DIRS.INFO The most relevant business & tech news

☆ Siemens sees weakening demand trends as Q3 misses forecasts
▼ + stars: | 2023-08-10 | by ( John Revill | ) www.reuters.com time to read: +3 min

Sven Hoppe/Pool via REUTERS/File PhotoSummaryCompanies Company lowers guidance for digital industries businessSees weakening demand in ChinaOrders decline in all regions as customer buying normalisesZURICH, Aug 10 (Reuters) - Siemens (SIEGn.DE) missed profit forecasts in its latest quarter, the German engineering company reported on Thursday, noting weakening demand in several markets including China. Siemens said it was now seeing a "normalisation of demand" after customers pre-bought last year to avoid shortages. During its third quarter, Siemens orders rose 10% to 24.24 billion euros, beating forecasts of 22.19 billion euros. Revenue rose 6% to 18.89 billion, missing forecasts for 19.27 billion euros. Net profit of 1.44 billion euros also missed forecasts.

Persons: Roland Busch, Sven Hoppe, John Revill, Christopher Cushing, Jason Neely Organizations: Siemens, ZURICH, Thomson Locations: Munich, Germany, China, Europe

Germany's property sector is in stress, underscoring a major change of fortune for real estate in Europe's largest economy after an end to the era of cheap money. In the latest signs of stress in the sector, Germany's largest real estate group Vonovia (VNAn.DE) posted multi-billion euro losses and writedowns, and job growth for construction workers has stagnated. The property sector makes up roughly a fifth of economic output and one in ten jobs, according to the German Property Federation. The Ukraine war has also made German property seem riskier for foreign investors. The president of the German Property Federation, Andreas Mattner, is pressing the government to temporarily suspend a property sales tax and is demanding a low-interest rate credit program to support new residential building.

Persons: Kai Pfaffenbach, Sven Carstensen, Florian Schwalm, Olaf Scholz, Klara Geywitz, Andreas Mattner, Oliver Mueller, Matthias Inverardi, Holger Hansen, Friederike Heine Our Organizations: REUTERS, CARE, German Property Federation, Reuters Graphics Reuters, European Central Bank, Germany, German Construction Industry Federation, Thomson Locations: Frankfurt, Germany, Germany's, Europe's, Kai Pfaffenbach FRANKFURT, United States, Sweden, Ukraine, East, Asia

REUTERS/Kai Pfaffenbach/File PhotoFRANKFURT, July 27 (Reuters) - New construction plunged in Germany during the first half of the year, data on Thursday showed, the latest sign of stress in the property market of Europe's largest economy. The data underscore a steep rut that dominates the nation's real-estate sector in its worst crisis in decades. "There's strong caution in project development," said Sven Carstensen, chief executive of Bulwiengesa. The nation's property industry will ask the government for multi-billion euro support at a meeting with Chancellor Olaf Scholz in September, Reuters reported last week. "The situation is dramatic," said Jan-Marco Luczak, a parliamentarian who has pushed for a property tax cut demanded by industry.

Persons: Kai Pfaffenbach, Sven Carstensen, Chancellor Olaf Scholz, Marco Luczak, Marcus Gwechenberger, Bulwiengesa, Florian Schwalm, EY, Karim Rochdi, Tom Sims, Hugh Lawson Organizations: REUTERS, Bulwiengesa, Reuters, European Central Bank, Thomson Locations: Frankfurt, Germany, FRANKFURT, Frankfurt's

☆ Bayern Munich wins 27-0 in first match of preseason
▼ + stars: | 2023-07-19 | by ( Matias Grez | ) edition.cnn.com time to read: +1 min

CNN —To say Bayern Munich’s opening preseason friendly was a one-sided affair would be something of an understatement. The defending German champion beat ninth-tier Rottach-Egern 27-0 on Tuesday as Bayern showed no mercy against the amateur side – perhaps the team doesn’t need Harry Kane after all. The match took place at Bayern Munich’s training camp near the town of Tegernsee, with head coach Thomas Tuchel playing two entirely different teams to start each half. New signing Konrad Laimer got his first goal in a Bayern Munich shirt. Frank Hoermann/SVEN SIMON/dpa/APIn attendance was Bayern’s new signing Minjae Kim, who put pen to paper just hours before the preseason friendly.

Persons: Harry Kane, Egern, Jamal Musiala, Tel, Marcel Sabitzer, Serge Gnabry, Thomas Tuchel, Konrad Laimer, Frank Hoermann, SVEN SIMON, Minjae Kim, ” Kim, “, I’ll Organizations: CNN, Bayern, Tottenham Hotspur, England, Bundesliga, Rottach, South, Napoli, Serie, “ FC Bayern Locations: Tegernsee, Bayern Munich, South Korean, Munich, It’s

☆ Michelin starred hotels around the world, from Italy to Vietnam
▼ + stars: | 2023-07-10 | by ( Chris Dwyer | ) edition.cnn.com time to read: +24 min

Courtesy CoteArgentinian maestro Mauro Colagreco was the first ever non-French chef to earn three Michelin stars in France, at Mirazur on the famed French Riviera. Gastronomic restaurant Plénitude by chef Arnaud Donckele marked an extraordinary debut by being awarded the pinnacle of three Michelin stars just six months after opening. Since 2021, they have held three Michelin stars for their cuisine, which celebrates peerless produce from their sustainable farm just seven miles away. Lung King Heen, Four Seasons Hong KongLung King Heen was the first Chinese restaurant to hold three Michelin stars. Capella Hotels & ResortsFinally to Vietnam, where Michelin published its first ever guide in June 2023.

Persons: Winston Churchill, Albert Einstein, it’s, Heiko Nieder, carne ”, Ben Benoliel, Alex Nietosvuori, Ally Thompson, Hjem, morel, Cigliutti Enrico Crippa, Piazza, Crippa, Ferran Adrià, Mauro Colagreco, Côte, Raymond Blanc, Paul Wilkinson Chef Raymond Blanc, Lady Gaga, Queen Elizabeth II, ”, ” Blanc, Luke Selby, Plénitude, Cheval Blanc, France Plénitude, Sylvie Becquet, Blanc Paris, chef Arnaud Donckele, Chopin, Maxime Frédéric –, Aled Williams, Gareth Ward, Il Ristorante Niko Romito, Ristorante Niko Romito, Niko Romito, Romito, Giacomo Amicucci, Kyle, Katina, Michel Bras, Le Saint, Martin, Château Saint, France Le Saint, Chef Jean, Luc Lefrançois, Saint, –, sommelier Vincent Arhuro, King Heen, Hong Kong Lung King Heen, Heen, who’s, Chan Yan Tak, Rome Cavalieri, Pergola, Heinz Beck, Hatta, Ushikubo, Raby Hunt, Raby Hunt's Michelin, James Close, Maria, Chef Maria, Lorenz Adlon Esszimmer, Germany Lorenz Adlon Esszimmer, Lorenz, Young, Reto, Thomas Edison, Henry Ford, John D, Waku, Ghin, Tetsuya Wakuda, There’s, Tetsuya, they’re, kinome, It’s, Denmark There's, Jean Marchal, Maria Coppy, Jakob de Neergaard, iberico, Sven Wassmer, “, Lumnezia, Douglas, Koki, Hiroshi Yamaguchi, Bill Bensley, Chris Dwyer Organizations: CNN, Michelin, Duomo, Capella, Rosewood, of, Notre Dame, Resorts, Dubai Michelin, Resort Dubai, Reale, peerless, ”, Le Saint, Hong, Hong Kong Lung, Seasons Hong, Rockefeller, Sands, Royal Suite, Royal, Swiss, Koki, Capella Hotels, Capella Hanoi Locations: Bangkok, Piedmont, Hanoi, Tokyo, Zurich, Switzerland, Northumberland, Hadrian's, Swedish, England, Wall, Piazza Duomo, Alba, Italy, Japan, Spanish, Capella Bangkok, Thailand, France, Mirazur, Thai, Rosewood Hong Kong, Hong Kong, Chaat, Oxfordshire, ”, Cheval Blanc Paris, of Light, City of, Powys, Wales, Bulgari, Dubai, UAE, Italy’s Abruzzo, SingleThread, California, Healdsburg, Sonoma, Toya, Le, Provence, French, Vence, Marseille, Seasons Hong Kong, Yunnan, Peking, La, Rome, Eternal, County Durham, Darlington, romaine, Berlin, Germany, Brandenburg, Young Swiss, Europe, Marina, Sands, Singapore, Australia, Shizuoka, Hokkaido, d’Angleterre, Copenhagen, Denmark, Marchal, Hibana, Capella Hanoi, Vietnam

They undermine law and order in Judea and Samaria [West Bank] and must stop immediately,” he said at a cabinet meeting on Sunday. These calls hurt the vital interests of the State of Israel and they must stop immediately.”Israeli authorities describe the West Bank as Judea and Samaria. I emphasize – approved.”The recent uptick in violence peaked on Wednesday, when Israeli settlers attacked the Palestinian village of Turmusayya in the occupied West Bank, the day after the killing of four Jewish settlers nearby, according to the mayor of the village. ‘Nationalist terrorism’Senior Israeli security officials condemned what they called “nationalist terrorism” by some settlers, after the latest attacks took place on Saturday around the Palestinian village of Umm Safr, north of Ramallah. Sven Kuhn von Burgsdorff, the head of the European Union's mission to the occupied West Bank and Gaza Strip, stands inside a destroyed structure in Ramallah on Friday.

Persons: Benjamin Netanyahu, Netanyahu, “, ”, ’, Herzi Halevi, Yaakov Shabtai, Umm, Sven Kuhn von Burgsdorff, Ahmad Gharabli, ” Ghassan Douglas, Mohammad Radee Organizations: Jerusalem CNN, Israeli, West Bank, West, UN, Palestinian, Nationalist, Israeli General Staff, Israel Security Agency, ISA, Israel’s Police, Israel Police, Getty, Palestine TV, CNN, Palestine, Palestinian Foreign Ministry Locations: Jerusalem, Judea, Samaria, West, Israel, West Bank, Turmusayya, Jenin, Umm Safr, Ramallah, “, Gaza, AFP

☆ Inside Amazon's rush to respond to ChatGPT. 'Amazon must be really scared about being late on all of this.'
▼ + stars: | 2023-06-12 | by ( Eugene Kim | ) www.businessinsider.com time to read: +10 min

"Amazon must be really scared about being late on all of this," one Amazon employee said in an interview. The same rules apply to the new Microsoft Bing search engine that uses ChatGPT's technology, an internal document said. "Since generative AI is all the rage right now, it will be included in the themes, and there will be a special award for the project that best demonstrates generative AI," the email said. Mike Blake/ReutersEmployees are still curious about Amazon's response to ChatGPT and generative AI, frequently bringing up the topic in internal town-hall meetings. He also said that Amazon's top leadership team, called the S-team, was "very excited about it" and that generative AI was a "big area of focus for us."

Persons: ChatGPT, Sam Altman, Sven Hoppe, It's, hackathons, Andy Jassy, Mike Blake, Adam Selipsky, Jassy, Eugene Kim Organizations: Amazon, Echo, Microsoft, Employees, Getty, Bloomberg, Burnham, Reuters Employees

☆ Infineon CFO: looking for acquisitions of up to 3 bln euros
▼ + stars: | 2023-05-31 | by ( ) www.reuters.com time to read: +1 min

BERLIN, May 31 (Reuters) - Infineon (IFXGn.DE) is looking for small- and medium-sized acquisitions worth up to 3 billion euros ($3.30 billion) that would fit well with the German chipmaker's portfolio, Chief Financial Officer Sven Schneider told Germany's Focus Money magazine. "We are now aiming for smaller and medium-sized acquisitions in order to strengthen ourselves selectively in those areas where we can become even better," said Schneider. Acquisitions can range from 1 to 3 billion euros, said Schneider, who added that liquidity was not an issue. "We have liquidity of almost 3 and a half billion euros. That currently corresponds to about 2.6 billion euros," he said.

Persons: Sven Schneider, Germany's, Schneider, Miranda Murray, Friederike Heine Our Organizations: Infineon, Thomson Locations: BERLIN

☆ Mass event will let hackers test limits of A.I. technology
▼ + stars: | 2023-05-10 | by ( ) www.cnbc.com time to read: +6 min

But now its maker, OpenAI, and other major AI providers such as Google and Microsoft, are coordinating with the Biden administration to let thousands of hackers take a shot at testing the limits of their technology. Some are official "red teams" authorized by the companies to "prompt attack" the AI models to discover their vulnerabilities. Chowdhury, now the co-founder of AI accountability nonprofit Humane Intelligence, said it's not just about finding flaws but about figuring out ways to fix them. Building the platform for the testing is another startup called Scale AI, known for its work in assigning humans to help train AI models by labeling data. "Our basic view is that AI systems will need third-party assessments, both before deployment and after deployment.

☆ Apple needs to show strong forward guidance, says Northman Trader's Sven Henrich
▼ + stars: | 2023-05-04 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple needs to show strong forward guidance, says Northman Trader's Sven HenrichSven Henrich, Northman Trader founder, joins 'Closing Bell: Overtime' to discuss the technicals on Apple.

NASA's Solar Dynamics Observatory captured a video of a tornado churning on the sun. The fiery formation of boiling solar plasma grew to an estimated height of 14 Earths. SDO/NASAThe magnetic structure that caused this tornado is actually a lot bigger than what we're seeing. As these move around the sun, they create magnetic fields that erupt through the solar surface. The sun is getting more activeA video from NASA's Solar Dynamics Observatory shows the massive hole in the sun's atmosphere.

☆ UBS could see big gains after forced Credit Suisse merger. Big U.S. banks may also be winners, analysts say
▼ + stars: | 2023-03-20 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

UBS ' acquisition of Credit Suisse could lead to big gains for the Swiss bank. UBS agreed to buy Credit Suisse for 3 billion Swiss francs, or around $3.2 billion, in a forced deal announced Sunday. As part of the deal, Credit Suisse shareholders receive 1 UBS share for every 22.48 Credit Suisse shares they hold. But Barclays analyst Amit Goel wasn't so sure, cutting his view on European banks to neutral from positive on Monday. Wells Fargo's Mike Mayo, meanwhile, sees opportunity for U.S. banks coming out of the UBS takeover of Credit Suisse.

☆ AI love: What happens when your chatbot stops loving you back
▼ + stars: | 2023-03-18 | by ( Anna Tong | ) www.reuters.com time to read: +9 min

He designed a female avatar with pink hair and a face tattoo, and she named herself Lily Rose. As their three-year digital love affair blossomed, Butterworth said he and Lily Rose often engaged in role play. Sometimes Lily Rose sent him "selfies" of her nearly nude body in provocative poses. Now, when Replika users suggest X-rated activity, its humanlike chatbots text back "Let's do something we're both comfortable with." The coquettish-turned-cold persona of Lily Rose is the handiwork of generative AI technology, which relies on algorithms to create text and images.

☆ Goldman Sachs, other banks expect smaller hike from ECB in May
▼ + stars: | 2023-03-17 | by ( Subhadeep Chakravarty | ) www.reuters.com time to read: +2 min

March 17 (Reuters) - Goldman Sachs, Morgan Stanley and at least two other banks expect the European Central Bank to deliver a smaller quarter-point hike in May, as it grapples with stress in the banking sector and high core inflation. Goldman's terminal rate forecast for the ECB now stands at 3.5%, down from 3.75% expected previously when it forecasted a 50-bps raise in May. For Morgan Stanley, a smaller May hike expectation leaves the peak rate forecast at 3.75% by July, down from 4% expected earlier. The changes in forecast follow the ECB's decision on Thursday to press ahead with a 50-bps hike in its deposit facility rate, taking it to 3%. Traders see the ECB rate peaking at around 3.23% by September or October.

☆ Goldman Sachs and other banks expect smaller hike from ECB in May
▼ + stars: | 2023-03-17 | by ( Subhadeep Chakravarty | ) www.reuters.com time to read: +2 min

March 17 (Reuters) - Goldman Sachs and two other banks expect the European Central Bank to deliver a smaller quarter-point hike in May as it grapples with stress in the banking sector and high core inflation. Goldman earlier expected the ECB to deliver a 50 bps hike in May. The Wall Street bank's terminal rate forecast now stands at 3.5%, down from 3.75% previously. Traders see the ECB rate peaking at around 3.23% by September or October. Meanwhile, J.P.Morgan, Deutsche Bank and Swedish Bank SEB expect the ECB to deliver a 50 bps hike in May but warned of downside risks to their forecasts given current market volatility and inflation remaining well above the central bank's target.

☆ Goldman Sachs cuts ECB rate hike forecast to 25bps in May
▼ + stars: | 2023-03-17 | by ( ) www.reuters.com time to read: +1 min

March 17 (Reuters) - Goldman Sachs lowered its estimate for an interest rate hike by the European Central Bank (ECB) in May to 25 basis points after the central bank raised rates to fight inflation amid calls to rein in policy tightening. The investment bank reduced its estimate from the earlier forecast of 50 bps, pushing its ECB terminal rate forecast to 3.5% from 3.75% previously. The revised forecast comes after the ECB raised interest rates by 50 bps on Thursday. The investment bank anticipates the ECB will continue to be in tightening mode despite volatility in financial markets and expects Europe's core inflation to remain firm in coming months. Reporting by Subhadeep Chakravarty; Editing by Sonia CheemaOur Standards: The Thomson Reuters Trust Principles.

☆ Ryan Redington arrives in Nome, Alaska to win Iditarod sled dog race
▼ + stars: | 2023-03-14 | by ( Dan Whitcomb | ) www.reuters.com time to read: +1 min

[1/5] Ryan Redington leaves the Rohn checkpoint after a quick stop, carrying straw to rest his team during the long run to Nikolai during the Iditarod Trail Dog Sled Race in Alaska, U.S. March 8, 2021. Zachariah Hughes/ADN/Pool via REUTERSMarch 14 (Reuters) - Ryan Redington, who hails from a family of hall-of-fame mushers, reached Nome, Alaska, ahead of his rivals on Tuesday to win the grueling Iditarod Trail Sled Dog Race in his 16th try. “It’s been a goal of mine since a very small child, to win the Iditarod. It finally happened," Remington, 40, said after crossing the finish line in Nome, Alaska Public Media reported. Remington, whose grandfather Joe is known as the "Father of the Iditarod Trail Sled Dog Race" for his work in organising and promoting the event in the late 1960s, raised the trophy in his 16th try.

☆ Arsenal seal thrilling comeback win, Man City maintain chase
▼ + stars: | 2023-03-04 | by ( Martyn Herman | ) www.reuters.com time to read: +4 min

City's 2-0 win sliced Arsenal's advantage to two points and when leaders Arsenal trailed 2-0 with an hour gone in north London it appeared their hold on top spot was weakening. Fourth-placed Tottenham Hotspur's top-four ambitions suffered a dent as they went down 1-0 at Wolverhampton Wanderers who are gradually pulling clear of the relegation zone. Arsenal had not won a Premier League game in which they had trailed by at least two goals since 2012 so the omens looked bad for the Gunners as they were stunned by Bournemouth. 'TRICKY GAME'There was no such drama at Manchester City with Phil Foden scoring an early beauty before substitute Bernardo Silva wrapped up the points in the second half. "We won the game, we didn't suffer much at the end -- an incredible result for us because it was a tricky game," City manager Pep Guardiola said.

☆ Clinical Man Utd win League Cup in heartbreak for Newcastle
▼ + stars: | 2023-02-26 | by ( Martyn Herman | ) www.reuters.com time to read: +4 min

[1/2] Soccer Football - Carabao Cup - Final - Manchester United v Newcastle United - Wembley Stadium, London, Britain - February 26, 2023 Manchester United's Bruno Fernandes and Harry Maguire lift the trophy with teammates after winning the Carabao Cup final Action Images via Reuters/Andrew CouldridgeLONDON, Feb 26 (Reuters) - Manchester United crushed Newcastle United's hopes of a claiming a first domestic trophy for nearly 70 years with a clinical 2-0 victory in the League Cup final at Wembley on Sunday. Kicking towards their fans in the second half Newcastle roused themselves into action and pinned a leggy-looking United back at times but they rarely looked like scoring. The Tyneside club has now lost each of their last nine matches at Wembley, a run that began in the 1974 FA Cup final. Newcastle were full of energy early on with Allan Saint-Maximin dangerous whenever he got the ball. "No complaints with how we played, obviously the scoreline doesn't say that, and that's where football can be cruel," Newcastle manager Howe said.

☆ A 75-year-old woman who led far-right extremists accused of an elaborate coup plot to topple the German government
▼ + stars: | 2023-01-28 | by ( Isobel Van Hagen | ) www.businessinsider.com time to read: +5 min

Five members of a German extremist group were charged with treason for a coup plot. This belief ties in with the country's nascent Reichsbürger movement, or "Citizens of the Reich," which does not recognize Germany's current parliamentary democracy as legitimate. As of 2022, there are approximately 23,000 Reichsbürger members in Germany, the Federal Office for the Protection of the Constitution estimated. Getty ImagesThis week's indictment follows another widely reported coup attempt — one that the principles of the Reichsbürger movement also guided. The multiple coup attempts and the rise of the Reichsbürger movement point to a growing trend of extremist ideology in Germany and across the European continent.

☆ Bayern in need of a keeper after Neuer injury, coach Nagelsmann says
▼ + stars: | 2023-01-12 | by ( ) www.reuters.com time to read: +2 min

BERLIN, Jan 12 (Reuters) - Bayern Munich want to sign a goalkeeper following the injury to Germany captain Manuel Neuer but the options on the transfer market in the winter period are limited, coach Julian Nagelsmann said on Thursday. Speaking in Doha, Qatar, at the end of a one-week training camp ahead of the Bundesliga season restart next week, Nagelsmann said that, while 34-year-old Sven Ulreich was ready to step in to replace Neuer, the club still needed another keeper. Nagelsmann said the choices behind Ulreich were limited to younger keepers, including 19-year-old Johannes Schenk, with no experience of top league matches. Bayern, top of the Bundesliga, resume their hunt for a record-extending 11th straight league crown against RB Leipzig on Jan. 20. "We want to put ourselves on track for the big match against top league rival Leipzig next week," he said.

☆ Goldman Sachs no longer expects recession in euro zone in 2023
▼ + stars: | 2023-01-10 | by ( ) www.reuters.com time to read: +2 min

[1/2] The euro sign is photographed in front of the former head quarter of the European Central Bank in Frankfurt, Germany, April 9, 2019. REUTERS/Kai PfaffenbachJan 10 (Reuters) - Goldman Sachs said on Tuesday it expects the euro zone economy to grow by 0.6% this year, compared with its previous forecast of a contraction, thanks to a fall in natural gas prices and the reopening of China's borders. Euro zone inflation is expected to be around 3.25% at the end of 2023 compared with 4.50% forecast earlier, the economists said. In December, consumer price growth across euro zone slowed to 9.2% from 10.1% a month earlier, Eurostat data showed last week. For the UK, Goldman sees a smaller contraction of 0.7% in GDP, compared with an earlier expectation for it to shrink by 1%, helped by lower wholesale gas prices.

☆ Former pope Benedict, his papacy and retirement
▼ + stars: | 2022-12-28 | by ( ) www.reuters.com time to read: +4 min

VATICAN CITY, Dec 28 (Reuters) - Former pope Benedict, who Pope Francis said on Wednesday was "very sick", resigned in 2013, the first pontiff in 600 years to take such a step rather than rule for life. Days later, Benedict says he was "deeply sorry" about Muslim reaction to his speech, which he says was misunderstood. Former Pope Benedict traveled to his native Germany last week to visit his ailing older brother. Benedict later pardoned Gabriele and the Vatican later found him a job in a hospital. Benedict pope later acknowledges errors occurred and asks for forgiveness.

[1/2] Twitter corporate headquarters building is seen in downtown San Francisco, California, U.S. November 21, 2022. Twitter and the EU did not immediately respond to requests for comment. German Chancellor Olaf Scholz's government has previously said it was monitoring developments at the social media company with growing concern. German regulators are already pushing government institutions to stop posting announcements exclusively to privately-held platforms, touting alternatives like the fledgling decentralised social media network Mastodon. "However, Twitter is not yet classified as a dominant digital platform, also because the company's sales are still too low," he said.

Search resuls for: "SVEN"

25 mentions found