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European stocks are are having a good year so far. While the underperformance has been marginal, the outlook for U.S. stocks is decidedly more muted — Wall Street is still wary of a recession. European stocks are therefore worth a look in the near term, according to Bernstein, which expects more upside for them. Stock picks One of Bernstein's top plays is low leverage stocks, which the bank defines as stocks with a low net debt to equity ratio. Bank of America has a number of European picks with exposure to higher Chinese consumer spending and improving overall demand in light of China's reopening.
Telefonica CEO: Europe has a very ambitious digital plan
  + stars: | 2023-01-18 | 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 EmailTelefonica CEO: Europe has a very ambitious digital planTelefonica boss Jose María Alvarez-Pallete Lopez discusses the outlook for the telecoms industry, Europe's industrial investment strategy and the company's TV and movie-streaming business.
Top business leaders and policymakers discuss the future of jobs
  + stars: | 2023-01-18 | 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 EmailTop business leaders and policymakers discuss the future of jobsModerated by CNBC's Geoff Cutmore, top business leaders discuss at Davos, Switzerland, the impact the green transition, technological advances, demographics and reorganized value chains could have on labor markets. Joining CNBC is José María Álvarez-Pallete, chairman and CEO of Telefonica, Gilbert Fossoun Houngbo, director-general of the ILO, Martin J. Walsh, the Secretary of Labor for the U.S., Pamela Coke-Hamilton, executive director at the ITC, and Saadia Zahidi, managing director at the World Economic Forum.
[The stream is slated to start at 3 a.m. Please refresh the page if you do not see a player above at that time.] Moderated by CNBC's Geoff Cutmore, top business leaders discuss at Davos, Switzerland, the impact the green transition, technological advances, demographics and reorganized value chains could have on labor markets. Joining CNBC is José María Álvarez-Pallete, chairman and CEO of Telefonica, Gilbert Fossoun Houngbo, director-general of the ILO, Martin J. Walsh, the Secretary of Labor for the U.S., Pamela Coke-Hamilton, executive director at the ITC, and Saadia Zahidi, managing director at the World Economic Forum. Subscribe to CNBC on YouTube.
BRUSSELS, Jan 10 (Reuters) - The European Commission wants to ask Big Tech and European Union telecoms providers about their investment outlays and cloud infrastructure plans before tabling legislation that could make the former pay for network costs, a person familiar with the matter said on Tuesday. The Commission plans to launch a public consultation with a lengthy questionnaire next week, although the timing may still change, the person said. It will likely last about 12 weeks before the Commission drafts legislation that EU countries and EU lawmakers will need to thrash out before it can become law. The Commission will ask Big Tech and telecoms what they are investing in, how this will evolve and whether there is an investment gap, the person said. Regulators also want to know about the relationship between Big Tech and telecoms providers.
SAO PAULO, Dec 15 (Reuters) - Shares in Brazilian telecom firm Oi SA (OIBR4.SA) soared on Thursday after it revealed it was exiting bankruptcy protection, marking the closure of a restructuring process that lasted more than six years. Oi filed in June 2016 for Brazil's then-biggest ever bankruptcy protection after running out of time to reorganize operations and restructure a multibillion-dollar debt amid a harsh recession in Latin America's largest economy. After the announcement, common shares in Oi jumped as much as 53% to 0.26 real in morning trading. Analysts at Genial Investimentos said the move was positive for the firm, even though they still thought Oi was financially weakened. Guide Investimentos echoed the concern and noted that despite being postponed several times, the end of the bankruptcy protection was already expected.
Deutsche Telekom (DTEGn.DE), Orange (ORAN.PA), Telefonica (TEF.MC), Telecom Italia (TLIT.MI) call it a fair share contribution, especially as the six largest content providers account for just over half of data internet traffic. The European Commission's industry chief Thierry Breton has said he will launch a consultation in early 2023 before proposing legislation. "We as member states have always considered an open and transparent debate on substance on the 'fair share' topic as of great importance," Austria, Estonia, Finland, Ireland, the Netherlands and Germany, Europe's leading economy, wrote in a joint letter to the Commission. "However, we urge the Commission to further create transparency on its intended timeline, analyses and steps on this topic," they said. Reporting by Foo Yun Chee; editing by Barbara LewisOur Standards: The Thomson Reuters Trust Principles.
Rate shock calls time on funky debt boom
  + stars: | 2022-11-29 | by ( ) www.reuters.com   time to read: +2 min
The Luxembourg-based group’s move portends a shakeout in the once vibrant market for funky debt that has equity-like characteristics. Hybrid debt boomed during the low-rate era, with issuance topping 35 billion euros last year, according to ING. Yet calling bonds now means issuing new securities at a high cost, especially for weaker companies. Some, like Telefonica (TEF.MC), are still issuing, even at a higher cost. If investors demand higher returns to compensate for the risk of extension, the result will be a smaller, more discerning market.
German housing giant Vonovia (VNAn.DE) last week raised 1.5 billion euros ($1.54 billion) amid strong investor demand in primary markets, a bright spark for a beleaguered property sector. Also noteworthy was a 750 million euro hybrid bond sale from Spanish telecoms firm Telefonica (TEF.MC), the first offering of its kind in Europe in two months. There were no hybrid bond deals in June and July, and only one transaction in September before Telefonica's offering. New hybrid bond sales total just over 10 billion euros so far this year, compared with 30 billion euros for the whole of 2021. In the broader market, investment grade corporate issuers have raised 258 billion euros so far this year compared with 322 billion euros in 2021, according to Refinitiv data.
PARIS/STOCKHOLM, Nov 4 (Reuters) - Telecom operators are pushing the European Union to implement new laws that would make Big Tech pay for network costs, following Australia's example, according to four sources close to the matter. "GSMA is coordinating a proposal that speaks to Big Tech contribution to European infrastructure investment," said John Giusti, GSMA's chief regulatory officer, without elaborating on the content of the proposal. Google, Facebook, Netflix, Amazon did not immediately respond to requests for comment. Australia's recently-adopted laws in its own spat with Google and Facebook have emerged as the most-favoured weapon for telecoms operators in their dispute with Big Tech companies, the sources said. The rules, first aimed at compelling tech giants to pay for news content online, allow an Australian government-appointed arbitrator to set fees if Big Tech companies and news publishers fail to find a common ground over copyright.
Morning Bid: Relief, hope and speculation
  + stars: | 2022-11-04 | by ( ) www.reuters.com   time to read: +2 min
A look at the day ahead in European and global markets from Ankur BanerjeeInvestors have been looking for just about any positive sign to pick up beaten down Hong Kong and China stocks. Earlier this week, rumours based on an unverified social media note that China was planning a reopening in March led to a sharp rally. The rumour was shot down almost immediately but investors it seems remain hopeful even as COVID cases in China climb. And in the background lurks the Fed and its hawkish policy, with U.S. payrolls report due on Friday. Economists polled by Reuters expect non-farm payrolls to have increased by 200,000 jobs in October and any upside surprise will embolden the central bank's stance.
European stocks are set for a tepid open on Friday as markets round out a big week for central bank policy decisions and corporate earnings. The pan-European Stoxx 600 index closed 1% lower on Thursday, with the U.K.'s FTSE 100 the outlier among major bourses, closing up 0.6% after the Bank of England implemented a 75 basis point hike to interest rates. The U.S. Federal Reserve also opted for a 75 basis point hike on Wednesday as central banks around the world continue their aggressive tightening in a bid to rein in inflation. Back in Europe, investors will be looking out for final euro zone PMI (purchasing managers' index) readings from the euro zone for indications as to the resilience of economic activity across the 19-member bloc. Corporate earnings season is winding down, but reports before the bell on Friday came from Soc Gen Telefonica, Aker and Intesa Sanpaolo, among others.
WASHINGTON, Oct 31 (Reuters) - The White House will host officials from 37 countries and 13 global companies in Washington this week to address the growing threat of ransomware and other cyber crime, including the illicit use of cryptocurrencies, a senior U.S. official said. The White House hopes the meeting will allow participating countries to "institute a set of cyber norms that are recognized across the globe to counter criminal ransomware threats and hold malicious actors accountable," the official said. One key topic for discussion will be how to disrupt such attacks, counter the illicit movement of cryptocurrencies and build resilience against such attacks, the official said. Top administration officials, including FBI Director Chris Wray, Deputy Treasury Secretary Wally Adeyemo, White House national security adviser Jake Sullivan and Deputy Secretary of State Wendy Sherman will address the meeting. Companies participating include Crowdstrike, Mandiant, Cyber Threat Alliance, Microsoft, Cybersecurity Coalition, Palo Alto, Flexxon, SAP, Institute for Security + Technology, Siemens, Internet 2.0, Tata – TCS, and Telefonica, the White House said.
Michael Bocchieri | Getty ImagesIn Europe, the battle between U.S. Big Tech companies and telecommunications firms has reached fever pitch. In May 2022, EU competition chief Margrethe Vestager said she would look into requiring Big Tech firms to pay for network costs. In South Korea, companies have similarly lobbied politicians to force "over-the-top" players like YouTube and Netflix to pay for network access. Tech companies, naturally, don't think they should pay for the privilege of sending their traffic to consumers. There's also the matter of why internet users pay their providers in the first place.
Brazil's Telefonica third-quarter profit up more than 9%
  + stars: | 2022-10-25 | by ( ) www.reuters.com   time to read: +1 min
SAO PAULO, Oct 25 (Reuters) - Telefonica Brasil (VIVT3.SA) posted a wider third-quarter net profit on Friday, up 9.3% compared to the same quarter last year, with gains in part due to strong revenue growth in its mobile unit. The company's net income totaled 1.436 billion reais ($270.15 million) during the July through September period, according to a filing with the Brazilian stock exchange. The firm is a unit of Spain's Telefonica (TEF.MC) and operates in Brazil under the Vivo brand. Recurring earnings before interest, taxes, depreciation and amortization came in at 4.957 billion reais. ($1 = 5.3156 reais)Reporting by Peter Frontini and Carolina Pulice; Editing by David Alire Garcia and David GregorioOur Standards: The Thomson Reuters Trust Principles.
Smartphone with Netflix logo is placed on a keyboard in this illustration taken April 19, 2022. REUTERS/Dado RuvicAMSTERDAM, Oct 11 (Reuters) - A group of European telecom regulators does not support the idea of having big tech firms such as Google and Netflix paying for telecommunications infrastructure, it said in initial findings published on Tuesday. However, digital rights groups fear that if the big tech firms fund infrastructure, they will also strike deals with telecom firms to give their own traffic preferential treatment, undermining the principle of net neutrality. In a reaction to the BEREC findings, telecom lobby group ETNO - the European Telecommunications Network Operators, which represents Deutsche Telekom, Orange Group, Telefonica and others - rejected the BEREC findings as outdated and said it would submit new evidence to the Commission to support its position. EU industry chief Thierry Breton has said the European Union will review the matter early in 2023.
FILE PHOTO: The logo for Google LLC is seen at the Google Store Chelsea in Manhattan, New York City, U.S., November 17, 2021. REUTERS/Andrew Kelly/BRUSSELS, Sept 26 (Reuters) - Alphabet (GOOGL.O) unit Google on Monday rebuffed a push by European telecoms operators to get Big Tech to help fund network costs, saying it was a 10-year-old idea that was bad for consumers and that the company was already investing millions in internet infrastructure. Register now for FREE unlimited access to Reuters.com RegisterThe idea, floated more than 10 years ago, could disrupt Europe's net neutrality or open internet access, Brittin said. "In 2021, we invested over 23 billion euros in capital expenditure - much of which is infrastructure," Brittin said. Register now for FREE unlimited access to Reuters.com RegisterReporting by Foo Yun Chee; Editing by Alex RichardsonOur Standards: The Thomson Reuters Trust Principles.
REUTERS/Wolfgang Rattay/BRUSSELS, Sept 26 (Reuters) - Deutsche Telekom (DTEGn.DE), Orange (ORAN.PA), Telefonica (TEF.MC) and 13 other European telecoms providers on Monday made their strongest push for Big Tech to share network costs, citing the energy crisis and EU climate change goals. Register now for FREE unlimited access to Reuters.com Register"Costs of planning and construction works are increasing. Similarly, the hikes in energy prices and in the prices of other inputs are also hitting the connectivity sector," they said. Big Tech has rebuffed such requests, saying they are already investing in equipment and technologies to deliver content more efficiently. ($1 = 1.0301 euros)Register now for FREE unlimited access to Reuters.com RegisterReporting by Foo Yun Chee;Editing by Elaine HardcastleOur Standards: The Thomson Reuters Trust Principles.
TIM, Vivo, Claro seek $606 mln Brazil Oi deal haircut
  + stars: | 2022-09-19 | by ( David French | ) www.reuters.com   time to read: +1 min
A logo of the mobile phone network company Claro is seen in Bogota, Colombia December 12, 2019. REUTERS/Luisa GonzalezSAO PAULO, Sept 19 (Reuters) - TIM SA (TIMS3.SA), Telefonica Brasil (VIVT3.SA) and Claro have asked that the price of their deal to buy rival telecom Oi SA's (OIBR4.SA) mobile operations in Brazil be lowered by 3.2 billion reais ($605.05 million), securities filings showed on Monday. Telecom Italia's TIM (TLIT.MI), America Movil's Claro (AMXL.MX) and Telefonica's Vivo had agreed to acquire Oi's mobile operations in an auction in late 2020 with a joint bid of about 16 billion reais. However, post-deal analysis showed the need for an adjusted closing price, TIM said in a securities filing, citing divergences in working capital, capital expenditure and net adds data that were seen in documents available only after closing. ($1 = 5.2888 reais)Register now for FREE unlimited access to Reuters.com RegisterReporting by Gabriel Araujo; Editing by Christian PlumbOur Standards: The Thomson Reuters Trust Principles.
Zborurile au fost stopate după ce un avion Metrojet cu turişti ruşi la bord, care reveneau de la Sharm el-Sheikh la Sankt-Petersburg, s-a prăbuşit în peninsula Sinai în octombrie 2015. Rusia a concluzionat că avionul a fost distrus de o bombă plasată la bordul aeronavei. O grupare afiliată organizaţiei jihadiste Stat Islamic a revendicat atentatul, scrie Agerpres.ro. Decretul lui Putin de ridicare a interdicţiei va fi o 'gură de oxigen' pentru staţiunile egiptene Sharm el-Sheikh şi Hurghada, care în trecut atrăgeau un mare număr de turişti ruşi. Reluarea tuturor zborurilor între cele două ţări a fost convenită în aprilie, într-o discuţie telefonică între preşedintele rus Vladimir Putin şi omologul său egiptean Abdel Fattah al-Sisi, informa la acea vreme preşedinţia de la Cairo.
Persons: Sheikh, Putin, Vladimir Putin, Abdel Fattah, Sisi Organizations: Sharm Locations: Sankt - Petersburg, Sinai, Rusia, Cairo
Sursa foto: ProfimediaPutin permite reluarea zborurilor charter între Egipt și Rusia, suspendate după ce un avion a explodat în zborVladimir Putin a anunțat că Rusia va ridica interdicția pusă pe cursele charter din Egipt, joi, la șase ani de la suspendarea lor din motive de securitate națională, în urma prăbușirii unui avion deasupra peninsulei Sinai în Octombrie 2015, soldată cu 224 de morți, relatează Digi24. Ridicarea interdicției va duce la o revitalizare a turismului în Sharm el-Sheikh și Hurghada, care vor atrage din nou un număr mare de turiști ruși. Rusia și Egiptul s-au pus de acord ca toate zborurile să fie reluate după o conversație telefonică, în aprilie, în Putin și președintele egiptean Abdel Fattah-al Sisi. Cursele charter din Egipt au fost suspendate de Rusia după ce o cursă Metrojet Sharm el-Sheikh-Sankt Petersburg s-a prăbușit în 2015. Investigațiile Rusiei au concluzionat că aeronava s-a prăbușit după ce o bombă a explodat la bordul ei.
Persons: Putin, Vladimir Putin, Sheikh, Abdel Fattah, Sisi ., ISIS Organizations: Rusia Locations: Egipt, Rusia, Sinai, Egiptul, Sankt Petersburg
Potrivit ofițerei de presă a IP Hîncești, la 1 iulie 2021, în Serviciul de Gardă al Hîncești a parvenit o înștiințare telefonică precum că într-o localitate din raionul Hîncești a avut loc o tentativă de viol cu implicarea unei minore, în vârstă de 17 ani. Pe acest caz a fost inițiată o anchetă pentru stabilirea tuturor circumstanțelor. Cazul este în gestiunea procuraturii raionului Hîncești.
Locations: Hîncești
Keystone Moldova, administrează și gestionează Serviciul de asistență telefonică gratuită pentru persoane cu dizabilități (SATGPD) în baza contractului cu Ministerul Sănătății, Muncii și Protecției sociale al R. Moldova nr. SATGPD 080010808 este un serviciu național care are drept scop prevenirea și reducerea situațiilor de încălcare a drepturilor persoanelor cu dizabilități. Cerințele față de postul vacant sunt descrise în Termenii de referință, pe care le accesați la următorul linkTermenul limită de depunere a CV-ului, 11 iulie 2021 (inclusiv). Persoanele interesante sunt încurajate să expedieze CV-ul care v-a conține și datele de contact a 2 persoane de referință la adresa de email: khsima@khs.orgPentru detalii suplimentare despre poziția vacantă ne puteți contacta la adresa de email: dtudos@khs.org sau la numărul de telefon 0794 21 888. Mai multă informații despre domeniile de activitate ale organizației găsiți pe https://www.keystonemoldova.md/ro/.
Organizations: Keystone, Ministerul Sănătății, Muncii Locations: Keystone Moldova, Moldova, 31.12.2020
Pompierii londonezi au anunțat că trei spații comerciale din zonă au ars complet, ca și patru mașini din apropiere și o cabină telefonică. Deocamdată nu este cunoscută cauza exploziei, dar Poliția britanică, Scotland Yard, a ul nu pare să fie cauzat de un atentat terorist”. O sală de spectacole din zonă și-a deschis porțile pentru locuitorii din zonă care nu pot ajunge acasă din cauza fumului dens, transmite The Sun.
Organizations: londonezi, Poliția, Scotland, Sun Locations: Poliția britanică
(video) Incendiu de proporții lângă o stație de metrou din Londra. 70 de pompieri se află la fața loculuiPompierii din Londra sting un incendiu de proporții din fața stației de metrou Elephant & Castle, unde au luat foc clădirile comerciale, mașinile și o cabină telefonică. „Trei proprietăți comerciale de sub arcurile căii ferate sunt complet incendiate, precum și patru mașini și o cabină telefonică lângă gara de metrou Elephant and Castle. Drumurile sunt închise și oamenii sunt sfătuiți să evite vizitarea zonei și să țină ferestrele și ușile închise”, a menționat serviciul antiincendiu din Londra într-o postare pe Twitter. Three commercial units underneath the railway arches are completely alight and four cars and a telephone box are also alight near #ElephantandCastle Railway Station.
Persons: June Organizations: Railway Station, Road Locations: Londra, Castle
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