DIRS.INFO The most relevant business & tech news

☆ Black hole is observed snacking on sun-like star, bite by bite
▼ + stars: | 2023-09-08 | by ( Will Dunham | ) www.reuters.com time to read: +3 min

It was observed being plundered by a supermassive black hole at the heart of a spiral-shaped galaxy. The supermassive black hole at the center of our galaxy, called Sagittarius A*, possesses about 4 million times the mass of our sun. Most galaxies have such black holes at their center, and the environment around them can be among the most violent places in the universe. The star was observed orbiting the black hole every 20 to 30 days. This marked the first time that scientists had observed a sun-like star being repeatedly snacked upon by a supermassive black hole.

Persons: Neils Bohr, Daniele Malesani, Neil Gehrels, Rob Eyles, Ferris, Will Dunham, Rosalba O'Brien Organizations: NASA, Neils, REUTERS Acquire, Rights, NASA's, University of Leicester, Thomson Locations: Hawaii, U.S, Handout, England

☆ New boss will be EIB’s chance to stay relevant
▼ + stars: | 2023-09-07 | by ( Rebecca Christie | ) www.reuters.com time to read: +5 min

Flags are seen behind the logo of the European Investment Bank in the city of Luxembourg, Luxembourg, March 25, 2017. Reuters/Eric Vidal Acquire Licensing RightsBRUSSELS, Sept 7 (Reuters Breakingviews) - The European Investment Bank has a chance to remake itself when it gains a new leader next year. The EIB has been making infrastructure loans since 1958, and now channels some 65 billion euros in annual financing to the economy. To do that, the next EIB chief will need to let the bank shoulder more risk, as suggested by Vestager on Thursday. By comparison, the World Bank has $240 billion loans outstanding.

Persons: Eric Vidal, Werner Hoyer, Nadia Calviño, Denmark’s Margrethe Vestager, Daniele Franco, Teresa Czerwińska, Thomas Östros, Vestager, Margrethe Vestager, Spain’s Nadia Calviño, Poland’s Teresa Czerwińska, Italy’s Daniele Franco, Sweden’s Thomas Östros, Denmark’s Vestager, Neil Unmack, Streisand Neto Organizations: European Investment Bank, Reuters, Rights, Spanish, World Bank, AAA, European Union, Financial Times, European Investment, Union, Thomson Locations: Luxembourg, Rights BRUSSELS, Italian, Europe, Ukraine, France, Spain

☆ Red carpets without actors have repercussions for ‘glam squads’
▼ + stars: | 2023-09-06 | by ( Samantha Tse | ) edition.cnn.com time to read: +7 min

CNN —Last week, the 80th edition of the Venice Film Festival opened amid the actors’ strike that has Hollywood at a standstill, rendering the usually glitzy red carpet a more muted affair. Neil Mockford/GC Images/Getty ImagesThe impact of these reduced red carpets extends far beyond the movie business. Scheduled to work at the Venice Film Festival this season, her plans changed when the strike was announced. Lady Gaga in Valentino Haute Couture for the "A Star Is Born" screening at the 2018 Venice Film Festival. With many actors in need of new outlets to fulfil any brand commitments during the strike, we can expect the upcoming fashion month (which starts tomorrow in New York) to offer actors a useful alternative to film festival red carpets.

Persons: it’s, Valentino Haute Couture, Writers Guild of America —, —, ”, Issa Rae, Neil Mockford, Rachel Goodwin, Emma Stone, haven’t, “, hairstylist Nai’vasha, Tracee Ellis Ross, Lupita Nyong’o, Nicole Ari Parker —, Lady Gaga, Valentino, Daniele Venturelli, Kerrie Urban, can’t, Urban, “ Barbie ”, “ Oppenheimer, Ro Morgan, hairstylist, Naomi Campbell, Venus Williams, Ayo Edebiri, he’s, “ I’m, ” Morgan, Morgan, Brad Pitt, Guy Ritchie, Shi Tang, Nai’vasha, It’s, ” Goodwin, Barbie Organizations: CNN, Venice Film, Hollywood, “, Balmain, WGA, Writers Guild of America, Screen Actors Guild, American Federation of Television, Radio Artists, Wimbledon Tennis, Urban, Warner Bros ., Warner Bros, Wimbledon, Toronto Locations: Venice, London, Valentino Haute, Milan, Paris, New York, America

CNN —French authorities will be “uncompromising” in their enforcement of a new ban on abayas in schools, French President Emmanuel Macron said Friday, following the decision to ban the robe-like garment in the upcoming academic year. He reiterated that “religious symbols of any kind have no place” in French schools under the country’s principle of “laïcité,” which translates roughly to “secularism” in English. Because this is the very condition that makes citizenship possible and therefore religious symbols of any kind have no place in them. And we will vigorously defend this secularism,” Macron remarked. Last year lawmakers backed a ban on wearing the hijab and other “conspicuous religious symbols” in sports competitions.

Persons: Emmanuel Macron, Danièle Obono, Macron, ” Macron, “, ”, – Organizations: CNN, “, United Nations Human Rights Locations: Vaucluse, France

CNN —France will ban schoolchildren from wearing abayas ahead of the upcoming academic year, the government has said, the latest in a series of contentious restrictions in the country on clothing associated with Muslims. French Education Minister Gabriel Attal said the long, robe-like garments often worn by Muslim women wouldn’t be permitted in the nation’s schools from the new term, which starts in September. Last year lawmakers backed a ban on wearing the hijab and other “conspicuous religious symbols” in sports competitions. France’s earlier ban on the niqab – full-face veils worn by some Muslim women – violated the human rights of those who wore it, the United Nations Human Rights Committee said in 2018. Muslim women are pictured in a shopping mall in Nanterre, France, in July.

Persons: Gabriel Attal, wouldn’t, ”, ” Attal, Danièle, Jean, Luc Mélenchon, ” Mélenchon, –, Romuald Meigneux, Sarah Alouane, Attal Organizations: CNN, French, “, TF1, United Nations Human Rights, & State Locations: France, Republic, Nanterre

☆ Italy to propose ex-minister Franco for ECB board, source says
▼ + stars: | 2023-08-20 | by ( ) www.reuters.com time to read: +2 min

Italy's Economy Minister Daniele Franco addresses a news conference after the G7 Summit in Koenigswinter, near Bonn, Germany May 20, 2022. REUTERS/Benjamin Westhoff/File photo Acquire Licensing RightsROME, Aug 20 (Reuters) - Italy will put forward former economy minister Daniele Franco as its candidate for the executive board of the European Central Bank (ECB), a source close to the matter said on Sunday. He was appointed economy minister in 2021 in Mario Draghi's unity government, helping Italy navigate the COVID-19 crisis and the turbulence caused by Russia's invasion of Ukraine. However, in a surprise move, Economy Minister Giancarlo Giorgetti decided instead to propose his predecessor, a source close to the matter told Reuters, confirming a report in Il Sole 24 Ore newspaper. The government had initially put Franco forward as the Italian candidate to lead the European Union's lending arm, the European Investment Bank (EIB).

Persons: Daniele Franco, Benjamin Westhoff, Fabio Panetta, Franco, Mario Draghi's, Piero Cipollone, Giancarlo Giorgetti, Giorgia Meloni, Crispian Balmer, Giuseppe Fonte, Christina Fincher, David Holmes Organizations: REUTERS, Rights, European Central Bank, ECB, Bank of Italy, European Investment Bank, Reuters, Thomson Locations: Koenigswinter, Bonn, Germany, Italy, Ukraine, France, Rome, Italian, Franco

☆ DeSantis is trashing Disney all over America, accusing the company of trying to 'sexualize' children. Don't expect Disney to hit back in court, defamation experts say
▼ + stars: | 2023-07-03 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +11 min

Ron DeSantis is campaigning for president, touting his record in Florida and dragging Walt Disney World through the mud everywhere he goes. Then, DeSantis lobs an incendiary accusation: Disney, by opposing the schools bill, was promoting the "sexualization of children." Part of Disney's hurdle in the courts would be that DeSantis' statements are his own opinion. Similarly, even though DeSantis appears ready keep raising Disney at every campaign stop, a defamation lawsuit would take on another dimension that gets loads of news coverage. Even though Disney would be the plaintiff in a defamation lawsuit, materials uncovered during discovery could put Disney in the position of defending its internal communications or business practices.

Persons: DeSantis, —, Ron DeSantis, Walt, David Logan, Roy Gutterman, Newhouse, Bob Iger, Daniele Venturelli, Eugene Hoshiko, Lidsky, Barbra Streisand, Logan, Charles Glasser, Glasser, Charles Sykes, Paul Hennessy, Gutterman, John Bazemore DeSantis, that's, it's, Disney Organizations: Disney, Service, Gov, Walt Disney, Walt Disney Company, Roger Williams University School of Law, Liberty, Center, Free Speech, Syracuse University, —, University of Florida, Florida Gov, Getty, New York University, Walt Disney World, AP Locations: Florida, North Carolina, Orlando, Philadelphia, Hill, California, Smyrna, Ga

☆ Violent protests challenge French view on race
▼ + stars: | 2023-07-01 | by ( Joshua Berlinger | ) edition.cnn.com time to read: +6 min

Nanterre, France CNN —What does it mean to be French? That vigorous adherence to equality often prevents the government from doing anything that would appear to categorize French citizens based on race, including collecting statistics. “We’re talking people who have been in France for 100 years or half a century, but are still considered foreigners, strangers foreign to France, even though they are French citizens,” she said. French people often use anglicisms to address issues of race rather than the French equivalent – for example, Black people are referred to as “Black” rather than “noire,” the French word for black – despite the aversion of the francophone world to the rising usage of English in French culture. Workers clear a street filled with charred cars in Nanterre, France, on Friday.

Persons: It’s, Nahel, Adama Traore, rebuts, Rokhaya Diallo, –, ”, Daniele Obono, Mame, Fatou Niang, “ We’re, Niang, Joshua Berlinger Organizations: France CNN, Fifth, CNN, “, France Unbowed, Center for Black European Studies, Atlantic, Carnegie Mellon University, Elysee, French Foreign Ministry, Workers Locations: Nanterre, France, French, Fifth Republic, Paris, Africa, Caribbean, Asia, Republic, France’s, United States, ” Suburbs

☆ Jose Mourinho: Miked-up Roma coach handed 10-day suspension for ref criticism
▼ + stars: | 2023-06-29 | by ( Story Reuters | ) edition.cnn.com time to read: +1 min

CNN —Jose Mourinho wore a microphone to “protect himself” when his AS Roma side faced Monza in May, but he could not resist a dig at the referee after the game and was handed a 10-day touchline ban on Wednesday. Mourinho will miss his team’s Serie A season opener due to the suspension and was also given a 50,000 euros ($54,610) fine for comments made towards referee Daniele Chiffi, the Italian FA said. “I stopped working (talking) 20-30 minutes from the end because I knew he would give me a red card for anything. I didn’t give him the opportunity, I decided no, that’s enough,” said Mourinho. Roma have also been fined 50,000 euros, on top of the 55,000 euro fine that UEFA also imposed on the club.

Persons: CNN — Jose Mourinho, ”, Mourinho, Daniele Chiffi, Chiffi, “, ” Mourinho, Anthony Taylor Organizations: CNN, AS Roma, Monza, Serie, FA, “, Chelsea, Real Madrid, UEFA, Europa League, Sevilla, Roma Locations: Portuguese

☆ Miked-up Mourinho handed 10-day suspension for ref criticism
▼ + stars: | 2023-06-28 | by ( ) www.reuters.com time to read: +2 min

Mourinho will miss his team's Serie A season opener due to the suspension and was also given a 50,000 euros ($54,610) fine for comments made towards referee Daniele Chiffi, the Italian FA said. Mourinho strongly criticised Chiffi after Roma's 1-1 league draw against Monza, labelling him "the worst referee I have encountered in my entire career." The 60-year-old Portuguese had gone into the game looking to do everything he could to avoid being sanctioned by the officials. Roma have also been fined 50,000 euros, on top of the 55,000 euro fine that UEFA also imposed on the club. ($1 = 0.9156 euros)Reporting by Janina Nuno Rios in Mexico City Editing by Toby DavisOur Standards: The Thomson Reuters Trust Principles.

Persons: Jose Mourinho, Mourinho, Daniele Chiffi, Chiffi, Anthony Taylor, Janina Nuno Rios, Toby Davis Organizations: AS Roma, Monza, Serie, FA, Chelsea, Real Madrid, UEFA, Europa League, Sevilla, Roma, Thomson Locations: Portuguese, Mexico

☆ Toolbelts, cardboard bags and ‘crogs:’ Fendi makes a case for carpenter-core
▼ + stars: | 2023-06-16 | by ( Scarlett Conlon | ) edition.cnn.com time to read: +4 min

Step forward the “corporate artisan”, star of the Italian fashion house’s SS24 show on Thursday night and proposed pin-up for next season. Part technical-whizz, part traditional tool-master, the handle speaks to the modern-day creative, said Artistic Director Silvia Venturini Fendi in a pre-show preview with CNN. FendiFor the accessories, Venturini Fendi collaborated with the Japanese architect Kengo Kuma - who she regards to be “the best to combine nature and technology” - to reinvent signature Fendi bags including the Peekaboo in traditional Japanese washi paper. The clog silhouette is going nowhere, as Fendi becomes the latest high fashion brand to reimagine the comfy slip-on shoe. Pietro D'Aprano/Getty ImagesThe set, said Venturini Fendi, was masterminded so to be transparent about the teamwork involved in creating a fashion collection.

Persons: Silvia Venturini Fendi, Fendi, ”, Kengo Kuma, JW Anderson, Pietro D'Aprano, Venturini Fendi, “ It’s, ” Alexander Skarsgard, Daniele Venturelli, Adele, Karl Lagerfeld, “ Organizations: CNN, JW Locations: Capannuccia, Florence, Italy, Rome

☆ Fan Bingbing spotlights Asian designers at Cannes
▼ + stars: | 2023-05-25 | by ( Oscar Holland | ) edition.cnn.com time to read: +5 min

Making her first appearance at Cannes since 2018, Fan arrived at last Tuesday’s opening event (the premiere of Johnny Depp’s new film “Jeanne du Barry”) wearing a creation by Christopher Bu. Fan Bingbing attends the Red Sea International Film Festival's "Women's Stories Gala" wearing an outfit by South Korean label Miss Sohee. Fan Bingbing in a golden gown by Vietnamese fashion designer Chung Thanh Phong. Her looks at Cannes have not been exclusively by Asian designers. Fan attending the Oscars in March 2023, one of her first public appearances outside China since a tax controversy threatened to derail her career.

Persons: Fan Bingbing, Louis Vuitton, Fan, Johnny Depp’s, Jeanne du Barry ”, Christopher Bu, Sohee, Daniele Venturelli, Miss Sohee, Chung Thanh, Jimmy Choo, Harvey Cenit, Chung Thanh Phong, Arnold Jerocki, FanBingbingCannes, Mikael D, Mikael Derderian, Wes Anderson’s, Tamara Ralph, Ralph, Russo, ”, Emma McIntyre, Jessica Chastain, Penélope Cruz, Tony Ward Couture Organizations: CNN, Cannes, South, Palais des, Red Sea, Miss, Sohee, Canadian, Forbes, Global Times, The Berlin, Fashion Locations: China, South Korean, Korean, Weibo, Lebanese, Charleston

☆ Fed may be forced to defy market expectations and hike more aggressively, economist says
▼ + stars: | 2023-05-19 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

The U.S. Federal Reserve may be forced to defy market expectations by raising interest rates aggressively again later this year if sticky inflation and tight labor markets persist, according to Daniele Antonucci, chief economist and macro strategist at Quintet Private Bank. Annual headline inflation fell to 4.9% in April, its lowest for two years, but remains well above the Fed's 2% target. Meanwhile the labor market remains tight, with jobless claims rising but still at historically low levels. Job growth also hit 253,000 in April despite a slowing economy, while unemployment sat at 3.4%, its joint-lowest level since 1969. Antonucci told CNBC's "Squawk Box Europe" on Friday that Quintet disagrees with the market's pricing of rate cuts later in the year.

☆ Fed may have to tighten more aggressively if inflation stays elevated, economist says
▼ + stars: | 2023-05-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed may have to tighten more aggressively if inflation stays elevated, economist saysDaniele Antonucci, chief economist and macro strategist at Quintet Private Bank, says the U.S. Federal Reserve may have to tighten monetary policy further unless inflation and economic activity cool significantly.

☆ Napoli’s Serie A title win: From Maradona and financial bankruptcy to Scudetto
▼ + stars: | 2023-05-05 | by ( Ben Morse | ) edition.cnn.com time to read: +14 min

Diego Maradona battles dribbles against Ruud Gullit of AC Milan in the Serie A in 1988. With Maradona’s arrival came a level of success Napoli had previously never seen, culminating in a 1987 title victory; the club’s first ever Scudetto. When Napoli won its first Serie A title in 1987, the Gentleman Ultra website notes: “In the city, mock funerals were held for Juventus. The dark yearsA year after the 1990 title success, the Napoli team began to unwind with players departing, leading to a drop in performances. Napoli fans celebrate the team's Serie A title victory on the streets of Naples.

☆ Mourinho wears wire on touchline in Roma draw
▼ + stars: | 2023-05-04 | by ( ) www.reuters.com time to read: +1 min

Mourinho, who is no stranger to clashes with referees, tore into Daniele Chiffi after the game, describing the 38-year-old official as "the worst I've ever encountered." From the moment I left the locker room, to the moment I returned. Their latest draw left Roma seventh, just outside the European places with five games left to play, and Mourinho was especially incensed that Chiffi sent off Mehmet Celik after showing him a second yellow card in added time. "He is the worst referee I have met in my life," Mourinho said. "A second yellow to a guy who slips in the 96th minute...

☆ Jose Mourinho says he wore a microphone during match to ‘protect’ himself against the referee
▼ + stars: | 2023-05-04 | by ( Matt Foster | ) edition.cnn.com time to read: +1 min

CNN —AS Roma manager Jose Mourinho said he wore a microphone during his team’s Italian Serie A game against Monza on Wednesday in order to “protect” himself. Speaking to reporters after the match, Mourinho said: “I am not stupid, you know. I recorded the match – from the moment I left the locker room to the moment I returned. Roma’s draw with Monza leaves the team in seventh place in the league table, outside the qualification places for next season’s European competitions. Roma’s next fixture is on Saturday against Inter Milan, which currently sit fourth in the Serie A table.

☆ The credit crunch is here and it could cripple the economy. Here's what Larry Summers, Nouriel Roubini and 7 other experts have said on the emerging threat.
▼ + stars: | 2023-04-20 | by ( Zinya Salfiti | ) www.businessinsider.com time to read: +6 min

Latest bank lending data suggests the credit crunch "has already started," according to Morgan Stanley strategists. Here's a selection of recent warnings on the emerging threat from experts including Larry Summers, David Solomon, Mike Wilson, Nouriel Roubini and Bill Gross. Apollo Asset Management's Jim Zelter told Bloomberg "it's not a credit crunch" but rather a "transition period" as markets face higher debt costs. "That credit crunch is going to make the likelihood of a recession — a hard landing — much greater than before. "Whether this qualifies as a full-blown 'credit crunch' remains to be seen.

☆ In Photos: Families of Guatemalans Killed in Migrant Center Fire Bury Their Dead
▼ + stars: | 2023-04-17 | by ( Daniele Volpe | Elda Cantú | ) www.nytimes.com time to read: +1 min

Last week, the remains of 17 Guatemalan men killed in a fire at a migration center near the U.S. border were flown back home, where three days of national mourning have declared. They were among 40 people who died in March at the migration center in Ciudad Juárez, Mexico, near the border with Texas. It is not the first time the Guatemalan president has had occasion to declare such a period of mourning. So far this year, the Guatemalan authorities have helped repatriate 58 dead nationals. The prosecutor’s office is also expected to press criminal charges against the leader of the National Institute of Migration.

☆ Milan lead Napoli after Bennacer goal
▼ + stars: | 2023-04-12 | by ( ) www.reuters.com time to read: +1 min

[1/5] Soccer Football - Champions League - Quarter Finals - First Leg - AC Milan v Napoli - San Siro, Milan, Italy - April 12, 2023 AC Milan's Ismael Bennacer celebrates scoring their first goal with Davide Calabria REUTERS/Daniele MascoloMILAN, April 12 (Reuters) - AC Milan took a step towards their first Champions League semi-final appearance for 16 years as Ismael Bennacer's goal earned them a 1-0 win over Napoli in the quarter-final first leg at the San Siro on Wednesday. On a rainy night, Serie A leaders Napoli's first European clash with seven-times European champions Milan was also their first appearance in the quarter-finals of Europe's most prestigious club competition. Attempting to avenge their 4-0 home defeat by Milan in Serie A this month, Napoli began pressing immediately, but the hosts took the lead five minutes before the interval when Brahim Diaz teed up Bennacer who struck a low shot inside the far post. Napoli's situation worsened 16 minutes from time when midfielder Andre-Frank Zambo Anguissa received a second yellow card for pushing Theo Hernandez. The second leg of the quarter-final is in Napoli on April 18.

☆ UBS got a great deal for Credit Suisse in the medium-term but uncertainties lie ahead, asset manager says
▼ + stars: | 2023-04-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUBS got a great deal for Credit Suisse in the medium-term but uncertainties lie ahead, asset manager saysThe numbers show UBS has a huge "margin of safety" in its Credit Suisse acquisition, but its investment case in the future will rely on several unknowns, says Daniele Scilingo, head of Swiss equities at Mirabaud Asset Management.

☆ Fly less, sit in coach, and avoid gimmicky offsets. Here's how to make your next trip more sustainable, according to experts.
▼ + stars: | 2023-03-16 | by ( Bianca Giacobone | ) www.businessinsider.com time to read: +5 min

Airlines offer options to buy offsets and fuel surcharges to ease one's travel carbon impact. Experts say carbon offsets are good, but they need to be chosen carefully. Last year, Carbon Market Watch commissioned a study that looked at the effectiveness of carbon offsets bought by major European airlines. AirFrance, for example, has increased all its ticket prices by an amount varying from 1 Euro to 24 Euro to cover for the company's increased use of sustainable aviation fuel. Other airlines, like Brussels Airlines, are asking passengers whether they want to pay more for sustainable aviation fuel.

☆ What analysts are saying about Credit Suisse after 'central bank bazooka' is unleashed
▼ + stars: | 2023-03-16 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

Wall Street analysts were split on whether they should buy into Credit Suisse — though they found central bank support of the troubled Swiss firm reassuring. Earlier, the central bank said it would give Credit Suisse liquidity if necessary, saying the firm is well capitalized. On Wednesday, Credit Suisse shares tumbled 13.9% after the firm's largest investor, the Saudi National Bank, said it could not give more funding, driving fears of a banking crisis in Europe. However, following the decision to borrow from the central bank, JPMorgan's Roberto Henriques reiterated an overweight rating on the firm. The analyst expects that the "central bank bazooka" will assuage investors concerned over liquidity issues and give Credit Suisse enough time to roll out a restructuring plan.

[1/2] European Central Bank (ECB) President Christine Lagarde speaks during a news conference following the ECB's monetary policy meeting in Frankfurt, Germany March 16, 2023. Reuters Graphics Reuters GraphicsPresident Christine Lagarde noted it was impossible to determine the future rate path amid "completely elevated" uncertainty stemming from market ructions. "Given financial instability risks, there's growing uncertainty on future ECB actions beyond this pre-signalled rate hike," said Daniele Antonucci, chief economist and macro strategist at Quintet Private Bank. Piet Christiansen, chief analyst at Danske Bank, said he was sticking to a call for a 4% peak ECB rate. "Unless this turns into a macroeconomic crisis then we are ripe for a sell-off and a repricing of rate hike expectations," he said.

☆ Fed should be cautious for now but then resume hiking cycle, strategist says
▼ + stars: | 2023-03-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed should be cautious for now but then resume hiking cycle, strategist saysDaniele Antonucci, chief economist and macro strategist at Quintet Private Bank, discusses the Federal Reserve's next moves amid sticky inflation and the SVB collapse.

Search resuls for: "Danièle"

25 mentions found