DIRS.INFO The most relevant business & tech news

☆ Reconstruction reveals face of a 17th century ‘vampire’ in Poland
▼ + stars: | 2024-11-07 | by ( Katie Hunt | ) edition.cnn.com time to read: +7 min

The striking 3D reconstruction of Zosia, as locals nicknamed her, sheds light on the human found in the grisly grave. Archaeologist Dariusz Poliński, who led the team that unearthed Zosia’s remains, said it was a “mind-blowing” moment when he saw the reconstruction by Swedish forensic artist Oscar Nilsson for the first time. During the course of the 17th century, Poland and Sweden fought a series of wars, so Zosia could have been an outsider within her community. “Maybe because of some misfortune or the death of somebody else, they decided to open the grave,” Poliński suggested. A year after discovering Zosia’s grave, the same team found a child’s remains buried in an unusual way.

Persons: Dariusz Poliński, Oscar Nilsson, ”, Poliński, Nilsson, “ I’m, “, Zosia, ” Poliński, Martyn Rady, Rady, ’, Habsburg Organizations: CNN, Nicolaus Copernicus University, Caravan Media, PBS, Masaryk, Central, University College London Locations: Poland, Toruń, Scandinavia, Sweden, Europe, Swedish, feasted, Austrian, Pień, Dąbrowa

☆ Back from the dead: Scientists rebuild the face of 400-year-old Polish ‘vampire’
▼ + stars: | 2024-10-31 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +2 min

Nicolaus Copernicus University / Oscar Nilsson via ReutersZosia, as she was named by locals, was found in 2022 by a team of archaeologists from Torun’s Nicolaus Copernicus University. The sickle, the padlock and certain types of wood found at the grave site were all believed at the time to hold magical properties protecting against vampires, according to the Nicolaus Copernicus team. Among the other bodies found at the site was a “vampire” child, buried face down and similarly padlocked at the foot. “It’s emotional to watch a face coming back from the dead, especially when you know the story about this young girl,” Nilsson says. Nilsson said he wanted to bring Zosia back “as a human, and not as this monster that she is buried as.”

Persons: Zosia ”, ”, “, Oscar Nilsson, Nicolaus Copernicus, Torun’s Nicolaus, Nilsson, Zosia’s, ” Nilsson Organizations: Nicolaus Copernicus University, Reuters Zosia, Torun’s Nicolaus Copernicus University Locations: Pien, Poland, Swedish, Torun’s, Bydgoszcz

☆ How Tim Walz made Minnesota a 'roadmap' for progressive economic policy
▼ + stars: | 2024-09-02 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +7 min

Governor Tim Walz delivers remarks at the Milwaukee Area Labor Council's Laborfest 2024 on September 2nd, 2024 at the Summerfest Grounds, in Milwaukee, Wisconsin. Tim Walz, Minnesota has expanded union protections, approved over $1 billion in housing resources, enacted universal paid family and medical leave, funded free school lunches, hiked corporate taxes and more. "It's a roadmap for sure," Amy Koch, a Republican strategist who formerly served as a Minnesota state senator, told CNBC. Already, several of the economic priorities of the Harris campaign mirror policies that were championed by Walz in Minnesota. Tim Walz listens to homeless constituents after being elected to his first term in 2018.

Persons: Tim Walz, Sara Stathas, Harris, Walz, I've, Bernie Burnham, Kamala Harris, Amy Koch, Kevin Lamarque, Joe Biden's, Gabby Giffords, Brian Snyder, Jeff Hayden, Hayden, Elianne Farhat, Mills, Bauer, Griffin, Doug Loon, Loon, Burnham, Charles Lutvak, Monica Nilsson Organizations: Milwaukee Area Labor, Washington Post, North Star State, Minnesota AFL, CNBC, Democratic Gov, Republican, Democratic, Minnesota, Reuters, Child Tax, Farmer, Labor, DFL, Senate, House, Minnesota Democrats, Fortune, Target, AaronP, Minnesota Chamber of Commerce, Minnesota Gov, Minnesota Housing Locations: Milwaukee , Wisconsin, Minnesota, Tim Walz , Minnesota, Minnesota . U.S, U.S, America, Minnesota's, Minneapolis , Minnesota, UnitedHealth

☆ Molly Nilsson’s Synth-Pop Puts Politics Front and Center
▼ + stars: | 2024-07-24 | by ( Shaad D Souza | ) www.nytimes.com time to read: +1 min

Nothing in this world is certain except death and taxes, and Molly Nilsson writes songs about both. The Swedish-born singer began her career making hazy synth-pop tracks, with titles like “More Certain Than Death” and “I Hope You Die,” that suggested love and mortality were always intertwined. But, over the past decade, politics has increasingly shaded her work: A Nilsson record might be the only place where references to late capitalism and the trickle-down economy feel perfectly at home in a pop song. Over her 16-year career, Nilsson, 39, has established a cult following while working outside the music industry’s norms. For years, she pressed her own records and hawked them around record stores herself.

Persons: Molly Nilsson, ”, Nilsson, that’s, ” Nilsson Organizations: Vogue Locations: Swedish, Berlin

☆ Live updates: Israel-Hamas war, looming Rafah invasion, Israel Eurovision participation
▼ + stars: | 2024-05-10 | by ( Kathleen Magramo | ) edition.cnn.com time to read: +2 min

Police face pro-Palestinian protesters in central Malmo during the 68th edition of the Eurovision Song Contest (ESC) in Malmo Arena, Sweden, on May 9. More than 150 million people around the world will watch Saturday's Eurovision final on TV, and around 15,000 fans will gather inside the Malmo Arena. Those protesting or boycotting the song contest say it is “artwashing” the conflict; others defend Israel’s inclusion, insisting the contest should not be dragged into geopolitics. And they are leading to perhaps the tensest three minutes in the contest’s history, when Israel’s competitor, Eden Golan, performs live. “I would imagine the scale of it in Malmo would be bigger than anything we’ve ever seen before.”Read the full analysis.

Persons: Johan Nilsson, ” Paul Jordan, ”, Weeks, Eden Golan, ” Jordan, “ Organizations: Malmo Arena, Getty, Music, Malmo, Eurovision, CNN Locations: Malmo, Sweden, AFP, Swedish, Gaza, Israel

☆ Israel could win Eurovision. That would cause major headaches for the song contest’s organizers
▼ + stars: | 2024-05-07 | by ( Rob Picheta | ) edition.cnn.com time to read: +13 min

But this year, “the presence of Israel has become such a big issue (that) I think it’s going to overshadow the event,” he said. And they are leading perhaps the tensest three minutes in the contest’s history, when Israel’s competitor, Eden Golan, performs live. It doesn’t make sense,” Bambie Thug, Ireland’s participant, told CNN of extensive rules restricting any form of pro-Palestinian statement during the event. Ireland's Bambie Thug told CNN they disagreed with Israel's involvement in the competition. Long-standing rules preventing flags of non-competing countries and territories mean that Palestinian flags are banned from the crowd, which Bambie Thug told CNN they “100%” disagreed with.

Persons: Eden Golan, Benjamin Netanyahu, Golan, ”, Jessica Gow, ” Paul Jordan, Weeks, Johan Nilsson, Israel, Noel Curran, KAN, Bambie Thug, Patricia J, Garcinuno, ” Curran, “, Fredrik Persson, –, ” Jordan, SuRie, Karin Karlsson, Karlsson, ” Elina Pahnke, Saturday’s, Mohammad Ghannam, ” Lara Yosef, ” Yosef, ” Bambie Thug, Alyona Alyona Organizations: CNN, Music, Malmo, Eurovision, European Broadcasting Union, EBU, Getty, TT, Agency, Reuters, Israel, RAI, United, AFP, Malmo Arena, Artists, Aftonbladet, Israel’s National Security Council Locations: Swedish, Malmo, Israel, Gaza, Israel's, AFP, Ukraine, United Kingdom, Azerbaijan, Russia, Stockholm, Sweden's, seeping, Sweden’s Palestinian, Denmark, Norway, Sweden, “

☆ Eurovision braces for its most tense contest yet, as protesters and artists bristle at Israel’s presence
▼ + stars: | 2024-05-06 | by ( Rob Picheta | ) edition.cnn.com time to read: +10 min

The competition – which tries desperately to retain its “apolitical” tag – has become the largest cultural event so far to be rocked by the repercussions of Israel’s war in Gaza. Those protesting or boycotting the song contest claim it is “artwashing” the conflict; others defend Israel’s inclusion, insisting the contest should not be dragged into geopolitics. It doesn’t make sense,” Bambie Thug, Ireland’s participant, told CNN of extensive rules restricting any form of pro-Palestinian statement during the event. Ireland's Bambie Thug told CNN they disagreed with Israel's involvement in the competition. Long-standing rules preventing flags of non-competing countries and territories mean that Palestinian flags are banned from the crowd, which Bambie Thug told CNN they “100%” disagreed with.

Persons: ” Paul Jordan, ”, Weeks, Eden Golan, ” Jordan, “, Carlos Garcia Rawlins, Bambie Thug, Patricia J, Garcinuno, Noel Curran, KAN, ” Curran, Golan, Fredrik Persson, –, SuRie, Karin Karlsson, Karlsson, ” Elina Pahnke, Johan Nilsson, Saturday’s, Mohammad Ghannam, ” Lara Yosef, ” Yosef, ” Bambie Thug, Alyona Alyona Organizations: CNN, Music, Malmo, Eurovision, European Broadcasting Union, EBU, TT, Agency, AFP, Getty, Malmo Arena, Artists, Aftonbladet, Israel’s National Security Council Locations: Swedish, Gaza, Israel, Malmo, Azerbaijan, Russia, Ukraine, Stockholm, Sweden's, seeping, Sweden’s Palestinian, Denmark, Norway, Sweden, “

☆ The husband and wife team behind 'The Fall Guy' reveal how their own love affair inspired stars Emily Blunt and Ryan Gosling
▼ + stars: | 2024-05-03 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +8 min

Their latest film, "The Fall Guy," looks to continue that streak of success. 'The Fall Guy' evolved from film noir to action rom-comRyan Gosling plays stuntman Colt Seavers in "The Fall Guy." Eric Laciste/Universal Pictures"The Fall Guy" movie adaptation had been bouncing around Hollywood for decades, with everyone from Nicolas Cage to Dwayne "The Rock" Johnson attached to star. AdvertisementIn "The Fall Guy," Gosling's Colt must clear his name after footage appears to implicate him in the death of another stuntman. AdvertisementThe Taylor Swift song "All Too Well" wasn't originally in the movieRyan Gosling and Emily Blunt in "The Fall Guy."

Persons: —, David Leitch, Kelly McCormick, they've, Shaw, Guy, it's, Lee Majors, Colt Seavers, Ryan Gosling, Jody Moreno, Emily Blunt, Leitch, McCormick, who's, Brad Pitt, McCormack, Gosling, Blunt's, Eric Laciste, Nicolas Cage, Dwayne, Johnson, David, Blunt, Jody, Emily, " Leitch, Ryan, Leitch David Leitch, Kiss, Yungblud, I'm, Tom Cruise's, Taylor, Colt, Harry Nilsson's, Taylor's Organizations: Service, Business, Pictures, Universal, Colt, deepfakes, Hollywood Locations: Hollywood

☆ Fashion designer Roberto Cavalli, renowned for fierce animal prints and riviera chic, dies at 83
▼ + stars: | 2024-04-12 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +5 min

CNN —Roberto Cavalli, the Italian fashion designer who made his mark on the fashion world with distinctive, glamorous animal prints, has died at the age of 83. Roberto Cavalli walks the runway after a fashion show showcasing his label's designs in Budva, Montenegro on June 10, 2013. Along with animal prints and intarsia leather, denim became a core element of his signature style, leading to the establishment of a more youthful offshoot brand, Just Cavalli, in 1998. Flanked by models in quintessential Cavalli florals and animal prints, Roberto Cavalli takes his bow after his label's Spring-Summer 2015 menswear show at Milan Fashion Week on June 24, 2014. “Dear Roberto, you may not be physically here with us anymore but I know I will feel your spirit with me always.

Persons: CNN — Roberto Cavalli, ” Roberto Cavalli, Francois Guillot, Roberto Cavalli’s, ” Cavalli, Giuseppe Rossi, Cavalli, Pierre Cardin, ” ’ Cavalli, ”, Roberto Cavalli, Savo Prelevic, Eva Maria Düringer, Düringer, Miss Austria, — Cavalli, —, Sandra Nilsson, animalism, Daniele Venturelli, Peter Dundas, Dundas, Paul Surridge, Fausto Puglisi, Puglisi, “, Roberto, ” Puglisi Organizations: CNN, Milan, Getty, Florence’s Academy of Art, Miss, Oxford University, Metropolitan Museum of Art Locations: AFP, Florence, Hermès, Paris, Milan, Saint, Budva, Montenegro, Austrian, New York, Dubai

☆ Thomson Reuters Buys Majority Stake in Pagero
▼ + stars: | 2024-01-15 | by ( P.R. Venkat | ) www.wsj.com time to read: 1 min

The Thomson Reuters logo is pictured on a building in the Manhattan borough of New York City. Photo: carlo allegri/ReutersThomson Reuters said it has bought a majority stake in the Pagero Group , taking it closer toward full control of the latter. Apart from the key shareholders, including Summa Equity, Pagero’s chief executive Bengt Nilsson, several members of the management team and employees, have sold their stock to the company, Thomson Reuters said Monday.

Persons: carlo allegri, Reuters Thomson, Bengt Nilsson, Thomson Organizations: Thomson Reuters, Reuters, Reuters Thomson Reuters, Pagero, Summa Equity Locations: Manhattan, New York City

☆ In the Dream Orchestra, many musicians never played an instrument before joining
▼ + stars: | 2024-01-13 | by ( Catherine E. Shoichet | ) edition.cnn.com time to read: +24 min

I think they thought I was crazy.”Many of the Dream Orchestra’s members had never played an instrument before they joined. Ron Davis Álvarez, Dream Orchestra founder and artistic directorThe small ensemble rehearsed on Fridays and Saturdays. He'd never played an instrument before joining the Dream Orchestra. Mushtaq Khorsand asked to join the Dream Orchestra after seeing how joyful his friends were during a performance. So if I wasn’t part of Dream Orchestra and (hadn’t) met Ron, I don’t where I would be,” he says.

Persons: Ron Davis Álvarez, He’d, ” Álvarez, hadn’t, they’d, Álvarez, Venezuela’s, he’d, It’s, Gustavo Bandres, “, Mostafa, ” Kazemi, Kazemi, —, –, Mostafa Kazemi, He'd, ”, Ron, Mushtaq Khorsand, ” Khorsand, Khorsand, He's, Rey, He’s, he’s, Carlos Medrano y Ritmos Ciganos Carlos Garcia, isn’t, it’s, Johan Nilsson, Tymofii Slakva, Tim, Slakva, ” Slakva, Azra Avci, Andrea Spehar, Anna Svanberg, they’ve, ‘, hasn’t, Scheherazade, Richard Meyer Organizations: CNN, Volunteers, El, El Sistema, Sistema, Orchestra, Dream Orchestra, Dream, Gothenburg Symphony, Training, YouTube, University of Gothenburg, ” Locations: Stockholm, Venezuelan, Sweden, Syria, Afghanistan, El Sistema Sweden, Gothenburg, It’s, El, Caracas, Eritrea, Albania, Malmo, Swedish, Ukraine, France, Álvarez, United Kingdom, Lebanon

☆ Danish dockworkers join Swedish strike action against Tesla
▼ + stars: | 2023-12-05 | by ( ) www.reuters.com time to read: +1 min

A view shows the ship Malacca Highway at shore as port workers are blocking the loading of Tesla vehicles, in Malmo, Sweden, November 7, 2023. Johan Nilsson/TT News Agency/via REUTERS/File Photo Acquire Licensing RightsHELSINKI, Dec 5 (Reuters) - Denmark's 3F labour union said on Tuesday it will support Swedish mechanics in their strike action against Tesla (TSLA.O), and will refuse to unload or transport cars made by the U.S. auto company for customers in Sweden. "Like the companies, the trade union movement is global in the fight to protect workers," 3F Chair Jan Villadsen said in a statement, adding that Sweden's IF Metall union had asked 3F to help. The strike by Danish dockworkers and lorry drivers only affects cars that are meant for the Swedish market, the union said. Swedish labour groups have been taking industrial action against Tesla since October in a bid to force the car manufacturer to sign collective bargaining agreements with mechanics.

Persons: Johan Nilsson, Jan Villadsen, Tesla, Essi Lehto, Terje Solsvik Organizations: TT, Agency, Rights, U.S, IF Metall, Thomson Locations: Malacca, Malmo, Sweden, Swedish, Danish

☆ I've stayed at the cheapest hotels Disney World and Universal Orlando have to offer. Only one blew me away.
▼ + stars: | 2023-11-29 | by ( Amanda Krause | ) www.businessinsider.com time to read: +5 min

I stayed at the cheapest hotels onsite at Disney World and Universal Orlando earlier this year. That's what I thought until one trip to a Universal Orlando value hotel. While Disney World is home to princesses, Star Wars characters, Marvel superheroes, and Pixar cartoons, Universal Orlando boasts Harry Potter, Minions, and Transformers. Abigail Nilsson/Getty ImagesWhere Universal may have Disney beat: value hotel roomsI've stayed at Disney World's value resorts on multiple occasions throughout my life. I love staying at Disney World's value resorts overall, but based on this experience, I think Universal Orlando offers better rooms.

Persons: —, I've, you'll, Marvel, Harry Potter, Abigail Nilsson, Amanda Krause, I'm Organizations: Disney World, Universal Orlando, Universal, Service, Disney, Sports, Hollywood Studios, Magic, Universal Studios, Wars, Pixar, Star Resorts Locations: Orlando , Florida, Universal Orlando, Magic Kingdom, Animal Kingdom, EPCOT

☆ Union pressure on Tesla grows in Sweden as dockworkers expand strike
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +3 min

A view shows the ship Malacca Highway at shore as port workers are blocking the loading of Tesla vehicles, in Malmo, Sweden, November 7, 2023. Dockworkers joined the strike by mechanics on Nov. 7, blocking Sweden's four largest ports to Tesla cars. So far, unions in the United States and Germany have failed to force the company to accept collective bargaining agreements. In addition to dockworkers, unionised cleaners are refusing to clean Tesla buildings and postal workers have stopped delivering mail. In the 1990s, American toy company Toys "R" Us signed a collective bargaining agreement with its 130 Swedish employees after a three month strike.

Persons: Johan Nilsson, Tesla, Elon Musk, Dockworkers, Musk, Torbjorn Johansson, Norway's Fellesforbundet, Marie Mannes, Louise Rasmussen, Johan Ahlander, Johannes Birkebaek, Simon Johnson, Mark Potter Organizations: TT, Agency, Rights, U.S, Swedish, IF Metall, Hydro Extrusions, Hydro, Thomson Locations: Malacca, Malmo, Sweden, Rights STOCKHOLM, Dockworkers, United States, Germany, American

☆ Tesla's problems in Sweden are getting worse as dockworkers refuse to unload its EVs from ships
▼ + stars: | 2023-11-17 | by ( Polly Thompson | ) www.businessinsider.com time to read: +4 min

The mechanics' trade union is ramping up efforts after talks stalled again this week. AdvertisementThe labor dispute over Tesla's refusal to sign a collective wage agreement in Sweden has escalated into a dramatic labor battle. Unions representing multiple industries announced this week that they would join the strike in solidarity with IF Metall, the Tesla mechanics' trade union. The cleaners were joining the labor action "simply because the [IF] Metall Workers Trade Union asked us to," ombudsman Torbjörn Jonsson told Wired. In Germany, the largest labor union secured a 4% pay rise for 11,000 staff at Teslas Berlin Gigafactory.

Persons: Tesla, —, it's, who've, JOHAN NILSSON, Getty, Torbjörn Jonsson, IG Metall Organizations: Service, IF Metall, Metall, Workers, Union, Tesla, Wired, Metall Workers Trade Union, Teslas Berlin Locations: Sweden, Swedish, Malmo, Germany, Grünheide

☆ Sweden's SBB posts bigger Q3 loss
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Marie Mannes/File Photo Acquire Licensing RightsSTOCKHOLM, Nov 13 (Reuters) - Debt-laden Swedish property group SBB (SBBb.ST) reported a widening of its pre-tax loss in the third quarter on Monday. The landlord, which owns properties across Sweden including hospitals and care homes, reported a pre-tax loss of 3.13 billion Swedish crowns ($287 million) for continuing operations, compared to a loss of a revised 2.56 billion a year ago. This was weaker than Carlsquare analyst Bertil Nilsson's expectation of a loss of 2 billion crowns. SBB slashed its property values by 3.52 billion crowns in the quarter, after analysts had warned property values in the sector could continue to see pressure from high interest rates. Its net operating income came in at 0.93 billion crowns, down from revised 1.02 billion a year earlier.

Persons: Marie Mannes, Bertil Nilsson's, Greta Rosen Fondahn, Terje Solsvik Organizations: SBB, REUTERS, Rights, Brookfield, Thomson Locations: Stockholm, Sweden, Rights STOCKHOLM, Swedish

☆ The face of Juanita, the ‘Ice Maiden’ mummy, has been revealed
▼ + stars: | 2023-11-03 | by ( Manav Tanneeru | Ashley Strickland | ) edition.cnn.com time to read: +7 min

Reinhard and Zarate spotted a bundle of cloth, and lifting it, they found themselves looking into the Ice Maiden’s face. Studies have revealed that Juanita was a healthy girl between 13 and 15 when she died from a blow to the head. Nilsson used tissue depth markers based on the measurements of her skull to envision the proportions of her face, which included high cheekbones. Tissue depth markers and CT scans helped Oscar Nilsson reconstruct the Ice Maiden's face. For the researchers who have spent years studying Juanita, the arduous process to bring her back to life was worth it.

Persons: ” Juanita, Ampato, Oscar Nilsson, Juanita, ”, Dagmara, bioarchaeologist, Socha, Johan Reinhard, Miguel Zarate, Reinhard, Zarate, Nilsson, ” Nilsson, capacocha, —, Pichu, ” Socha Organizations: CNN, Center, Andean Studies, University of Warsaw, Catholic University of Santa, Sanctuaries, Centro Textiles, Visitors Locations: Ampato, Swedish, Peru, Peruvian, Chile, Catholic University of Santa María, Chinchero, Cusco, Inca, Chachani

☆ Researchers reconstruct the face of a teenage mummy believed to have been sacrificed in an Inca ritual more than 500 years ago
▼ + stars: | 2023-10-26 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

Researchers recreated the face of an Inca girl who was believed to have been sacrificed atop a volcano more than 500 years ago. AdvertisementAdvertisementArcheologists have recreated the possible face of Peru's famous mummy — a teenage girl believed to have been sacrificed in an Inca ritual to the gods more than 500 years ago in the Andes. "I thought I'd never know what her face looked like when she was alive," Reinhard told The Associated Press. Oscar Nilsson, the Swedish archeologist and sculptor, told The AP he spent about 400 hours of work on modeling Juanita's face. AdvertisementAdvertisementAnthropological studies put Juanita's likely age between 13 and 15 years old when she died sometime between 1440 and 1450 AD.

Persons: —, Ampato, Juanita, Johan Reinhard, Miguel Zárate, I'd, Reinhard, Oscar Nilsson, Dagmara, Juanita's Organizations: Service, Associated Press, Sanctuaries, Catholic University of Santa, AP, University of Warsaw's Center, Andean Studies, Johns Hopkins University, BBC, Penn Museum's Expedition Locations: Swedish, Peru, Catholic University of Santa Maria, Arequipa, Polish

LIMA, Peru (AP) — The possible living face of Peru’s most famous mummy, a teenage Inca girl sacrificed in a ritual more than 500 years ago atop the Andes, was unveiled Tuesday. The silicone-made bust portrays a young woman with pronounced cheekbones, black eyes and tanned skin. Political Cartoons View All 1218 Images“Now 28 years later, this has become a reality thanks to Oscar Nilsson’s reconstruction,” he said. According to anthropological studies, Juanita was sacrificed between A.D. 1440 and 1450, when she was between 13 and 15 years old. “These findings have helped us better understand her life and the Inca culture," he said.

Persons: I’d, ”, Johan Reinhard, Juanita ”, ” Reinhard, Oscar Nilsson’s, Nilsson, Dagmara, Juanita, Reinhard Organizations: Sanctuaries, Catholic University of Santa, Associated Press, University of Warsaw’s Center, Andean Studies, Johns Hopkins University Locations: LIMA, Peru, Swedish, Catholic University of Santa Maria, Arequipa, “, U.S, Polish

☆ Airline SAS says investment firm Castlelake, Air France-KLM to become new shareholders
▼ + stars: | 2023-10-03 | by ( ) www.reuters.com time to read: +1 min

TT News Agency/Johan Nilsson via REUTERS/File Photo Acquire Licensing RightsCOPENHAGEN, Oct 3 (Reuters) - Scandinavian airline SAS (SAS.ST) said on Tuesday that investment firm Castlelake and Air France-KLM (AIRF.PA) would become new major shareholders in the airline alongside the Danish state following bankruptcy proceedings. Castlelake will take a stake of around 32%, Air France-KLM's will be around 20%, while the Danish state will hold about 26%, SAS said. Lind Invest, a Danish investment firm, will hold 8.6% of equity, SAS said. The company said total investments in the reorganized SAS would amount to 12.9 billion Swedish crowns ($1.16 billion). ($1 = 11.1283 Swedish crowns)Reporting by Jacob Gronholt-Pedersen and Louise Rasmussen, editing by Gwladys FoucheOur Standards: The Thomson Reuters Trust Principles.

Persons: Johan Nilsson, Castlelake, Lind, Carsten Dilling, Dilling, Jacob Gronholt, Pedersen, Louise Rasmussen, Gwladys Organizations: SAS Airbus, Kastrup, Scandinavian Airlines, TT News Agency, REUTERS, Rights, Scandinavian, SAS, Air France, KLM, Air, Lind Invest, Apollo Global Management, Thomson Locations: Kastrup, Denmark, Rights COPENHAGEN, Danish, Air France, Stockholm, United States

☆ Two groups, including Apollo, bidding for SAS airline -Aftenposten
▼ + stars: | 2023-09-29 | by ( ) www.reuters.com time to read: +1 min

[1/3] SAS Link's Embraer E195 aircraft lands at Kastrup Airport, as pilots of Scandinavian Airlines go on strike, in Kastrup, Denmark July 4, 2022. TT News Agency/Johan Nilsson via REUTERS/File Photo Acquire Licensing RightsOSLO, Sept 29 (Reuters) - Two groups of investors, including U.S. private equity group Apollo Global Management (APO.N), are bidding for Scandinavian airline SAS (SAS.ST), Norwegian daily Aftenposten reported on Friday, citing unnamed sources. It was not immediately clear who was leading the second group of investors, the newspaper added. Sources told Reuters in early May that Apollo hoped to take a majority stake in the Nordic airline. SAS had said that any bids in an equity fundraising would need to include the Danish state, which currently has a 22% stake.

Persons: Johan Nilsson, Apollo, Nerijus Adomaitis, Terje Solsvik, Nick Zieminski Organizations: SAS, Embraer, Scandinavian Airlines, TT News Agency, REUTERS, Rights, Apollo Global Management, Reuters, Nordic, Thomson Locations: Kastrup, Denmark, Rights OSLO, United States, Danish

SAS filed for U.S. bankruptcy protection last year as it struggled to slash costs and debt amid strikes by pilots. SAS hopes to raise 9.5 billion Swedish crowns ($863 million) in new equity and convert 20 billion crowns of debt into equity. They could include Sweden's family-owned Wallenberg foundation, which currently holds a 3.4% stake in SAS, or Danish pension funds, he said. Once that is done, SAS can begin proceedings to exit chapter 11 bankruptcy protection, which could be late this year or next year, Pedersen said. It is not clear if SAS will be taken off the Swedish stock market after exiting bankruptcy protection.

Persons: Johan Nilsson, Apollo, Jacob Pedersen, Gerald Engstrom, Pedersen, Johannes Birkebaek, Jacob Gronholt, Mark Potter Organizations: SAS Airbus, Kastrup, Scandinavian Airlines, TT News Agency, REUTERS, Rights, Scandinavia's, SAS, U.S, Italy's ITA Airways, Portugal's TAP, WHO, Apollo Global Management Inc, European Union, Wallenberg, Private, Lufthansa, ITA Airways, Thomson Locations: Kastrup, Denmark, Rights COPENHAGEN, Danish, Copenhagen, EU, Europe, SWEDEN, NORWAY, Swedish, Sweden, Private Swedish

☆ Airline SAS assesses final bids for its bail-out from bankruptcy
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +2 min

TT News Agency/Johan Nilsson via REUTERS/File Photo Acquire Licensing RightsSTOCKHOLM, Sept 26 (Reuters) - Scandinavian airline SAS (SAS.ST) said on Tuesday it was evaluating final bids in an equity fundraising that closed a day earlier, and which is part of an ongoing bankruptcy protection process. The Sweden-listed company, which has been under U.S. "chapter 11" bankruptcy protection since July 2022, has since June extended the deadline for final bids twice, at the request of bidders. "SAS will announce the winning bidder or bidders as soon as the evaluation process has been completed," it said in a statement. The long-struggling carrier reported earlier a net loss of 4.41 billion Swedish crowns ($398 million) for the November through August period. SAS originally aimed to complete its restructuring by July, but the target has slipped to the end of the year.

Persons: Johan Nilsson, Anna Ringstrom, Essi Lehto Organizations: SAS Airbus, Kastrup, Scandinavian Airlines, TT News Agency, REUTERS, Rights, Scandinavian, SAS, Sweden, Reuters, Apollo Global Management Inc, Thomson Locations: Kastrup, Denmark, Rights STOCKHOLM, Sweden

☆ SBB shares up 37% on cash infusion, end of strategy review
▼ + stars: | 2023-09-25 | by ( ) www.reuters.com time to read: +1 min

OSLO, Sept 25 (Reuters) - Shares of Swedish property group SBB (SBBb.ST) rose 37% in early trade on Monday after it announced on Sunday it would reorganise its business, securing an 8 billion crown ($719 million) cash boost and ending a strategic review. "The fact that SBB is freeing up 8 billion crowns must be seen in a very positive light. In a crisis, it is almost all about having liquidity, and SBB is getting it now," Carlsquare analyst Bertil Nilsson said. SBB, which has seen its shares plunge 95% since early 2022 on concerns over the group's viability, also on Sunday presented a decentralised structure to boost its transparency and funding options. ($1 = 11.1296 Swedish crowns)Reporting by Terje Solsvik and Jesus Calero, editing by Anna RingstromOur Standards: The Thomson Reuters Trust Principles.

Persons: Bertil Nilsson, Terje Solsvik, Jesus Calero, Anna Ringstrom Organizations: SBB, EduCo, Brookfield Asset Management, Brookfield, Core Infrastructure Partners, Thomson Locations: OSLO, EduCo, Brookfield, Swedish

☆ Airline SAS extends deadline for equity fundraising
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: +2 min

TT News Agency/Johan Nilsson via REUTERS/File Photo Acquire Licensing RightsSept 11 (Reuters) - Scandinavian airline SAS (SAS.ST), battling to emerge from bankruptcy protection, said on Monday it was extending the deadline for final bids for its equity fundraising by a week to Sept. 25 at the request of bidders. SAS said in May the U.S. court had approved a revised plan to raise equity. Denmark has said it is willing to increase its stake in SAS to around 30% from around 22%, if others investors were to take a majority stake. Reuters reported in May that U.S. asset manager Apollo Global Management Inc (APO.N) planned to apply for approval from Swedish and Danish regulators to take a majority stake in SAS as part its rescue plan. Earlier this month, SAS, which has been under bankruptcy protection since July 2022, posted its first quarterly pretax profit since late 2019.

Persons: Johan Nilsson, Jacob Pedersen, Pedersen, Urvi Dugar, Gokul, David Evans, Mark Potter, Susan Fenton Organizations: SAS Airbus, Kastrup, Scandinavian Airlines, TT News Agency, REUTERS, Scandinavian, SAS, Reuters, Apollo Global Management Inc, Marie Mannes, Thomson Locations: Kastrup, Denmark, Sweden, Bengaluru, Stockholm

Search resuls for: "Nilsson"

25 mentions found