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Tag: EZC

Taxes can be key to social justice, pope tells business leaders
Business

Taxes can be key to social justice, pope tells business leaders

Pope Francis gestures during the meeting with the participants of the International Congress of Catechists at the Vatican, September 10, 2022. REUTERS/Remo CasilliRegister now for FREE unlimited access to Reuters.comRegisterVATICAN CITY, Sept 12 (Reuters) - Taxes are "an often misunderstood" tool of social justice and should not be seen as an example of a government overstepping its powers, Pope Francis told an audience of Italian business leaders on Monday.The Argentine-born pope spoke ahead of a general election on Sept. 25 in Italy, a country noted for endemic tax evasion, where a right-wing coalition promising major tax cuts is on course for a clear victory. read more "What taxes and duties are in the modern world and democracies is very important, [they are] an often misunderstood...
Emirates picks Thales-made entertainment system for A350 fleet
Entertainment

Emirates picks Thales-made entertainment system for A350 fleet

The logo of Thales is seen on a company building in Brest, France, March 14, 2022. REUTERS/Stephane MaheRegister now for FREE unlimited access to Reuters.comRegisterPARIS, Sept 8 (Reuters) - Thales (TCFP.PA) on Thursday announced that Emirates chose to equip its future Airbus A350 fleet with a passenger entertainment system made by the French aviation supplier."This new fleet of A350's will be equipped with Thales' premier AVANT Up inflight entertainment solution to offer the finest cinematic and personalized customer experience", Thales said in a statement.The system consists of 4k displays offering over 5,000 television channels, bluetooth connections, Wi-Fi, and various charging ports for portable devices.Emirates has ordered 50 Airbus A350-900 long-haul aircraft with deliveries sche...
Desktop Metal to unveil 3D-printed sheet metal technology for cars, planes
Technology

Desktop Metal to unveil 3D-printed sheet metal technology for cars, planes

Register now for FREE unlimited access to Reuters.comRegisterSept 7 (Reuters) - U.S.-based 3D printer maker Desktop Metal Inc (DM.N) plans to unveil as early as on Wednesday a new technology that will dramatically simplify the industrial sheet metal production process, Chief Executive Officer Ric Fulop told Reuters.The technology Figur G15 is capable of shaping standard sheet metal on demand directly from a digital design file, eliminating the need of stamping tools, molds, dies, or presses and thus reducing costs and production lead time, Fulop added."This is a $300 billion market currently with no digital solutions," he said, adding Figur G15 is due to be introduced at a trade show in Chicago on Wednesday.Register now for FREE unlimited access to Reuters.comRegisterThe Massachusetts-b...
Luxembourg’s OQ Technology raises 13 mln euros in funding co-led by Wa’ed Ventures and Phaistos Investment Fund
Technology

Luxembourg’s OQ Technology raises 13 mln euros in funding co-led by Wa’ed Ventures and Phaistos Investment Fund

Register now for FREE unlimited access to Reuters.comRegisterDUBAI, Sept 1 (Reuters) - Luxembourg-based OQ Technology, a global 5G internet of things satellite operator, has raised 13 million euros ($13.05 million) in its Series A funding round co-led by Saudi Aramco's Wa'ed Ventures and Greece's Phaistos Investment Fund, according to a joint statement on Thursday.It is Wa'ed's first investment overseas, since it expanded its mandate to pursue global tech startups looking to localise their products and solutions in Saudi Arabia.Wa'ed is the entrepreneurial venture capital arm of the kingdom's state oil giant. Phaistos Investment Fund focuses on investment in 5G-related products and services and managed by 5G Ventures, a venture capital firm based in Athens.Register now for FREE unlimite...
Ukraine war, energy crisis send German business sentiment to lowest level since June 2020
Business

Ukraine war, energy crisis send German business sentiment to lowest level since June 2020

The skyline with its financial district is photographed as the spread of the coronavirus disease (COVID-19) continues during an extended lockdown in Frankfurt, Germany, January 14, 2021. REUTERS/Kai Pfaffenbach/File PhotoRegister now for FREE unlimited access to Reuters.comRegisterIndex falls for third month in a rowUkraine war, energy crisis weighs on business moraleIfo: Economy expected to shrink in Q3BERLIN, Aug 25 (Reuters) - German business morale in August fell to its lowest reading since June 2020 amid high uncertainty due to the Ukraine war, the resulting energy crisis and fears of an economic downturn in the third quarter, a survey said on Thursday.The Ifo institute's closely watched business climate index fell for a third consecutive month but less than expected to 88.5, from...
Australia’s Ramsay Health gets ‘inferior’ alternate offer from KKR-led group
Health

Australia’s Ramsay Health gets ‘inferior’ alternate offer from KKR-led group

Aug 25 (Reuters) - Australia's Ramsay Health Care Ltd (RHC.AX) said on Thursday it received a "meaningfully inferior" alternate proposal from a group led by KKR & Co (KKR.N) that would allow it to retain a 37% stake in its Paris-based unit Ramsay Generale De Sante (GDSF.PA).Ramsay currently owns over 52% shares in the Paris-based Ramsay Generale De Sante (Ramsay Sante). If accepted, the alternate offer would give the consortium a 15% stake in the hospital operator, while Ramsay shareholders would retain the balance. read more In April, the consortium comprising of private equity giant KKR and Australian pension fund HESTA, among others, made a cash offer of A$88.0 per share - valuing it at around $15 billion - and had been allowed due diligence on a non-exclusive basis.Register now...
Coric beats Tsitsipas to win Cincinnati and signal return to fitness
Fitness

Coric beats Tsitsipas to win Cincinnati and signal return to fitness

Aug 21 (Reuters) - Resurgent Borna Coric powered past fourth seed Stefanos Tsitsipas 7-6 (0) 6-2 to win the Cincinnati Open on Sunday, signalling his return to full fitness from shoulder surgery and showing that he will be a threat at the U.S. Open.On the comeback trail after undergoing right shoulder surgery last year, Coric returned to the ATP Tour in March and after eight months on the sidelines was back in the winner's circle claiming the biggest title of his career.Ranked 152 and in the tournament via a protected ranking, Coric capped a remarkable week, that included a second round victory over Rafa Nadal, with a brilliant final that no doubt marks the 25-year-old Croatian as a dark horse contender when play gets underway at Flushing Meadows on Aug. 29.Register now for FREE unlimit...