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☆ Australian telco Optus tells lawmakers it had no plan to address total outage
▼ + stars: | 2023-11-17 | by ( Byron Kaye | ) www.reuters.com time to read: +3 min

Singtel has said that while Optus experienced an outage after its software upgrade, the upgrade itself was not the cause. "Singtel will support Optus as it learns from what has occurred and continues to improve," the Singapore company said a day earlier. Kanagaratnam told the hearing Optus never expected a total shutdown because it had filters designed to stop all 90 of the company's routers from being overloaded with data. "The outage was a result of our defence not working as it should have," he said. Bayer Rosmarin said 228 calls to Australian emergency hotline Triple-0 failed to connect because of the outage, but the telco had followed up all incidents and "thankfully everybody is OK".

Persons: Kanagaratnam, Singtel, Kelly Bayer Rosmarin, Bayer Rosmarin, telco, Byron Kaye, Gerry Doyle Organizations: SYDNEY, Optus, Singapore Telecommunications, Triple, Bayer, Thomson Locations: Singapore

☆ ESPN's VP of sports betting shares his keys to success for ESPN Bet and an inside look into the partnership with Penn
▼ + stars: | 2023-11-17 | by ( Margaret Fleming | ) www.businessinsider.com time to read: +8 min

In other words, ESPN Bet has arrived. The companies announced in August their collaboration, with the operator selling its stake in Barstool Sports to rebrand Barstool Sportsbook as ESPN Bet. Screenshots from the ESPN Bet app. Providing easy transitions between the ESPN and ESPN Bet apps is a key focus to drive that metric, he added. — ESPN BET (@ESPNBet) November 10, 2023The move has given ESPN Bet an advantage on social media with 5.4 million followers on X, 2.7 million on Facebook, and 2.4 million on Instagram.

Persons: It's, Jay Snowden, Mike Morrison, Morrison, Scott Longley, DraftKings, Penn, Snowden, Jimmy Pitaro, Pitaro, I'm, cohesively we've, Keys, Fubo Sportsbook, Maxim Bet, it's Organizations: ESPN Bet, ESPN, Penn Entertainment, Sports, Business, Apple, Caesars, Penn, ESPN Penn, TheScore, Fox, Maxim, Yahoo, Walt Disney Company, ESPN BET, Facebook Locations: Penn, Las Vegas

☆ Optus parent SingTel denies software upgrade as root cause for outage
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +1 min

Nov 16 (Reuters) - Singapore Telecommunications Ltd (STEL.SI), the parent of Australian telecoms provider Optus, said on Thursday its planned software update was not the root cause for an outage last week, contradicting Optus' claims earlier this week. Optus had earlier in the week said an initial investigation found the company's network was affected by "changes to routing information from an international peering network" after a "routine software upgrade". SingTel, while confirming that Singtel Internet Exchange (STiX) is one of Optus' international networks that connects to the global internet, denied that the routine software upgrade was the root cause. "We are aware that Optus experienced a network outage after the upgrade when a significant increase in addresses being propagated through their network triggered preset failsafes," SingTel said. SingTel's statement comes a day before Optus CEO, Kelly Bayer Rosmarin faces an Australian senate inquiry into the massive outage.

Persons: SingTel, Kelly Bayer Rosmarin, Sameer Manekar, Dhanya Ann Thoppil Organizations: Singapore Telecommunications Ltd, Optus, Singapore Telecommunications, Thomson Locations: Bengaluru

☆ Viva Las Vegas, Formula One betting big on Sin City race
▼ + stars: | 2023-11-15 | by ( Steve Keating | ) www.reuters.com time to read: +5 min

Wynn resort is offering the first-ever Las Vegas Grand Prix Million Dollar All-Access Experience that includes a $100,000 philanthropic gift. "However, the brand synergies with the inaugural Las Vegas Grand Prix are unmatched." Formula One has long been a magnet for the celebrity class and Las Vegas is sure to be an irresistible pull. Las Vegas may be the gambling capital of the world but there will be little bet on F1. "I would say this is due to lack of parity," Derek Stevens, owner of Circa and several other Las Vegas casinos told Reuters.

Persons: Max Verstappen, Greg Maffei, Red Bull, Aston Martin, Hilton, Red, it’s, Rebecca McAdam Willetts, Mark Wang, David Beckham, Shaquille O’Neal, Mark Wahlberg, Gordon Ramsay, Toto Wolff, Derek Stevens, Steve Keating, Toby Davis Organizations: LAS VEGAS, Las Vegas, Liberty Media, Formula One, Vegas, Ferrari, Mercedes, McLaren, Red Bull, PokerStars, Public Relations, Reuters, Poker, New York Stock Exchange, American Express, Heineken, Hilton, MGM Resorts International, Fountain Club, Hilton Grand, Club SI, Drai's Beach Club, Thomson Locations: Vegas, United States, Sin City, VVIPs, Las Vegas, Monaco, Drai's, Toronto

☆ Singtel-owned Optus says massive Australia outage was after software upgrade
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: +1 min

SYDNEY, Nov 13 (Reuters) - Australian telecoms provider Optus said on Monday that a massive outage which effectively cut off 40% of the country's population and triggered a political firestorm was caused by "changes to routing information" after a "routine software upgrade". Optus said in a statement that an initial investigation found the company's network was affected by "changes to routing information from an international peering network" early that morning, "following a routine software upgrade". "These routing information changes propagated through multiple layers in our network and exceeded preset safety levels on key routers which could not handle these," the company said. "This resulted in those routers disconnecting from the Optus IP Core network to protect themselves." The company added that it had "made changes to the network to address this issue so that it cannot occur again".

Persons: telco, Byron Kaye, Christopher Cushing Organizations: SYDNEY, Optus, Singapore Telecommunications, Thomson Locations: Australian, Australia

LAÚNDOS, Portugal (AP) — Guilherme Peixoto, a village priest in northern Portugal, has been busy this month celebrating Masses at his two parishes, presiding over remembrances for the dead — and preparing the electronic music set for his next international DJ gig. "They can think, 'If it’s possible for a priest to be DJ, it’s possible for me to like music, and festivals, and be Christian.'" The priest broke onto the global stage when the organizers of World Youth Day in Lisbon asked him to “wake up the pilgrims” at 7 a.m. before Pope Francis’ open-air Mass in August. There, he re-mixed electronic dance beats with words from Pope Francis’ encyclical about protecting the environment. “It’s very important to me to not only be the priest DJ, but be the shepherd of the community,” Peixoto said.

Persons: — Guilherme Peixoto, remembrances, ” Peixoto, Pope Francis ’, Peixoto, who’s, John Paul II, He’d, Francis ’, Silvana Pontes, ”, ” Pontes, he’d, Tania Campos, she’s, —, Paulo, Switzerland —, Irene Pontes, Andreia Flores, ” Flores, “, “ It’s, Pope, Pope Francis, Eduardo Duque, “ Padre Guilherme, we’ll, ’ ”, don’t, Jesus —, DJ Organizations: —, Ar, Rock, Peixoto, Catholic Portuguese University, Braga, Lilly Endowment Inc, AP Locations: LAÚNDOS, Portugal, fundraise, Italy, Lisbon, Portuguese, Laúndos, Ar de, Arizona, Switzerland, Amorim .

☆ ‘Es como la Messi mujer’: la gira de Taylor Swift llega a Argentina
▼ + stars: | 2023-11-10 | by ( Jack Nicas | ) www.nytimes.com time to read: +1 min

“Es la que mejor relación tiene con los fans y la que logra toda esta fan manía”, comentó Lucas Forte, de 24 años y miembro de otra carpa que había dormido afuera del estadio durante cinco noches desde septiembre. “Me enteré de que ustedes acamparon para tener un buen lugar”, le dijo el jueves a la multitud. Los organizadores se aseguraron de que las que acamparon fueran las primeras en la fila. “Llegamos allá y me rompí la rodilla” contó Atenas Astuni, de 23 años, integrante de la primera de las carpas, con la voz ronca la mañana del viernes tras el concierto. “Pero estaba hablando con mis amigas de que si me tendría que romper la rodilla de vuelta para que pase exactamente lo mismo que pasó ayer, lo hago de vuelta.

☆ SingTel profit jumps 83% in first half on Indonesia gain
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +1 min

A Singtel booth is pictured at the Money 20/20 Asia Fintech Trade Show in Singapore March 21, 2019. Telkomsel, the Indonesian associate of Southeast Asia's largest telecom firm, had agreed to merge with its parent's IndiHome broadband arm in an effort to expand into Indonesia's fixed broadband market. SingTel owns a 29.6% stake in the enlarged integrated mobile and fixed broadband company. SingTel said its net profit for the six months ended Sept. 30 was S$2.14 billion ($1.58 billion), compared with S$1.17 billion a year earlier. The company declared an interim dividend of 5.2 Singapore cents per share, higher than the 4.6 Singapore cents per share declared a year earlier.

Persons: Anshuman, SingTel, Archishma Iyer, John Biju, Shilpi Majumdar, Shounak Dasgupta, Subhranshu Organizations: Trade, REUTERS, Singapore Telecommunications, Thomson Locations: Asia, Singapore, Indonesian, Southeast, Telkomsel, Bengaluru

☆ Chaos as Optus outage disconnects half of Australia
▼ + stars: | 2023-11-08 | by ( Byron Kaye | ) www.reuters.com time to read: +3 min

"Because of the outage it won't load," Rogers told Reuters while he was waiting at the pharmacist for the internet to return. Optus, which is owned by Singapore Telecommunications, (STEL.SI) gave no explanation for the outage except to say it was investigating it. Until then, even taking a walk became more difficult, at least for people who needed directions. An office worker from Sydney told Reuters he could not get into his building because the door required an internet-connected smartphone application to unlock. ($1 = 1.5538 Australian dollars)Reporting by Byron Kaye with additional reporting by Kirsty Needham and Sam Holmes; Editing by Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

Persons: Chris Rogers, Rogers, I've, Michael Clements, Angela Ican, we've, Roderick Geddes, Byron Kaye, Kirsty Needham, Sam Holmes, Stephen Coates Organizations: SYDNEY, Optus, Reuters, Reserve Bank of Australia, Royal Australian College of General, Singapore Telecommunications, Sydney, Thomson Locations: Sydney

☆ Australia to investigate Optus internet and phone outage
▼ + stars: | 2023-11-08 | by ( Renju Jose | ) www.reuters.com time to read: +2 min

SYDNEY, Nov 9 (Reuters) - Australia said on Thursday it would launch an investigation into a 12-hour national outage at telco Optus that cut off internet and phone connections to nearly half of its population, hitting critical services including payments, transport and hospitals. The federal government would undertake a post-incident review into the outage, Communications Minister Michelle Rowland said, describing its impacts as "particularly concerning." Australia's media regulator will conduct a separate review into the outage after emergency triple zero ("000") calls went down on Optus landlines, Rowland added. Optus, owned by Singapore Telecommunications (STEL.SI), has not given the cause for the unprecedented outage, one of the biggest the country has witnessed. The outage happened 14 months after Optus was hit by one of Australia's biggest cyber breaches.

Persons: telco, Michelle Rowland, Rowland, Renju Jose, Jamie Freed Organizations: SYDNEY, Optus, Optus landlines, Singapore Telecommunications, Telstra, Australian Broadcasting Corp, Thomson Locations: Australia, Sydney

☆ South Korea declares war on bedbugs after surge in reported cases
▼ + stars: | 2023-11-08 | by ( Yoonjung Seo | ) edition.cnn.com time to read: +7 min

Seoul, South Korea CNN —South Korea has become the latest country to declare war on bedbugs following a wave of outbreaks, with bathhouses, university dorms, and train stations across the country on high alert. Previously, the country had been practically free of bedbugs following past extermination campaigns, with just nine infestations being reported to the Korea Disease Control and Prevention (KDCA) since 2014. Meanwhile, pest control companies say they have become inundated with phone calls asking for help. “Bedbugs are developing resistance to the insecticides that we commonly use, so the most effective solution these days is heating. “Early and proactive responses are crucial.”In its “Bedbug Prevention and Response Guidelines,” the Seoul City Government advises people against bringing items with a risk of infestation into their homes.

Persons: “, ”, Eom Hae, Eom, Yoo, Lee, hasn’t, Lee Hee, ” Lee, It’s, Yang Nam, kyung Organizations: South Korea CNN, Korea Disease Control, South, bedbugs, Agricultural Biotechnology, Seoul National University, Seoul City Government Locations: Seoul, South Korea, Korea, France, United Kingdom, United States, Pest, Incheon, City

☆ Singapore Airlines posts record half-year profit as air travel demand soars
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +2 min

A Singapore Airlines plane is seen among the planes in the static display at the Singapore Airshow in Singapore, February 16, 2022. "The robust demand for air travel continued into the Northern Summer travel season, led by the rebound in passenger traffic to North Asia with the full reopening of China, Hong Kong SAR, Japan, and Taiwan," the airline said in a statement. Singapore Airlines and its budget arm, Scoot, carried around 17.4 million passengers during the half-year, an increase of 52.3% year-on-year. The firm also intends to redeem 50% of the zero-coupon mandatory convertible bonds (MCBs) that it issued in June 2021 to support its balance sheet amid an almost total shutdown of air travel during the pandemic. ($1 = 1.3543 Singapore dollars)Reporting by Rishav Chatterjee and Nausheen Thusoo in Bengaluru; Editing by Janane VenkatramanOur Standards: The Thomson Reuters Trust Principles.

Persons: Caroline Chia, Rishav Chatterjee, Nausheen, Janane Organizations: Singapore Airlines, Singapore, REUTERS, Companies, India, Air India, India's Tata Group, Thomson Locations: Singapore, Asia, North Asia, China , Hong Kong SAR, Japan, Taiwan, Bengaluru

SYDNEY, Nov 8 (Reuters) - Millions of Australians were left without a phone or internet connection on Wednesday after the country's second-largest telecommunications provider experienced an unexplained nationwide outage. "Our teams are working urgently to restore services. The government had sought further information from Optus including when they expected to restore services. Melbourne's train networks were forced to shut down for about 30 minutes due to the outage, resulting in delays during the morning rush, media reported. A cyber breach last year hit Optus, exposing personal details of millions of its customers, including their home addresses, driver licence and passport numbers.

Persons: telco, Michelle Rowland, Rowland, Renju Jose, Praveen Menon, Stephen Coates Organizations: SYDNEY, Optus, Singapore Telecommunications, Commonwealth Bank, CBA, Reuters, Federal Communications, ABC Radio, Thomson Locations: Sydney

DBS, which is also Southeast Asia's largest lender, has already forecast a record full-year profit for the current year. "Net profit (for 2024) to be maintained around record 2023 level," CEO Piyush Gupta said in results presentation materials. The bank's July-September net profit rose to S$2.63 billion ($1.94 billion) from S$2.24 billion a year earlier as total income grew to a record on higher interest margins and fee income. Besides higher global interest rates, Singapore banks have benefitted from strong inflows of wealth drawn in by the city-state's political stability. Smaller peer United Overseas Bank (UOBH.SI) reported in end-October a weaker-than-expected 1% drop in third-quarter net profit.

Persons: Ann Wang, Piyush Gupta, Gupta, Yantoultra Ngui, Josie Kao Organizations: DBS, REUTERS, Bank, Q3 SINGAPORE, LSEG, United Overseas Bank, Chinese Banking Corp, Thomson Locations: Taipei, Taiwan, Singapore

☆ Piyush Gupta: Asia’s most disrupted digital banker
▼ + stars: | 2023-11-02 | by ( Anshuman Daga | ) www.reuters.com time to read: +4 min

Piyush Gupta, CEO of DBS Group (DBSM.SI) is often lauded as Asia’s top financier and has been tipped as a candidate to lead global rivals. Yet following repeated serious failures in its digital banking services, the Monetary Authority of Singapore has banned DBS from non-essential activities including M&A. It puts dividends at risk and will attract the eye of watchdogs overseas where the lender is busy expanding. On the back of record profits, Gupta earned $11.4 million last year, making him one of Asia’s highest remunerated bank CEOs. MAS will retain a multiplier of 1.8 times to DBS’ risk weighted assets for operational risk, an increase from a multiplier of 1.5 times MAS applied in February 2022.

Persons: Piyush Gupta, Ping, aren’t, OCBC’s, Peter Seah, Gupta, Breakingviews, he’s, Una Galani, Thomas Shum Organizations: Reuters, DBS Group, HK, HSBC, Monetary Authority of, DBS, MAS, Lakshmi, Bank, Monetary Authority of Singapore, Thomson Locations: SINGAPORE, Monetary Authority of Singapore, India, Taiwan, Singapore

☆ Pope says he will attend COP28 climate summit in Dubai, a first by a pontiff
▼ + stars: | 2023-11-01 | by ( Philip Pullella | ) www.reuters.com time to read: +2 min

Pope Francis leads the weekly general audience in Saint Peter's Square at the Vatican, October 18, 2023. The pope told Italy's state-run RAI television TG1 news in an interview that he expected to be in Dubai Dec. 1-3. In Dubai, the pope is expected to drive home his recent appeal for action to curb global warming. Francis, 86, has made protection of the environment one of the hallmarks of his papacy and met last month with COP28 President Sultan al-Jaber. Failure in Dubai, Francis said in the document, "will be a great disappointment and jeopardize whatever good has been achieved thus far".

Persons: Pope Francis, Italy's, Francis, Sultan al, Jaber, Deum, Joe Biden, Philip Pullella, Diane Craft, Jonathan Oatis Organizations: Vatican, Handout, REUTERS, Rights, RAI, TG1, Thomson Locations: Saint Peter's, Dubai, el, Sheikh, Egypt, Glasgow, Scotland

☆ KKR to invest $400 mln in Malaysia subsea telco cable services firm
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: +1 min

SINGAPORE, Oct 30 (Reuters) - U.S. private equity firm KKR (KKR.N) has signed an agreement to invest $400 million in Malaysian subsea telecommunications cable services provider OMS Group, the companies said in a joint statement on Monday. Additional details of the transaction were not disclosed in the statement. The deal marks KKR's latest investment in Southeast Asia digital infrastructure, adding to its existing investments that includes the regional data center of Singapore Telecommunications (STEL.SI) and Philippines-based digital infrastructure company Pinnacle Towers. KKR's investment will be used to accelerate OMS' growth, including expanding fleet size and capabilities and investing in cable landing stations and subsea cable routes, the statement said. Reporting by Yantoultra Ngui; Editing by Kim Coghill and Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.

Persons: Yantoultra Ngui, Kim Coghill, Muralikumar Organizations: KKR, Singapore Telecommunications, Pinnacle Towers, Thomson Locations: SINGAPORE, Southeast Asia, Philippines

☆ China's consumption recovery is still underway, says Goldman Sachs
▼ + stars: | 2023-10-24 | 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 EmailChina's consumption recovery is still underway, says Goldman SachsSi Fu of the investment bank says there's still room for more recovery in consumption in the next three months, and explains why the bank is positive on stocks in the internet and consumer sectors.

Persons: Goldman Sachs Si Fu, there's

☆ Pope Francis may attend global climate talks in Dubai
▼ + stars: | 2023-10-19 | by ( Philip Pullella | ) www.reuters.com time to read: +2 min

Pope Francis leads the weekly general audience in Saint Peter's Square at the Vatican, October 18, 2023. Vatican Media/Handout via REUTERS/File Photo Acquire Licensing RightsVATICAN CITY, Oct 19 (Reuters) - Pope Francis may attend the COP28 climate conference starting next month in Dubai, Vatican sources say, to drive home his recent appeal for action to curb global warming. It would be the first time a pope has attended a U.N. climate change conference since they began in 1995. Other Vatican sources put the probability that the pope would go to the Nov. 30-Dec. 12 event as high as 90 percent. Failure in Dubai, Francis said in the document, "will be a great disappointment and jeopardize whatever good has been achieved thus far".

Persons: Pope Francis, Francis, Cardinal Pietro Parolin, Joe Biden, Sultan al, Jaber, Philip Pullella, Deborah Kyvrikosaios Organizations: Vatican, Handout, REUTERS, CITY, State, Reuters, Catholic, Thomson Locations: Saint Peter's, Dubai, Vatican, Rome, el, Sheikh, Egypt, Glasgow, Scotland, Mongolia, French, Marseilles

☆ Fearing China, South Korea targets firms building Taiwan navy submarines
▼ + stars: | 2023-10-16 | by ( Ju-Min Park | ) www.reuters.com time to read: +10 min

SI Innotec, which was fined in August 2022, and Park, who received a suspended prison sentence, deny wrongdoing and have appealed. The equipment was not designed solely for military purposes and did not involve sensitive technology, SI Innotec told Reuters. SI Innotec said the contract, at CSBC's request, listed the equipment's primary use as for wind power generation. "The accused were fully aware that the subject equipment would be used to manufacture a military submarine", the court ruled. It was at this point that Seoul's foreign ministry told DAPA it disapproved of the deal, one of them said.

Persons: Tsai Ing, Narwhal, Carlos Garcia Rawlins, Park Mal, sik, China's, DAPA, Moon Jae, Taiwan's, Innotec, SI Innotec, Moo, sik —, —, Yang Hyang, Yang, KHNT's, KHNT, Cho Hyeon Gyu, 1,343.1000, Ben Blanchard, Faith Hung, Tian, Katerina Ang, Josh Smith Organizations: REUTERS, Rights, Reuters, Administration, Keumha Naval Technology, South, Police, Foreign Ministry, Democratic Progressive Party, Indigenous Defense, South Korean, Foreign Trade, SI, Thomson Locations: Kaohsiung, Taiwan, Rights SEOUL, Beijing, Seoul, U.S, China, South Korea, Park, Taipei, Netherlands, Pacific, Beijing . U.S, Changwon, Korea

☆ Fact Check: Video does not show Hamas paraglider crashing into power line
▼ + stars: | 2023-10-13 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

A video showing a June 2023 paragliding accident in South Korea has been wrongly described online as footage of a Hamas paraglider crashing into a power line while trying to enter Israel in October. Israel bombed Gaza and vowed to annihilate the Hamas movement after the Palestinian group attacked Israel on Oct. 7. “Unsuccessful landing of a Hamas paraglider straight on a power line in Israel,” reads an Oct. 11 post on messaging platform X, formerly known as Twitter, sharing a black and white version of a video of a paraglider crashing into an electricity pole giving rise to a plume of smoke. Chinese media outlets shared screenshots of the same video to show news of the paragliding accident. Video does not show a Hamas paraglider crashing into a power line in Israel.

Persons: ”, Read Organizations: Israel, Reuters, Facebook, Thomson Locations: South Korea, Israel, Gaza, Seopjikoji, Jesu Island, Seopjikoji Beach, Goseong, Hamas

☆ India's Bharti Group to buy out French partner AXA's stake in JV
▼ + stars: | 2023-10-11 | by ( Hritam Mukherjee | ) www.reuters.com time to read: +2 min

Logos of France's biggest insurer Axa are seen on a building in Nanterre, near Paris, March 8, 2016. REUTERS/Christian Hartmann/File Photo Acquire Licensing RightsBENGALURU, Oct 11 (Reuters) - Bharti Group will acquire French insurer AXA's (AXAF.PA) 49% stake in Bharti AXA Life Insurance Co, the Indian conglomerate said on Wednesday, taking full control of a venture that was jointly run for nearly two decades. "There is ample scope for life insurance to grow in India. Bharti's JV deal, made through its Bharti Life Ventures arm, is expected to close by December this year, subject to regulatory approvals. The company competes with HDFC Life Insurance (HDFL.NS), ICICI Prudential Life Insurance (ICIR.NS), SBI Life Insurance (SBIL.NS) and LIC in a market ranked ninth in the world, according to the insurance regulatory body's latest annual report.

Persons: Christian Hartmann, Bharti, Burman, Avinash Singh, Hritam Mukherjee, Nivedita Bhattacharjee, Anil D'Silva Organizations: Axa, REUTERS, Rights, Bharti Group, Bharti AXA Life Insurance, Bharti, AXA, Life Insurance Corporation of India, United Provident Association, Insurance, JV, Religare Enterprises, Emkay Global Financial Services, Bharti's JV, Ventures, Life Insurance, ICICI Prudential Life Insurance, SBI Life Insurance, Bharti Airtel, Bharti Realty, Del Monte Foods, Del, Del Monte Pacific, Thomson Locations: Nanterre, Paris, India, Del Monte, Bengaluru

☆ Siemens is case study in China de-risking dilemma
▼ + stars: | 2023-10-04 | by ( Pamela Barbaglia | ) www.reuters.com time to read: +9 min

That’s unsettling for the likes of Siemens, $62 billion carmaker Volkswagen (VOWG_p.DE) and $39 billion chemicals group BASF (BASFn.DE). Factor in the German group’s 32% stake in Siemens Energy (ENR1n.DE) and 75% holding in Siemens Healthineers (SHLG.DE), currently worth 46 billion euros, and it adds up to 156 billion euros. The unit and Siemens’ Airport Logistics unit, which press reports say could be another divestment candidate, may only be worth 4 billion euros combined. Moreover, Kaeser already tried to boost Siemens’ valuation by partially spinning off subsidiaries. As of September, Siemens had bought back 2.5 billion euros of shares since starting a 3 billion euro share repurchase programme in November 2021.

Persons: Roland Busch, France’s Legrand, Busch, Joe Kaeser, he’s, Kaeser, Germany’s Bundesbank, Siemens, Goldman Sachs, Judith Wiese, George Hay, Oliver Taslic Organizations: Reuters, Siemens, Germany’s, Barclays, Reuters Graphics Reuters, Volkswagen, BASF, Software, Dassault, Automation, ABB, Smart Infrastructure, Siemens Energy, Siemens ’ Mobility, France’s Alstom, CRRC Corporation, Siemens ’ Airport Logistics, Siemens Healthineers, Toshiba Corp, Energy, BNP, Bloomberg, Financial Times, Thomson Locations: China, Brussels, Beijing, Germany, EMEA, Swiss, Middle Kingdom, Republic, Shenzhen, Sichuan, Chengdu, Southeast Asia, Indonesia, Vietnam, Thailand

☆ Opinion: Paris’ bedbug bedlam
▼ + stars: | 2023-10-04 | by ( David A. Andelman | ) edition.cnn.com time to read: +7 min

He formerly was a foreign correspondent for The New York Times and Paris correspondent for CBS News. But conquering the city’s bedbug infestation, too, could prove to be an Olympian challenge. The deputy mayor of Paris has also asked Prime Minister Élisabeth Borne to take it on. A French government survey found that at least 11% of all French households reported having a bedbug infestation between 2017 and 2022. The tried-and-true solution to combating bedbugs is as old as Paris itself.

Persons: David A, CNN —, David Andelman, Élisabeth Borne, Borne, they’re, ”, Mathilde Panot, bedbugs, ” Panot, who’d, Anne Hidalgo, Emmanuel Gregoire, implore Borne, Gregoire, Hidalgo, they’ve, Charles de Gaulle, Jean, Michel Berenger, Dior, Mayra Peralta, “, Rue de Solferino, you’ve Organizations: CNN, French Legion of, The New York Times, CBS News, Maison, Legion, French Socialist Party, David Andelman CNN, Paris, bedbugs, Metro, Paris’s, French National, France Insoumise, Paralympic, EnVi Media, PUNAISES RUE DE, Rue de Locations: Paris, Paris’s, France, Seine, Le, “, Rue

☆ Pope Francis lambasts climate change skeptics and ‘irresponsible’ Western lifestyles
▼ + stars: | 2023-10-04 | by ( Barbie Latza Nadeau | ) edition.cnn.com time to read: +2 min

CNN —Pope Francis has made his strongest statement yet on the accelerating climate crisis, pinning blame on big industries and world leaders as well as “irresponsible” Western lifestyles, in a blistering statement on Wednesday. The pope leveled heavy criticism at climate change deniers and delayers. “Despite all attempts to deny, conceal, gloss over or relativize the issue, the signs of climate change are here and increasingly evident. Climate change will likely only get worse and ignoring it will heighten “the probability of extreme phenomena that are increasingly frequent and intense,” he wrote. The pope paid particular attention to the disproportionate responsibility of rich countries for climate change.

Persons: Pope Francis, ”, “ Regrettably, Laudato Organizations: CNN, Catholic Church Locations: United States, China, Dubai

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