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☆ Stocks making the biggest moves premarket: Microsoft, Intel, Shopify and more
▼ + stars: | 2024-09-17 | by ( Pia Singh | In | ) www.cnbc.com time to read: +2 min

Microsoft — Shares were up about 2% after the tech giant increased its quarterly dividend by 10.7% to 83 cents per share. Shopify — Shares of the e-commerce stock gained 2.6% after Redburn Atlantic upgraded Shopify to buy from neutral. Shopify should continue gaining market share as the U.S. social e-commerce market appears poised for explosive growth over the next few years. AppLovin — The mobile software company rose more than 2% after UBS upgraded shares to buy from neutral. Gannett — Citi upgraded the newspaper company to neutral from sell, sending shares higher by 4%.

Persons: Jefferies, Dell, AppLovin, Gannett, —, Fred Imbert, Sarah Min, Sean Conlon, Michelle Fox Theobald Organizations: Microsoft, Intel, Dell Technologies, Mizuho Securities, UBS, Gannett — Citi Locations: 4Q24

☆ Italian animation company agrees to $538,000 penalty for ‘apparent violations’ of US sanctions on North Korea
▼ + stars: | 2024-06-26 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +3 min

CNN —An Italian animation company has agreed to pay the US Treasury Department $538,000 for “apparent violations” of US sanctions against North Korea by doing business with a North Korean state-owned animation studio, the department said Wednesday. The outsourcing contract made explicit reference to North Korea, the department said. Mondo’s use of the US financial system to send money to North Korea triggered the Treasury investigation and the threat of fines. Along with Russia, North Korea is among the most heavily sanctioned governments in the world. But the North Korean animation industry has provided an important source of revenue for Pyongyang, according to experts.

Persons: It’s, Mondo, Matteo Corradi, Kim Jong Un, “ It’s, Jenny Town, CNN’s Gianluca Mezzofiore Organizations: CNN, US Treasury, North, Treasury, Mondo TV, Tigers, Treasury Department, Stimson, United Nations Locations: Italian, North Korea, Korean, Rome, China, Italy, London, North Korean, Korea, ”, Russia, Pyongyang

☆ Dream of the Desert: Saudi Arabia is launching its own luxury train
▼ + stars: | 2024-01-29 | by ( Tamara Hardingham-Gill | ) edition.cnn.com time to read: +7 min

State-owned railway company Saudi Arabia Railways (SAR) recently struck a 200 million Saudi riyals ($53.33 million) deal with Italian hospitality company Arsenale Group to launch the first luxury train in the Middle Eastern kingdom. The destination has made a number of high-profile tourism investments in recent years – a $500 billion model city in the desert of northwest Saudi Arabia among them. Now Saudi Arabia is getting on board with the slow travel movement in a big way by moving into the luxury train market. Arsenale S.P.A./Saudi Arabia RailwaysSaudi Arabia’s decision to enter the luxury train market comes as demand for high-speed trains and luxury “rail cruises” continues to increase around the world. Infrastructure investmentA rendering of Dream of the Desert, which will be the first luxury train in the Middle Eastern kingdom.

Persons: Paolo Barletta, ” Barletta, S.P.A, Joe Biden, Dolce, ”, Luigi Corradi, King, Khalid al, Falih, Arsenale S.P.A, Bashar bin Khaled Al Malik, Al Malik, CNN’s Lilit Marcus, Ben Jones Organizations: CNN, State, Saudi Arabia Railways, Saudi, Arsenale Group, SAR, Saudi Arabia Railways Saudi, Reuters, “ Orient, Accor, Ferrovie dello Stato, Speed Railway, King Abdulaziz International, Saudi Arabia’s Investment, Projects, Saudi Railway Company, Orient Express, Orient Locations: Saudi Arabia, Saudi, Arabia’s, Riyadh, Qurayyat, Jordan, Hail, Italy, France, Italy’s, Mecca, Medina, Jeddah, Venice, London, Kyushu

☆ Beyond the metaverse
▼ + stars: | 2023-07-26 | by ( Sponsor Post | Created Insider Studios With Pwc | ) www.businessinsider.com time to read: +8 min

However, many consumers — and even business leaders — are still confused about what the metaverse actually is and how it will work. No matter what you call it — the metaverse, spatial computing, the 3D web – when the metaverse is broken down into its component parts, more realistic applications emerge. "We call it Metaverse Technologies for a reason." PwCIt's not just retail; events that have traditionally relied on in-person participation are also embracing a combination of metaverse technologies. The Venice Carnival is just one example of how metaverse technologies can create new ways for people to connect, learn, and experience the world.

Persons: —, Roberto Hernandez, We've, Hernandez, Joe Harrington, Harrington, We're, Alberto Bozzo, Ve.La, PwC Organizations: Technologies, PwC, Venice Carnival, Venice, Companies, Insider Studios Locations: Venice

☆ Italy's luxury groups set aside rivalries to keep it local
▼ + stars: | 2023-07-14 | by ( Elisa Anzolin | ) www.reuters.com time to read: +5 min

SMALL MANUFACTURERS APLENTYItaly is home to thousands of small manufacturers that cover 50-55% of the global production of luxury clothing and leather goods, consultancy Bain calculates. LVMH announced in May it had taken a majority stake in Nuti Ivo Group, an Italian company that has specialised in making leather products since 1955. Kering managing director Jean-Francois Palus said the luxury group is increasingly looking to bring production in house. "Italy has not created a (major) luxury hub, but we have entrepreneurs who have the ability to activate the right relationships at the right time," said Stefania Lazzaroni, general manager at Italian luxury industry association Altagamma. "Italian groups are now more managerialised, more organised and also stronger, which makes them more open to thinking together," he said.

Persons: Luigi Fedeli e, Zegna, Gildo Zegna, Ermenegildo, Kering, LVMH, Jean, Francois Palus, It's, Chanel, Brunello, Stefania Lazzaroni, Prada, Roberto Costa, Bertelli, Elisa Anzolin, Silvia Aloisi, Keith Weir, Jane Merriman Organizations: France MILAN, Prada, Filati Biagioli Modesto S.p.A, Biagioli, Prada Group, Reuters, Bain, Group, Nazionale della Moda, Global Luxury Investment Banking, Citigroup, Thomson Locations: Italy, France, Italian, Monza, Milan, Filati Biagioli, Bertelli, Nuti

☆ Lightning Can Strike, but It Can’t Hide From a New Satellite
▼ + stars: | 2023-07-13 | by ( Nicholas Bakalar | ) www.nytimes.com time to read: +1 min

The National Oceanographic and Atmospheric Administration in the United States has been tracking lightning in North and South America since 2017, using the Geostationary Lightning Mapper aboard the Geostationary Operational Environmental Satellites, known as GOES. “We are able to detect even a single lightning bolt, while GOES can detect only a group of events. And in terms of energy, we can detect weaker lightning strikes.”The data from the imager will be useful in weather prediction, said Carlo Simoncelli, a program manager at Leonardo. Lightning is associated with tornadoes, and there is a large increase in lightning that remains within clouds about a half-hour before a tornado. “But if you look at lightning reflecting over the ocean or just during the daytime, it’s much more difficult.”

Persons: ”, Leonardo S.p.A, Carlo Simoncelli, Leonardo, Lightning, Simoncelli, “, Ms, Pastorini Organizations: Oceanographic, Atmospheric Administration, Environmental Locations: United States, North, South America, Europe, Africa

☆ Ferrari launches two hybrid models in limited series based on SF90 supercar
▼ + stars: | 2023-06-29 | by ( ) www.reuters.com time to read: +2 min

Copyright Ferrari S.p.a./Handout via REUTERS TCompanies Ferrari NV FollowMILAN, June 29 (Reuters) - Luxury sports automaker Ferrari (RACE.MI) on Thursday unveiled two new plug-in hybrid models, produced in limited series and hitting the top end of the its price range. Based on 2019's SF90 Stradale supercar, the Prancing Horse's first ever series hybrid car, the two new road-homologated models are inspired by Ferrari's XX programme. The SF90 XX Stradale will have a starting price of 770,000 euros ($840,378) while the SF90 XX Spider, equipped with retractable top, of 850,000 euros, Ferrari said. Performance is boosted by an 8-cylinder, 4-litre combustion engine coupled with three electric motors capable of a total 1,030 horse power, 30 more than the SF90 Stradale. The lithium-ion batteries of the new SF90 XX Stradale and SF90 XX Spider will allow them for a 25 kilometre range in fully-electric mode.

Persons: Ferrari S.p.a, Ferrari's, Ferrari, Giulio Piovaccari, Frank Jack Daniel Our Organizations: Ferrari, REUTERS, Companies, MILAN, Luxury, Thomson Locations: Europe

☆ An Architect Known for Building Castles in the ‘Vegetable Kingdom’
▼ + stars: | 2023-05-03 | by ( Matt Shaw | ) www.nytimes.com time to read: +1 min

This article is part of our Design special section about making the environment a creative partner in the design of beautiful homes. This exterior portion would be a 20-story “vertical garden,” which would cool the building by shading it with flowers and plants that would change colors seasonally. Though the green facade was never built, it represented a typical confrontation by a fearless pioneer. No polluting, extractive governmental bully was going to shrivel his environmental dreams. Now 79 and a witness to many trendy environmental innovations, including verdant towers, Mr. Ambasz finds that rather than outracing his times, he is running neck-and-neck with them.

☆ How AI Is helping to reduce landfill waste
▼ + stars: | 2022-12-22 | by ( Sponsor Post | Created Ibm With Insider Studios | ) www.businessinsider.com time to read: +8 min

But circular economy models can provide smart examples and accessible starting points for how we can work toward avoiding a trashy future, so to speak. For an example of a perfect circular economy, look to nature. Waste management companies, in particular, have an opportunity to minimize landfill waste using artificial intelligence and automation technologies. Evaluating the potential of AI for waste sortingHera personnel analyze waste manually. "The experience with IBM Garage has allowed us to activate a particularly innovative solution in the field of waste collection, selection, and recovery," Zappoli said.

☆ Prada to name former Luxottica chief Andrea Guerra as new CEO
▼ + stars: | 2022-12-06 | by ( Reuters Staff | ) www.reuters.com time to read: +1 min

FILE PHOTO: The company's logo is seen at a Prada store in Zurich, Switzerland January 25, 2021. REUTERS/Arnd Wiegmann(Reuters) -Italy’s Prada said on Tuesday that it would name former Luxottica chief Andrea Guerra as its new chief executive officer. Guerra will be recommended as the new CEO at a board meeting next month by controlling shareholder Prada Holding S.p.A., the luxury company said in a statement,Reuters reported last week that the fashion group was set to hire Guerra in a top management role to ease a transition at the helm to the next generation of the founding family. After overseeing a successful turnaround since 2017 to reverse a slide in sales, Prada CEO Patrizio Bertelli, 76, said a year ago he planned to hand over the reins of the group he leads with wife Miuccia Prada Bianchi to their 34-year-old son Lorenzo. “This is a fundamental step we have decided to undertake, while completely engaged in the company, to contribute more to the evolution of the Prada Group and to ease the succession of Lorenzo Bertelli, the future leader of the Group,” they said.

☆ EU clears Celanese to buy DuPont unit on divestment condition
▼ + stars: | 2022-10-12 | by ( ) www.reuters.com time to read: +1 min

Celanese announced the deal in February but had to offer remedies to address EU antitrust concerns. The combined entity would have been the largest producer of thermoplastic copolyester (TPC) in the European Economic Area and globally, with only a few alternative suppliers remaining. Register now for FREE unlimited access to Reuters.com RegisterThe EU approval is conditional on Celanese divesting its global TPC business, including its production facility in Italy and certain brands. DuPont is remoulding its portfolio to focus on high-margin electronics and water solutions businesses. Register now for FREE unlimited access to Reuters.com RegisterReporting by Charlotte Van Campenhout; editing by Philip BlenkinsopOur Standards: The Thomson Reuters Trust Principles.

☆ Blocaj, interese și acuzații de corupție în procesul de construcție a noului penitenciar din Chișinău
▼ + stars: | 2021-04-26 | by ( Daniela Calmis | ) www.zdg.md time to read: +21 min

În lipsa unui conducător, Unitatea de Implementare a Proiectului de construcție a Penitenciarului, de aproape patru luni, este în blocaj, iar Ministerul Justiției ignoră solicitările Unității de a interveni în situația de criză. Echipa Unității de implementare a Proiectului de construcție a penitenciarului, în frunte cu managerul Igor Eșanu. Astfel, peste câteva luni, în februarie 2017, MJ a făcut publică schița de proiect a noului penitenciar. Un an mai târziu, în 2019, în urma tergiversării construcției penitenciarului, costul proiectului a fost majorat cu aproape 25%. Astfel, suma împrumutului oferit de BDCE pentru construcția noului penitenciar a fost majorată cu alte zece milioane de euro.

Persons: Igor Eșanu, Liviu Duca, ZdG, ., CoE, BDCE, R ., Victor Găină, Vă Organizations: Justiției, Banca, Europei, Unității, RM, Naționale, Finanțelor, Externe, Integrării Europene, AS Group Investment, Media, Banca Națională a Moldovei, Vamal Locations: Chișinău, Penitenciarului, penitenciarului, Moldova, . Moldova, BDCE, Chişinău, Chișinăului, Curtea, Italia, Azerbaidjan, Austria, Turcia, R . Filipine

☆ Pușcăria modernă de la Bubuieci, de șapte ani doar pe hârtie; RM riscă să rateze împrumutul pentru construcția acesteia
▼ + stars: | 2020-11-17 | by ( ) www.jurnal.md time to read: +5 min

Acum 7 ani, autoritățile au decis să construiască un nou penitenciar, pentru a mai scădea numărul plângerilor depuse la CEDO. Împrumutul de 39 de milioane de euro pentru construcţia acestui nou complex penitenciar urma să fie întors din banii cetăţenilor. Au fost mai multe procedee, de predare a ofertei, ultima ofertă a fost dată pe 3 martie 2020 și pană pe data de 15 iulie oferta a fost valabilă. De atunci s-au organizat două concursuri, însă compania care va construi penitenciarul așa și nu a fost selectată. Pe de altă parte, Victor Găină susține că cea mai mare sumă pentru construcția noului penitenciar a fost propusă de compania din Italia, urmată de cea din Azeirbajan.

Persons: Justiției Oleg Efrim, Efrim, Oleg Efrim, Vladimir Grosu, Vladimir Cebotari, Victoria Iftodi, Igor Eșanu, UCGEN, Victor Găină, Găină, Nagacevschi Organizations: CEDO, Banca, Europei, Justiției, AS Group Investment, Media, AS Group, azere, italiană Locations: Republica Moldova, Chişinău, Victoria, penitenciarului, Italia, Azerbaijan, Austria, Turcia, austriacă, italiene, PKE, Azeirbajan, Chișinău

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