DIRS.INFO The most relevant business & tech news

The Hindu Kush Himalaya stretches 3,500 km (2,175 miles) across Afghanistan, Bangladesh, Bhutan, China, India, Myanmar, Nepal and Pakistan. At 1.5 degrees Celsius or 2C of warming above preindustrial temperatures, glaciers across the entire region will lose 30% to 50% of their volume by 2100, the report said. At 3C of warming — what the world is roughly on track for under current climate policies — glaciers in the Eastern Himalaya, which includes Nepal and Bhutan, will lose up to 75% of their ice. THE FULL PICTUREScientists have struggled to assess how climate change is affecting the Hindu Kush Himalaya. “We have a better sense of what the loss will be through to 2100 at different levels of global warming.”LIVELIHOODS AT RISKWith this newfound understanding comes grave concern for the people living in the Hindu Kush Himalaya.

Persons: Tika Gurung, “ We’re, we’re, ”, Philippus Wester, Wester, Tobias Bolch, “, “ We’ve, Amina Maharjan, Gloria Dickie, Frances Kerry Organizations: Integrated Mountain Development, United, “, Graz University of Technology, Thomson Locations: Langtang, Nepal, 1.5C, Asia’s, Kathmandu, Afghanistan, Bangladesh, Bhutan, China, India, Myanmar, Pakistan, North, Rocky, United States, it’s, Austria, Wester, ”, London

HAMBURG, June 11 (Reuters) - BioNTech (22UAy.DE) will go to court on Monday to defend itself against a lawsuit from a German woman who is seeking damages for alleged side effects of its COVID-19 vaccine, the first of potentially hundreds of cases in the country. The plaintiff claims she suffered upper-body pain, swollen extremities, fatigue and sleeping disorder due to the vaccine. Tobias Ulbrich, a lawyer at Rogert & Ulbrich, told Reuters he aimed to challenge in court the assessment made by European Union regulators and German vaccine assessment bodies that the BioNTech shot has a positive risk-benefit profile. Almost 768 million vaccine doses have been administered in the European Economic Area (EEA), which includes the 27 EU member states plus Iceland, Liechtenstein and Norway. Rogert & Ulbrich says it has filed about 250 cases for clients seeking damages for alleged side-effects of COVID-19 vaccines.

Persons: Tobias Ulbrich, Caesar, Preller, Ludwig Burger, Patricia Weiss, Emilio Parodi, Natalie Grover, Sam Tobin, Josephine Mason, Mark Potter Organizations: Reuters, European Union, Pfizer, European Medicines Agency, EMA, Economic, BioNTech, United, Thomson Locations: HAMBURG, Hamburg, Germany, Iceland, Liechtenstein, Norway, United States, Italy, Milan, London

Odey Asset Management "does not recognise the picture of the firm that has been painted" by the allegations, it told investors in a letter seen by Reuters. Within hours of the report being published, Wall Street firms including Goldman Sachs (GS.N), JPMorgan (JPM.N) and Morgan Stanley (MS.N) began reviewing their prime broking ties with Odey Asset Management, sources familiar with the matter told Reuters. "We are confident our service providers will continue to work with us," an Odey Asset Management letter said later. Industry experts consulted by Reuters said that did not necessarily indicate a major change in culture in the City, however. A London employment tribunal last month awarded a former Algebris employee over 32,000 pounds in a sex harassment claim against the asset management company.

Persons: Crispin Odey, Odey, Goldman Sachs, Morgan Stanley, MS.N, Schroders, Evan Nierman, Megan Tobias Neely, Neely, retrained, Daniel Beunza, Davide Serra, Serra, Algebris, Yasmine Chinwala, Nell Mackenzie, Sinead Cruise, Naomi Rovnick, Dhara Ranasinghe, Rosalba O'Brien Organizations: Odey Asset Management, Financial Times, Tortoise Media, Reuters, Odey, Wall, JPMorgan, FT, Financial, Bayes Business, Labour Party, New, Thomson Locations: City, London, Britain, New York

☆ Painting in the Age of Photography
▼ + stars: | 2023-06-02 | by ( Tobias Grey | ) www.wsj.com time to read: 1 min

Gerhard Richter’s photorealistic painting ‘Two Candles’ (1982). Photo: Gerhard RichterThe growing prevalence of photographic images in the first half of the 20th century persuaded many painters to shift away from representing reality and to focus instead on expressing their own emotional reactions to the world. That shift is dramatized in “Capturing the Moment: A Journey Through Painting and Photography,” opening June 13 at Tate Modern in London, which explores the myriad ways contemporary painting and photography have influenced each other.

Persons: Gerhard Richter’s, Gerhard Richter Organizations: Tate Modern Locations: London

London generated $2 billion in venture capital funding in the first quarter of 2023, compared to Berlin's $800 million, a DEEP Ecosystems analysis of Dealroom data showed. Reuters Graphics Reuters GraphicsTOUGHER TIMESIn 2022, 501 startups were founded in Berlin, a fifth of Germany's total. About a fifth of openings at startups were vacant and more than half were struggling to fill posts, German Startups Association said. In Germany, it has been accompanied by the sharpest contraction in venture capital funding in Europe in the past 12 months, down 42%. The funding crunch is hitting Germany's push to encourage the growth of new renewables businesses, given manufacturing startups are particularly capital intensive.

Persons: Avitosh Sawhney, Christian, headwinds, Katharina Beck, Lindner, Maximilian Tayenthal, Christoph Stresing, Tobias Lechtenfeld, Chancellor Olaf Scholz's, Maria Martinez, Riham Alkousaa, Matthias Williams, Mark John, Edmund Blair Organizations: Wall, Greens, Reuters, Startup Heatmap, Reuters Graphics Reuters, Manpower, Association, European Central Bank, Tech, Zero Alliance, Free Democratic Party, Thomson Locations: Berlin, London, BERLIN, Paris, Germany, Europe

OSLO, June 1 (Reuters) - NATO Secretary-General Jens Stoltenberg said on Thursday he would soon travel to Turkey to discuss Sweden's NATO membership, in a bid to close a process that has been delayed due to objections from member countries Turkey and Hungary. Speaking during a two-day meeting of NATO foreign ministers in Oslo, Stoltenberg said he had spoken to Tayyip Erdogan earlier this week, who at the weekend won re-election as Turkey's president. "I will also travel to Ankara in the near future to continue to address how we can ensure the fastest possible accession of Sweden," Stoltenberg told reporters. "It is time for Turkey and Hungary to start the ratification of Swedish membership to NATO." Several NATO foreign ministers expressed confidence Sweden could become a member before, or at, a NATO summit in Vilnius, Lithuania, in July.

Persons: Jens Stoltenberg, Stoltenberg, Tayyip Erdogan, Sweden, Tobias Billstrom, Gabrielius Landsbergis, Gwladys Fouche, Sabine Siebold, Terje Solsvik Organizations: NATO, Lithuanian, Thomson Locations: OSLO, Turkey, Hungary, Oslo, Ankara, Sweden, Swedish, Vilnius, Lithuania

☆ ‘You Hurt My Feelings’ Review: She Can’t Handle the Truth
▼ + stars: | 2023-05-25 | by ( Wesley Morris | ) www.nytimes.com time to read: +2 min

“You Hurt My Feelings” sums up the Nicole Holofcener experience: funny in its wounded bluntness. Her characters — comfortable New Yorkers and Angelenos — tend to lash out; their preferred approach to honesty is brazenness. But Holofcener is drawn more to the process of healing than she is to the wielding of hurt. By that point the movie’s already shown us what Beth’s and Don’s lives are like, together and apart. One thing that’s probably kept the marriage firm has been saying “I love this” and “it’s great,” when it’s not.

☆ 'It can't get much worse than this': A trail of portfolio managers have resigned or been liquidated as the once lush index-rebalance strategy dries up
▼ + stars: | 2023-05-11 | by ( Alex Morrell | ) www.businessinsider.com time to read: +5 min

Heavyweight multi-strategy hedge funds aren't known for their patience. It seems their patience has run out on the index-rebalance strategy, one of the most popular and sought-after hedge fund moneymakers in recent years. Representatives for the hedge funds declined to comment or did not respond to requests for comment. While hedge funds are allocating their capital elsewhere, they haven't given up on index-rebalance trading. Do you know more about the index-rebalance trade?

☆ Billionaires and CEOs descended on Beverly Hills to talk recession, bank failures, and more. Here's the inside track.
▼ + stars: | 2023-05-07 | by ( Matt Turner | ) www.businessinsider.com time to read: +4 min

On the agenda today:But first: The big takeaways from the Milken Institute Global Conference in Beverly Hills. Senator Joe Manchin (D-WV) speaks at the 2023 Milken Institute Global Conference Mike Blake/ReutersThe big-money set jetted into LA last week for the Milken Global Conference. Biggest opportunityCampbell: The pullback in lending by banks is raising the hopes of those in the private credit industry. Read more:'Junk fees'Getty ImagesIt goes by many names: an administrative fee, a transaction fee, even a "regulatory compliance" fee. Akash Nigam, the founder and CEO of Genies, who is spending $2,400 a month on ChatGPT accounts for all his employees.

☆ Iran hangs Swedish-Iranian convicted over attack that killed 25 people
▼ + stars: | 2023-05-06 | by ( ) www.reuters.com time to read: +2 min

DUBAI, May 6 (Reuters) - Iran on Saturday executed a Swedish-Iranian dissident convicted of leading an Arab separatist group accused of attacks including one on a military parade in 2018 that killed 25 people, the Iranian judiciary said. Swedish Foreign Minister Tobias Billstrom reacted with "dismay" to Chaab's execution, saying Sweden had pleaded with Iran not to carry it out. Iran said in 2020 that its security forces detained Chaab in neighbouring Turkey and took him to Tehran, without giving details of his capture. Iran has had tense relations with its ethnic minorities, which include Arabs, Kurds, Azeris and Baluch, and has accused them of aligning with neighbouring countries. Arabs and other minorities have long complained of facing discrimination in Iran, an accusation Tehran denies.

☆ Shopify offloads its logistics baggage
▼ + stars: | 2023-05-04 | by ( ) www.reuters.com time to read: +2 min

TORONTO, May 4 (Reuters Breakingviews) - Shopify (SHOP.TO) is finding that simpler is better after all. Investors welcomed the move: Shares of the company led by Tobias Lütke shot up over 20% in morning trade. Shopify wanted to build out its own logistics business, and now it's leaving that job to Flexport instead. That said, Shopify already uses partnerships with other companies to expand in hard-to-crack areas like fintech, including with payments giant Stripe and buy-now-pay-later company Affirm (AFRM.O). Although Shopify said on Thursday that first-quarter revenue rose 25% year-on-year, beating analyst expectations, Shopify's small-business customers are under pressure from rising interest rates.

☆ Front-line NATO allies worry they could be next after Russia's invasion of Ukraine and are getting ready for a fight
▼ + stars: | 2023-04-23 | by ( Sinéad Baker | Jake Epstein | ) www.businessinsider.com time to read: +13 min

These countries along the military alliance's front line are now scrambling to make sure they're protected should the Russian military ever come knocking. "There is an imminent need of a stronger NATO presence in our region," Estonia's Foreign Minister Urmas Reinsalu said. For nearly 14 months, the Russian military has been bogged down by its grinding war in Ukraine. More boots on the groundSome leaders in the Baltic countries have said that they ultimately want to host more NATO troops, including permanent brigades, in the years to come. So as the threat landscape continues to shift, the Baltic defense has adapted along with it, Townsend said.

☆ LeBron James leads the Los Angeles Lakers to a 111-101 win and 2-1 series lead against the Memphis Grizzlies
▼ + stars: | 2023-04-23 | by ( Patrick Sung | ) edition.cnn.com time to read: +4 min

Los Angeles Lakers superstar LeBron James and center Anthony Davis had strong performances to help lead LA to a big 111-101 win over the Grizzlies in front of a sold-out crowd at Staples Center on Saturday to take a 2-1 lead in their best-of-seven first round NBA Playoff series. Brooks was ejected from Game 3 for a flagrant 2 foul on LeBron James. Anthony Davis had a massive night, racking up 31 points, 17 rebounds and three blocks. Wally Skalij/Los Angeles Times/Getty ImagesAfter the game, James said that the game wasn’t about making a “statement” to Brooks and the rest of the Grizzlies. Sixers forward Tobias Harris led the way for Philly with 25 points and 12 rebounds in what is Brooklyn’s second straight first-round sweep.

☆ NBA roundup: Anthony Davis, Lakers sprint past Grizzlies
▼ + stars: | 2023-04-23 | by ( ) www.reuters.com time to read: +4 min

[1/5] Apr 22, 2023; Los Angeles, California, USA; Los Angeles Lakers guard Dennis Schroder (17) shoots the ball against Memphis Grizzlies forward David Roddy (27) in the fourth quarter during game three of the 2023 NBA playoffs at Crypto.com Arena. LeBron James added 25 points and nine rebounds as the Lakers took a 2-1 lead in the Western Conference matchup. D'Angelo Russell had 17 points and Rui Hachimura scored 16 for Los Angeles, which led by as many as 29 points in the wire-to-wire victory. Desmond Bane (18 points) ended the Morant run with a 3-pointer that cut the Los Angeles lead to 108-99 with 1:24 remaining. James Harden collected 17 points, 11 assists and eight rebounds.

☆ US abortion providers relieved but wary as Supreme Court preserves pill access
▼ + stars: | 2023-04-22 | by ( Sharon Bernstein | ) www.reuters.com time to read: +4 min

April 21 (Reuters) - Abortion rights supporters expressed relief on Friday after the U.S. Supreme Court preserved access to a widely used abortion pill but warned of a long fight ahead as a legal challenge to the medication continues. Abortion providers had been stockpiling the abortion pill mifepristone or planning to switch to a new regimen amid the battle over the legality of a drug used in more than half of U.S. abortions. Several providers said late on Friday they would pause plans to change their medication abortion protocol in light of the Supreme Court's order. The Supreme Court did not rule on the merits of the case, however, meaning that mifepristone could still be restricted or banned at a later stage in the case. Several states where abortion remains legal, including California, Massachusetts and Washington, previously said they had begun stockpiling abortion drugs in advance of possible restrictions.

The latter could slam global growth back to about 1% this year, effectively a recession on a per-capita GDP basis. 'PERILOUS' RISKSThe IMF's Global Financial Stability Report warned of a "perilous combination of vulnerabilities" in financial markets, saying that some participants had failed to adequately prepare for the impact of interest rate increases. Despite the warnings, the IMF's chief economist, Pierre-Olivier Gourinchas, said inflation is still the bigger problem and that price stability should take precedence over financial stability risks for central banks' monetary policy. Only in the event of a very severe financial crisis should those priorities be reversed, he said in a news conference. She added that the global financial system was also resilient due to reforms enacted after the 2008 financial crisis.

In its latest Global Financial Stability Report, the IMF said global financial stability risks had increased "rapidly" in the six months since its previous assessment when it was already touting hazards as being "significantly skewed" to the downside. The IMF said the bank failures "have been a powerful reminder" of the challenges wrought by tighter monetary policy - and the more stringent financial conditions it generated - and the buildup in vulnerabilities since the global financial crisis more than a decade ago. Problems at U.S. regional banks grew last year, as rapidly rising interest rates slashed the value of some banks' holdings in long-term assets such as home loans and government bonds. Going forward, regional banks could face greater scrutiny with respect to their holdings and funding structures, the IMF cautioned. Even still, authorities should be more prepared to deal with financial instability, the IMF recommended, including by strengthening their bank resolution regimes.

☆ There could be 'other stressors' in the non-bank financial sector, IMF warns
▼ + stars: | 2023-04-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere could be 'other stressors' in the non-bank financial sector, IMF warnsTobias Adrian, director of the monetary and capital markets department at the International Monetary Fund, warns that there could be potential risks in the non-bank financial sector following a series of recent banking crises.

☆ I watched Ben Affleck's new 'Air' movie with 72 Nike veterans. Here's what they said the movie got right and what it got wrong about the race to sign Michael Jordan.
▼ + stars: | 2023-04-06 | by ( Matthew Kish | ) www.businessinsider.com time to read: +7 min

The movie also shows how early Nike employees didn't hesitate to break rules. The scene sums up what's right, and what's wrong, with the movie, according to former and current Nike employees. It shows early Nike employees didn't hesitate to take risks. Nike veterans said the movie captures the company's willingness to take risks, especially early executives like Phil Knight, played by director Ben Affleck. Affleck, who also played Knight in the movie, nailed the story's arc, by all accounts.

☆ I went to see Ben Affleck's new "Air" movie with some Nike veterans. Here's what they said the movie got right and what it got wrong about the race to sign Michael Jordan.
▼ + stars: | 2023-04-06 | by ( Matthew Kish | ) www.businessinsider.com time to read: +7 min

☆ Sweden less sure it will join NATO by July - TT
▼ + stars: | 2023-03-30 | by ( ) www.reuters.com time to read: +1 min

STOCKHOLM, March 30 (Reuters) - Sweden's foreign minister said on Thursday he was no longer sure his country would be able to join NATO by July, after fresh signs of objections from Hungary. Sweden applied to join the military alliance after Russia's invasion of Ukraine last year, but Hungary and fellow NATO member Turkey held off from approving the bid. Foreign Minister Tobias Billstrom said last week that "it goes without saying" Sweden would become a member by the time of a NATO summit in Vilnius in July. Finland applied to join NATO at the same time as Sweden. Its NATO membership was approved by the Hungarian parliament on Monday and is expected to be ratified by Turkey soon.

☆ Sweden summons Russia's ambassador over "legitimate target" statement
▼ + stars: | 2023-03-29 | by ( ) www.reuters.com time to read: +1 min

OSLO, March 29 (Reuters) - Sweden's foreign ministry said on Wednesday it will summon Russia's Stockholm ambassador to complain about an "attempt at interference" with the Swedish NATO application process. Sweden and Finland in 2022 both sought NATO membership shortly after Russia's invasion of Ukraine, and are hoping to complete the process this year. The Russian ambassador in a statement on the embassy's web site said joining NATO made the Nordic countries "a legitimate target for Russian retaliatory measures, including those of a military nature". A Swedish foreign ministry spokesperson told Reuters the ambassador would be summoned. "The foreign ministry is summoning the Russian ambassador to protest this obvious attempt at interference," Swedish Foreign Minister Tobias Billstrom separately told news agency TT.

☆ Zurich bank looks to capitalise on Credit Suisse's demise
▼ + stars: | 2023-03-27 | by ( Noele Illien | ) www.reuters.com time to read: +3 min

"There is a chance that the situation might accelerate our existing plans," he added, and suggested the bank would be open to looking into purchasing businesses from Credit Suisse, should they become available. "We want to grow and we have stated that we are open to looking at external growth as well, regardless of the situation of Credit Suisse," Baumann said. The Canton of Zurich is liable under the state guarantee for any ZKB liabilities which the bank cannot cover in the event of trouble. Deposits in Swiss bank accounts are usually only protected up to 100,000 Swiss francs. ($1 = 0.9190 Swiss francs)($1 = 0.9168 Swiss francs)($1 = 0.9160 Swiss francs)($1 = 0.9164 Swiss francs)Reporting by Noele IllienOur Standards: The Thomson Reuters Trust Principles.

☆ NBA roundup: Warriors withstand Joel Embiid's 46-point game
▼ + stars: | 2023-03-25 | by ( ) www.reuters.com time to read: +7 min

[1/5] Mar 24, 2023; San Francisco, California, USA; Golden State Warriors guard Stephen Curry (30) dribbles the basketball against the Philadelphia 76ers in the fourth quarter at Chase Center. A 23-9 run in the first 5:59 out of the locker room quickly flipped the game in the Kings' favor. Booker finished with 32 points, 14 in the fourth quarter, and Ross' 30 points marked a season high. Italian rookie Simone Fontecchio led Utah with 26 points, while Kelly Olynyk chipped in with 16 points and seven rebounds. Haliburton and Myles Turner each scored 20 points to lead Indiana, which trailed by 29 in the fourth quarter.

Hohn, who runs hedge fund TCI Fund Management, owns 3.1% of Cellnex's shares and 5.9% in derivatives, corporate records show. However, Hohn last month wrote to Airbus, in which TCI has a 3% stake, demanding it drop a deal. "We believe that the subsequent hiring process for a new CEO has been mishandled by the board and resulted in insufficient progress to recruiting a suitable replacement," Hohn wrote in the letter, published on TCI's website. "We intend to exercise our shareholder rights to request certain shareholder resolutions be added to the next AGM," the letter said. Kan was named Cellnex's chairman in 2021 and has been an independent member of the board since 2015.

Search resuls for: "Tobias"

25 mentions found