DIRS.INFO The most relevant business & tech news

☆ Here's everything we know so far about Tesla's Cybertruck
▼ + stars: | 2023-11-26 | by ( Nora Naughton | ) www.businessinsider.com time to read: +4 min

New videos of the Tesla Cybertruck feature a show-stopping interior with a full glass roof. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The Tesla Cybertruck was first revealed to much fanfare in 2019, and its release has been pushed back several times since then. From what we've seen of the dashboard so far, much of the interior of the Cybertruck is surprisingly barebones. Those prices vanished from the Cybertruck website in 2021, and an official price has still been difficult to pin down.

Persons: frunk, —, Tesla, we've, what's Organizations: Service, Texas

How to watch WWE Survivor Series live streams from anywhereYou can use a VPN to watch Survivor Series live if you don't live in a country with cable access or streaming plans that include WWE Network events. How to watch WWE Survivor Series in the UKTNT Sports Box Office will show Survivor Series in the UK via providers Sky, Virgin Media, and BT TV. How to watch WWE Survivor Series in CanadaSurvivor Series will stream over the WWE Network via Sportsnet in Canada. How to watch WWE Survivor Series in AustraliaBinge is the primary destination for Survivor Series in Australia. WWE Survivor Series match cardHere's a schedule of all the matches taking place at Survivor Series.

Persons: showdowns, Randy Orton, Cody Rhodes, Seth Rollins, Sami Zayn, Asuka, Baily, Iyo, Bianca Belair, Charlotte Flair, Becky Lynch, We'll, Peacock, Canada's, It's, ExpressVPN, NBC Peacock, you've, Randy Orton Cody Rhodes, Finn Balor, Dominik Mysterio, JD McDonagh, Damian Priest, Drew Mcintyre, Bayley, Kairi Sane, Rhea Ripley, Zoey Stark, Gunther, Carlito, Santos Escobar Organizations: WWE Survivor, Games, Jey Uso, Damage, Survivor, WWE, WWE Network, Canada's Sportsnet, NBC, TNT, Sky, Virgin Media, BT, TNT Sports, Canada Survivor, Sportsnet, Survivor Series, Men's, Uso, Women's, Miz Locations: Chicago, United States, Australia, Canada, Shotzi

☆ Australia climate change activists disrupt shipping at coal port
▼ + stars: | 2023-11-25 | by ( ) www.reuters.com time to read: +2 min

SYDNEY, Nov 25 (Reuters) - A climate change protest off the coast of Australia's New South Wales State disrupted operations at the country's biggest coal export port on Saturday, the port operator said. The Port of Newcastle, some 170 km (105 miles) from the state capital Sydney, is the largest bulk shipping port on Australia's east coast and the nation's largest terminal for coal exports, according to the New South Wales government. Rising Tide spokesperson Zack Schofield said no coal shipments had entered or exited the port since 10 a.m. Saturday. State police said no arrests had been made in relation to the protest under way near the port on Saturday. Climate change is a divisive issue in Australia, the world's second-biggest exporter of thermal coal behind Indonesia, and the top exporter of coking coal, used to make steel.

Persons: Zack Schofield, Sam McKeith, Jacqueline Wong Organizations: SYDNEY, Australia's New South Wales State, New South, Tide, State, Labor, Thomson Locations: Australia's New South Wales, Port, Newcastle, Sydney, Australia's, New South Wales, Australia, Indonesia

Now, hundreds of migrants from the Middle East and Africa have appeared at Finland's border from Russia, seeking entry into the Nordic country. They accuse Russia of driving the migrants to the border to sow discord as payback for Finland's membership in NATO. Finnish authorities quickly closed four checkpoints and then three more, leaving just one Arctic crossing point open for asylum-seekers. Finland also asked for help from EU border agency Frontex, which said it would send dozens of officers and equipment as reinforcements to the Finnish border. The Kremlin denies encouraging the migrants, and says it regrets the Finnish border closures.

Persons: Elina Valtonen, Petteri Orpo, Maria Zakharova, Valtonen, Russia’s, ”, Klaus Dodds, ” Dodds, Ylva Johansson, Sauli Niinistö, Alexander Lukashenko, Evika Siliņa, Siliņa, Lukashenko, Vladimir Putin, “, Geert Wilders, Orpo’s, Vanessa Gera Organizations: HELSINKI, —, NATO, Nordic, Associated Press, HOW, EU, Frontex, Russian Foreign Ministry, Royal Holloway, University of London, VU EU Home Affairs, Belarus —, Latvian, AP, Poland’s, Guard Locations: Finland, Russia, East, Africa, Syria, Yemen, Somalia, Iraq, Afghanistan, Finnish, FINLAND, Helsinki, Belarus, Europe, Moscow, Ukraine, Poland, Lithuania, Latvia, Baltic, Netherlands, Finns, Lapland, Murmansk, Warsaw

These include plans by ArcelorMittal , the world's second-largest steelmaker, to spend 2.5 billion euros to decarbonise its German steel mills, efforts that depend on now-uncertain government support. "What we're seeing here is devastating for Germany as a business location globally. Besides the 6 billion euros of steel investments, other sectors potentially affected by the court ruling include 4 billion euros in the area of microelectronics and 20 billion euros for battery cell production, according to an economy ministry paper seen by Reuters. Those have previously been estimated at 68 billion euros. "Important industries in Germany, such as chemicals or steel production, need economical energy prices," Oliver Blume, CEO of Europe's top carmaker Volkswagen (VOWG_p.DE), told Frankfurter Allgemeine Zeitung.

Persons: Olaf Scholz, Robert Habeck, Christian Lindner, Reiner Blaschek, Chancellor Olaf Scholz, Stefan Rauber, Intel INTC.O, Taiwan's, Bernhard Osburg, Oliver Blume, Christoph Steitz, Tom Kaeckenhoff, Andreas Rinke, Catherine Evans Organizations: Climate, Finance, ArcelorMittal, SHS Stahl, Reuters, IMF, Intel, TW, Infineon, Steel, BASF, Wacker Chemie, Volkswagen, Frankfurter Allgemeine Zeitung, Thomson Locations: FRANKFURT, DUESSELDORF, Berlin, Germany, Asia, United States, U.S, USA, Steel Europe

☆ Britain wins litter-picking World Cup with load of rubbish
▼ + stars: | 2023-11-24 | by ( ) www.reuters.com time to read: +2 min

[1/5] Members of team UK sort out garbage which they collected during a trash picking competition known as "Spogomi World Cup" in Tokyo, Japan November 22, 2023. REUTERS/Kim Kyung-Hoon Acquire Licensing RightsTOKYO, Nov 24 (Reuters) - Britain came out on top when 21 teams from around the world gathered in Tokyo this week to collect litter in the inaugural SpoGomi World Cup, an initiative aimed at raising awareness of environmental issues. "Sometimes it was really hard because there wasn't really that much trash," said Team USA member Beatrice Hernandez. Organisers the Nippon Foundation said the World Cup had been held to raise awareness of environmental issues, in particular that of plastic pollution in the oceans. The second World Cup is planned for 2025.

Persons: Kim Kyung, we're, Sarah Parry, It's, Japan's, Beatrice Hernandez, Mitsuyuki Unno, Nick Mulvenney, Peter Rutherford Organizations: REUTERS, Rights, USA, Nippon Foundation, Reuters, Thomson Locations: Tokyo, Japan, Britain, Australia, Brazil, Shibuya, Omotesando

☆ Iron ore gains on China’s property debt-rejig pain
▼ + stars: | 2023-11-24 | by ( ) www.reuters.com time to read: +2 min

A steel worker of ThyssenKrupp stands amid sparks of raw iron coming from a blast furnace at a ThyssenKrupp steel factory in Duisburg, western Germany, January 30, 2020. The benchmark December iron ore futures contract on the Singapore Exchange is up 10% this month at $133.45 a ton on hopes Beijing will kickstart the property sector. Anticipating spiking demand from the world’s second largest economy, Citi analysts on Tuesday upgraded their forecast iron ore price to $140 per ton. The optimism on iron ore could further grow if Beijing rolls out more structural reforms, such as the provision of social housing. China’s demand for steel in electric vehicles and green infrastructure has already kept average prices high despite the property slump.

Persons: Wolfgang Rattay, Chan Ka, Una Galani, Thomas Shum Organizations: REUTERS, Reuters, Singapore Exchange, Citi, Hong Kong, HK, X, Thomson Locations: ThyssenKrupp, Duisburg, Germany, HONG KONG, China, Beijing, HK, Rome

☆ India set to miss divestment targets by more than half this year - sources
▼ + stars: | 2023-11-24 | by ( Nikunj Ohri | ) www.reuters.com time to read: +3 min

The government may fall short of its divestment goal by 300 billion rupees ($3.60 billion) in 2023/24, two government sources told Reuters. New Delhi had targeted 510 billion rupees from divestment proceeds for the current fiscal year that ends March, 2024. So far this year, the government has received 80 billion rupees through stake sales, according to government data. The government expects to surpass its 430 billion rupees dividend target and has so far received 203 billion rupees from state-run firms. "As long as the government is meeting its fiscal targets and there isn't a shortfall, missing divestment targets is fine," said Rahul Bajoria, an economist at Barclays Investment Bank.

Persons: Niharika Kulkarni, Narendra Modi's, Subhash Chandra Garg, Rahul Bajoria, Nikunj Ohri, Sam Holmes Organizations: IDBI, REUTERS, Reuters, IDBI Bank, NMDC Steel, Reserve Bank of India, NMDC, Barclays Investment Bank, Thomson Locations: Mumbai, India, DELHI, New Delhi, Chhattisgarh

☆ Elon Musk says the Tesla Cybertruck will be bulletproof. That remains to be seen.
▼ + stars: | 2023-11-24 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Elon Musk says the Cybertruck will be bulletproof, boasting that Tesla shot it up with a Tommy gun. Deliveries are set to start next week, with Musk warning that Tesla faces big production challenges. AdvertisementElon Musk has long claimed the Cybertruck will be bulletproof, saying he wants the futuristic pickup to be "really tough — not fake tough." As the Cybertruck's launch date nears, though, it still remains unclear just how bulletproof it is going to be. AdvertisementThis "armor glass" won't be able to stop a bullet — but Musk's said that Tesla will offer the option to buy a "beast mode" Cybertruck with properly bulletproof windows.

Persons: Elon Musk, Tesla, —, Musk's, Musk, Frederic J . Brown, Al Capone, Critics, Tommy Organizations: Service, Auto, Business

Today, November 24, we're sorting through every deal to find the best Le Creuset Black Friday sale discounts. Known for cast iron pieces that last for decades, Le Creuset is a favorite among professional and home cooks. So far, the best Le Creuset Black Friday deal is $150 off the Le Creuset Chef's Oven with a glass lid. The best Le Creuset Black Friday sale dealsLe Creuset Black Friday FAQsIs Le Creuset worth it? You can get great cast iron from more budget-friendly brands like Lodge Cast Iron, but we stand by Le Creuset for enameled cast iron statement pieces.

Persons: Le, Le Creuset, Creuset

During the sale, its crisp percale sheets start at $127 for a Queen, and its linen sheets with a cozy, lived-in look start at $167. Read our Parachute percale sheets review and Parachute linen sheets review for the lowdown on this breathable bedding. Read our Parachute Mattress review to learn what it's like to sleep on its combination of New Zealand wool, organic cotton, and pocketed steel coils. Beyond bedding, Parachute offers bath, loungewear, decor, and a furniture collection that launched last year. Shop all Black Friday deals from ParachuteThe best Black Friday deals from Parachute

Locations: Zealand

☆ Love your leftovers — the best way to reheat your favorite foods
▼ + stars: | 2023-11-23 | by ( Casey Barber | ) edition.cnn.com time to read: +8 min

Here are my strategies for reheating meals that taste just as good the second (or third) time around and eating every single portion of everything I cook. Turning to the microwave is often the first response when reheating leftovers, but it's not always the method that will give the most optimal results for most foods. These ovens can reheat food without waiting to preheat, and many offer convection, air frying or one-touch pizza options. What foods work best for microwave reheating? Foods that have a main liquid component, such as soups and stews, are a natural fit for microwave reheating.

Persons: sighs, that’s, Margot Vigeant, it's, Alberto Mier, ” Vigeant, “, ”, Maillard, It’s, fryer, skillet, I’m, Vigeant, you’ve, it’s, Casey Barber Organizations: CNN, Bucknell University, Pennsylvania Locations: United States, yuck, reheating

☆ German budget hole puts industry at risk, steel sector warns
▼ + stars: | 2023-11-23 | by ( Christoph Steitz | ) www.reuters.com time to read: +3 min

Steel coils are waiting for delivery at the storage and distribution facility of German steel maker ThyssenKrupp in Duisburg, Germany, November 16, 2023. Bernhard Osburg, president of the German steel association and CEO of Thyssenkrupp's (TKAG.DE) steel division, the country's top steelmaker, told reporters that it was vital for Germany to protect its future competitiveness. His comments highlight major uncertainty within Germany's industrial firms, which are already struggling with local economic conditions and are increasingly looking to alternative, more favourable, markets, such as the United States. So he called on Berlin to hold a summit soon with German industry leaders to provide answers on how these investments could be protected, warning of an "utmost pressure to act". Germany's steel sector, which apart from Thyssenkrupp also includes Salzgitter (SZGG.DE), directly employs around 80,000, while around 4 million jobs indirectly depend on it.

Persons: Wolfgang Rattay, Bernhard Osburg, Osburg, Berlin, Chancellor Olaf Scholz's, Christoph Steitz, Miranda Murray Organizations: REUTERS, Thomson Locations: Duisburg, Germany, Berlin, FRANKFURT, United States, decarbonisation, Thyssenkrupp

Steel coils are waiting for delivery at the storage and distribution facility of German steel maker ThyssenKrupp in Duisburg, Germany, November 16, 2023. Scholz's three-way coalition is reeling from a court ruling last week that wiped 60 billion euros ($65 billion) from the budget at a stroke and forced it to freeze most new spending commitments, delaying talks on the 2024 budget. LOSS OF CONFIDENCEGermany's steel sector added its voice to the growing jitters, warning that the court ruling had put a question mark over more than 40 billion euros in planned investments. "I find it correct that the consequences of the constitutional court ruling ... are checked carefully," Scholz told a news conference. Scholz also described this as conceivable, participants at the meeting told Reuters, adding that the court ruling put the coalition into a difficult situation but it could be resolved.

Persons: Wolfgang Rattay, Chancellor Olaf Scholz, Robert Grundke, Bernhard Osburg, Osburg, Berlin, Scholz, Achim Post, Andreas Rinke, Christoph Steitz, Holger Hansen, Rene Wagner, Matthias Williams, Christina Fincher Organizations: REUTERS, Economic Cooperation, Development, Reuters, Scholz's Social Democrats, Thomson Locations: Duisburg, Germany, FRANKFURT, Paris, United States, decarbonisation

☆ Indian rescuers hope to reach 41 trapped in tunnel on Thursday
▼ + stars: | 2023-11-23 | by ( Saurabh Sharma | ) www.reuters.com time to read: +3 min

SILKYARA, India, Nov 23 (Reuters) - Rescuers in India hope to finish drilling through debris on Thursday and free 41 men trapped in a highway tunnel in the Himalayan region after a metal obstacle slowed progress, officials said. The men began the twelfth day of their ordeal confined in the 4.5-km (3-mile) tunnel in Uttarakhand state since it caved in early on Nov. 12. Once the drill breaks through, officials said they plan to send rescuers through the evacuation pipe, using stretchers on wheels, to bring out the trapped men. [1/2]An ambulance arrives at the tunnel where workers are trapped after the tunnel collapsed in Uttarkashi in the northern state of Uttarakhand, India, November 23, 2023. REUTERS/Shankar Prasad Nautiyal Acquire Licensing RightsA rescue mission is currently underway at the Silkyara tunnel in Uttarakhand to free 41 workers who are stuck inside following a landslide.

Persons: Atul Karwal, Bhaskar Khulbe, Shankar Prasad Nautiyal, Pushkar Singh, Gabbar Singh Negi, Saba Ahmed, Narendra Modi's, YP Rajesh, Clarence Fernandez Organizations: Authorities, Force, Rescuers, REUTERS, National Highways Authority, YP, Thomson Locations: SILKYARA, India, Uttarakhand, Uttarkashi, Pushkar

Agriculture has suffered losses of over $25 billion since the war began, Ukrainian grain trader association UGA estimates. Ukraine's grain exports so far in the 2023/24 season that started in July are running 28% below the year-earlier volume, according to agriculture ministry data. A new Black Sea shipping channel may offer a lifeline, like for Ukraine's depleted steel industry. An additional 943,000 tons should leave from Black Sea ports and 464,000 tons from the Danube by the month-end. A Russian missile strike on port infrastructure in Odesa on Nov. 21 added to a series of attacks on Ukraine's Black Sea and Danube grain ports.

Persons: Stringer, Jean, Francois Lepy, Dmitry Skornyakov, Denys Marchuk, Skornyakov, Yuriy Stelmakh, Roman Gorobets, Soliman, Scott Wellcome, Pavel Polityuk, Gus Trompiz, Nigel Hunt, David Evans Organizations: REUTERS, Agriculture, UGA, Spike, Agrarian Council, FE ASTRA, Kremlin, Mediterranean, Thomson Locations: Ukraine, Zaporizhzhia region, PARIS, Russia, UN, Geneva, Black, Russian, Odesa, Romania's Constanta, Brazil, Egypt, GoodMills, Kyiv, Paris, London

☆ Patagonia’s Yvon Chouinard On the High Stakes of Low Quality - The New York Times
▼ + stars: | 2023-11-23 | by ( Yvon Chouinard | ) www.nytimes.com time to read: +1 min

Over 50 years ago, my wife, Malinda, and I bought a chef’s knife of carbon steel that we still use. Compare that to the junk stainless steel ones that might not rust but that won’t hold an edge to cut a tomato. The culprit: our overconsumption of stuff, from shoddy tools to fast fashion that is trendy one day, trash the next. Turning these and other raw materials into final products releases one-fifth of all carbon emissions. Research links demand for goods in Western Europe and the United States to the premature deaths of more than 100,000 people in China because of industrial air pollution.

Persons: Malinda Locations: Western Europe, United States, China

☆ ‘Moment of truth’ for oil industry: Deepen the climate crisis or help fix it
▼ + stars: | 2023-11-23 | by ( Olesya Dmitracova | ) edition.cnn.com time to read: +4 min

London CNN —Oil and gas producers must confront a “pivotal” choice: continue to accelerate the climate crisis or become part of the solution, the International Energy Agency said in a report Thursday. “The oil and gas industry is facing a moment of truth at COP28 in Dubai,” IEA Executive Director Fatih Birol said in a statement. This pollution needs to be cut by more than 60% by 2030 from today’s level, the IEA report says. The industry invested around $20 billion in clean energy projects last year — only around 2.5% of its total capital spending, the IEA found. Such an increase would mean a radical change in how oil and gas firms spend their cash.

Persons: Fatih Birol, Birol, ” Birol, what’s, Kaisa Kosonen Organizations: London CNN —, International Energy Agency, United, and Gas Industry, IEA, Greenpeace International Locations: COP28, United Nations, Dubai

☆ Indian rescue effort for 41 trapped in tunnel breaks through steel obstacle
▼ + stars: | 2023-11-23 | by ( Saurabh Sharma | ) www.reuters.com time to read: +2 min

[1/2] An ambulance arrives at the tunnel where workers are trapped after the tunnel collapsed in Uttarkashi in the northern state of Uttarakhand, India, November 23, 2023. Once the drilling is completed, officials plan to send rescuers through the evacuation pipe with stretchers on wheels to bring out the trapped men, they said. Authorities have not said what caused the tunnel collapse, but the region is prone to landslides, earthquakes and floods. Efforts to bring the men out have been slowed by snags in drilling in the mountainous terrain. The collapsed tunnel is located on the Char Dham pilgrimage route, one of the most ambitious projects of Prime Minister Narendra Modi's government.

Persons: Shankar Prasad Nautiyal, Bhaskar Khulbe, Khulbe, Narendra Modi's Organizations: REUTERS, Authorities, Wednesday, National Highways Authority, YP Rajesh, Thomson Locations: Uttarkashi, Uttarakhand, India

☆ Britain Wins Litter-Picking World Cup With Load of Rubbish
▼ + stars: | 2023-11-23 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +2 min

TOKYO (Reuters) - Britain came out on top when 21 teams from around the world gathered in Tokyo this week to collect litter in the inaugural SpoGomi World Cup, an initiative aimed at raising awareness of environmental issues. Britain's team, "The North Will Rise Again", beat the host Japanese trio into second place by earning 9,046.1 points for collecting 57.27 kilograms (126.26 lbs) of rubbish. "Sometimes it was really hard because there wasn't really that much trash," said Team USA member Beatrice Hernandez. Organisers the Nippon Foundation said the World Cup had been held to raise awareness of environmental issues, in particular that of plastic pollution in the oceans. The second World Cup is planned for 2025.

Persons: we're, Sarah Parry, It's, Japan's, Beatrice Hernandez, Mitsuyuki Unno, Nick Mulvenney, Peter Rutherford Organizations: USA, Nippon Foundation, Reuters Locations: TOKYO, Britain, Tokyo, Australia, Brazil, Shibuya, Omotesando, Japan

☆ Paris 2024 to sell 400,000 tickets next week, 7.2 million already sold
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Stephane Mahe/ File photo Acquire Licensing RightsPARIS, Nov 22 (Reuters) - Some 400,000 tickets for the Paris 2024 Olympics will go on sale at the end of the month, organisers said on Wednesday. Paris 2024 is hoping to sell 10 million tickets for the July 26-Aug. 11 Summer Games and has already sold 7.2 million, chief operating officer Michael Aloisio said. "I don't think any other organising committee had sold that many tickets so fast," Aloisio told reporters. Paris 2024 has come under fire for the prices of some tickets but said on Wednesday that a third of the newly issued tickets would be "under 50 euros" across all disciplines apart from surfing. Organisers are also looking to sell 2.8 million tickets for the Paralympics and said they would give details on the progress at the end of the year.

Persons: Guy Degrenne, Stephane Mahe, Michael Aloisio, Aloisio, Julien Pretot, Ed Osmond Organizations: Paris, Paralympic Games, ArcelorMittal, REUTERS, Rights, Thomson Locations: Vire, France

☆ The Bill for Offshore Wind Power Is Rising
▼ + stars: | 2023-11-22 | by ( Carol Ryan | ) www.wsj.com time to read: 1 min

The green-energy transition ready for take off in the U.S. is facing a serious obstacle: the permitting process. WSJ takes you inside the country’s soon-to-be largest wind farm to understand the regulatory gauntlet delaying clean energy for millions. Photo illustration: Getty Images/Amber BragdonWith offshore wind projects bleeding cash, governments will have to pay more to hit their clean-energy targets. Higher prices for steel, labor and debt financing have raised the cost of developing a wind farm by almost 40% since 2019. It is a big problem for developers like Danish energy company Ørsted, which signed power supply agreements a few years ago at prices that no longer cover today’s costs.

Persons: Amber Bragdon, Ørsted Locations: U.S, Danish

☆ In Rio de Janeiro, Architecture That’s in Sync With the Jungle
▼ + stars: | 2023-11-22 | by ( Michael Snyder | Pedro Kok | ) www.nytimes.com time to read: +2 min

Juaçaba’s work, by contrast, was plain yet potent in its attention to detail. “She leaves room for the imagination.”In one of their firm’s first projects, 2015’s Videiras Pavilion — an extension of a pre-existing country home in a valley 62 miles from Rio — a 386-square-foot structure seems to levitate over a gentle slope. Made largely from recycled timber left on-site by the previous owners, the external structure is rich in detail, featuring puzzlelike junctions of banisters and beams. Deep frames around unglazed windows double as outdoor seats. The black paint used in parts was inspired by the natural patina acquired by Indigenous palm-thatch dwellings, a resilient typology throughout Brazil that most architects, until recently, wouldn’t have considered architecture at all.

Persons: ”, Pedro Varella, Caio Calafate, Alziro Carvalho Neto, Felipe Rio, Gávea Organizations: Felipe Rio Branco Locations: Rio, Itanhangá, Gru.a, Rio —, Videiras, Brazil

Steel coils are waiting for delivery at the storage and distribution facility of German steel maker ThyssenKrupp in Duisburg, Germany, November 16, 2023. As a result of the impairment, Thyssenkrupp, which has been trying to divest its steel division for several years, posted a 2-billion-euro net loss for the fourth quarter. Shares of the company, which proposed a stable dividend of 0.15 euros apiece, were indicated to open 1.8% lower in pre-market trade. Thyssenkrupp - which apart from steel builds submarines, car parts and operates a large materials trading business - said it was in constructive and open-ended talks with EPH about a potential steel joint venture. EPH, controlled by Czech billionaire Daniel Kretinsky, would support Thyssenkrupp Steel Europe with its energy expertise in any joint venture, the company said.

Persons: Wolfgang Rattay, Miguel Lopez, Daniel Kretinsky, Thyssenkrupp, Christoph Steitz, Tom Kaeckenhoff, Sandra Maler, Miranda Murray, Sherry Jacob, Phillips Organizations: REUTERS, Wednesday, EPH, Thyssenkrupp Steel, Thomson Locations: Duisburg, Germany, FRANKFURT, DUESSELDORF, Czech, Europe

☆ Goldman just upgraded this mining stock and sees 25% upside after turnaround
▼ + stars: | 2023-11-21 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Several tailwinds that have not been in place for a decade now make the Brazilian mining giant Vale SA too attractive to ignore, according to Goldman Sachs. Goldman upgraded Vale to buy on Tuesday and raised its stock price target by 60% to $19.50, implying nearly 25% upside from the stock's $15.65 close on Monday. Goldman forecasts iron ore prices of $110 per ton next year and estimates that Vale is internally pricing in a $104 per ton price. "We believe the story is now too attractive to ignore and investors will slowly increase exposure as confidence around iron ore supply/demand balance in 2024 increases," analyst Marcio Farid wrote. The investment bank also expects ongoing policy support in China The key downside risks are weaker-than-expected iron ore prices in 2024 and less policy support in China to back up its ailing property market, according to Goldman.

Persons: Goldman Sachs, Goldman, bearish, Marcio Farid, Vale Organizations: Vale SA, Vale, Goldman Locations: China

Search resuls for: "" Nippon Steel"

25 mentions found