DIRS.INFO The most relevant business & tech news

☆ Photos show 10 mummified crocodiles found in an Egyptian tomb, likely after being sacrificed
▼ + stars: | 2023-01-19 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +4 min

A ancient Egyptian tomb was uncovered containing ten mummified crocodiles. The tomb's contents was likely sacrificed for the crocodile-headed god Sobek. The leading theory is that the crocodiles were sacrificed as an offering to Sobek, the crocodile-headed god of the Nile and fertility. Sobek, the crocodile-headed god of fertilitySobek, the crocodile-headed god of fertility, is shown in hieroglyphs in Kom Ombo, southern Egypt. "In theory, it was an area where there was not much devotion to the crocodile god Sobek."

BERLIN/FRANKFURT, Jan 19 (Reuters) - BASF (BASFn.DE) investors said that oil and gas business Wintershall Dea's exit from Russia, though painful, clears the way for plans to take it public and for BASF to focus on its chemicals operations. Portfolio manager Arne Rautenberg of mutual fund company Union Investment, among the 10 largest BASF shareholders, welcomed BASF drawing a line. "This step will facilitate an IPO of Wintershall Dea," said Cornelia Zimmermann, a corporate governance specialist at mutual fund group Deka Investment. BASF said last year that the oil and gas company's exposure in Russia was the reason for it to hold off on plans to take Wintershall Dea public. Before the Ukraine war, Russia had accounted for roughly half of WD's global oil and gas output.

☆ Turkey urges Biden administration to be 'decisive' over F-16 deal as Congress objects
▼ + stars: | 2023-01-18 | by ( Humeyra Pamuk | ) www.reuters.com time to read: +5 min

Recently, Ankara's refusal to ratify the NATO membership of Sweden and Finland has become more central to Congress' opposition. "HOSTAGE"Ties between the United States and Turkey have been strained since Turkey acquired Russian missile defense systems in 2019. For its part, Turkey demands Washington does not support the Syrian Kurdish armed groups that it sees as terrorists. But a senior administration official said Washington was unlikely to follow through with the sale unless Menendez reverses his opposition. The U.S. side did not give a date on when they would send the formal notification for the F-16s to Congress, Cavusoglu added.

☆ Turkey's foreign minister to discuss F-16s and NATO during U.S. visit
▼ + stars: | 2023-01-18 | by ( Humeyra Pamuk | ) www.reuters.com time to read: +5 min

For its part, Turkey demands Washington not support the Syrian Kurdish militia that it sees as terrorists. Turkey now hopes to buy F-16 jets from the United States, a sale that some top members of Congress oppose despite support from the Biden administration. But recently, Ankara's refusal to ratify NATO membership of Sweden and Finland is emerging as a more central reason in their opposition. The two Nordic states applied for NATO membership last year following Russia's invasion of Ukraine but their bids need approval from all 30 NATO member states. He added he hoped the F-16 deal would not become "hostage" to the NATO memberships of Sweden and Finland.

☆ Millennials are living with their parents at higher rates than past generations, and they're not ashamed
▼ + stars: | 2023-01-17 | by ( Zoe Rosenberg | ) www.businessinsider.com time to read: +11 min

Since 2020 adults aged 25 to 34 are living at home at higher rates than past generations, said the Census Bureau. According to the US Census Bureau, about 18% of men and 12% of women ages 25 to 34 were living with their parents in 2022. Barwig estimates she's saving about $30,000 a year. "I don't really spend a lot of money," she said. She's been able to maintain the job as a mostly remote employee at the Jersey Shore, where her parents live.

☆ Former Bolsonaro Minister Arrested in Probe Over Brazil Riots
▼ + stars: | 2023-01-14 | by ( Patricia Kowsmann | Luciana Magalhaes | ) www.wsj.com time to read: 1 min

BRASÍLIA—The Brazilian official in charge of the capital’s security at the time of Sunday’s riots surrendered to police Saturday morning as judicial authorities investigate what they say are a web of suspects intent on overthrowing President Luiz Inácio Lula da Silva . Anderson Torres, who previously was justice minister under the right-wing government of former President Jair Bolsonaro , arrived in Brasília shortly after 7 a.m. from the U.S., where he had been on vacation since last week.

☆ ConocoPhillips in Talks to Sell Venezuelan Oil in U.S. to Recover Billions It Is Owed
▼ + stars: | 2023-01-13 | by ( Patricia Garip | ) www.wsj.com time to read: 1 min

ConocoPhillips , which abandoned Venezuela after its assets were nationalized in 2007, is now open to a deal to sell the country’s oil in the U.S. as a way to recover the close to $10 billion it is owed by Venezuela, according to people familiar with discussions between the company and Venezuela representatives. In what are preliminary talks between ConocoPhillips and national oil company Petróleos de Venezuela SA, the two sides are looking at a proposal that could allow the Houston-based company to load, transport and sell Venezuela’s oil in the U.S. on behalf of PdVSA, as the state oil company is known. This would give ConocoPhillips a chance to recover the money it lost in the country and help the U.S. meet its energy needs, the people said.

☆ Peru's chief prosecutor launches probes into protest deaths
▼ + stars: | 2023-01-13 | by ( Marco Aquino | ) www.reuters.com time to read: +2 min

[1/3] People walk while carrying the coffin of a person who died in violent clashes earlier this week, ignited by the ouster of leftist President Pedro Castillo, in Juliaca, Peru January 11, 2023. The controversial ouster of leftist former President Pedro Castillo last month triggered the unrest, which has claimed the lives of at least 41 civilians and one police officer. Human rights groups accuse police and soldiers of using excessive force, including live ammunition and dropping tear gas from helicopters, while security forces say protesters, mostly in Peru's southern Andes, have used homemade weapons and explosives against them. Many of the angry and sometimes violent protests have played out in key southern mining regions, but on Thursday thousands marched through the streets of Lima demanding the closure of Congress and Boluarte's resignation. Reporting by Marco Aquino; Editing by David Alire Garcia and Josie KaoOur Standards: The Thomson Reuters Trust Principles.

WASHINGTON, Jan 13 (Reuters) - The Biden administration has notified Congress of the potential sale of F-16 fighter jets to Turkey, sources familiar with the matter said on Friday, sparking an immediate objection from a top U.S. lawmaker who has long opposed the deal. NATO member Turkey requested in October 2021 to buy 40 Lockheed Martin Corp (LMT.N) F-16 fighters and nearly 80 modernization kits for its existing warplanes. The Biden administration has said it supports the sale and has been in touch for months with Congress on an informal basis to win the approval of the lawmakers, however it has failed so far to secure a green light. But a senior U.S. official said he was "doubtful" the administration would be in a position to proceed unless Menendez dropped his objection. The U.S. Congress is also unlikely to approve the sale as long as Turkey refuses to proceed with the ratification of Sweden and Finland's NATO membership.

WASHINGTON, Jan 13 (Reuters) - The Biden administration has told Congress it is preparing the potential $20 billion sale of F-16 fighter jets to Turkey, sources familiar with the matter said on Friday, sparking an immediate objection from a senior U.S. lawmaker who has long opposed the deal. NATO member Turkey requested in October 2021 to buy 40 Lockheed Martin Corp (LMT.N) F-16 fighters and nearly 80 modernization kits for its existing warplanes. The Biden administration has said it supports the sale and has been in touch for months with Congress on an informal basis to win its approval. "As I have repeatedly made clear, I strongly oppose the Biden administration’s proposed sale of new F-16 aircraft to Turkey," Senator Bob Menendez, Democratic chairman of the Senate Foreign Relations Committee, said in a statement. While the sale is still in the informal review process, Congress is also unlikely to approve the sale as long as Turkey refuses to proceed with the ratification of Sweden and Finland's NATO membership.

☆ Brazil Gives Local Officials More Power to Thwart Protests
▼ + stars: | 2023-01-12 | by ( Luciana Magalhaes | Patricia Kowsmann | ) www.wsj.com time to read: 1 min

BRASÍLIA—The Supreme Court on Wednesday extended the powers of local authorities in Brazil to control antigovernment protests, as authorities braced for further turmoil around the country after Sunday’s attacks in the capital. The decision came as prosecutors requested a freeze on the assets of the country’s right-wing former president, Jair Bolsonaro . His successor, Luiz Inácio Lula da Silva , has accused Mr. Bolsonaro of inspiring his supporters to riot in the capital on Sunday. Mr. Bolsonaro hasn’t conceded defeat in the Oct. 30 presidential election, in which Mr. da Silva won 50.9% of the vote.

☆ Revoke Bolsonaro's visa, 41 U.S. Democrats urge Biden administration
▼ + stars: | 2023-01-12 | by ( Patricia Zengerle | ) www.reuters.com time to read: +2 min

They sent a letter calling on the administration to support democracy and the rule of law in Brazil. State Department and White House officials did not immediately respond to a request for comment on the letter. The State Department has said repeatedly its policy is not to discuss specific visa cases. Secretary of State Antony Blinken said on Wednesday that Washington had not received any specific requests from Brazil over Bolsonaro. Bolsonaro has said on social media that he would return to Brazil earlier than planned for medical reasons.

According to the police, a 6-year-old boy at Richneck Elementary School in Virginia used a gun legally purchased by his mother to intentionally shoot his teacher on Friday. Because, research shows that most children who get intervention early for violent behaviors recover. These can help a child develop a strong foundation for thinking things through and foster an openness or motivation to learn. And I certainly don’t want to draw sweeping and overly upbeat conclusions saying that every individual can be rehabilitated. The reportedly intentional shooting of a teacher by a 6-year-old is awful and heartbreaking.

BRASÍLIA—As rioters calling for the ousting of Brazil’s newly elected leftist president ransacked the capital Sunday, many Brazilians wondered whether the country’s right-leaning military would step in and stop the violence. By Sunday evening, they had their answer: Following the orders of President Luiz Inácio Lula da Silva , the army and military police had restored order in the city, despite having many vocal supporters of the right-wing former president, Jair Bolsonaro , in their ranks.

☆ Biden aides find second batch of classified documents at new location, reports say
▼ + stars: | 2023-01-11 | by ( ) www.reuters.com time to read: +3 min

WASHINGTON, Jan 11 (Reuters) - Aides to U.S. President Joe Biden have discovered at least one more batch of classified documents in a location separate from a think tank office he used after serving as vice president, news outlets reported on Wednesday, citing unnamed sources. The NBC News report said the classification level, number and precise location of the additional documents was not immediately clear. The White House did not immediately respond to a request for comment from Reuters. A spokesperson for Senator Marco Rubio, the committee's Republican vice chair, said Rubio and Warner had written to Director of National Intelligence Avril Haines, asking for access to the classified documents. The Justice Department is separately probing Trump's handling of highly sensitive classified documents that he retained at his Florida resort after leaving the White House in January 2021.

☆ Invest like a woman - the non-profit that wants to bridge the gender gap on Wall Street
▼ + stars: | 2023-01-11 | by ( Patricia Martell | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvest like a woman - the non-profit that wants to bridge the gender gap on Wall StreetKatherine Jollon Colsher is the CEO of Girls Who Invest, a non-profit dedicated to increasing the number of women in portfolio management and executive leadership in the investment management industry

☆ New U.S. House creates committee focused on competing with China
▼ + stars: | 2023-01-10 | by ( Patricia Zengerle | ) www.reuters.com time to read: +2 min

The House voted 365 to 65 in favor of a resolution establishing the Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party, which will investigate the issue and make policy recommendations. Democratic Representative Jim McGovern, a co-chair of the Congressional-Executive Commission on China, a grouping of House members and senators which studies China policy, said he would vote to create the select committee despite concerns it might be overly partisan. This will be a bipartisan committee," McCarthy said in remarks urging the House to back the bill. He said the committee would address issues such as bringing jobs back from China to the United States, securing intellectual property and bringing supply chains back to the country. The new committee will be chaired by Republican Representative Mike Gallagher.

Both are legacy issues from Monsanto, which Bayer acquired for more than $60 billion in 2018. Another activist, Elliott, took a 1.1 billion euro stake in Bayer in 2019 but has kept a low profile. The next-generation blood thinner is one of four new drug hopefuls that Bayer said on Tuesday had combined peak sales potential of more than 12 billion euros. That included an improved outlook for kidney drug Kerendia, with potential annual sales now seen at more than 3 billion euros. ($1 = 0.9313 euros)Reporting by Ludwig Burger and Patricia Weiss Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.

☆ Silicon Valley layoffs go from bad to worse
▼ + stars: | 2023-01-09 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +6 min

At Amazon and other tech companies, the second half of last year was marked by hiring freezes, layoffs and other cost-cutting measures at a number of household names in Silicon Valley. Rising interest rates also dried up the easy money tech companies relied on to fuel big bets on future innovations, and cut into their sky-high valuations. While there have been some layoffs recently in the consumer goods sector and hints of more to come elsewhere, the situation in Silicon Valley remains in stark contrast to the economy as a whole. And despite the robust overall labor market, there are growing concerns that tech layoffs could spread elsewhere. In that sense, at least, Silicon Valley may once again be ahead of the curve, but not in the way it wants.

Sam Bankman-Fried built the cryptocurrency exchange FTX on the reputation of his trading firm, Alameda Research LLC. Alameda was applying Wall Street-style wizardry to the crypto world—and outsiders thought it was winning big. But little was known beyond the firm about its trades, which included a lucrative early bet involving bitcoin in Japan. Alameda had no outside investors and didn’t disclose its performance.

☆ Sister Patricia Daly Stood Up to CEOs at Shareholder Meetings
▼ + stars: | 2022-12-30 | by ( James R. Hagerty | ) www.wsj.com time to read: 1 min

At shareholder meetings, she was the stinging nun. For more than four decades, Sister Patricia Daly pursued her chosen vocation: shareholder activist and scourge of corporate CEOs. A member of the Roman Catholic Sisters of St. Dominic congregation of Caldwell, N.J., she worked with religious shareholder groups to prod companies to take action on issues including environmental protection and human trafficking. She matched wits with General Electric Co. then-Chief Executive Jack Welch at a shareholder meeting in 1998, when she urged GE to issue warnings about the risks of eating fish contaminated with polychlorinated biphenyls, or PCBs, from its plants.

Once high-flying mega-cap technology stocks tumbled in 2022, but some investors are willing to bet on Amazon and Alphabet in 2023, a new Delivering Alpha investor survey suggests. Betting on energy Energy stocks rallied in 2022 as the world grappled with supply constraints fueled by the conflict in Ukraine, but some investors aren't giving up on it just yet. When asked which areas they plan to focus on at the beginning of 2023, 41% of respondents highlighted energy stocks. Fundstrat's Tom Lee told CNBC last month that energy stocks can more than double next year even if the market stays flat . As uncertainty lingers, survey respondents also said they plan to look beyond the U.S. in 2023 toward opportunities in emerging markets.

Source: NYSE(Click here to subscribe to the new Delivering Alpha newsletter.) Despite this year's market havoc, investors are feeling fairly optimistic going into 2023, according to a new CNBC Delivering Alpha investor survey. Notably, when asked about their biggest concern for the market, an overwhelming 73% of the participating money managers said it was Fed policy. Zoom In Icon Arrows pointing outwards CNBC Delivering Alpha investor surveyComing in second place was a Chinese invasion of Taiwan. Inflation and the investing environmentAbout four out of five participating money managers predict that inflation will continue to ease in the new year.

☆ Tons of other animals have clitorises — and they can teach us more about human sexuality
▼ + stars: | 2022-12-23 | by ( Paola Rosa-Aquino | ) www.businessinsider.com time to read: +5 min

Many animals have clitorises, a female sex organ, but experts say they're understudied. She said she's seen more interest in this field in recent years, mostly from young female researchers. They found that all female snakes studied have a pair of clitorises — or hemiclitores, a two-part clitoris. Brennan said the fact that snake species have intersex individuals has heightened confusion about the creature's genital organs over the years. Their findings suggest that, like those in human females, the dolphin's clitoris provides pleasure during sex.

☆ These photos show the many ways Christmas is celebrated around the world
▼ + stars: | 2022-12-23 | by ( Natalie Tham | ) www.cnbc.com time to read: +8 min

In a yearly series, CNBC Travel highlights diverse Christmas celebrations around the world. The Gavle goat is moving to a new location this year for the first time in 56 years, according to Visit Gavle, the city's visitor's guide. "He means a lot for us in Gavle, and he's a big part of the Christmas spirit," she said. Teachers, students and parents hold Christmas lanterns made from recycled materials during a campaign for sustainable Christmas celebrations at an elementary school in Quezon City, Philippines. "If I'm in Brazil during Christmas, I take my nephew and niece to a Christmas parade, and we have a blast!

Search resuls for: "Patricia"

25 mentions found