DIRS.INFO The most relevant business & tech news

☆ EU Nears Deal on 5 Billion Euro Military Aid Package for Ukraine, FT Reports
▼ + stars: | 2024-03-12 | by ( March | At P.M. | ) www.usnews.com time to read: 1 min

(Reuters) - European Union countries are set to agree on a new 5 billion euro ($5.46 billion) top-up to a fund used to finance military shipments to Ukraine, the Financial Times reported on Tuesday citing four officials briefed on the discussions.

Organizations: Reuters, Union, Financial Times Locations: Ukraine

☆ Management of bankrupt Volta Trucks seeking buyer - source
▼ + stars: | 2023-10-19 | by ( Nick Carey | ) www.reuters.com time to read: +2 min

A Volta Zero electric truck is seen during the 2023 Munich Auto Show IAA Mobility, in Munich, Germany, September 6, 2023. REUTERS/Angelika Warmuth Acquire Licensing RightsCompanies Volta Trucks AB FollowLONDON, Oct 19 (Reuters) - The management of bankrupt electric truck maker Volta Trucks is urgently seeking a buyer to take the company out of administration and help it complete the ramp-up to mass production, a source familiar with the issue told Reuters. The startup had picked a factory in Austria to make its trucks and had been working toward mass production. Representatives of executives at Alvarez & Marsal Europe (A&M), who have been appointed as bankruptcy administrators for Volta Trucks' UK operations, could not be reached for comment. A few, including EV parts supplier Proterra and electric pickup truck maker Lordstown Motors, have begun bankruptcy proceedings.

Persons: Angelika Warmuth, Nick Carey Organizations: REUTERS, Volta, Reuters, Volta Trucks, Management, Alvarez, Marsal Europe, EV, Lordstown Motors, Thomson Locations: Munich, Germany, Sweden, United Kingdom, Austria

Two people who know Fu told CNN that they heard from common friends she had a child through surrogacy in the US, though they did not know who the father was. Fu stopped posting on her WeChat social media account in May after returning to China from the US in April, two sources close to Fu told CNN. Fu Xiaotian, 40, was the host of a flagship talk show on Hong Kong-based Chinese broadcaster Phoenix TV. Following Qin’s disappearance, Chinese social media users have scrutinized Fu’s posts on Weibo, a popular microblogging site, where she boasts more than a million followers. She last posted on Wechat, another Chinese social media app, on May 21, the two people who know Fu told CNN.

Persons: Hong Kong CNN — China’s, Qin Gang, Fu Xiaotian, Qin, Fu, Xi Jinping, ”, Fu –, –, Qin’s, “, ” Yun Sun, Sun, That’s, Xiaotian, Zikuan Chen, Fu reminisced, Er, ’ ” Fu Organizations: Hong Kong CNN, Financial Times, Phoenix, CNN, China’s Foreign, ” CNN, China’s, Information Office, Phoenix TV, Wall Street Journal, Communist Party, Stimson, World, Cambridge University, Star, Churchill College, Gulfstream G650, Fu, Federal Aviation Administration, Gulfstream, Anchorage International, Washington DC, Qin Locations: Hong Kong, United States, Beijing, China, Washington, London, Phoenix TV’s London, Fu, Weibo, California, Chongqing, Orange County , California, Italy, alma, Los Angeles, Anchorage, Alaska, Miami

☆ Intel terminates plan to buy Tower Semiconductor
▼ + stars: | 2023-08-16 | by ( ) www.reuters.com time to read: +1 min

Tower Semiconductor is seen on smartphone in this illustration taken, February 15, 2022. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsAug 16 (Reuters) - Intel (INTC.O) said on Wednesday it has terminated its plans to acquire Israeli contract chipmaker Tower Semiconductor (TSEM.TA) as it was unable to get timely regulatory approvals for the $5.4 billion deal. Intel, which signed a deal to buy Tower last year, will pay a termination fee of $353 million to the latter, according to a statement. Intel, however, did not mention the details about the regulatory approvals. Reporting by Anirudh Saligrama in Bengaluru; Editing by Savio D'Souza and Nivedita BhattacharjeeOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Anirudh, Savio D'Souza, Nivedita Organizations: Semiconductor, REUTERS, Intel, chipmaker, Reuters, Thomson Locations: Bengaluru

☆ Fire at Russian gas station kills 25, injures 66
▼ + stars: | 2023-08-14 | by ( ) www.reuters.com time to read: +1 min

Aug 15 (Reuters) - A fire at a gas station in the southern Russian region of Dagestan killed 25 people including three children, Interfax news agency reported early on Tuesday citing regional emergency medics. The fire started at an auto repair shop on the roadside of a highway in Dagestani capital Makhachkala on Monday night and caused blasts spreading to a nearby gas station, officials said. Rescuers work to put out a fire at the accident scene following an explosion at a gas station in the city of Makhachkala, Russia, August 14, 2023. The number of people injured rose to 66, 10 of whom are in a critical condition, RIA news agency said quoting the Russian deputy health minister Vladimir Fisenko. Thirteen of the wounded are children, Interfax reported citing the Dagestani health ministry.

Persons: Vladimir Fisenko, Maria Tsvetkova, Maxim Rodionov, Chris Reese, Muralikumar Organizations: Reuters, Russian Emergencies Ministry, TASS, Thomson Locations: Russian, Dagestan, Dagestani, Makhachkala, Russia, Republic of Dagestan, Handout

☆ Fire at Russian gas station kills 27, injures 66
▼ + stars: | 2023-08-14 | by ( ) www.reuters.com time to read: +1 min

Aug 15 (Reuters) - A fire at a gas station in the southern Russian region of Dagestan killed at least 27 people including three children, Interfax news agency reported early on Tuesday citing regional emergency medics. The fire started at an auto repair shop on the roadside of a highway in Dagestani capital Makhachkala on Monday night and caused blasts as it spread to a nearby gas station, officials said. Rescuers work to put out a fire at the accident scene following an explosion at a gas station in the city of Makhachkala, Russia, August 14, 2023. At least 66 people were injured, of whom 10 were in a critical condition, Russian deputy health minister Vladimir Fisenko said giving an update on casualties, RIA news agency reported. Thirteen of the wounded were children, Interfax reported citing the Dagestani health ministry.

Persons: Vladimir Fisenko, Maria Tsvetkova, Maxim Rodionov, Chris Reese, Muralikumar Anantharaman, Simon Cameron, Moore Organizations: Reuters, Russian Emergencies Ministry, TASS, Thomson Locations: Russian, Dagestan, Dagestani, Makhachkala, Russia, Republic of Dagestan, Handout

☆ Italy sets 0.1% cap for new bank tax after market rout
▼ + stars: | 2023-08-09 | by ( ) www.reuters.com time to read: +2 min

Intesa Sanpaolo bank logo and decreasing stock graph are seen in this illustration taken March 12, 2023. REUTERS/Dado Ruvic/IllustrationROME, Aug 9 (Reuters) - Italy has set a cap at 0.1% of total bank assets for the new tax targeting profits lenders reaped from higher rates, after the surprise announcement of the new levy sparked a market sell-off on Tuesday. Italian banks closed down 7.6%, with sector leader Intesa Sanpaolo (ISP.MI) losing 8.6% and mid-sized BPER (EMII.MI) down 10.9%. In a bid to reassure markets, the Treasury late on Tuesday said the proceeds from the tax would not amount to more than 0.1% of lenders' total assets. As the European Central Bank raised official rates, banks have been hiking the cost of loans while holding off on rewarding depositors more for their cash.

Persons: Dado Ruvic, Intesa Sanpaolo, Giorgia Meloni, Alvise Armellini, Valentina Za, Stephen Coates Organizations: REUTERS, Treasury, Tuesday Citi, European Central Bank, Thomson Locations: Italy, Spain, Hungary, Rome

According to a decree signed by Putin on Sunday, the Russian state had taken control of Danone's Russian subsidiary along with beer company Carlsberg's (CARLb.CO) stake in a brewer. Yakub Zakriev, 32, a deputy prime minister of Chechnya and the republic's agriculture minister, took the post of general director of Danone Russia on Tuesday, Interfax's SPARK database of company disclosure documents in Russia showed. "Choosing him as general director of Danone Russia shows that representatives of the team of Chechen President and Hero of Russia Ramzan Akhmatovich Kadyrov are talented and successful managers," Dudayev said on his Telegram messaging app. Kadyrov, a close ally of Putin, has referred on social media to Zakriev as his "dear nephew". Danone sought alliances with big local players during the boom years, eventually gaining at least a fifth of Russia's dairy market.

Persons: Kadyrov, Danone Russia Kovalchuk, Carlsberg, Ramzan Kadyrov, Vladimir Putin, Putin, Yakub Zakriev, Akhmed Dudayev, of Russia Ramzan Akhmatovich Kadyrov, Dudayev, Zakriev, Zulai, Akhmad Kadyrov, Kadyrov's, Danone, Yuri, Mikhail Kovalchuk, Bolloev, Guy Faulconbridge, Lidia Kelly, Shubhendu, Stephen Coates, Angus MacSwan Organizations: Danone Russia, Danone, Kremlin, Sunday, Chechen, Moscow State University, Cuban Missile, Soviet, Financial Times, Shubhendu Deshmukh, Thomson Locations: MOSCOW, Russia, Ukraine, Russian, Chechnya, Grozny, Paris, Red, Soviet Union, United States, China, Baltika, St Petersburg, Moscow, Melbourne, Bengaluru

☆ Fidelity preparing to submit spot bitcoin ETF filing - The Block
▼ + stars: | 2023-06-27 | by ( ) www.reuters.com time to read: +2 min

June 27 (Reuters) - Asset management giant Fidelity is close to submitting its filing for a spot bitcoin exchange-traded fund (ETF), the Block reported on Tuesday citing a source familiar with the matter. The filing, expected as soon as Tuesday according to the report, will make Fidelity the second major asset manager in recent days to submit an ETF application. A spot bitcoin ETF is a publicly-traded investment vehicle that tracks the price of bitcoin and offers investors exposure to the asset class. Fidelity had previously dipped its toes in the crypto ETF space. It applied for a spot bitcoin ETF in 2021, but its proposal was rejected by the SEC, which said it did not meet the standards to prevent fraudulent and manipulative practices.

Persons: Gary Gensler's, Niket, Krishna Chandra Organizations: Fidelity, BlackRock, Coinbase, U.S . Securities, Exchange Commission, SEC, Thomson Locations: Bengaluru

☆ China plans a new military training facility in Cuba, Wall Street Journal reports
▼ + stars: | 2023-06-20 | by ( ) www.reuters.com time to read: 1 min

June 20 (Reuters) - China and Cuba are negotiating to establish a new joint military training facility on the island, sparking alarm in the U.S. that it could lead to the stationing of Chinese troops and other security operations just 100 miles off Florida's coast, the Wall Street Journal reported on Tuesday citing current and former U.S officials. Reporting by Jose Joseph in Bengaluru; Editing by Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.

Persons: Jose Joseph, Muralikumar Organizations: Wall Street, Thomson Locations: China, Cuba, U.S, Bengaluru

☆ Israeli attack puts Syria's Aleppo airport out of service, one soldier killed -state media
▼ + stars: | 2023-05-01 | by ( ) www.reuters.com time to read: +1 min

CAIRO, May 1 (Reuters) - An Israeli attack late on Monday killed one soldier, wounded 7 others including two civilians and put Aleppo International Airport out of service, Syrian state media reported early on Tuesday citing a military source. Syrian air defenses intercepted the Israeli missiles on the vicinity of Aleppo and shot down a number of them, Syrian state media said earlier on Monday. Israel carried out the missile attack at 23:35 p.m. southeast of Aleppo, targeting the airport and some sites in the vicinity of the Syrian city and causing some material damage, the source was quoted as saying. Israel has for years been carrying out attacks against what it has described as Iran-linked targets in Syria, where Tehran's influence has grown since it began supporting President Bashar al-Assad in the civil war that started in 2011. Reporting by Adam MakaryOur Standards: The Thomson Reuters Trust Principles.

☆ U.S. FTC asks Twitter for details on Musk's internal communications, layoffs - WSJ
▼ + stars: | 2023-03-07 | by ( ) www.reuters.com time to read: +1 min

The FTC sent 12 letters to Twitter and its lawyers since Musk's takeover in October. It also asked the company to "identify all journalists" who were granted access to company records and to provide information about the launch of the revamped Twitter Blue subscription service, the report said. The FTC is also looking to get Musk to testify in connection with the probe, the WSJ reported. Twitter, the FTC and Musk did not immediately respond to Reuters' requests for comment. Reporting by Eva Mathews in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

☆ Boris Johnson will not oppose British PM Sunak's Brexit deal - The Times
▼ + stars: | 2023-03-01 | by ( ) www.reuters.com time to read: +1 min

Feb 28 (Reuters) - Boris Johnson will not oppose British Prime Minister Rishi Sunak's Brexit deal, the Times reported on Tuesday citing allies close to the former Prime Minister Johnson. Johnson who is yet to say whether he will back Sunak's deal with the European Union on post-Brexit trade rules for Northern Ireland will not oppose the deal because "there is no rebellion", the Times report said quoting an ally. One of Johnson's allies said he was expected to be absent during votes rather than oppose Sunak's deal outright, according to the report. Johnson can "see which way the wind is blowing", the newspaper quoted one of his allies as saying. There has been speculation in Westminster that Johnson could oppose the deal which marks a high-risk strategy for Sunak who is looking to secure improved relations with Brussels - and the United States.

☆ Here are Wednesday's biggest analyst calls: Tesla, Apple, Coinbase, Shopify, Pinterest, Nvidia & more
▼ + stars: | 2023-02-22 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

"We are upgrading shares of Shopify to BUY from Neutral, as we believe the > 20% selloff post earnings has created an attractive entry point." Morgan Stanley reiterates Home Depot and Walmart as overweight Morgan Stanley said it's standing by its overweight ratings on shares of Home Depot and Walmart after the company's reported earnings on Tuesday. Morgan Stanley also trimmed its price target on Walmart to $160 per share from $161. Morgan Stanley reiterates Apple as overweight Morgan Stanley said the tech giant remains underowned among large-cap institutional investors. Morgan Stanley reiterates Salesforce as overweight Morgan Stanley said expectations are "low" and "mixed" ahead of the company's earnings report.

☆ U.S. Labor Secretary Walsh to depart Biden administration, source says
▼ + stars: | 2023-02-07 | by ( ) www.reuters.com time to read: +1 min

Biden, set to delivers his State of the Union address to Congress later on Tuesday, relied on Walsh to negotiate labor talks that helped avert a railway shutdown in September. Walsh will step down in the days following Biden's address, the Daily Faceoff, a hockey news website, reported on Tuesday citing sources. Walsh then be installed as executive director of the NHL labor union, the website reported. The NHL Players' Association did not immediately respond to a request for comment. Council of Economic Advisers chair Cecilia Rouse and National Economic Council director Brian Deese are expected to depart in the coming weeks.

☆ U.S. Labor Secretary Walsh to step down -source
▼ + stars: | 2023-02-07 | by ( ) www.reuters.com time to read: 1 min

WASHINGTON, Feb 7 (Reuters) - U.S. Labor Secretary Marty Walsh will step down from his position, a person with knowledge of the matter said on Tuesday, and media reports said he would take on a new position as head of the National Hockey League (NHL) Players' Association. Walsh will step down in the days following Tuesday's State of the Union address by President Joe Biden, the Daily Faceoff, a hockey news website, reported on Tuesday citing sources. The White House declined to comment. Reporting by Nandita Bose and Rami Ayyub;Our Standards: The Thomson Reuters Trust Principles.

☆ Spain's ride-hailing Cabify plans IPO within 12-15 months -El Confidencial
▼ + stars: | 2023-01-10 | by ( ) www.reuters.com time to read: +1 min

MADRID, Jan 10 (Reuters) - Spanish ride-hailing app Cabify plans to list its shares on the stock market within 12 to 15 months, local news website El Confidencial reported on Tuesday citing unidentified sources closed to the company's management. The company's valuation would be close to 2 billion euros ($2.2 billion), El Confidencial added, citing other unidentified financial sources. The company, which has a large presence in Spain and Latin America, is one of Spain's few unicorns, or start-up companies with a valuation above 1 billion euros. Cabify is working with Morgan Stanley on the listing, El Confidencial said. A spokesperson for Cabify declined to comment and a Morgan Stanley official was not immediately able to comment.

☆ U.S. probes how $370 million vanished in hack after FTX bankruptcy - Bloomberg News
▼ + stars: | 2022-12-27 | by ( Industry Insight | Saw Law Firms Move Past The Pandemic Into A More Client-Focused Service Environment | Thomson Reuters Institute | ) www.reuters.com time to read: +1 min

Dec 27 (Reuters) - Federal prosecutors are investigating an alleged cybercrime that drained more than $370 million from crypto exchange FTX hours after it filed for bankruptcy, Bloomberg News reported on Tuesday citing a person familiar with the case. The criminal probe into the stolen assets, launched by the Department of Justice is separate from fraud case against FTX co-founder Sam Bankman-Fried, the report added. FTX filed for U.S. bankruptcy last month and Bankman-Fried stepped down as chief executive, after traders pulled billions from the platform in three days and rival exchange Binance abandoned a rescue deal. The U.S. Department of Justice accused Bankman-Fried of causing billions of dollars of losses related to FTX, which a U.S. prosecutor called a "fraud of epic proportions." The FTX collapse has fanned fears about the future of the crypto industry after the beleaguered exchange outlined a "severe liquidity crisis".

☆ Yahoo eyes retail stock trading in growth push - Axios
▼ + stars: | 2022-11-29 | by ( ) www.reuters.com time to read: +1 min

Nov 29 (Reuters) - Yahoo plans to add retail stock trading and enter new commerce and transaction businesses such as sports betting in a move to boost its revenue, news website Axios reported on Tuesday citing an unnamed company source. The owner of websites such as Yahoo Finance, Yahoo Sports and TechCrunch generates around $8 billion in revenue annually, the report said. Private equity firm Apollo Global Management, which owns Yahoo following a $5 billion buyout last year, did not immediately respond to a Reuters request for comment. The report comes a day after Yahoo said it will buy nearly 25% of Taboola.com Ltd (TBLA.O) and become its largest shareholder, allowing the online advertising company to exhibit paid content on the web portal's many sites. Reporting by Tiyashi Datta in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

☆ Crypto lender Genesis hires restructuring adviser - New York Times
▼ + stars: | 2022-11-22 | by ( ) www.reuters.com time to read: +1 min

Nov 22 (Reuters) - Troubled cryptocurrency lender Genesis Global Capital has hired investment bank Moelis & Company to explore options including a potential bankruptcy, the New York Times reported on Tuesday citing three people familiar with the matter. The company has not yet made a final decision on bankruptcy and it was still possible to be averted, the NYT added. Earlier this month, crypto exchange FTX filed for U.S. bankruptcy protection in the highest-profile crypto blowup to date, after traders pulled billions from the platform in three days and rival exchange Binance abandoned a rescue deal. The collapse of FTX has sparked worries of a contagion effect on other firms already reeling from dampened crypto market this year. On Monday, Genesis had asserted it had no plans to file bankruptcy imminently, days after it suspended customer redemptions citing the collapse of FTX.

☆ Iran sends drone trainers to Crimea in latest sign of deepening relations between the country and Russia
▼ + stars: | 2022-10-19 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

Iran sent personnel to Russia train Russian soldiers in flying Iranian drones, according to US officials. Russia in recent days has used the Iranian drones in a series of attacks throughout Ukraine. "The presence of Iranian trainers on the ground in Russian-occupied Ukraine would further implicate Iran in assisting Russia's unprovoked and brutal war, including attacks on Ukrainian civilians." Russia in recent days has relied on Iranian drones in a series of attacks targeting civilian and electrical infrastructure. Russia initially sent its operatives to Iran to remedy the errors, but Iran in recent weeks has opted instead to send its trainers into Crimea, according to reports.

☆ Kuwait says OPEC+ decision was unanimous, based on economic studies -state news agency
▼ + stars: | 2022-10-18 | by ( ) www.reuters.com time to read: 1 min

DUBAI, Oct 18 (Reuters) - Kuwait said that the recent OPEC+ decision to cut oil output was taken collectively and based on economic studies of international oil markets, state news agency KUNA reported on Tuesday citing the foreign ministry. Register now for FREE unlimited access to Reuters.com RegisterReporting by Alaa Swilam; Writing by Lina NajemOur Standards: The Thomson Reuters Trust Principles.

☆ Oil prices mixed as Hurricane Ian output cuts support, dollar weighs
▼ + stars: | 2022-09-28 | by ( Laila Kearney | ) www.reuters.com time to read: +2 min

SummarySummary Companies API shows U.S. crude, distillate stocks rise -market sourcesProducers begin returning workers to oil platforms in U.S. GulfSept 28 (Reuters) - Oil prices were mixed in early Asian trade on Wednesday as support from U.S. production cuts caused by Hurricane Ian contended with crude storage builds and a strong dollar. Personnel were evacuated from 14 production platforms and rigs, the BSEE said. Ian is the first hurricane this year to disrupt oil and gas production in the U.S. Gulf of Mexico, which produces about 15% of the nation's crude oil and 5% of dry natural gas. Estimates of U.S. oil in storage also sent mixed messages about oil prices. Distillate stocks rose by about 438,000 barrels, according to the sources, who spoke on condition of anonymity.

☆ Apple stock drops on concerns about iPhone 14 demand
▼ + stars: | 2022-09-28 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +1 min

CNN Business —Shares of Apple fell 4% in early trading Wednesday amid concerns about demand for the company’s latest lineup of iPhones. Apple (AAPL) is said to have abandoned efforts to increase production of its iPhone 14 lineup by 6 million units in the second half of this year after lower-than-expected demand, according to a Bloomberg report on Tuesday citing unnamed sources familiar with the matter. The company is now said to be planning to produce about 90 million iPhone 14 units in that time period, roughly in line with the year prior, according to the report. The iPhone 14 went on sale earlier this month, with mostly incremental updates. But the biggest change is arguably the lock screen, which now has an always-on display, similar to Android devices.

☆ Apollo Global exploring takeover of Ryder System - Bloomberg
▼ + stars: | 2022-09-27 | by ( ) www.reuters.com time to read: +1 min

Sept 27 (Reuters) - Apollo Global Management (APO.N) is exploring a takeover of freight services provider Ryder System (R.N), Bloomberg News reported on Tuesday citing people with knowledge of the matter. Apollo and Ryder did not immediately respond to Reuters requests for comment. The potential bid comes months after Ryder rejected hedge fund HG Vora Capital Management's offer to acquire the company for $4.4 billion. Last month, Apollo led a group to take air-freight company Atlas Air Worldwide Holdings Inc (AAWW.O) private for nearly $3 billion. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Kannaki Deka in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

Search resuls for: "Tuesday Citi"

25 mentions found