DIRS.INFO The most relevant business & tech news

☆ This summer has been all about recapturing our youth
▼ + stars: | 2023-08-05 | by ( Lisa Respers France | ) edition.cnn.com time to read: +4 min

That’s right, I take it way back to the days when “summer vacation” didn’t mean me looking for reasonable airfare and accommodations to book. Something to sip on…A scene from "Teenage Mutant Ninja Turtles: Mutant Mayhem." “Teenage Mutant Ninja Turtles: Mutant Mayhem” is out this week and if ever there was a franchise that is both for the young and young at heart, it’s this one. One thing to talk about…People attend Day 3 of the Lollapalooza Music Festival on Saturday, July 30, 2022, at Grant Park in Chicago. That’s right, you can enjoy the long-standing, Chicago-set music festival from the comfort of your own home – and no need for porta-potties!

Persons: ” Let’s, ”, “ Barbie, O’Neil, Seth Rogen, Maya Rudolph, John Cena, Paul Rudd, Rob Grabowski, Oprah Winfrey, Gayle King, Oprah, “, Billie Eilish, Kendrick Lamar, Lana Del Rey, Trippie Redd, Redd, There’s, Joe Locke, Kit Connor, Charlie Spring, Nick Nelson, “ Heartstopper Organizations: CNN, Paramount Pictures, …, Hulu, PolkImaging, Penske Media, Netflix Locations: Grant, Chicago, New Jersey, Hulu, Milwaukee , WI

☆ Geopolitical trends will lead to consolidation in European finance, tech and defense: Advisory firm
▼ + stars: | 2023-07-11 | 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 EmailGeopolitical trends will lead to consolidation in European finance, tech and defense: Advisory firmBeat Wittmann, partner at Porta Advisors, discusses the NATO summit in Vilnius and the implications of current geopolitical trends for the future of the global economy.

Persons: Beat Wittmann Organizations: Porta Advisors, NATO Locations: Vilnius

☆ A Fashion Designer’s Classic Milanese Aperitivo
▼ + stars: | 2023-06-15 | by ( Laura May Todd | ) www.nytimes.com time to read: +1 min

In Milan, there’s one unofficial but very important entertaining rule: Never throw a party on a Saturday night. Monday through Friday, the city is brimming with creative people — the quiet engines running the design and fashion industries — but, when the weekend rolls around, they tend to leave for the nearby Swiss Alps or the Mediterranean coast. Weekdays are when the Milanese gather and the aperitivo, a postwork, pre-dinner cocktail hour, defines the city’s social life. “The Milanese are very busy,” says the fashion designer Damir Doma, 42, a native of Croatia who was raised in Germany and has been living in the northern Italian city since 2016. “Aperitivo brings everyone together for a short moment to have a drink and a chat.”But for Doma, an aperitivo can also be a celebration.

Persons: there’s, “, ”, Damir Doma, “ Aperitivo, Stephanie Barth Organizations: Milanese, Porta Nuova Locations: Milan, Swiss, Croatia, Germany, Italian, Porta

☆ UBS got an 'extraordinarily advantageous deal' for Credit Suisse, advisor says
▼ + stars: | 2023-06-12 | 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 EmailUBS got an 'extraordinarily advantageous deal' for Credit Suisse, advisor saysBeat Wittmann, chairman and co-founder at Porta Advisors, discusses the completion of the UBS takeover of Credit Suisse and what the enlarged bank faces next.

Persons: Beat Wittmann Organizations: UBS, Credit Suisse, Porta Advisors

☆ Fact Check-Image of a flying porta potty with drones is AI-generated
▼ + stars: | 2023-05-31 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

An image that shows a flying portable toilet powered by drones was generated by artificial intelligence (AI). Many users on social media have taken this image as a joke, others seem to believe that it is a real service. Reuters found no credible media reports of any real flying toilet service by this name ( bit.ly/43ypiJS ). This image of an alleged porta potty service is AI-generated. Read more about our work to fact-check social media posts ( here ).

Persons: John Mulloor, “, ”, porta, Read Organizations: Facebook, Reuters Locations: Midjourney, Instagram

☆ The best of Milan Design Week 2023
▼ + stars: | 2023-04-27 | by ( Marianna Cerini | ) edition.cnn.com time to read: +8 min

Milan CNN —The design world’s largest annual fair enjoyed a return to full pre-pandemic form with its 2023 showcase, transforming the city of Milan with hundreds of exhibitions, site-specific installations, pop-ups and public projects. Almost everywhere, the focus was on sustainable design, circular economy, material innovation and artistry combining craft with innovation. Some of the most interesting ideas were those that looked at waste – literally – to rethink what design can do when it uses what is already there. Shown in various stages of decomposition, the chair challenged viewers to approach products with the end of their lifecycle in mind. Top image: One of two bags design legend Gaetano Pesce created for Bottega Veneta’s Milan Design Week installation.

☆ CNBC Daily Open: Markets rallied because nothing broke yesterday
▼ + stars: | 2023-03-30 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

For markets still reeling from the banking crisis, no news is good news. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Or perhaps it was precisely the lack of any significant event that cheered markets. Subscribe here to get this report sent directly to your inbox each morning before markets open.

☆ CNBC Daily Open: Nothing broke yesterday. Markets cheered
▼ + stars: | 2023-03-30 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Ermotti may need to persuade Switzerland's authorities that UBS should keep "the piece de resistance," Credit Suisse's domestic bank, said Porta's Wittmann. During the financial crash of 2008 it was UBS, not Credit Suisse, that took the lion's share of support from the state. One of Ermotti's biggest challenges may be to prevent Credit Suisse's problems contaminating UBS, which will involve hacking back its investment bank and its unwieldy derivatives. Disentangling Credit Suisse's finances, however, is only a part of the problem. "There are clearly parts of Credit Suisse that have had a bad culture.

☆ Ermotti UBS CEO appointment will calm nerves and build trust in Swiss banks, says analyst
▼ + stars: | 2023-03-29 | 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 EmailErmotti UBS CEO appointment will calm nerves and build trust in Swiss banks, says analystBeat Wittmann, partner at Porta Advisors, discusses UBS' appointment of Sergio Ermotti as CEO.

☆ Timely for Swiss National Bank to help Credit Suisse: Porta Advisors
▼ + stars: | 2023-03-17 | 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 Email'Timely and right' for Swiss National Bank to throw Credit Suisse a liquidity line: Advisory firmBeat Wittmann of Porta Advisors discusses the crisis Credit Suisse faces and gives his take on whether the European Central Bank made the right decision in hiking interest rates.

☆ Banks in crisis: The weakest links are cracking, says advisory firm
▼ + stars: | 2023-03-16 | 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 EmailBanks in crisis: The weakest links are cracking, says advisory firmBeat Wittmann, partner at Porta Advisors, discusses the crises that Credit Suisse and Silicon Valley Bank are facing, and says "now it's really time for policymakers to restore confidence and liquidity in the system."

☆ 'New world order' requires investors to shift to active management, advisor says
▼ + stars: | 2023-03-02 | 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 Email'New world order' requires investors to shift to active management, advisor saysBeat Wittmann, chairman of Porta Advisors, outlines what he looks for in equities and why the move from passive, long-only investing to total-return-oriented asset management is necessary.

☆ This startup turning human waste into fertilizer just raised $7.5 million. Here's the 17-slide pitch deck Wasted used to raise the fresh funds.
▼ + stars: | 2023-01-25 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +4 min

Wasted is making fertilizer out of urine and just raised $7.5 million in fresh funding. Wasted, which he created alongside Taylor Zehren and Thor Retzlaff, is redesigning the porta-potty to ultimately turn human waste into agriculture fertilizer. At least 40 wastewater treatment plants were damaged as a result of the 2017 hurricane Harvey, which saw raw sewage spill out onto streets. Nitrogen, phosphorous, and potassium are common fertilizers found in human waste but are typically extracted from the earth for use. There is a long history of some countries using untreated or partially-treated human waste as fertilizer.

☆ We've reached the inflection territory where bear market turns bull, says strategist
▼ + stars: | 2022-12-12 | 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 EmailWe've reached the inflection territory where bear market turns bull, says strategistCentral banks won't pivot next year and volatility will remain, says Porta Advisers Chairman Beat Wittmann — but risk assets will be back and markets will be highly active without a big capitulation ahead.

☆ There's a lot of pain ahead for markets, strategist warns, arguing the rally looks short-lived
▼ + stars: | 2022-10-28 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

Reinforced by cooling house prices and disappointing earnings , it prompted suggestions that the U.S. central bank may rein in future rate hikes after November's meeting. "I think the market rally is a breathing space rally," Beat Wittmann, chairman of Switzerland's Porta Advisors, told CNBC's "Squawk Box Europe" Wednesday. Central banks "got it wrong" on inflation, hiking too late, and will now overshoot, he said. "You can expect that central banks, led by the Fed, followed by the [European Central Bank], Bank of England, Swiss National Bank, will continue to tighten and they will overtighten, that means two, three times more," he said. Central banks will only blink if there's a reason to do so, as the Bank of England did this month to prevent a collapse of pension funds , he said.

☆ European banks are posting bumper profits — but don’t buy their shares yet, strategist says
▼ + stars: | 2022-10-27 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

Those are comments from one investment advisor despite lenders on the continent posting bumper third-quarter results this week. Barclays on Wednesday reported net profits of £1.5 billion ($1.73 billion), while Deutsche Bank revealed a net income of 1.12 billion euros ($1.11 billion). Deutsche Bank's net interest margin grew to 1.5% in the quarter, up from 1.4% in the prior quarter and from 1.2% in the year-ago period. But this income source for banks is unlikely to be long-lived as European capitals debate imposing a "windfall tax" on banks' profits. Hickmore said that senior debt from European banks is more attractive now as they are immune to many risks banks face.

☆ Strategist outlines why they would 'certainly not' invest in European banks right now
▼ + stars: | 2022-10-26 | 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 EmailStrategist outlines why they would 'certainly not' invest in European banks right nowBeat Wittmann, chairman of Switzerland's Porta Advisors, says higher interest rates and the recessionary backdrop make European banks unattractive.

☆ Strategist says market rally is a pause for breath — and 'a lot of pain' is still to come
▼ + stars: | 2022-10-26 | 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 EmailStrategist says market rally is a pause for breath — and 'a lot of pain' is still to comeThe current market uptick is investors pausing to reposition risk assets before the end of the year, says Porta Advisors Chairman Beat Wittmann; and central banks, led by the Fed, will continue to tighten.

☆ Italy's Berlusconi says has exchanged "sweet letters" with Putin
▼ + stars: | 2022-10-18 | by ( ) www.reuters.com time to read: +2 min

ROME, Oct 18 (Reuters) - Former Italian Prime Minister Silvio Berlusconi said on Tuesday he was back in touch with Russian President Vladimir Putin and had recently exchanged "sweet letters" with him, according to an audio released by an Italian news agency. Register now for FREE unlimited access to Reuters.com Register"I answered him with some bottles of Lambrusco (wine) and an equally sweet letter," said Berlusconi, whose birthday was on Sept. 29. A party spokesperson denied Berlusconi was back in touch with Putin, saying he had been telling his parliamentarians "an old story referring to an episode many years ago." Matteo Salvini, leader of the anti-immigrant League, has often praised Putin and used to don a T-shirt emblazoned with the Russian leader's face. "They could become a boomerang and we will find ourselves in great difficulty," he told the talk show Porta a Porta.

☆ Markets now 'much less forgiving' of unsustainable fiscal policies, strategist says
▼ + stars: | 2022-09-27 | 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 EmailMarkets now 'much less forgiving' of unsustainable fiscal policies, strategist saysBeat Wittmann, partner at Porta Advisors, discusses the Italian election and the backlash from financial markets to the U.K. government's new fiscal policy announcements.

☆ Monumentul lui Ștefan cel Mare portă mască de protecție. Ce inscripție are aceasta
▼ + stars: | 2020-12-05 | by ( Onixmedia Srl | ) diez.md time to read: +2 min

Monumentul lui Ștefan cel Mare portă mască de protecție. Ce inscripție are aceastaMonumentul lui Ștefan cel Mare și Sfânt din centrul capitalei a fost surprins astăzi purtând mască de protecție cu însemnul Partidului Acasă Construim Europa (PACE), condus de Gheorghe Cavcaliuc. Reprezentanții formațiunii politice au publicat un videoclip pe pagina lor de Facebook cu titlul „Protejăm cea mai mare valoare a țării”. Totodată a fost sesizată Administrația Publică Locală pentru a interveni și pentru a scoate masca. Cazul a fost înregistrat, iar polițiștii întreprind toate măsurile în stabilirea tuturor circumstanțelor și acumularea materialului probatoriu.

Persons: Ștefan cel Mare, Gheorghe Organizations: Facebook Locations: Europa, Capitalei

Search resuls for: "porta"

22 mentions found