europe - CybAI news

10 Aug

Nike Suspends Online Sales In Turkey After Customs Tax Increase

stp2y0 CommentsRAG modelsCurrency, Employment, europe, NIKE INC -CL B, regulation, retail, shopping, Tax Rate, Taxes, Technology, turkey

Nike Inc. suspended online sales in Turkey via its website and mobile app, days after an increase in customs taxes levied by Turkey on online purchases from abroad. “We cannot guarantee our consumers that their orders will arrive smoothly and on time, so we are suspending online orders from Turkey for the time being,” the US sneaker giant said in a statement published on its official Turkish website. Source link lol

09 Aug

Europe’s Auto Chipmakers Have a Deepening China Habit

stp2y0 CommentsRAG modelsAutomotive, BYD CO LTD-H, china, Council on Foreign Relations, electric vehicles, europe, INFINEON TECHNOLOGIES AG, NXP SEMICONDUCTORS NV, Technology, World Trade Organization

As advanced semiconductor companies in the US and allied countries pull back from China, a less glamorous sector of the chip market is turning even more to the world’s second-biggest economy. Source link lol

09 Aug

Millicom’s Board Committee Rejects Xavier Niel’s Improved Bid

stp2y0 CommentsRAG modelsbusiness, deals, europe, finance, GOLDMAN SACHS GROUP INC, Investment Company, Latin America, Markets, MILLICOM INTL CELLULAR S.A., MORGAN STANLEY, NORDEA BANK ABP, Stockholm, Technology

Millicom International Cellular SA rejected a raised offer from billionaire Xavier Niel who is seeking to buy the Latin American phone carrier for $4.4 billion. Niel’s Atlas Luxco Sarl last week offered $25.75 a share in cash for Millicom, which improved on a previous offer of $24 a share after the company’s independent board committee dismissed the initial offer as too low. In a statement published Friday, Millicom said the committee thinks the price offered remains unsatisfactory since it “continues to be well below trading multiples for comparable listed companies.” Source link lol

09 Aug

Brookfield Is Considering Stake Sale in Data4’s Mature Assets

stp2y0 CommentsRAG modelsbusiness, CITIGROUP INC, deals, europe, France, germany, infrastructure, Italy, Luxembourg, Poland, Spain, Technology, Valuation

Brookfield Infrastructure Partners is weighing a minority stake sale in some of the assets of French data center operator Data4, according to people with knowledge of the matter. Brookfield is working with Citigroup Inc. on seeking investors for Data4’s so-called stabilized assets, which refer to fully-constructed data centers with high and stable tenancy rates, the people said. The stabilized asset portfolio has a valuation of more than €3.5 billion ($3.8 billion), said one of the people, who asked not to be identified as the information is private. Initial bids are expected in September, they said. Source link lol

09 Aug

Bridgepoint Said to Explore Takeover Bid for Software Firm Esker

stp2y0 CommentsRAG modelsAsia, BRIDGEPOINT GROUP, business, deals, ESKER SA, europe, industries, IPOs, Latin America, North America, Private Equity, software, Technology, United Kingdom

Bridgepoint Group Plc is considering a bid to take over Paris-listed software provider Esker SA, according to people familiar with the matter.The UK private equity firm has been working with advisers on a potential offer, the people said. Deliberations are ongoing and may not result in a transaction, said the people, who asked not to be identified as the information is private. Source link lol

09 Aug

Italy Makes Cybersecurity Demands in Talks on Chinese Auto Plant

stp2y0 CommentsRAG modelsAuto Industry, Automotive, business, cybersecurity, DONGFENG MOTOR GRP CO LTD-H, electric vehicles, europe, free, Government, Italy, Jinping Xi, Technology

Italy is demanding Dongfeng Motor Group Co. agree to safeguards on cybersecurity and data protection as the price of support for a new plant by the Chinese automaker, according to people familiar with the matter.As talks advance with Dongfeng, Prime Minister Giorgia Meloni’s government is requiring components such as infotainment units be provided by local suppliers for security reasons, the people said, asking not to be identified discussing confidential negotiations. Italian officials also want consumer data to be collected and managed within the country, they said. Source link lol

09 Aug

ClearBank Wins License Allowing Fintech to Expand Across Europe

stp2y0 CommentsRAG modelsBanking, British Pound Spot, Charles McManus, Chris Ratcliffe, Euro Spot, europe, European Central Bank, fintech, investing, Markets, Technology, United Kingdom

ClearBank Ltd. said it received a banking license allowing the fintech to offer real-time clearing and settlement services to clients across Europe, marking the UK company’s first step toward global expansion. The European Central Bank authorized the permit, under the supervision of De Nederlandsche Bank, ClearBank said in a statement Friday. The license allows the financial-technology firm to offer European clients with euro accounts, foreign-exchange services, embedded banking and access to major European payment rails, and funds will be protected by the central bank’s deposit-guarantee rules. Source link lol

09 Aug

TSMC Sales Grow 45% in July on Strong AI Chip Demand

stp2y0 CommentsRAG modelsADVANCED MICRO DEVICES, APPLE INC, artificial intelligence, europe, infrastructure, JULY SARL/CAEN, NVIDIA CORP, retail, TAIWAN SEMICONDUCTOR MANUFAC, Technology, Utilities

Taiwan Semiconductor Manufacturing Co.’s revenue rose 45% in July, an early indication of strong demand for AI chips even as a global tech selloff underlined growing doubts about the technology’s potential.Sales for the month reached NT$256.95 billion ($7.9 billion). For the third quarter, analysts project TSMC revenue should grow 37% to NT$747.4 billion, with the July result suggesting TSMC may surpass those expectations. Source link lol

08 Aug

Deutsche Telekom Improves Profitability Buoyed by US Growth

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Deutsche Telekom AG, Europe’s largest telecommunications operator, reported increased profitability in the second quarter, buoyed by strong subscriber growth in the US and resilience in its home market of Germany. Adjusted earnings before interest, taxes, depreciation and amortization after leases rose 7.8% from a year earlier to €10.8 billion ($11.8 billion) in the second quarter, the carrier said in a statement on Thursday. Analysts had forecast €10.7 billion, according the average of estimates compiled by Bloomberg. Source link lol

07 Aug

Airbnb Gives Soft Outlook on ‘Signs of Slowing Demand’ From US

stp2y0 CommentsRAG modelsAIRBNB INC-CLASS A, Asia, BOOKING HOLDINGS INC, Brian Joseph Chesky, Capital Markets, Currency, europe, JULY SARL/CAEN, Latin America, Markets, Technology, travel

Airbnb Inc. shares plunged by the most ever after the company issued yet another disappointing outlook and warned of slowing demand from US vacationers.Bookings rose 8.7% in the second quarter to 125.1 million, falling well below analysts’ estimates. And Airbnb saidBloomberg Terminal it expects “sequential moderation” of growth in bookings in the third quarter, too, signaling that results will disappoint analysts who had projected an 11% gain amid the peak summer travel season. Source link lol