DIRS.INFO The most relevant business & tech news

☆ Morning Bid: China steals the show before US inflation
▼ + stars: | 2023-06-13 | by ( ) www.reuters.com time to read: +2 min

A look at the day ahead in European and global markets from Sonali DesaiThe People's Bank of China (PBOC) managed to liven up the wait for Tuesday's highly anticipated U.S. consumer price inflation (CPI) data by lowering a short-term lending rate for the first time in 10 months. Several analysts had been expecting a cut to the one-year medium-term lending facility rate on Thursday, when the PBOC is widely expected to roll over maturing loans. The move had little broader impact on markets in the run-up to tonight's U.S. CPI release and this week's major central bank decisions. Europe's calendar highlights include UK employment data, Germany's ZEW survey for June and final May inflation data, and Bank of (BoE) Governor Andrew Bailey's parliamentary testimony. In the U.S., CPI data is likely to dominate market interest and factor into the Federal Open Market Committee's (FOMC) deliberations as it begins a two-day meeting.

Persons: Sonali Desai, Tuesday's, SoftBank Group's, BoE, Andrew Bailey's, BoE policymaker Catherine Mann, Bailey, CPI BoE Governor Bailey, ECB's Pablo Hernandez de Cos, Andrea Enria, FOMC, Christopher Cushing Organizations: People's Bank of China, U.S, CPI, U.S ., Intel, Reuters, Bank of, bps, Federal, Reuters Graphics Reuters, Economic, Thomson Locations: Asia, U.S . Federal, U.S

☆ UK's Sunak faces down critics after Boris Johnson honours row
▼ + stars: | 2023-06-12 | by ( Sachin Ravikumar | Thomson Reuters | Sachin Ravikumar Is A Correspondent For Reuters In London Covering General News Across The Uk. Over Nine Years At Reuters | ) www.reuters.com time to read: +3 min

[1/2] British Prime Minister Rishi Sunak attends the London Tech Week at the Queen Elizabeth II Centre in London, Britain June 12, 2023. Responding to critics within his ruling Conservative Party, which has been rocked in recent days by Johnson's dramatic Friday night decision to quit parliament, Sunak added that he had no sympathy for those who did not like his decision. Sunak has the power to overrule HOLAC's advice, but said he chose not to. As prime minister, Johnson had himself overruled HOLAC when appointing a Conservative Party donor in 2020. Johnson resigned from parliament on Friday in a protest against lawmakers investigating whether he misled parliament over illegal parties during COVID lockdowns at his Downing Street office when he was prime minister.

Persons: Rishi Sunak, Queen Elizabeth II, Ian Vogler, Boris Johnson, Sunak, Johnson, HOLAC, COVID lockdowns, Sachin Ravikumar, Alistair Smout, William James, Kylie MacLellan, Alex Richardson Organizations: British, London Tech, Queen Elizabeth II Centre, REUTERS LONDON, Conservative Party, Thomson Locations: London, Britain, parliament's

MEXICO CITY/WASHINGTON, June 8 (Reuters) - The U.S. and Mexico still have "differences" of opinion regarding Mexico's recovery of a coveted air safety rating, Mexico's president said on Thursday. The U.S. Federal Aviation Administration (FAA) downgraded Mexico to the Category 2 air safety rating more than two years ago, citing safety concerns. The U.S. wants to make clear any decision to restore Mexico's safety rating would be based on technical merits, not politics, the sources added. A joint statement from the U.S. and Mexican transportation agencies released by USDOT late Thursday did not address Mexico's air safety rating but said both governments are committed to the successful development of AIFA "in ways that will bolster the U.S.-Mexico air transportation relationship." Mexican Transportation Minister Jorge Nuno said the audit was Mexico's "last" in a statement Wednesday, implying a positive resolution.

Persons: Pete Buttigieg, Andres Manuel Lopez Obrador, Lopez, Felipe Angeles, Lopez Obrador, USDOT, Jorge Nuno, Lopez Obrador's, Kylie Madry, David Shepardson, Rosalba O'Brien, Gerry Doyle Organizations: MEXICO CITY, U.S . Federal Aviation Administration, FAA, U.S . Transportation, Transportation, Thomson Locations: MEXICO, WASHINGTON, U.S, Mexico, United States, Mexican, Mexico City, Benito Juarez, AIFA, Washington

The FAA downgraded Mexico's aviation safety rating to Category 2 in 2021, citing safety deficiencies and blocking Mexican carriers from adding new U.S. flights. Since Mexico lost the rating, the FAA has conducted a series of audits on the local civil aviation authority and its compliance with international safety standards. Mexican newspaper El Financiero had earlier reported that Mexico had already recovered the safety rating, citing government sources, but a short time later backtracked on the initial report. In the two years since the FAA dropped Mexico to Category 2, the country has revamped its aviation standards, replacing officials and most recently overhauling its civil aviation law. Asked to comment on Mexico's air safety rating, an FAA spokesperson would only say the agency continues "to provide assistance to Mexico's civil aviation authority."

Persons: El Financiero, Andres Conesa, Kylie Madry, Adriana Barrera, Carolina Pulice, Ana Isabel Martinez, Brendan O'Boyle, David Alire Garcia, Diane Craft Organizations: MEXICO CITY, U.S . Federal Aviation Administration, FAA, El, U.S, Thomson Locations: MEXICO, Mexico, United States

☆ Can the ‘California Effect’ Survive in a Hyperpartisan America?
▼ + stars: | 2023-05-30 | by ( Conor Dougherty | ) www.nytimes.com time to read: +2 min

For a while this winter, seemingly every text message that Buffy Wicks received asked if she was running for Congress. This decision by Lee, who is 76, created a rare opportunity for the next generation of California Democrats to vie for federal office. Soon enough, however, Wicks put out a statement that, humbled as she was by the suggestion, she wouldn’t be seeking the seat. “I pass big bills here,” Wicks told me. California has been so successful at bending national policy in its direction that academics have taken to calling the phenomenon the California effect.

☆ How El Chapo’s sons built a fentanyl empire poisoning America
▼ + stars: | 2023-05-09 | by ( ) www.reuters.com time to read: +23 min

Headed by Iván, El Chapo’s oldest son, the siblings have emerged as key figures in the Sinaloa Cartel, U.S. and Mexican anti-narcotics officials said. But he was killed in 2008 in Culiacán in a hail of bullets amid infighting between warring factions of the Sinaloa Cartel. The agency in April placed Iván on the list of its 10 Most Wanted Fugitives, joining Jesús Alfredo and Ismael “El Mayo” Zambada, a Sinaloa Cartel legend and El Chapo’s alleged former business partner. They also kidnapped eight soldiers and surrounded military housing where wives and children of Mexican soldiers lived, Mexican officials said. Despite that blow to the Sinaloa Cartel, fentanyl keeps flowing north.

WASHINGTON, May 9 (Reuters) - The United States on Tuesday imposed sanctions on a son of former Mexican drug kingpin Joaquin "El Chapo" Guzman, the Treasury Department said. El Chapo, who was leader of the Sinaloa Cartel, is currently serving a life sentence in a U.S. prison. Mexican President Andres Manuel Lopez Obrador has denied the presence of fentanyl labs in the country, alleging it comes from China. Guzman Lopez's cousin, Saul Paez Lopez, was also sanctioned for his alleged role in coordinating drug shipments. Washington also sanctioned Mario Esteban Ogazon Sedano, saying he purchased precursor chemicals from Ludim Zamudio Lerma to operate drug labs.

MEXICO CITY, May 8 (Reuters) - The Mexican government on Monday set out fresh details of a plan to attract businesses to a corridor straddling a narrow isthmus of southern Mexico, part of a larger push to pump investment into the relatively poor region. The plan, called the Inter-Oceanic Corridor, will include 10 new industrial parks along the stretch connecting the Pacific port of Salina Cruz in Oaxaca state with the Gulf coast hub of Coatzacoalcos in Veracruz state, officials said. Officials also hinted at plans to construct four wind plants across the area, home to major installations of state-run oil company Pemex. Another reason to push manufacturing to the south is that the north - which benefits from its proximity with the United States - is facing a drought, officials say. Reporting by Kylie Madry; Writing by Brendan O'Boyle; Editing by David Alire GarciaOur Standards: The Thomson Reuters Trust Principles.

☆ At Churchill Downs, Humans Failed the Horses Again
▼ + stars: | 2023-05-07 | by ( Joe Drape | ) www.nytimes.com time to read: +1 min

The modestly bred Mage rumbled down the stretch to win this year’s Kentucky Derby on Saturday at 15-1 odds. But their accomplishments were eclipsed by the death of seven horses at Churchill Downs in the lead-up to the Derby. Four horses were scratched because of veterinarians’ concerns about their health. A fifth was scratched because, well, the Lords of Churchill were suspicious of the trainer Saffie Joseph Jr. after two of his horses collapsed and died following races. Long after the Derby was over and the lights were going out on a tragic day, first, Churchill Downs, then the newly minted Horseracing Integrity and Safety Authority, released statements with the same message: It wasn’t them.

☆ ‘A Trump tribute act’: Meet Suella Braverman, the commander-in-chief of Britain’s culture wars
▼ + stars: | 2023-05-07 | by ( Rob Picheta | ) edition.cnn.com time to read: +14 min

London CNN —Late last year, after a breakneck ascent of British politics put her in charge of the country’s migration, crime and national security agenda, Suella Braverman revealed her political fantasy. Leon Neal/Getty ImagesAnd she is an equally furious culture warrior, borrowing rhetoric from the American right when lambasting “woke” culture, transgender rights and climate protesters. Sameer Al-Doumy/AFP/Getty ImagesIt is a stance that has drawn sharp criticism – including from within the traditional wing of Braverman’s Conservative Party. Should Braverman succeed at her next bid for the party leadership, her critics fear another rightwards shift in British politics. “She’s recognized that in the current political climate, her way of creating an impact… (is) positioning herself as a Trump tribute act.

☆ The Coronation of King Charles: Order of Service
▼ + stars: | 2023-05-06 | by ( ) edition.cnn.com time to read: +46 min

The Archbishop saysI here present unto you King Charles, your undoubted King: Wherefore all you who are come this day to do your homage and service, are you willing to do the same? Christopher Finney GC saysI here present unto you King Charles, your undoubted King: Wherefore all you who are come this day to do your homage and service, are you willing to do the same? We praise thee, we bless thee,we worship thee, we glorify thee,we give thanks to thee for thy great glory,O Lord God, heavenly King, God the Father Almighty. O clap your hands together, all ye people;O sing unto God with the voice of melody. The King touches the Ring and the Archbishop saysReceive this Ring, symbol of kingly dignity and a sign of the covenant sworn this day, between God and King, King and people.

Prince Albert of Monaco said in an interview with People magazine that he and his wife, Charlene, would be attending. King Felipe VI of Spain, who ascended to the throne in 2014 after his father’s abdication, will attend, according to the Spanish news media. Crown Prince Fumihito of Japan and Crown Princess Kiko, on behalf of Emperor Naruhito and Empress Masako, will attend, according to the Japanese news media. Credit... Clodagh Kilcoyne/ReutersSeveral members of Britain’s government will attend, as will about 100 heads of state from around the world, according to Buckingham Palace. British RoyalsImage Prince Harry, center, will be present at the coronation, though his wife, Meghan, and their children, will remain in California.

☆ Opinion | The First Scandal King Charles Could Face Is a Gift From Boris Johnson
▼ + stars: | 2023-05-06 | by ( Christopher Caldwell | ) www.nytimes.com time to read: +2 min

At his coronation in London on Saturday, King Charles III will assume the ancient responsibilities of the British monarchy. But the list that the prime minister Boris Johnson compiled as he was being chased from office last summer threatens to become an inconvenience for King Charles — perhaps even a scandal. On his way out the door, Mr. Johnson reportedly assembled a list of lords- and ladies-to-be that stretched to almost 100 names — a historically large number. The list reportedly included three politicians who had shown unusual loyalty to Mr. Johnson. It has real political power, if not as much as the House of Commons.

☆ Charles III to be crowned in once-in-a-generation ceremony
▼ + stars: | 2023-05-06 | by ( Ivana Kottasová | ) edition.cnn.com time to read: +8 min

London CNN —Britain was waking up Saturday to a once-in-a-generation royal event: the coronation of King Charles III and Queen Camilla in a grand ceremony at Westminster Abbey in London. While Charles became King on the death of his mother, Queen Elizabeth II in September last year, the coronation is the formal crowning of the monarch. In a ceremony that is expected to last at least two hours, Charles will be officially crowned, presented with an array ceremonial objects and be recognized as King by various representatives of the British state. Charles and Camilla will travel along the route to the abbey in a splendid coach drawn by six horses, accompanied by the Household Cavalry. Charles’ consort Camilla will also be crowned in a shorter, simpler part of the ceremony.

☆ Facebook's former security chief calls Elon Musk's blue check marks saga a 'historical self-own'
▼ + stars: | 2023-04-26 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Ex-Facebook exec Alex Stamos said Elon Musk's blue check saga was a "historical self-own." Last week, Musk took away blue check marks from some legacy accounts, only to return some of them. Facebook's former security chief, Alex Stamos, said Elon Musk's blue check mark saga last week was a "historical self-own." The billionaire initially agreed to give blue check marks solely to users who subscribed to Twitter Blue for $8 per month, but many celebrities and news organizations made a point of refusing to pay for the service. Stamos, who has been critical of Musk in the past, was previously Facebook's chief security officer until 2018.

☆ Elon Musk's blue-check saga marks the beginning of the end for Twitter, top Tesla investor says
▼ + stars: | 2023-04-25 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +3 min

Top Tesla and Twitter investor Ross Gerber is not happy with Elon Musk. He said Musk's decision to hand out free blue checks was the beginning of the end for Twitter. Top Tesla and Twitter investor Ross Gerber said the latest turmoil at Twitter could spell the beginning of the end for the company. A subscription to Twitter Blue costs $8 a month, but many celebrities and news organizations have refused to pay. The investor added that Twitter was in a further state of confusion after several accounts belonging to dead users had blue checks returned to their profiles.

☆ How Elon Musk transformed Twitter’s blue check from status symbol into a badge of shame
▼ + stars: | 2023-04-24 | by ( Brian Fung | ) edition.cnn.com time to read: +9 min

Over the weekend, numerous high-profile people announced — with apparent despair — that they too had been “punished” with verification badges. Twitter Verified account seen in an iPhone screen in Vancouver, Canada, on Dec. 9 2022. Instead of conveying authenticity, Twitter verification is now fraught with multiple conflicting messages. For weeks, many legacy verified users had signaled they would not be paying for Twitter Blue. It doesn’t benefit Twitter for celebrity accounts to be buried along with the other non-paying accounts Musk has said the platform will demote.

☆ Inside the Wild World of Celebrity Keynote Speakers: Drugs, Alcohol
▼ + stars: | 2023-04-23 | by ( David Kushner | ) www.businessinsider.com time to read: +31 min

"I never saw myself as a speaker, let alone a motivational speaker," Leonard tells me while his assistant irons his jeans. 'When I ramble," Hunter told me, "hit me in the leg!" Every plane had been grounded, including the one stuck on the tarmac with an increasingly inebriated Hunter Thompson trapped inside. But by far the most all-consuming task was booking gigs for Hunter Thompson. Just before a debate with G. Gordon Liddy at Brown University, Hunter demanded that Betsy Berg, whom I now worked alongside at GTN, score him some crystal meth.

☆ Here's some of the best memes about Elon Musk's Twitter Blue chaos
▼ + stars: | 2023-04-23 | by ( Jyoti Mann | Sam Tabahriti | ) www.businessinsider.com time to read: +2 min

He started removing all legacy blue checkmarks this week — but it seems to have backfired. Here are some of the best memes to have come from the social-media chaos. Twitter started removing legacy blue checkmarks on Thursday, as Elon Musk targeted what he described as a "deeply corrupted," "lords & peasants" system. Musk is even paying for certain celebrities to stay on Twitter Blue, including Stephen King, LeBron James, and William Shatner — all of whom either criticized the new arrangement or refused to pay. Insider browsed the social-media app for some of the best memes to have come out of the chaos.

Coronations at Westminster Abbey go back almost one thousand years. Like Charles III, William had his coronation at Westminster Abbey. Gross says coronation blunders do not become truly significant for monarchs until their reign starts to go wrong. A “beautiful and symbolic” silver cross containing a piece of the so-called True Cross will lead King Charles’ coronation procession in London next month. Meanwhile, gun salutes will sound from military bases and ships at sea to mark the moment Charles is crowned King.

☆ An elite soccer player criticized Elon Musk as 'some crazy dude' after Twitter took away his blue checkmark
▼ + stars: | 2023-04-21 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Twitter removed the blue checkmarks on Thursday for all users who didn't subscribe to Twitter Blue. That included several of the English Premier League's elite soccer players, who hit back at Elon Musk. Elite soccer players from England's Premier League took aim at Elon Musk after their blue checkmarks were taken away on Thursday. Twitter Blue led to several trolls impersonating high-profile accounts, while those who've paid for the blue checkmark have been mocked. Meanwhile, Gary Lineker — a former England soccer player who now hosts the BBC's "Match of the Day" — said he had subscribed to Twitter Blue.

MG Motor's hybrid eHS model is set to hit Mexico's streets on Friday, alongside two combustion-engine models, the company said. However, hybrid models could be a step forward until there is more EV investment, analysts have said. "For your day-to-day, you'll have the benefits of an electric vehicle," Daniel Nava, vice president of MG Motor in Mexico, told Reuters ahead of the announcement. Nava said the price in Mexico reflects that the model is a plug-in hybrid, which is more costly than other hybrid models, and is comparable to competitors' prices. Nava said MG Motor had been in touch with officials in Nuevo Leon as well as other states as it considered building a plant in the country.

☆ Twitter users including Justin Bieber, Bill Gates, and Kim Kardashian are seeing their blue checkmarks disappear as Elon Musk charges $8 a month for verified accounts
▼ + stars: | 2023-04-20 | by ( Kate Duffy | Sarah Jackson | ) www.businessinsider.com time to read: +3 min

Twitter appeared to start removing legacy blue checkmarks from many accounts on Thursday. Some Twitter users are watching their legacy blue checkmarks disappear from their accounts as Elon Musk implements an $8 monthly subscription program. Notable business figures including Bill Gates, LinkedIn founder Reid Hoffman, and "Shark Tank" star Barbara Corcoran no longer showed blue checkmarks on their Twitter accounts Thursday afternoon. The only way users can keep their blue checkmarks is to sign up to Twitter Blue, a subscription program that costs $8 a month. Twitter Blue has sparked controversy since it was rolled out.

MEXICO CITY, April 13 (Reuters) - The airport operating business in Mexico is thriving as traffic surges due to multinational companies bringing overseas operations closer to home and growth at Mexican airlines, according to the head of GAP, which operates 12 airports in the country. Manufacturing hubs such as Guadalajara have seen record traffic growth due to the relocation trend, called nearshoring, CEO Raul Revuelta told Reuters in an interview late Wednesday. "But it's also Mexican airlines, VivaAerobus, Volaris, Aeromexico, expanding their fleets, which allows them to open new routes and move more passengers." The downgrade has prevented Mexican airlines from opening new routes to the United States, limiting expansion plans. The passage of a proposed aviation reform by Mexico's Congress will be an important step, he added.

☆ The EV industry is gaining momentum. But public charging is a long way from being accessible to all
▼ + stars: | 2023-04-05 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +7 min

Equally important is making sure these EV chargers are accessible to all. Ensuring EV chargers are accessible to all is a big task, and organizations like Motability are pushing hard to create conditions for change. In collaboration with the U.K. government's Office for Zero Emission Vehicles, it commissioned the British Standards Institution to develop a "national accessible charging standard for EV chargepoints." Separately, it received funding from Motability to develop design guidance for those involved in the charging industry. In July 2022, the U.S. Access Board, an independent federal agency, issued design recommendations for accessible charging stations.

Search resuls for: "Lords"

25 mentions found