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‘Living on top of each other’Mission Antarctica: Each year, the UK Antarctic Heritage Trust sends a crack team to run one of the world's most remote post offices. UK Antarctic Heritage Trust Shovel your way in: It was a tough start. UK Antarctic Heritage Trust Food reserves: Unsurprisingly, fresh food is in short supply, other than what comes their way via visiting cruise ships. UK Antarctic Heritage Trust Kitted out: Those sunglasses are crucial if you don't want to risk snow blindness. UK Antarctic Heritage Trust The post office at the end of the world Prev NextThe chosen candidates beat out odds of one in a thousand – but this is not a cozy posting.

Persons: They’d, Clare Ballantyne, it’s, Ballantyne, Lucy Bruzzone, Mairi Hilton, Natalie Corbett, Camilla Nichol, Nichol, “, ”, Vicky Inglis, ‘ Cheeriness, Cheeriness, They’ll, aren’t, Says Nichol Organizations: CNN, Britain’s Royal Navy, Port, Antarctic Heritage Trust, Base, Antarctic Heritage Trust Food, Antarctic Heritage, British Antarctic Survey, International Association of Antarctica Locations: there’s, Antarctica, Inglis, Montreal, Antarctic

☆ A third of young men in Germany think violence against women is ‘acceptable,’ study finds
▼ + stars: | 2023-06-11 | by ( Sophie Tanno | ) edition.cnn.com time to read: +2 min

CNN —A third of young men in Germany find it acceptable to use violence against women, according to a new survey which has caused outrage among gender equality campaigners. The survey was commissioned by children’s charity Plan International Germany. A group of 1,000 men and 1,000 women aged 18-35 from across Germany were asked to give their views on masculinity for the study, which was carried out online. The survey also found that expectations within a relationship differed greatly between men and women. A German group called the Federal Organization for Equality wrote on Twitter that the findings were “shocking.”“According to a survey by Plan International Germany, every third young man finds violence against women ‘acceptable’.

Persons: –, ” Karsten Kassner Organizations: CNN, Westdeutsche Allgemeine Zeitung, Federal Organization, Equality, Twitter, Plan International Germany, Federal, Federal Criminal Police Locations: Germany, femicide, Europe

☆ $144 billion Man Group is teaching non-tech workers coding and data-science skills that are saving them hours of manual work
▼ + stars: | 2023-05-16 | by ( Bianca Chan | ) www.businessinsider.com time to read: +6 min

Man Group's <develop> program is growing in popularity among non-tech workers. That's the thinking behind Man Group's technology upskilling program, <develop>, which has served as the $144 billion investment firm's answer to a tight tech-labor market. "The level of demand for software engineers outstripped the number of qualified engineers entering the workforce each year," Lara Carty, Man Group's chief people officer, told Insider. It's also spanned a variety of backgrounds, from workers on the trading desk to communications and public-relations employees, Carty said. There's classroom-based learning led by about a dozen of Man Group's top engineers with a mentorship aspect.

☆ Thanks for the memories (and money) index-rebalance strategies
▼ + stars: | 2023-05-12 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +4 min

A man pauses outside of the New York Stock Exchange (NYSE) on January 15, 2016 in New York City. Index-rebalance strategies, the talk of the town just a few short years ago, are seemingly on their last legs these days. What doomed the index-rebalance strategy is a tale as old as time on Wall Street. Times are tough now, but as Alex notes in his story, not everyone is completely giving up on the strategy. And while we're talking Man Group, here's a rundown on a program meant to help non-tech workers learn data-science skills to help streamline their jobs.

REUTERS/Sarah MeyssonnierTOKYO, May 9 (Reuters) - Two major European asset managers have jointly filed a shareholder resolution at Japanese electricity generator Electric Power Development Co Ltd (9513.T), known as J-Power, for the second consecutive year in a row. The asset managers are calling on J-Power, Japan's largest operator of coal-fired power stations, to set and disclose credible short and medium-term emissions reduction targets, aligned with the goals of the Paris Agreement. The resolution is supported by Man Group (EMG.L), the world's largest publicly traded hedge fund, ACCR said. Amundi, Man Group, and HSBC Asset Management have nearly $3 trillion in assets combined under management. J-Power will "carefully consider" proposals and disclose its board of directors' opinions "as soon as they are determined", the company said on Tuesday.

[1/2] A logo of Amundi is seen outside the company headquarters in Paris, France, February 3, 2023. Amundi (AMUN.PA) and HSBC Asset Management filed the resolution with the Australasian Centre for Corporate Responsibility (ACCR), the non-profit climate group said in a statement on Tuesday. The resolution is supported by Man Group (EMG.L), the world's largest publicly traded hedge fund, ACCR said. Amundi, Man Group, and HSBC Asset Management have nearly $3 trillion in assets combined under management. Last year, Man, Amundi and HSBC filed a similar shareholder resolution, which they say was the first climate-related proposals by an institutional investor group to a Japanese firm.

☆ $144 billion investment firm Man Group is supercharging non-tech workers with Python and data-science skills. Here's a look inside the popular program helping employees save time.
▼ + stars: | 2023-05-08 | by ( Bianca Chan | ) www.businessinsider.com time to read: +6 min

☆ Wall Street is empowering its employees to build their own tech tools. But who is keeping track of all this stuff?
▼ + stars: | 2023-05-08 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

A story about training non-tech workers that has nothing to do with ChatGPT? Man Group, a $144 billion investment firm, has a popular training program to get non-tech workers up to speed on coding and data-science. Programs like <develop>, along with the rise of ChatGPT, speak to a wider trend across Wall Street of enabling employees to build their own tools despite not having a background in tech. Empowering people to build their own tools and apps to streamline their work seems great on paper. Read more about how Man Group teaches non-tech workers programming skills that help them save time.

☆ Student-loan borrowers who combined their balances with a spouse just got new guidance on separating their loans. Here's what you need to know.
▼ + stars: | 2023-05-05 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

Last year, a bill to allow student-loan borrowers to separate balances from a spouse was signed into law. In September, the Joint Consolidation Loan Separation Act of 2021 was signed into law, which allowed borrowers in the spousal joint consolidation loan program to separate their combined balances. On Friday, the Federal Student Aid website posted new guidance detailing the process for borrowers to go about separating their balances. A separate application: This application option would allow just one of the coborrowers to apply for separation of the balances, regardless of what the other coborrower decides. According to FSA, borrowers with direct joint consolidation loans will receive those adjustments when they become available, and separation of loans is not necessary to receive those benefits.

The hedge funds said they can share ideas, but cannot reveal their trading positions for regulatory reasons. Reddy said he preferred senior unsecured bank debt, that allowed bondholders payment ahead of some other creditors in the event of an insolvency. Taking bearish positions on banks that lend to smaller and medium sized firms could prove opportunistic if the economy weakens, he added. Trend-wise the Japanese yen should continue to weaken," said Chua, noting that central banks in Asia have slowed or paused rate hikes. Insurers, which holds commercial mortgage-backed securities and property, will likely feel pressures on CRE, he said.

☆ VW's Skoda aims for six electric vehicle models by 2026
▼ + stars: | 2023-04-26 | by ( ) www.reuters.com time to read: 1 min

PRAGUE, April 26 (Reuters) - Czech carmaker Skoda Auto, part of German group Volkswagen (VOWG_p.DE), wants to expand its electric vehicle range to six models by 2026, the company said, further boosting its ambitions in the shift to e-mobility. The company had previously aimed to launch three new electric models but said in a Tuesday evening release it will launch four new e-vehicles and two updated models in the coming years. The launches fall under Skoda's 5.6 billion euro ($6.16 billion) investment plan into e-mobility by 2027. ($1 = 0.9086 euros)Reporting by Jason Hovet, Editing by Louise HeavensOur Standards: The Thomson Reuters Trust Principles.

☆ Vonovia to sell 1 bln eur stake in residential portfolio to Apollo
▼ + stars: | 2023-04-26 | by ( ) www.reuters.com time to read: +1 min

BERLIN, April 26 (Reuters) - Vonovia (VNAn.DE) has agreed to sell a minority stake in its Suedewo residential portfolio to U.S. investor Apollo for 1 billion euros ($1.10 billion), Germany's largest real estate group said on Thursday. The transaction could have a signal effect on the struggling German real estate market, where hardly any major sales have occurred in recent months in the face of high interest rates and falling real estate prices. The transaction values the Suedewo portfolio in the southwestern state of Baden-Wuerttemberg at 3.3 billion euros, which is a discount of less than 5% to Suedewo's fair value as of December 31, Vonovia said. With the proceeds, Vonovia will generate around half of the targeted 2 billion euros in free cash flow from asset sales. To secure access to capital amidst the property market crisis, the group earmarked properties worth 13 billion euros for sale in the summer.

☆ Expect fixed income volatility during debt ceiling talks, says Neuberger's Joe Amato
▼ + stars: | 2023-04-26 | 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 EmailExpect fixed income volatility during debt ceiling talks, says Neuberger's Joe AmatoJoe Amato, Neuberger Berman Group CIO, joins 'Closing Bell: Overtime' to discuss earnings season, market outlook and the approaching debt ceiling.

☆ German $13 bln heat pump sale dents EU green hopes
▼ + stars: | 2023-04-26 | by ( Pamela Barbaglia | ) www.reuters.com time to read: +4 min

For 106-year-old German heat pump maker Viessmann it looks like an odd move, given its technology is in demand and at the forefront of the energy transition race. Heat pumps may not be the most obvious sector to lead a revival in transatlantic cross-border M&A, down 31% so far this year. The European heat pump market rose by over a third last year, with a record 3 million units sold in 2022 after government support and soaring fossil fuel prices boosted uptake of the technology, according to the European Heat Pump Association. European Union policymakers are betting on heat pumps to reduce CO2 emissions and cut dependence on imported fossil fuels. Germany’s heat pump market grew 53% in 2022, Germany’s heat pump association BWP reported in January.

☆ Credit Agricole and Worldline plan French payments business
▼ + stars: | 2023-04-19 | by ( ) www.reuters.com time to read: +1 min

PARIS, April 19 (Reuters) - Credit Agricole (CAGR.PA) and payment services company Worldline (WLN.PA) have begun exclusive talks to set up a joint venture to provide payment services to businesses and their customers, they said on Wednesday. The joint-venture, slated to be fully operational by 2025, would be majority owned by Worldline and fully consolidated in the payments company's accounts, they said. It will involve an investment of 80 million euros, shared equally between Worldline and Credit Agricole, they said. Credit Agricole has a target to increase sales stemming from payments by 20% by 2025. The French bank previously had a "strategic partnership" focused on payments with German group Wirecard, which filed for insolvency in 2020.

☆ Here's why the world's biggest publicly traded hedge fund is cautious on stocks right now
▼ + stars: | 2023-04-07 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +2 min

Man Group's Mark Jones says he's cautious on the stock market right now. Stocks are facing deteriorating fundamentals, the Deputy CEO said on a recent podcast. "I think the risk-reward in equities is very, very tough at the moment," he said. Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox. The first reason to be cautious is stock fundamentals will likely deteriorate, Jones says, adding there's potential for further cuts in company earnings expectations.

☆ DeSantis gets support from some on Wall Street, but Trump looms large in their concerns
▼ + stars: | 2023-04-03 | by ( Brian Schwartz | ) www.cnbc.com time to read: +5 min

Ron DeSantis, according to people familiar with the conversations. "I think most people favor DeSantis over Trump but it's unclear that [DeSantis] can win," a Wall Street donor strategist told CNBC. Peterffy has even donated more than $360,000 to a pro-DeSantis political action committee called Friends of Ron DeSantis. DiLella has donated at least $80,000 to the Friends of Ron DeSantis PAC, according to state records. Gerson donated $3,000 to DeSantis' 2018 campaign for governor and just over $100,000 to the Friends of Ron DeSantis PAC between 2018 and 2022, according to state records.

LONDON, March 31 (Reuters) - Britain's digital banks will need support over the next few weeks and months to help them cope with the market fallout from the collapse of Silicon Valley Bank, a trade body representing UK fintechs said on Friday. A neobank, or digital bank, is a bank whose services are accessed via an app or website as opposed to having physical branches. He said that challenger banks - lenders which are usually smaller and newer than the big high-street banks - in Britain could be at risk. Hirt said that Innovate Finance has been offering "close support" to challenger banks to help them navigate the "turbulence" in the sector. BoE governor Andrew Bailey told lawmakers this week that the central bank was on alert amid the global turmoil, but added that Britain was not experiencing stress linked to the demise of Silicon Valley Bank.

Macro and trend-following hedge funds dropped 3.2% this month through March 29, while algorithmic commodity trading advisor funds (CTAs) dove 6.8%. Hedge fund strategies based around macroeconomic ideas like those run by Rokos, DG Parters and EDL Capital fund posted negative performances in March, sources and bank data said. Trend-following hedge funds, which trade on systematically programmed ideas, also posted big losses. The bank decided not to change clients' borrowing limits, but it has increased diligence oversight on the hedge fund exposure, including new clients, the broker said. Trend-following funds tend to bail quickly on trades that stop working, said a pension fund director who invests in hedge funds.

☆ Watch CNBC's full interview with Man Group CEO Luke Ellis
▼ + stars: | 2023-03-29 | 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 full interview with Man Group CEO Luke EllisLuke Ellis, Man Group CEO, joins 'Squawk Box' to discuss why the October lows will eventually be broken, why the banking situation is still ongoing, and more.

☆ Regional banks will suffer from regulation similar to large banks: Man Group CEO
▼ + stars: | 2023-03-29 | 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 EmailRegional banks will suffer from regulation similar to large banks: Man Group CEOLuke Ellis, Man Group CEO, joins 'Squawk Box' to discuss why the October lows will eventually be broken, why the banking situation is still ongoing, and more.

☆ Recessions, bank failures, and stagnant stock returns - experts see a new, difficult era dawning for markets
▼ + stars: | 2023-03-25 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +6 min

Wall Street experts see a new era ahead for markets, marked by a more difficult investing environment. Central bankers have already raised interest rates over 1,700% over the last year to quell high prices. Despite the volatility in bank stocks, Fed officials raised interest rates another 25 basis-points this week, bringing the effective Fed funds rate to 4.75-5%. That's the highest interest rates have been since 2007, and the impact of SVB's collapse is likely equivalent to another 50-75 basis points in rate hikes, Moody's chief economist Mark Zandi estimated, meaning real interest rates are even more restrictive. Some experts have argued that SVB's collapse was due to the bank's uniquely high exposure to bonds, which have been weighed down heavily by rising interest rates.

Fed Chairman Jerome Powell sought to reassure investors about the soundness of the banking system, saying that the management of Silicon Valley Bank "failed badly," but that the bank's collapse did not indicate wider weaknesses in the banking system. "These are not weaknesses that are running broadly through the banking system," he said, adding that the takeover of Credit Suisse seemed to have been a positive outcome. The Federal Open Market Committee policy statement also said the U.S. banking system is "sound and resilient." The much-anticipated rate cut by the Fed, which had delivered eight previous rate hikes in the past year, sought to balance the risk of rampant inflation with the threat of instability in the banking system. The banking sector has been in turmoil after California regulators on March 10 closed Silicon Valley Bank in the largest U.S. bank failure since the 2008 financial crisis.

The latest move to restore calm to restive regional bank stocks came as Pacific Western Bank (PACW.O), one of the regional lenders caught up in the market volatility, said it had raised $1.4 billion from investment firm Atlas SP Partners. While that deal brought some respite to battered banking stocks, First Republic (FRC.N) remains firmly in the spotlight. For now, the rescue of Credit Suisse appears to have calmed the worst fears of systemic contagion, boosting shares of European banks (.SX7P) and U.S. lenders (.SPXBK). Reuters Graphics Reuters Graphics'HEAD IN SAND'The wipeout of Credit Suisse's Additional Tier-1 (AT1) bondholders has sent shockwaves through bank debt markets. Seeking to boost confidence among investors rattled by its $3 billion Credit Suisse rescue, UBS said on Wednesday it would buy back 2.75 billion euros ($2.96 billion) worth of debt it issued less than week ago.

March 22 (Reuters) - U.S. authorities are set to explore ways to bolster financial stability, along with steps to tackle the problems facing First Republic Bank, as central banks assess whether turmoil in banking makes interest rate rises less pressing. SVB's collapse kicked off a tumultuous 10 days for banks which led to the 3 billion Swiss franc ($3.2 billion) Swiss engineered takeover of Credit Suisse by rival UBS (UBSG.S). While that deal brought some respite to battered banking stocks, U.S. lender First Republic (FRC.N) remains firmly in the spotlight. Reuters Graphics Reuters Graphics'HEAD IN SAND'The wipeout of Credit Suisse's Additional Tier-1 (AT1) bondholders has sent shockwaves through bank debt markets. For now, the Swiss bank rescue appears to have assuaged the worst fears of systemic contagion, boosting shares of European banks (.SX7P) and U.S. lenders (.SPXBK).

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