DIRS.INFO The most relevant business & tech news

☆ Beijing expects foreigners to trust, not verify
▼ + stars: | 2023-05-05 | by ( Pete Sweeney | Thomson Reuters | Asia Economics Editor Pete Sweeney Joined Reuters Breakingviews In Hong Kong In September Previously He Served As Reuters' Chief Correspondent For China Economy | ) www.reuters.com time to read: +4 min

In recent months, Chinese investigators have detained employees of U.S. due-diligence firm Mintz Group, visited consultancy Bain & Company and suspended auditor Deloitte’s Beijing operations for three months. Security watchdogs have restricted overseas access to financial data providers like Wind Information, as well as academic database China National Knowledge Infrastructure. Local banks loaned 3.9 trillion yuan ($560 billion) in March alone while corporations issued 328 billion yuan of bonds. Besides Wind, other Chinese data providers including company databases Qichacha and TianYanCha have stopped opening to offshore users, according to three of the sources. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ India's Adani Ports sells Myanmar port for a discounted $30 mln
▼ + stars: | 2023-05-04 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, May 4 (Reuters) - India's Adani Ports and Special Economic Zone Ltd (APSE.NS) said on Thursday that it has completed the sale of its port in sanction-hit Myanmar for $30 million, significantly lower than its investment in the project. Inputs from key minority shareholders were a key driver in the company's decision to exit the project, Adani Ports previously said, reiterating it would not engage with a sanctioned entity. However, a source familiar with the matter said Adani Ports had invested $195 million in the greenfield project, which had not become operational yet. Adani Ports did not immediately respond to Reuters' request for comment. Shares of Adani Ports rose as much as 1.2% after the announcement.

☆ Emerson's quarterly earnings beat shows skeptical investors the industrial is back on track
▼ + stars: | 2023-05-03 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Emerson stock climbed roughly 4% in midday trading, to more than $85 a share. Quarterly commentary Amid mounting economic uncertainty, Emerson's end-markets remain healthy, with underlying sales expected to continue to grow about 7% for the remainder of the year. It's hybrid manufacturing business is seeing underlying sales grow at a high-single-digit percentage, driven by strong reshoring trends in life sciences and investment in lithium and battery metals. And in its discrete manufacturing business, Emerson continues to forecast mid-single-digit underlying sales growth thanks to battery manufacturing investments in the U.S. and Asia. Guidance For Emerson's fiscal third quarter, management expects net sales growth in the range of 10.5% to 12.5% and underlying sales growth in the range of 10% to 12%.

☆ UN says Taliban envoy can meet Pakistan, China ministers next week
▼ + stars: | 2023-05-01 | by ( Michelle Nichols | ) www.reuters.com time to read: +2 min

UNITED NATIONS, May 1 (Reuters) - A U.N. Security Council committee on Monday agreed to allow the Taliban administration's foreign minister Amir Khan Muttaqi to travel to Pakistan from Afghanistan next week to meet with the foreign ministers of Pakistan and China, diplomats said. Muttaqi has long been subjected to a travel ban, asset freeze and arms embargo under Security Council sanctions. According to a letter to the 15-member Security Council Taliban sanctions committee, Pakistan's U.N. mission requested an exemption for Muttaqi was to travel between May 6-9 "for a meeting with the foreign ministers of Pakistan and China." The Taliban seized power in August 2021 as U.S.-led forces withdrew after 20 years of war. The Security Council committee allowed Muttaqi to travel to Uzbekistan last month for a meeting of the foreign ministers of neighboring countries of Afghanistan to discuss urgent peace, security, and stability matters.

☆ I'm a tech exec who starts every day with a 3-minute cold plunge. My mind has never been sharper.
▼ + stars: | 2023-04-30 | by ( Robin Madell | ) www.businessinsider.com time to read: +7 min

I'm one of those people who starts each day with a cold plunge for productivity and stress reduction. My morning cold plunge is usually the most challenging part of my day, so everything after that is much easier. I decided to convert a chest freezer into a full cold plungeMargist building his cold plunge. Now when I sit down at my desk after my cold plunge, I'm wide awake, focused, and ready to dive into deep work. Cold plunging has helped me manage my fight-or-flight response in stressful work or life situationsI find myself feeling less emotional during tough conversations after taking a cold plunge.

☆ Writers, Seeking Pay Change for the Streaming Era, Prepare to Strike
▼ + stars: | 2023-04-30 | by ( Brooks Barnes | ) www.nytimes.com time to read: +1 min

When the most recent Hollywood strike took place — 16 years ago — the internet had not yet transformed the television and movie businesses. The superhero boom had begun for movie studios, and DVDs generated $16 billion in annual sales. Movie studios, stung by poor ticket sales for dramas and comedies, have retreated almost entirely to franchise spectacles. It’s a streaming world now. The formulas that studios use to pay television and movie creators, setting the stage for another strike.

CNN —President Joe Biden and first lady Jill Biden capped South Korean President Yoon Suk Yeol’s official state visit with a glamorous state dinner at the White House Wednesday night to celebrate the two nations’ 70-year alliance. May we do it together for another 170 years.”But Biden wasn’t the only leader who took the mic. Following a round of musical performances, his South Korean counterpart joined him on stage to give his own – a karaoke rendition of Don McClean’s “American Pie” – which received a standing ovation from the crowd. The elaborate dinner is the result of weeks of careful diplomatic preparations, with each detail meticulously planned by a team of White House chefs, social staff, and protocol experts. U.S. President Joe Biden and first lady Jill Biden pose with South Korea's President Yoon Suk Yeol and first lady Kim Keon Hee in front of the Grand Staircase of the White House before an official State Dinner, in Washington, U.S. April 26, 2023.

☆ Lightshed's Rich Greenfield on Microsoft-Activision deal: This was a very logical merger
▼ + stars: | 2023-04-26 | 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 EmailLightshed's Rich Greenfield on Microsoft-Activision deal: This was a very logical mergerRich Greenfield, LightShed Partners co-founder, joins 'Squawk Box' to discuss the news of UK regulators blocking the Microsoft-Activision deal, YouTube ad revenue decline, the state of streaming, and more.

☆ Watch CNBC's full interview with LightShed Partners' Rich Greenfield
▼ + stars: | 2023-04-26 | 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 LightShed Partners' Rich GreenfieldRich Greenfield, LightShed Partners co-founder, joins 'Squawk Box' to discuss the news of UK regulators blocking the Microsoft-Activision deal, YouTube ad revenue decline, the state of streaming, and more.

Russian Foreign Minister Sergey Lavrov holds a press conference during the 77th session of the United Nations General Assembly (UNGA) at U.N. headquarters on September 24, 2022 in New York City. Stephanie Keith | Getty ImagesUNITED NATIONS — When Russian Foreign Minister Sergey Lavrov takes the helm of the United Nations Security Council on Monday it will be against a backdrop of mounting allegations of Russian war crimes reported across Ukraine. Since then, the war has claimed the lives of more than 8,500 civilians, led to nearly 14,000 injuries and displaced more than 8 million people, according to United Nations' own estimates. Lvova-Belova told the Security Council on April 5 that the transfer of Ukrainian children to Russia was part of a humanitarian campaign. In some cases, the commission found that Ukrainian forces committed war crimes against Russian troops, though those incidents were less frequent.

Lavrov, who flew from Moscow to New York to preside over the Security Council, defended his country's "special military operation" in Ukraine in opening remarks before the international forum. Lavrov then blamed the United States for exacerbating geopolitical challenges around the world, including tensions between China and Taiwan. "Today it's Ukraine, but tomorrow it could be another country, another small nation that is invaded by its larger neighbor," she added. In direct remarks to Lavrov, Thomas-Greenfield reiterated calls for the immediate release of Wall Street Journal reporter Evan Gershkovich and former U.S. Marine Paul Whelan, whose sister attended the meeting. "I want minister Lavrov to look into her eyes and see her suffering.

☆ The Janes 1960s underground abortion network
▼ + stars: | 2023-04-23 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +28 min

The group was officially created in 1969 as the “Abortion Counseling Service of Women’s Liberation.”But after running ads in an underground newspaper: “Pregnant? “It wasn’t just abortion,” Barron explained. “Vacuum aspiration was much easier to do, and I think it’s less difficult for the woman,” Scott said. We had to keep the service running.”Laura Kaplan volunteered for the Janes, later immortalizing the group in her book, "The Story of Jane: The Legendary Underground Feminist Abortion Service." Each Jane was charged with 11 counts of abortion and conspiracy to commit abortion, with a possible sentence of up to 110 years in prison.

Jefferies says it's "bowling for a strike" with Bowlero shares. Analyst Randal Konik initiated coverage of the bowling center operator with a buy rating in a report issued Wednesday. Jefferies has a $23 price target on Bowlero shares, implying that the stock could soar 51% from where it closed Tuesday. Konik believes Bowlero has "significant white space opportunity" both in the U.S. and internationally. "The Street underappreciates the potential upside from these initiatives, and we see robust [free cash flow] generation ahead," he added.

☆ UN predicts Afghan economy would contract if aid drops 30%
▼ + stars: | 2023-04-18 | by ( Charlotte Greenfield | ) www.reuters.com time to read: +2 min

April 18 (Reuters) - Afghanistan's economy will contract, inflation will rise and liquidity will fall if there is a 30% drop in international aid as feared, according to an analysis by the United Nations' development agency released on Tuesday. International officials say aid to Afghanistan, the recipient of the world's largest humanitarian program, will drop sharply this year as donors assess global crises and because of restrictions on female aid workers imposed by the Taliban administration. The United Nations' Development Programme (UNDP) analysed the impact of a 30% drop in aid and found gross domestic product for the already struggling economy would shrink 0.4% this year. "We may find ourselves in a larger drop in aid than 30%," said Al Dardari. Taliban officials have said their decisions on female aid workers are an "internal issue" and that foreign governments should reduce restrictions and unfreeze central bank assets to alleviate the economic crisis.

☆ Netflix may shrug at writers' strike after slashing content spending in first quarter
▼ + stars: | 2023-04-18 | by ( Alex Sherman | ) www.cnbc.com time to read: +3 min

Like other media companies, Netflix appears focused on boosting free cash flow rather than cranking up spending to add more subscribers. But if that amount is cut, Netflix's new investor story of boosting free cash flow may not be derailed. The company nonetheless hopes to avoid a writers' strike, co-CEO Ted Sarandos said during Netflix's earnings video presentation Tuesday. A writers' strike could put more emphasis on Netflix adding live programming — something the company is clearly still struggling with. Still, Netflix seems prepared to weather a writers' strike — because it's already getting permission from investors to cut content spend without one.

☆ Netflix reports mixed quarter
▼ + stars: | 2023-04-18 | by ( Melissa Lee | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNetflix reports mixed quarterRich Greenfield, LightShed Partners Partner & Co-Founder, on Netflix after the company reported earnings with CNBC's Dom Chu and the Fast Money traders.

☆ Breaking down Netflix earnings
▼ + stars: | 2023-04-18 | by ( Melissa Lee | ) 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 EmailBreaking down Netflix earningsRich Greenfield, LightShed Partners Partner & Co-Founder, on Netflix after the company reported earnings with CNBC's Dom Chu and the Fast Money traders.

☆ Taliban ban on Afghan women working for U.N. an 'internal' issue
▼ + stars: | 2023-04-12 | by ( ) www.reuters.com time to read: +2 min

[1/2] A group of women wearing burqas crosses the street as members of the Taliban drive past in Kabul, Afghanistan October 9, 2021. REUTERS/Jorge Silva/File PhotoKABUL, April 12 (Reuters) - Afghanistan's Taliban administration has said forbidding Afghan women from working for the United Nations was an "internal issue," after the global organisation expressed alarm at the decision and said it would review its operations there. On Tuesday, the U.N. Mission to Afghanistan said the Taliban administration would be responsible for any negative humanitarian impacts stemming from the ban. Taliban authorities in December said most Afghan female NGO workers would not be allowed to work. The U.N. humanitarian agency has said a huge funding plan for Afghanistan for 2023 is less than 5% funded.

☆ Taliban aim to boost Afghan security forces, anti-aircraft capacity -army chief
▼ + stars: | 2023-04-12 | by ( Mohammad Yunus Yawar | ) www.reuters.com time to read: +4 min

In his remarks on Tuesday, Qari Fasihuddin Fitrat, a Taliban commander from the northern region of Badakhshan and the chief of army staff, condemned incursions by foreign drones into Afghan airspace. Fitrat said a major defence focus was securing Afghan airspace against drones and other incursions. He also stopped short of naming Pakistan, against which the Taliban administration has regularly protested, accusing its neighbour of allowing drones to enter Afghanistan. Ties between the neighbours have occasionally been tense as as Pakistan has accused the Taliban administration of allowing Afghan territory to be used as a haven for militant groups. The Taliban administration denies allowing its territory to be used for attacks on others, however.

☆ Russia loses election to three UN bodies over Ukraine
▼ + stars: | 2023-04-08 | by ( ) www.cnbc.com time to read: +1 min

Russia lost elections to three United Nations bodies this week, a sign that opposition to its invasion of Ukraine over a year ago remains strong. The votes in the 54-member U.N. Economic and Social Council follow approval of six non-binding resolutions against Russia by the 193-member U.N. General Assembly. In the ECOSOC votes, Russia was overwhelmingly defeated by Romania for a seat on the Commission on the Status of Women. Ambassador Linda Thomas-Greenfield said after Wednesday's votes, "This is a clear signal from ECOSOC members that no country should hold positions on critical U.N. bodies when they are in flagrant violation of the U.N. Russia was also elected by acclamation to the Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting.

☆ Watch CNBC's full interview with Lightshed Partner's Rich Greenfield on the future of Hulu
▼ + stars: | 2023-04-06 | 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 Lightshed Partner's Rich Greenfield on the future of HuluRich Greenfield, Lightshed Partners, joins 'Squawk Box' to discuss recent box office performance, the difference in the movie environment and more.

☆ Box office will be down 15% from pre-pandemic levels going forward, says Lightshed Partner's Greenfield
▼ + stars: | 2023-04-06 | 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 EmailBox office will be down 15% from pre-pandemic levels going forward, says Lightshed Partner's GreenfieldRich Greenfield, Lightshed Partners, joins 'Squawk Box' to discuss recent box office performance, the difference in the movie environment and more.

I'll never get over his death as long as I live," his father, Umer Zada, told Reuters. Zada said the distribution of aid should have been better organised, with police supervision of the hungry and desperate seeking help. "There has been a 50% reduction in donations this year, while there has been a 50% increase in people seeking help." The group's ambulances took away the injured and the bodies of Saad and the others killed in the Karachi crush. Like everyone, Zada is struggling with inflation but he also has to contend with grief and questions that torment him.

☆ US, Britain walk out at UN on Russian wanted for war crimes
▼ + stars: | 2023-04-05 | by ( Michelle Nichols | ) www.reuters.com time to read: +3 min

Britain and the United States blocked the informal meeting on Ukraine, convened by Russia to focus on "evacuating children from conflict zones," from being webcast by the United Nations. The diplomats left the U.N. conference room where the discussion was being held as Russian Commissioner Maria Lvova-Belova spoke. Moscow has not concealed a program under which it has brought thousands of Ukrainian children to Russia but presents it as a humanitarian campaign to protect orphans and children abandoned in the war zone. During her statement Lvova-Belova showed video of Ukrainian children in Russia, then said: "I want to stress that unlike the Ukrainian side, we don't use children for propaganda." However, last month China blocked the U.N. webcast of a U.S.-convened informal Security Council meeting on human rights abuses in North Korea.

UNITED NATIONS/KABUL, April 5 (Reuters) - U.N. chief Antonio Guterres condemned on Wednesday a ban by Afghanistan's Taliban authorities on Afghan women working for the United Nations, calling it "an intolerable violation of the most basic human rights" that should be immediately revoked. The United Nations has told some 3,300 Afghan staff - of which about 400 are female - not to report to their offices until further notice for security reasons. "Banning Afghan women from working with the U.N. in Afghanistan is an intolerable violation of the most basic human rights," Guterres posted on Twitter. Top U.N. officials in Kabul met with the Acting Afghan Minister of Foreign Affairs Amir Khan Muttaqi on Wednesday after the Taliban authorities signaled on Tuesday that they would enforce a ban on Afghan women working for the world body. So far it is only 5% funded and the United Nations says nearly three-quarters of the country's 40 million people need help.

Search resuls for: "GREENFIELD"

25 mentions found