DIRS.INFO The most relevant business & tech news

☆ Tattooed Mexican cat seeks new home after life behind bars
▼ + stars: | 2023-02-23 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Jose Luis GonzalezMEXICO CITY, Feb 22 (Reuters) - Wanted: A new home for a one-of-a-kind feline in Mexico. Authorities say they are now looking for the right family to take the cat, which is not for sale, into their home. "The cat is very sociable, and is in great shape, with no infections," Cesar Rene Diaz, ecology director for the city of Juarez, told Reuters. A committee of city authorities will make the final decision about the adoption before presenting the cat to its new family in a ceremony on March 1. Reporting by Reuters TV; Writing by Brendan O'Boyle; Editing by Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

☆ The new Bing is acting all weird and creepy — but the human response is way scarier
▼ + stars: | 2023-02-23 | by ( Adam Rogers | ) www.businessinsider.com time to read: +12 min

It's a profit-making move designed to leverage our very human tendency to see human traits in nonhuman things. Look, I don't think we don't need to treat chatbots with respect because they ask us to. Making chatbots seem as if they're human isn't just incidental. So the real issue involving the current incarnation of chatbots isn't whether we treat them as people — it's how we decide to treat them as property. The robots don't care."

☆ German exports to China decline in January despite lifting of lockdown
▼ + stars: | 2023-02-21 | by ( ) www.reuters.com time to read: +1 min

Exports to China fell by 7.1% in January compared with the same month last year, to 7.4 billion euros ($7.90 billion). By comparison, exports to the United States grew by 20.8% to 12 billion euros, with the world's largest economy retaining its place as the most important customer for goods made in Germany. While goods worth around 298 billion euros were traded between the two countries last year, exports of German goods to China increased by only 3.1%, to around 107 billion euros. Germany, on the other hand, imported goods worth 191 billion euros from China, a third more than in 2021. Overall, Germany had a trade deficit with China of around 84 billion euros in 2022, a situation that German Finance Minister Christian Lindner called a "dangerous development".

☆ Travel demand is hot, but some prices may cool: These are the stocks for spring break and beyond
▼ + stars: | 2023-02-18 | by ( Michelle Fox | ) www.cnbc.com time to read: +9 min

Last week, Hilton Worldwide CEO Chris Nassetta said, "The demand trends here and now are really strong." In the home-rental space, Airbnb also said it was seeing continued strong demand at the start of 2023. China's reopening from its Covid lockdown is also helping propel travel demand, as well as the tick up in business travel, she said. "The trends have been really strong since January," he said. Airlines like Delta, American Airlines and United Airlines cited strong travel demand and higher fares for fueling their strong fourth-quarter earnings — as well as for forecasts for this year.

☆ Michigan State Shooting Suspect Had Two Handguns and a Note Making Threats
▼ + stars: | 2023-02-16 | by ( Joe Barrett | ) www.wsj.com time to read: 1 min

Police said the man who killed three students and critically injured five others on Monday night at Michigan State University in East Lansing, Mich., was carrying two handguns and a note threatening several businesses and institutions and stating potential reasons for some of the threats, but officials said Thursday they couldn’t give a definitive motive. Anthony McRae , the 43-year-old Lansing, Mich., man who police say shot and killed himself as officers approached him hours after the attack, was carrying two 9mm handguns, multiple magazines filled with 9mm ammunition and two empty magazines, said Lt. Rene Gonzalez of the Michigan State Police. He had purchased the weapons legally, officials said, but they weren’t registered.

☆ China remains Germany's main trading partner for seventh year
▼ + stars: | 2023-02-08 | by ( ) www.reuters.com time to read: +2 min

BERLIN, Feb 8 (Reuters) - Trade between Germany and China rose to a record level last year, making the Asian country Germany's most important trading partner for the seventh year in a row despite political warnings in Berlin about excessive dependence. In 2022, Germany imported goods worth 191 billion euros from China, a third more than in 2021. Exports of German goods to China increased by only 3.1% to around 107 billion euros. Overall, Germany had a trade deficit with China of around 84 billion euros. The United States is much more important for German exporters than China, Zenglein said.

☆ Arm CEO says firm fully committed to a market listing this year
▼ + stars: | 2023-02-07 | by ( Stephen Nellis | ) www.reuters.com time to read: +2 min

SAN FRANCISCO, Feb 7 (Reuters) - The chief executive of Softbank-owned British chip technology firm Arm told Reuters on Tuesday that the company is committed to a stock market float this year. Arm makes money off upfront licensing deals with such companies and then a royalty on each chip sold using its technology. Arm said per-chip royalties, which are steadier than its deal-making business, were up 12% to $446 million in the quarter. Haas said Arm is "not immune" to the softening smartphone market but that the company has licensed more intellectual property into each chip than in the past. Additional reporting by Muvija M and Paul Sandle; Editing by Alistair Smout and Bill BerkrotOur Standards: The Thomson Reuters Trust Principles.

☆ We've diversified greatly over the last few years, says ARM CEO Rene Haas
▼ + stars: | 2023-02-07 | 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 EmailWe've diversified greatly over the last few years, says ARM CEO Rene HaasRene Haas, Arm CEO joins 'TechCheck' to discuss his thoughts on the company's Q3 results and outlook moving forward.

☆ We have diversified greatly into the cloud, says Rene Haas
▼ + stars: | 2023-02-07 | 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 EmailWe have diversified greatly into the cloud, says Rene HaasRene Haas, Arm CEO, joins 'TechCheck' to discuss his thoughts on the company's Q3 results and outlook moving forward.

☆ Watch CNBC's full interview with Bill CEO René Lacerte
▼ + stars: | 2023-02-06 | 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 EmailWatch CNBC's full interview with Bill CEO René LacerteRené Lacerte, Bill.com founder and CEO, joins 'TechCheck' to discuss the company's reported weak outlook and his thoughts on the future.

☆ U.S. remains biggest destination for German exports for eighth year in a row
▼ + stars: | 2023-02-01 | by ( ) www.reuters.com time to read: +1 min

BERLIN, Feb 1 (Reuters) - The United States remained the most important destination for German exports in 2022 for the eighth consecutive year. Exports of goods reached a record 156 billion euros ($169.31 billion) last year, according to Reuters calculations based on preliminary data from the German statistics office. German exports to the United States in 2022 were well above the previous record of 122 billion euros in 2021. German companies mainly supplied machinery, motor vehicles and automotive parts to the United States. Both the IfW and the DIHK assume that the United States will remain the most important customer for German goods for the foreseeable future.

☆ Brewing EV Pricing War Could Be Great for Car-Buyers
▼ + stars: | 2023-02-01 | by ( Alexa St. John | ) www.businessinsider.com time to read: +4 min

A pricing battle could accelerate EV adoption, but automakers will have to sacrifice profits. Today's pricing war (coupled with new federal EV tax credits) could boost demand, helping automakers to boost volume, further helping with cost. The problem lies in profitabilityBut Tesla and Ford's price cuts mean they'll deprioritize profitability for the time being, and that worries industry analysts. "The current EV price cuts appear to defy logic… This will make the unprofitable low-return EV business that much more challenging until massive scale is achieved." "We view the price war as being good for consumers and it should help with overall EV sales and adoption," Nelson said.

☆ German economy unexpectedly shrinks in Q4
▼ + stars: | 2023-01-30 | by ( ) www.reuters.com time to read: +1 min

BERLIN, Jan 30 (Reuters) - The German economy unexpectedly fell in the fourth quarter, data showed on Monday, a sign that Europe's largest economy may be entering a much-predicted recession as an effect of the Ukraine war. Gross domestic product decreased 0.2% quarter on quarter in adjusted terms, the federal statistics office said. A Reuters poll of analysts had forecast the economy would stagnate. In the previous quarter, the German economy grew slightly by an upwardly revised 0.5% quarter on quarter. The German government last week revised up its economic forecast for 2023 and now foresees GDP growing by 0.2%, up from an autumn forecast of a 0.4% decline.

"They fire, we hire," said Rainer Zugehoer, Chief People Officer at Cariad, the software subsidiary of automaker Volkswagen (VOWG_p.DE). Spooked by inflation and the prospect of recession, Google parent Alphabet (GOOGL.O), Microsoft (MSFT.O) and Facebook owner Meta (META.O) have announced a combined almost 40,000 job cuts. Germany, with one of the world's oldest populations, has gaping holes in its labour force: according to IT industry group Bitkom, 137,000 IT jobs are unfilled. Gerlach added, adding Munich's famed beer festival to the strong labour protections that might prove attractive to the newly jobless. "Bureaucracy in Germany is utterly crippling for most highly-qualified workers when they first encounter it, especially if they don't speak German," said Diana Stoleru of Berlin startup Lendis.

☆ Wehrlein takes the Formula E lead with a double in Diriyah
▼ + stars: | 2023-01-28 | by ( ) www.reuters.com time to read: +1 min

Jan 28 (Reuters) - Porsche's Pascal Wehrlein won his second Formula E race in two days in Saudi Arabia to take the lead in the electric world championship on Saturday. The German beat his British rival Jake Dennis, driving for Porsche-powered Avalanche Andretti and making more overtakes than anyone else, by 1.252 seconds in a repeat of Friday's top two at the Diriyah street circuit. "Our race pace is incredible, again today we had the perfect strategy," said Wehrlein, who started fifth on the grid and became only the fifth Formula E driver to win both races in one weekend. "This weekend will be one I will never forget," added the former Formula One driver, who finished second to Dennis in this month's Mexico City opener. Wehrlein now has 68 points to 62 for Dennis, with Envision Racing's Sebastien Buemi a distant third on 31.

☆ German business morale brightens further in January - Ifo
▼ + stars: | 2023-01-25 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Kai Pfaffenbach/File PhotoBERLIN, Jan 25 (Reuters) - German business morale brightened in January as Europe's largest economy started the new year with easing inflation and an improved outlook, a survey said on Wednesday. The Ifo institute said its business climate index rose to 90.2, in line with consensus according to a Reuters poll of analysts and up from a reading of 88.6 in December. "The German economy is starting the new year with more confidence," Ifo's president Clemens Fuest said. The increase is driven by considerably less pessimistic expectations, while companies were, however, somewhat less satisfied with their current situation, Ifo said. "The Ifo business climate has recovered significantly for the third time in a row as the easing on the gas market further diminished companies' fears of a severe recession," Commerzbank's chief economist Joerg Kraemer said.

☆ German exports to Russia plunge to lowest in two decades
▼ + stars: | 2023-01-24 | by ( ) www.reuters.com time to read: +1 min

German exports to Russia slumped by 45% year-on-year to 14.6 billion euros ($15.9 billion) in 2022, according to preliminary data from the German Committee on Eastern European Economic Relations. Imports from Russia, however, grew by 11% to about 37 billion euros due to high oil and gas prices, the group said in its report. Germany's trade deficit with Russia climbed to a record level of around 22 billion euros as a result, the group's executive director Michael Harms said. The plunge in exports to Russia was most visible in motor vehicles and automotive parts, as well as electrical engineering products, Harms added, while pharmaceutical products and agricultural machinery, sectors which have been excluded from European Union sanctions, remained the top exports. "The outlook for export business with Russia remains bleak," Harms said, adding that goods exports to Russia were likely to settle at a low level in 2023.

☆ Venezuela opposition names committee to manage foreign assets
▼ + stars: | 2023-01-19 | by ( Deisy Buitrago | ) www.reuters.com time to read: +2 min

Venezuela traditionally has only one legislature, but currently has two parallel bodies - one of government-allied lawmakers and another for the opposition. Opposition party members Carlos Millan, Rene Uzcategui, Yon Goicoechea and Fernando Blasi will serve on the committee headed by Gustavo Marcano. Many assets controlled by the opposition have enjoyed the United States' protection against creditors, which this week extended its protection of Citgo for three months. Marcano, Goicoechea and Blasi served on the spending control committee previously operated under the interim government of former opposition leader Juan Guaido. Blasi will also represent the assembly in the United States, while lawmaker Miguel Pizarro will work on the assembly's behalf at the United Nations.

"FTX in my view now gets painted as a crypto problem. I think if you really peel enough onion layers, it's not really a crypto ... problem to happen here, it's fraud. "We talk about this as a crypto problem. But really, this is just fraud, and I think in some ways, not that dissimilar than Bernie Madoff," said Garlinghouse. "When Bernie Madoff occurred, we didn't totally restructure how we thought about oversight and regulation of hedge funds."

☆ Davos panel talks about the prospects in blockchain after the crypto market crash
▼ + stars: | 2023-01-18 | 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 EmailDavos panel talks about the prospects in blockchain after the crypto market crashIn a CNBC panel, co-founder of Celo & President of the Celo Foundation, Rene Reinsberg, CasperLabs co-founder and CTO Medha Parlikar and Chainalysis CEO and co-founder Michael Gronager discuss what’s next for cryptocurrencies after the market crash.

☆ India's Adani partners with Leyland, Ballard to make hydrogen fueled electric truck
▼ + stars: | 2023-01-17 | by ( ) www.reuters.com time to read: +2 min

The project led by Adani, will have Ballard supply the fuel cell engine, while Indian truck maker Ashok Leyland will provide vehicle and technical support for the project. If the devices that do that, electrolysers, are powered by renewable energy, the product is called green hydrogen. The Indian government had recently approved an incentive plan of 174.9 billion rupees ($2.11 billion) to promote green hydrogen and had set green hydrogen consumption targets for some industries earlier this month. Indian companies such as Reliance Industries (RELI.NS), Indian Oil (IOC.NS), NTPC (NTPC.NS), Adani, JSW Energy (JSWE.NS), ReNew Power (RENE.BO) and Acme Solar (ACMO.NS) have big plans for green hydrogen. Adani has a tie-up with French energy company TotalEnergies (TTEF.PA) as part of a deal to form a new green hydrogen project in India.

☆ Noma, One of the World’s Top-Rated Restaurants, Is Closing Its Doors
▼ + stars: | 2023-01-09 | by ( Alyssa Lukpat | ) www.wsj.com time to read: 1 min

Noma, the Danish restaurant considered one of the best in the world, said Monday that it would close its doors next year and reopen as a test kitchen. “To continue being noma, we must change,” Noma’s owner René Redzepi said on the restaurant’s website, without elaborating why the restaurant was closing to regular service in the winter of 2024.

☆ Noma to reinvent Michelin-starred restaurant as new food 'lab'
▼ + stars: | 2023-01-09 | by ( ) www.reuters.com time to read: +1 min

[1/2] Rene Redzepi, the head chef of Noma in Copenhagen, talks during an interview with Reuters at Noma at Mandarin Oriental Tokyo February 10, 2015. REUTERS/Yuya ShinoCOPENHAGEN, Jan 9 (Reuters) - Noma will close as a full-time restaurant in 2025, with the $505 per head foodie favourite focusing on pop-ups and innovation instead in order to secure a long-term future. "In 2025, our restaurant is transforming into a giant lab - a pioneering test kitchen dedicated to the work of food innovation and the development of new flavors," Noma said in a posting announcing the move on its website. "Our goal is to create a lasting organization dedicated to groundbreaking work in food," said Noma, whose name is a play on the Danish words "nordisk mad", meaning "Nordic food". ($1 = 6.9350 Danish crowns)Reporting by Nikolaj Skydsgaard; Editing by Alexander SmithOur Standards: The Thomson Reuters Trust Principles.

☆ UK PM reportedly restarts talks with SoftBank about listing Arm in London
▼ + stars: | 2023-01-09 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

SoftBank has stopped working on a London initial public offering for chip designer Arm because of political upheaval in the British government, the Financial Times reported. British Prime Minister Rishi Sunak reportedly reopened negotiations with the CEOs of SoftBank and Arm, in a renewed attempt to have the chip designer list its shares in London. Sunak is the third British prime minister to try to convince SoftBank to list its Arm division in the U.K. since a proposed buyout of Arm by Nvidia was scrapped. In May, former PM Boris Johnson wrote to SoftBank appealing for the Japanese firm to list Arm in London. With 6,000 staff globally and 3,000 in the U.K., Arm is widely regarded as the jewel in the crown of the British tech industry.

☆ British PM Sunak revives talks for Arm's London IPO -FT
▼ + stars: | 2023-01-09 | by ( ) www.reuters.com time to read: +1 min

Jan 9 (Reuters) - British Prime Minister Rishi Sunak has revived talks with Japan's SoftBank Group Corp (9984.T) regarding a London listing for chip designer Arm Ltd, the Financial Times reported on Monday. Sunak met Arm's Chief Executive Rene Haas last month in Downing Street and Masayoshi Son, the billionaire founder of SoftBank, joined via video, the report said, citing people familiar with the matter. The meeting was described as "very constructive" by two people briefed on the matter, and "positive" by another, the FT reported. Arm and SoftBank did not immediately respond to Reuters' request for comment. Reporting by Lavanya Ahire in Bengaluru; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.

Search resuls for: "rene"

25 mentions found