Ms. Didion’s death was the result of complications from Parkinson’s disease.) Ms. Didion’s stylish Corvette Stingray isn’t in the sale, but the photos that made it famous are. Quintana eventually pulled through, but died in 2005 at 39, a few months before Ms. Didion’s 2005 book, “The Year of Magical Thinking,” was published. In the book, Ms. Didion wrote about the heartbreak and challenges of that era of her life: “I learned to find equal meaning in the repeated rituals of domestic life. Following Ms. Didion’s passing, Ms. Smith, an artist and singer known as the “godmother of punk,” posted a tribute on Instagram, articulating what many felt.

☆ OpenInvest cofounders share lessons learned from getting acquired by JPMorgan and how fintechs can 'maintain that special sauce' after getting bought
▼ + stars: | 2022-10-10 | by ( Asia Martin | ) www.businessinsider.com time to read: +9 min

One of those acquisitions was OpenInvest, a deal JPMorgan announced last June and completed months later in August. But I think that JPMorgan, and maybe others in the space, have learned 'how do we maintain that special sauce," said Levin. Here's three things the OpenInvest cofounders have learned since last year about how best to transition into a bigger organization. Though it's still in the middle of its integration, OpenInvest has already begun to roll out fund reporting to the bank's wealth management businesses. All of those deals seem to have helped the bank streamline certain parts of integration, Murray said.

☆ How DREAMSTAGE is taking live music streaming by storm, with global streaming service Deezer by its side
▼ + stars: | 2021-05-07 | by ( Sarah Finkel | ) www.businessinsider.com time to read: +9 min

Deezer, a Paris-based music streaming service, recently made a significant investment in DREAMSTAGE in a symbiotic deal that will fuel both companies' growth. DREAMSTAGE, a ticketed live music streaming platform launched in the spring of 2020, has plans to reverse this fate and to even go as far as transforming the traditional live music business model for years to come. Now, the startup has caught the attention of the Paris-based music streaming service Deezer, which houses a catalog of 73 million tracks, including content from major record labels like Universal Music Group and Warner Music Group. "Even when live concerts start again, live streaming will become a natural addition to live shows," Albrecht wrote. The live music streaming industry is expected to generate $6.4 billion by 2027, according to MIDiA Research.

Search resuls for: "Hesse"

25 mentions found