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ATP roundup: Alexander Shevchenko advances to Metz semifinals
  + stars: | 2023-11-09 | by ( ) www.reuters.com   time to read: +1 min
Shevchenko overcame a 10-3 disadvantage in aces by converting two of three break points, to 0-for-3 for Khachanov. Shevchenko advanced to the semifinals Friday against wild card Pierre-Hugues Herbert, who outlasted fellow Frenchman Luca Van Assche 4-6, 6-3, 7-5 on Thursday. Sofia OpenSecond seed Adrian Mannarino and third seed Jan-Lennard Struff avoided upsets with three-set victories Thursday in the quarterfinals in Bulgaria. Mannarino of France eliminated seventh seed Sebastian Ofner of Austria 6-7 (7), 6-4, 6-3. Mannarino advanced to the semifinals Friday against Russia's Pavel Kotov, who defeated eighth seed Marton Fucsovics of Hungary 6-3, 7-6 (3).
Persons: Russia's Alexander Shevchenko, Canada's Felix Auger Aliassime, Pierre Albouy, Alexander Shevchenko, Karen Khachanov, Shevchenko, Pierre, Hugues Herbert, Frenchman Luca Van Assche, Ugo Humbert, Frenchman Harold Mayot, Lorenzo Sonego, Fabio Fognini, Adrian Mannarino, Lennard Struff, France, Sebastian Ofner, Germany's Struff, Hungary's Fabian Marozsan, Struff, Great, Jack Draper, Lorenzo Musetti, Cem Ilkel, Mannarino, Russia's Pavel Kotov, Marton Organizations: Swiss, Basel, Canada's Felix Auger Aliassime REUTERS, Khachanov, Sofia, Thomson Locations: Jakobshalle, Basel, Switzerland, Metz, France, Italy, Bulgaria, Mannarino, Austria, Turkey, Marton Fucsovics, Hungary
The San José galleon sank off the coast of Colombia in 1708 during a battle with British forces. Many of the treasures on board the San José were taken from Colombian and Peruvian mines using slave labor, Insider previously reported. ARMADA DE COLOMBIAIn 1708, the year the San José met its tragic fate, Spain was in the midst of the War of Spanish Succession. ARMADA DE COLOMBIAOn the night of June 8, 1708, British commander Charles Wager attacked the Spanish fleet near Cartagena, Colombia. By modern estimates, the San José may contain between $4 billion and $20 billion of riches, according to Bloomberg.
Persons: , José, Spain's, King Philip of Anjou, Charles of Austria, Philip of Anjou, King Louis XIV, Philip, Charles Wager Organizations: British, Service, West Indies Fleet, Spanish, Expedition, Bloomberg Locations: San, Colombia, Colombian, San Jose, COLOMBIA, Spain, Spanish, France, Cartagena , Colombia, Santa Cruz, American, Bolivia
These people were employees of GoStudent, an Austria-based online-tutoring startup that had quickly become the darling of the European tech scene. But 28 current and former GoStudent employees and tutors said they experienced a poorly run organization with clumsy management. Edtech companies "rarely have any major competitive advantage other than scale," a European venture capitalist who's not affiliated with GoStudent said. A GoStudent employee threatened to track down the petition's author using tutors' IP addresses, according to the German publication Handelsblatt. According to public documents updated in December 2022, GoStudent had shrunk to 15 markets and 1,500 employees, including its acquisitions.
Persons: Felix Ohswald, Gregor Müller, GoStudent, who'd, I'm, Heinz, Peter Meidinger, cofounders, Ferdinand von Hagen, Prada, GoStudent's, Dave Benett, Müller, , Ohswald, Anthony Canavan, Canavan, Brutkasten, Norbert Wess, Harry Murphy, Duncan McIntyre, McIntyre, Neel Gupta, Anna Tuchy, Patrick Nadler, Nadler, Sarah Heuberger, Ross Slater Organizations: German Teachers ' Association, Employees, GoStudent, Conseil, prud'hommes, DBS, Safety Officers, Web, Getty, JP Morgan, Barclays, Deutsche Bank, TechCrunch, Organisation for Economic Cooperation Locations: Vienna, Austria, Silicon Valley, North America, South America, Europe, London, France, Soho , London, Dock, DACH, Germany, Switzerland, Spanish, Sweden, Swedish, GoStudent, Ukraine, Ibiza, GoStudent's, Deliveroo
ATP roundup: Sebastian Korda sent packing early in Basel
  + stars: | 2023-10-23 | by ( ) www.reuters.com   time to read: +1 min
Korda fired eight aces to Etcheverry's two and won 33 of 39 first-serve points (84.6 percent), but Etcheverry moved on after saving four of six break points and breaking Korda twice in three opportunities. Dutch qualifier Botic van de Zandschulp beat Spaniard Roberto Bautista Agut 7-5, 6-7 (3), 6-2 in three hours, three minutes. 5 seed Alexander Zverev of Germany made quick work of Austrian wild card Sebastian Ofner, winning 6-4, 6-1 in the first round in Vienna. 8 seed Karen Khachanov defeated Roman Safiullin 6-4, 6-4 in a match between Russians. Cameron Norrie of Great Britain, Matteo Arnaldi of Italy and Jiri Lehecka of the Czech Republic also advanced.
Persons: Sebastian Korda, Argentina's Francisco Cerundolo, Aly, Tomas Martin Etcheverry, Korda, Etcheverry, Botic van, Zandschulp, Roberto Bautista Agut, Andy Murray of Great, Germany's Yannick Hanfmann, Argentina's Sebastian Baez, Germany's Jan, Lennard Struff, Alexander Zverev, Sebastian Ofner, Ofner, Zverev, Karen Khachanov, Roman Safiullin, Cameron Norrie, Matteo Arnaldi, Jiri Lehecka Organizations: Shanghai, Sports City Arena, Swiss, Basel, Erste Bank, Austrian, Thomson Locations: Shanghai, China, Argentina, Germany, Vienna, Great Britain, Italy, Czech Republic
Austrian ex-chancellor Kurz goes on trial for perjury
  + stars: | 2023-10-18 | by ( ) www.reuters.com   time to read: +3 min
Former Austrian Chancellor Sebastian Kurz speaks to media as he arrives at the Austrian People's Party (OeVP) conference in Graz, Austria May 14, 2022. REUTERS/Lisa Leutner/File Photo Acquire Licensing RightsVIENNA, Oct 18 (Reuters) - Austria's conservative former chancellor Sebastian Kurz went on trial for perjury on Wednesday in a case separate from the corruption investigation that forced him from office but which could still influence his ruling party's electoral fate. Kurz, who denies all the allegations made against him, has quit politics yet the ruling coalition he formed with the left-wing Greens in 2020 remains in power. Kurz's People's Party (OVP) is currently neck-and-neck with the opposition Social Democrats in opinion polls, well behind the far-right Freedom Party on around 30%. As chancellor, Kurz was one of Europe's youngest leaders and a household name in German-speaking countries known for his hard line on immigration.
Persons: Sebastian Kurz, Lisa Leutner, Kurz, Kurz's, Gernot Bluemel, Chancellor Karl Nehammer, Francois Murphy, Alexandra Schwarz, Christina Fincher Organizations: Austrian, Austrian People's Party, REUTERS, Rights, Greens, Kurz's People's Party, Social, Party, OVP, Thomson Locations: Graz, Austria, Vienna
Robert Holzmann, governor of Austria's central bank, speaks during an event in Vienna, Austria, on Tuesday, Sept. 26, 2023. Bloomberg | Bloomberg | Getty ImagesAustrian central bank Governor Robert Holzmann said the European Central Bank could implement one or two further interest rate increases, if there are "additional shocks" to the economy. watch nowThe European Central Bank opted to hike interest rates to a record in September, continuing a cycle that has lasted almost two years. In a market-moving statement in mid-September, the ECB also indicated that further hikes may be off the table for now. He added that there was a "clear downward trend" in prices, in an interview with franceinfo, as translated by CNBC.
Persons: Robert Holzmann, Holzmann, Holzmann's, Francois Villeroy de Galhau, franceinfo Organizations: Bloomberg, Getty, European Central Bank, CNBC, International Monetary, Bank, ECB Locations: Austria's, Vienna, Austria, Marrakech
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEurope is in a much better situation this winter when compared to last year, OMV CEO saysAlfred Stern, CEO of Austrian energy major OMV, discusses the state of play in the oil market and the outlook for Europe’s energy security.
Persons: OMV, Alfred Stern
ATP roundup: No. 4 seed Stefanos Tsitsipas ousted in Beijing
  + stars: | 2023-09-29 | by ( ) www.reuters.com   time to read: +1 min
Aug 30, 2023; Flushing, NY, USA; Stefanos Tsitsipas of Greece hits to Dominic Stricker of Switzerland on day three of the 2023 U.S. Open tennis tournament at USTA Billie Jean King National Tennis Center. 4 seed Stefanos Tsitsipas of Greece 6-4, 6-4. 6 seed Jannik Sinner of Italy, defeated a pair of Brits, Cameron Norrie and Daniel Evans, respectively, to advance to the second round. Astana OpenJurij Rodionov of Austria defeated second-seeded Sebastian Baez of Argentina 6-2, 6-4 to advance to the quarterfinals in Kazakhstan. Also advancing were Czech Jiri Lehecka, Sebastian Korda and Adrian Mannarino of France, seeded fourth through sixth, respectively.
Persons: Stefanos, Dominic Stricker of, USTA Billie Jean King, Danielle Parhizkaran, Nicolas Jarry of, Carlos Alcaraz, Yannick Hanfmann, Daniil Medvedev, Russia, Tommy Paul, Holger Rune of Denmark, Canada's Felix Auger, Casper Ruud of, Lennard Struff, Andrey Rublev, Italy, Cameron Norrie, Daniel Evans, Alexander Zverev, Argentina's Diego Schwartzman, Jurij Rodionov, Austria, Sebastian Baez, Rodionov, Czech Jiri Lehecka, Sebastian Korda, Adrian Mannarino of Organizations: USTA Billie, USTA Billie Jean King National Tennis Center, China, Jurij, Thomson Locations: Flushing , NY, USA, Greece, Dominic Stricker of Switzerland, Beijing, Nicolas Jarry of Chile, Germany, Casper Ruud of Norway, Russia, Argentina, Kazakhstan, Czech, Adrian Mannarino of France
Austria's former foreign minister Karin Kneissl has moved to St. Petersburg to manage a think tank. A Russian military plane flew her and her ponies to Russia. She said she had decided to move to Russia to run a think tank at St. Petersburg University, reported Russia's state-owned Tass news agency. I decided to move to St. Petersburg for this work." AdvertisementAdvertisementKneissl said on social media that she took a Russian military plane to St. Petersburg along with her possessions — and ponies — as due to sanctions against Syria there were no commercial flights or DHL.
Persons: Karin Kneissl, Putin, Vladimir Putin, Kneissl Organizations: Service, Russian, Petersburg University, Tass, Gorki, Austrian Freedom Party, BBC, DHL, Guardian, Kneissl Locations: St, Petersburg, Russian, Russia, Wall, Silicon, Austrian, St . Petersburg, Syria, Austria, France, Lebanon
STOCKHOLM, Sept 12 (Reuters) - Austria striker Marko Arnautovic notched two second-half goals as his side comfortably beat Sweden 3-1 in their Group F qualifier at the Friends Arena on Tuesday, dealing a serious blow to the hosts' hopes of qualifying for Euro 2024. Belgium, who thrashed Estonia 5-0 in Brussels, top the group on 13 points after five games, ahead of Austria on goal difference. The Swedes are third on six points with Azerbaijan fourth on one point along with bottom side Estonia. Austria made it two three minutes later when a clearance by Sweden defender Isak Hien only went as far as Marcel Sabitzer and he played a first-time ball to Arnautovic, who swivelled and calmly fired home. Sweden coach Janne Andersson made a flurry of late changes and substitute Emil Holm pulled a late goal back but Austria easily held on and moved a step closer to qualification.
Persons: Marko Arnautovic, Michael Gregoritsch, Stefan Posch's, Isak Hien, Marcel Sabitzer, swivelled, Philipp Mwene, Arnautovic, Janne Andersson, Emil Holm, Philip O'Connor, Ken Ferris Organizations: Sweden, Friends, Estonia, Azerbaijan, Thomson Locations: STOCKHOLM, Austria, Belgium, Brussels, Estonia, Sweden
VIENNA, Sept 12 (Reuters) - Austrian anti-corruption prosecutors said on Tuesday they had dropped a bribery investigation into former conservative Finance Minister Gernot Bluemel for lack of proof. A concrete donation by the gambling company to the party could not be proven," the Central Prosecutors' Office for Economic Crimes and Corruption (WKStA) said in a statement. Kurz led his conservatives to victory in a parliamentary election following the government's collapse in 2019 but was forced to resign as chancellor in 2021 when he was placed under investigation over corruption allegations. He is also under investigation for possible perjury in testimony to a parliamentary commission. Their party remains in government and leads a coalition with the Greens formed in 2020.
Persons: Gernot Bluemel, Christian Strache, Strache, Sebastian Kurz, Bluemel, Kurz, Francois Murphy, Sharon Singleton Organizations: Finance, Party, Heinz, Central Prosecutors, Economic, Greens, Thomson Locations: VIENNA, Austrian, Austria
CNN —A 22-year-old German man has been detained in Florence accused of damaging a statue in the 16th-century Fountain of Neptune in the Piazza della Signoria, city authorities said in a statement. The city estimates the damage to the statue is around €5,000 ($5,400). The fountain features a statue of the Roman sea god Neptune atop a shell-shaped carriage pulled by horses. The mayor of Florence tweeted a photo of the 22-year-old German tourist, whose face was blurred, posing on the 16th-century Fountain of Neptune in Piazza della Signoria in Florence. In August, German tourists were accused of spray-painting soccer graffiti on a wall of the historic Vasari Corridor nearby.
Persons: Neptune, Florence Mayor Dario Nardella, Francesco Bellini, Cosimo I de Medici, Duke of Florence, Francesco, Duchess Joanna of Austria Organizations: CNN, Florence Locations: Florence, Piazza della, Vasari
STOCKHOLM (AP) — Two executives of a Swedish oil exploration and production company went on trial Tuesday in Stockholm for securing the company's operations in Sudan through their alleged complicity in war crimes in 20 years ago. The two executives are accused of involvement in the Sudanese government's military campaign to clear an area in southern Sudan for oil production. South Sudan gained independence from Sudan in 2011 to become the world’s youngest nation. They also want 1.4 billion kronor ($127 million) confiscated from Lundin Oil because of economic benefits that were achieved from the alleged crimes. In Sweden, the maximum penalty for complicity in war crimes is a life prison sentence, which generally means a minimum of 20 to 25 years.
Persons: Ian Lundin, Alex Schneiter, Omar al, Bashir, Lundin, , Schneiter “ Organizations: STOCKHOLM, Sudanese, Court, Petronas Carigali Overseas, Sudapet Ltd, Lundin Oil, Prosecutors Locations: Stockholm, Sudan, Darfur, OMV, Austria, Sudanese, Swedish, Lundin, Sweden
Early in the second set of her second-round match on Thursday night, a ball bounced just past Ons Jabeur’s reach, and she lost the point, throwing her arms up in exasperation. 5 seed, would probably have reached the ball in time to return it down the line, but she has been playing while sick. Jabeur, who reached the U.S. Open final last year, is among several players who have had to contend with an illness of some sort at this year’s tournament. Dominic Thiem of Austria retired in the second set of his second-round match, doubled over at the net with what appeared to be a stomach-related issue. Tennys Sandgren, who failed to advance out of the qualifiers, wrote on X, formerly known as Twitter, that he became ill after returning home from the tournament.
Persons: Jabeur, Dominic Thiem, Austria, Emil Ruusuvuori, Tennys Sandgren Organizations: U.S
CNN —Former Austrian Chancellor Sebastian Kurz has been charged with giving false testimony, Austria’s Economic and Corruption Prosecutor’s Office announced on Friday. The prosecutors in Vienna allege that Kurz gave false evidence to a committee of the Austrian parliament that was investigating whether his government was open to bribes and corruption. Specifically, the prosecutors say he gave false evidence when asked about executive appointment to the board of Austria’s sovereign wealth fund, the state holding company Öbag. The 36-year-old former Austrian leader has denied the accusations. Once seen as a wunderkind of European politics, Kurz became the youngest-ever chancellor of Austria and Europe’s youngest leader in 2017, when he led his center-right Austrian People’s Party (ÖVP) to an election victory.
Persons: CNN —, Sebastian Kurz, Kurz, Kurz’s, Bernhard Bonelli, , Austria, Heinz, Christian Organizations: CNN, CNN — Former Austrian, Austria’s, Corruption Prosecutor’s, Austrian, Austrian People’s Party Locations: Vienna
Two Gen Xers who moved to Austria from the US said they had more freedom and fewer anxieties. But after some thought, the 53-year-old decided to move up his retirement plans and relocate to his wife's home country of Austria. Many Americans are moving to Austria recently for employment opportunities and to improve their quality of life. Austria also ranks in the top 10 globally for safety, healthcare, and infrastructure, which Barnett said was "super rare." "I don't have any interest in leaving Austria," Valentine said.
Persons: Xers, Michael Valentine, he's, Valentine, Jen Barnett, Barnett, Austria's, it's, Michael Valentine Valentine, acclimated, workweek, Lewis, Rick Lewis Rick Lewis Organizations: Service, US, University of Innsbruck Locations: Austria, Europe, Vienna, Innsbruck, Wall, Silicon, Michigan, Linz, America, Innsbruck Valentine, Italy, Croatia, Detroit, China, Ohio, Austrian, South Korea, Switzerland, Russia, Bahamas, Africa
Across the world, mountains with permafrost melt have shown larger and more frequent landslides, the Intergovernmental Panel on Climate Change reported. Sean Gallup / Staff / Getty ImagesBut warming temperatures due to climate change affect more than permafrost. "As mountains get smaller, they reduce pressure on the surrounding slopes, and this is often the trigger for mass movements," Knight said. Climate change puts their lives in danger from mudslides, landslides, rockfalls, and more. The futureAs climate change accelerates, mountain environments change more quickly, as well.
Persons: Fluchthorn, Jasper Knight, that's, Knight, Sean Gallup, SIERRA, Alejandro Argumedo, Tammy Stenner, Stenner, Argumedo, Frédéric Soltan, they're Organizations: Swiss, Service, University of Witwatersrand, Research, rockfalls, Staff, Mount Cook National, South America Locations: Austrian, Southern, New Zealand, Mt, Fluchthorn, Austria, Switzerland, South Africa, South Island , New Zealand, South, ANDES, Peru, Yunnan, China, Peru's, Peruvian
Raiffeisen Bank spent $220 million more in staff costs for the Russian market in the first half of 2023. The Austrian bank is the largest Western bank still operating in Russia. And though the increase in headcount is minuscule, the bank's staff cost doubled during the reporting period, the Financial Times reported Tuesday. Raiffeisen Bank — the largest Western bank still operating in Russia, per Reuters — is still profitable in the country. Profits after tax at Raiffeisen's Russian business rose 9% on-year to 685 million euros in the first six months of the year.
Persons: It's, Raiffeisen, Reuters —, Johann Strobl, Strobl Organizations: Raiffeisen Bank, Service, Staff, Austria's Raiffeisen Bank, Financial Times, Raiffeisen, Reuters, New York Times Locations: Austrian, Russia, Wall, Silicon, Russian, Vienna, Ukraine
Col du Platzerwasel Puy de Dôme Col du Tourmalet Stage 20 Stage 9 Stage 6 Col du Platzerwasel Stage 20 Puy de Dôme Stage 9 Col du Tourmalet Stage 6 Photos of cyclists climbing mountains at the Tour de France. Col du Tourmalet (Stage 6)10.4 miles 7.4% avg. gradient Tadej Pogacar Pro cyclist Starts in 00:00:00 00:00:00 Rich Bower School administrator 00:00:00 Start the climb! gradient Sepp Kuss Pro cyclist Starts in 00:00:00 00:00:00 Martin Catherineau Student 00:00:00 Start the climb! gradient Feilx Gall Pro cyclist Starts in 00:00:00 00:00:00 Christophe Schmitt Newspaper journalist 00:00:00 Start the climb!
Persons: du Platzerwasel Puy, du, Etienne Garnier, du Platzerwasel, MARCO BERTORELLO, Thibault Camus, Col du Tourmalet, Rich Bower, du Tourmalet, Bower, Rich Bower “, , , Puy, Sepp, Martin, Sepp Kuss, Martin Catherineau, Col du Platzerwasel, Christophe Schmitt, Felix Gall of Austria, Schmitt Organizations: Tour de France, Agence France, Presse, Getty Images, Getty, AP, Amateur, de France, Rich Bower School, Martin Catherineau Locations: AFP, Slovenia, Oxfordshire, England, France, American, Lyon, Europe, Eastern France, Mulhouse
[1/3] Cycling - Tour de France - Stage 17 - Saint-Gervais Mont Blanc to Courchevel - France - July 19, 2023 AG2R Citroen Team's Felix Gall celebrates as he crosses the finish line to win stage 17 REUTERS/Stephane MaheCOURCHEVEL, France, July 19 (Reuters) - Jonas Vingegaard made a giant stride towards a second consecutive Tour de France title when crash-hit rival Tadej Pogacar cracked in the toughest stage of the race on Wednesday. What was a 10-second gap two days ago is now an unbridgeable 7:35 gap after Pogacar huffed and puffed over the line more than five minutes behind Jumbo-Visma leader Vingegaard. "I'm relieved to have more than seven minutes but we're not in Paris yet, there's some tricky stages left, still," said Vingegaard. Vingegaard slowed down and zig-zagged through to continue his demolition work until the line, which he crossed with a big smile on his face. Also why do they let cars pass us when the gap between the groups of riders is just 15 seconds?"
Persons: Gervais Mont, Team's Felix Gall, Stephane Mahe COURCHEVEL, Jonas Vingegaard, Tadej Pogacar, Vingegaard, la, Felix Gall of Austria, Saint Gervais, I'm, Pogacar, Benoot, Marc Soler, Griescha Niermann, Jonas, Thibaut Pinot, Julien Pretot, David Goodman, Mike Harrison Organizations: de, de France, UAE Emirates, Thomson Locations: Gervais Mont Blanc, Courchevel, France, Saint, Paris
Tsitsipas needs two days to beat Thiem in five sets
  + stars: | 2023-07-05 | by ( ) www.reuters.com   time to read: +3 min
The 24-year-old Greek, chasing a maiden Grand Slam title, will next play two-time Wimbledon champion Andy Murray on Centre Court on Thursday. They both refused to buckle in the fourth, taking it into a tiebreak where Thiem prevailed to force a decider. Thiem had one chance to break at 3-3 but then handed a match point to Tsitsipas a little later with a double fault at 6-5. He saved another at 9-7 in the tiebreak before the Greek sealed it on the third attempt. Reporting by Karolos Grohmann; Additional reporting by Martyn Herman Editing by Toby DavisOur Standards: The Thomson Reuters Trust Principles.
Persons: Tsitsipas, Austria's Dominic Thiem, Andrew Couldridge, Dominic Thiem of, Andy Murray, Dominic, I'm, I've, Thiem, Roger Federer, Rafa Nadal, Novak Djokovic, Rain, Karolos Grohmann, Martyn Herman, Toby Davis Organizations: Lawn Tennis, Croquet Club, Austria's Dominic Thiem REUTERS, Wimbledon, Centre, Thomson Locations: London, Britain, Dominic Thiem of Austria, Murray, Madrid
Melbourne has topped the list seven times so far, but Vienna has come first for the past two years. Instead, the ranking has been dominated by cities in Europe, Australia, and Canada. Last year, when two cities were tied for both third and 10th place, the list consisted of six cities in Europe, three in Canada, and one each in Japan and Australia. In creating the list, the EIU looked at 173 cities across the world. Since the EIU started the ranking in 2009, Melbourne, Australia, has topped the list seven times.
Persons: , , isn't, San Diego – Organizations: Economist Intelligence, Service, New Zealand, Commonwealth Fund Locations: Melbourne, Vienna, Austria, Honolulu, Europe, Australia, Canada, Japan, New, Auckland , New Zealand, California, Los Angeles, San, San Francisco, New York City, Auckland, Vancouver
The Economist Intelligence Unit just published its ranking of the most liveable cities. Melbourne has topped the list seven times so far, but Vienna has come first for the past two years. The EIU has been publishing its Global Liveability Ranking annually since 2009, apart from a break in 2020 during the pandemic. Instead, the ranking has mainly been dominated by cities in Europe, Australia, and Canada. Since the EIU started the ranking in 2009, Melbourne, Australia, has topped the list seven times.
Persons: , , isn't, San Diego – Organizations: Economist Intelligence, Service, New Zealand, Commonwealth Fund Locations: Melbourne, Vienna, Austria, Europe, Australia, Canada, Japan, New, Auckland , New Zealand, California, Los Angeles, San, San Francisco, New York City, Auckland, Vancouver
[1/2] A general view of ADNOC headquarters in Abu Dhabi, United Arab Emirates May 29, 2019. ADNOC and Covestro declined to comment. The OMV deal would indirectly also increase ADNOC's holding in both European petrochemicals maker Borealis and Abu Dhabi-listed petrochemicals company Borouge (BOROUGE.AD). SABIC (2020.SE), also of Saudi Arabia, in the same year purchased a stake of almost 25% in Swiss chemicals maker Clariant (CLN.S). Thanks to a 2007 deal to buy GE's plastics unit, SABIC competes with Covestro in polycarbonate plastics.
Persons: Christopher Pike, Abu Dhabi's, ADNOC, Sultan, Jaber, Lanxess, SABIC, Ludwig Burger, Patricia Weiss, Christoph Steitz, Hadeel Al, Greg Roumeliotis, Louise Heavens, Sharon Singleton, Elisa Martinuzzi, Alexandra Hudson Organizations: United, United Arab Emirates, REUTERS, Abu Dhabi National Oil Company, Covestro, Alexandra Hudson Our, Thomson Locations: Abu Dhabi, United Arab, Covestro, Europe, Saudi Aramco, Saudi Arabia, Swiss, Frankfurt, Hadeel Al Sayegh, Dubai
[1/2] A general view of ADNOC headquarters in Abu Dhabi, United Arab Emirates May 29, 2019. REUTERS/Christopher Pike/File PhotoJune 20 (Reuters) - Abu Dhabi National Oil Company (ADNOC) has approached German plastics and chemicals maker Covestro AG (1COV.DE) with a takeover proposal worth more than 10 billion euros ($10.9 billion), two people familiar with the matter said on Tuesday. The OMV deal would indirectly also increase ADNOC's holding in both European petrochemicals maker Borealis and Abu Dhabi-listed petrochemicals company Borouge (BOROUGE.AD). SABIC (2020.SE), also of Saudi Arabia, in the same year purchased a stake of almost 25% in Swiss chemicals maker Clariant (CLN.S). Thanks to a 2007 deal to buy GE's plastics unit, SABIC competes with Covestro in polycarbonate plastics.
Persons: Christopher Pike, Abu Dhabi's, ADNOC, Sultan, Jaber, Lanxess, SABIC, Ludwig Burger, Patricia Weiss, Christoph Steitz, Hadeel Al, Greg Roumeliotis, Louise Heavens, Sharon Singleton, Elisa Martinuzzi, Alexandra Hudson Organizations: United, United Arab Emirates, REUTERS, Abu Dhabi National Oil Company, Covestro, Alexandra Hudson Our, Thomson Locations: Abu Dhabi, United Arab, Covestro, Europe, Saudi Aramco, Saudi Arabia, Swiss, Frankfurt, Hadeel Al Sayegh, Dubai
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