DIRS.INFO The most relevant business & tech news

☆ Watch CNBC's full interview with Unlimited Funds' Bob Elliott and Macquarie Group's Thierry Wizman
▼ + stars: | 2023-05-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Unlimited Funds' Bob Elliott and Macquarie Group's Thierry WizmanBob Elliott, Unlimited Funds co-founder, CEO and CIO, and Thierry Wizman, Macquarie Group global interest rates and foreign exchange strategist, join 'Closing Bell Overtime' to discuss the debt ceiling agreement, market reaction, and more.

Persons: Bob Elliott, Macquarie, Thierry Wizman Bob Elliott, Thierry Wizman Organizations: Funds, Macquarie Group

May 28 (Reuters) - Good news of a tentative deal for the U.S. debt ceiling impasse may quickly turn out to be bad news for financial markets. "That's where the debt ceiling matters." In that case, "the impact on broader financial markets would likely be relatively muted," Daniel Krieter, director of fixed income strategy, BMO Capital Markets, said in a report. Some bankers said they fear financial markets may not have accounted for the risk of a liquidity drain from banks' reserves. Bankers put it to hope that the debt ceiling impasse would be resolved without significant dislocation to markets, but warn that's a risky strategy.

☆ ANALYST VIEW Investors react to tentative US debt ceiling deal
▼ + stars: | 2023-05-28 | by ( ) www.reuters.com time to read: +3 min

Where there were the most distortions from the uncertainty was in the credit markets and in the Treasury bill market... And so, I think Treasury bond yields will stay high for a while that supply is absorbed. "As far as the dollar goes, I'm inclined to think that it could strengthen the dollar a little bit because it will weaken the argument for de-dollarization. But not by much just a little bit more, because the dollar has already strengthened in the last few weeks quite a bit." Or whether those matters are going also going to be resolved with a long-term deal.

☆ Elon Musk pulled Twitter from the EU's anti-disinformation agreement and continues to troll with alt-right memes and dogwhistles. It could be a sign he'll close the site to Europe completely.
▼ + stars: | 2023-05-28 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +5 min

European Commissioner Thierry Breton said Twitter pulled out of the EU's disinformation agreement. The law, which establishes requirements for monitoring and flagging disinformation, would make the now voluntary agreement mandatory for large social media sites. "Twitter leaves EU voluntary Code of Practice against disinformation. Politico reported Breton had previously warned Musk that Twitter could be banned from the EU if it fails to abide by the rules. While Musk has withdrawn Twitter from the EU disinformation agreement, he continues to troll by posting content that skirts the lines of potentially being flagged under the DSA and another EU content policy regarding hate speech.

☆ Twitter cannot hide from EU rules after exit from code, EU's Breton says
▼ + stars: | 2023-05-26 | by ( Foo Yun Chee | ) www.reuters.com time to read: +1 min

BRUSSELS, May 26 (Reuters) - Twitter cannot run away from its obligations even after quitting a voluntary EU code of practice to tackle disinformation, EU industry chief Thierry Breton warned the company late on Friday. Companies which signed up to the code are required to provide regular progress reports with data on how much advertising revenue they had averted from disinformation actors. "Twitter leaves EU voluntary code of practice against disinformation. You can run but you can't hide," Breton said in a tweet. Twitter, which no longer has a public relations department, responded to an emailed request for comment with a poop emoji.

☆ Big 'Ted Lasso' fan Guardiola could not pass up chance at cameo
▼ + stars: | 2023-05-26 | by ( Lori Ewing | ) www.reuters.com time to read: +2 min

MANCHESTER, England, May 26 (Reuters) - As a big fan of Apple TV's popular soccer comedy "Ted Lasso", Manchester City manager Pep Guardiola said he was happy to appear as himself on the show's penultimate episode that aired this week. "As a family, my little daughter Valentina and my wife, we enjoy a lot to watch the show," Guardiola told a press conference on Friday. "We are big fans, and when they offered a cameo, I said why not and I could meet the actors. The fictional AFC Richmond beat City in the episode called "Mom City", and Lasso, played by Jason Sudeikis, and Guardiola shake hands after the game ends. The scene was shot before an actual City game at the Etihad and the cast and crew returned to watch a recent game there.

SummarySummary Companies OpenAI CEO reverses earlier threat to leave EuropeSays had productive week of conversations about regulating AIEU lawmakers were critical about OpenAI's threat regionMay 26 (Reuters) - OpenAI has no plans to leave Europe, CEO Sam Altman said on Friday, reversing a threat made earlier this week to leave the region if it becomes too hard to comply with upcoming laws on artificial intelligence. "We are excited to continue to operate here and of course have no plans to leave," Altman said in a tweet on Friday. His threat of quitting Europe had drawn criticism from EU industry chief Thierry Breton and a host of other lawmakers. He called his tour a "very productive week of conversations in Europe about how to best regulate AI!" OpenAI first clashed with regulators in March, when Italian data regulator Garante shut the app down domestically, accusing OpenAI of flouting European privacy rules.

☆ Scorsese's eagerly awaited 'Killers of the Flower Moon' premieres at Cannes
▼ + stars: | 2023-05-20 | by ( ) www.reuters.com time to read: +1 min

[1/7] The 76th Cannes Film Festival - Screening of the film "Killers of the Flower Moon" Out of Competition - Red Carpet Arrivals - Cannes, France, May 20, 2023. Cast members Tantoo Cardinal, Leonardo... Read moreCANNES, May 20 (Reuters) - Martin Scorsese's "Killers of the Flower Moon," one of the most anticipated premieres of this year's Cannes Film Festival, had the red carpet abuzz on Saturday evening as its star-studded cast attracted throngs of fans to the Croisette boulevard. Apple has teamed up with Paramount Pictures to release the film exclusively in theatres on Oct. 6 before streaming it - one of the preconditions of being eligible to compete at Cannes. Scorsese won Cannes' top prize with 1976's "Taxi Driver," starring De Niro. Reporting by Miranda Murray; editing by Clelia OzielOur Standards: The Thomson Reuters Trust Principles.

☆ EU's Breton: TikTok still a long way from EU rules compliance
▼ + stars: | 2023-05-19 | by ( ) www.reuters.com time to read: +1 min

PARIS, May 19 (Reuters) - EU industry chief Thierry Breton said on Friday he had recently spoken with TikTok Chief Executive Shou Zi Chew and told him there was still a lot to do for the Chinese-owned social network in order to comply with EU rules. Various Western countries including Britain, the United States and several European Union member states have already restricted the use TikTok over security concerns. The EU last month singled out 19 large online platforms, including TikTok, which will be subject to the Digital Services Act (DSA), a set of new online content rules from August. The rules require the companies to do risk management, conduct external and independent auditing, share data with authorities and researchers and adopt a code of conduct. A few months ago, Breton had already urged TikTok to bring its business in line with the EU's Digital Services Act (DSA).

☆ 'He'll do anything to come for you': Bang Bang, the tattoo artist to stars like Rihanna and Justin Bieber, is a controlling, vindictive boss, ex-employees say
▼ + stars: | 2023-05-18 | by ( Melkorka Licea | ) www.businessinsider.com time to read: +31 min

Yet some former Bang Bang employees said that McCurdy's meticulously curated image as a thoughtful progressive in a rough-and-tumble industry wasn't much more than good PR. At Bang Bang, "they just woke-wash everything," one former employee said. This kind of behavior extended to other Bang Bang employees. Ganser, the Bang Bang manager, also sent Wang a text comparing her behavior to her father's, who was in prison. Photo by Gotham/GC ImagesNearly a decade after opening the first Bang Bang shop, McCurdy still sees himself as a trailblazer.

☆ ‘Indiana Jones and the Dial of Destiny’ Premieres at Cannes: First Reaction
▼ + stars: | 2023-05-18 | by ( Manohla Dargis | ) www.nytimes.com time to read: +1 min

On Thursday, Harrison Ford stood before a rapturous crowd at the Cannes Film Festival and reminded us that Tom Cruise isn’t the last movie star. That history was on display in a snappy, coherently edited homage that got the evening started. In the late 1960s, Demy had wanted to cast the then-unknown Ford in “Model Shop” but couldn’t convince the studio to hire him. Demy settled for another actor, but he and Varda remained friends with Ford. Rather anticlimactically, Frémaux also presented Ford an honorary Palme d’Or.

☆ Johnny Depp emotional after 7 minute standing ovation at Cannes
▼ + stars: | 2023-05-17 | by ( Lisa Respers France | ) edition.cnn.com time to read: +1 min

CNN —Johnny Depp was teary eyed after his film’s warm welcome at the Cannes Film Festival on Tuesday. Video shared on social media by Variety shows a visibly moved Depp during a seven minute ovation for his film, “Jeanne du Barry,” in which he stars as the former King of France Louis XV. It was the actor’s first film project since a defamation trial with his ex-wife Amber Heard last summer. A jury found them both liable for defamation in their lawsuits against each other, but awarded significantly more damages to Depp. “The film is a success, and Johnny Depp [as Louis XV] is magnificent in it.”

☆ At Cannes, independent film firms optimistic as streamers stumble
▼ + stars: | 2023-05-17 | by ( Miranda Murray | Thomson Reuters | Speed Editor On The Berlin Hub Who Provides General Coverage On Everything Politics To Energy In Germany | ) www.reuters.com time to read: +4 min

CANNES, May 17 (Reuters) - Independent film companies facing a market upended by the entry of streaming services are showing some optimism heading into this year's Cannes Film Festival as the Netflix era has begun flattening out and audiences start trickling back into cinemas post-pandemic. Cannes may make headlines for its glitz and glamour, but as the world's largest event for buying and selling movie rights, its importance to the industry is unparalleled. "It's a transitional time on the business side as the traditional business model that independent buyers use sees lessened value," said O'Shea. The similarity among much of the content offered on streaming platforms leaves theatre audiences wanting something different, an unmet appetite that independent companies could fulfil, he said. "Something good is happening, and I'm sure other streaming services will follow suit," Cannes Film Festival director Thierry Fremaux said in an interview with Le Film francais magazine in April.

☆ Nicolas Sarkozy: Former French president ordered to wear electronic tag after losing corruption appeal
▼ + stars: | 2023-05-17 | by ( Dalal Mawad | ) edition.cnn.com time to read: +2 min

CNN —Former French President Nicolas Sarkozy has lost his appeal against a 2021 conviction for corruption and influence-peddling at the Paris court of appeals. The court on Wednesday upheld his initial sentence of three years of prison, with Sarkozy being required to wear an electronic bracelet under house arrest for one year, and two years suspended. “Nicolas Sarkozy is innocent,” his lawyer Jacqueline Laffont ttold CNN affiliate BFMTV on her way out of court. Sarkozy, who served as president between 2012 and 2017, has been convicted twice in separate cases since leaving office, both of which he has appealed. He also faces a number of other investigations including one into allegations of illegal campaign funding from Libya.

☆ EU must build cutting-edge computer chips - industry chief Breton
▼ + stars: | 2023-05-16 | by ( ) www.reuters.com time to read: +2 min

ANTWERP, May 16 (Reuters) - EU industry chief Thierry Breton on Tuesday touted the European Chips Act passed last month, saying Europe must manufacture its own cutting-edge computer chips and not be relegated to a position on research or in building relatively older chips. The Chips Act is Europe's answer to similar plans to encourage the manufacture of semiconductors in the U.S. and China, as well as in Taiwan, South Korea and Japan. He also rejected the idea that Europe should only focus on existing strengths in making relatively older chips, mostly for its car industry. He was speaking at an event hosted by Interuniversity Microelectronics Centre (IMEC), one of Europe's top semiconductor research firms. He noted that the Chips Act has led to new projects planned by Intel, Infineon, STMicroelectronics and Global Foundries.

☆ Johnny Depp marks celebrity comeback with Cannes opening film
▼ + stars: | 2023-05-16 | by ( ) www.reuters.com time to read: +3 min

[1/3] The 76th Cannes Film Festival - Opening ceremony and screening of the film "Jeanne du Barry" Out of competition - Red Carpet arrivals - Cannes, France, May 16, 2023. Johnny Depp poses. REUTERS/Yara... Read moreCANNES, May 16 (Reuters) - Johnny Depp seemed back in full celebrity mode on Tuesday, signing autographs and taking pictures with fans before the premiere of the Cannes Film Festival's opening film "Jeanne du Barry," which marks the actor's first major role since his high-profile defamation trial. "There are hundreds of film festivals all around the world, but there's only one Cannes," Douglas told the crowd. "Even the casting - some would say stunt casting - of Johnny Depp as the king offers a few early thrills and then mostly yawns," wrote The Hollywood Reporter.

☆ Cannes Film Festival 2023 kicks off with 'all killer, no filler' line-up
▼ + stars: | 2023-05-15 | by ( ) www.reuters.com time to read: +4 min

"We have 'Indiana Jones,' we've got Martin Scorsese's new film with Leonardo DiCaprio. Festival director Thierry Fremaux pushed back against criticism that Depp was a controversial choice for an opening-night film, telling Variety magazine the actor had not been banned from working. Other jury members include Brie Larson of "Captain Marvel" and Julia Ducournau, one of two women to win the Palme d'Or. Out of competition, Harrison Ford will return as adventurous archaeologist Indiana Jones, 15 years since the last film in the franchise, in the world premiere of "Indiana Jones and the Dial of Destiny" on Thursday. Festival organizers are concerned the unrest seen during the pension reform protests could also make its way to the festival, said Roxborough.

☆ Cannes director open to letting green activists onto red carpet
▼ + stars: | 2023-05-15 | by ( ) www.reuters.com time to read: +2 min

CANNES, May 15 (Reuters) - Cannes Film Festival director Thierry Fremaux said on Monday he was open to letting climate demonstrators onto the red carpet, as the showbiz extravaganza prepared to launch amid bursts of activism on both sides of the Atlantic. But the confluence of at least three major protest movements has put unusual pressure on the organisers. "It's not impossible that we will welcome them at the top of the steps to express themselves," he added. It was too early to tell what effect the writer's strike would have on the festival, he said, but the right to strike had to be respected. Reporting by Miranda Murray and Mindy Burrows; Editing by Andrew HeavensOur Standards: The Thomson Reuters Trust Principles.

☆ Alphabet CEO to meet EU industry chief Breton, EU deputy chief May 24
▼ + stars: | 2023-05-12 | by ( ) www.reuters.com time to read: 1 min

BRUSSELS, May 12 (Reuters) - Alphabet (GOOGL.O) Chief Executive Officer Sundar Pichai will meet European Commission deputy chief Vera Jourova and EU industry chief Thierry Breton in Brussels on May 24, according to the European Commission's agenda on Friday. Breton is in charge of digital rules that will require Alphabet's Google and other tech giants to allow business users to access data generated on its platform, among other obligations. A list of don'ts include a ban on treating their services and products more favourably than rivals. Another set of new EU tech rules requires Google and other tech giants to do more to tackle illegal online content on their platforms. Reporting by Foo Yun Chee, Editing by Louise HeavensOur Standards: The Thomson Reuters Trust Principles.

☆ Siemens, SAP say EU draft Data Act puts trade secrets at risk
▼ + stars: | 2023-05-07 | by ( Foo Yun Chee | ) www.reuters.com time to read: +2 min

[1/2] A sign with the logo of Siemens company is on display outside its office in Moscow, Russia, May 12, 2022. REUTERS/Evgenia NovozheninaBRUSSELS, May 8 (Reuters) - German business software maker SAP (SAPG.DE) and German engineering company Siemens (SIEGn.DE) have joined U.S. tech giants in criticising draft EU laws on the use of data generated by smart gadgets and other consumer goods. EU countries and EU lawmakers are working on the details of the Data Act, proposed by the European Commission last year before it can be adopted as legislation. U.S. criticisms have included that the proposed law is too restrictive, while the German companies say a provision forcing companies to share data with third parties to provide aftermarket or other data-driven services could endanger trade secrets. "Effectively, this could mean that EU companies will have to disclose data to third-country competitors, notably those not operating in Europe and against which the Data Act's safeguards would be ineffective," they said.

☆ Wrexham to play in seven-on-seven tournament in North Carolina
▼ + stars: | 2023-05-05 | by ( ) www.reuters.com time to read: +1 min

May 5 (Reuters) - Wrexham, the newly-promoted Welsh club owned by actors Ryan Reynolds and Rob McElhenney, will compete in a seven-on-seven tournament in early June in Cary, North Carolina. The 32-team event from June 1-4 called The Soccer Tournament will consist of a group stage and knockout rounds capped by a winner-takes-all $1 million championship game. They will begin the group stage of The Soccer Tournament on June 1 against Italian Serie B club Como 1907, whose ownership group includes soccer greats Thierry Henry and Cesc Fabregas. Earlier this week, it was announced that Wrexham will play a July 22 friendly in California against Major League Soccer reserve team LA Galaxy II. Two other U.S. fixtures had already been set, with Wrexham facing Chelsea in Chapel Hill, North Carolina, and Manchester United in San Diego, California, on July 19 and 25 respectively.

☆ Auto giants are setting their sights on a new growth market for EVs: India
▼ + stars: | 2023-05-04 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +3 min

When it comes to electric cars, however, the country is playing a game of catch up. During a recent interview with CNBC's Charlotte Reed, Thierry Koskas accepted that the market in India was "just starting." Citroën India, which launched the fully electric ë-C3 in Feb. 2023, is not alone when it comes to making a move in India's nascent electric car sector. According to the IEA, Tata was responsible for more than 85% of battery electric vehicle sales within India last year. Other Indian firms jostling for position in the sector include Mahindra and Mahindra and Ola Electric.

☆ EU plans to boost ammunition production to aid Ukraine
▼ + stars: | 2023-05-02 | by ( ) www.reuters.com time to read: +2 min

BRUSSELS, May 2 (Reuters) - The European Union's executive wants to set aside more than 500 million euros ($550 million) to increase ammunition production to help Ukraine and replenish the stocks of EU member countries. Under a plan to be presented by the European Commission on Wednesday, the EU would give subsidies to European arms firms for investments that increase production of ammunition and missiles. The latest element of the ammunition drive aims to give arms firms incentives to increase their production. It would set aside 500 million euros from the EU budget to part-finance projects that increase capacity. Breton said the EU had a substantial industrial base for the production of ammunition but "it does not have the scale today to meet the security needs of Ukraine and our Member States".

REUTERS/Florence Lo/Illustration/File PhotoLONDON/STOCKHOLM, April 28 (Reuters) - As recently as February, generative AI did not feature prominently in EU lawmakers' plans for regulating generative artificial intelligence (AI) technologies such as ChatGPT. LAST-MINUTE CHANGESSince launching in November, ChatGPT has become the fastest growing app in history, and sparked a flurry of activity from Big Tech competitors and investment in generative AI startups like Anthropic and Midjourney. THE TERMINATORUntil recently, MEPs were still unconvinced that generative AI deserved any special consideration. In February, Tudorache told Reuters that generative AI was "not going to be covered" in-depth. But Tudorache and his colleagues now agree on the need for laws specifically targeting the use of generative AI.

☆ We're making 'significant' investments in artificial intelligence, says Indian IT services firm
▼ + stars: | 2023-04-28 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're making 'significant' investments in artificial intelligence, says Indian IT services firmThierry Delaporte, CEO of Wipro, says he's very bullish about artificial intelligence.

Search resuls for: "Thierry"

25 mentions found