DIRS.INFO The most relevant business & tech news

☆ Peru actions in violent protests could be classified as massacre, rights group says
▼ + stars: | 2023-05-03 | by ( ) www.reuters.com time to read: +2 min

[1/2] Police officers operate during a march against the government of Peru's President Dina Boluarte where demonstrators call for an indefinite nationwide strike, in Lima, Peru, February 9, 2023. REUTERS/Alessandro Cinque/File PhotoLIMA, May 3 (Reuters) - Peruvian authorities committed "serious" human rights violations during anti-government protests last December, the Inter-American Commission on Human Rights (IACHR) said on Wednesday, adding the violent actions could be classified as a massacre. "There were serious human rights violations that must be investigated with due diligence and an ethnic-racial approach," IACHR President Margarette May Macaulay said in a report. The violent incidents could be classified as a massacre, the document added. The commission's report follows a recent publication by Human Rights Watch, which concluded that Peru's army and police were responsible for deaths in the protests.

☆ MLB roundup: AJ Pollock's HR ends no-no as Mariners edge A's
▼ + stars: | 2023-05-03 | by ( ) www.reuters.com time to read: +11 min

Mariners starter Bryce Miller, in his major league debut, gave up a run on two hits and no walks with 10 strikeouts. The Reds snapped a run of seven straight losses to the Padres and a streak of nine straight losses in San Diego. Jon Gray allowed four runs on eight hits with one walk and two strikeouts over 5 1/3 innings. The right-hander lasted five innings, allowing three runs on seven hits with no walks and six strikeouts. Keegan Thompson (1-2) was charged with three runs on four hits in one-third of an inning to take the loss.

☆ Brazil working on payment solution for exports to Argentina, says minister
▼ + stars: | 2023-05-02 | by ( ) www.reuters.com time to read: +1 min

BRASILIA, May 2 (Reuters) - Brazilian Finance Minister Fernando Haddad said on Tuesday that the country is working on a solution to ensure that Brazilian exporters are paid for sales to Argentina, which is currently facing a severe economic crisis and a shortage of U.S. dollars. Argentina is Brazil's third largest trading partner after China and the United States. "We are trying to find a mediated solution," he said, adding that it "necessarily" involves the granting of collaterals by Argentina, which are being currently studied. Haddad will take part in a meeting between Brazilian President Luiz Inacio Lula da Silva and Argentine Alberto Fernandez later on Tuesday. Brazil also decided to recently simplify procedures of the local currency payment system (SML), an infrastructure that brings together the central banks of Brazil, Argentina, Paraguay and Uruguay.

☆ Nearly 200 ancient Roman coins found in Italy
▼ + stars: | 2023-05-01 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +3 min

Upon closer inspection and excavation, researchers determined that the find included 175 silver Roman denarii coins. Nearly all were in good condition, making this one of the few hoards of ancient coins found intact, according to the group. The coins were dated to 157 or 156 BC, and the latest up to 83 or 82 BC. Almost all 175 coins were intact and in good condition, except for two that were fragmented but can be restored. “It is one of the very few hoards of ancient coins found intact and provides a lot of numismatic, historical and social information,” Alderighi said.

☆ Exxon Mobil not quitting exploration in Brazil
▼ + stars: | 2023-05-01 | by ( Sabrina Valle | ) www.reuters.com time to read: +1 min

Companies Exxon Mobil Corp FollowHOUSTON, May 1 (Reuters) - Exxon Mobil Corp (XOM.N) is not giving up on oil exploration in Brazil, the company's country chief Alberto Ferrin said on Monday during the Offshore Technology Conference (OTC) in Houston. "I would say very crystal clear that Exxon Mobil is not quitting exploration in Brazil at all," Ferrin said, disputing a U.S. newspaper report published last month. Brazil's government, regulators and the company's exploration partners are aware it has no intentions of leaving. Exxon is searching for exploration opportunities such as the one it encountered in Guyana, where it has had an 89% success rate, Ferrin said. "Brazil offers those exploration success enablers that we look for globally, no doubt about that.

☆ Roma and Milan share spoils with late goals in top-four battle
▼ + stars: | 2023-04-29 | by ( ) www.reuters.com time to read: +3 min

Milan remain fourth in the standings, level on 57 points with Roma in fifth, with both sides two points behind third-placed Juventus who travel to Bologna on Sunday. Roma's back luck, however, did not end there and Mourinho was forced to make an early change when defender Marash Kumbulla clashed inside the box with Milan forward Olivier Giroud. They had a decent chance just after the half-hour mark but forward Leao fired wide. Milan defenders Davide Calabria and Fikayo Tomori had two more chances before halftime but both missed the target. Milan host second-bottom Cremonese on Wednesday when Roma travel to ninth-placed Monza.

Even gaining qualifications in Italy didn't help Abhishek, a 26-year-old migrant from India who got a master's degree in mechanical engineering at Turin's Polytechnic University last year. Italy, which is also contending with an exodus of skilled nationals to stronger economies, needs qualified immigrants to fill growing skilled labour shortages, many economists say. In 2023, work permits will be granted to around 83,000 non-EU migrants, according to government data, less than a third of the 277,000 who applied for them. Barbera at Turin University said the lack of migrants in skilled professions has become entrenched and hard to reverse. "Migrants in Italy have virtually no access to the middle class," he said.

☆ In Mexico City, Club Kids Take the Stage
▼ + stars: | 2023-04-28 | by ( Suleman Anaya | ) www.nytimes.com time to read: +1 min

Pepx Romero (wrote the script; plays Pedro Ramírez Vázquez): Recently, Alberto and I have been hiking a lot, sometimes aided with psychedelics. That’s how Alberto and La Bruja ended up on Monte Tlaloc while I was drafting the script: It was in a temazcal [sweat lodge] where La Bruja first embodied the opera’s pivotal character. The nocturnal celebration is our home — we aren’t turning our backs on it. Traveling around the country and meeting folk artists, I find parts of me in different places and strains of regional culture. Everything I do is an offering, and the opera is an extension of it.

☆ Chile's lithium push emerges as test for Latin American resource nationalism
▼ + stars: | 2023-04-27 | by ( David Alire Garcia | ) www.reuters.com time to read: +6 min

[1/2] Laborers work at a lithium plant on the Atacama salt flat in the Atacama desert of northern Chile January 8, 2013. While the former student protest leader's proposal to give the government a majority stake in all future lithium projects faces an uncertain path in Congress, its mere introduction shook one of the mining industry's most lucrative corners. Lithium is in high demand for rechargeable batteries for future fleets of electric vehicles in the global transition to green energy. That leaves the exception to the trend, Argentina, as an increasingly likely Latin American destination for new private capital for lithium. A strong pipeline of lithium projects in Argentina, the world's No.

☆ Argentina vows to battle peso slide towards 500 per dollar in black market
▼ + stars: | 2023-04-25 | by ( Rodrigo Campos | ) www.reuters.com time to read: +4 min

The peso hit 495 against the dollar on Tuesday in informal markets that have flourished as the official foreign exchange market is under tight controls. That is down from 400 pesos per dollar just over a week ago and compares to the official spot rate of around 221. The official peso, which is in a controlled, sliding peg to the dollar, has fallen 20% so far this year. The gap between the black and official rates of some 122% is the widest since July. Last week, Argentina's central bank raised its benchmark interest rate by 300 basis points to 81% after inflation soared past expectations in March to 7.7%, the fastest monthly increase in two decades.

☆ Real Madrid eases past Celta de Vigo 2-0 to put pressure on Barcelona
▼ + stars: | 2023-04-23 | by ( Patrick Sung | ) edition.cnn.com time to read: +3 min

CNN —Real Madrid eased past Celta de Vigo 2-0 on Saturday in what was a relatively calm and assured performance for Los Blancos to cut Barcelona’s lead atop La Liga to eight points ahead of Atlético Madrid’s visit to the Camp Nou on Sunday. Vinícius Jr. proved a dangerous threat to Celta throughout the match, including getting his 17th assist of the season across all competitions. Jose Breton/Pics Action/NurPhoto/Getty ImagesThe 1-0 marked Asensio’s 11th goal of the season in all competitions and Vinícius’ 17th assist across all competitions. In the 48th minute, Asensio took a great corner into the area, where an on-rushing Militão powered a header into the bottom left corner for his fifth league goal of the season past a helpless Villar. Militão puts his powerful header into the bottom left corner of the net to make it 2-0.

☆ Peru's Toledo returns home to join two other former heads of state in jail
▼ + stars: | 2023-04-23 | by ( ) www.reuters.com time to read: +2 min

[1/2] Peru's former President Alejandro Toledo walks with others after his arrival at the airport following his extradition to Peru, in Callao, Peru April 23, 2023. Toledo, president between 2001 and 2006, turned himself in on Friday for extradition. They have requested a 20-year prison sentence. Toledo, an economist by profession and with a doctorate from Stanford University in the United States, became the second former Peruvian president to be extradited. Fujimori was extradited from Chile and is serving a 25-year prison sentence for human rights abuses.

☆ Argentina's economy teeters on the edge of deeper crisis as market anxiety grows
▼ + stars: | 2023-04-21 | by ( Gabriel Burin | ) www.reuters.com time to read: +3 min

BUENOS AIRES, April 21 (Reuters) - Argentina's economy will teeter on the edge of a deeper crisis in the run up to October's presidential vote as growing market anxiety adds to a harmful mix of drought-induced recession and skyrocketing inflation, a Reuters poll showed. Pointing to an increasingly negative outlook, the number of recession forecasts escalated to 27 of 32 respondents from just 7 of 23 in January. 3 economy into a crisis comparable to the chaotic periods of 1989-1990 and 2001-2002. For Mexico, growth prospects were slightly upgraded to 1.5% this year and 1.6% in 2024 from 1.0% and 1.8% in January - still well below the government's more optimistic scenario of a 3.0% expansion. Reporting by Gabriel Burin in Buenos Aires; Editing by Alexandra HudsonOur Standards: The Thomson Reuters Trust Principles.

☆ Economists and policymakers were fretting about a wage-price spiral. Not any more
▼ + stars: | 2023-04-21 | by ( Jenni Reid | ) www.cnbc.com time to read: +8 min

The experts were worried about a so-called wage-price spiral. Businesses' revenues "have risen faster than costs, and so margins have room to absorb rising labor costs." "It's not that a wage-price spiral couldn't happen, but it's low on the list of concerns versus the factors we know are problematic," she said. A key mechanism that would fuel a wage-price spiral, workers' bargaining power, has been weakened because unions have less power than in the 1970s, Makszin added. "But if you let interest rates go down against inflation and in effect weaken, you have an inflation spiral.

☆ Argentine President Fernandez pulls out of 2023 election
▼ + stars: | 2023-04-21 | by ( Lucila Sigal | ) www.reuters.com time to read: +2 min

BUENOS AIRES, April 21 (Reuters) - Argentine President Alberto Fernandez will not run in the country's October general election, the center-left leader announced on Friday, throwing open a race to lead the Peronist coalition at the ballot amid swirling economic crisis. Pressure had been building for a decision from the leftist wing commanded by powerful Vice President Cristina Fernandez de Kirchner, who served as president from 2007-2015 and has at times been at loggerheads with Fernandez, no relation. "On the negative side, with him becoming an outgoing president so early, it could make it difficult to manage until the end of the mandate." Mauricio Macri, the leader of the main center-right opposition party and president from 2015 to 2019, said last month he would not run for presidency either. Vice President Fernandez de Kirchner has also ruled herself out.

BUENOS AIRES, April 20 (Reuters) - Argentina's central bank hiked the benchmark interest rate a sharper-than-expected 300 basis points on Thursday after inflation soared past expectations in March to hit 104% on an annual basis, the monetary authority said in a statement. The bank hiked the benchmark rate 300 basis points in March, the first raise since September at the end of a vicious tightening cycle through most of 2022. The bank had wanted to cut rates this year on hopes inflation would cool. Reuters reported earlier this month that central bank board members were discussing another interest rate hike to rein in one of the world's highest inflation rates. A central bank poll forecasts inflation will end this year at 110%, while J.P. Morgan estimates it could hit 130%.

☆ Toyota to invest $338 mln in new hybrid, flex car in Brazil
▼ + stars: | 2023-04-19 | by ( ) www.reuters.com time to read: +1 min

SAO PAULO, April 19 (Reuters) - Toyota Motor Corp (7203.T) said on Wednesday it will invest 1.7 billion reais ($337.68 million) to manufacture a new hybrid, flex-fuel compact car in Brazil, which will run on both gasoline and ethanol in addition to its electric engine. Toyota's announcement came at an event attended by the firm's local head, Rafael Chang, and Sao Paulo Governor Tarcisio de Freitas. Part of the investment - roughly 1 billion reais - will come from tax credits Toyota had with the state. "Toyota believes in the Brazilian market and continues to invest in technology and innovation to meet consumer needs," Chang said. The car is set to be launched in Brazil in 2024 and sold in 22 Latin American countries, it added.

These kind of megadeals are at the vanguard of billions of dollars of annual spending on classic cars globally in a wave of investment in this alternative asset. "The track record of the past 30 years tells us classic cars have become a financial asset class we want our clients to have in their portfolios." [1/5] A general view of the classic car collection of Florian Zimmermann, owner of over 300 classic cars, in a warehouse in Lindau, Germany, April 5, 2023. "Electrification will favour classic cars," said Cristiano Bolzoni, head of Maserati's vintage car unit Maserati Classiche. "The classic car community has changed tremendously over the past five to 10 years," Zimmermann said.

REUTERS/Agustin MarcarianBUENOS AIRES, April 14 (Reuters) - Argentines, painfully accustomed to decades of spiraling prices, say that the current 102.5%-and-climbing inflation rate is on another level and is making it almost impossible to get by. "In my case, I have zero capacity to save," said Claudia Hernansaez, a publishing company employee. "In one year, beef went from around 1,000 pesos ($4.66) or 1,200 pesos to 2,800 pesos." Paola Lavezzari, also in publishing, said inflation was forcing her to tighten the purse strings and buy cheaper products. Because what you used to consume of a better quality, today is unaffordable," she said.

☆ MLB roundup: Ryan Mountcastle's 9 RBIs propel Orioles to win
▼ + stars: | 2023-04-12 | by ( ) www.reuters.com time to read: +11 min

Austin Hays also homered and went 4-for-5 as the Orioles won for the second night in a row. Kyle Schwarber hit a solo home run and Bryson Stott added two hits and two RBIs for Philadelphia. Guardians starter Hunter Gaddis (0-1) allowed eight runs on eight hits with three strikeouts and two walks in three-plus innings. Blue Jays 9, Tigers 3Alejandro Kirk hit a three-run home run and had four RBIs as Toronto won its home opener, beating Detroit. Detroit right-hander Matt Manning (1-1) allowed four runs on six hits with one walk and three strikeouts in six innings.

☆ Thabo Bester: South African convicted rapist and murderer accused of faking his own death is arrested abroad
▼ + stars: | 2023-04-12 | by ( Larry Madowo | ) edition.cnn.com time to read: +7 min

Thabo Bester was arrested Friday in the Tanzanian border town of Arusha, having apparently fled the country, according to a media briefing by the South African Justice Minister and Minister of Police. It’s a bizarre story that has embarrassed South Africa, exposed alleged loopholes in the management of a private prison and captivated the nation with every blockbuster revelation. The 35-year-old convicted murderer was arrested with his girlfriend Dr. Nandipha Magudumana and a Mozambican national named as Zakaria Alberto. South African police minister Bheki Cele told reporters that the trio had several passports each that had not been stamped and were just 10 kilometers from crossing into Kenya. A South African delegation of police and prisons officials are in Tanzania to arrange for their deportation.

☆ MLB roundup: Solo HR sends Rays to 10-0
▼ + stars: | 2023-04-11 | by ( ) www.reuters.com time to read: +11 min

Muncy also singled, all after Mookie Betts had led off the game with his second homer of the season for the Dodgers, who snapped a three-game losing streak. Reds starter Graham Ashcraft allowed two runs on six hits in six innings with seven strikeouts and three walks. Ryan Mountcastle drilled a two-run homer in the first inning and Austin Hays added a solo shot in the sixth. Alvarez drove in two runs to boost his major-league-leading RBI total to 16, plating a pair in the second inning with a single. Jake Cave hit a solo homer and double while Nick Castellanos added three hits and three RBIs.

☆ Argentina's latest 'soy dollar' scheme sees few takers on first day
▼ + stars: | 2023-04-10 | by ( Maximilian Heath | ) www.reuters.com time to read: +2 min

Would-be participants in the "soy dollar" program need more details, several told Reuters. Spot market transactions under the latest version of the policy, which initially kicked off last year, showed no movements on Monday, according to traders. "It started quite calmly with few offers from factories in a very cautious market waiting for more information," said Eugenio Irazuegui, a researcher with brokerage Enrique Zeni y CIA. Only about 17.5% of the 2021/22 soybean crop of some 44 million tonnes remains in local storage, according to official data at the end of March. Meanwhile, about 5.5 million tonnes of soybeans from the current 2022/23 harvest, which has only just begun, have been sold, official data showed, compared to about 12 million tonnes at the same time during the year-ago period.

☆ Italy's Berlusconi health conditions steadily improving, his doctors say
▼ + stars: | 2023-04-10 | by ( ) www.reuters.com time to read: +1 min

[1/2] Former Italian Prime Minister and leader of the Forza Italia (Go Italy!) party Silvio Berlusconi attends a rally in Rome, Italy, April 9, 2022. REUTERS/Remo CasilliMILAN, April 10 (Reuters) - Former Italian Prime Minister Silvio Berlusconi's health condition is steadily improving as he is treated in hospital for a lung infection caused by chronic leukaemia, his doctors said on Monday. Doctors later revealed that Berlusconi had been suffering from Chronic Myelomonocytic Leukaemia (CML) "for some time" and that he had recently developed a pulmonary infection. "Cytoreductive, antimicrobial and anti-inflammatory therapies are producing the expected results, allowing us to express a cautious optimism," Zangrillo and Ciceri said.

☆ A former Nike runner says the company stopped paying her while she was pregnant and portrayed her as 'Miss America in a crop top'
▼ + stars: | 2023-04-10 | by ( Matthew Kish | ) www.businessinsider.com time to read: +7 min

Nike "takes great pride as a leader in supporting female athletes," the company said. Goucher's book also describes a persistently sexist culture at the Nike Oregon Project and says that Alberto Salazar, a celebrated distance runner and former Nike coach, sexually assaulted her. "My story helped sell shoes, shorts, T-shirts, and bras," Goucher wrote of her time as a Nike-backed runner. "In 2018 we standardized our approach across all sports to support all of our female athletes during pregnancy," Nike said in the statement. We know that Nike can continue to play an elevated role in supporting female athletes and improving their experience in sports."

Search resuls for: "Alberto"

25 mentions found