DIRS.INFO The most relevant business & tech news

☆ Italy's Illycaffe aims to make a bigger splash in the U.S. market, CEO says
▼ + stars: | 2023-03-30 | by ( Elisa Anzolin | ) www.reuters.com time to read: +2 min

North America already accounts for one fifth of the Italian group's revenues and reported a 27% increase in sales last year. Illycaffè reported a 14% increase in revenues to 568 million euros ($615 million) last year. Operating profit grew to 71.4 million euros, despite a 43 million euro increase in costs, mainly linked to increased prices for raw coffee beans, energy and logistics. Scocchia expects an increase in revenues and profitability this year, but the sales growth could be slower compared to last year. The group plans 270 million euro in investments by 2026, with 120 million euros earmarked to enlarge its plant in Trieste in northeast Italy which will double its production capacity.

☆ King Charles draws on mother's inspiration for his first Commonwealth Day as head
▼ + stars: | 2023-03-13 | by ( ) www.reuters.com time to read: +2 min

LONDON, March 13 (Reuters) - King Charles drew on his mother's inspiration on Monday as he celebrated his first Commonwealth Day as symbolic head of the grouping with a service at London's Westminster Abbey, joined by other senior members of the British royal family. "The Commonwealth has been a constant in my own life, and yet its diversity continues to amaze and inspire me." The 74-year-old king was joined for the service by his wife Camilla, the Queen Consort, and his eldest son Prince William and his wife Kate. [1/5] Britain's King Charles and Camilla, Queen Consort, meets with choristers following the annual Commonwealth Day Service at Westminster Abbey in London, Britain. "Her late majesty loved the Commonwealth, and the Commonwealth loved her," said Commonwealth Secretary General Patricia Scotland.

India's largest ever secondary share sale attracted participation from anchor investors including Maybank Securities and Abu Dhabi Investment Authority, as well as India's HDFC Life Insurance and state-backed Life Insurance Corporation (LIFI.NS). By Tuesday the overall share sale was fully subscribed as foreign institutional investors and corporate funds flooded in, although participation by retail investors and Adani Enterprises (ADEL.NS) employees remained low. Support for Adani's share sale came even as the flagship's shares closed at 2,973.9 rupees, up nearly 3% but below the lower end of the sale price band of 3,112 rupees. So, what happens to one particular corporate group, is a matter between the market and the corporate group." Reuters GraphicsHindenburg said in its report it had shorted U.S.-bonds and non-India traded derivatives of the Adani Group.

☆ Adani rides out storm as investors rally behind $2.5 billion share sale
▼ + stars: | 2023-01-31 | by ( ) www.cnbc.com time to read: +4 min

But on Tuesday, the overall share sale was fully subscribed as foreign institutional investors and corporates pumped in funds, although participation by retail investors and Adani Enterprises employees remained low. That sparked $65 billion in cumulative losses for stocks of the Adani group, which called the report baseless. The support for Adani's share sale came even as the flagship's shares closed at 2,973.9 rupees, up nearly 3% but below the lower end of the sale price band of 3,112 rupees. Demand mostly came from foreign institutional investors, as well as corporates who bid in excess of 1 million rupees each, data showed. Adani Transmission closed nearly 4% higher on Tuesday after losing 38% since the Hindenburg report, while Adani Ports and Special Economic Zone climbed 2.6%.

☆ Instant View: Adani's $2.5 billion offer rides out share storm with investor backing
▼ + stars: | 2023-01-31 | by ( ) www.reuters.com time to read: +5 min

COMMENTARYAMBAREESH BALIGA, INDEPENDENT MARKET ANALYST, MUMBAI"The FPO did get subscribed, thanks to a few institutional as well as large family offices. DEEPAK JASANI, HEAD OF RETAIL RESEARCH, HDFC SECURITIES, MUMBAI"For Indian markets, one of the concern areas is out of the way for the time being as this was weighing on investor sentiment. Since the current market price is below the offer price, the retail subscription was low as investors can rather buy it from the market." That was their focus area considering the fact that there was a difference between the market price and the floor price of the FPO. It seems that retail investors did not consider the fact that there is more to rates than just the price."

☆ Analysis: Panama and First Quantum harden battle lines over key copper mine
▼ + stars: | 2023-01-03 | by ( Valentine Hilaire | ) www.reuters.com time to read: +5 min

However, no agreement was forthcoming, prompting the two sides to raise the stakes to protect their interests in the mine, known as Cobre Panama. "Cobre Panama is the only metal mine operating in the country and many foreign companies started operations in Panama with its arrival. Failure to reach a deal could spook foreign investors at a time when Panama is looking to develop three other copper deposits that could bring in similar investments to Cobre Panama, said Morales. First Quantum paid $61 million in royalties to Panama's government in 2021, while the Cobre Panama mine posted sales revenues of $3.2 billion for the year, company data show. LUCRATIVE ASSETIn 2021, Cobre Panama represented more than half of First Quantum's earnings before interest, tax depreciation and amortization (EBITDA).

☆ Brazil's Petrobras will play leading role to expand refineries, says new energy minister
▼ + stars: | 2023-01-02 | by ( ) www.reuters.com time to read: 1 min

Companies Petroleo Brasileiro SA Petrobras FollowRIO DE JANEIRO, Jan 2 (Reuters) - Brazil's new mines and energy minister Alexandre Silveira said on Monday that state-run oil company Petrobras (PETR4.SA) would play a leading role in expanding the country's oil refining sector. During an official event inaugurating his new role, Silveira said that Petrobras would play a leading role, encouraging other groups to join the process. "It is urgent that we enlarge and expand our refineries, taking them to the country's regions and modernizing the plants," he added. Reporting by Marta Nogueira and Pedro Fonseca; Editing by Sarah MorlandOur Standards: The Thomson Reuters Trust Principles.

☆ Brazil's Petrobras to play leading role on refinery expansion -new energy minister
▼ + stars: | 2023-01-02 | by ( ) www.reuters.com time to read: +2 min

Companies Petroleo Brasileiro SA Petrobras FollowRIO DE JANEIRO, Jan 2 (Reuters) - Brazil's new mines and energy minister Alexandre Silveira said on Monday that state-run oil company Petrobras (PETR4.SA) would play a leading role in expanding the refining sector, and stressed the importance of developing renewable resources. Petrobras would encourage other groups to join the process, Silveira said during an official event to start his term in office. The ministry would seek to "revalue" biofuels and include them in Brazil's main energy system through safe and efficient long-term policies, Silveira said. Natural gas and biomass could be especially prominent as Brazil looks to build a medium- and low-carbon economy, added Silveira. "The future of our generation should be guided towards innovation and the expansion of renewable resources," he said.

☆ North Korea's Kim orders 'exponential' expansion of nuke arsenal
▼ + stars: | 2023-01-01 | by ( ) www.cnbc.com time to read: +7 min

During the six-day meeting meant to determine new state objectives, Kim called for "an exponential increase of the country's nuclear arsenal" to mass produce battlefield tactical nuclear weapons targeting South Korea. They still reaffirmed that the door to dialogue with North Korea remains open, according to the South Korean Foreign Ministry. Worries about North Korea's nuclear program have grown since the North last year approved a new law that authorized the preemptive use of nuclear weapons in a broad range of situations and openly threatened to use its nuclear weapons first. Earlier Sunday, South Korea's military detected a short-range ballistic missile launched from the North's capital region. North Korea test-fired more than 70 missiles last year, including three short-range ballistic missiles detected by South Korea on Saturday.

☆ North Korea fires 2 ballistic missiles in resumption of testing
▼ + stars: | 2022-12-18 | by ( The Associated Press | ) www.nbcnews.com time to read: +4 min

South Korea’s military detected the launch of two North Korean ballistic missiles from its northwest Tongchangri area. It said the missiles were fired about 50 minutes apart but gave no further details, like precisely what type of weapons North Korea fired and how far they flew. Its coast guard said the missiles fired from North Korea fell in the waters between the Korean Peninsula and Japan. North Korea has defended its weapons testing as self-defense measures to cope with the expanded U.S.-South Korea military drills that it views as an invasion rehearsal. North Korea already has a growing arsenal of short-range, solid-fueled ballistic missiles targeting key locations in South Korea, including U.S. military bases there.

☆ Foie gras or 'faux gras'? Paris chef offers festive vegan alternative
▼ + stars: | 2022-12-16 | by ( ) www.reuters.com time to read: +2 min

French chef Fabien Borgel, who manages the "42 Degres" vegan restaurant in Paris, created what he calls a "faux gras" two years ago as a substitute to the foie gras traditionally made from fattened duck and goose livers. Foie gras is considered part of France's culinary heritage, but the practice of force-feeding ducks or geese to enlarge their livers is condemned by animal activists. "You have people that have never tasted foie gras and will never taste it and they want something festive for the year-end parties. Borgel's veggy foie gras, containing cashew nuts, sunflower and coconut oil, looks like the traditional foie gras but is more creamy. A poll released by French foie gras producers on Wednesday showed 77% of domestic consumers were not ready to switch from the original to one made from plant-based products.

☆ Russia, mired in war, faces economic pain and attempts to isolate it
▼ + stars: | 2022-12-06 | by ( Andrew Osborn | ) www.reuters.com time to read: +6 min

The war has so far not gone well for Putin. [1/5] Russian President Vladimir Putin chairs a meeting with members of the Security Council via a video link from the Novo-Ogaryovo state residence outside Moscow, Russia December 2, 2022. And Russia, one of the world's biggest energy and commodity producers, has been hit with the harshest Western sanctions in its modern history. For Russia, 2023 is likely to be a year when it tries to stave off more Western attempts to isolate it. As Putin pays up to keep the war in Ukraine grinding on, managing its fallout at home and abroad is likely to get harder.

☆ Carlyle sees big in Japan auto industry as EV shift shakes supply chains
▼ + stars: | 2022-11-22 | by ( Makiko Yamazaki | ) www.reuters.com time to read: +2 min

TOKYO, Nov 22 (Reuters) - U.S. private equity firm Carlyle Group Inc (CG.O) aims to enlarge its footprint in the Japanese automotive sector as the global shift to electric vehicles (EVs) shakes the industry's supply chain, its executives said. With the world quickly moving to EVs, Japanese auto parts suppliers are reviewing strategies that were traditionally tailored for combustion-engine cars, Reiji Terasaka, who heads Carlyle's Japan industrial team, told Reuters in an interview. The Japanese auto industry used to draw strengths from its decades-old keiretsu system - a hierarchical pyramid of equity-interlocked suppliers with automakers sitting atop and ensuring business security. Automakers might not be able to support all kinds of keiretsu companies anymore, Terasaka said, adding that he anticipated changes to how the keiretsu system operated. The private equity industry "has evolved over the last 10 to 20 years from where there was more of a focus on costs," Bernasek said.

☆ North Korea fires ballistic missile as it vows ‘fiercer’ military response to U.S. and allies
▼ + stars: | 2022-11-17 | by ( The Associated Press | ) www.nbcnews.com time to read: +5 min

SEOUL, South Korea — North Korea launched a short-range ballistic missile toward its eastern waters on Thursday, South Korea’s military said, hours after the North threatened to launch “fiercer” military responses to the U.S. bolstering its security commitment to its allies South Korea and Japan. It said South Korea has strengthened its surveillance of North Korea while maintaining military readiness in close coordination with the United States. It was North Korea’s first ballistic missile firing in eight days and the latest in its barrage of tests in recent months. North Korea previously said some of the tests were simulations of nuclear attacks on South Korean and U.S. targets. Many experts say North Korea would eventually want to enhance its nuclear capability to wrest bigger concessions from its rivals.

He said any new strategy should not require new finance from donor countries or for the banks to accept a lower credit rating. Kerry said if the World Bank and regional development banks could increase their lending by the hundreds of billions of dollars, it could leverage trillions in capital from the private sector and other sources. These calls intensified after World Bank President David Malpass in September initially declined to say at a public event whether he accepts the scientific consensus on global warming, which drew condemnation by the White House. Kerry said he would work with German State Secretary for Economic Cooperation and Development Jochen Flasbarth to develop the plan. "We just need a leadership that's ready to stand up, do what the laws allow," he said.

☆ South Africa's Ramaphosa focuses on the poor as he seeks ANC re-election
▼ + stars: | 2022-11-13 | by ( Tim Cocks | ) www.reuters.com time to read: +1 min

Ramaphosa was concluding the African National Congress (ANC) executive committee meeting before an elective conference next month chooses the party's candidate for 2024 national elections. The president faces multiple challengers from within the party, mostly allied to his predecessor Jacob Zuma. Much may depend on whether Ramaphosa is seen as the best candidate to revive the fortunes of the ANC, the popularity of which is at an all-time low. He also pledged to forge ahead with policies to improve the standard of public education and introduce universal health insurance. The ANC's black empowerment initiatives were also mentioned, with Ramaphosa saying the measures need to be more "broad-based".

☆ Sharon Stone had to fight for uterine fibroid diagnosis after ‘worsening pain’ and undergoing ‘incorrect procedure’
▼ + stars: | 2022-11-03 | by ( Ree Hines | ) www.nbcnews.com time to read: +2 min

Sharon Stone has revealed that she needs to have a fibroid tumor removed and said she only learned about the tumor after first being misdiagnosed. “Just had another misdiagnosis and incorrect procedure,” Stone, 64, wrote in a message she shared on Twitter and on her Instagram Stories Tuesday. “This time double epidural.”After suffering “worsening pain,” she sought out a second opinion that led to the current diagnosis. “I have a large fibroid tumor that must come out,” she continued. A fibroid tumor, or uterine fibroid, is a noncancerous growth in the uterus.

☆ The Refreshed David Geffen Hall Hits the Right Notes
▼ + stars: | 2022-10-22 | by ( Michael J. Lewis | ) www.wsj.com time to read: 1 min

New YorkWhen Max Abramovitz revealed his plans for Lincoln Center’s Philharmonic Hall in 1959, the public was told that “the matter of acoustics has been given preference to every other consideration.” If only this had been true. He designed the building to seat 2,400, far more than he thought ideal, but even that number fell short of Carnegie Hall, the orchestra’s previous home. He was pushed to enlarge the auditorium past the breaking point, accommodating 2,646 seats. So much for acoustics being the primary consideration.

Ancient rock carvings that are believed to be more than 2,700 years old have been unearthed by a team of archaeologists in Iraq's northern city of Mosul. The marble slabs were found during restoration work on the Mashki Gate, an ancient monument that was partially destroyed by Islamic State militants when they captured the city in 2016. The relief carvings show scenes of war from the rule of Assyrian kings, in the ancient city of Nineveh, the Iraqi State Board of Antiquities and Heritage said in a statement Wednesday. The gray stone carvings date to the rule of King Sennacherib, in power from 705 to 681 B.C., the statement added. The discovery was made last week by an Iraqi team, alongside American experts from the University of Pennsylvania who are helping to lead the reconstruction effort.

☆ Breakingviews: Bailey outburst blunts BoE crisis-fighting tools
▼ + stars: | 2022-10-12 | by ( Neil Unmack | ) www.reuters.com time to read: +5 min

LONDON, Oct 12 (Reuters Breakingviews) - Andrew Bailey is in danger of blunting the Bank of England’s crisis tools. The UK central bank governor on Tuesday vowed to end emergency bond-buying that has been propping up pension funds, even as investors increasingly assumed the scheme might get extended. Indeed, 30-year bond yields have risen further on Wednesday. CONTEXT NEWSBank of England Governor Andrew Bailey reiterated in a speech on Oct. 11 that the bank planned to its cease its emergency government bond purchases on Oct. 14. The BoE announced a 65 billion pound government bond purchase scheme on Sept. 28 to help indebted pension funds facing margin calls avoid being forced to sell gilts.

☆ Bailey outburst blunts BoE crisis-fighting tools
▼ + stars: | 2022-10-12 | by ( Neil Unmack | ) www.reuters.com time to read: +5 min

LONDON, Oct 12 (Reuters Breakingviews) - Andrew Bailey is in danger of blunting the Bank of England’s crisis tools. The UK central bank governor on Tuesday vowed to end emergency bond-buying that has been propping up pension funds, even as investors increasingly assumed the scheme might get extended. Indeed, 30-year bond yields have risen further on Wednesday. Lastly, if Bailey is indeed forced to U-turn by extending the programme, he will have damaged the bank’s credibility. The BoE announced a 65 billion pound government bond purchase scheme on Sept. 28 to help indebted pension funds facing margin calls avoid being forced to sell gilts.

Apa menajeră din canalizare a ajuns, evident, în apa potabilă, pentru că cele două erau din 1977, iar termenul de exploatare demult expirase. De asemenea, CtEDO a constatat că a avut loc ingerință în drepturile reclamantului, din motiv că integritatea fizică a acestuia a fost afectată de un mediu nesănătos. Apa ne îmbolnăvește, apa ne trateazăÎn total, cinci persoane au ajuns la spital după ce au consumat apă infestată de la robinet. La Ciulucani, Telenești, abia trei ani în urmă a fost dat în exploatare complexul de aprovizionare cu apă potabilă a localității. Stația tratează și apa care ajunge în cele două fântâni.

Persons: de Justiție, Călărășeanca, CtEDO, Ludmila, amoniul, Nefrologul Boris Sasu, Cantemir, arsenul Organizations: de, Curtea Europeană, Drepturilor, Băncii Mondiale, Ministerul Agriculturii, Academia, Științe, Revista, Universității de Stat Locations: Călărași, Republicii Moldova, Ciulucani, Telenești, Orhei, Bălți, Moldova, Hollywood, Florești, Soroca, Republica Moldova, Glodeni, Fălești, Ungheni, Hîncești Căușeni, Criuleni, Nisporeni, Găgăuzia, Ștefan Vodă, Căușeni, Anenii Noi, Taraclia, Cahul, Hîncești, Dondușeni, Vulcănești, Leova, Toyama, Japonia

Apa menajeră din canalizare a ajuns, evident, în apa potabilă, pentru că cele două erau din 1977, iar termenul de exploatare demult expirase. De asemenea, CtEDO a constatat că a avut loc ingerință în drepturile reclamantului, din motiv că integritatea fizică a acestuia a fost afectată de un mediu nesănătos. La Ciulucani, Telenești, abia trei ani în urmă a fost dat în exploatare complexul de aprovizionare cu apă potabilă a localității. Stația tratează și apa care ajunge în cele două fântâni. Concentrația nitraților (NO3) în apa potabilă peste norma admisă este o problemă.

Dintre toate cred că cea mai activă e mama. Dar pentru mama și generația ei acest instrument încă e nou și ispititor. Că ieșirile mamei pe Facebook o să-mi strice imaginea de fată cool pe care o construiesc cu grijă, calculat pe internet. O sun uneori și o rog să se liniștească, de parcă ar fi o adolescentă. Îi spun, mai în glumă, mai în serios, că dacă ajunge la pușcărie o s-o vizitez și o să-i duc borș.

Persons: Eu, Facebook, . Ironic, DODON, Îi, mătușile Organizations: Facebook, ! Locations: borș

☆ O școală europeană îți dă bilet verde la peste 2 mii de universități din lume — Moldova.org
▼ + stars: | 2021-06-25 | by ( Georgeta Carasiucenco | ) www.moldova.org time to read: +6 min

De asemenea, Școala Europeană a Parteneriatului Estic îi învață pe elevi ce sunt afacerile europene și le oferă experiența multinațională de învățare. PublicitateAdrian Chirița studia într-un liceu din Chișinău, iar când era în clasa a X-a a aplicat pentru o bursă la Școala Europeană a Parteneriatului Estic. Școala Europeană a Parteneriatului Estic se află în Georgia. Tânărul a absolvit Școala Europeană a Parteneriatului Estic vara aceasta și așteaptă rezultatele examenelor. Cât despre Școala Europeană, Adrian spune că este o oportunitate bună pentru a primi o educație de calitate, acceptată de universitățile din toată lumea.

Persons: Cui, Adrian Chirița, Adrian, Adrian ., Tânărul Organizations: Uniunii Europene, Școala Europeană, Parteneriatului Estic, Școala, UE, Uniunea Europeană ., Europeană Locations: bioinginerie, Germania, Chișinău, Georgia, Armenia, Azerbaidjan, Belarus, Ucraina, Republica Moldova, Europa, Moldova, UE

Search resuls for: "Enlarge"

25 mentions found