DIRS.INFO The most relevant business & tech news

☆ SoftBank’s reduced Arm price tag is still too high
▼ + stars: | 2023-09-05 | by ( Liam Proud | ) www.reuters.com time to read: +7 min

The lesson for SoftBank and Arm is clear: chip investors are laser-focused on medium-term operating profit, not just revenue. Reuters GraphicsThere are three key moving parts to Arm’s valuation. Under SoftBank, Arm’s operating margin has dropped to around 25%, from roughly 40% in 2015 – a consequence of Son’s preference for heavy investments in research. If Arm nabbed the same multiple, its enterprise value would be $33 billion, using the above growth and operating margin. To mimic and sustain Nvidia-esque growth, Arm CEO Rene Haas would have to keep ramping up investments in engineers and sales teams, which would weigh on margins.

Persons: SoftBank, Masayoshi Son, Bernstein, they’ll, Rene Haas, SoftBank’s, it’s, George Hay, Katrina Hamlin, Oliver Taslic Organizations: Reuters, SoftBank, Nvidia, Cadence Design Systems, LSEG, Reuters Graphics, Apple, Devices, Vision Fund, Nasdaq, Thomson Locations: Cambridge, Saudi Arabia

☆ Data show inflation rising in some German states
▼ + stars: | 2023-08-30 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Annegret Hilse/File Photo Acquire Licensing RightsBERLIN, Aug 30 (Reuters) - Inflation rose in four of six key German states in August, according to data released on Wednesday, casting doubt on a continuation of a national downward trend. The national data will be published at 1200 GMT. Data from Bavaria and Hesse showed that inflation eased modestly in those states to 5.9% and 6.0%, respectively. Bastian Hepperle, economist at Hauck Aufhaeuser Lampe Privatbank, said inflation in Germany was still expected to slow despite the mixed picture. However, inflation remains well above the European Central Bank target of 2% and core inflation, excluding volatile prices like food and energy, has been stubbornly high.

Persons: Chandon, Annegret, Bastian Hepperle, Hauck Aufhaeuser Lampe Privatbank, Price, Rachel More, René Wagner, Friederike Heine Our Organizations: Moet, REUTERS, Rights, Reuters, European Central Bank, Thomson Locations: Berlin, Germany, North Rhine, Westphalia, Germany's, Baden, Wuerttemberg, Brandenburg, Saxony, Bavaria, Hesse, Europe's, Ukraine

STEINHATCHEE, Florida, Aug 30 (Reuters) - Florida's Gulf Coast braced on Wednesday for fierce winds, torrential rain and surging seawater from Idalia, forecast to become "an extremely dangerous" Category 4 hurricane, as it swirled toward a direct hit on the state's Big Bend region. Most of Florida's 21 million residents, and many in the adjacent states of Georgia and South Carolina, were under hurricane warnings and other storm-related advisories. Any storm reaching Category 3 or higher is considered a major hurricane. 1 killer in all of these storms is water," Deanne Criswell, the Federal Emergency Management Agency's administrator, said on CNN. Idalia-related disruptions extended to Florida's Atlantic coast at Cape Canaveral, where the Tuesday launch of a rocket carrying a U.S. Space Force intelligence satellite was delayed indefinitely.

Persons: Kevin Guthrie, Rene Hoffman, Idalia, Steve Pizzano, Adrees Latif, Biden, Ron DeSantis, Irma, Michael, Ian, DeSantis, Milton Bontrager, Maria Alejandra Cardona, Marco Bello, Joey Roulette, Rich McKay, Nelson Acosta, Dave Sherwood, Brad Brooks, Brendan O'Brien, Nandita Bose, Steve Gorman, Gerry Doyle Organizations: Reuters Graphics Reuters, National Hurricane Center, NHC, REUTERS, Federal Emergency Management, CNN, White, Florida, Republican, U.S . Space Force, Tampa International Airport, National Guard, Thomson Locations: STEINHATCHEE, Florida, Idalia, Bend, Gulf of Mexico, Georgia, South Carolina, Steinhatchee , Florida, Miami, Cedar Key , Florida, Gulf Coast, North, Sarasota, Apalachicola Bay ., Clearwater Beach , Florida, U.S, Gulf, Gainesville, Tallahassee, Tampa, St, Petersburg, Cape Canaveral, Cuba, Tampa , Florida, Atlanta, Havana, Guanimar, Longmont , Colorado, Chicago, Washington

☆ Arm’s changing business model is wildcard for IPO
▼ + stars: | 2023-08-24 | by ( Karen Kwok | ) www.reuters.com time to read: +5 min

The other is royalty revenue, which is linked to how many products containing Arm technology that a customer eventually sells. Rather than selling licenses for specific chip designs and hoping the royalty revenue eventually flows, it is offering so-called total access agreements. First, Amazon’s engineers are more likely to experiment with Arm’s intellectual property and therefore use it in the future, eventually boosting royalty revenue. The company’s revenue fell 1% to $2.7 billion in the financial year to March 31. In the most recent quarter, which ended on June 30, Arm’s revenue fell by more than 2% year-on-year to $675 million.

Persons: Dado Ruvic, Rene Haas, Haas, lumpy, Liam Proud, Oliver Taslic Organizations: REUTERS, Reuters, SoftBank, Apple, Samsung Electronics, Nvidia, Microsoft, Infineon Technologies, U.S, Nasdaq, Thomson Locations: British

☆ Simon Rogan, Michelin-starred chef, fights toxic kitchen culture
▼ + stars: | 2023-08-23 | by ( Maggie Wong | Maggie Hiufu Wong | ) edition.cnn.com time to read: +13 min

We’re gonna push you.’”Chef Simon Rogan thinks a change in kitchen culture is overdue. Meanwhile, reality TV shows glorifying intense and even toxic kitchen culture, such as “Hell’s Kitchen,” have been captivating audiences for years. Rogan, seen here on his farm in Cartmel, England, claims there has never been a better time to join the restaurant industry. A commis chef (novice chef) in our rural location makes about £30,000 [per annum] ($38,155),” says Rogan. Most of their restaurants offer a five-day work week and a 10-hour work shift, as opposed to the six-day work week followed by many of the region’s eateries.

Persons: Simon Rogan, ” Rogan, squinting, You’ve, Maggie Hiufu Wong, Barbara Lynch, Lynch, Copenhagen’s Noma, René Redzepi, Noma, Michel Roux Jr, Le Gavroche, Rogan, ”, wasn’t, “, Rogan's, Simon Rogan “, you’ve, “ We’ll, L’Enclume, ‘, Caleb Ng, Joshua Ng, Ng, ” Ng Organizations: CNN, CNN Travel, Financial Times, Financial, Le, ”, Michelin, Twins, Shanghai – Locations: New York, Boston, Menton, Copenhagen, London, “, Cartmel, England, Hong Kong, United Kingdom, American, Singapore, Shanghai

☆ Arm, the Chip Designer, Files for an I.P.O. Expected to Be Among the Largest
▼ + stars: | 2023-08-21 | by ( Santul Nerkar | Don Clark | ) www.nytimes.com time to read: +2 min

Why It MattersThe move will provide Arm’s parent company, SoftBank, with more capital to further invest in start-ups. In the filing, Arm said more than 30 billion Arm-manufactured chips were shipped last fiscal year. But Arm technology is also found in myriad other products, including home appliances, cars and industrial equipment. Arm was a public company until 2016, when SoftBank bought it for $32 billion. SoftBank has taken huge losses since that failed acquisition, posting a $3.3 billion loss in this year’s first quarter.

Persons: Masayoshi Son, SoftBank, Rene Haas Organizations: Apple, Nvidia, Vision

☆ What ARM's expected debut means for the IPO market and SoftBank
▼ + stars: | 2023-08-21 | by ( Ryan Browne | ) www.cnbc.com time to read: +8 min

Its debut will be a big deal for an IPO market that's been in the doldrums since 2022, but the company's listing has big implications for SoftBank as well. SoftBank agreed to acquire Arm in 2016 for $32 billion, which at the time was the biggest-ever purchase of a European technology company. The unit also swung to a 9.5 billion yen loss, having made a profit of 29.8 billion yen in the same period a year earlier. SoftBank said its Vision Fund booked an investment gain of 159.8 billion yen, its first gain in five consecutive quarters. In July, the company led a $65 million investment in U.K. insurance technology company Tractable.

Persons: Son, Tomohiro Ohsumi, SoftBank, It's, Rene Haas, Haas, Nvidia SoftBank, Arm, Grace Hopper, Didi, Uber, Yoshimitsu Goto, Leswing Organizations: SoftBank Group Corp, ARM Holdings, Bloomberg, Getty, Apple, reining, Acorn Computers, Acorn, Machines, VLSI Technology, CNBC, ARM, Nvidia, Vision, Investors, AMD, Vision Fund Locations: Tokyo, Cambridge, England, Switzerland, European, Europe, U.S, London, New York

☆ From cocktails to free rides, World Cup co-hosts fight to woo back tourists
▼ + stars: | 2023-08-19 | by ( Tara Subramaniam | ) edition.cnn.com time to read: +6 min

In 2022, there were only about 1.4 million visitors, according to data provided by the government, still considerably below pre-pandemic levels. That’s why events like the Women’s World Cup are so important. Cities like Wellington and Auckland have catered to World Cup tourists by making public transportation free on game days for anyone with a match ticket. The extra effort has not gone unnoticed by tourists, especially those who have traveled to other World Cup events. Compared to the last Women’s World Cup in France, more businesses seem excited to welcome tourists, said US fan Carly Andler.

Persons: James Johnson, “, ” Johnson, ”, Monchy, CNN’s Richard Quest, Iain Walker, Chow Tory, Chow Tory's, Tara Subramaniam, Carly Andler, Andler, we’ve Organizations: Wellington CNN — Soccer, Football Australia, Tourism, Zealand’s Ministry of Business Innovation, New Zealand, Air New Zealand, FIFA, CNN, New Zealand’s Football Ferns, Wellington Chocolate Factory, Wellington City Council Locations: Australia, New Zealand, Tourism New Zealand, New, Tourism Australia, Cities, Wellington, Auckland, Dunedin, Hamilton, United States, Costa Rica, Spanish, Swedish, Italy, Japan, Rosebud, Bundaberg, Zealand, France

☆ Arm IPO depends on more than Big Tech support
▼ + stars: | 2023-08-14 | by ( Karen Kwok | ) www.reuters.com time to read: +4 min

REUTERS/Dado Ruvic/IllustrationLONDON, Aug 14 (Reuters Breakingviews) - Arm is phoning Big Tech friends for help with its initial public offering. Backing from some of the world’s largest technology companies would also provide a useful marketing boost. Investments from big tech companies risk scrutiny from antitrust regulators, who previously blocked chip specialist Nvidia from buying Arm. Reuters Graphics Reuters GraphicsArm and its owner, Japan’s SoftBank Group (9984.T), will therefore need to win over big institutional investors. That’s well below the $60 billion to $70 billion that Bloomberg recently reported Arm is aiming for.

Persons: Dado Ruvic, Rene Haas, Taiwan’s TSMC, Japan’s, Bernstein, Peter Thal Larsen, Oliver Taslic Organizations: REUTERS, Reuters, Big Tech, Nvidia, Apple, Google, Microsoft, Investments, U.S . Federal Trade Commission, Reuters Graphics, Cadence Design Systems, Bloomberg, Reuters Graphics Reuters, Intel, Samsung Electronics, Japan’s SoftBank, Nasdaq, Thomson Locations: U.S, ASML, Cambridge

☆ Analysis: China's importance to German exporters on the wane
▼ + stars: | 2023-08-04 | by ( ) www.reuters.com time to read: +4 min

China's emergence as a market economy in the 2000s provided a massive boost to German companies and has proved a big contributor to the overall health of the German economy since. That China is increasingly able to produce goods it previously bought from Germany is weighing on German exports, Brzeski noted. However, the dependence of many companies on the Chinese market will no longer be so visible in export figures, but in their balance sheets," Stamer said. For example, many German carmakers are increasingly producing locally for the Chinese market. Weaker demand from China has had a strong impact on the German manufacturing sector.

Persons: Fabian Bimmer, Joerg Kraemer, Carsten Brzeski, Brzeski, Vincent Stamer, Stamer, Rene Wagner, Maria Martinez, Christina Fincher Organizations: REUTERS, Reuters, ING, Reuters Graphics Germany, Kiel Institute, PMI, Thomson Locations: Bremerhaven, Germany, China, BERLIN, Berlin, Beijing, U.S, United States

☆ ‘Lady Killer’ and ‘The Strange Mister Victor’ Review: A Golden Age
▼ + stars: | 2023-08-03 | by ( Beatrice Loayza | ) www.nytimes.com time to read: +2 min

Compared to other heavy hitters from the golden age of French cinema — think Jean Renoir (“The Rules of the Game”) or Marcel Carné (“Children of Paradise”) — history hasn’t been kind to Jean Grémillon. This is especially the case in the United States, where the director’s work continues to be discussed among cinephiles like a special secret. “Lady Killer” stars the leonine Jean Gabin as Lucien, a womanizing legionnaire. Lucien falls hard for Madeleine and takes up a job at a print shop in Paris so that they can be together. In his early days, Grémillon was a violinist who played with an orchestra that provided accompaniment for silent films.

Persons: Jean Renoir, Marcel Carné, Jean Grémillon, ”, Victor ”, “, Jean Gabin, Lucien, Madeleine, Mireille Balin, Grémillon Locations: United States, France, Paris

☆ Roger Federer Is Having Fun in Retirement
▼ + stars: | 2023-08-02 | by ( Alyson Krueger | ) www.nytimes.com time to read: +1 min

Mr. Federer was involved in almost all the details, from fabric to zippers. Mr. Federer knew Mr. Anderson from mutual friends in the fashion world. “He is the hottest designer out there,” Mr. Federer said. When the idea came up for us to work together, I was very excited.”On the morning of the introduction, Mr. Federer seemed happy and relaxed as he showed off his new clothes. In the edited interview below, Mr. Federer talks about his life in retirement.

Persons: Federer, Jonathan, ‘, ”, Mr, Anderson, ” Mr, “, René Lacoste, Stan Smith

☆ Philadelphia’s Recreation Centers, Where Fun Isn’t A Luxury - The New York Times
▼ + stars: | 2023-08-02 | by ( Adrian Eli René | Airea D. Matthews | ) www.nytimes.com time to read: +1 min

In big cities, dense with buildings and people, bustling with traffic, this question has beleaguered generations of parents. And it was one I asked myself when I moved back with my four children in 2017 to Philadelphia after two decades away. Toward the end of that first year, an old friend, also a Philadelphia native, reminded me of a valuable resource that might ease my children’s isolation — recreation centers. I immediately scoured the Philadelphia Parks and Recreation website for camps, anything that might help recreate their lost communal magic. I quickly found a teen adventures camp for my two eldest and an ecological camp and visual camp for my two youngest.

Organizations: Bryn Mawr College, Philadelphia Parks, Recreation Locations: Philadelphia

☆ MLB roundup: Giants' J.D. Davis belts walk-off HR
▼ + stars: | 2023-07-30 | by ( ) www.reuters.com time to read: +11 min

Rangers starter Martin Perez (8-4) gave up four runs on eight hits and three walks with a strikeout in 5 2/3 innings. Rockies starter Chris Flexen (0-5) had six walks, a hit batter and a run-scoring wild pitch in 3 2/3 innings. Toronto right-hander Alek Manoah struck out six and allowed one run, four hits and three walks in 4 1/3 innings. Starter Quinn Priester (2-1) allowed five runs and five hits in five-plus innings, with seven strikeouts and six walks. Patrick Corbin (7-11) allowed four runs on six hits and no walks while striking out two over 5 2/3 innings.

Persons: J.D, Davis, John Hefti, Camilo Doval, Justin Turner, Jansen, Sean Manaea, Ryan Walker, Tyler Rogers, Max Muncy, Joe Kelly, Emmet Sheehan, Evan Phillips, Luke Weaver, Elly De La Cruz, Yu Darvish, Seong Kim, Diego, Darvish, Luis Campuano, Gary Sanchez, Martin Perez, Ronald Acuna Jr, Acuna, Eddie Rosario, Julio Teheran, Bryce Elder, Brent Rooker, Zack Gelof, Seth Brown, Tyler Soderstrom, Ramon Laureano, Paul Blackburn, Chris Flexen, Hunter Brown, Yainer Diaz, Jose Abreu, Jose Altuve, Alex Bregman, Yordan Alvarez, Rene Pinto, Houston, Chas McCormick, Diaz, Jake Meyers, Taj Bradley, Alejandro Kirk, Santiago Espinal, Manoah, Taylor Ward, Ward, Reid Detmers, Riley Greene, Joey Wentz, Luis Arraez, Johnny Cueto, Mike Clevinger, Tim Anderson, Andrew Vaughn, Anderson, Logan Allen, Clevinger, Allen, Aaron Judge, Giancarlo Stanton, Kyle Higashioka, Isiah Kiner, Falefa, Clarke Schmidt, Tyler Wells, Bobby Witt Jr, Witt, Michael Massey's, Bailey Ober, Ian Happ, Yan Gomes, Louis, Jameson Taillon, Michael Fulmer, Mark Leiter Jr, Javier Assad, Daniel Palencia, Adam Wainwright, Endy Rodriguez, Liover Peguero, Alika Williams, Quinn Priester, David Bednar, Brandon Marsh, Jake Cave, Johan Rojas, Aaron Nola, Riley Adams, Max Scherzer, Dominic Smith, Joey Meneses, Stone Garrett, Patrick Corbin, Mark Vientos, Francisco Lindor, Tommy Pham, Francisco Alvarez, Carlos Carrasco, Dominic Canzone, Canzone, Scott McGough, Julio Rodriguez, Arizona's Kevin Ginkel, Tom Murphy, Corbin Carroll, Andres Munoz, Carroll Organizations: San Francisco Giants, Boston Red Sox, Oracle, Red Sox, Giants, Dodgers, Reds, Cincinnati, National League West, Padres, Rangers, Braves, Brewers, Atlanta, Milwaukee, Athletics, Rockies, Colorado, Oakland, Sunday, Astros, Rays, Houston, Tampa Bay, Blue Jays, Angels, Toronto, Los, Los Angeles ., Tigers, Marlins, Miami, Five Detroit, White Sox, Cleveland . Chicago, Chicago, Yankees, Orioles, Baltimore, Royals, Kansas City, Twins, Cubs, Cardinals, St, Pirates, Phillies, Pittsburgh, Philadelphia, Nationals, Mets, Washington, New, Texas Rangers, Diamondbacks, Mariners, Arizona, Seattle, Thomson Locations: San Francisco , California, USA, Angeles, Muncy, Texas, Milwaukee, Oakland, Denver, Los Angeles, Los Angeles . Toronto, Detroit, Miami, Chicago, New York, Kansas, Minnesota, Philadelphia, Phoenix, Arizona

Before he was fired by Pope Francis over another issue, Becciu was one of the most powerful men in the Vatican. The Vatican sold the building last year, taking an estimated loss of about 140 million euros. The others on trial include several Vatican employees and two outside brokers who the Vatican has accused of extortion. He asked the court to confiscate 172 million euros of Mincione's assets and 71 million euros of Torzi's. At the time of Becciu's firing, he was also stripped of what the Vatican then said were his "rights associated with being a cardinal".

Persons: Becciu, Cardinal Angelo Becciu, Pope Francis, Alessandro Diddi, Diddi, Raffaele Mincione, Rene Bruelhart, Tommaso Di Ruzza, Cecilia Marogna, Phil Pullella, Andrew Heavens, Toby Chopra, Alison Williams Organizations: VATICAN CITY, Vatican, of State, Vatican's Financial Intelligence, Thomson Locations: London, Vatican, Swiss, Mali, al Qaeda

FRANKFURT/LONDON, July 26 (Reuters) - German industry is finding new ways to transport cargoes from coal to chemicals as increasingly frequent low water levels on the Rhine disrupt Europe's largest economy. At Kaub , the critical chokepoint for Rhine barges, water levels fell to their lowest this year earlier this week. ARTERY OF THE ECONOMYThe impact of low water levels is not limited to big business. But logistics firms are benefiting from rising demand for vessels adapted to lower river levels. "We expect, due to climate change, that the extremes on the river Rhine will happen more often," said Maickel Uijtewaal, general manager at Stolt-Nielsen (SNI.OL).

Persons: Uwe Arndt, Barbara Hoyer, majeure, Roberto Spranzi, Maickel Uijtewaal, Steffen Bauer, Christoph Steitz, Vera Eckert, Ludwig Burger, Patricia Weiss, Rene Wagner, Nette, Tom Kaeckenhoff, Matthias Inverardi, Vincent Flasseur, Barbara Lewis Organizations: Federal Waterways, Shipping Agency, Reuters Graphics, Cologne, BASF, Reuters Graphics Reuters, Kiel Institute, Deutsche Bank, Reuters, Stolt, Nielsen, HGK Shipping, Daniels, Midland Co, Chemicals, Thomson Locations: FRANKFURT, LONDON, Kaub, Europe, Reuters Graphics Germany, Ludwigshafen, HGK, Frankfurt, Berlin, Duesseldorf, London

☆ Around 20% of workers are losing out on sleep because of newbie managers, survey finds
▼ + stars: | 2023-07-20 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +2 min

Workers are getting poor sleep because of rookie managers with little training, a new survey found. Over a third of workers have been tempted to quit because of the new manager, per the survey. This is because companies often promote senior employees to managerial roles with little training. And, one in five workers said their sleep quality also suffered as a result. He added that IQ is less important than emotional intelligence, especially because young managers feel they have to be "the cleverest person in the room."

Persons: —, they've, Linda Hill, I've, René Carayol Organizations: Service, Privacy, Employees, Life Labs, Harris Research, Bloomberg, Harvard Business Locations: Wall, Silicon, —

☆ Bain Capital raises SoftwareOne takeover offer to $3.7 billion, Bloomberg reports
▼ + stars: | 2023-07-20 | by ( ) www.reuters.com time to read: +1 min

July 20 (Reuters) - Bain Capital has increased its offer for SoftwareOne Holding AG to about 3.2 billion Swiss francs ($3.72 billion), Bloomberg News reported on Thursday, citing people with knowledge of the matter. The private equity firm has tabled a new proposal of around 20 francs per share for the Swiss software management company, the report said. SoftwareOne and Bain Capital declined to comment on the report. The reported new offer is at a premium of 43.6% from SoftwareOne's last close on May 31, when Bain first presented an offer to the Swiss firm valuing it at $3.2 billion. SoftwareOne helps companies manage software purchases from vendors such as Microsoft, Adobe and IBM.

Persons: SoftwareOne, Bain, Daniel von Stockar, Rene Gilli, Kanjyik Ghosh, Paul Arnold, David Evans, Jan Harvey, Frances Kerry Organizations: Bain Capital, SoftwareOne, Bloomberg, Microsoft, Adobe, IBM, Thomson Locations: Swiss, SoftwareOne's, Bengaluru, Zurich

☆ Mattel hated the 1997 song 'Barbie Girl' so much that it sued. Now, the song is making a return thanks to Greta Gerwig.
▼ + stars: | 2023-07-18 | by ( Grace Dean | ) www.businessinsider.com time to read: +5 min

Aqua's chart-topping 1997 hit "Barbie Girl" called the doll a "blond bimbo" and was full of innuendos. "Barbie Girl" is now being revived in Greta Gerwig's film with a performance by Nicki Minaj and Ice Spice. But no one really thought that the tongue-in-cheek song could have been written by Mattel, Lobel wrote. Years later, Mattel even bought the rights to the song from Aqua, Lobel wrote. The song is now making a comeback, in a way, thanks to Greta Gerwig's "Barbie" film, which is hitting cinemas this Friday.

Persons: bimbo, Greta Gerwig's, Nicki Minaj, Elton John, Barbie —, Lobel, Aqua, Barbie, Ken, Barbie's Dreamhouse, Lene Nystrøm, René Dif, hanky, Mattel, Alex Kozinski, Vinnie Zuffante, Michael Ochs, Nystrøm, Stone, Pamela Anderson, Kozinski Organizations: Mattel, MCA Records, Service, Universal Music, Michael Ochs Archives, Aqua, YouTube, Spotify Locations: Wall, Silicon, Norwegian, Australia, Barbie's

☆ Ecstatic Steph Curry sinks walk-off eagle to win celebrity golf tournament
▼ + stars: | 2023-07-17 | by ( Jack Bantock | ) edition.cnn.com time to read: +11 min

“She knows how much I love this game,” Curry told reporters. Al Messerschmidt / Getty Images Michael Jordan: Any sports fan who has watched "The Last Dance" will know MJ's passion for golf is well-documented. Isaac Brekken / Getty Images Justin Timberlake: The singer and actor has been bringing "SexyBack" to golf for decades. Xaume Olleros / AFP via Getty Images Niall Horan: There's only One Direction the ball is going when the Irish singer-songwriter is at the tee. Ross Kinnaird / Getty Images Tom Holland: Part-time web-slinger, full-time golf swinger -- the "Spider-Man" lead is a self-confessed golf addict.

Persons: Steph Curry, Curry, whisking, Mardy Fish, Ayesha, “, ” Curry, “ It’s, Isaiah Vazquez, Patrick Mahomes, Travis Kelce, Aaron Rodgers, Annika Sorenstam, Joe Pavelski, Al Del Greco, Mario Lemieux, Adam Sandler, Sandler, Gilmore, Shooter McGavin, Christopher McDonald, Al Messerschmidt, Michael Jordan, Davis, Jordan, Isaac Brekken, Justin Timberlake, JT strutting, Matt Sullivan, Catherine Zeta, Jones, Michael Douglas, Douglas, Ross Kinnaird, Tom Brady, Brady, Josh Allen, Carmen Mandato, Orlando Ramirez, Jessica Alba, tross, Xaume Olleros, Niall Horan, There's, Tom Holland, Warren Little, Stephen Curry, Celine Dion, René Angélil, Dion, Sam Levi, Miles Teller, Alice Cooper, Cooper, Kathryn Newton, Newton, Ezra Shaw, Sandy Young, ”, …, you’ve Organizations: CNN, Golden State Warriors, American, Edgewood, Hollywood, NFL, Fish, NHL, American NFL, Canadian NHL, NBA, University of North Carolina, PGA, Chicago, Mission, Getty, Management, BMW PGA, Clarkson Creative, Club, Tahoe, LPGA, Ryder, Celtic, Team, Warriors, Los Angeles Lakers, Western Conference Locations: Stateline , Nevada, Florida, British, Alba, Hainan, AFP, Irish, Terrebonne , Quebec, American, Celtic Manor, Wales

☆ German economy faces uphill climb as industrial output falls
▼ + stars: | 2023-07-07 | by ( ) www.reuters.com time to read: +1 min

BERLIN, July 7 (Reuters) - A swift economic recovery for Germany appeared less likely on Friday as data showed a surprise fall in industrial production. Output fell by 0.2% in May compared with the previous month, the federal statistical office said. The industrial production data was a reminder of the uphill climb in Europe's biggest economy if it is to shake off recession, after a surprise increase in May orders fuelled some optimism on Thursday. "We may just see stagnation in the second quarter, but much more likely a renewed decline in economic output," he added. The office offers a breakdown of the data on industrial production on its website.

Persons: Carsten Brzeski, Brzeski, Jens, Oliver Niklasch, Anna Mackenzie, Rene Wagner, Rachel More, Miranda Murray Organizations: Reuters, ING, Thomson Locations: BERLIN, Germany, Ukraine

☆ Kinnu helps users improve their long-term memory and their rate of learning. Check out the 14-slide pitch deck it used to raise $6.5 million.
▼ + stars: | 2023-07-05 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +2 min

Learning platform startup Kinnu has raised $6.5 million from LocalGlobe and Cavalry Ventures. Kinnu aims to help users improve in areas like long-term memory and the rate at which they learn. A startup using generative AI to build a learning app to help people improve in areas like long-term memory and the rate at which they learn has raised $6.5 million in fresh funds. London-based Kinnu bills itself as a gamified learning platform for those who want to learn generalist knowledge. The platform is currently popular among adult generalist learners, "who love learning for the sake of learning," Kahler told Insider.

Persons: Chris Kahler, chatbots, Kahler, Kinnu, Tom Hulme, Guy Podjarny, Rene Rechtman Organizations: Cavalry Ventures, UK, Spark, Google Ventures, Moonbug Entertainment Locations: LocalGlobe, London

☆ European telescope launched to hunt for clues to universe's darkest secrets
▼ + stars: | 2023-07-01 | by ( ) www.cnbc.com time to read: +3 min

A SpaceX Falcon 9 rocket, with the European Space Agency Euclid space telescope, lifts off from pad 40 at the Cape Canaveral Space Force Station in Cape Canaveral, Fla., Saturday, July 1, 2023. The Euclid mission is designed to explore the evolution of the dark universe. A European space telescope blasted off Saturday on a quest to explore the mysterious and invisible realm known as the dark universe. SpaceX launched the European Space Agency's Euclid observatory toward its ultimate destination 1 million miles (1.5 million kilometers) away, the Webb Space Telescope's neighborhood. "It's more than a space telescope, Euclid.

Persons: Webb, Josef Aschbacher, Carole Mundell, Euclid, It's, Rene Laureijs, Europe's, Giuseppe Racca Organizations: SpaceX, European Space Agency, Cape Canaveral Space Force, Space, NASA Locations: Cape Canaveral, Fla, Germany, Florida, Guiana, South America, Ukraine

☆ May retail sales bump in Germany not here to stay - analysts
▼ + stars: | 2023-06-30 | by ( ) www.reuters.com time to read: +1 min

June 30 (Reuters) - German retail sales rose more than expected in May from the previous month, data showed on Friday, though analysts said the surprise rise does not indicate a change in depressed spending. The Federal Statistics Office said retail sales were up 0.4% month-on-month in real terms, beating expectations by analysts polled by Reuters that sales would remain unchanged. Compared with May 2022, sales fell 3.6% in real terms. "Even if May surprised us with an increase in retail sales and April also proved robust, the basic constellation of weak private consumption will change little for the time being," said VP Bank chief economist Thomas Gitzel, who predicted that retail sales will fall again in June compared with the month before. Alexander Krueger, chief economist at Hauck Aufhaeuser Lampe private bank, said consumers were still putting the brakes on spending due to real income losses.

Persons: Thomas Gitzel, Alexander Krueger, Hauck Aufhaeuser Lampe, Rene Wagner, Andrey Sychev, Miranda Murray, Maria Sheahan, Friederike Heine Our Organizations: Federal Statistics Office, Reuters, Bank, Thomson

☆ Drop in German business morale points to longer recession
▼ + stars: | 2023-06-26 | by ( ) www.reuters.com time to read: +4 min

Summary Business climate index fell to 88.5 in June from 91.5 in MayBoth business expectations and current business conditions fellProbability of longer recession risesBERLIN, June 26 (Reuters) - German business morale worsened for the second consecutive month in June, a survey showed on Monday, indicating that Europe's largest economy faces an uphill battle to shake off recession. "Sentiment in the German economy has clouded over noticeably," Ifo's president Clemens Fuest said. Indeed, expectations were much more pessimistic, with the related Ifo index falling to 83.6 from May's 88.3. "The probability has increased that gross domestic product will also shrink in the second quarter," he said. "We feel confirmed in our forecast that the German economy will shrink again in the second half of the year," Commerzbank's chief economist Joerg Kraemer said.

Persons: Clemens Fuest, Carsten Brzeski, Brzeski, Klaus Wohlrabe, Urban, Franziska Palmas, Joerg Kraemer, Maria Martinez, Rene Wagner, Friederike Heine, Matthias Williams, Hugh Lawson Organizations: ING, Companies, Reuters, Oxford Economics, Capital Economics, Thomson Locations: BERLIN, U.S, Germany, German, Europe

Search resuls for: "rene"

25 mentions found