DIRS.INFO The most relevant business & tech news

☆ The US is close to approving the supply of ATACMS to Ukraine, a report said. Here's why Kyiv need them to win the 'deep battle.'
▼ + stars: | 2023-07-02 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +5 min

The US is considering providing ATACMS to Ukraine, according to a WSJ report. Kyiv has long sought its ballistic missiles, which could strike targets far beyond the front lines. "ATACMS is a long-range guided missile that gives operational commanders the immediate firepower to win the deep battle," says its manufacturer, Lockheed Martin. The Pentagon said on Thursday that it was not aware of any imminent decision to send ATACMS to Ukraine following the Wall Street Journal report, per Reuters. However, US and European officials say that behind the scenes, the tone in Washington has recently shifted, and there appears to be a greater appetite to send Ukraine more advanced weapons, per the Journal report.

Persons: Biden, —, Sergei Shoigu, HIMARS, Ben Wallace, Lockheed Martin, Putin, Volodymyr Zelensky, Joe Biden, Brendan Smialowski, ATACMS, Abrams, James Risch, General Kyrylo Budanov Organizations: Kyiv, Washington DC, Service, Wall Street Journal, Army Tactical Missile, Russian, The Telegraph, British Storm Shadow, US High Mobility Artillery, Lockheed, White, Getty, Politico, US, Pentagon, Foreign Affairs, Reuters, Military Intelligence Locations: Ukraine, Crimea, Kherson, Kerch, Russia, Washington , DC, Washington

☆ I watched a dead composer perform at an augmented-reality concert. It shows how Apple could transform the entertainment business if it can take AR mainstream.
▼ + stars: | 2023-06-30 | by ( Ryan Joe | ) www.businessinsider.com time to read: +5 min

Or at least, I saw Sakamoto's digital avatar perform in a darkened room with a Magic Leap 2 headset clamped to my face. Some technical issues aside, the experience showed me the potential that AR has to transform the entertainment industry. As the lights dimmed, the audience became ghostly silhouettes, and Sakamoto's avatar appeared center stage. KAGAMI still showed a lot of promise for the future of AR entertainment. The tech company that builds the best AR hardware and software has a shot at controlling the next generation of entertainment.

Persons: Ryuichi Sakamoto, KAGAMI, it's, Sakamoto, they're, Elton John, Bob Iger, Apple Organizations: Apple, Meta, Microsoft, Google, Disney, Artists Locations: Japanese, New York City

MOSCOW, June 8 (Reuters) - For more than 15 months Russia has been fighting a war in Ukraine that the Kremlin refused to call a war - but that is changing: President Vladimir Putin is using the word "war" more often. The Russian media was ordered not to use the word war - and has either complied or shut down. But in response to what Russia said was a major Ukrainian drone attack on Moscow, Putin last week used the word "war" four times in relation to Ukraine, according to a Kremlin transcript of his remarks. "What is more important is what is says about the future: does war mean a more serious approach and what will Russia at war look like?" Attacks far inside Russia that Moscow blamed on Ukraine have stiffened opinion within the Kremlin, emboldening hawks who propose a much tougher approach to a war in which Putin has said Russia has not got even got serious yet.

Persons: Vladimir Putin, Putin, Pavel Zarubin, Sergei Shoigu, Dmitry Peskov, Sergei Lavrov, Wagner, Yevgeny Prigozhin, Vyacheslav Gladkov, Lyndon B, Johnson, George W, Bush, Leonid Brezhnev, Abbas Gallyamov, Nikita Yuferev, Yuferev, Prigozhin, Putin's, General Augusto Pinochet, Guy Faulconbridge, Philippa Fletcher Organizations: Kremlin, Nazi, Red, Motherland, U.S, Soviet, West, Russia, Reuters, Thomson Locations: MOSCOW, Russia, Ukraine, Russian, Ukrainian, Moscow, Ukraine's, Crimea, Soviet, Nazi Germany, Russia's Belgorod, Europe, U.S, Vietnam, Afghanistan, St Petersburg, RUSSIA, Chile, Pinochet

☆ NATO Turkey: Alliance is in a race against time to save itself from a major embarrassment
▼ + stars: | 2023-06-01 | by ( Luke Mcgee | ) edition.cnn.com time to read: +8 min

CNN —NATO officials are in a race against time to avoid the embarrassment of seeing the alliance miss its own stated aim of admitting Sweden to the alliance by July 11. Sweden has a permanent delegation at NATO and is considered a close partner to the alliance, meaning joining should be relatively straightforward. The second is that Turkey isn’t the only fly in the ointment: Hungary also objects to Sweden joining NATO. Sweden joining NATO would be the latest in a long list of good news stories for the alliance since Russia invaded Ukraine. That’s precisely why officials are so concerned about Turkey vetoing Sweden’s accession on NATO’s own timetable.

Persons: it’s, Recep Tayyip Erdogan’s, Christine Olsson, Erdogan, Putin’s, Putin, ”, “ Erdogan, Yves Herman, –, Emmanuel Macron, Turkey vetoing Organizations: CNN, NATO, Russia, Kurdistan Workers ’ Party, Turkish, Reuters, TT, Agency, AFP, Sweden –, European Union, Diplomats, US, EU Locations: Sweden, Finland, Ukraine, Russia, Turkey, East, Europe, Ankara, Turkish, Stockholm, Lithuanian, Vilnius –, Atlantic, North Korea, China, ”, Eastern European, Brussels, Hungary, United States, United Kingdom, Asia

☆ Morning Bid: China factory fright, dollar surges
▼ + stars: | 2023-05-31 | by ( ) www.reuters.com time to read: +4 min

The yuan , now down more than 3% from its early May peaks, skidded to its lowest level of the year against the dollar as investors considered the possibility of further credit easing by the Chinese central bank. The dollar index hit its highest level since mid-March, with the European inflation news and China demand picture knocking the euro to its lowest in two months too. German import prices fell at an annual rate of 7% in April and the ECB's financial stability report warned about a "disorderly" hit to house prices from higher mortgage rates. The House Rules Committee voted 7-6 on Tuesday to approve the rules allowing a debate and vote by the full chamber. Overall, stock markets slipped back slightly - with Hong Kong's Hang Seng index the big underperformer after the Chinese factory release.

Persons: Mike Dolan, Loretta Mester, Philip Jefferson, Susan Collins, Patrick Harker, Christine Lagarde, Jane Merriman Organizations: Federal Reserve, Cleveland Fed, Wednesday's Financial, European Central Bank, Dallas Fed, Boston, Philadelphia Fed, Consumer, Thomson, Reuters Locations: U.S, Europe, China, Italy, Chicago

☆ Ron DeSantis just made it clear he's going to fight Trump on abortion
▼ + stars: | 2023-05-16 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +5 min

As former President Donald Trump blinks on the abortion debate, his likely top rival, Florida Gov. Asked about that remark, DeSantis said the legislation he signed is something that "probably 99% of pro-lifers support." Trump himself underlined that contrast when asked in a recent interview about the six-week abortion ban that DeSantis had just signed in Florida. But DeSantis' willingness to hit Trump from the right on abortion could also be a strategic one. South Carolina Sen. Tim Scott, who launched a Republican presidential exploratory committee last month, has said he backs a federal abortion ban after 20 weeks of pregnancy.

☆ US push for UN censure of North Korea appears to stall -diplomats
▼ + stars: | 2023-05-08 | by ( Michelle Nichols | ) www.reuters.com time to read: +2 min

UNITED NATIONS, May 8 (Reuters) - U.N. Security Council negotiations on a U.S. push for the 15-member body to condemn North Korea's intercontinental ballistic missile (ICBM) launches appear to have stalled after diplomats said China and Russia had stopped engaging. Ambassador Linda Thomas-Greenfield said in February she would pursue a formal presidential statement - one step below a resolution - to condemn North Korea's actions and urge diplomacy. North Korea's formal name is the Democratic People's Republic of Korea (DPRK). Russia and China, veto powers along with the United States, Britain and France, have said more sanctions will not help and want such measures to be eased. China and Russia blame joint military drills by the United States and South Korea for provoking Pyongyang, while Washington accuses Beijing and Moscow of emboldening North Korea by shielding it from more sanctions.

The risks of doing dealsA British regulator’s decision to reject Microsoft’s $69 billion takeover bid for Activision Blizzard stunned many who had expected the deal to go through. That’s especially because moves this month by the agency, the Competition and Markets Authority, suggested that the transaction might pass muster. Though it narrowed the scope of its Activision deal inquiry to just one issue, cloud gaming, the C.M.A. The tribunal that will weigh Microsoft’s appeal will examine mainly whether the regulator followed proper procedure. That institutional advantage positions the agency as one of the world’s most influential antitrust enforcers, alongside those in the United States and the European Union.

☆ WhatsApp and other messaging apps oppose UK's move on encryption
▼ + stars: | 2023-04-18 | by ( ) www.reuters.com time to read: +2 min

LONDON, April 18 (Reuters) - WhatsApp and other messaging services have united to oppose Britain's plan to force tech companies to break end-to-end encryption in private messages in its proposed internet safety legislation. Britain's Online Safety Bill was originally designed to create one of the toughest regimes for regulating platforms such as Facebook, Instagram, TikTok and YouTube. The British government said the bill in "no way represented a ban on end-to-end encryption, nor would it require services to weaken encryption". The letter signatories said this was incompatible with end-to-end encryption, which enables a message to be read only by the sender and recipient. A British government spokesperson said: "We support strong encryption, but this cannot come at the cost of public safety.

REUTERS/StaffApril 12 (Reuters) - World stocks and bond yields stalled on Wednesday as markets anticipated crucial U.S. inflation data which could give signals on how soon the Federal Reserve will end its aggressive rate hikes. Markets were in wait-and-see mode ahead of the data, with the pan-European STOXX 600 index inching up 0.3% by 0820 GMT, while Britain's FTSE (.FTSE) was up 0.6%. Government bond yields were also little moved with benchmark U.S. 10-year Treasury yields unchanged on the day at 3.43%. "We do not assume that the discrepancy between Fed and market expectations will end today or in the near future," Reichelt said. With oil prices rising again and labour market cooling only gradually, risk remains tilted for core inflation to remain elevated for longer," they said.

☆ Asian stocks ease ahead of US inflation data, Fed minutes
▼ + stars: | 2023-04-12 | by ( Ankur Banerjee | ) www.reuters.com time to read: +5 min

The Eurostoxx 50 futures was down 0.16%, German DAX futures up 0.01% and FTSE futures down 0.07%. The consumer price index is expected to show core inflation rose 0.4% on a monthly basis and 5.6% year-over-year in March, according to a Reuters poll of economists. Markets are now pricing in a 66% chance of the Fed raising interest rates by 25 basis points in May and then pausing for the subsequent meetings, according to the CME FedWatch tool. The Fed last month raised interest rates by a quarter of a percentage point, taking it to a range of 4.75% to 5.00%. With oil prices rising again and labour market cooling only gradually, risk remains tilted for core inflation to remain elevated for longer," they said.

☆ Asian stocks subdued ahead of US inflation data, Fed minutes
▼ + stars: | 2023-04-12 | by ( Ankur Banerjee | ) www.reuters.com time to read: +4 min

Data on Tuesday showed China's consumer inflation in March was at its slowest since September 2021. The consumer price index is expected to show core inflation rose 0.4% on a monthly basis and 5.6% year-over-year in March, according to a Reuters poll of economists. Markets are now pricing in a 66% chance of the Fed raising interest rates by 25 basis points in May and then pausing for the subsequent meetings, according to the CME FedWatch tool. The Fed last month raised interest rates by a quarter of a percentage point, taking it to a range of 4.75% to 5.00%. "Investors seem to be getting ahead of themselves in expecting the Fed to begin cutting interest rates", said Luca Paolini, chief strategist at Pictet Asset Management.

☆ Russia is offering bonus pay for soldiers who can destroy tanks supplied by NATO, report says
▼ + stars: | 2023-04-10 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +2 min

NATO countries such as the US, Germany, and Poland have agreed to send tanks to aid Ukraine. Leaked documents show that Russia is offering troops "financial incentives" to destroy them, per NYT. Videos of the tanks being destroyed will then be used to boost Russia's confidence, documents say. Some of the leaked documents also showed that Ukraine may deplete its air defenses by May, emboldening Russia to utilize bomber jets against Ukrainian forces. One repeated misstep by Russia was sending a fleet of unprotected tanks into an ambush in Bucha and, later, in Vuhledar.

April 6 (Reuters) - Canada on Thursday said it will deploy a military aircraft to Japan to support implementation of United Nations Security Council sanctions against North Korea. North Korea has been under U.N. sanctions since 2006 over its ballistic missile and nuclear programs. China and Russia have also blamed joint military drills by the United States and South Korea for provoking Pyongyang. Meanwhile, Washington has accused Beijing and Moscow of emboldening North Korea by shielding it from more sanctions. For the past several years, the Security Council has been divided over how to deal with Pyongyang.

☆ Why big investors like Carlyle and Ares are zeroing in on Hollywood and sports deals — and driving private credit in media to new highs
▼ + stars: | 2023-03-28 | by ( Rebecca Ungarino | Reed Alexander | ) www.businessinsider.com time to read: +7 min

And Ares raised $3.7 billion for a fund last fall geared specifically toward sports, media, and entertainment investments across private debt and private equity. Unlike private equity investing, where managers take stakes in companies or buy them, private credit investors lend to businesses and make money on interest payments. (Private investment firm KKR's media, entertainment, and sports portfolio includes Insider parent company Axel Springer.) Carlyle's $146 billion credit arm has also provided capital to Clair, a media tech company that specializes in live production services and audio products. The strategists said driving that uptick are private credit defaults that include so-called softer forms of default, like breaching a loan's terms and conditions, along with private credit portfolio companies having generally lower ratings and less diversified businesses.

☆ Netanyahu fires defense minister for urging halt to overhaul
▼ + stars: | 2023-03-26 | by ( ) www.cnbc.com time to read: +8 min

Israeli Prime Minister Benjamin Netanyahu is seen during the the 2016 Genesis Prize award-ceremony in Jerusalem, June 23, 2016. Prime Minister Benjamin Netanyahu abruptly fired his defense minister on Sunday, a day after he called on the Israeli leader to halt a planned judicial overhaul that has fiercely divided the country and prompted growing discontent within the ranks of the military. "The prime minister of Israel is a threat to the security of the state of Israel," Lapid wrote on Twitter. "The prime minister will be forced to bow his head before the law and comply with the provisions of the law." The prime minister responded saying the appeal should be dismissed and said that the Supreme Court didn't have grounds to intervene.

☆ US, China, Russia argue over North Korea at United Nations
▼ + stars: | 2023-03-20 | by ( Michelle Nichols | ) www.reuters.com time to read: +3 min

[1/2] People watch a TV broadcasting a news report on North Korea firing a ballistic missile into the sea off its east coast, at a railway station in Seoul, South Korea, March 16, 2023. REUTERS/Kim Hong-Ji/File PhotoUNITED NATIONS, March 20 (Reuters) - The United States, China and Russia argued during a United Nations Security Council meeting on Monday over who was to blame for spurring North Korea's dozens of ballistic missile launches and development of a nuclear weapons program. North Korea has been under U.N. sanctions for its missile and nuclear programs since 2006. China and Russia blamed joint military drills by the United States and South Korea for provoking Pyongyang while Washington accuses Beijing and Moscow of emboldening North Korea by shielding it from more sanctions. Russia and China, veto powers along with the United States, Britain and France, have said more sanctions will not help and want such measures to be eased.

Investors had begun to doubt the ECB's commitment to another big rate hike this week after the collapse of Silicon Valley Bank (SVB) in the U.S. sent ripples through global financial markets. The source added that formal proposals for the meeting had not yet been distributed but policymakers had seen the new quarterly projections. They were likely to push back against committing to further rate increases and say instead that any new move would depend on incoming data. The ECB can push through decisions with a simple majority though President Lagarde has been known to seek the broadest possible consensus. Investors have sharply cut their bets on further rate rises since the SVB collapse, with the deposit rate now seen peaking at 3.65% in the autumn, compared with an outlook last week of more than 4%.

☆ Chris Christie compares Ron DeSantis' stance on Ukraine to appeasing Hitler before WWII
▼ + stars: | 2023-03-15 | by ( Tom Porter | ) www.businessinsider.com time to read: +2 min

Chris Christie compared Ron DeSantis to British PM Neville Chamberlain over his Ukraine stance. Chamberlain is accused of appeasing Adolf Hitler before World War II. DeSantis, who is rumored to be preparing a 2024 bid, has questioned US support for Ukraine. Chris Christie has compared Ron DeSantis to the British Prime Minister accused of appeasing Adolf Hitler before World War II. "[DeSantis] sounds like Neville Chamberlain talking about when Germany had designs on Czechoslovakia," Christie told Axios Tuesday.

☆ Buy these 24 quality stocks to safeguard your portfolio from higher interest rates, according to BMO Capital Markets
▼ + stars: | 2023-03-11 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Here are 24 high-quality stocks to buy now to protect your portfolio from higher rates. But when the Fed's rate hikes fully go into effect, excess savings will dry up, and pent-up demand will fade. Labor market resilience and the Fed's latest messaging about the possibility of more rate hikes makes that dovish outcome "highly unlikely," Porter wrote. The Fed's interest rate decision — and potentially the economy's near-term future — hinges on how hot or cool inflation is in next Tuesday's report. BMO Capital MarketsBelow are 24 US stocks that currently have the best prospects for strong risk-adjusted returns, according to BMO.

☆ Morning Bid: Markets March on China boomlet
▼ + stars: | 2023-03-01 | by ( ) www.reuters.com time to read: +5 min

And after a bruising setback for stocks and bonds in February, investors now have to assess whether the unfolding economic rebound is sustainable given the eye-watering revision that it's forcing in inflation and interest rate expectations. This is emboldening both the hawks at the European Central Bank and markets keen to re-price the interest rate horizon. Money markets have already moved beyond that and now price peak ECB rates at year-end almost 150 bps higher at 3.90%. Even though U.S. consumer confidence and housing data on Tuesday questioned some of the reheating narrative, markets now assume peak Federal Reserve rates will be as high as 5.42% by July. And homebuilder Persimmon (PSN.L) dropped almost 10% after it warned the housing slowdown and higher mortgage rates would hit profit and home-building targets.

☆ Services and jobs are bright spots for this economy, says Hightower's Stephanie Link
▼ + stars: | 2023-02-21 | 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 EmailServices and jobs are bright spots for this economy, says Hightower's Stephanie LinkRitholtz Wealth Management's Josh Brown, Hightower Advisors' Stephanie Link, Virtus Investment Partners' Joe Terranova and SVB Private's Shannon Saccocia join the 'Halftime Report' to discuss 2023's early-year rally, fear manifesting itself in the options market and strength in the economy emboldening the Fed.

☆ Watch CNBC's mid-day market discussion with Josh Brown, Stephanie Link, Joe Terranova, and Shannon Saccocia
▼ + stars: | 2023-02-21 | 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 EmailWatch CNBC's mid-day market discussion with Josh Brown, Stephanie Link, Joe Terranova, and Shannon SaccociaJosh Brown of Ritholtz Wealth Management, Stephanie Link of Hightower Advisors, Joe Terranova of Virtus Investment Partners and Shannon Saccocia of SVB Private join the 'Halftime Report' to discuss 2023's early-year rally, fear manifesting itself in the options market and strength in the economy emboldening the Fed.

“Around the country, MAGA extremists are lining up to take on those bedrock freedoms,” Mr. Biden said, using Mr. Trump’s Make America Great Again slogan to describe the former president’s allies. While he had repeatedly and consistently said he intended to run, Mr. Biden stoked renewed speculation by delaying his kickoff for months. Mr. Biden tapped Julie Chávez Rodríguez, a senior White House adviser and granddaughter of the iconic labor leader Cesar Chávez, as his campaign manager. But the operation is expected to be overseen from the White House by top presidential aides. While polls show that most Democrats have favorable opinions about Mr. Biden, a majority of them would still rather he not run again.

☆ Asia shares slip ahead of expected weak China economic data
▼ + stars: | 2023-01-17 | by ( Kane Wu | ) www.reuters.com time to read: +4 min

HONG KONG, Jan 17 (Reuters) - Asia shares mostly slipped on Tuesday ahead of Beijing's expected release of weak fourth-quarter economic data, although investor sentiment about China's rebound remained positive even as the global economy edges closer to recession. MSCI's gauge of Asia Pacific stocks outside Japan (.MIAPJ0000PUS) was down 0.18% at 0127 GMT. "I think investors will look through the Q4 GDP prints and focus on 2023," said Redmond Wong, Greater China market strategist at Saxo Markets Hong Kong. Hong Kong's Hang Seng Index (.HSI) opened down 0.3% while China's benchmark CSI300 Index (.CSI300) remained flat. Reporting by Kane Wu in Hong Kong; Editing by Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

Search resuls for: "Emboldening"

25 mentions found