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☆ IBM tops revenue estimates, says it will cut 3,900 jobs
▼ + stars: | 2023-01-25 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

IBM reported quarterly revenue on Wednesday that topped analysts' estimates, driven by higher-than-expected growth in the company's software and infrastructure segments. Here's how the company did:Earnings: $3.60 per share, adjusted, vs. $3.60 per share as expected by analysts, according to Refinitiv. $3.60 per share, adjusted, vs. $3.60 per share as expected by analysts, according to Refinitiv. Revenue: $16.69 billion, vs. $16.4 billion as expected by analysts, according to Refinitiv. With respect to guidance, IBM called for 2023 revenue growth in constant currency and around $10.5 billion in free cash flow.

☆ UK's De La Rue flags 'implicated' activities in India probe
▼ + stars: | 2023-01-20 | by ( ) www.reuters.com time to read: +2 min

[1/2] The corporate logo of De La Rue is seen at De La Rue Malta at Bulebel Industrial Estate in Zejtun, Malta April 24, 2018. REUTERS/Darrin Zammit Lupi/File PhotoJan 20 (Reuters) - Banknote printer De La Rue (DLAR.L) said on Friday it had learnt that activities by the group in India prior to 2016 have been implicated in a probe by a top Indian investigation agency. De La Rue said in a statement the allegations relating to the group had no merit and it was seeking legal advice, but declined to comment further on the nature of the charges. The company confirmed it had supplied security threads for banknotes in India prior to 2016. "The company continues to explore further business opportunities, both in Kenya and for export from Kenya, with a view to restarting production if the economic climate permits," De La Rue said.

☆ Tesla driver who plunged his family off California cliff did so on purpose, officials say
▼ + stars: | 2023-01-04 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Phil-Helsel-Circle-Byline-Template.Jpg | Phil Helsel | ) www.nbcnews.com time to read: +2 min

A California man intentionally drove a Tesla off a 250-foot cliff in an attempt to kill himself and his family, officials said Tuesday. The driver and his wife and children survived and were rescued Monday at Devil's Slide in San Mateo County, the California Highway Patrol said. Four people were rescued after a Tesla plunged over a cliff in Calif., on Monday. Brian Pottenger, incident commander for the California Department of Forestry and Fire Protection, said that witnesses called 911 after the crash around 10:50 a.m. The car was traveling south on State Route 1 when it went over the cliff at Devil’s Slide, south of the Tom Lantos Tunnels, and landed near the water’s edge, the fire department said.

☆ IBM beat all its large-cap tech peers in 2022 as investors shunned growth for safety
▼ + stars: | 2022-12-27 | by ( Jordan Novet | ) www.cnbc.com time to read: +6 min

But in a year that saw investors abandon all major tech stocks, Big Blue was in the green. High gas prices, soaring inflation and the Federal Reserve's steady pace of rate increases have punished growth stocks and favored more mature, less volatile names that are viewed as more recession-resistant. Among U.S. tech companies valued at $50 billion or more, IBM was one of only two to generate positive returns in 2022. IBM beats Big Tech in 2022 CNBCIBM is "trading well above its historical range," Bernstein Research analysts wrote in a Dec. 20 note to clients. IBM's model through 2024 calls for mid-single-digit revenue growth, translating into free cash flow growth in the high single digits.

☆ Mike Sievert of T-Mobile is the CNN Business CEO of the Year
▼ + stars: | 2022-12-26 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +8 min

T-Mobile’s solid performance on Wall Street was one big reason why CEO Mike Sievert is the CNN Business pick for CEO of the Year. CNN Business spoke to Sievert about how T-Mobile has continued to perform well in a super competitive business. T-Mobile CEO Mike Sievert talks to employees at a 2022 company event. That has led to higher expenses, but Sievert said T-Mobile is less worried about inflation than other consumer firms. Prepared for more competitionSievert, who has been with T-Mobile since 2012, took over as CEO in 2020 from long-time CEO John Legere.

Exports, which constitute about 22% of the industry, have fallen for five months in a row - declining over 15% year-on-year in November to $3.1 billion. Domestic sales are sluggish despite strong growth in the overall economy because of high costs and cheap imported garments, manufacturers say. Reuters GraphicsIn the textile industry, manufacturers say higher domestic cotton prices and other costs have hit profit margins, while overseas orders for next summer are down by about one-third and domestic demand remains weak. "The government needs to scrap the 11% import duty on cotton so local textile mills can have a level playing field," Ganatra said. Reuters GraphicsFEAR OF JOB CUTSMany textile manufacturers, who have frozen hiring of workers, have warned of jobs cuts if the government fails to provide relief soon.

☆ Technology is a deflationary answer to today's macro struggles, says IBM CEO Arvind Krishna
▼ + stars: | 2022-11-16 | 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 EmailTechnology is a deflationary answer to today's macro struggles, says IBM CEO Arvind KrishnaIBM CEO Arvind Krishna joins 'TechCheck' to discuss the macro strains that are leading to volatility, the role technological innovation has in fighting inflation and intellectual property concerns in China.

☆ India's Delhi shuts primary schools as air quality deteriorates
▼ + stars: | 2022-11-04 | by ( ) www.reuters.com time to read: +2 min

NEW DELHI, Nov 4 (Reuters) - Primary schools in India's New Delhi will be shut from Saturday and restriction on road traffic will be considered, Chief Minister Arvind Kejriwal said on Friday as the capital continued to be engulfed by high levels of air pollution. "We're shutting down all primary schools in Delhi from tomorrow ... Also shutting down outdoor activities for all classes above class 5," Kejriwal told a press conference. The decision to shut some schools came after concerned parents and environmentalists took to social media, urging the authorities to consider the impact of pollution on children. District officials in Noida, a satellite city of New Delhi, on Thursday directed all schools to conduct online classes for students up to the eighth grade. India's federal pollution control board on Thursday evening banned the entry of diesel trucks carrying non-essential goods into the capital.

☆ New Delhi wrestles with 'hazardous' air pollution, primary schools shut
▼ + stars: | 2022-11-04 | by ( Tanvi Mehta | Ian Ransom | ) www.reuters.com time to read: +3 min

NEW DELHI, Nov 4 (Reuters) - Authorities in New Delhi ordered primary schools to shut from Saturday, and told schools to stop outdoor activities for older children as air in the world's most polluted capital had become a severe risk to health. The chart below shows the daily maximum PM 2.5 concentration at the U.S. Embassy New Delhi since 2015. Delhi environment minister Gopal Rai said going forward 50% of Delhi government employees would be told to work from home, and he urged private firms to take similar steps. School girls walk towards a school as they reopened after remaining closed for nearly 15 days due to a spike in air pollution, on a smoggy morning in New Delhi, India, November 29, 2021. According to data compiled by the Swiss group IQAir, New Delhi has been the world's most polluted capital for the past four years.

☆ India's Aam Aadmi party set for big gains in Modi's home state
▼ + stars: | 2022-11-04 | by ( Sumit Khanna | ) www.reuters.com time to read: +3 min

SURAT, India, Nov 4 (Reuters) - India's Aam Aadmi Party (AAP), formed only a decade ago and having claimed power in Delhi and Punjab state, is set to be the biggest gainer in assembly elections in Prime Minister Narendra Modi's home state of Gujarat next month. AAP boss and Delhi Chief Minister Arvind Kejriwal is known to have national ambitions. "Ninety-nine per cent I am going to vote for Aam Adam Party," said diamond worker Bharat Patel. "It looks like the surge of the Aam Aadmi Party is not going down," Yashwant Deshmukh, founder of polling agency CVoter, told Reuters. With pictures of Modi, the ruling party is underlining the advantages of having a BJP government at the state and nationally.

☆ Delhi's air a 'crime against humanity', spurs calls to close schools
▼ + stars: | 2022-11-03 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Adnan Abidi/File PhotoNEW DELHI, Nov 3 (Reuters) - Delhi's 20 million residents were effectively breathing smoke on Thursday as the air quality index (AQI) breached the "severe" and "hazardous" categories in nearly all monitoring stations of the Indian capital, raising calls to close schools. The AQI exceeded 450 at many places early in the day, according to data from the Central Pollution Control Board. The index was over 800 in some pockets of the city, according to data from the Delhi Pollution Control Committee. "What is happening with air pollution in Delhi is nothing short of a crime against humanity!" "I know children don’t vote for you, but still, requesting all the chief ministers of Delhi (capital region) to immediately SHUTDOWN all the schools," environmental activist Vimlendu Jha wrote on Twitter.

☆ Delhi's air branded 'hazardous', spurs calls to close schools
▼ + stars: | 2022-11-03 | by ( ) www.reuters.com time to read: +2 min

NEW DELHI, Nov 3 (Reuters) - Delhi's 20 million residents were effectively breathing smoke on Thursday as the air quality index (AQI) breached the "severe" and "hazardous" categories in nearly all monitoring stations of the Indian capital, spurring calls to close schools. The AQI exceeded 450 in many places early in the day, according to data from the Central Pollution Control Board. The index exceeded 800 in some pockets of the city, according Delhi Pollution Control Committee findings. Alarmed by abnormally high levels of air pollution in Delhi, India's federal pollution control board on Thursday evening banned the entry of diesel trucks carrying non-essential goods into the capital. "What is happening with air pollution in Delhi is nothing short of a crime against humanity!"

☆ IBM salaries revealed: Engineers can earn nearly $200K. See how much analysts, managers, and others at the tech giant make.
▼ + stars: | 2022-10-27 | by ( Caroline Haskins | ) www.businessinsider.com time to read: +15 min

IBM is among the oldest and largest computer companies in the world and has more than 350,000 employees. These offers must be equal to what US employees earn making them a great guide to employee salaries at the company. When Insider analyzed IBM salary data in 2021, the highest offer was to an engineering program director, earning $335,000. A technical team lead, for instance, earned $57,500 in Monroe, LA, and as much as $114,500 in Parsippany, NJ. Insider has also compiled a database of salaries across other big tech companies like Google, Apple, Tesla, Amazon, and more.

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☆ Akshata Murty: Rishi Sunak’s wife is a software heiress who’s richer than royalty
▼ + stars: | 2022-10-25 | by ( Tara John | ) edition.cnn.com time to read: +6 min

And thanks largely to his wife Murty, Sunak will be one of the richest people to reach the top of the political establishment. Murty has a 0.93% stake in her father’s Indian software company, Infosys, worth approximately $715 million. Even Queen Elizabeth wasn’t as rich – the Sunday Times put the late monarch’s net worth at £370 million (about $420 million) before she died. In April, it was reported that Murty enjoyed a tax status in the UK that meant she could legally avoid to pay taxes on her foreign earnings. “I understand and appreciate the British sense of fairness and I do not wish my tax status to be a distraction for my husband or to affect my family.

☆ Delhi residents defy Diwali firecracker ban, pollution spikes
▼ + stars: | 2022-10-24 | by ( Krishna N. Das | ) www.reuters.com time to read: +2 min

NEW DELHI, Oct 24 (Reuters) - Many residents of New Delhi defied a firecracker ban on Diwali on Monday as political parties traded blame on who was responsible for the Indian capital's foul air. Delhi Chief Minister Arvind Kejriwal's government said last week that people who let off firecrackers during Diwali would face up to six months in jail, under a broader ban introduced to help combat extreme winter pollution. "Kejriwal's minister had threatened to put those burning firecrackers in jail," said Amit Malviya, who runs the BJP's national information and technology department, posting a video of firecrackers lighting up the Delhi night sky. Earlier in the day, Kejriwal posted two graphics on Twitter showing that Delhi's air quality had improved in the last three years. Register now for FREE unlimited access to Reuters.com RegisterEditing by Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.

☆ IBM surpasses quarterly projections and lifts its full-year revenue forecast
▼ + stars: | 2022-10-19 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

"With our year-to-date performance, we now expect full-year revenue growth above our mid-single digit model," CEO Arvind Krishna said in the statement. During the third quarter IBM paid a one-time non-cash pension settlement charge tied to the transfer of some pension obligations and assets to third-party insurers. About 8% of software revenue came from a commercial relationship with Kyndryl, said Jim Kavanaugh, IBM's finance chief, on the conference call. The infrastructure segment delivered $3.35 billion, up 14.8% and higher than the $3.06 billion StreetAccount consensus. Correction: A prior version of this story had the incorrect figure for revenue growth.

☆ India's Nocil expects stronger sales as buyers pursue China Plus One
▼ + stars: | 2022-10-19 | by ( Sethuraman N R | ) www.reuters.com time to read: +2 min

BENGALURU, Oct 19 (Reuters) - India's largest rubber chemicals maker Nocil Ltd (NOCI.NS) is expecting higher sales volumes in the next couple of years, as firms globally push for diversified supplies beyond top producer China that is battling supply constraints. Part of an over 100-year old Arvind Mafatlal Group (AMG), the Mumbai-based Nocil produces antidegradants, antioxidants, accelerators that are used by the tyre industry and other rubber processing companies. Register now for FREE unlimited access to Reuters.com Register"What China Plus has done for us globally is, it has broadened the discussions with customers to increase our volume share," Mafatlal said. "Even pre-pandemic we were reliable suppliers in the export markets of Europe, Americas, Southeast Asia and Japan, which constitutes a major share of tyre makers in the world outside of China," Mafatlal said. Nocil is also eyeing strong demand from the domestic markets, where China has a strong footing, with the government encouraging its 'Make in India' programme that is aimed at boosting local manufacturing.

☆ How to invest in the education tech trend as schools spend billions to close the Covid learning gap
▼ + stars: | 2022-09-17 | by ( Christina Cheddar Berk | ) www.cnbc.com time to read: +11 min

In a race to catch up, school districts are putting an increased emphasis on assessments to ferret out students' weak spots. Chronic absenteeism is already a rampant problem that is continuing to worsen, particularly in school districts with low-income students. She also said products need to be engaging for students, while also providing evidence that the methods used are effective. "Districts need products that work," she said. "They don't need products that look sexy or that have, you know, exciting front ends, they need products that are actually going to work and support students to improve learning."

☆ Imaginile disperării în India: Mii de oameni s-au îmbulzit să plece din New Delhi înainte de reimpunerea carantinei
▼ + stars: | 2021-04-21 | by ( ) www.jurnal.md time to read: +2 min

Sursa foto: Digi24Imaginile disperării în India: Mii de oameni s-au îmbulzit să plece din New Delhi înainte de reimpunerea carantineiImaginile disperării vin din India, unde mii de oameni s-au grăbit să plece din capitala New Delhi înainte de reimpunerea carantinei. Muncitorii veniți din provincie au umplut până la refuz gările și stațiile de autobuz ca să se întoarcă la timp la familiile lor. Delhi și alte 13 state au impus din nou carantina, din cauza numărului uriaș de infectări. New Delhi a intrat în lockdown de luni seara, timp de o săptămână. Potrivit lui Kejriwal, unităţile comerciale se vor închide, iar călătoriile vor fi permise doar persoanelor care deservesc activităţi considerate esenţiale.

Persons: Situaţia, Kejriwal Organizations: New, Agerpres Locations: India, New Delhi, Delhi, infectări, Maharashtra, Mumbai, Tamil

☆ India a înregistrat peste 2000 de decese cauzate de COVID-19 în ultimele 24 de ore, un nou record
▼ + stars: | 2021-04-21 | by ( ) www.jurnal.md time to read: +3 min

Sursa foto: ProfimediaIndia a înregistrat peste 2000 de decese cauzate de COVID-19 în ultimele 24 de ore, un nou recordIndia a înregistrat peste 2000 de decese cauzate de COVID-19 şi 295000 de noi infectări în ultimele 24 de ore, unul dintre cele mai grave bilanţuri zilnice din lume de la începutul pandemiei, informează AFP, citată de Agerpres și Digi24. „Situaţia era sub control în urmă cu câteva săptămâni şi al doilea val a venit ca un uragan”, a subliniat el. Potrivit presei, producţia de medicamente esenţiale împotriva coronavirusului a fost încetinită sau chiar suspendată în unele fabrici, iar licitaţiile pentru fabricile care produc oxigen sunt întârziate. În acest context, Satyendar Jain, ministrul Sănătăţii din Delhi, a cerut guvernului federal să „restabilească lanţul de aprovizionare cu oxigen pentru a evita o criză majoră”. India a administrat până în prezent peste 130 de milioane de seruri anti-COVID-19 şi, începând din 1 mai, toţi adulţii vor putea fi vaccinaţi.

Organizations: Agerpres Locations: India, Delhi, Arvind, Maharashtra, ţării, supraaglomerată, Mumbai, New Delhi, Uttar Pradesh, Statele Unite

☆ New Delhi intră în lockdown de luni seara
▼ + stars: | 2021-04-19 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

New Delhi intră în lockdown de luni seara, timp de o săptămână. "Sistemul de sănătate din Delhi se află pe punctul de a colapsa. Potrivit lui Kejriwal, unităţile comerciale se vor închide, iar călătoriile vor fi permise doar persoanelor care deservesc activităţi considerate esenţiale. "Lockdown-ul nu va pune capăt pandemiei, dar o va încetini. Vom folosi această săptămână de lockdown pentru a îmbunătăţi situaţia din spitale", a subliniat el, adăugând că sistemul de sănătate era" sub presiune "şi" aproape de a-şi atinge limitele".

Persons: Situaţia, Kejriwal Organizations: Agerpres Locations: New Delhi, India, Delhi, Maharashtra, Mumbai, Tamil

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