DIRS.INFO The most relevant business & tech news

☆ With geopolitical tensions mounting, Bernstein expects 3 defense stocks to soar 20%
▼ + stars: | 2023-11-29 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +3 min

"The rising geopolitical threats in APAC has been a driver of military spending for the Western nations. In addition, APAC countries have become more important for their own military expenditures, which present some opportunities for Western defense contractors through either exports or partnerships," they added. Quoting research from the Stockholm International Peace Research Institute , Bernstein said that global defense spending reached a record high of $2.2 trillion last year. Why is defense spending on the rise? For instance, South Korea's defense spending is high given its longstanding tensions with neighbor North Korea.

Persons: AllianceBernstein, Bernstein, Northrop Grumman, CNBC's Michael Bloom Organizations: Asia, Stockholm International Peace Research Institute, Boeing Co, Dassault Aviation, U.S Locations: Asia, Pacific, U.S, APAC, Stockholm, China, North Korea, North America, Europe, Russia, Japan, Australia, United Kingdom, India, Pakistan, Soviet, Vietnam, Philippines, Taiwan, Malaysia, Brunei

☆ Indonesia Approves 20% Rise in Defence Budget by 2024
▼ + stars: | 2023-11-29 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +1 min

JAKARTA (Reuters) - Indonesia's outgoing president has approved a 20% hike in defence spending through the end of next year, to upgrade the country's military hardware in response to geopolitical developments, its finance minister said. In a press conference on Wednesday, Sri Mulyani Indrawati said the approval came in a meeting she attended with President Joko Widodo and Defence Minister Prabowo Subianto. Prabowo is the leading candidate in the upcoming presidential election in February, and is running with Widodo's son. The defence budget will be increased from $20.75 billion to $25 billion, Sri Mulyani said. They considered them as a necessity given the condition of our military hardware as well as rising threats amid increasing geopolitical and geo-security dynamics," she said.

Persons: Sri Mulyani Indrawati, Joko Widodo, Prabowo Subianto, Prabowo, Mulyani, Lockheed Martin, Gayatri Suroyo, Ananda Teresia, Kanupriya Kapoor Organizations: Sri, Defence, Dassault Rafale, Turkish Aerospace Locations: JAKARTA, U.S

☆ Barclays reveals 10 debt-laden global stocks at risk from higher interest rates
▼ + stars: | 2023-11-28 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Barclays has identified the European stocks that are most at risk of taking a hit to profits over rising interest payments for debt over the next two years. During the coronavirus pandemic, central banks cut interest rates to historic lows, enabling companies to borrow debt at very favorable rates. The table below shows the 10 stocks Barclays expects to have the biggest increase in interest costs through to 2025. Since interest costs are integral to real estate business models, the impact on margins and profits could be much more severe, the bank's analysts said. The Barclays team is confident that while interest rates can hurt company bottom lines, there was "scant" evidence that showed there was systemic risk.

Persons: Fastighets Balder, Castellum, Vonovia, Matthew Joyce, Zoso Davies Organizations: Barclays, Premier, Whitbread, BASF, Dassault Systemes Locations: Swiss

☆ Goldman Sachs: These 'conviction list' global stocks will benefit from a circular economy boom
▼ + stars: | 2023-11-14 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +2 min

Rising commodity prices, increased regulation and a growing recognition of sustainability benefits are set to be "key catalysts" of the circular economy, Goldman Sachs said, naming its "conviction list" stocks to play the theme. The circular economy is a system that aims to keep materials and resources in use for as long as possible, with a focus on reuse, rather than dispose. Conviction list stocks The bank named a number of "key stocks exposed to the theme," including Dassault Systemes and SMC Corporation . Both are on the bank's "conviction list" of top buy-rated stocks. Other global stocks on Goldman's list of picks set to benefit from the circular economy include Japanese electronics giant Hitachi , Dutch conglomerate Philips and U.S. waste management company Republic Services , with all three also on the bank's conviction list.

Persons: Goldman Sachs, Goldman, — CNBC's Michael Bloom Organizations: McKinsey, Accenture, United Nations Environment Program, Dassault Systemes, SMC Corporation, Dassault Systems, Hitachi, Philips, Republic Services

☆ Taylor Swift achieves billionaire status amid monumental Eras tour
▼ + stars: | 2023-10-26 | by ( Erin Snodgrass | Sebastian Cahill | ) www.businessinsider.com time to read: +2 min

Taylor Swift is a billionaire, according to a Bloomberg News analysis. The pop star's record-breaking Eras Tour helped cement her status among a rare economic class, according to the analysis. Swift is one of the few people to reach billionaire status almost exclusively from her music. AdvertisementAdvertisementAfter nearly two decades of monumental music-making, Taylor Swift has officially built a billion-dollar empire, according to a Bloomberg News analysis published Thursday. Swift is one of the few people to reach billionaire status almost exclusively from her music and performances, the outlet reported, citing publicly disclosed and traceable assets and earnings.

Persons: Taylor Swift, Swift, —, Sam Bankman, Fried's, Larry David, Shaquille O'Neal Organizations: Bloomberg, Service, Bloomberg Economics, Forbes, Dassault

☆ Dassault Systemes hikes profit target after strong Q3 subscriptions
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +1 min

A logo of Dassault Systemes SE is seen on a company building in Paris, France, January 27, 2023. REUTERS/Sarah Meyssonnier Acquire Licensing RightsOct 25 (Reuters) - French software maker Dassault Systemes (DAST.PA) lifted its 2023 outlook for earnings per share (EPS) on Wednesday, after an uptick in subscriptions boosted its third-quarter sales. The company raised its full-year guidance for diluted EPS to between 1.19 euros and 1.21 euros, compared with a previous target of 1.18-1.20 euros per share, and confirmed annual revenue target for 8-9% growth. Overall software revenue increased by 12% in the quarter, driven by 21% growth in Europe. China stayed resilient with mid-single-digit percentage growth in software revenues despite tough economic conditions, the company said.

Persons: Sarah Meyssonnier, Pierre John Felcenloben, Milla Nissi Organizations: Dassault, REUTERS, Thomson Locations: Paris, France, Europe, Asia, China, Gdansk

☆ Morning Bid: China spends, eyes on whether Europe lends
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +2 min

[1/2] A China yuan note is seen in this illustration photo May 31, 2017. Microsoft (MSFT.O) and Google parent Alphabet (GOOGL.O) each beat forecasts, but their share prices went in opposite directions as investors zeroed in on cloud computing. On the luxury front Kering (PRTP.PA), owner of Gucci and Balenciaga, reported a bigger-than-expected drop in third-quarter sales. Gucci's revamped look, unveiled last month in Milan by designer Sabato De Sarno, is yet to hit stores. European loans data and a survey of German business conditions will be closely watched later on Wednesday.

Persons: Thomas White, Tom Westbrook, Gucci, Balenciaga, LVMH, Birkin, Gucci's, Sabato De Sarno, Michele Bullock, Sam Holmes Organizations: REUTERS, Giants, Microsoft, Google, Nasdaq, Facebook, . Santander, Deutsche Bank, Dassault, Dassault Systemes, CME Group, Hilton, Boeing, IBM, Meta, Thomson Locations: China, Asia, Milan, Japan

☆ Fact Check: Video of jet landing on carrier is not Lebanese, predates Israel-Hamas conflict
▼ + stars: | 2023-10-11 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

A video of an F-18 jet landing on an aircraft carrier has been misrepresented online as showing a Lebanese Dassault Mirage III jet landing on an Iranian vessel. However, the video shows an F-18 jet, not a Dassault Mirage III, and the captured landing predates the October Israel-Hamas conflict by at least five years. At present, the Lebanese Air Force does not own any Dassault Mirage III aircraft, according to Flight Global’s 2023 World Air Forces directory. Iran also does not own an aircraft carrier according to GlobalFirepower (GFP), global military data providers. The video predates the October Israel-Hamas conflict and shows an F-18 jet, not a Lebanese Dassault Mirage III, and the aircraft carrier is not Iran’s.

Persons: Read Organizations: Lebanese Dassault Mirage, Iran’s, Dassault, YouTube, Lebanese Air Force, Dassault Mirage, Air Forces, Lebanese Dassault, Reuters, Thomson Locations: Lebanese, Iranian, Lebanon, Israel, Iran

☆ The fastest private jets in the world ranked by speed
▼ + stars: | 2023-10-08 | by ( Taylor Rains | ) www.businessinsider.com time to read: +5 min

The Bombardier Global 8000 is poised to become the world's new fastest private jet come 2025. AdvertisementAdvertisementHere are some of the fastest private jets in the world — with one actually exceeding Mach 1 during a test flight. The G280 and G400 siblings have a maximum operating speed of Mach 0.85 and 0.90, respectively — making the latter also one of the world's fastest private jets. Dassault Falcon 10X: Mach 0.925 (710 mph)Dassault Aviation's new Falcon 10X private jet is scheduled to debut in 2025. Bombardier Global 8000: Mach 0.94 (721 mph)Private charter company NetJets will be the launch customer of the Global 8000.

Persons: —, they're, Dominique Boutin, Taylor Swift, Mike Fuchslocher, FlightGlobal Organizations: Bombardier Global, Manufacturers, Service, Boeing, Dassault Falcon, Getty, Dassault 7X, Bombardier, Gulfstream, Dassault, Falcon, Dassault Aviation, Gulfstream G700, Gulfstream Gulfstream, Qatar Airways Executive, —, Paris Air Show, Cessna, Textron Aviation, Private, Galactic's Locations: Concord

☆ Morgan Stanley says these global stocks will soar on the $150 billion generative AI boom
▼ + stars: | 2023-10-06 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +2 min

The bank's top picks for "best positioned" stocks include German software and solutions provider SAP and French software developer Dassault Systèmes . SAPA-FF YTD mountain Year-to-date performance of shares in SAP On SAP, Morgan Stanley's analysts said the company is likely to "benefit from price increases in 2023" as well as better product integration which will enable "strong cross-selling." DSY-FR YTD mountain Year-to-date performance of shares in Dassault Systemes Meanwhile, they like Dassault Systèmes for its "highly recurring software business models with growth." Elsewhere, Morgan Stanley says the likes of Microsoft , Adobe and Nvidia make good plays of the AI trend. So far, the bank said that generative AI "remains in the early stages of the opportunity," based on data collected from recent funding activity and interviews with chief investment officers.

Persons: Morgan Stanley, Adam Wood, Morgan, Morgan Stanley's, — CNBC's Michael Bloom Organizations: Dassault, SAP —, Dassault Systèmes, SAPA, SAP, Microsoft, Adobe, Nvidia Locations: U.S, Europe

☆ Indonesia must be prudent with military spending, president says
▼ + stars: | 2023-10-05 | by ( ) www.reuters.com time to read: +1 min

[1/2] A view of Indonesian Special Air Force personnel in action during a ceremony to mark the Indonesian Air Force's 77th Anniversary at the Halim Perdanakusuma airbase in Jakarta, Indonesia, April 9, 2023. REUTERS/Willy Kurniawan/File Photo Acquire Licensing RightsJAKARTA, Oct 5 (Reuters) - Indonesian President Joko Widodo on Thursday emphasised the importance of military hardware modernisation but warned any spending should be done wisely as the state budget was limited. The archipelago nation of 270 million people, Southeast Asia's biggest economy, is seeking to modernise its military but has lagged its regional peers in recent years. "Spending for military hardware must be done wisely, in terms of the amount or allocation," Jokowi, as the president is known, said during an armed forces parade. Jokowi in July also warned his cabinet to maintain a "healthy" budget as he highlighted outsised spending by the security agencies, including the defence ministry.

Persons: Willy Kurniawan, Joko Widodo, Prabowo Subianto, Ananda Teresia, Martin Petty Organizations: Indonesian Special Air Force, Indonesian Air Force's, REUTERS, Rights, Defence, Dassault Rafale, Turkish Aerospace, Stockholm International Peace Research Institute Locations: Halim, Jakarta, Indonesia, Rights JAKARTA, Southeast, Stockholm

☆ Siemens is case study in China de-risking dilemma
▼ + stars: | 2023-10-04 | by ( Pamela Barbaglia | ) www.reuters.com time to read: +9 min

That’s unsettling for the likes of Siemens, $62 billion carmaker Volkswagen (VOWG_p.DE) and $39 billion chemicals group BASF (BASFn.DE). Factor in the German group’s 32% stake in Siemens Energy (ENR1n.DE) and 75% holding in Siemens Healthineers (SHLG.DE), currently worth 46 billion euros, and it adds up to 156 billion euros. The unit and Siemens’ Airport Logistics unit, which press reports say could be another divestment candidate, may only be worth 4 billion euros combined. Moreover, Kaeser already tried to boost Siemens’ valuation by partially spinning off subsidiaries. As of September, Siemens had bought back 2.5 billion euros of shares since starting a 3 billion euro share repurchase programme in November 2021.

Persons: Roland Busch, France’s Legrand, Busch, Joe Kaeser, he’s, Kaeser, Germany’s Bundesbank, Siemens, Goldman Sachs, Judith Wiese, George Hay, Oliver Taslic Organizations: Reuters, Siemens, Germany’s, Barclays, Reuters Graphics Reuters, Volkswagen, BASF, Software, Dassault, Automation, ABB, Smart Infrastructure, Siemens Energy, Siemens ’ Mobility, France’s Alstom, CRRC Corporation, Siemens ’ Airport Logistics, Siemens Healthineers, Toshiba Corp, Energy, BNP, Bloomberg, Financial Times, Thomson Locations: China, Brussels, Beijing, Germany, EMEA, Swiss, Middle Kingdom, Republic, Shenzhen, Sichuan, Chengdu, Southeast Asia, Indonesia, Vietnam, Thailand

☆ Airbus to combine fighter businesses in defence shake-up -sources
▼ + stars: | 2023-09-12 | by ( ) www.reuters.com time to read: +2 min

An Airbus A321 XLR aircraft performs a flying display at the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 20, 2023. REUTERS/Benoit Tessier/File photo Acquire Licensing RightsPARIS, Sept 12 (Reuters) - Airbus (AIR.PA) plans to merge two separate fighter businesses as part of a reorganisation of its Defence & Space division, union sources said. Asked about the new combination, which is part of a deeper Defence & Space restructuring codenamed ATOM, an Airbus spokesperson said: "We are currently discussing the details and ideas with our social partners". In July, Airbus Chief Executive Guillaume Faury said a reorganisation in Defence & Space was designed to make the business more agile. Despite a broad increase in overall demand for weapons since the Ukraine conflict began, Airbus Defence & Space is the company's second-biggest activity in terms of revenues but the least profitable, lagging behind jetliners and helicopters.

Persons: Benoit Tessier, Jean, Brice Dumont, Bruno Fichefeux, Guillaume Faury, Faury, Tim Hepher, David Holmes Organizations: Airbus, Paris, REUTERS, Rights, Defence, Space, Military Air Systems, Franco, France's Dassault Aviation, Airbus Defence, Thomson Locations: Le Bourget, Paris, France, Spanish, Ukraine

☆ Indonesia, Boeing sign deal for sale of F-15 fighter jets
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: +2 min

JAKARTA, Aug 22 (Reuters) - Indonesia's defence ministry and U.S. planemaker Boeing (BA.N) have signed an agreement on the sale of 24 F-15EX fighter jets to help modernise the Southeast Asian country's ageing fleet, the ministry and the company said. Boeing and the defence ministry did not provide details on the deal's value. This year, Jakarta bought 42 Dassault (AM.PA) Rafale fighter jets for $8.1 billion. It has also purchased 12 used Mirage 2000-5 fighter jets in an $800 million deal that drew criticism as the aircraft were considered too old. "After Rafale, the F-15 will make Indonesia a strong nation as we keeps building a mature defence diplomacy," the defence ministry spokesperson said.

Persons: Prabowo Subianto, Prabowo, Lloyd Austin, Sukhoi Su, Ananda Teresia, Gayatri Suroyo, Gerry Doyle Organizations: planemaker Boeing, Boeing, Boeing's St, Indonesian Defence, U.S ., Dassault, Thomson Locations: JAKARTA, Boeing's, Louis , Missouri, U.S, Jakarta, Indonesia

☆ A potential first-of-its-kind fighter jet purchase could be a sign Saudi Arabia isn't happy with what it's getting from the US
▼ + stars: | 2023-08-21 | by ( Paul Iddon | ) www.businessinsider.com time to read: +8 min

Saudi Arabia is reportedly considering a large number of French-made Dassault Rafale fighter jets. In July, Germany announced it would not allow additional Eurofighter Typhoon fighter jets to be delivered Saudi Arabia. The Saudi air force's 72 Eurofighters are its second most numerous fighter type behind its US-made F-15s. Bandar Algaloud/ReutersIn the near-term, Saudi Arabia may find Rafales more burdensome than beneficial, given its extensive investment in US and British aircraft. A Saudi Air Force F-15 taxis for takeoff at King Faisal Air Base in February 2021.

Persons: France's, Toni Anne Barson, Sebastien Roblin, Prince Mohammed bin Salman, Joe Biden, Roblin, Salman, FAYEZ NURELDINE, Ryan Bohl, RANE, Rafales, Jamal Khashoggi, Bohl, Justin Bronk, Katherine Walters, Paul Iddon Organizations: Dassault Rafale, Saudi, Service, Privacy Policy, France's La Tribune, Eurofighter Typhoon, United Arab, La Tribune, French Dassault Rafale, Saudi Eurofighter Typhoon, Getty, East, NATO, Bandar Algaloud, Reuters, British, Royal Saudi Air Force, Royal United Services Institute, Saudi Air Force, King Faisal Air Base, US Air Force, Staff, Rafale, Washington Locations: Saudi Arabia, British, Riyadh, Wall, Silicon, Privacy Policy Saudi Arabia, Saudi, Germany, United Arab Emirates, Qatar, French, Provence, Washington, Yemen, Iran, China, France, AFP, London, Russia, North Africa, NATO, United States, Bandar, Croatia, Egypt, India, Indonesia, Greece

☆ How Saudi Arabia and UAE learned to stop worrying and love Turkey's Bayraktar drones
▼ + stars: | 2023-08-06 | by ( Paul Iddon | ) www.businessinsider.com time to read: +8 min

Saudi Arabia and the UAE have signed multibillion-dollar deals for Turkish drones in recent months. Azeri Ministry of DefenseSaudi Arabia previously showed interest in procuring Turkish drones and securing rights for local production. Bakir told Insider that Turkish drones have gained "global recognition" due to their "affordability, efficiency, and lethal capabilities" and documented successes over modern battlefields. "Moreover, Saudi Arabia could use such capabilities to balance Iran's drone technology in the long run," Ozeren said. Ozeren said the Saudi deal could help Baykar "monopolize" drone technology in Turkey but noted that crucial details about the agreement remain unknown.

Persons: Recep Tayyip Erdogan, Baykar, Abu Dhabi's, Loong, Loongs, Abu Dhabi, Abu, Ali Bakir, Erdogan, Mohammed bin Salman, Murat Kula, Bakir, Suleyman Ozeren, It's, Ozeren, Ali Atmaca, Sheikh Mohammed bin Zayed, Murat Centinmuhurdar, Bashar Assad, Paul Iddon Organizations: UAE, Service, United, United Arab Emirates, Turkey's Baykar Defense, Ministry of Defense, Anadolu Agency, Getty, Dassault Rafales, Ibn Khaldon, NATO, European Union, American University, Orion Policy Institute, Ataturk Airport, Security Initiative, Atlantic Council Locations: Saudi Arabia, Wall, Silicon, United Arab, Turkish, Riyadh, East, North Africa, South Caucasus, Ukraine, Armenian, Ministry of Defense Saudi Arabia, Republic of Turkey, Kuwait, UAE, Saudi, Istanbul, Yemen, Libya, Abu, Turkey, China, France, Qatar, Jeddah, Anadolu, Nahyan, Abu Dhabi

☆ French planemaker Dassault is building a brand new $53 million private jet and it's just inches from certification. Meet the Falcon 6X.
▼ + stars: | 2023-08-04 | by ( Taylor Rains | Pete Syme | ) www.businessinsider.com time to read: +2 min

Dassault Aviation is nearing the launch of its new $53 million Falcon 6X private jet. Insider toured Dassault's experimental 6X jet at the Paris Airshow in June. French planemaker Dassault Aviation has been producing private aircraft since 1963 when it launched its first business plane — the Mystère 20. The 10X, dubbed the "penthouse of the skies," will have the world's largest passenger cabin of any purpose-built private jet, but deliveries are not expected until at least 2025. Dassault showed off its fully-built experimental Falcon 6X jet at the Paris Airshow in June.

Persons: Here's, Elon Organizations: Dassault Aviation, Falcon, Paris Airshow, Dassault

☆ Dassault Systemes' flagship platform sales slow, but targets confirmed
▼ + stars: | 2023-07-25 | by ( Victor Goury-Laffont | ) www.reuters.com time to read: +2 min

It confirmed its full-year and mid-term targets, saying it saw a renewed focus on investment in innovation from customers and pointing to a rebound in China. The group's shares slid as much as 6.7% however, putting them on track for their biggest one-day drop since April. JPMorgan said in a note that the overall picture looked "incrementally challenging" after important performance indicators, including for its flagship software platform 3DEXPERIENCE and clinical trial platform Medidata, slowed in the quarter. For the third quarter, Dassault Systemes expects revenue to reach between 1.4 billion and 1.42 billion euros, diluted earnings to come in between 0.26 and 0.27 euros per share, and an operating margin of between 30.2 and 30.5%. ($1 = 0.9034 euros)Reporting by Victor Goury-Laffont; Editing by Kirsti Knolle and Jan HarveyOur Standards: The Thomson Reuters Trust Principles.

Persons: Victor Goury, Kirsti Knolle, Jan Harvey Organizations: Dassault, JPMorgan, Dassault Systemes, Thomson Locations: China

☆ 4 major fighter-jet deals could reshape the Middle East's biggest militaries for decades to come
▼ + stars: | 2023-07-16 | by ( Paul Iddon | ) www.businessinsider.com time to read: +11 min

Middle Eastern countries have for decades been major buyers of advanced fighter jets. Four potential deals involving Turkey, Iraq, Iran, and Egypt show that the trend will continue. Four looming acquisitions by Turkey, Iraq, Iran, and Egypt show that this trend will not change any time soon. Egypt's EaglesEgyptian Air Force MiG-29s during an exercise in Sudan in May 2021. While the Russian jets couldn't exchange data with Egypt's US-made aircraft, Cairo hoped they could operate as an "air force within an air force" and partially redress its limited air-to-air capabilities.

Persons: Cuneyt, MURAD, Erdogan, Mehmet Kaman, Recep Tayyip Erdogan's, Biden, Sen, Bob Menendez, hasn't, Iran's, Vladimir Putin, Ebrahim Raisi, ALEXANDR DEMYANCHUK, it's, —, Iran hasn't, ATTA KENARE, Mohammed Reza Ashtiani, Iraq's, KARIM SAHIB, Saddam Hussein's, Ali Mohammed, KARI, ASHRAF SHAZLY, Derek Seifert, Frank McKenzie, Israel, Paul Iddon Organizations: Service, United Arab Emirates, Dassault Rafales, Dassault, Vipers, NATO Air Policing, Anadolu Agency, Getty, US, Turkish Aerospace Industries, Getty Images, NATO, Senate Foreign Relations, SPUTNIK, Army Day, Iranian Parliament's National Security, Foreign, Iranian Defense, Rafale, ISIS, Getty Images Iraq, Thales Ground, AIM, Meteor, Egypt's Eagles Egyptian Air Force, Eagles, US Air Force, US Central Command Locations: Turkey, Iraq, Iran, Egypt, Wall, Silicon, Saudi Arabia, Israel, Poland, Ankara, Syria, Greece, Samarkand, Getty Images Iran, Russia, Ukraine, Moscow, Soviet, US, Tehran, AFP, Iranian, Persian, Baghdad, France, South Korea, Czech, Iraqi, Balad, Sudan, Qatar, Cairo, Derek Seifert Egypt

☆ France to fete India's Modi at Bastille Day celebration
▼ + stars: | 2023-07-14 | by ( Michel Rose | ) www.reuters.com time to read: +3 min

[1/3] French President Emmanuel Macron and his wife Brigitte Macron welcome Indian Prime Minister Narendra Modi at the Elysee Palace, in Paris, France, July 13, 2023. Modi began a two-day visit to Paris on Thursday. Much before buying Dassault Aviation's Rafale, India bought Mirage jets in 1980s and those still comprise two squadrons of the air force. Later on Friday, Macron will host Modi at the Elysee Palace for talks before a state banquet at the Louvre Museum. Macron has treated only a few global leaders to the Bastille Day military parade.

Persons: Emmanuel Macron, Brigitte Macron, Narendra Modi, Pascal Rossignol PARIS, Modi, Triomphe, Macron, Joe Biden, Donald Trump, Michel Rose, Frances Kerry Organizations: Indian, REUTERS, Bastille Day, India, Paris, Dassault Aviation's Rafale, Mirage, Louvre Museum, Canberra, Pentagon, Thomson Locations: Paris, France, Delhi, India's, Europe, New Delhi, India, Australia, Britain, United States

☆ 'Undeniably vast' opportunity: Bank of America names generative A.I. global 'winners'
▼ + stars: | 2023-07-14 | by ( Lucy Handley | ) www.cnbc.com time to read: +2 min

Bank of America has dubbed global companies exposed to the demand for generative artificial intelligence solutions as "winners," picking stocks across the software and IT services sectors. It described the AI opportunity within the software industry as "undeniably vast" in a research note dated 12 July, and ranked European companies in the sector. "Huge quantities of data about a company's operations are held within a company's ERP system which makes the software vital in any generative AI integration," BofA's analysts stated. "We see gen AI as an opportunity for the Software industry to derive both potential revenue uplift via enhanced value proposition and data monetization, alongside productivity improvements," the bank said. BofA also looked at the effect of generative AI on the IT services industry and said implications "are the most polarised," noting concerns over drops in sales due to tasks being automated.

Persons: BofA, Frederic Boulan, — CNBC's Michael Bloom Organizations: of America, Dassault Systemes, SAP, Software, IT, International Data Corporation Locations: French, German

The total value of the purchases is expected to be around 800 billion rupees ($9.75 billion), according to one of the sources. Earlier this year, the government proposed a 13% hike in defence spending to 5.94 trillion rupees for the 2023-24 financial year. The marine version of Dassualt's Rafale jets, intended for India's first indigenous aircraft carrier commissioned last year, outperformed the American Superhornet F18s in tests last year for Indian requirements. India has relied on French fighter jets for four decades now. In 2005, India bought six Scorpene-class diesel submarines from France for 188 billion rupees ($2.29 billion), the last of which will be commissioned next year.

Persons: Narendra Modi's, Rajnath Singh, Modi, Singh, Krishn Kaushik, Tanvi Mehta, Kim Coghill Organizations: Rafale, Defence, procurements, Dassault Aviation, Mazagon, France's Naval Group, Mirage, Thomson Locations: DELHI, France, Paris, Pakistan, China, India

☆ Pentagon says it's almost like Russia's on a 'mission to protect ISIS leaders' after its fighter jets harassed US Reaper drones that took out a top terrorist
▼ + stars: | 2023-07-10 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

Russian fighter jets harassed several US military drones operating above Syria on Friday. Those same American MQ-9 Reaper drones later went on to kill an ISIS leader during an operation. A Pentagon official said Monday it's almost like Moscow is "on a mission to protect ISIS leaders." On Wednesday, Russian Su-35s dropped parachute flares and engaged afterburners in front of three Reaper drones. The following day, Russian Su-34 and Su-35 fighter jets dropped flares and flew "dangerously close" to an unspecified number of Reaper drones.

Persons: Alexus Grynkewich, Usamah, Michael, Erik, Kurilla, Assad, Sabrina Singh, Singh, CENTCOM, Russian Su, Grynkewich, Colin Kahl, Kahl Organizations: Pentagon, ISIS, Service, Russia, Islamic, NATO, US Air Forces Central Command, US Central Command, U.S, US Air Force, Russian, US, Dassault Rafale, Air Force, Washington Locations: Syria, Moscow, Wall, Silicon, Russia, Washington, Russian, Screengrab

☆ Russian fighters have engaged in aggressive maneuvers around at least 6 NATO aircraft in the last 48 hours, US military says
▼ + stars: | 2023-07-06 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

Russian fighter jets bullied a US military drone over Syria on Thursday, the Air Force said. The Russian pilots employed flares in front of the Reaper drones and flew "dangerously close, endangering the safety of all aircraft involved," Grynkewich said. An unclassified US Air Force video shows the Russian jets bombard one of the MQ-9s with flares as it soars above the drone. The US Air Force said in response to the incident that it "fully" supports French security missions across the region. "These events represent another example of unprofessional and unsafe actions by Russian air forces operating in Syria, which threaten the safety of both Coalition and Russian forces," Grynkewich said in the Thursday statement.

Persons: —, Russian Su, Alexus Grynkewich, Grynkewich Organizations: Air Force, NATO, Service, Islamic State, US Air Forces Central Command, Dassault Rafale, US Central Command, US Air Force, Coalition, Russian, ISIS, Raptors, US Air Forces Central Locations: Syria, Russian, Iraq, Washington, Moscow

☆ Inside JPMorgan's handling of Jeffrey Epstein
▼ + stars: | 2023-06-26 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

This is the last week of 10 Things on Wall Street. But there remains a very large blight on JPMorgan's record that has come back into the spotlight this year: Jeffrey Epstein. Insider's Kaja Whitehouse and Emmalyse Brownstein have a breakdown of JPMorgan's long, drawn-out breakup with Epstein. Read more on JPMorgan's handling of Jeffrey Epstein. The Treasury secretary isn't particularly worried about the potential for more bank mergers this year, per The Wall Street Journal.

Persons: Dan DeFrancesco, I've, I'm, we've, Goldman Sachs, Jeffrey Epstein, Rick Friedman, hasn't, Kaja Whitehouse, Emmalyse, Epstein, Kaja, Read, Janet Yellen, isn't, Moody's, Francis Bacon, We've, Jeffrey Cane, Jack Sommers Organizations: Getty, JPMorgan, Dow, Norges Bank Investment Management, CNBC, Goldman, Street, Financial Times, Sequoia Capital, FDIC, Bloomberg, Dassault Falcon, LinkedIn Locations: NYC, Cambridge, Republic, dealmaking ., New York, London

Search resuls for: "Dassault"

25 mentions found