DIRS.INFO The most relevant business & tech news

☆ CEOs around the world started talking about Trump's tariffs as soon as he won
▼ + stars: | 2024-11-08 | by ( Polly Thompson | ) www.businessinsider.com time to read: +8 min

It is months before Trump's inauguration, but tariffs are already on the lips of global business leaders. AdvertisementAs soon as Donald Trump won reelection, CEOs worldwide discussed his plans for a new era of global tariffs. AdvertisementOn Wednesday, Oliver Zipse, chairman of BMW, downplayed fears over tariffs during a third-quarter earnings call, citing the company's large US business. Advertisement"Politics is politics," Ikea's CEO, Jesper Brodin, told Business Insider when asked about how Trump's tariffs would affect international business. Soon after Trump's departure from the White House, the two sides ended their dispute and axed the tariffs, but renewed tariffs could lead to issues once again.

Persons: Donald Trump, Ralph Lauren, —, Trump, he'd, John Deere, Trump's, Shinju Aoyama, Aoyama, Shinji Aoyama, YOSHIKAZU, Piyush Gupta, Gupta, Europe Trump, Davidson, Oliver Zipse, Zipse, Maja Hitij, Arne Freundt, Freundt, Jesper Brodin, Guillaume Faury, Faury, OZAN KOSE, Martin Sorrell, Sorrell, Justin Picicci, Ralph Lauren's, Picicci, Timothy Boyle Organizations: BMW, Airbus, Ikea, Service, Biden, Japan's Honda Motors, Honda, Getty, DBS, Mercedes, Volkswagen, Puma, European Union, Boeing, EU, White, North, Columbia, Washington Post Locations: China, Mexico, Europe, AFP

☆ England reaches Euro 2024 final after last-gasp winning goal against the Netherlands
▼ + stars: | 2024-07-10 | by ( Matias Grez | ) edition.cnn.com time to read: +6 min

CNN —Ollie Watkins’ brilliant last-gasp winner earned England a 2-1 win over the Netherlands and a place in Sunday’s Euro 2024 final. Awaiting England in Sunday’s final is the formidable foe of Spain, which has been unequivocally the best team of Euro 2024 so far. After only seven minutes, Simons – named after Barcelona great Xavi Hernández – dispossessed Declan Rice in midfield and stormed towards the England penalty area, before unleashing an unstoppable shot past Jordan Pickford and into the top corner. Foden, who was having by far his best game of the tournament, then hit the woodwork himself as the post denied the Manchester City forward a stunning curled effort. England has known little more than disappointment and heartbreak since winning the World Cup in 1966, Southgate more than most.

Persons: Ollie Watkins ’, Xavi Simons, Harry Kane, Watkins, Gareth Southgate –, Cole Palmer, “, ‘, Coley, There’s, “ We’ve, We’ve, ”, Gareth Southgate’s, Jude Bellingham, Simons, Alex Livesey, Henri Delaunay, Simons –, Hernández –, Declan Rice, Jordan Pickford, Denzel Dumfries, Kane, Felix Zwayer, OZAN KOSE, Phil Foden’s, Ronald Koeman, Piroschka Van De Wouw, Palmer, Stefan de Vrij, Southgate Organizations: CNN, England, Lions, Turkey, Getty, France, Qatar, Manchester City, Southgate, REUTERS, Aston Villa Locations: Netherlands, Sunday’s, England, Italy, Spain, Germany, Dortmund, Barcelona, AFP, Dumfries, Manchester

☆ Iran's new president may be a reformist, but change remains distant
▼ + stars: | 2024-07-09 | by ( Natasha Turak | ) www.cnbc.com time to read: +6 min

Newly-elected Iranian President Masoud Pezeshkian visits to the shrine of the Islamic Republic's founder Ayatollah Ruhollah Khomeini in Tehran, Iran on July 06, 2024. Fatemeh Bahrami | Anadolu | Getty ImagesIran on Friday elected its first "reformist" president in 20 years, signaling many voters' rejection of hardline conservative policies amid low turnout of just 49%, according to official figures. Iran's sole reformist candidate Masoud Pezeshkian and ultraconservative Saeed Jalili are set to go to runoffs after securing the highest number of votes in Iran's presidential election, the interior ministry said. "This is why many Iranians have lost hope in bringing about change through the ballot boxes and are boycotting elections." "The core structure of Iran's theocratic regime, where a Supreme Leader's authority eclipses that of any president, will remain steadfastly intact… In essence, Iran's theocracy is designed to resist meaningful change."

Persons: Masoud Pezeshkian, Ruhollah Khomeini, Fatemeh, Masoud, Ibrahim Raisi, Sina, Toossi, Massoud Pezeshkian, Majid Saeedi, Mohammad Khatami, Ayatollah Ali Khamenei, Nader Itayim, Khamenei, Itayim, Mohammad Bagher Ghalibaf, Amirhossein Ghazizadeh, Hashemi Alireza Zakani, Saeed Jalili, Mostafa Pourmohammadi, Iran's, ultraconservative Saeed Jalili, Atta Kenare, Ben Taleblu, Pezeshkhian, Mahsa Amini, Amini, Mahsa, Ozan Kose, Pezeshkian's Organizations: Anadolu, Getty, Center for International, CNBC, Guardian Council, Argus Media, Vehicles, Afp, Foundation for Defense of Democracies, AFP, for Human Rights, Trump Locations: Tehran, Iran, Afrasiabi, Islamic Republic, Mideast, Washington, Pezeshkian, Kurdish Iranian, Iranian, Istanbul

☆ The Euro 2024 Adidas ball: Microchipped, slippery – and very quick
▼ + stars: | 2024-06-30 | by ( Matt Slater | ) www.nytimes.com time to read: +8 min

But it is slightly unusual for people to talk as much about the ball as they have about the Adidas Fussballliebe Pro EURO 2024 match ball, to give it its full name, as they have in Germany of late. “I’ve not heard any goalkeeper complain about the ball, other than saying it’s a really, really quick ball, which is something you just deal with,” said the former Denmark and Manchester United goalkeeper Peter Schmeichel, whose son Kasper is the current Danish No 1. “Normally, when you have a new ball, the opinions are divided but (goalkeepers) don’t think it’s a bad ball. But while this is all great fun — and even better advertising — “combined ball technology” is not actually new. Kylian Mbappe practises with the Euro 2024 match ball at France’s pre-tournament training camp (Franck Fife/AFP via Getty Images)In terms of the ball’s aesthetics, it’s fine.

Persons: “ It’s, Harry Kane, “, Kose, “ I’ve, ”, Peter Schmeichel, Kasper, don’t, it’s, Roberto Rosetti, Denmark’s Joachim Andersen, Lukaku’s, Lois Openda, ” Marc Makowski, Erik Janza’s, David Jurasek, Denmark’s Morten Hjulmand, Schmeichel, Gianluigi, ” Gianluigi Donnarumma, Dean Mouhtaropoulos, Kylian, Franck Fife, Thierry Henry, Marc, Charlotte Harpur Organizations: Adidas Fussballliebe, Adidas, European Football, Getty, Manchester United, UEFA’s, RB Leipzig, “, Turkey, England, Spain, New Zealand, France’s, UEFA, FIFA, Telstar Locations: Germany, AFP, Denmark, South Africa, Belgium, Slovakia, Slovenia, Czech, Spain, Italy, Qatar, Australia, New

☆ Euro 2024: Our ranking of all the games in Germany this summer
▼ + stars: | 2024-06-29 | by ( Ahmed Walid | ) www.nytimes.com time to read: +35 min

AdvertisementThis was Belgium at their finest, and Romania raised the level of their game in the second half to try to equalise. If Austria wanted to have any chance of qualifying to the round of 16 they had to beat Poland in their second group game. The wide areas were where Ukraine focused their attacks, and Oleksandr Zinchenko’s square pass to Mykola Shaparenko made it 1-1 in the second half. However, Samet Akaydin and Altay Bayindir’s mishap on the second goal decreased Turkey’s probability of a comeback. More off-ball runs in the second half led to the third, and by then the match was done and dusted.

Persons: Muldur, Arda Guler, Georges Mikautadze, Khvicha, Giorgi Mamardashvili, Kerem Akturkoglu, Ronald Koeman’s, Romano Schmid, Austria, Cody Gakpo’s, Memphis Depay, Marcel Sabitzer, Merih Demiral, Ralf Rangnick’s, Vincenzo Montella’s, Michael Gregoritsch, Alexander Prass, Christoph Baumgartner, Mert Gunok, Kvaratskhelia, Jasir Asani’s, Zlatko Dalic’s, Mario Pasalic, Luka Sucic, Marcelo Brozovic, Majer, Luka Modric, Mateo Kovacic, Ante Budimir, Andrej Kramaric, Klaus Gjasula’s, Albania’s, Dan Mullan, Gianluigi, Italy weren’t, Nico Williams, Giovanni Di Lorenzo, Kevin C, Cox, Jeremy Doku, Ivan Schranz, Kevin De Bruyne, Romelu Lukaku, Leandro Trossard, Stanislav Lobotka, Juraj Kucka, Ondrej Duda, Martin Dubravka’s, David Hancko’s, Stu Forster, Zan Karnicnik’s, Jan Oblak’s, Luka, Patrik Schick, Ondrej Lingr’s, Ivan Hasek’s, Giorgi Chakvetadze, Saba Lobjanidze, Julian Nagelsmann, Germany didn’t, —, Murat Yakin’s, Dan Ndoye, Manuel Akanji, Fabian Schar, David Raum, Christina Pahnke –, Romania Domenico Tedesco’s, Youri Tielemans, Timothy Castagne, De Bruyne, Luciano Spalletti’s, Mattia Zaccagni, Kasper Schmeichel, Rasmus Hojlund, Manuel Neuer, Joachim Andersen, Kai Havertz, Jamal Musiala, Ricardo Rodriguez, Schar, Akanji, Gianluca Scamacca, Remo Freuler’s, Ruben Vargas, RONNY HARTMANN, Gareth Southgate’s, Milan Skriniar, Denis Vavro, Lobotka, Francesco Calzona’s, David Strelec, Jude, Harry Kane, Peter Pekarik, Michel Aebischer, Aebischer, Kwadwo Duah, Hungary’s, Dominik Szoboszlai, Roland Sallai, Willi, Adam Buksa, Nathan Ake’s, Alex Livesey, Bull, Rangnick’s, Baumgartner, Marko Arnautovic, Nicolae Stanciu, Razvan Marin, Denis Dragus, Shaun Botterill, Neuer, Robert Andrich, Jonathan Tah, Antonio Rudiger, Ilkay, Steven Bergwijn, Xavi Simons, Netherlands ’, Stefan de Vrij, Virgil van Dijk, Fabian Ruiz, Rodri, Fabian, Lukas Haraslin, Hancko, Andriy Yarmolenko, Mykhailo Mudryk —, Oleksandr, Mykola Shaparenko, Shaparenko, Denmark Christian Eriksen, Jonas Wind, Eriksen, Benjamin Sesko’s, Kasper Hjulmand’s, Erik Janza’s, Carl Recine, Antonin Barak’s, Tomas Soucek —, Hungary’s Barnabas Varga, Kevin Csoboth, De Bruyne’s, N’Golo, Aurelien Tchouameni, Didier Deschamps ’, — Theo Hernandez, Jules Kounde —, Francisco Conceicao’s, Ruben Dias, Gabriel Bouys, Croatia hadn’t, Unai Simon, Nicolo Barella, Alessandro Bastoni, Rey Manaj, Havertz, Florian Wirtz, Musiala, Ryan Porteous, Scott McTominay, Tony Ralston’s, Xherdan, Kose, Bernardo Silva’s, Samet, Cristiano Ronaldo, Sesko, Diogo Costa’s, Torsten Silz, Alexander Bah, Ruslan Malinovskyi, Kylian, Ousmane Dembele, Deschamps ’, England’s, Pierre, Emile Hojbjerg, Morten Hjulmand, Marc Guehi’s, Alex Grimm, Maximilian Wober, Spain Luis de la, Dani Olmo, Ferran Torres, Marvin, Let’s, Mark Carey, Michael Cox, Michael Regan – Organizations: Golden, Memphis, UEFA Nations League, Albania, Spain, Italy, Getty, Georgia, Hungary, Croatia, Real Madrid, Denmark, Milan, Bologna, Poland, olimpico, Dumfries, Georgia openign, Valencia, Ukraine, Manchester United, Portugal, …, Turkey, B, Slovenia AET, Danish, England, Calzona, Serbia, Michael Regan – UEFA, UEFA Locations: Turkey, Georgia, Kerem, Netherlands, Austria, France, Poland, Portugal, Croatia, Italy, Albania, Pasalic, Gjasula, Spain, Gianluigi Donnarumma, Belgium, Slovakia, Doku, Slovenia, Serbia, Republic, Czech Republic, Switzerland, Germany, Romania, Youri, Modric, Denmark, England, Hungary, Dumfries, Ukraine, Ilkay Gundogan, Gakpo, AFP, Scotland, Samet Akaydin, Altay, Romanian

☆ Turkey 0 Portugal 3: Win secures top spot, a calamitous own goal and pitch invaders target Ronaldo
▼ + stars: | 2024-06-22 | by ( Jacob Whitehead | Tim Spiers | ) www.nytimes.com time to read: +9 min

Both lay entangled in the Turkish net, sandwiched between a view of reality in front of them and the sound of insanity from Portugal’s fans behind them. So keen must Ronaldo have been to actually watch a Portugal goal being scored, he squared to Fernandes when in on goal for the third. Another, a fully-grown man, almost grappled the Portugal striker with his arm tightly around his neck, which Ronaldo then removed. Tim SpiersTurkey bring the noise, Ronaldo feels its forceWith 25,000 Turkey fans in Signal Iduna Park’s south stand — usually Borussia Dortmund’s Yellow Wall, today deep red — decibels became a construct. But here, in the shape of Portugal’s Ronaldo, there was a focal point to their anger, as well as their support.

Persons: Bernardo Silva’s, Samet Akaydin, Bruno Fernandes, Cristiano Ronaldo, Tim Spiers, Jacob Whitehead, Altay Bayindir, Bernardo, Joao Cancelo, Ronaldo, Akaydin, Bayindir, Zeki Celik, Dean Mouhtaropoulos, Kose, Kenzo Tribouillard, Jacob Whitehead Portugal, you’re Ronaldo, Nuno Mendes ’, Friso, Ronny, Fernandes, Rico Brouwer, Goncalo Ramos, hobbled, Ronaldo selfie, Roberto Martinez, Martinez, Cancelo, Joao Palhinha, Pepe, imperious, Mendes, Rafael Leao, Tim Spiers Turkey, Portugal’s Ronaldo, Ronaldo’s, —, howls Organizations: Premier League for Manchester United, Getty Images, Getty, European, YouTube, UEFA, Turkey, Borussia Locations: Portugal, Turkey, Dortmund, Germany, Spain, Czech Republic, AFP, Scotland, Albania, Slovenia, Georgia, Hamburg, Gelsenkirchen

☆ These are the world's 10 best airports for 2024, according to passengers. None are in the US.
▼ + stars: | 2024-04-19 | by ( Taylor Rains | ) www.businessinsider.com time to read: +5 min

Mikhail Markovskiy/ShutterstockCountry: Germany2023 Ranking: 7AdvertisementSkytrax Awards: Best Airport Staff in Europe, Best Airport in Central Europe, Best Airport Hotel in Europe (Hilton Munich Airport)7. Kazzure Gonzalez/Shutterstock.comCountry: JapanAdvertisement2023 Ranking: 9Skytrax Awards: World's Best Airport Staff, Best Airport Staff in Asia, Best Airport: 30-40 million passengers4. Sean Pavone / iStockCountry: Japan2023 Ranking: 3AdvertisementSkytrax Awards: World's Cleanest Airport, World's Best Domestic Airport, Best PRM and Accessible Facilities, Best Airport: 70+ million passengers, The Cleanest Airport in Asia3. Taylor Rains/Business InsiderCountry: Singapore2023 Ranking: 1Skytrax Awards: Best Airport in Asia, Best Airport Immigration Service, Best Airport: 50-60 million passengers, Best Airport Hotel in the World and Asia (Crowne Plaza Changi Airport)1. Thomas Pallini/Business InsiderCountry: QatarAdvertisement2023 Ranking: 2Skytrax Awards: World's Best Airport, Best Airport in the Middle East, World's Best Airport Shopping, Best Airport: 40-50 million passengers, The Cleanest Airport in the Middle East

☆ The pope raises eyebrows after saying Ukraine should have the 'courage of the white flag' and negotiate with Russia
▼ + stars: | 2024-03-10 | by ( Cameron Manley | ) www.businessinsider.com time to read: +6 min

Pope Francis said Ukraine should have the 'courage of the white flag' and negotiate with Russia. AdvertisementPope Francis has sparked controversy after saying Ukraine should have the "courage of the white flag" and negotiate an end to the war with Russia. "You are the heirs of the great Russia. The great Russia of the saints, of the kings, of the great Russia of Peter the Great, of Catherine II, that great imperial Russia, cultivated, with so much culture and humanity," he said. Turkish President Recep Tayyip Erdogan and Ukrainian President Volodymyr Zelenskyy meet in Istanbul March 8, 2024 Ozan Guzelce/dia images via Getty ImagesBut Russia and Ukraine continue to speak at cross purposes.

Persons: Pope Francis, —, Edgers Rinkēvičs, Matteo Bruni, Bruni, Zelenskyy, Darya, Alexander Dugin, Dugina, Dmytro Kuleba, Francis, Volodymyr Zelenskyy, Peter the Great, Catherine II, Oleh, " Bruni, Recep Tayyip Erdogan, Ozan Organizations: Service, RSI, Catholic Church, Ukrainian Foreign, Ukrainian Foreign Ministry, Kremlin, Kyiv Locations: Ukraine, Russia, Swiss, Turkey, Visegrad, Latvian, Russian, Moscow, Ukrainian, Istanbul, Turkish, Crimea

☆ Mercedes-Benz and BMW to establish JV for high-power charging network in China
▼ + stars: | 2023-11-30 | by ( ) www.reuters.com time to read: +1 min

The logo of Mercedes-Benz is seen outside a Mercedes-Benz car dealer in Brussels, Belgium June 1, 2023. REUTERS/Yves Herman/File Photo Acquire Licensing RightsNov 30 (Reuters) - German automaker Mercedes-Benz (MBGn.DE) said on Thursday it had reached an agreement with BMW (BMWG.DE) to establish a joint venture for operating a high-power charging network in China. At least 1,000 high-power charging stations with around 7,000 charging piles in the country are expected to be installed by the end of 2026, the company said in the statement, adding the deal was subject to regulatory approval. Mercedes-Benz announced earlier this year that it would invest billions of euros in building its own charging network of 10,000 fast-charging points in North America, Europe and China by 2030. Reporting by Ozan Ergenay, Editing by Victoria WalderseeOur Standards: The Thomson Reuters Trust Principles.

Persons: Yves Herman, Ozan Ergenay, Victoria Waldersee Organizations: Mercedes, Benz, REUTERS, BMW, Victoria, Thomson Locations: Brussels, Belgium, China, North America, Europe

☆ Delivery Hero slightly lifts annual GMV outlook
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +2 min

[1/2] Andreas Harte, a Foodora delivery cyclist poses in front of Delivery Hero headquarters in Berlin, Germany, June 2, 2017. Foodora is part of the Berlin-based company Delivery Hero, one of Europe's largest internet start-ups. REUTERS/Fabrizio Bensch/File Photo Acquire Licensing RightsNov 14 (Reuters) - German online takeaway food company Delivery Hero (DHER.DE) slightly raised its full-year outlook on Tuesday after reporting a better-than-expected gross merchandise value (GMV) for the third quarter. The Berlin-based company now sees 2023 GMV growth at the upper end of its previous forecast range of 5-7% in constant currency terms. Delivery Hero, which reports earnings numbers only on a half-year and annual basis, said its key Asia-Pacific business reached a positive adjusted EBITDA before group costs in the month of October.

Persons: Andreas Harte, Foodora, Fabrizio Bensch, Emmanuel Thomassin, Ozan Ergenay, Michal Aleksandrowicz, Milla Nissi Organizations: REUTERS, Thomson Locations: Berlin, Germany, Frankfurt, Asia, Pacific, Gdansk

☆ Implementing an orthodox fiscal and monetary policy in Turkey will 'take time,' investment firm says
▼ + stars: | 2023-11-02 | 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 EmailImplementing an orthodox fiscal and monetary policy in Turkey will 'take time,' investment firm saysOzan Ozkural of Tanto Capital Partners discusses the country's new central bank team.

Persons: Ozan Organizations: Capital Partners Locations: Turkey

Oct 26(Reuters) - Oct 26 (Reuters) - German chip equipment supplier Siltronic improved its sales outlook on Thursday based on stronger revenue expected in the fourth quarter, forecasting a less severe slump this year than previously feared. The company now expects sales to drop by up to 17% this year, versus a previously forecast fall of up to 19%. The provider of silicon wafers for the semiconductor industry reported a 26% drop in its third-quarter sales to 349 million euros ($368 million). "Siltronic delivered a good Q3 beating consensus estimates across the board despite the continued demand weakness as a result of the inventory correction at semi-manufacturers", says Jefferies' analyst Constantin Hesse. Despite the weakened demand, Q4 sales are expected to be better on a quarterly basis indicating a potential low point in Q3, he added.

Persons: Siltronic, Jefferies, Constantin Hesse, Paolo Laudani, Rachel More, Toby Chopra Organizations: Thomson Locations: Frankfurt, Gdansk

☆ An 87-year-old deal is keeping a lid on the naval war in Ukraine — for now
▼ + stars: | 2023-10-18 | by ( Constantine Atlamazoglou | ) www.businessinsider.com time to read: +8 min

Fighting between Russia and Ukraine in the Black Sea has picked up in recent months. The fighting is taking a toll on Russia's Black Sea Fleet, which Moscow can't reinforce. Russia's Black Sea Fleet hasn't been defeated, but its losses, including the sinking of its flagship, the Moskva, weigh more heavily on Russia's war effort because of a deal signed nearly a century ago that is preventing Moscow from bringing more ships into the Black Sea. The convention distinguishes between Black Sea powers — those with a Black Sea coastline — and non-Black Sea powers. "Initially it was thought that it was a big deal that some of the Russian warships were prevented from entering the Black Sea.

Persons: —, Russia —, hasn't, Sergey Ponomarev, US Navy Arleigh Burke, OZAN KOSE, Ben Wallace, Stringer, Turkey's, Volodymyr Dubovyk, Dubovyk, Sabina Joja, Joja, Constantine Atlamazoglou Organizations: Montreux Convention, NATO, Service, Fleet, Sea Fleet, AP, US Navy, Getty, Russian, REUTERS, Mechnikov National University, Middle East Institute, Washington DC, Fletcher School of Law, LinkedIn, Twitter Locations: Russia, Ukraine, Moscow, Montreux, Crimea, Moskva, Sevastopol, Rostov, AFP, Turkey, Baltic, Northern, Odessa's, Ukrainian, Turkish, Romanian, Iulia, Washington, Izmail, Ankara, NATO

☆ An 11,000-year-old statue of a man holding his penis could reveal secrets about a mysterious Neolithic culture
▼ + stars: | 2023-10-17 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +7 min

A 7.5-foot-tall statue of a man clutching his penis with both hands was uncovered in an ancient site. AdvertisementAdvertisementArchaeologists have uncovered an 11,000-year-old statue of a man clutching his penis — a discovery that could shed new light on a mysterious Neolithic culture. The Urfa man, a 6.2-foot-tall statue of a man seeming to protect his erect penis with both hands, was notably found nearby. Urfa man, also known as the Balikligol statue, is shown in at Archeology Museum in Sanliurfa on February 22, 2023. AdvertisementAdvertisementThe statue guards its mysterious meaningIt's not clear what the statue was meant to represent and how it fits within this mysterious Neolithic culture.

Persons: —, OZAN KOSE, Necmi Karul, Karahan, Gobekli, Esber, Sean Thomas, Thomas, Karul, Benjamin Arbuckle, Klaus Schmidt, Schmidt, Lee Clare, Clare, Ted Banning, Banning, Arbuckle Organizations: Service, Getty, Istanbul University, Agence France Presse, UNESCO, Archeology Museum, Anadolu Agency, The Spectator, AFP, University of North, Chapel, Smithsonian Magazine, Archaeological Institute, BBC, University of Toronto Locations: Karahan Tepe, Turkey, Karahantepe, Sanliurfa, AFP, Syria, Turkiye, Asia, University of North Carolina, Gobekli Tepe, Karahan, Gobekli

☆ Rheinmetall Receives Order for Artillery Shells for Ukraine
▼ + stars: | 2023-10-10 | by ( Oct. | At A.M. | ) www.usnews.com time to read: 1 min

(Reuters) - Rheinmetall has received a further order for artillery ammunition destined for Ukraine under a framework agreement with the German military, the company said on Tuesday. Under the latest call-off, the company will deliver over a hundred thousand 155mm shells from the its new Spanish subsidiary, Rheinmetall Expal Munitions, as well as additional DM 121 high-explosive rounds. Tens of thousands of rounds are to be delivered in 2023, with the remainder due to ship in 2024, according to a statement from Rheinmetall, the world's biggest ammunition producer. (Reporting by Ozan Ergenay, Editing by Rachel More)

Persons: Ozan Ergenay, Rachel More Organizations: Reuters, Rheinmetall, Rheinmetall Expal Munitions Locations: Ukraine

REUTERS/Wolfgang Rattay/File Photo Acquire Licensing RightsSummary Industrial output down 0.2% in Aug vs down 0.1% forecastEconomists expect further contraction in coming monthsBERLIN, Oct 9 (Reuters) - German industrial output shrank in August for the fourth consecutive month, the federal statistics office said on Monday, an indication that the sector remains under serious pressure, stoking recession fears. Industrial production fell slightly more than expected in August by 0.2% compared to the previous month. The further drop in German industrial production in August was better than it looked as it was driven by volatile components, said Franziska Palmas, senior Europe economist at Capital Economics. However, she continued to expect high interest rates and falling demand to lead to a further contraction in German industrial output in the coming months. "Thin order books despite last week's increase, and high inventories all indicate that German industrial production will continue moving sideways rather than gaining momentum anytime soon," ING's global head of macro Carsten Brzeski said.

Persons: Wolfgang Rattay, Franziska Palmas, Destatis, Carsten Brzeski, Brzeski, Friederike Heine, Maria Martinez, Ozan Ergenay, Gerry Doyle, Sonali Paul Organizations: REUTERS, Reuters, Capital Economics, Thomson Locations: ThyssenKrupp, Duisburg, Germany, BERLIN, Europe, Palmas

☆ Vitesco shares soar on 3.64 bln euro Schaeffler deal
▼ + stars: | 2023-10-09 | by ( Ozan Ergenay | ) www.reuters.com time to read: +1 min

BERLIN, Oct 9 (Reuters) - Vitesco (VTSCn.DE) shares rose 19.8% on Monday morning on news that its largest shareholder Schaeffler AG (SHA_p.DE) will launch a tender offer valuing the powertrain supplier at 3.64 billion euros ($3.83 billion). EV components maker Schaeffler AG, controlled by Germany's billionaire Schaeffler family, already holds 49.9% of Vitesco, which has seen its shares rise 39% this year. Schaeffler shares were down 6.6% at 0713 GMT. Schaeffler said it would offer remaining shareholders 91 euros ($95.83) per share, a fifth above last week's closing price. Listed preference shares are to be converted into ordinary shares, and the remaining shareholders will be on an equal footing with the family holding ordinary shares.

Persons: Schaeffler, Vitesco, Ozan Ergenay, Christina Amann, Victoria Waldersee, Friederike Heine, Kim Coghill, Louise Heavens Organizations: Schaeffler AG, EV, Schaeffler, Thomson

☆ Severe flooding in Greece leaves at least 6 dead and 6 missing, villages cut off
▼ + stars: | 2023-09-07 | by ( ) www.cnbc.com time to read: +4 min

An aerial view taken on September 7, 2023 shows a destroyed bridge in a flooded area in the city of Karditsa, central Greece. - | Afp | Getty ImagesWidespread flooding in central Greece left at least six people dead, six missing and dozens trapped, with severe rainstorms turning streams into raging torrents, bursting dams, washing away roads and bridges, and hurling cars into the sea. An aerial view taken on September 7, 2023 shows the flooded village of Farkadona near the city of Karditsa, central Greece. While much of central Greece was inundated, the fire department said a new forest fire had broken out Thursday afternoon in the northeastern region of Evros. An aerial view taken on September 7, 2023 shows the flooded village of Farkadona near the city of Karditsa, central Greece.

Persons: rainstorms, Ozan Kose, Vassilis, Pavlos Marinakis, Marinakis, Will Vassilopoulos, Vasilis Vathrakogiannis Organizations: Afp, Getty, Turkish Gendarmerie, Fire, European Locations: Karditsa, Greece, Bulgaria, Turkey, Igneada, Kirklareli, Athens, Farkadona, Evros, Soufli

☆ A busted Russian warship may not have seen an exploding Ukrainian drone boat coming, hinting at problems that have plagued Russia throughout its war
▼ + stars: | 2023-08-09 | by ( Ryan Pickrell | ) www.businessinsider.com time to read: +9 min

A Russian warship was struck by a Ukrainian drone boat that it doesn't appear to have seen coming. Just a few days before this attack, Russian vessels were fighting off drone boats in another incident. "It just seems very strange they didn't respond at all to the incoming drone boats," Clark added. The Russian ship may have assumed it was safe in Novorossiysk, given that the port is roughly 350 miles from the Ukrainian port city of Odessa, but it shouldn't have. The reach of Ukraine's drone boats was hardly a secret.

Persons: Russia's, —, Sutton, it's, Cole, Bryan Clark, Clark, OZAN KOSE Organizations: Service, Ukraine, Russian, —, CNN, US Navy, Navy, Hudson Institute, Getty Locations: Russian, Ukrainian, Russia, Wall, Silicon, Novorossiysk, Moskva, Istanbul, AFP, Sevastopol, Odessa, Ukraine

Heckmeier said Siltronic was following the tussle between the United States and China for control of the chip industry and their mutual restrictions. Siltronic's product portfolio includes so-called Gallium Nitride-on-Silicon wafers, which enable high switching frequencies and efficient energy management, while working under high power densities. The Munich-based company reported an 8.7% sales decrease for the second quarter, and guided for 2023 sales to fall 14%-19% from last year's 1.81 billion euros. It now plans to invest 1.3 billion euros this year after previously guiding for investments slightly above last year's 1.07 billion. The new factory is expected to contribute to profit by 2025 the latest.

Persons: Michael Heckmeier, Heckmeier, Siltronic, Ozan Ergenay, Paolo Laudani, Kirsti Knolle, Jane Merriman Organizations: Thomson Locations: Singapore, Frankfurt, United States, China, Beijing, Munich, Gdansk

☆ NATO: Comments from Biden and Erdogan threaten to overshadow summit -- and help Putin
▼ + stars: | 2023-07-10 | by ( Luke Mcgee | ) edition.cnn.com time to read: +5 min

On Monday morning, Turkish President Recep Tayyip Erdogan told reporters that Sweden’s membership of NATO should be linked to Turkey’s membership of the European Union. And the Turkish president, officials are aware, is very good at using any leverage he has to extract things he wants from his Western allies. Erdogan, European officials have repeatedly said, knew that he had Brussels over a barrel as he could effectively “flood” Europe with refugees at will. It is therefore a headache, but not a huge shock, that Erdogan is using a key international summit to play his best hand. NATO, remarkably, has remained united for most of the war and has gone beyond what most expected was possible.

Persons: Jens Stoltenberg, Recep Tayyip Erdogan, ” Erdogan, Erdogan, Zelensky, Ozan, Putin, Christine Olsson, Joe Biden’s, “, ”, –, Biden – Organizations: CNN, NATO, European Union, West, Kurdistan Workers ’ Party, Kremlin, Kurdistan Workers ' Party, TT, Agency, AFP, Getty Locations: Lithuanian, Vilnius, Sweden, Finland, Russia, Ukraine, Turkey, Brussels, Ankara, Turkish, Syria, geopolitically, Europe, Kremlin

☆ Turkish lira will likely devalue whether or not Erdogan wins, strategist says
▼ + stars: | 2023-05-15 | 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 EmailTurkish lira will likely devalue whether or not Erdogan wins, strategist saysOzan Ozkural of Tanto Capital Partners discusses Turkey's elections and says if President Recep Tayyip Erdogan loses, the country's foreign policy wouldn't change, but its monetary policy "will have to readjust into market norms."

☆ HelloFresh shares drop as profit outlook disappoints
▼ + stars: | 2023-03-07 | by ( Linda Pasquini | ) www.reuters.com time to read: +3 min

Germany's HelloFresh sees adjusted core profit (AEBITDA) of between 460 million and 540 million euros ($492 million and $577 million) in 2023, compared with analysts' estimate of 547 million euros. He said HelloFresh was not planning any lay-offs at the moment, and refrained from giving an update on the mid-term outlook. HelloFresh expects its revenue to grow 2% to 10% on a constant-currency basis this year, compared with growth of 18% in 2022. The company also forecast "relatively muted" order growth for 2023. HelloFresh reported annual AEBITDA of 477.4 million euros, above the 464.5 million euros expected by analysts.

☆ Puma sees 2023 profit at about last year's level as costs weigh
▼ + stars: | 2023-03-01 | by ( ) www.reuters.com time to read: +1 min

March 1 (Reuters) - German sportswear maker Puma (PUMG.DE) on Wednesday gave 2023 operating profit outlook with midpoint below last year's level, as it expects currency effects and higher freight and raw material costs to again weigh on profitability. Rising materials and freight costs as well as stronger U.S. dollar, inventory markdowns and higher promotion expenses have put pressure on margins in the sporting goods sector. The company sees operating profit (EBIT) in a range of 590 million to 670 million euros ($626 million to $711 million) this year, with currency-adjusted sales growth in a high-single-digit percentage rate. It reported EBIT of 641 million euros for 2022, up from 557 million a year earlier but slightly below the 644 million euros expected by analysts, according to Refinitiv Eikon data. Puma had guided for 2022 EBIT in a range of 600 million to 700 million euros.

☆ Online fashion retailer Zalando to cut hundreds of jobs
▼ + stars: | 2023-02-21 | by ( ) www.reuters.com time to read: +2 min

BERLIN, Feb 21 (Reuters) - German online fashion retailer Zalando (ZALG.DE) is to cut hundreds of jobs across the company, citing over-expansion in some areas and a more difficult economic environment since the coronavirus pandemic. Zalando said the pandemic had boosted business in 2020 and 2021, but these tailwinds had faded since 2022 and the macroeconomic environment had become more challenging. Zalando, which has a workforce of some 17,000, did not give precise details on which areas would be affected by the cuts. The planned job cuts were first reported by the Financial Times, which said the online retailer's workforce would shrink by up to 5%. The company is due to report full-year earnings next month.

Search resuls for: "OZAN"

25 mentions found