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Cinven, CPP Investments, EQT, Evercore and Morgan Stanley declined to comment. Hotelbeds' shareholders had been considering a private sale as an alternative to an IPO, the people said. Should it list in Spain, Hotelbeds' would be one of the largest IPOs the country has seen in recent years. Majorca-based Hotelbeds offers travel agencies, airlines and tour operators access to hotel rooms worldwide in what it describes as a "bedbank". Hotelbeds said it had its best fortnight ever in booking revenue earlier this year, recording a booking per second at peak times.

Persons: Nacho, Evercore, Morgan Stanley, Cinven, Hotelbeds, Andres Gonzalez, Pablo Mayo, Anousha Sakoui, Nick Zieminski Organizations: REUTERS, Reuters, Investments, Pablo Mayo Cerqueiro, Thomson Locations: Santa Cruz, Canary, Spain, Madrid, Majorca, London

☆ Moroccans in earthquake-hit tourist area grieve losses, fret about future
▼ + stars: | 2023-09-15 | by ( Ahmed Eljechtimi | ) www.reuters.com time to read: +3 min

"The earthquake killed people and destroyed villages on which our tourism activity depends," said Abderrahim Bouchbouk, owner of the nine-room guesthouse that was once run by his grandfather. "That was a way for many local farmers to make additional revenue," said Bouchbouk, whose Kasbah La Dame guesthouse employs 14 people. Ahmed Bassim, a tourist guide in the Ouirgane area who has been forced to live in a tent for shelter since the earthquake, said the region was in desperate need of reconstruction. The region, one of Morocco's poorest, lies close to Marrakech, a popular tourist destination with luxurious hotels, fancy shopping centres and a historic souk. Lahcen Zelmat, head of the Morocco's tourism industry federation, said the long-planned event "would be a chance for Morocco to promote Marrakech destination again after the earthquake."

Persons: Abderrahim Bouchbouk, Mohamed Aznag, Tasa Ouirgane, Ahmed Bassim, Zelmat, Edmund Blair Organizations: Dame, REUTERS, Tourism, World Bank, International Monetary Fund, Thomson Locations: VALLEY, Morocco, Tasa, Dar Izergane, Ouirgane, Marrakech, souk

☆ SpaceX's Starlink falls short of growth expectations despite revenue surge - WSJ
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Nacho Doce/File Photo Acquire Licensing RightsSept 13 (Reuters) - SpaceX's satellite internet venture Starlink posted a more than six-fold surge in revenue last year to $1.4 billion, but fell short of targets set by CEO Elon Musk, the Wall Street Journal reported on Wednesday, citing documents. The company had in a 2015 presentation projected the division would generate almost $12 billion in revenue and $7 billion in operating profit in 2022, the report said. Starlink has been in the spotlight since last year as it helps provide Ukraine with satellite communications key to its war effort against Russia. Musk had said in 2021, before the Ukraine war, that SpaceX will list Starlink when its cash flow is reasonably predictable. The Journal reported last month that SpaceX's surging revenue helped it turn a small profit in the first quarter of 2023 after two annual losses.

Persons: Elon Musk, Nacho, Starlink, Musk, Arsheeya Organizations: SpaceX, Mobile World Congress, REUTERS, Wall Street, Russia, U.S . Department of Defense, Thomson Locations: Barcelona, Spain, Ukraine, Bengaluru

☆ Morocco earthquake: How the entire village of Tinzert was wiped out in just 10 seconds
▼ + stars: | 2023-09-12 | by ( Ivana Kottasová | ) edition.cnn.com time to read: +12 min

Tinzert, Atlas Mountains, Morocco CNN —Rajaa Acherhri was known as the village math genius. She buried them the next day, alongside 19 other people who were killed in Tinzert, a tiny mountain village in the Atlas Mountains in Morocco. Hakim Idlhousein stands near the rubble of his house, in the village of Tinzert, in Morocco, which was destroyed by the quake. Mosa'ab Elshamy/AP Bags of blood sit on a table at a blood center in Marrakech, Morocco, on September 11. Fadel Senna/AFP/Getty Images In pictures: Powerful earthquake kills thousands in Morocco Prev NextFatema Acherhri was born in Tinzert, as was her husband.

Persons: Morocco CNN — Rajaa Acherhri, Sanaa, Fatema, Rajaa, hasn’t, Fatema Acherhri, Ivana Kottasova, ” Hakim Idlhousein, Idlhousein, CNN they’ve, Abdeltif Ait Bensoli, Ait Bensoli, Edabdelah, couldn’t, Ait, Hakim Idlhousein, ‘, Fadel Senna, Talat, Hannah McKay, Talat N'Yaaqoub, Nacho Doce, Carl Court, Alejandro Martinez Velez, Talat N'yaaqoub, Reuters Mouath Aytnasr, Suleiman, Mosa'ab, Abu Adem Muhammed, Nathan Laine, Wang Dongzhen, Moulay Brahim, Piero Cruciatti, Abdelhak Balhaki, Acherhri, hammam, ” Acherhri, “, ”, Ourika Organizations: Morocco CNN, CNN, UNICEF, Moroccan, Getty, Reuters, Anadolu Agency, Bloomberg, Kyodo, People, Moroccan Royal Armed Forces Locations: Atlas Mountains, Morocco, Tinzert, Moroccan, Al Haouz, Ifghan, Ait Bensoli, Marrakech, Douzrou, AFP, Talat N'Yaaqoub, Talat, Tinmel, Tafeghaghte, Old City, Amizmiz, Xinhua, Moulay, Brahim, Moulay Brahim, Tansghart, Marrakesh

☆ China to give $200,000 to earthquake-stricken Morocco
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: +1 min

Emergency crews work, in the aftermath of a deadly earthquake, in Amizmiz, Morocco, September 10, 2023. REUTERS/Nacho Doce/File Photo Acquire Licensing RightsBEIJING, Sept 11 (Reuters) - The Red Cross Society of China will give the Moroccan Red Crescent $200,000 for emergency humanitarian assistance, Chinese state media reported on Monday, after a deadly earthquake struck the North African country late on Friday. The Chinese Red Cross said the donation will be used to help Morocco carry out rescue and disaster relief work, according to the China Daily. Chinese medical workers in Morocco have been actively helping victims, including during aftershocks, state broadcaster CGTN reported. Video in Chinese state media showed a Chinese doctor holding a baby delivered right after the 6.8 earthquake hit the region, killing more than 2,100.

Persons: Nacho, Cross, Xi Jinping, King Mohammed VI, Ben Guerir, Bernard Orr, Raju Gopalakrishnan Organizations: REUTERS, Rights, Cross Society of China, Crescent, China Daily, CGTN, Thomson Locations: Amizmiz, Morocco, Rights BEIJING, Moroccan, China, Ben

☆ Rescuers race to find survivors over 48 hours after Morocco quake
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: +3 min

Many survivors spent a third night outside, their homes destroyed or rendered unsafe by Morocco's most powerful earthquake since at least 1900. The death toll climbed to 2,122 with 2,421 people injured, state TV reported late on Sunday. [1/6]Emergency workers carry a dead body, in the aftermath of a deadly earthquake, in Amizmiz, Morocco, September 10, 2023. King Mohammed VI thanked Spain, Qatar, the UK and United Arab Emirates for sending aid, state TV reported on Sunday. Morocco had assessed aid needs and considered the importance of coordinating relief efforts before accepting their help, it added.

Persons: Hamid ben, King Mohammed VI, Tom Perry, Mark Heinrich Our Organizations: REUTERS, Rights, Sunday, United Arab Emirates, Thomson Locations: MARRAKECH, Morocco, Spain, Britain, Marrakech, Tafeghaghte, Amizmiz, Qatar, France, Sunday

REUTERS/Nacho Doce Acquire Licensing RightsTINMEL, Morocco, Sept 12 (Reuters) - Villagers in parts of Morocco devastated by the country's biggest earthquake in over a century camped outside for a fourth night on Monday, as the death toll rose to more than 2,800 people. State TV reported late on Monday that the death toll had risen to 2,862, with 2,562 people injured. With much of the quake zone in hard-to-reach areas, authorities have not issued any estimates for the number of missing. In the village of Tinmel, almost every house was pulverised and the entire community has been left homeless. The stench of death from dozens of animals buried under the rubble wafts through parts of the village.

Persons: Mohamed Ouchen, Mouhamad Elhasan, Elhasan, Antonio Nogales, Alexander Cornwell, Ahmed Eljechtimi, Moaz Abd, Angus McDowall, Rosalba O'Brien, Lincoln Organizations: REUTERS, State TV, Imi N'Tala, United, UNESCO, Heritage, IMF, World Bank, United Arab, Reuters Graphics Reuters, Thomson Locations: Tikekhte, Adassil, Morocco, Spain, Britain, Qatar, Moroccan, Tinmel, Spanish, Nogales, Marrakech, gridlocked, United Arab Emirates, Algeria

☆ Thousands celebrate Catalonia Day as regional parties become Spain's kingmakers
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: +2 min

People hold up Esteladas, or Catalan separatist flags, during a demonstration to mark Catalonia's national day 'La Diada' in Barcelona, Spain, September 11, 2022. REUTERS/Nacho Doce/File Photo Acquire Licensing RightsBARCELONA, Sept 11 (Reuters) - Thousands of people were expected to celebrate Catalonia's National Day on Monday as the Spanish region's separatist parties appear set to play a kingmaker role in forming a national government. In recent years, attendance at La Diada, as the National Day is known, has fallen as support for breaking away from Spain has decreased. But with two Catalan parties poised to play a role in forming a new government, it may boost the independence cause. In October 2017, when Puigdemont's separatist regional government held a referendum declared illegal by the Spanish courts, a CEO poll found 49% supported splitting from Spain while 43% were against.

Persons: Nacho, Pere Aragones, Carles Puigdemont, Pedro Sanchez, Sanchez, Isabel Rodriguez, Alberto Nunez Feijoo, Graham Keeley, Peter Graff Organizations: REUTERS, Rights, La, Catalana, ERC, Socialist, People's Party, Catalan Centre, Public, Thomson Locations: Barcelona, Spain, Rights BARCELONA, Spanish, Catalonia, Catalan, Belgium, Catalunya

☆ Morocco's mud brick housing makes hunt for earthquake survivors harder
▼ + stars: | 2023-09-11 | by ( Ahmed Eljechtimi | ) www.reuters.com time to read: +2 min

[1/4] An excavator removes stones from the road, in the aftermath of a deadly earthquake, outside Adassil, Morocco, September 11, 2023. REUTERS/Nacho Doce Acquire Licensing RightsAMIZMIZ, Morocco, Sept 11 (Reuters) - Rescuers digging on Monday through the rubble after Morocco's deadly earthquake warned that the traditional mud brick, stone and rough wood housing omnipresent in the High Atlas mountains reduced the chances of finding survivors. "This kind of collapse causes greater air tightness due to the types of material, like mud brick," Antonio Nogales, coordinator of operations for Firemen United without Borders, a Spanish rescue team on the ground, told Spain's TVE broadcaster. "Steel and concrete facilitate the possibility of survivors, but these (mud and brick) materials (common in Morocco) mean that in the first moments the chances of getting people out alive are reduced," Nogales said. Reporting by Ahmed Eljechtimi and Nacho Doce; additional reporting by Aislinn Lang in Madrid; writing by Ingrid Melander; editing by Mark HeinrichOur Standards: The Thomson Reuters Trust Principles.

Persons: Antonio Nogales, Ahmed Eljechtimi, Nacho Doce, Aislinn Lang, Ingrid Melander, Mark Heinrich Our Organizations: REUTERS, Firemen United, Borders, TVE, Thomson Locations: Adassil, Morocco, Marrakech, Spanish, Nogales, Madrid

Moulay Brahim, Morocco CNN —Moulay Brahim was once a happy place for Sami Sensis. The building partially collapsed after a powerful earthquake struck Moulay Brahim late on Friday night. Nacho Doce/Reuters Women watch the funeral of two victims of the deadly earthquake in Moulay Brahim, on September 10. Piero Cruciatti/Anadolu Agency/Getty Images A woman looks on as people inspect damaged buildings in Moulay Brahim, Morocco, on September 10. Fadel Senna/AFP/Getty Images People mourn earthquake victims in Moulay Brahim, Morocco, on September 9.

Persons: Moulay, Morocco CNN — Moulay Brahim, Sami Sensis, Moulay Brahim, Sensis, –, “, ”, ” Sensis, Idsaleh Mahjoub, Mahjoub, Alejandro Martinez Velez, Hannah McKay, Nacho Doce, Piero Cruciatti, Carl Court, Reuters Mohamed, Fadel Senna, Said Echarif, Abdelhak Balhaki, Mosa'ab, Ivana Kottasová, Leila Idabdelah, Idabdelah, khobz Organizations: Morocco CNN, CNN, Sensis, Locals, United Arab Emirates, ”, Anadolu Agency, Getty, People, Reuters, Reuters Moroccan Royal Armed Forces, AP Locations: Moulay Brahim, Morocco, Moroccan, Marrakech, Spain, Qatar, United Kingdom, Moulay, Brahim, Amizmiz, Al Haouz, Tafeghaghte, AFP, Al Haouz province, Asni, ”

☆ Wall Street analyst sees 3 companies as the next $3 trillion stocks due to AI. Here's our take
▼ + stars: | 2023-09-07 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

Needham's Laura Martin sees Club names Amazon (AMZN), Alphabet (GOOGL) and Microsoft (MSFT) as "front-runners" in the race of tech firms competing in generative AI. While positive on Apple, Martin thinks it will be "dwarfed by generative AI" firms. "High-quality data that is most relevant will allow generative AI to create the best new content and products and or save costs faster through better online customer service," Needham wrote. MSFT YTD mountain Microsoft YTD performance In the coming quarters, Microsoft will increase capital expenditures to invest in Microsoft Cloud growth and demand for AI services. 2 AI stock in the portfolio, followed by Nvidia), and would consider adding to the Club's MSFT position on a pullback as indicated by the Club's 1 rating .

Persons: Laura Martin, Martin, AAPL, Jim Cramer, Jim, Apple, Tim Cook, Needham, Baird, Morgan Stanley, Jim Cramer's, Doce Organizations: Microsoft, Apple, Nasdaq, Big Tech, Nvidia, Broadcom, Oracle, Google, YouTube, Services, Amazon, CNBC, Mobile World Congress Locations: Needham, Barcelona, Spain

☆ IBM notifies J&J unit Janssen CarePath's customers of unauthorized data access
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Nacho Doce/File Photo Acquire Licensing RightsSept 6 (Reuters) - IBM (IBM.N) said on Wednesday it is notifying customers of Janssen CarePath, a Johnson & Johnson (JNJ.N) unit, of a "data incident" involving unauthorized access of personal information. The personal information was part of a database used on the Janssen CarePath platform, according to IBM. IBM, which manages the database, said it was unable to determine the extent of the unauthorized access. Janssen CarePath offers resources to patients who have been prescribed J&J's medication by helping them understand insurance coverage and out-of-pocket costs. The "data incident" may have included individuals' names and information such as contact details and information related to health insurance and medications that were provided to the Janssen CarePath application, IBM said.

Persons: Nacho, Janssen CarePath, Johnson, Janssen, Jaspreet Singh Organizations: Business Machines Corporation, IBM, Congress, REUTERS, Social, Janssen CarePath, Thomson Locations: Barcelona, Spain, Bengaluru

"Increasingly we are going to turn used clothes into raw material from Europe for fashion companies." Also in Spain, rivals including H&M, Mango and Inditex have created a non-profit association to manage clothing waste, responding to an EU law requiring member states to separate textiles from other waste from January 2025. OBSTACLESThe obstacles to significantly reducing clothing waste are formidable, despite the EU crackdown, industry sustainability commitments and initiatives like the Moda Re expansion. Adidas (ADSGn.DE), Bestseller, and H&M (HMb.ST) have invested in Finnish start-up Infinited Fiber Company, which manufactures fibre out of textile waste, cardboard and paper. As in Spain, textile waste associations would be set up in each country.

Persons: Albert Alberich, Inditex, Dijana Lind, Hugo Boss, Lind, Moda, Aissatou Boukoum, Mauro Scalia, Corina Pons, Helen Reid, Horaci Garcia, Nacho, Frank Jack Daniel Our Organizations: BARCELONA, Moda, Caritas, Union, European Commission, Union Investment, Adidas, McKinsey, Reuters, EU, ReHubs, Moda Re, United Nations, Inditex, Puma, Infinited Fiber Company, Thomson Locations: Spain, Barcelona, Spanish, Europe, Zara, Bilbao, Valencia, EU, Frankfurt, ReHubs Europe, Mali, Sant, AFRICA, Cameroon, Ghana, Senegal, Africa, Senegalese, Germany, Texaid, Switzerland, Vestisolidale, Italy, France, EURATEX, Madrid, London, Nacho Doce

☆ Thousands of evacuees return home as Tenerife wildfire eases
▼ + stars: | 2023-08-23 | by ( Nacho Doce | ) www.reuters.com time to read: +2 min

[1/2] A firefighter plane discharges water over Guimar, as wildfires rage out of control on the island of Tenerife, Canary Islands, Spain August 22, 2023. REUTERS/Nacho Doce Acquire Licensing RightsTENERIFE, Canary Islands, Spain, Aug 23 (Reuters) - More than 8,000 evacuees from a wildfire that has devastated forests on the Spanish island of Tenerife for more than a week were able to return home as the blaze has been brought under control, authorities said on Wednesday. Twenty aircraft will continue working to control the fire, which has a perimeter of more than 80 km (50 miles). Firefighters were able to keep the flames from ravaging the Teide Observatory, Rafel Rebolo, head of the Canary Islands Astrophysics Institute, told Reuters. Writing by Emma Pinedo; editing by Charlie Devereux and Angus MacSwanOur Standards: The Thomson Reuters Trust Principles.

Persons: Rebolo, Emma Pinedo, Charlie Devereux, Angus MacSwan Organizations: REUTERS, Rights, Firefighters, Astrophysics Institute, Reuters, Thomson Locations: Tenerife, Canary Islands, Spain, Rights TENERIFE, Guimar, Europe, Greece, Italy, Portugal

France, which widened its heatwave red alert in the south of the country, said it would scale back production at a nuclear power plant as high temperatures curbed cooling water supply. The strait, linking the Aegean Sea and the Black Sea, is a major shipping route for commodities such as oil and grains. It said some areas of southern France would experience temperatures of 42 degree Celsius (108 degrees Fahrenheit). The authorities widened a heatwave red alert for the south of the country, while officials urged some mountain climbers to postpone their activities and told grape pickers to work in the morning to avoid the extreme heat. Italy issued heatwave red alerts about "emergency conditions" that the health ministry says could endanger the healthy as well as the frail in 17 of its 27 main cities for Wednesday and Thursday, including Rome, Milan, Florence and Venice.

Persons: Firefighters, Vassilis Kikilias, herder, Saint Alban, Karolina Tagaris, Alexandros Avramidis, Ezgi, Zhifan Liu, Forrest Crellin, Nacho Doce, Violeta Santos Moura, Crispian Balmer, Charlie Devereux, Edmund Blair Organizations: Migration Ministry, Residents, Civil, European Union, EDF, Saint, Fundacion Madrina, Firefighters, Wednesday, Thomson Locations: Athens, Turkey, Dardanelles, France, Italy, ATHENS, ISTANBUL, Europe, Greece, Menidi, Amygdaleza, Fyli, Alexandroupolis, Evros, East, Asia, Turkey's, Canakkale, Meteo, Spain, Tenerife, Rome, Milan, Florence, Venice

☆ China's Honor stages India return with local manufacturing plans in early 2024
▼ + stars: | 2023-08-21 | by ( Indranil Sarkar | ) www.reuters.com time to read: +2 min

REUTERS/Nacho Doce/File Photo Acquire Licensing RightsBENGALURU, Aug 21 (Reuters) - Chinese smartphone brand Honor will relaunch in India through a licensing deal with a local company and is aiming to start domestic manufacturing by early next year, its country head told Reuters. Honor had stopped selling its smartphones in India and reportedly retreated last year amid limited marketing budget and less prudent portfolio management. It will launch three variants of Honor phones in India, with the mid-ranged Number series expected by September. The company, wholly owned by local shareholders, will make, sell and service Honor-branded smartphones in India. Honor Tech aims to capture a 5% share of India's smartphone market by sales volumes in 2024, with a revenue of at least 100 billion rupees ($1.20 billion), Sheth said.

Persons: Magic, Nacho, Neil Shah, Madhav Sheth, Realme, Sheth, Indranil Sarkar, Dhanya Skariachan, Dhanya Ann Thoppil Organizations: Congress, REUTERS, Rights, Reuters, Huawei Technologies, Counterpoint Research, Tech, Samsung Electronics, Vivo, Thomson Locations: Barcelona, Spain, India, Bengaluru

☆ Firefighters close to stabilising Tenerife fire as evacuees start returning home
▼ + stars: | 2023-08-21 | by ( Nacho Doce | ) www.reuters.com time to read: +2 min

[1/3] FILE PHTO: EIRIF forest firefighters work during the extinction of the forest fire in Arafo on the island of Tenerife, Canary Islands, Spain August 16, 2023. REUTERS/Borja Suarez/File Photo Acquire Licensing RightsTENERIFE, Canary Islands, Spain, Aug 21 (Reuters) - Firefighters on Monday battled to stabilise a huge wildfire that has devastated forests on the Spanish island of Tenerife for six days and forced thousands to evacuate their homes. "The worst is behind us," the Canary Islands' regional leader Fernando Clavijo said on Monday morning on Cadena SER radio station. Clavijo added the fire was almost certainly man-made and said police were investigating to identify and capture the arsonists. However, AEMET said there was a chance Tenerife would see some rainfall later on Monday.

Persons: Borja Suarez, Fernando Clavijo, Clavijo, AEMET, Nacho Doce, Inti Landauro, David Latona, Sharon Singleton Organizations: REUTERS, Rights, Cadena SER, Thomson Locations: Arafo, Tenerife, Canary Islands, Spain, Rights TENERIFE, Islands, Candelaria

☆ Wildfire spreads on Spain's Tenerife, forcing thousands from homes
▼ + stars: | 2023-08-20 | by ( ) www.reuters.com time to read: +2 min

No major tourist areas have been affected. Weather conditions overnight were "better than expected" Tenerife's fire brigade said on Sunday on X, formerly known as Twitter. Fernando Clavijo, Canary Islands' regional leader, said the largest firefighting deployment in the history of Tenerife had so-far prevented the loss of any homes. Evacuations were ordered throughout Saturday due to worsening weather conditions. Popular tourist areas on Tenerife, part of the Canaries archipelago in the Atlantic Ocean, have so far been unaffected and its two airports have been operating normally.

Persons: Fernando Clavijo, Rosa Davila, Jessica Jones, Nacho, Frances Kerry, Susan Fenton Organizations: REUTERS, Rights, Twitter, Thomson Locations: Tenerife, Canary Islands, Spain, Rights TENERIFE, Europe, Spain's La Palma, Canada, Maui, Lahaina

☆ Wildfire on Spanish island forces more evacuations
▼ + stars: | 2023-08-19 | by ( ) www.reuters.com time to read: +2 min

[1/6] A view shows fire over the mountains in the village of La Victoria, as wildfires rage out of control on the island of Tenerife, Canary Islands, Spain August 19, 2023. REUTERS/Nacho Doce Acquire Licensing RightsTENERIFE, Canary Islands, Spain, Aug 19 (Reuters) - More people were evacuated from their homes on the Spanish island of Tenerife on Saturday morning as a wildfire raging in the north of the island remained out of control, but the flames have so far avoided major tourist areas. The blaze broke out on Wednesday in a mountainous national park around the Mount Teide volcano - Spain's highest peak - amid hot and dry weather. Scorching heat and dry weather this summer have contributed to unusually severe wildfires in Europe and Canada. Blazes on Hawaii's Maui island earlier this month killed more than 110 people and wrecked the historic resort city of Lahaina.

Persons: Fernando Clavijo, Clavijo, Manuel Miranda, Miranda, Nacho Doce, Jessica Jones, Clelia Organizations: REUTERS, Rights, Territorial Policy, Thomson Locations: La Victoria, Tenerife, Canary Islands, Spain, Rights TENERIFE, Europe, Canada, Maui, Lahaina

☆ Tens of thousands evacuated as wildfire burns out of control on Spain's Tenerife
▼ + stars: | 2023-08-19 | by ( ) www.reuters.com time to read: +3 min

TENERIFE, Canary Islands, Spain, Aug 19 (Reuters) - Thousands more people were evacuated from their homes on the Spanish island of Tenerife on Saturday as a wildfire raging in the north of the island remained out of control, but the flames have so far avoided major tourist areas. The Canary Islands emergency services said more than 26,000 people had been evacuated by Saturday afternoon, according to provisional estimates, a sharp rise from 4,500 on Friday. The fire was at a scale that has never been seen before in the Canary Islands, Tenerife Council President Rosa Davila told reporters. [1/6]Samuel, 34, uses binoculars in the village of La Victoria, as wildfires rage out of control on the island of Tenerife, Canary Islands, Spain August 19, 2023. In La Victoria, in the north-west of the island, some people who had been evacuated were receiving medical help.

Persons: Fernando Clavijo, President Rosa Davila, Samuel, Paulina Fernandez, Nacho Doce, Jessica Jones, Clelia Organizations: Saturday, President, REUTERS, Reuters, Thomson Locations: TENERIFE, Canary Islands, Spain, Tenerife, La Victoria, Europe, Spain's La Palma, Canada, Maui, Lahaina

☆ Google-backed Anthropic raises $100 mln from South Korea's SK Telecom
▼ + stars: | 2023-08-14 | by ( ) www.reuters.com time to read: +1 min

The logo of SK Telecom is pictured at the GSMA's 2023 Mobile World Congress (MWC) in Barcelona, Spain February 28, 2023. REUTERS/Nacho Doce/File PhotoSEOUL, Aug 14 (Reuters) - South Korea's largest telco SK Telecom (017670.KS) said it will invest $100 million in U.S. artificial intelligence firm Anthropic to strengthen its telecommunications-driven AI business. SK Telecom, which also made a smaller investment in May, said on Sunday that the two companies plan to jointly develop a global telecommunications-oriented multilingual large language model and build an AI platform. SK Telecom declined to reveal the size of its May investment or the size of its stake in Anthropic. In July, SK Telecom agreed with Deutsche Telekom, e& and Singapore Telecommunications to form an alliance to jointly develop telecommunications-driven AI businesses.

Persons: Nacho, Anthropic, Claude, OpenAI's, Joyce Lee, Sam Holmes Organizations: SK Telecom, Congress, REUTERS, telco SK Telecom, OpenAI, Google, Spark Capital, Deutsche Telekom, Singapore Telecommunications, Thomson Locations: Barcelona, Spain, SEOUL, KS, Anthropic

☆ Overstretched Russian forces may lack the mechanized reserve to thwart Ukraine establishing a bridgehead on the Dnipro river, report says
▼ + stars: | 2023-08-13 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +3 min

A "mechanized" Russian counterattack may threaten Ukraine's advanced position, a think tank says. Ukraine's special forces recently broke Russian defensive lines in a raid across the Dnipro River. The US think tank said that "an effective Russian mechanized counterattack could threaten" Ukraine's advanced position, but it was "unclear if Russian forces possess the mechanized reserves necessary to do so." A mine danger sign by the Dnipro River in Kherson, Ukraine on January 25, 2023. REUTERS/Nacho DoceIt also said that "continuing Russian claims that Ukrainian forces maintain a presence on the east bank of the Dnipro River suggest that Russian forces are concerned that they have established semi-lasting positions across the river."

Persons: Ukraine's, Michael Clark, They've, they've, Clark Organizations: Service, Institute for, REUTERS, King's College London, Sky News Locations: Russia, Russian, Dnipro, Wall, Silicon, Ukrainian, Ukraine, Kherson Oblast, Kherson, Crimea, Zaporizhzhia, Bakhmut

☆ Deutsche Telekom lifts 2023 guidance slightly again
▼ + stars: | 2023-08-10 | by ( ) www.reuters.com time to read: +1 min

The logo of Deutsche Telekom is pictured at the GSMA's 2023 Mobile World Congress (MWC) in Barcelona, Spain February 28, 2023. REUTERS/Nacho Doce/File PhotoSummaryCompanies Now sees 2023 EBITDA AL of 41.0 bln euros vs 40.9 blnQ2 EBITDA AL 10.04 bln euros vs consensus 10.02 blnQ2 revenues 27.2 bln euros vs consensus 27.3 billionBERLIN, Aug 10 (Reuters) - Deutsche Telekom (DTEGn.DE) slightly lifted its 2023 operating profit target a second time on Thursday, boosted by its U.S. business T-Mobile US (TMUS.O), which raised its outlook for customer growth two weeks ago. Bonn-based parent Telekom said it now expects adjusted earnings before interest, taxes, depreciation and amortization after leases (EBITDA AL) to reach around 41 billion euros ($45.03 billion) this year, compared with previous guidance for about 40.9 billion. The group reported second-quarter EBITDA AL that rose 1.5% year-on-year to 10.04 billion euros, a tad above analyst consensus for 10.02 billion. Revenues slipped by 2.4% to 27.2 billion euros, slightly below consensus for 27.3 billion, as it withdrew from the terminal equipment business in the U.S. following its takeover of rival Sprint in 2020.

Persons: Nacho, Maria Sheahan, Friederike Heine Our Organizations: Deutsche Telekom, Congress, REUTERS, Mobile, Telekom, Sprint, Thomson Locations: Barcelona, Spain, U.S, Bonn

☆ Brazilian consumer prices seen virtually flat in July vs June
▼ + stars: | 2023-08-09 | by ( Gabriel Burin | ) www.reuters.com time to read: +3 min

A customer looks at the prices at a supermarket in Rio de Janeiro, Brazil, May 6, 2016. "Moreover, services and core services indexes also improved... although they will continue to be considerably above the inflation target," the analysts noted. Brazil is enjoying benign food inflation trends resulting from a record-breaking crop that may be repeated next season, provided the country's vast production of grains and oilseeds is spared from the impact of the El Nino climatic pattern. Apart from helping to open a window for much awaited interest rate cuts, stable food prices facilitate President Luiz Inacio Lula da Silva's government initiative to raise fuel taxes again in a bid to strengthen Brazil's public accounts. Reporting and polling by Gabriel Burin; Editing by Ross Finley and Jan HarveyOur Standards: The Thomson Reuters Trust Principles.

Persons: Nacho Doce, Luiz Inacio Lula da Silva's, Gabriel Burin, Ross Finley, Jan Harvey Organizations: REUTERS, Santander, El, Thomson Locations: Rio de Janeiro, Brazil

☆ Verizon to raise prices again
▼ + stars: | 2023-08-09 | by ( ) www.reuters.com time to read: +1 min

People visit the Verizon stand at the Mobile World Congress (MWC) in Barcelona, Spain February 27, 2023. REUTERS/Nacho DoceAug 9 (Reuters) - Verizon Communications (VZ.N) is raising prices on some of its wireless plans as the No. Last month, Bloomberg reported that Verizon was raising the monthly price on its wireless home internet offering by $10. The company beat second-quarter profit estimates last month and posted a surprise rise in subscriber additions defying analyst expectations for a loss. But its consolidated operating revenue fell 3.5% in the quarter, after falling nearly 2% in the previous three months.

Persons: Nacho Doce, Tony Skiadas, Skiadas, Samrhitha, Anil D'Silva Organizations: Verizon, Mobile World Congress, REUTERS, Verizon Communications, Bloomberg, Thomson Locations: Barcelona, Spain, Bengaluru

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