DIRS.INFO The most relevant business & tech news

☆ Nikola says damaged truck reignites at its headquarters
▼ + stars: | 2023-07-24 | by ( ) www.reuters.com time to read: 1 min

July 23 (Reuters) - An electric truck which was previously damaged reignited at Nikola's (NKLA.O) Phoenix, Arizona headquarters on Sunday afternoon but there were no injuries, the electric-truck maker said in a statement. "At approximately 2 pm today at Nikola HQ, one of the trucks that was previously damaged reignited. This comes after last month's fire when Nikola reported a fire around its headquarters and said it suspects foul play behind the incident that affected multiple trucks but caused no injuries. The damaged trucks were kept at the company's Phoenix site for "safety monitoring and the ongoing investigations." Reporting by Juby Babu and Akash Sriram in Bengaluru; Editing by Nivedita BhattacharjeeOur Standards: The Thomson Reuters Trust Principles.

Persons: Nikola, Juby Babu, Akash Sriram, Nivedita Organizations: Nikola, Thomson Locations: Phoenix , Arizona, Bengaluru

☆ Worsening euro zone business downturn reignites recession fears
▼ + stars: | 2023-07-24 | by ( Jonathan Cable | ) www.reuters.com time to read: +4 min

The survey also indicated the European Central Bank's sustained campaign of interest rate rises is starting to take its toll on consumers and denting the services sector. In our baseline case we expect subdued growth for the second half of the year, but today's data suggest the risk of a small contraction in euro zone GDP in Q3 is increasing." In France a downturn extended into July as both the services and manufacturing sectors did worse than expected. A PRICE TO PAYThe euro zone services PMI fell to 51.1 from 52.0, its lowest since January and shy of the Reuters poll forecast for 51.5. An index measuring output, which feeds into the composite PMI, fell to its lowest in over three years.

Persons: Paolo Grignani, Jack Allen, Reynolds, Jonathan Cable, John Stonestreet, Toby Chopra Organizations: P Global, June's, Oxford Economics, PMI, Reuters, Capital Economics, ECB, Thomson Locations: Germany, France, Europe's, Britain

That followed the U.S. decision to impose export restrictions to curb China's access to key technologies used for artificial intelligence (AI). China has been the go-to for companies because it is able to export processed minerals at a lower cost than other countries. In Taiwan, a senior government official said China's restrictions on exports of gallium and germanium marked "a new wave of retaliation" in a "tit-for-tat approach." Some industry watchers believed China's metals restrictions could trigger short-term supply snags and higher prices. But Navitas Semiconductor Corp (NVTS.O), which makes chips that use a substance called gallium nitride, on Wednesday said it expects no adverse effects to its business from China's export controls.

Persons: China's, Stewart Randall, Janet Yellen, Roy Lee, John Strand, Supantha Mukherjee, Hakan Ersen, Ben Blanchard, Brenda Goh, Kanishka Singh, Anne Marie Roantree, David Gaffen, David Gregorio Our Organizations: U.S . Department of Commerce, EV, Sweden's Ericsson, Ericsson, U.S, Treasury, Navitas Semiconductor Corp, Thomson Locations: SHANGHAI, STOCKHOLM, WASHINGTON, Beijing, U.S, China, United States, Shanghai, Intralink, Netherlands, Australia, Europe, Taiwan, South Korea, Japan, Korea, Copenhagen, Stockholm, Berlin, Taipei, Washington

☆ Turkey's inflation rate cools despite steep lira plunge
▼ + stars: | 2023-07-05 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

Turkey's monthly inflation rate for June came in lower than expected, despite the continued collapse of the lira currency following the re-election of President Recep Tayyip Erdogan. Turkey's consumer price index rose 3.92% month-on-month, official data showed Wednesday. On a year-on-year basis, inflation rose 38.21%, also slightly lower than Reuters' forecasts of 39.47%. "The lira freefall starts to take its toll once again as it reignites cost pressures," he said. Ash added that the central bank will need to "work very hard to bring inflation meaningfully down from here."

Persons: Recep Tayyip Erdogan, Bartosz Sawicki, Timothy Ash, Ash Organizations: Reuters, CNBC

☆ Video of man driving over woman repeatedly reignites China's domestic violence debate
▼ + stars: | 2023-06-30 | by ( Nectar Gan | ) edition.cnn.com time to read: +8 min

The wife had reportedly suffered years of domestic violence and was planning on a divorce, her family told state media outlet The Paper. “Given its prevalence, domestic violence is an issue everyone knows about, even if they have not encountered it themselves.”Volunteers in Ma Anshan city, Anhui province sign their names on a banner against domestic violence on December 14, 2011. TopPhoto/AP‘Family affair’In China, domestic violence has traditionally been regarded as a private family matter. The law defines domestic violence for the first time, covering both physical and psychological violence – though it fails to address sexual abuse such as marital rape. “Domestic violence allegations, even when they’re supported by evidence, make no difference – like judges just don’t care at all,” he said.

Persons: –, ”, Feng Yuan, Feng, …, Ethan Michelson, Michelson, they’re, it’s, “, Xi Jinping Organizations: Hong Kong CNN, Twitter, “, ” Volunteers, Ministry of Civil Affairs, Indiana University , Bloomington Locations: Hong Kong, China, Shandong, Dongying, Guangdong, Chengdu, –, Weibo, Beijing, Ma Anshan, Anhui, Michelson

☆ Fanatics' first big sports-betting acquisition could reignite M&A in the sector, as rumors fly and buyers 'smell blood in the water'
▼ + stars: | 2023-05-18 | by ( Ashley Rodriguez | ) www.businessinsider.com time to read: +7 min

Fanatics' first big sports-betting acquisition could be the spark that reignites M&A in the sector. Industry insiders speculate on what deals could come next. It's go time for M&A in sports betting as newcomer Fanatics makes its first big acquisition in the sector and rumors fly about who will be snapped up next. On Sunday, Australia's PointsBet announced it had agreed to sell its US operations to Fanatics' betting and gaming division for about $150 million in cash. "I think Fanatics smells blood in the water," said one industry consultant who had been following Fanatics closely.

☆ Donald Trump … on CNN? A Live Town Hall Reignites a Debate.
▼ + stars: | 2023-05-10 | by ( Michael M. Grynbaum | ) www.nytimes.com time to read: +1 min

Should a leading presidential contender be given the opportunity to speak to voters on live television? What if that contender is former President Donald J. Trump? Mr. Trump is set to appear on CNN on Wednesday night for a town hall in New Hampshire — his first live appearance on a major TV news network (besides those controlled by Rupert Murdoch) since 2020 — and a torrid media debate is swirling. Those objections intensified on Tuesday after Mr. Trump was found liable for the sexual abuse and defamation of the writer E. Jean Carroll. “Is @CNN still going to do a town hall with the sexual predator twice impeached insurrectionist?” Alexander S. Vindman, the Army colonel who was a witness in Mr. Trump’s first impeachment trial, wrote on Twitter.

☆ Texas mall shooting prompts Biden to renew call for gun control
▼ + stars: | 2023-05-07 | by ( Maria Caspani | ) www.reuters.com time to read: +5 min

REUTERS/Reuters TVMay 7 (Reuters) - U.S. President Joe Biden on Sunday called on Congress to pass gun control bills in the wake of yet another mass shooting that left nine people dead, including the gunman, at a Texas mall on Saturday. The gunman killed eight people, including children, and wounded at least seven, before a police officer killed him, police said on Saturday. Some Twitter users said people and politicians needed to see videos like this one to grasp the magnitude and horrific nature of gun violence. Senate Majority Leader Chuck Schumer and other Democrats stressed the need to pass stronger gun safety legislation to curtail gun violence. One unidentified eyewitness told local ABC affiliate WFAA TV that the gunman was "walking down the sidewalk just ... shooting his gun outside."

☆ Sudan Power Battle Reignites Violence in Restive Darfur
▼ + stars: | 2023-05-05 | by ( Nicholas Bariyo | ) www.wsj.com time to read: 1 min

Brick houses in Sudan’s capital, Khartoum, where clashes have been most intense. Photo: -/Agence France-Presse/Getty ImagesThe battle for power between Sudan’s top two generals has reignited intercommunal violence in the country’s Darfur region, a gold-rich area still scarred by what is widely considered the first genocide of the 21st century. The World Health Organization says at least 221 people have been killed in West Darfur, near Sudan’s border with Chad, since fighting erupted on April 15 between the military, led by Lt. Gen. Abdel Fattah al-Burhan, the country’s de facto head of state, and the paramilitary Rapid Support Forces, commanded by Lt. Gen. Mohamed Hamdan Dagalo , Gen. Burhan’s deputy.

PacWest plunges as banking woes spreadThe regional banking sector is teetering again, with PacWest’s stock plummeting more than 35 percent in premarket trading, despite the Fed chair Jay Powell’s assessment that the worst is over. The Los Angeles-based lender confirmed that it was talking to potential investors following reports that it was exploring a sale. Investors may be feeling some déjà vu after witnessing two big bank failures, and billions in market value wiped out, since the collapse of Silicon Valley Bank in March. It’s not just PacWest in free-fall. News of a potential PacWest sale, first reported by Bloomberg — and confirmed by DealBook — came just hours after Mr. Powell declared that the banking system was “sound and resilient.”

☆ The Star Wars timeline: All movies and shows in chronological order
▼ + stars: | 2023-05-04 | by ( Scottie Andrew | ) edition.cnn.com time to read: +15 min

These details are pulled from the official “Star Wars” resources “Ultimate Star Wars” and “Star Wars Character Encyclopedia,” as well as experts from outlets like USA Today and the AV Club. ‘Star Wars: The Clone Wars’ (animated series)Ahsoka is Anakin's padawan in "The Clone Wars," and he lovingly calls her "Snips." ‘Solo: A Star Wars Story’"Solo" shows how Han and Chewie became best friends. ‘Star Wars Rebels’Kanan Jarrus, Zeb Orrelios and Sabine Wren take on the Empire in "Star Wars Rebels." ‘Rogue One: A Star Wars Story’Heroes attempt to find the plans to blow up the Death Star in "Rogue One."

☆ Tesla fans are buzzing about a suspected Model 3 redesign after an unverified photo circulated online
▼ + stars: | 2023-04-14 | by ( Nora Naughton | ) www.businessinsider.com time to read: +2 min

Reddit post reignites Model 3 redesign rumors. Rumors of Tesla's first-ever major redesign are intensifying after pictures appeared to leak online this week of a refreshed Model 3. Tesla analysts have long suspected that a Model 3 redesign is in the pipeline for this year, and some Tesla fans have started posting suspected photos of these models online in recent months. Tesla is taking on the mass marketMusk has said Tesla aims to build 2 million vehicles this year, nearly doubling its 2022 production capacity. These moves, coupled with redesigns, are all but necessary in order for Tesla to truly compete with the likes of GM and Toyota.

☆ Fact Check-Obama’s father’s passport circulates online and reignites ‘birther’ conspiracy
▼ + stars: | 2023-04-13 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

A British passport listing a Kenyan province as the holder’s place of birth belongs to Barack Hussein Obama, father of former U.S. President Barack Obama. Images of the document, however, have been misrepresented online with social media users falsely claiming it shows the former president’s passport. The passport document garnered traction online after Malik Obama, Barack Obama’s half-brother and a vocal critic of his, tweeted four photographs of the passport on April 13 (here). The captions identify the document as: “Barack Obama-Barack Obama Sr. -British Passport.”Reuters has previously debunked similar claims about Obama (here here)VERDICTFalse. Photos depict the passport of former U.S. President Barack Obama’s father.

☆ Adani's fall reignites scrutiny of billionaire's close ties with Modi
▼ + stars: | 2023-02-16 | by ( Sumathi Bala | ) www.cnbc.com time to read: +7 min

Ashok Swain Uppsala UniversityHindenburg's report has further sharpened the focus on the billionaire mogul's close ties with Modi. After Modi became prime minister, Adani continued to benefit from the relationship but on a much larger scale, said Swain. In his address to parliament last week, the prime minister seemed unfazed by the opposition's criticism and made no mention of Adani. "And you can never breach this safety shield with the weapons of abuse and lies," he said, as opposition lawmakers chanted "Adani, Adani." "Prime Minister Modi and I are from the same state.

☆ LeBron reignites 'GOAT' debate after breaking NBA scoring record
▼ + stars: | 2023-02-08 | by ( Frank Pingue | ) www.reuters.com time to read: +4 min

"I know what I bring to the table every single night and what I can do out on this floor. "I always say Michael Jordan is the GOAT. Former NBA coach George Karl, whose teams went up against both Jordan and James, also weighed into the GOAT debate last month. Karl suggested Jordan would have been even more dominant in today's game amid a league-wide trend in favour of offense. "Anyone who is debating Michael's GOAT status doesn't realize he would average a 40 PPG triple double in the modern game!"

☆ German minister reignites coalition row with call to review nuclear exit
▼ + stars: | 2023-01-02 | by ( ) www.reuters.com time to read: +2 min

BERLIN, Jan 2 (Reuters) - Germany's transport minister called for an expert committee to examine whether the lifespan of the country's nuclear plants should be extended, reopening a row within Chancellor Olaf Scholz's coalition. But Free Democrat Transport Minister Volker Wissing reignited the argument, telling the Frankfurter Allgemeine that the environmental benefits of electric cars would be reduced unless they were charged using nuclear energy, which is emissions-free. Critics of the nuclear exit say it could force Germany to rely more than planned on coal, which is more polluting than gas, during the transition to renewable energy. The Greens strongly oppose revisiting Germany's nuclear exit, which was introduced in response to the 2011 disaster at Japan's Fukushima nuclear plant. Advocates of the policy say an extension would be costly and that more can be achieved by building out renewables.

WASHINGTON, Dec 9 (Reuters) - Thursday's release of U.S. basketball star Brittney Griner in exchange for a convicted Russian arms dealer has resurfaced an old question: Do prisoner swaps do more harm than good? The details of Griner's release highlight the painful trade-offs confronting the Biden administration. In one such case in 2016, North Korea detained American college student Otto Warmbier during a dispute with the international community over that country's missile launches. Many of the families argue that the U.S. should be willing negotiate and discount the argument that prisoner swaps lead more countries to grab Americans. Those hard choices meant Washington could either leave Whelan in Russian custody or else return empty-handed after months of negotiations.

WASHINGTON, Oct 6 (Reuters) - A production cut by the OPEC+ oil cartel is reigniting U.S. voters' No. The move late in the campaign season unsettled a growing consensus that Biden's Democrats could stem their losses in the U.S. House of Representatives -- though they are still expected to lose their narrow majority. Republicans have hammered Democrats all year over inflation, which has reached four-decade highs as gasoline prices surged with Russia's March invasion of Ukraine. Moscow is also a member of OPEC+ and played a role in the cartel's decision this week to cut output. Forecasters do not expect gasoline prices to surge back to summertime highs.

Hurricane Ian in the Gulf of Mexico on Sept. 27, 2022. Share this -Link copiedHurricane Ian over Cuba on Tuesday morning Hurricane Ian over Cuba, on Tuesday. Share this -Link copiedIan expected to strengthen later Tuesday morning Hurricane Ian is expected to strengthen later Tuesday morning, officials said. Share this -Link copiedStorm clouds over St. Petersburg, Florida Storm clouds are seen as Hurricane Ian approaches in St. Petersburg, Florida on Monday. Ricardo Arduengo / AFP - Getty Images Share this -Link copiedHurricane Ian as it barrelled towards Cuba Hurricane Ian growing stronger as it barrelled toward Cuba on Monday.

Hurricane Ian is speeding toward the Gulf Coast of Florida at a perilous time for property owners in the state, who have been weathering an insurance crisis that the Category 3 storm could now exacerbate. “Florida’s property insurance market was the most volatile in the U.S. before Hurricane Ian formed and will most likely become even more unstable in the wake of the storm,” said Mark Friedlander, a director at Insurance Information Institute in Florida. These issues have created problems in the market that have shepherded many insurers toward closure or left them on precarious financial footing. A dozen insurance companies operating in Florida have gone out of business since January 2020. The insurance crisis is largely the result of countless roofing scams in which contractors and attorneys file numerous fraudulent damage claims on behalf of homeowners and force insurance companies to settle, NBC News previously reported.

Search resuls for: "reignites"

20 mentions found