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☆ Mercedes tell Hamilton the seat is his to race into his 40s
▼ + stars: | 2022-10-30 | by ( ) www.reuters.com time to read: +2 min

"It's 100% his seat," team boss Toto Wolff told reporters at the Mexico City Grand Prix when asked whether Mercedes, who have Britain's George Russell in their other car, might consider anyone else. Mercedes still harbour hopes of overtaking Ferrari for second place overall in a year dominated by Red Bull and Max Verstappen. The oldest race winner of the modern era remains Nigel Mansell at 41 in 1994, with Kimi Raikkonen also a winner at 39 in 2018. "As long as you continue to look after yourself and develop your cognitive sensors, I think he (Hamilton) has many more years in him. I'm pretty certain that's going to be the case here in the team," said Wolff.

☆ London's $96 million cable car, which became an unlikely viral hit on TikTok, has been given a makeover
▼ + stars: | 2022-10-29 | by ( Stephen Jones | ) www.businessinsider.com time to read: +5 min

London's $96 million cable car system has a new look and name change. The cable car struggled to attract commuters but has proved a hit on TikTok. The transport system's rebrand was unveiled at a recent event as IFS Cloud Cable Car. While the cable car has struggled to attract commuters it has proved to be a popular hit on social media during that time. According to TfL's figures, about 15 million people have used the cable car in the decade since it opened.

☆ OMV bets on more LNG from ADNOC, Q3 profit soars
▼ + stars: | 2022-10-28 | by ( ) www.reuters.com time to read: +2 min

Like other European energy companies, OMV, which until the Ukraine war depended heavily on Russian oil and gas, is striving to diversify its supplies. "For us, it is important that we diversify the gas supply for Austria and this is a building block." High energy prices meant OMV (OMVV.VI), in which the Austrian state holds 31.5%, nearly doubled its core profit in the third quarter. For some years, OMV has been shifting its growth focus towards high-quality plastics such as polyethylene, polypropylene and PVC, from oil and gas. Mubadala, which also holds 24.9% in OMV, agreed to sell a remaining 25% stake in Borealis to ADNOC in April.

The troubled Swiss bank outlined what its chairman Axel Lehmann dubbed a "blueprint for success", after racking up a 4 billion Swiss franc loss in the third quarter of the year and following torrid weeks for the group. Saudi National Bank, the Kingdom's biggest lender, committed to invest up to 1.5 billion francs in Credit Suisse to achieve a shareholding of up to 9.9%. The Swiss bank said it also aims to separate out its investment bank to create CS First Boston, focused on advisory and capital markets, and hopes to attract third-party capital and set up a partnership with the new Credit Suisse. Credit Suisse said it will create a capital release unit to wind down non-strategic, higher-risk businesses, while announcing the sale of a large part of its securitised products business. Credit Suisse needs to revamp after a series of costly and morale-sapping blunders that triggered a wholesale change of management, a halt in dividend payments and an urgent rethink about its future.

☆ Factbox: Who's in and out in Credit Suisse's day of reckoning
▼ + stars: | 2022-10-27 | by ( Pamela Barbaglia | ) www.reuters.com time to read: +5 min

Oct 27 (Reuters) - Credit Suisse's (CSGN.S) latest shake-up has led to the promotion of some senior executives to more powerful roles while others are leaving. IN:MICHAEL KLEINA former Citigroup Inc (C.N) dealmaker, Klein has been named adviser to Credit Suisse CEO Ulrich Körner. He was hired by former Credit Suisse boss Tidjane Thiam in 2017 to run equity derivatives globally. A Spanish national, Lopez Lorenzo joined Credit Suisse in 2015 from JPMorgan (JPM.N) where he was a managing director in New York. The 47-year-old banker was part of a new crop of executives who had been tasked to restore Credit Suisse's reputation after a series of scandals.

☆ Investment has been pouring into technology in the agriculture space. How to play it
▼ + stars: | 2022-10-24 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +9 min

Even before the coronavirus pandemic hit in 2020, the agriculture industry was dealing with a number of headwinds, from hurricanes and poor planning disrupting crop growth cycles to the impact of retaliatory tariffs slashing exports. These issues have highlighted an immense need for investment in agriculture and specifically technology to improve the efficiency of the industry. Last year, Deere also purchased Bear Flag Robotics, a Silicon Valley agriculture technology startup that develops autonomous farm equipment, for $250 million. AGCO , an agricultural machinery manufacturer, has also made several investments or acquisitions in the last few years in new technology in the space. The agriculture company in September bought Symborg, a Spanish microbiological technologies firm that makes biostimulants and biofertilizers for many kinds of crops and agriculture systems that boost results.

☆ Max Verstappen equals single-season win record at US Grand Prix on emotional weekend for Red Bull
▼ + stars: | 2022-10-24 | by ( Ben Church | ) edition.cnn.com time to read: +3 min

CNN —Max Verstappen fought back after pit-stop drama to win the US Grand Prix on Sunday, handing Red Bull the constructors’ championship on an emotional weekend for the team. The Dutchman’s victory came just one day after it was announced that owner and co-founder of Red Bull, Dietrich Mateschitz, had died aged 78. The stop lasted over 11 seconds with Red Bull mechanics scrambling for a replacement wheel gun after Verstappen’s front left tire was not tightened sufficiently. Verstappen poses with the Red Bull team to celebrate winning the constructors' championship. “A very emotional moment, a big moment for the team and for everyone at Red Bull,” he told reporters.

☆ Red Bull owner Dietrich Mateschitz dies aged 78
▼ + stars: | 2022-10-23 | by ( ) www.reuters.com time to read: +3 min

Red Bull owner Dietrich Mateschitz (R) congratulates Red Bull Formula One driver Sebastian Vettel of Germany for winning the championship and the Abu Dhabi Grand Prix at the Yas Marina circuit November 14, 2010. REUTERS/Ahmed JadallahOct 22 (Reuters) - Dietrich Mateschitz, the Austrian billionaire founder and owner of energy drink company Red Bull, died on Saturday at the age 78 after a serious illness with cancer. The Styrian-born entrepreneur built a global empire around the energy drink Red Bull and was considered the richest man in Austria. The group achieved a turnover of 7.8 billion euros in 2021 and sold 9.8 billion Red Bull cans worldwide. Mateschitz was also the founder and owner of Red Bull Racing, a Formula 1 racing team based in Milton Keynes, Britain.

☆ Dietrich Mateschitz: Tributes paid to Red Bull founder
▼ + stars: | 2022-10-23 | by ( Aimee Lewis | ) edition.cnn.com time to read: +3 min

CNN —Tributes have been paid to Dietrich Mateschitz, the owner and co-founder of the sports drink company Red Bull, who has died aged 78. Ker Robertson/Getty ImagesIn 2004, Mateschitz bought the Ford-owned Jaguar team and the following season renamed it Red Bull Racing. The Austrian also bought the Italy-based Minardi F1 team and renamed it Toro Rosso in 2006, the Italian for Red Bull. After years of Mercedes dominance in recent years, Red Bull is back at the front of the grid with Max Verstappen sealing his second title at the Japanese Grand Prix earlier this month. “I want to send all my condolences to the Red Bull family, but also especially to his family that I also know.

☆ Red Bull co-founder Dietrich Mateschitz dies at 78
▼ + stars: | 2022-10-23 | by ( ) www.cnbc.com time to read: +1 min

Red Bull owner Dietrich Mateschitz celebrates with FC Red Bull Salzburg during the tipico Bundesliga match with SK Sturm Graz at the Red Bull Arena on July 1, 2020 in Salzburg, Austria. Austrian billionaire Dietrich Mateschitz, the co-founder of energy drink company Red Bull and founder and owner of the Red Bull Formula One racing team, has died. Officials with the Red Bull racing team at the United States Grand Prix in Austin, Texas, announced Mateschitz's death Saturday. With the growing success of Red Bull, he significantly expanded his investments in sports, specifically motorsports and extreme sports, and Red Bull now operates football clubs, ice hockey teams and F1 racing teams. Red Bull also has contracts with hundreds of athletes in various sports and a deep driver development program to get racers to the top level.

☆ The man who made Red Bull the world's best-known energy drink and amassed a $25 billion fortune has died aged 78
▼ + stars: | 2022-10-23 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +3 min

The Austrian billionaire saw the potential in a Thai energy drink before investing in Red Bull. The Austrian co-founded the energy drink in 1984 after seeing the potential in another energy drink created by Thai investor Chaleo Yoovidhya, who became his cofounder. Just over 9.8 billion cans of Red Bull were sold last year, 24% more than in 2020, with revenue jumping by almost a quarter to 7.8 billion euros. Through Red Bull, Mateschitz also owned football clubs including Austria's Red Bull Salzburg, New York Red Bull, and RasenBallsport Leipzig. Red Bull also sponsors sports such as surfing, cliff diving, winter sports, and mountain biking and hundreds of competitors display its branding.

☆ Dietrich Mateschitz, co-founder of Red Bull and F1 team owner, dies at 78
▼ + stars: | 2022-10-22 | by ( The Associated Press | ) www.nbcnews.com time to read: +3 min

AUSTIN, Texas — Austrian billionaire Dietrich Mateschitz, the co-founder of energy drink company Red Bull and founder and owner of the Red Bull Formula One racing team, has died. Officials with the Red Bull racing team at the United States Grand Prix in Austin, Texas, said Saturday that Mateschitz had died. With the growing success of Red Bull, he significantly expanded his investments in sports. Red Bull now operates football clubs, ice hockey teams and F1 racing teams, and has contracts with hundreds of athletes in various sports. The Austrian Servus TV station, owned by Red Bull Media House GmbH, is known for promoting right-wing provocative views.

☆ Sainz on pole in Austin as F1 mourns Mateschitz
▼ + stars: | 2022-10-22 | by ( Alan Baldwin | ) www.reuters.com time to read: +4 min

"I think for tomorrow Red Bull are still the favourites and they normally have the better race pace," he added. The Monegasque was 0.065 slower than Sainz's pole time of one minute 34.356 seconds in a windy session at the undulating circuit outside Austin. "The last lap wasn't the best, Carlos did a better job today and deserves to be on pole," said Leclerc. Ferrari need to score 19 points more than Red Bull, who have won the last seven races, to keep the constructors' championship alive with three rounds remaining. Aston Martin's four times world champion Sebastian Vettel, who won his titles with Red Bull, starts 10th.

☆ Red Bull F1 team mourn death of founder Mateschitz at 78
▼ + stars: | 2022-10-22 | by ( ) www.reuters.com time to read: +2 min

Formula One - F1 - Abu Dhabi Grand Prix 2010 - Yas Marina Circuit, Abu Dhabi, United Arab Emirates - 14/11/10 (L-R) Red Bull Racing Chief Technical Officer Adrian Newey, Team Principal Christian Horner, CEO and Founder of Red Bull Dietrich Mateschitz and Red Bull Motorsport Consultant Dr Helmut Marko Mandatory Credit: Action Images / Crispin ThrustonAUSTIN, Texas, Oct 22 (Reuters) - Formula One and the championship-leading Red Bull team mourned the death of the energy drink company's Austrian founder Dietrich Mateschitz on Saturday at the age of 78. Red Bull Racing principal Christian Horner confirmed the news ahead of qualifying for the U.S. Grand Prix in Austin, Texas, where the team can clinch a fifth constructors' championship. Mateschitz bought the Ford-owned Jaguar team at the end of 2004 and turned it into Red Bull Racing, an outfit whose maverick image masked a fierce competitive spirit. The Austrian also bought the Italy-based Minardi team and renamed it Toro Rosso, the Italian for Red Bull. "He was an incredible visionary entrepreneur and a man who helped to transform our sport and created the Red Bull brand that is known all around the world."

☆ Europe’s $9 billion digital bank N26 launches crypto trading service amid bear market
▼ + stars: | 2022-10-20 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

European digital bank N26 announced Thursday it is launching a crypto trading service, starting with Austria as the first market for the product. The service, called N26 Crypto, is set to become available to N26's Austrian clients in the coming weeks and will initially include 100 tokens including bitcoin and ether. Once they complete their order, cash is deducted from their main account balance and appears alongside the token of their choice. Customers can also "drag and drop" funds from their main account into their crypto portfolio, or vice versa, N26 said. Fintech rivals PayPal and Revolut have long offered their users the ability to buy and sell digital assets, and payment leviathans Visa and Mastercard also sell their clients crypto and so-called "Web3" services.

☆ Consortium including Aker, Trafigura offers to buy OMV's E&P unit -report
▼ + stars: | 2022-10-18 | by ( David Carnevali | Foo Yun Chee | ) www.reuters.com time to read: +2 min

REUTERS/Denis Balibouse/File PhotoVIENNA, Oct 18 (Reuters) - A consortium including Norwegian energy group Aker has made an unsolicited offer to buy most of Austrian oil and gas firm OMV's exploration and production business, according to newspaper report on Tuesday which an industry source confirmed to Reuters. Register now for FREE unlimited access to Reuters.com RegisterAn industry source confirmed the consortium's expression of interest but identified Aker BP as the member rather than Aker ASA. OMV confirmed that it had received a letter expressing interest in its E&P business. The offer also did not include OMV's Romanian unit Petrom or E&P business in Russia, Kurier reported. The consortium estimated the value of the 51% stake in the E&P division at $5.5 billion to $7 billion, Kurier added.

Oct 18 (Reuters) - Austria raised 1 billion euros ($983.20 million) on Tuesday from the auction of the first ever green T-bill, a move aimed at attracting shorter-term investors to buy environmentally friendly assets. But with central banks and a wider group of investors interested in green investments to bolster their sustainability credentials, interest in shorter-term green debt is growing. Austria, rated AA, is the first government to issue a green T-bill - short-term government debt which usually matures in less than a year. Markus Stix, director of the Austrian Treasury, called short-term green securities the "missing link" in the green market. It was easier for Austria to shift expenditure for funding through green T-Bills, given its overall T-Bill programme was only launched in 2021 and it just started issuing green debt, the banker said.

☆ I’ve been following a woman around the internet. Turns out she was created by artificial intelligence.
▼ + stars: | 2022-10-16 | by ( Evan Ratliff | ) www.businessinsider.com time to read: +31 min

Even in their first efforts, the GAN images were quickly on par with those made by any other, less intelligent software. You can find the results on the Generated Photos site, where you can filter by ethnicity, age, sex, eye color, and other attributes. Generated Photos' GANs tend to match conventional beauty standards, a product of the models that have been fed to the software. I'm not sure anyone would be surprised to find fake images accompanying testimonials on an Estonian bitcoin exchange or an online CBD seller. Are they real people deploying fake images, or fake people deploying fake images?

☆ That company's 'About Us' page may be full of fake pictures of 'people' who don't actually exist
▼ + stars: | 2022-10-16 | by ( Ryan Hogg | Evan Ratliff | ) www.businessinsider.com time to read: +3 min

Some companies are using AI technology to put fake "staff" on their "about us" pages. Ratliff spoke to Lukas, the man behind an Austrian test-prep company called takeIELTS, who confirmed he had used several fake images on its "about us" page. Ratliff said when he checked in on takeIELTS months later, Lukas had removed all the fake images and changed the company's name. The website of another company, Informa Systems, which sold law enforcement training materials to the City of Austin Police Department, was covered with fake images. Ratliff said there are now companies developing software aimed at detecting fake images on company websites and elsewhere on the internet.

☆ Felix Baumgartner: 10 years on, the man who fell to Earth is still awed by experience
▼ + stars: | 2022-10-14 | by ( Alasdair Howorth | ) edition.cnn.com time to read: +4 min

CNN —After six years of preparation, struggle and sacrifice, Felix Baumgartner found himself quite literally on the edge of the world. “I’m standing there on top of the world outside of a capsule in space and in the stratosphere. "The only thing that I didn't know when I landed was: did I break the speed of sound," says Baumgartner. “Once I was on my way, I slowly started to spin in one direction, then I start spinning in the opposite direction, and then I really started spinning faster and faster and faster,” Baumgartner explained. I was reconnected to the outside world, and that was a very happy moment.

☆ ECB policymakers prepared to be 'more readable' to the market, Austrian central bank chief says
▼ + stars: | 2022-10-12 | 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 EmailECB policymakers prepared to be 'more readable' to the market, Austrian central bank chief saysEuropean Central Bank policymaker and Austrian National Bank Governor Robert Holzmann discusses the outlook for monetary policy and says ECB policymakers are prepared to be "more readable” with their views on interest rates.

☆ 3 U.S.-based economists given Nobel Prize for work on banks
▼ + stars: | 2022-10-10 | by ( The Associated Press | ) www.nbcnews.com time to read: +2 min

STOCKHOLM — This year’s Nobel Prize in economic sciences has been awarded to the former chair of the U.S. Federal Reserve, Ben S. Bernanke, and two U.S.-based economists, Douglas W. Diamond and Philip H. Dybvig, “for research on banks and financial crises.”The prize was announced Monday by the Nobel panel at the Royal Swedish Academy of Sciences in Stockholm. Last year, half of the award went to David Card for his research on how the minimum wage, immigration and education affect the labor market. The Nobel Economics Prize was awarded to a US trio for their contributions on explaining the role of banks in the economy. French author Annie Ernaux won this year’s Nobel Prize in literature Thursday. The Nobel Peace Prize went to jailed Belarus human rights activist Ales Bialiatski, the Russian group Memorial and the Ukrainian organization Center for Civil Liberties on Friday.

An EU official said Austria was undertaking "diplomatic outreach" to potentially interested countries. Austria, Germany, Luxembourg, Portugal and Denmark jointly called for nuclear to be excluded from the rules last November when the EU was still drafting them. Ireland and Spain had also warned Brussels against labelling investments in gas as "green". Gewessler said labelling gas, a fossil fuel, as a green energy investment had damaged the credibility of the EU rules. Environmental campaigners including Greenpeace launched separate legal challenges last month against the rules, which they said violated the EU's own climate laws.

REUTERS/Francois LenoirWASHINGTON/BRUSSELS, Oct 7 (Reuters) - U.S. President Joe Biden on Friday signed an executive order to implement a European Union-United States data transfer framework announced in March that adopts new American intelligence gathering privacy safeguards. Judges with experience in data privacy and national security will be appointed from outside the U.S. government. European privacy activists have threatened to challenge the framework if they did not think it adequately protects privacy. Austrian Max Schrems, whose legal challenges have brought down the previous two EU-U.S. data flow systems, said he still needed to analyze the package. "At first sight it seems that the core issues were not solved and it will be back to the CJEU (EU court) sooner or later," he said.

☆ London, Paris, Frankfurt and beyond: CNBC names Europe's best hotels for business travel
▼ + stars: | 2022-10-04 | by ( Monica Buchanan Pitrelli | ) www.cnbc.com time to read: +10 min

CNBC Travel and the market data firm Statista today release a ranking of the "Best Hotels for Business Travelers" in Europe. FrankfurtSofitel Frankfurt Opera JW Marriott Hotel Frankfurt Best Western Premier IB Hotel Friedberger Warte Le Meridien Frankfurt Steigenberger Airport Hotel FrankfurtSofitel Frankfurt Opera Source: Sofitel Frankfurt OperaThe Sofitel Frankfurt Opera is on Opera Square, or the Opernplatz, near the city's famed opera house. ParisLe Bristol Paris Les Jardins du Faubourg Kimpton - St Honore Paris Pullman Paris Center-Bercy Le MeuriceLe Bristol Paris Source: Le Bristol Paris | Claire CocanoGuests of Le Bristol Paris can count President Emmanuel Macron as a neighbor — Elysee Palace, the official residence of France's president — is just steps away. StockholmGrand Hotel Stockholm Radisson Blu Waterfront Hotel Stockholm Hotel At Six Bank Hotel Lydmar HotelGrand Hotel Stockholm Source: Grand Hotel StockholmTying for No. ViennaPalais Coburg Hotel Residenz Hotel Sans Souci Wien The Ritz-Carlton, Vienna The Harmonie Vienna Grand Hotel Wien This grand hotel built in 1845 is the former home of Austrian royalty.

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