DIRS.INFO The most relevant business & tech news

☆ American Airlines pilot contract offer increases to $9 billion following United agreement
▼ + stars: | 2023-07-22 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

New York CNN —American Airlines (AAL) agreed to raise its pilot contract offer by more than a billion dollars to bring it on par with the tentative agreement competitor United Airlines reached with its pilots last week. The total offer reaches about $9 billion dollars in incremental compensation and benefits, CEO Robert Isom said in a call with pilots Friday. Isom said the United agreement “changed the landscape” and had wages that were higher than Delta’s original negotiations. Last week, United Airlines pilots, represented by the Air Line Pilots Association, reached a deal in principle with the airline, giving the pilots up to a 40% raise. Last week, APA President Ed Sicher said in a statement it is “dead obvious” their union’s existing tentative agreement is “woefully deficient by comparison” to the tentative agreement reached by its competitor airline’s pilots.

Persons: Robert Isom, Isom, “, ” Isom, ”, Ed Sicher Organizations: New, New York CNN — American Airlines, United Airlines, Allied Pilots Association, Board, Air Line Pilots Association, American Airlines Locations: New York, Delta

☆ Exclusive: American Airlines pilot deal in 'jeopardy' after United's contract agreement -union memo
▼ + stars: | 2023-07-18 | by ( Rajesh Kumar Singh | ) www.reuters.com time to read: +2 min

CHICAGO, July 18 (Reuters) - American Airlines' (AAL.O) pilot union has warned that the ratification of the company's new contract deal is in "jeopardy" as United Airlines (UAL.O) has raised the benchmark with its own deal, according to a union memo seen by Reuters. A spokesperson for American Airlines said the company will work with the union to make sure its pilots are taken care of. United's four-year pilot deal offers cumulative pay raises of 34.5% to about 40%. Dennis Tajer, a spokesman for American's pilots union, said United's contract will lead to at least a 2% pay gap between United and American pilots. United's back pay provisions are also better than what American has provided in its pilot deal, he said.

Persons: Dennis Tajer, United's, Tajer, Rajesh Kumar Singh, Sonali Paul, Matthew Lewis Organizations: American Airlines, United Airlines, Reuters, American, Allied Pilots Association, Management, TA, Thomson Locations: Chicago

☆ India's Gujarat in talks with Foxconn for its semiconductor plant
▼ + stars: | 2023-07-12 | by ( Sumit Khanna | ) www.reuters.com time to read: +2 min

AHMEDABAD, India July 12 (Reuters) - India's Gujarat state is holding talks with Foxconn over a semiconductor plant, a top government official told Reuters, days after the Taiwanese giant broke off a $19.5 billion joint-venture plan with India's Vedanta. "We are in touch with multiple prospective investors, including Foxconn ... Gujarat is uniquely positioned to attract top chipmakers," said Vijay Nehra, secretary of the science and technology department in Gujarat. Foxconn (2317.TW) this week exited its project with Vedanta (VDAN.NS), which was also planned for Prime Minister Narendra Modi's home state of Gujarat, citing issues such as slow progress. The breakup of the JV was a setback for Modi's vision to establish India as a semiconductor manufacturing hub. Its talks with Gujarat come weeks after Micron Technology (MU.O) said it will invest up to $825 million in a semiconductor testing and packaging facility in the state.

Persons: Vijay Nehra, Narendra Modi's, Foxconn, Modi, Lee, Munsif Vengattil, Aditya Kalra, Sharon Singleton Organizations: Reuters, Vedanta, JV, IGSS Ventures, ISMC, LinkedIn, Micron Technology, Thomson Locations: AHMEDABAD, India, Gujarat, ., Foxconn, Singapore

☆ Israeli investor says tech sector will overcome judicial reform crisis
▼ + stars: | 2023-07-12 | by ( Steven Scheer | ) www.reuters.com time to read: +3 min

... Read moreSummaryCompanies Crucial tech sector hit by judicial reform crisisStartup funding falls 70%, emigration increasingTech execs take lead in opposing reformJERUSALEM, July 12 (Reuters) - A leading Israel investor on Wednesday predicted that the country's vital tech sector would recover quickly from its current funding downturn, in part by fighting a government judicial reform plan many blame for scaring away investment. A key driver of economic growth in Israel, the tech sector saw its funding hit last year by the global economic slowdown. "The big inventors are the warriors of democracy," Margalit told Reuters on the sidelines of a JVP Climate Tech conference. While the tech sector needs a stable Israeli economy, the economy needs a strong tech sector, which accounts for 14% of jobs and almost a fifth of gross domestic product. The fall off in tech funding has been a major factor in the weakening of the shekel , analysts say.

Persons: Erel Margalit, Benjamin Netanyahu's, Margalit, Barak Eilam, Eynat Guez, Israel's shekel, Steven Scheer, Conor Humphries Organizations: Jerusalem Venture Partners, AccorHotels Arena, Tech, Labour Party, Reuters, JVP Climate Tech, NICE, Tel, Thomson Locations: Paris, France, JERUSALEM, Israel, Israel's, Tel Aviv

Foxconn (2317.TW) withdrew from the JV with the Indian metals-to-oil conglomerate on Monday, in a setback to Prime Minister Narendra Modi's chipmaking plans for India. "Foxconn is committed to India and sees the country successfully establishing a robust semiconductor manufacturing ecosystem." India expects its semiconductor market to be worth $63 billion by 2026, but Modi's plan has so far floundered. The $3 billion ISMC project is stalled because Tower is being acquired by Intel, while another $3 billion plan by IGSS was also halted because it wanted to re-submit its application, Reuters has reported. Like Foxconn, the Indian government has said the breakup of the JV had "no impact" on India's semiconductor plans, adding that both companies were "valued investors" in the country.

Persons: India Foxconn, Foxconn, Narendra Modi's chipmaking, Modi, IGSS, Ann Wang, Vedanta, Anil Agarwal, Vedanta's, Yimou Lee, Ben Blanchard, Tanvi Mehta, Aditya Kalra, Jacqueline Wong, Sonali Paul, Alexander Smith Organizations: India, JV, Vedanta, TW, Semiconductors, IGSS Ventures, ISMC, Intel, Reuters, REUTERS, Vedanta's, Vedanta Ltd, Vedanta Resources, Thomson Locations: chipmaking, India, TAIPEI, MUMBAI, Singapore, New Taipei City, Taiwan, Vedanta's India, Vedanta's London, Taipei, Mumbai, New Delhi, Pandya, Bengaluru

TAIPEI/BENGALURU, July 10 (Reuters) - Taiwan's Foxconn said on Monday it has withdrawn from a $19.5 billion semiconductor joint venture with Indian metals-to-oil conglomerate Vedanta, in a setback to Prime Minister Narendra Modi's chipmaking plans for India. Foxconn, the world's largest contract electronics maker, and Vedanta signed a pact last year to set up semiconductor and display production plants in Modi's home state of Gujarat. "Foxconn (2354.TW) has determined it will not move forward on the joint venture with Vedanta," the electronics maker said in a statement, without elaborating on the reasons. India, which expects its semiconductor market to be worth $63 billion by 2026, last year received three applications to set up plants under a $10 billion incentive scheme. These were from the Vedanta-Foxconn joint venture, a global consortium ISMC which counts Tower Semiconductor (TSEM.TA) as a tech partner and from Singapore-based IGSS Ventures.

Persons: Taiwan's Foxconn, Narendra Modi's chipmaking, Vedanta, Foxconn, Modi, STMicro, IGSS, Munsif, Ben Blanchard, Aditya Kalra, Louise Heavens, Jason Neely, Alexander Smith Organizations: Vedanta, Apple, Reuters, IGSS Ventures, Intel, Thomson Locations: TAIPEI, BENGALURU, India, Gujarat, Singapore, Bengaluru, Taipei, New Delhi

☆ Netanyahu signals impatience with protests as Israel's judicial reform edges ahead
▼ + stars: | 2023-07-09 | by ( Steven Scheer | ) www.reuters.com time to read: +3 min

[1/9] An aerial view shows protesters taking part in a demonstration against Israeli Prime Minister Benjamin Netanyahu and his nationalist coalition government's judicial overhaul, in Tel Aviv, Israel July 8, 2023. REUTERS/Oren AlonJERUSALEM, July 9 (Reuters) - Israeli Prime Minister Benjamin Netanyahu signalled impatience on Sunday with disruptions caused by resurgent demonstrations against his judicial overhaul plans, summoning his attorney-general for a cabinet discussion of police counter-measures. The opposition casts the bill as a step toward curbing judicial independence that would eventually subordinate the Supreme Court to politicians. Street protests that had subsided are flaring anew, with protesters planning to converge on Israel's main airport on Monday. Cabinet minister Itamar Ben-Gvir said he would boycott Big unless it retracted what he deemed political "bullying" by a business.

Persons: Benjamin Netanyahu, Oren Alon JERUSALEM, Netanyahu, Gali, Itamar Ben, Gvir, Ami Eshed, Steven Scheer, Dan Williams, Maayan Organizations: Israeli, REUTERS, Ben Gurion, Attorney, Shopping, Tel, Thomson Locations: Tel Aviv, Israel, overreach, Israel's, Gali Baharav

☆ Sha’Carri Richardson runs the fastest women’s 100m time of the year
▼ + stars: | 2023-07-07 | by ( Ben Morse | ) edition.cnn.com time to read: +1 min

CNN —Sha’Carri Richardson ran the fastest women’s 100m time of the year on Thursday at the US Championships in Eugene, Oregon. The 23-year-old finished the opening heat with a world-leading time of 10.71 seconds as she boosted her chances of qualifying for next month’s World Championships in Budapest. Her strong performance Thursday, finishing 0.25 secs ahead of second-placed Brittany Brown, qualifies her for Friday’s semifinals. Elsewhere, Christian Coleman put in a strong performance in the men’s 100m, running 9.95 seconds in his heat. The 2019 world champion, who missed the 2020 Tokyo Olympics after breaching a “whereabouts failure” rule, clocked the fastest time overall in the men’s 100m at the championships.

Persons: CNN — Sha’Carri Richardson, Richardson, Brittany Brown, Marie, Josee, Lou, Christian Coleman Organizations: CNN, Miramar, Friday’s, Oslo Diamond League, Tokyo Olympic Games Locations: Eugene , Oregon, Budapest, Ivory Coast

While the statement does not identify Thunberg by name, a spokesperson for the Swedish Prosecution Authority, Annika Collin, confirmed to CNN that the woman referred to is Thunberg. The charges relate to Thunberg’s participation in a protest organized by the activist group Ta Tillbaka Framtiden, which blocked oil tankers in part of Malmö harbor. “Today, for the third day in a row, young activists from @tatillbakaframtiden have blocked oil tankers in the Malmö oil harbour. Irma Kjellström, spokesperson for Ta Tillbaka Framtiden, said Thunberg was one of many young people blocking oil tankers. In January, Thunberg was detained by police during a protest in the village of Lützerath, Germany, over the expansion of a coal mine.

Persons: CNN —, Greta Thunberg, “, Annika Collin, ” Thunberg, Irma Kjellström, Ta, Thunberg, ” Organizations: CNN, CNN — Sweden’s, Authority, Swedish Prosecution Authority, “ Locations: Malmö, “, Lützerath, Germany

☆ Greta Thunberg charged with disobeying police order at climate protest
▼ + stars: | 2023-07-05 | by ( ) www.reuters.com time to read: +1 min

[1/2] Police talk to Greta Thunberg as they move climate activists from the organization Ta Tillbaka Framtiden, who are blocking the entrance to Oljehamnen in Malmo, Sweden, June 19, 2023. TT News Agency/Johan Nilsson via REUTERS/File PhotoSTOCKHOLM, July 5 (Reuters) - Swedish climate activist Greta Thunberg has been charged with disobeying a police order to leave a climate protest in the southern city of Malmo on June 19, according to daily Sydsvenskan. On the day of the incident, Thunberg wrote in an Instagram post that protesters had blocked the road for oil trucks in Malmo harbour. "The climate crisis is already a matter of life and death for countless people. If convicted for disobeying a police order, Thunberg can be handed a fine or up to six months in prison.

Persons: Greta Thunberg, Johan Nilsson, Thunberg, Charlotte Ottosen, Johan Ahlander, Devika Organizations: Police, TT News Agency, REUTERS, Reuters, Thomson Locations: Oljehamnen, Malmo, Sweden, STOCKHOLM, Swedish

☆ Leviathan partners in Israel to invest $568 million in third gas pipeline
▼ + stars: | 2023-07-02 | by ( ) www.reuters.com time to read: +2 min

JERUSALEM, July 2 (Reuters) - Partners in the Israeli offshore gas project Leviathan said on Sunday they would invest $568 million to build a third pipeline that will allow increased natural gas production and exports. Leviathan, a deep-sea field with huge deposits, came online at the end of 2019 and produces 12 billion cubic metres (bcm) of gas per year for sale to Israel, Egypt and Jordan. In the longer-term, Leviathan production is expected to reach about 21 bcm a year. The group has announced plans for a floating liquefied natural gas (LNG) terminal off the Israeli coast with an annual LNG capacity of about 4.6 million tons, or 6.5 bcm. "We are currently exploring the option of upgrading transmission infrastructures in Jordan to transport additional gas quantities to markets in Jordan and Egypt," Landau said.

Persons: Yossi Abu, Yigal Landau, Landau, Ari Rabinovitch, Elaine Hardcastle Organizations: Partners, Chevron, Energy, Thomson Locations: Israel, Egypt, Jordan, Europe, Tel Aviv

☆ ‘On a Whim, I Decided to Do a Silly, Shirley Temple-esque Tap Dance’
▼ + stars: | 2023-07-02 | by ( ) www.nytimes.com time to read: +1 min

I was taking the PATH train home to Hoboken from Christopher Street after a rehearsal when I noticed a bank of cameras aimed at the turnstiles. What a boring job it must be to have to stare at them all night long, I thought. There was no one else waiting on the platform so, on a whim, I decided to do a silly, Shirley Temple-esque tap dance to amuse whoever was monitoring the cameras. As I curtsied, I was startled to hear a series of slow claps coming from somewhere off in the darkness. Looking around, I saw that a young man had stepped out from behind one of the columns at the far end of the platform and was applauding.

Persons: Shirley Temple, gamely, ” Organizations: Christopher Locations: Hoboken

☆ Mitsotakis to be sworn in as Greek PM after landslide victory
▼ + stars: | 2023-06-26 | by ( Karolina Tagaris | ) www.reuters.com time to read: +2 min

ATHENS, June 26 (Reuters) - Greece's New Democracy party leader Kyriakos Mitsotakis will be sworn in as prime minister on Monday after a resounding victory in a repeat election on Sunday gave him a second four-year term. But I assure you that I will stay true to my national duty," Mitsotakis said. Greek newspapers hailed the result a "historic win," with Ta Nea writing on its front page "Mitsotakis's absolute dominance, with no opponent." Sunday's vote was a heavy defeat for Alexis Tsipras's Syriza party, which lost more than 30 lawmakers. It also saw three fringe right-wing and nationalist parties - including the anti-immigrant 'Spartans', enter parliament with a combined 35 seats.

Persons: Kyriakos Mitsotakis, Mitsotakis, Ta, Katerina Sakellaropoulou, Alexis Tsipras's Syriza, Tsipras, Karolina Tagaris, Lincoln Organizations: Democracy, Sunday, European Union, Spartans, Thomson Locations: ATHENS

☆ RPT FACTBOX As electric cars take off, makers pledge $11.3 billion for US lithium iron phosphate
▼ + stars: | 2023-06-23 | by ( Paul Lienert | ) www.reuters.com time to read: +1 min

June 23 (Reuters) - Interest and investment in lithium iron phosphate (LFP) battery cells and materials, used to power electric vehicles, continue to climb in the United States. Here is a look at some of the announced LFP projects. FORDFord Motor (F.N) is planning to open a $3.5 billion LFP manufacturing plant in 2026 in Marshall, Michigan, using technology licensed from China’s CATL (300750.SZ). FREYRNorwegian battery startup Freyr (7XN.F) expects to open a $1.7 billion battery plant outside Atlanta, using technology from Aleees and 24M. ICLIsrael’s ICL Group (ICL.TA) has announced it will build a $400 million battery materials plant near St Louis, Missouri, to open in 2024.

Persons: China’s, FREYR, Paul Lienert, Matthew Lewis Organizations: FORD Ford Motor, LG, ICL, Thomson Locations: United States, U.S, Marshall , Michigan, KS, Holland , Michigan, Big Rapids , Michigan, FREYR Norwegian, Atlanta, Aleees, Michigan, Van Buren Township, St Louis , Missouri, Detroit

☆ Factbox: As electric cars take off, makers pledge $14.3 billion for US lithium iron phosphate
▼ + stars: | 2023-06-22 | by ( Paul Lienert | ) www.reuters.com time to read: +1 min

June 22 (Reuters) - Interest and investment in lithium iron phosphate (LFP) battery cells and materials, used to power electric vehicles, continue to climb in the United States. FORDFord Motor (F.N) is planning to open a $3.5 billion LFP manufacturing plant in 2026 in Marshall, Michigan, using technology licensed from China’s CATL (300750.SZ). GMGeneral Motors (GM.N) has announced a $3 billion LFP plant in Fort Wayne, Indiana, with partner Samsung SDI (006400.KS), to open in 2026. FREYRNorwegian battery startup Freyr (7XN.F) expects to open a $1.7 billion battery plant outside Atlanta, using technology from Aleees and 24M. ICLIsrael’s ICL Group (ICL.TA) has announced it will build a $400 million battery materials plant near St Louis, Missouri, to open in 2024.

Persons: China’s, FREYR, Paul Lienert, Matthew Lewis Organizations: FORD Ford Motor, GM General Motors, Samsung SDI, LG, ICL, Thomson Locations: United States, U.S, Marshall , Michigan, Fort Wayne , Indiana, KS, Holland , Michigan, Big Rapids , Michigan, FREYR Norwegian, Atlanta, Aleees, Michigan, Van Buren Township, St Louis , Missouri, Detroit

☆ A South Carolina teacher had her AP lesson shut down after students snitched that she planned to have them read Ta-Nehisi Coates' memoir
▼ + stars: | 2023-06-14 | by ( Chris Panella | ) www.businessinsider.com time to read: +3 min

A South Carolina teacher's lesson was shut down after students complained they were uncomfortable. The AP English lesson included reading Ta-Nehisi Coates' 2015 memoir on racism "Between the World and Me." This past spring, Chapin High School English teacher Mary Wood included Coates' book in her lesson plan before the AP English Language exam, according to lesson plans and documents obtained by The State. Wood said in the documents that she had taught Coates' memoir the prior academic year with no issue, The State added. Young compared the situation to the AP African American Studies course debacle in Florida, which also involved the removal Coates' writing from lesson plans.

Persons: Nehisi Coates, Coates, —, Mary Wood, AP Lang, Wood, Jeremy C, Young, doesn't, that's, hasn't Organizations: PEN America, Service, Carolina teacher's, Chapin High School English, The State, AP, Chapin High School, AP African American Studies, South, South Carolina Republicans, Associated Press, GOP Locations: Carolina, America, South Carolina, The, Florida

BERLIN, June 8 (Reuters) - Reality star Kim Kardashian's arrival at a gathering of the globe's top deal brokers in Berlin failed to dispel their dark mood as the rising cost of money puts the brakes on the private equity industry. But private equity is currently experiencing one of its toughest runs since coming of age in the 1980s as rapid rises in interest rates to combat inflation make the debt that underpins the industry scarce and expensive. "It has been easier in the past, deal flow is reduced significantly...we have to pedal harder," said Jose Pfeifer, who leads Investcorp's European private equity group, on the sidelines of SuperReturn. "Europe is doing better than expected...we are seeing opportunity in corporate carve-outs," said Marco De Benedetti, co-head of Europe private equity at Carlyle (CG.O). Emmanuel Laillier, head of private equity at Tikehau Capital, said that makes it hard to read the level of competition, although there is more flexibility in the M&A process.

Persons: Kim Kardashian's, Kardashian, Jose Pfeifer, Hythem, Marco De Benedetti, Sellers, Emmanuel Laillier, Christian Sindig, Jay Sammons, Emma, Victoria Farr, John O'Donnell, Kirsten Donovan Organizations: European Central Bank, Bundesliga, TA Associates, Carlyle, Tikehau, Thomson Locations: BERLIN, Berlin, Europe, SuperReturn

☆ A Tony Nominee Shows Off Her Snug Upper West Side Rental
▼ + stars: | 2023-06-06 | by ( Joanne Kaufman | ) www.nytimes.com time to read: +1 min

Bonnie Milligan, an actress known for her vocal range and belting voice, shares a snug rental on the Upper West Side with a college friend who is also a performer. Ms. Milligan’s bedroom is sufficiently small that she has to leave to change her mind. But the 30-something Ms. Milligan, a Tony nominee for her performance as the shifty, shiftless Aunt Debra in the musical “Kimberly Akimbo” (the awards ceremony is scheduled for June 11), isn’t much for trafficking in discouraging words. There’s a washer and dryer in the basement, and workout equipment in the courtyard. “Over the course of the 15 years I’ve been here, it has gone up $550 in total,” Ms. Milligan said.

Persons: Bonnie Milligan, Milligan, Aunt Debra, Kimberly Akimbo ”, I’ve, ” Ms Organizations: Lincoln Center

☆ Analysis: Stelara patent deal puts J&J back on path to $57 bln 2025 revenue forecast
▼ + stars: | 2023-06-05 | by ( Patrick Wingrove | ) www.reuters.com time to read: +4 min

Stelara, introduced in 2009, has been J&J’s top-selling drug since 2019, with sales reaching $9.7 billion in 2022. J&J is forecasting $57 billion in pharmaceutical sales by 2025 after reducing its previous view of $60 billion in April, citing currency dynamics that hurt its pharmaceutical business in 2022. That would add around $4.6 billion to average estimates for pharmaceutical sales, as long as no biosimilars enter the market before 2025. Amgen said last month the confidential settlement it signed with J&J will allow it to sell its Stelara biosimilar no later than Jan. 1, 2025. “If no Stelara biosimilars enter in 2024, I think growth should continue at around 4% in 2023 and 2024,” Huynh said.

Persons: Johnson, Amgen, ”, Vamil, Trung Huynh, ” Huynh, Teva, biosimilar, Divan, Alvotech, Patrick Wingrove, Caroline Humer, Bill Berkrot Organizations: Amgen Inc, Analysts, Stelara, Reuters Graphics Reuters, Reuters, New, J, Credit Suisse, Food and Drug Administration, Alvotech’s, Thomson Locations: New Brunswick , New Jersey, Alvotech’s Reykjavik

☆ Kipyegon sets women's 1,500m world record, Kerly wins 100m in Florence
▼ + stars: | 2023-06-02 | by ( ) www.reuters.com time to read: +3 min

Kipyegon shaved almost an entire second off the previous mark of 3:50.07 set by Ethiopia's Genzebe Dibaba in 2015. The world record completes the 29-year-old's collection of feats, adding to her two Olympic 1,500m golds and the 2017 and 2022 world titles, Commonwealth Games gold medal from 2014 and three Diamond League titles. Dina Asher-Smith, who won the world 200 metres title in Doha in 2019, pulled out in the build-up to the race. Spaniard Mohamed Katir produced a lung-busting performance to win the 5,000m with a world leading 12:52.09, with world record holder Joshua Cheptegei coming in fourth. Reporting by Aadi Nair in Nashik, India; Editing by Ken FerrisOur Standards: The Thomson Reuters Trust Principles.

Persons: Pietro Mennea Golden, Luigi Ridolfi, Kipyegon, Remo Casilli FLORENCE, Fred Kerley, Ethiopia's Genzebe, Britain's Laura Muir, Jessica Hull, Muir, Ferdinand Omanyala, Trayvon, Jamaica's Yohan Blake, Jacobs, Ivorian Marie, Josee Ta Lou, Gina Lueckenkemper, Imani, Lara Lansiquot, Dina Asher, Smith, Ta Lou, Erriyon Knighton, Grant Holloway, Mohamed Katir, Joshua Cheptegei, Italy's Leonardo Fabbri, Andy Diaz, Larissa Iapichino, Aadi Nair, Ken Ferris Organizations: Diamond League, Commonwealth Games, Kenyan, Rabat, Thomson Locations: Florence, Italy, Ivorian, Doha, Netherlands, Rabat, Nashik, India

[1/2] Visitors stand next to a "Make In India" logo during a three-day semiconductor event in Bengaluru, India, April 30, 2022. They were from the Vedanta-Foxconn JV; a global consortium ISMC which counts Tower Semiconductor (TSEM.TA) as a tech partner; and from Singapore-based IGSS Ventures. SETBACK FOR VEDANTAMost of the world's chip output is limited to a few countries like Taiwan, and India is a late entrant. Amid much fanfare, in September, the Vedanta-Foxconn JV announced its chipmaking plans in Gujarat. Modi called the $19.5 billion plan "an important step" in boosting India's chipmaking ambitions.

Persons: Munsif, India's Modi, Taiwan's Foxconn, Narendra Modi, IGSS, Rajeev Chandrasekhar, Modi, Foxconn, STMicro, Chandrasekhar, David Reed, Aditya Kalra, Jane Lanhee Lee, Steven Scheer, Nick Zieminski Organizations: Visitors, REUTERS, Companies, Intel, India's Vedanta, Vedanta, IGSS Ventures, JV, Reuters, Orbit, Foxconn JV, Twitter, Thomson Locations: India, Bengaluru, DELHI, OAKLAND , California, Singapore, Gujarat, Taiwan, New Delhi, Oakland , California

☆ Israel's Bezeq Telecom sees benefits from AI as posts flat Q1 profit
▼ + stars: | 2023-05-17 | by ( Steven Scheer | ) www.reuters.com time to read: +2 min

JERUSALEM, May 17 (Reuters) - Bezeq Israel Telecom (BEZQ.TA) reported flat quarterly profit on Wednesday, and said it expects to reap benefits from an exponential expansion of data created by artificial intelligence (AI) platforms through more lucrative fibre optics growth. Bezeq is working with Nokia to provide broadband speeds of up to 25 gigabits per second (Gbps) and said it plans to offer 10 Gbps in 2024, reaching 25 Gbps by 2027. It currently offers a maximum of 2.5 Gbps. Fischbein also said that he remained comfortable with Bezeq's forecast of 1.2 billion shekels of net profit in 2023. Shares of Bezeq were up 0.3% to 5 shekels in afternoon Tel Aviv trading, but are nearly 18% lower so far in 2023.

Musk revealed those plans on Tuesday at the company's annual meeting, an about-face for the celebrity executive who recently acquired social media platform Twitter. Musk told CNBC he did not yet have a "fully formed strategy" for Tesla advertising. Tesla spent $151,947 on advertising in the U.S. in 2022, according to advertising intelligence firm Vivvix, which measured ads across places including TV, social media, Web banners and billboards. Diaz-Ortiz is a former Twitter manager who has written books about the social media company. Thomas Martin, senior portfolio manager at Tesla shareholder Globalt Investments, sees Musk's embrace of advertising as a positive.

In 2017, with Mr. Connors’ help, Mr. Maichle started his own company, Precision Compliance Consulting. ‘Boss Man’Mr. Connors, Mr. Lewis and Mr. Maichle were all active in college conservative politics in Wisconsin about 15 years ago, when Mr. Connors was the leader of campus Republicans at Marquette University. Of that, about $102,000 went to Campaign Now, the firm started by Mr. Connors, and another $112,000 to companies where Mr. Connors, Mr. Maichle or Mr. Lewis was either the owner or a partner, tax records show. Most of the money — more than $4.4 million — went to fund-raising companies via tens of thousands of small payments. Most of the money — more than $4.4 million — went to fund-raising companies via tens of thousands of small payments.

The suspects on Wednesday were traveling to a rocket launch site in the city of Khan Younis, the IDF said. A CNN producer in Gaza reported explosions in Khan Younis, Rafah and northern Gaza. Shortly after, he saw at least six rockets fired from Gaza towards Israel. Smoke billows following renewed Israeli military strikes launched into Gaza on May 10, 2023. Mahmud Hams/AFP/Getty ImagesMedics transport a victim to Shifa Hospital following the deadly Israeli airstrikes launched into Gaza on Tuesday.

Search resuls for: "TA"

25 mentions found