DIRS.INFO The most relevant business & tech news

☆ Elizabeth Holmes owes $452 million along with her former Theranos partner. She might never have to fully pay up.
▼ + stars: | 2023-06-04 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +5 min

A federal court ordered Elizabeth Holmes and Sunny Balwani to pay $452 million. Defendants hit with such orders to pay victims may see it come out of any eventual wages they earn. So how will Holmes and her former business partner Sunny Balwani navigate a $452 million restitution order? Former Theranos CEO Elizabeth Holmes arrives at federal court with her partner Billy Evans on November 18, 2022. According to the restitution order, Holmes and Balwani are responsible for $125 million in restitution to Murdoch, $40 million to Walgreens, and $14.5 million to Safeway.

Persons: Elizabeth Holmes, Sunny Balwani, Rupert Murdoch, Holmes, Daniel Richman, Evan Gotlob, Saul Ewing, Billy Evans, Justin Sullivan, Justice Department's, It's, Balwani, Insider's, Murdoch, Gotlob, There's Organizations: Morning, News Corp, Walgreens, Safeway, Forbes, Federal, Office, Columbia Law School, Justice, US, Prosecutors Locations: California, Arizona, Manhattan, Boston, Northern California

Relations between the superpowers are increasingly acrimonious, with friction over issues from Taiwan and China's military activity in the South China Sea to U.S. efforts to hold back China's semiconductor industry. China's leaders, by contrast, have been slow to establish military contacts and quick to shut them down during periods of diplomatic tension. This has frustrated the United States. Then there is China's view of how military talks fit into the broader U.S.-China relationship. From that perspective, military talks are something to bargain with.

Persons: Lloyd Austin, China's, ", Ely Ratner, National Defense Li Shangfu, Li, Zhu Feng, Zhu, Jacob Stokes, Yun Sun, ”, Daniel Russel, William Burns, it’s, Idrees Ali, Phil Stewart, David Brunnstrom, Michael Martina, Yew Lun Tian, Martina Pollard, Laurie Chen, Don Durfee, Alistair Bell Organizations: Pentagon . U.S . Defense, U.S . Army, U.S, National Defense, School of International Studies, Nanjing University, Center, New, New American Security, Stimson, East Asia, Obama, Asia Society Policy Institute, CIA, Washington, Pentagon, Thomson Locations: WASHINGTON, BEIJING, Singapore, Beijing, United States, China, Taiwan, South, U.S, Austin, New American, East Asia, Washington, Ukraine, States, East, Hainan

☆ In the battle for EV dominance in Europe, Bernstein picks 7 winners
▼ + stars: | 2023-06-02 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Chinese electric vehicle (EV) manufacturers are making a push into Europe and could take market share away from established U.S. and local brands, according to Bernstein. European brands have already seceded 20% of market share to Japanese and South Korean carmakers over the past two decades, according to IHS. Using what it described as conservative estimates, Bernstein predicted that Chinese automakers will hold less than 5% market share by 2030. In an accelerated scenario, where both Tesla and Chinese brands capture significant market share, incumbents could lose up to 20%," the bank's analysts wrote. Roeska noted that despite the fact that Chinese-owned European brands such as MG, Volvo, and Polestar currently account for 8% of the region's EV market, long-term dominance can only be sustainable through local production.

Persons: Bernstein, Tesla, Daniel Roeska, Roeska, Polestar, Aston Martin Organizations: IHS, Renault, EV, Volvo Car, Volvo, Benz Locations: Europe, Korean, U.S

☆ Obama says his advice for success in any career is 'just learn how to get stuff done'
▼ + stars: | 2023-06-02 | by ( Grace Mayer | ) www.businessinsider.com time to read: +2 min

Barack Obama talked in a recent interview about finding meaning in and outside of work. The former US president said his main advice for workers is to "just learn how to get stuff done." He said pursuing a career path that aligns with your passions will pave "an extraordinary career." In an interview with LinkedIn's editor-in-chief Daniel Roth, Obama talked about career advice, finding purpose in work, and the role AI will play in reshaping the workforce. When asked about the rise of AI, Obama said society will have to start to have conversations that re-examine how we approach work.

Persons: Barack Obama, —, Daniel Roth, Obama, Louis, Roth Organizations: Service, Netflix, Pulitzer Locations: pandemics

☆ Alcaraz sees off Daniel to reach French Open third round
▼ + stars: | 2023-05-31 | by ( Shrivathsa Sridhar | ) www.reuters.com time to read: +2 min

[1/5] Tennis - French Open - Roland Garros, Paris, France - May 31, 2023 Spain's Carlos Alcaraz in action during his second round match against Japan's Taro Daniel REUTERS/Lisi NiesnerPARIS, May 31 (Reuters) - Carlos Alcaraz came through a tricky early test at the French Open with flying colours, as the world number one sealed a 6-1 3-6 6-1 6-2 victory over Japan's Taro Daniel in windy conditions on Wednesday to reach the third round. Daniel pounced early in the next to grab a 3-0 lead before Alcaraz got on the board. He continued to batter the suddenly error-prone Spaniard with relentless hitting from the baseline before levelling the match. I try to think about myself, about my game, and try to put it into the match. All I can say is tomorrow is a day off for me and we're gonna think about the match tomorrow with my team."

Persons: Roland Garros, Spain's Carlos Alcaraz, Japan's Taro Daniel REUTERS, Lisi Niesner PARIS, Carlos Alcaraz, Japan's Taro Daniel, Alcaraz, Flavio Cobolli, Daniel, Daniel pounced, Philippe Chatrier, I'm, Denis Shapovalov, I've, Shrivathsa Sridhar, Toby Davis, Ed Osmond Organizations: Thomson Locations: Paris, France, Vienna, Canadian, Barcelona

☆ Opinion: Mitch McConnell’s confidence is being put to the test
▼ + stars: | 2023-05-14 | by ( Richard Galant | ) edition.cnn.com time to read: +17 min

We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. Not to worry, said Senate Minority Leader Mitch McConnell, a veteran of debt limit battles. McConnell’s reassurance that all will work out in the end is validated by history, but that doesn’t mean this time couldn’t be different. “If female voters are key to a Donald Trump victory in 2024, the former president should be in big trouble – but he doesn’t seem to care,” Jill Filipovic observed. “The town hall audience – selected on the basis of their intention to vote in the Republican primary in New Hampshire – appeared to be made up mostly of Trump fans.

☆ Opinion: What Trump gets right on Ukraine
▼ + stars: | 2023-05-13 | by ( Opinion Daniel R. Depetris | ) edition.cnn.com time to read: +8 min

For many political pundits and politicians, his observations on the war in Ukraine were no exception. Asa Hutchinson, who is challenging Trump for the 2024 nomination, declared that “Trump reminded everyone tonight of his support of Russia and his willingness to sell out Ukraine. The major difference between the Biden administration and Trump on the Ukraine question seems to be not whether talks should happen, but when. Another point Trump gets right is the vast disparity between the US and its European allies on the issue of assistance to Ukraine, even if his grossly exaggerates the amount of US aid. Join us on Twitter and FacebookTo be clear, some of what Trump said at the town hall about Ukraine was incorrect.

☆ Bolivian leader open to using yuan for trade, touting 'trend'
▼ + stars: | 2023-05-11 | by ( ) www.reuters.com time to read: +1 min

LA PAZ, May 10 (Reuters) - Bolivia's president expressed openness to the use of the Chinese yuan for international trade during a press conference on Wednesday, citing similar moves by Argentina and Brazil to tap the Asian currency for transactions with China. International trade transactions tend to be priced in U.S. dollars, especially for major commodity markets like energy and grains, going back decades. Earlier in the year, China and Brazil moved to reduce the dominance of the greenback by signing a deal to set up yuan clearing arrangements that can facilitate bilateral trade. "In Latin America, we have always had a great influence from the United States... but today many countries have more foreign trade with China. Reporting by Daniel Ramos; Writing by Valentine Hilaire; Editing by David Alire GarciaOur Standards: The Thomson Reuters Trust Principles.

☆ Liechtenstein to allow payment for certain state services in Bitcoin - Handelsblatt
▼ + stars: | 2023-05-08 | by ( ) www.reuters.com time to read: +1 min

May 8 (Reuters) - Liechtenstein plans to allow Bitcoin payments for certain state services, Prime Minister Daniel Risch told the German business daily Handelsblatt in an interview. "A payment option with Bitcoin is coming," Risch said in the interview on Sunday, without giving a specific timeframe. Risch, who is also Liechtenstein's finance minister, said the country plans to accept deposits in Bitcoin and immediately exchange them for the Swiss franc, the national currency. The prime minister said there was no plan for any big risks with state money but added he was open to investing state reserves in Bitcoin in the future. The state's reserves, which are primarily invested in the capital market, currently amount to 2.23 billion Swiss francs, ($2.51 billion), Handelsblatt reported, citing the finance ministry.

☆ Japan PM Kishida visits Seoul to forge closer ties amid N.Korea threats
▼ + stars: | 2023-05-06 | by ( ) www.reuters.com time to read: +4 min

South Korean officials are hopeful that Kishida will make some kind of gesture in return and offer some political support, although few observers expect any further formal apology for historical wrongs. But the historical differences between South Korea and Japan also threaten to cast a shadow over the blossoming ties between its two leaders. The majority of South Koreans believe Japan hasn't apologised sufficiently for atrocities during Japan's 1910-1945 occupation of Korea, Lee said. "They think that Prime Minister Kishida should show sincerity during his visit to South Korea, such as mentioning historical issues and expressing apologies," she added. Still, South Korea is an "important neighbour that we must cooperate with on various global issues," Japan's foreign ministry has said.

☆ Mexico's FEMSA Q1 revenues surge, driven by strong sales
▼ + stars: | 2023-04-28 | by ( ) www.reuters.com time to read: +1 min

MEXICO CITY, April 28 (Reuters) - Mexico's FESMA , which controls one of the largest Coca-Cola bottlers and a string of convenience store chains, posted a 22% jump in its first-quarter revenue Friday to 180 billion pesos, driven by strong sales in its key businesses. Sales in the region were seen "widely outpacing the industry," Group CEO Daniel Rodriguez said in a statement. The company's fintech arm, Spin by Oxxo, saw growth of 1.1 million new users in the quarter, taking its total user base to 6.4 million, while total monthly transactions were up 22%. The company's subsidiary, Coca-Cola FEMSA, meanwhile reported a 35% bump in quarterly net income earlier this week following strong growth in Mexico, Brazil, Guatemala and Uruguay. ($1 = 18.0201 pesos by end-March)Reporting by Valentine Hilaire and Noe Torres; Writing by Kylie Madry; Editing by Isabel WoodfordOur Standards: The Thomson Reuters Trust Principles.

☆ Bolivia takes control of Banco Fassil, executives arrested
▼ + stars: | 2023-04-27 | by ( ) www.reuters.com time to read: +2 min

LA PAZ, April 26 (Reuters) - Bolivia's government took control of one of the country's largest banks, Banco Fassil, a senior government financial official said on Wednesday, and police arrested several executives for alleged mismanagement. "Mismanagement, unhealthy practices have caused a crisis," the executive director of Bolivia's Financial System Supervision Authority (ASFI), Reynaldo Yujra, told reporters in the city of Santa Cruz. Dozens of police were stationed at Banco Fassil's 185 branches across Bolivia on Wednesday, authorities said. Banco Fassil President Ricardo Mertens, General Manager Jorge Arturo Chávez and another executive, Hernan Suarez, were arrested late Tuesday, while a fourth, Hermes Saucedo, turned himself in early Wednesday morning, according to the Santa Cruz attorney general's office. "The financial system in general is in good health.

☆ Daniel Radcliffe and Erin Darke have had their first child
▼ + stars: | 2023-04-26 | by ( Hafsa Khalil | ) edition.cnn.com time to read: +1 min

CNN —Daniel Radcliffe and his long-term partner, actress Erin Darke, have had their first child. Scott Boute, a representative for Radcliffe, confirmed the birth to CNN on Wednesday, after the Daily Mail published photographs of the couple pushing a pram in New York earlier this week. The baby’s sex and date of birth haven’t been disclosed. While promoting his role in “Weird: The Al Yankovic Story” last year, Radcliffe told Newsweek that he would love his kids to experience “wonderful” film sets – but without the fame. He shot to instant fame with the 2001 release of “Harry Potter and the Philosopher’s Stone,” the first in what became a blockbuster eight-movie franchise.

☆ Formula One statistics for the Azerbaijan Grand Prix
▼ + stars: | 2023-04-26 | by ( ) www.reuters.com time to read: +3 min

April 25 (Reuters) - Formula One statistics for Sunday's Azerbaijan Grand Prix in Baku, the fourth round of the 23-race 2023 world championship:Lap distance: 6.003 km. read moreThe street circuit made its debut in 2016 as the European Grand Prix. Daniel Ricciardo won for Red Bull from 10th on the grid in 2017 and Perez from sixth in 2021. Red Bull have been on pole in every race so far in 2023 and the last four in total. Aston Martin have had three successive podium finishes, a first for the Silverstone-based team in its many incarnations dating back to Jordan Grand Prix.

☆ A 'Harry Potter' TV series is in the works. Here's everything we know.
▼ + stars: | 2023-04-12 | by ( Olivia Singh | ) www.businessinsider.com time to read: +3 min

Warner Bros. Television is working on a scripted "Harry Potter" TV show. AdvertisementA "Harry Potter" TV show is in the works. AdvertisementThe series will be a 'faithful adaptation of the beloved original Harry Potter books'Rupert Grint, Daniel Radcliffe, and Emma Watson starred in the "Harry Potter" films. J.K. Rowling will serve as an executive producerJ.K. Rowling is the author of the "Harry Potter" book series. The show is eyeing a release in 2026Daniel Radcliffe as Harry in "Harry Potter and the Sorcerer's Stone."

Persons: Harry Potter, —, Max, J.K, Rowling, Rupert Grint, Daniel Radcliffe, Emma Watson, Casey Bloys, Evan Agostini, Neil Blair, Ruth Kenley, Letts, David Heyman, Harry, David Zaslav, Zaslav, Channing Dungey, Kirsten Acuna Organizations: Warner Bros . Television, Warner Bros, Discovery, Service, HBO, Max, Business, Twitter, WB, Hollywood Locations: Los Angeles, WarnerMedia

☆ Harry Potter series, another 'Game of Thrones' prequel coming to Max streaming service
▼ + stars: | 2023-04-12 | by ( Lisa Richwine | ) www.reuters.com time to read: +2 min

REUTERS/Neil Hall/File PhotoLOS ANGELES, April 12 (Reuters) - Boy wizard Harry Potter is headed to streaming television in a new series based on the beloved books by author J.K. Rowling. Warner Bros Discovery (WBD.O) announced the series on Wednesday as part of the company's plans for its Max streaming service, which combines HBO Max with unscripted programming from Discovery. The seven Harry Potter books have sold more than 600 million copies worldwide. Harry Potter fan blogs and actors including Radcliffe objected to her remarks. Other new shows coming to Max include a new "Game of Thrones" prequel, titled "A Knight of the Seven Kingdoms: The Hedge Knight," with author George R.R.

☆ A Cautionary Example for Those Cheering the Trump Indictment
▼ + stars: | 2023-04-05 | by ( Daniel Raisbeck | ) www.wsj.com time to read: 1 min

As Donald Trump faces indictment, many of his opponents are losing sight of a warning they issued in 2016. Then, Mr. Trump spoke of prosecuting Hillary Clinton and his supporters chanted “Lock her up!” Critics accused him of subverting a crucially important norm against political prosecution. They said that would be a dangerous turn, and they were right. In much of Latin America, the use of the judicial apparatus as a means to sideline electoral opponents is part of the political culture. In a particularly egregious example, the autocratic Nicaraguan regime of Daniel Ortega arrested more than a dozen of his rivals just months before the November 2021 presidential election, many under treason charges created by a law Mr. Ortega’s government had enacted in December 2020.

☆ Piastri blames inexperience for qualifying setback
▼ + stars: | 2023-04-01 | by ( ) www.reuters.com time to read: +2 min

MELBOURNE, April 1 (Reuters) - McLaren's Formula One rookie Oscar Piastri blamed inexperience for a disappointing qualifying on Saturday ahead of his home Australian Grand Prix debut. The 21-year-old Melbourne-born driver will start 16th in Sunday's race, with British team mate Lando Norris set to line up 13th. Piastri had already been reprimanded, his first in Formula One, after final practice for a breach of the practice start procedures. "After he slowed down considerably, the team warned him to complete the lap before attempting a practice start and therefore he did not go through the full practice start procedure. "The driver candidly admitted his mistake and recognised that this could have resulted in a dangerous situation on the track."

China and U.S. flags are seen near a TikTok logo in this illustration picture taken July 16, 2020. Florence Lo | ReutersBEIJING — China says it would "strongly oppose" a forced sale of TikTok, making clear the government's involvement with the social media giant that's trying hard to distance itself from Beijing authorities. ByteDance did not immediately respond to a request for comment on the Chinese Commerce Ministry's remarks. But the commerce ministry's claim of control over a TikTok sale or spinoff indicates Beijing wants to be involved. When asked about the commerce ministry's remarks Thursday, TikTok's CEO said the app isn't available in mainland China and is based in Los Angeles.

"This is not a good moment for American diplomacy," said William Kirby, a professor of Chinese studies at Harvard University. A source familiar with that conversation called it the most antagonistic U.S.-China engagement since contentious talks in Alaska early in the Biden administration. Name me one," Biden said in his speech, evidently referring to a host of domestic and foreign policy challenges facing China. However, Biden is likely to find Xi emboldened in any call after a Chinese-brokered rapprochement between Saudi Arabia and Iran and his meetings with Putin. Reporting by David Brunnstrom and Michael Martina Editing by Don Durfee and Alistair BellOur Standards: The Thomson Reuters Trust Principles.

The stand-off could threaten the government's revived push to advance lithium projects and make batteries, including through a recent deal with a Chinese consortium led by the world's largest battery maker CATL. Local authorities pledged to try to ease the tensions. "We are going to redouble our efforts as authorities ... so that this mobilization is lifted," said Jhonny Mamani, Potosi governor. Officials blamed the protests on misinformation campaigns and urged Bolivians to allow projects to move ahead or risk losing the chance to develop lithium resources. Reporting by Daniel Ramos and Monica Machicao; Writing by Anna-Catherine Brigida; Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.

☆ Europe didn't roll back post-2008 banking rules. That was smart
▼ + stars: | 2023-03-15 | by ( Anna Cooban | ) edition.cnn.com time to read: +6 min

London CNN —Shares in European banks slumped Wednesday as speculation about the health of Credit Suisse (CSGKF) reignited the market turmoil sparked by the collapse of Silicon Valley Bank. Europe’s benchmark Stoxx Europe 600 Banks index, which tracks 42 big EU and UK banks, has fallen 13% since last Wednesday’s close. In 2018, former President Donald Trump watered down key parts of the Dodd-Frank Act, which set stricter rules for the banking sector. But European banks are required to hold capital to cover the risk of a large and sudden change in borrowing costs. “This means that European banks have less exposure to market risk on bonds, despite a similar rise in yields,” Moody’s said in its note.

☆ Russia's Navalny dedicates his part in Oscar movie to those fighting dictatorship
▼ + stars: | 2023-03-15 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Evgenia NovozheninaMarch 15 (Reuters) - Jailed Russian opposition politician Alexei Navalny on Wednesday dedicated his part in an Oscar-winning film about him to those fighting against dictatorship and war. Director Daniel Roher's film "Navalny", about the poisoning that nearly killed Russia's most prominent opposition figure and his detention upon returning to Moscow in 2021, won the Oscar for best feature documentary on Sunday. In the film, Navalny and Grozev pinned responsibility for the poisoning episode on a team of agents from the FSB state security service. After returning from Germany, where he recovered from the poisoning, Navalny was immediately detained. He is now serving time on charges of fraud and contempt of court that he says were trumped up to silence him.

☆ 'Navalny,' portrait of Kremlin critic, wins best documentary Oscar
▼ + stars: | 2023-03-13 | by ( Mary Milliken | ) www.reuters.com time to read: +3 min

[1/3] A still image taken from video footage shows law enforcement officers speaking with Russian opposition leader Alexei Navalny before leading him away at Sheremetyevo airport in Moscow, Russia January 17, 2021. REUTERS/Reuters TV/File PhotoLOS ANGELES, March 12 (Reuters) - The film "Navalny" about the poisoning that nearly killed Alexei Navalny, Russia's most prominent opposition leader, and his detention upon his 2021 return to Moscow, won the Oscar for best feature documentary on Sunday. In the documentary, Navalny works with investigative news outlet Bellingcat and they unmask FSB agents sent to poison Navalny in 2020. He decides to return to Russia in January 2021 with Yulia and throngs of supporters await his arrival. At the end of the film, Navalny is asked what his message would be to the Russian people if he were killed.

☆ Filmmaking duo behind 'Everything Everywhere' win directing Oscar
▼ + stars: | 2023-03-13 | by ( ) www.reuters.com time to read: +2 min

By Lisa RichwineLOS ANGELES, March 12 (Reuters) - Daniel Kwan and Daniel Scheinert, the filmmakers who brought to life the off-kilter action-adventure movie "Everything Everywhere All at Once," won the Academy Award on Sunday for best director. It was the first Oscar for Kwan and Scheinert, who became friends in college and are known professionally as the Daniels. It starred Harry Potter actor Daniel Radcliffe as a farting corpse, the only companion for a man stranded on a deserted island. Prior to their movie careers, Kwan and Scheinert, both 35, directed music videos for artists including DJ Snake and Jack Johnson. On Sunday, the duo beat celebrated filmmaker Steven Spielberg, "Banshees of Inisherin" director Martin McDonagh and others who were nominated for the directing prize.

Search resuls for: "Daniel R"

25 mentions found