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News Slideshows (02/14/2020 - #vlrPhone #android)


  • 1/27   News Photos Slideshows
    PEOPLE TOPIC NEWS

    News Photos Slideshows - Hot Trends - Click on the image to view in augmented reality or in stereo 3D

    News Photos Slideshows - Hot Trends - Click on the image to view in augmented reality or in stereo 3D


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  • 2/27   Press Review #beamforming #microphone
    TECHNOLOGY TOPIC NEWS

    

 - Sony Launches IP-based Ceiling Beamforming Microphone with Speech Reinforcement and Clear Audio Recording - PRNewswire   More Information - Sony Will Release a New Beamforming Microphone for Hands-Free Applications in Spring... - rAVe [PUBS]   More Information - Sony Takes on Shure, Sennheiser, ClearOne, Crestron and Biamp with New Beamforming Mic Array... - rAVe [PUBS]   More Information - Sony enters new category with beamforming mic - AV Magazine   More Information - ISE 2020: Sennheiser Gives Details About Its TeamConnect Ceiling 2 Beamforming Microphone - rAVe [PUBS]   More Information - Sony unveils ambitions for work and school at ISE - AV Magazine   More Information - ClearOne Unveils the New COLLABORATE® Versa Lite CT—a USB audio-enabled Beamforming Ceiling Tile Microphone Array - GlobeNewswire   More Information - Sony creates the ideal future for education and the workplace at ISE 2020 - Dealer Support Magazine   More Information - Nureva Progresses with Strategic Growth Plan - UC Today   More Information - Galaxy Buds+: Change the way you experience sound - Samsung Newsroom US   More Information - Microphone Array Market Competitive Analysis,Investment Trends & Global Outlook 2026 - Jewish Life News   More Information - This Rooftop Microphone Alerts Drivers to Emergency Sirens Long Before They Can Hear Them - Gizmodo   More Information - Nureva granted new patent for embedding additional information in a sound mask noise signal - PRNewswire   More Information - ClearOne Introduces Collaborate Versa Lite CT Microphone... - rAVe [PUBS]   More Information - Press Release: Sony creates the ideal future for education to the workplace at ISE 2020 - PRWire   More Information - Extron Introduces XMP 240 Expansion Matrix... - rAVe [PUBS]   More Information - Yamaha Enables Clear Meetings Anywhere at ISE 2020 - TV Technology   More Information - Yamaha brings pro audio expertise to UC market - AV Magazine   More Information - ClearOne and Shure: History of Their Legal Dispute Over Beamforming Microphone Arrays - Commercial Integrator   More Information - ClearOne Awarded New Patent Covering Augmented Beamforming Microphone Arrays by the U.S. Patent and Trademark Office - GlobeNewswire   More Information


Did you see the #crowdfunding campaign that @whmsoft will start? #tailored #3d #vr #audio.
Please share and comment. Campaign link:



vlrFilter Project #gofundme

    - Sony Launches IP-based Ceiling Beamforming Microphone with Speech Reinforcement and Clear Audio Recording - PRNewswire
       More Information

    - Sony Will Release a New Beamforming Microphone for Hands-Free Applications in Spring... - rAVe [PUBS]
       More Information

    - Sony Takes on Shure, Sennheiser, ClearOne, Crestron and Biamp with New Beamforming Mic Array... - rAVe [PUBS]
       More Information

    - Sony enters new category with beamforming mic - AV Magazine
       More Information

    - ISE 2020: Sennheiser Gives Details About Its TeamConnect Ceiling 2 Beamforming Microphone - rAVe [PUBS]
       More Information

    - Sony unveils ambitions for work and school at ISE - AV Magazine
       More Information

    - ClearOne Unveils the New COLLABORATE® Versa Lite CT—a USB audio-enabled Beamforming Ceiling Tile Microphone Array - GlobeNewswire
       More Information

    - Sony creates the ideal future for education and the workplace at ISE 2020 - Dealer Support Magazine
       More Information

    - Nureva Progresses with Strategic Growth Plan - UC Today
       More Information

    - Galaxy Buds+: Change the way you experience sound - Samsung Newsroom US
       More Information

    - Microphone Array Market Competitive Analysis,Investment Trends & Global Outlook 2026 - Jewish Life News
       More Information

    - This Rooftop Microphone Alerts Drivers to Emergency Sirens Long Before They Can Hear Them - Gizmodo
       More Information

    - Nureva granted new patent for embedding additional information in a sound mask noise signal - PRNewswire
       More Information

    - ClearOne Introduces Collaborate Versa Lite CT Microphone... - rAVe [PUBS]
       More Information

    - Press Release: Sony creates the ideal future for education to the workplace at ISE 2020 - PRWire
       More Information

    - Extron Introduces XMP 240 Expansion Matrix... - rAVe [PUBS]
       More Information

    - Yamaha Enables Clear Meetings Anywhere at ISE 2020 - TV Technology
       More Information

    - Yamaha brings pro audio expertise to UC market - AV Magazine
       More Information

    - ClearOne and Shure: History of Their Legal Dispute Over Beamforming Microphone Arrays - Commercial Integrator
       More Information

    - ClearOne Awarded New Patent Covering Augmented Beamforming Microphone Arrays by the U.S. Patent and Trademark Office - GlobeNewswire
       More Information


    Did you see the #crowdfunding campaign that @whmsoft will start? #tailored #3d #vr #audio. Please share and comment. Campaign link:

    WhmSoft

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  • 3/27   PHOTOS: Fluorescent turtle embryo wins forty-fifth annual Nikon Small World Competition

    The winners of the 45th annual competition showcase a spectacular blend of science and artistry under the microscope.

    The winners of the 45th annual competition showcase a spectacular blend of science and artistry under the microscope.


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  • 4/27   7 tax scams to watch out for this year

    In case wringing your hands over the tax man weren’t enough, criminals are out there trying to swipe your hard-earned cash and personal information from right under your nose.

    In case wringing your hands over the tax man weren’t enough, criminals are out there trying to swipe your hard-earned cash and personal information from right under your nose.


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  • 5/27   Mother Angry After School's Robocall Keeps Mispronouncing Daughter's Name As A Racial Slur

    The daughter's name is Nicarri.

    The daughter's name is Nicarri.


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  • 6/27   What the CIA thinks of your anti-virus program

    PARIS (AP) — Peppering the 8,000 pages of purported Central Intelligence Agency hacking data released Tuesday by WikiLeaks are reviews of some of the world's most popular anti-virus products.

    PARIS (AP) — Peppering the 8,000 pages of purported Central Intelligence Agency hacking data released Tuesday by WikiLeaks are reviews of some of the world's most popular anti-virus products.


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  • 7/27   Avowed Apple Fan Jeb Bush Realizes His Apple Watch Can Take Phone Calls

    Jeb Bush's love of Apple products has been widely documented, and the Republican presidential candidate continues to wear his Apple Watch on the campaign trail. Yesterday, in a meeting with The Des Moines Register editorial board documented by USA Today, Bush stumbled upon a feature he didn’t realize his smartwatch was capable of: taking phone calls. Somehow Bush managed to take a call without picking up his iPhone, and the sound of a person’s voice saying hello breaks through the meeting noise, to which Bush responds, “My watch can’t be talking.”

    Jeb Bush's love of Apple products has been widely documented, and the Republican presidential candidate continues to wear his Apple Watch on the campaign trail. Yesterday, in a meeting with The Des Moines Register editorial board documented by USA Today, Bush stumbled upon a feature he didn’t realize his smartwatch was capable of: taking phone calls. Somehow Bush managed to take a call without picking up his iPhone, and the sound of a person’s voice saying hello breaks through the meeting noise, to which Bush responds, “My watch can’t be talking.”


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  • 8/27   Social media welcomes Pope Francis to the United States

    Pope Francis gets the social media treatment upon arriving in the U.S. Tuesday.  As Pope Francis’s flight touched down in Washington, D.C. on Tuesday, Twitter unveiled a new batch of emojis created for the highly anticipated papal visit.  Until his departure from the United States on Sunday, Twitter users chronicling the Catholic leader’s East Coast journey will be able to include a cartoon image of the Pope’s face in front of the American flag on all Pope-related tweets by using the hashtag #PopeinUS.

    Pope Francis gets the social media treatment upon arriving in the U.S. Tuesday. As Pope Francis’s flight touched down in Washington, D.C. on Tuesday, Twitter unveiled a new batch of emojis created for the highly anticipated papal visit. Until his departure from the United States on Sunday, Twitter users chronicling the Catholic leader’s East Coast journey will be able to include a cartoon image of the Pope’s face in front of the American flag on all Pope-related tweets by using the hashtag #PopeinUS.


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  • 9/27   Inflows From India Bond Index Entry Depend on What it Sells
    TECHNOLOGY TOPIC NEWS

    (Bloomberg) -- India is hoping to lure billions of dollars by getting its bonds included in global indexes.The inflow, according to Deutsche Bank AG, hinges on the strategy Prime Minister Narendra Modi’s government uses for the issuance, and its size. The lender says the administration may consider these three options:1\. New BondsIndia could lure $10 billion, assuming the new securities account for 30% of the gross debt sales and switches for the year starting April 1. The issuance would take the stock of these bonds to $45 billion by the end of the fiscal year.This “is the cleanest route to take in some sense because you are starting a new series of bonds and designating them as special securities,” said Sameer Goel, head of Asia macro strategy at Deutsche Bank in Singapore.2\. Use Existing BenchmarksIndia could earn higher initial weights in global indexes by re-purposing existing bonds as special securities, Goel and his colleague Mallika Sachdeva wrote in a report last week.This scenario foresees the government conducting 30% of the next fiscal year’s gross sales and debt switches via four benchmark bonds -- 6.18% 2024, 7.27% 2026, 6.45% 2029, 7.57% 2033 -- with already $35 billion in outstanding stock.The government could fetch $18 billion via this route.3\. Reopen Old SecuritiesOpening up older securities with even more outstanding stock may help attract $22 billion.Under this scenario, Deutsche assumes reopening of four liquid bonds issued after 2015 -- 7.72% 2025, 6.97% 2026, 7.88% 2030, 6.57% 2033 -- that have a combined outstanding stock of $50 billion.Going down this road would lead to higher eventual weights of nearly 8% in the JPMorgan Global Bond Index and 0.16% in the Bloomberg Barclays Global Aggregate Bond Index, according to Deutsche’s report.Global funds have steeped up purchases of sovereign Indian bonds at the fastest pace in almost three years, thanks to the recent policies unveiled by the government and the central bank. Foreigners bought 127 billion rupees ($1.8 billion) of government debt as of Feb. 13, set for the highest monthly inflow since June 2017, data compiled by Bloomberg show.\--With assistance from Rahul Satija and Kartik Goyal.To contact the reporter on this story: Subhadip Sircar in Mumbai at ssircar3@bloomberg.netTo contact the editors responsible for this story: Tan Hwee Ann at hatan@bloomberg.net, Shikhar Balwani, Ravil ShirodkarFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

    (Bloomberg) -- India is hoping to lure billions of dollars by getting its bonds included in global indexes.The inflow, according to Deutsche Bank AG, hinges on the strategy Prime Minister Narendra Modi’s government uses for the issuance, and its size. The lender says the administration may consider these three options:1\. New BondsIndia could lure $10 billion, assuming the new securities account for 30% of the gross debt sales and switches for the year starting April 1. The issuance would take the stock of these bonds to $45 billion by the end of the fiscal year.This “is the cleanest route to take in some sense because you are starting a new series of bonds and designating them as special securities,” said Sameer Goel, head of Asia macro strategy at Deutsche Bank in Singapore.2\. Use Existing BenchmarksIndia could earn higher initial weights in global indexes by re-purposing existing bonds as special securities, Goel and his colleague Mallika Sachdeva wrote in a report last week.This scenario foresees the government conducting 30% of the next fiscal year’s gross sales and debt switches via four benchmark bonds -- 6.18% 2024, 7.27% 2026, 6.45% 2029, 7.57% 2033 -- with already $35 billion in outstanding stock.The government could fetch $18 billion via this route.3\. Reopen Old SecuritiesOpening up older securities with even more outstanding stock may help attract $22 billion.Under this scenario, Deutsche assumes reopening of four liquid bonds issued after 2015 -- 7.72% 2025, 6.97% 2026, 7.88% 2030, 6.57% 2033 -- that have a combined outstanding stock of $50 billion.Going down this road would lead to higher eventual weights of nearly 8% in the JPMorgan Global Bond Index and 0.16% in the Bloomberg Barclays Global Aggregate Bond Index, according to Deutsche’s report.Global funds have steeped up purchases of sovereign Indian bonds at the fastest pace in almost three years, thanks to the recent policies unveiled by the government and the central bank. Foreigners bought 127 billion rupees ($1.8 billion) of government debt as of Feb. 13, set for the highest monthly inflow since June 2017, data compiled by Bloomberg show.\--With assistance from Rahul Satija and Kartik Goyal.To contact the reporter on this story: Subhadip Sircar in Mumbai at ssircar3@bloomberg.netTo contact the editors responsible for this story: Tan Hwee Ann at hatan@bloomberg.net, Shikhar Balwani, Ravil ShirodkarFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.


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  • 10/27   German GDP Report Shows Economy Stagnating
    TECHNOLOGY TOPIC NEWS

    (Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world threatened by trade wars. Sign up here. The German economy stagnated at the end of 2019, leaving it in a weakened state even before the emergence of the new coronavirus threat.The performance caps a poor year for the country, when the worst manufacturing slump in a decade hobbled overall growth. The news Friday wasn’t all bad; third-quarter growth was revised up slightly and the economy avoided the contraction in the fourth quarter that some had feared.While the results should silence speculation for the moment that Germany is getting closer to a recession, they also paint a dire picture of the year ahead. 2020 was supposed to see recovery -- albeit modest -- an outlook that’s now in question amid continued weakness in industry plus fallout from the outbreak in China.Titans of the German corporate world are already feeling the impact of the epidemic. Volkswagen AG was among the companies forced to shut their Chinese plants because of the virus, and Daimler sees weaker Mercedes Benz sales this year.The latest round of bad news for Germany kicked off last week, with figures showing the biggest drop in industrial production since the global financial crisis a decade ago. While backward looking, the data put a dent in the recent brighter mood on the back of a pick up in some surveys.Domestic issues are adding to the uncertainty, with turmoil in government after the resignation of Annegret Kramp-Karrenbauer as head of Angela Merkel’s party and the chancellor’s intended successor.In its economic outlook this week, the European Commission singled out the coronavirus, which has killed more than 1,000 people in China as a “key downside risk.” While it raised the forecast for Germany, it still sees 2020 growth at only 1.1%.In the fourth quarter, the economy suffered from a sharp decline in private and public consumption and a significant drop in equipment investment. Trade also damped output as exports slipped and imports increased. Construction continued to expand.What Bloomberg’s Economists Say“The business surveys that give the best read on GDP suggest the outlook for 1Q is a little brighter. We don’t expect industry to weigh on growth as much as it did in 4Q and see a modest rebound in 1Q.”\-- Jamie Rush. Read the GERMANY REACTAny expectations for a rebound in 2020 hinge on China’s performance. The Asian country is a huge market for German companies. Outside the European Union, it’s second only to the U.S. in importance, with close to 100 billion euros ($108 billion) of sales a year.Manufacturer Osram Licht AG generates about 20% revenue in China and expects a hit to its bottom line because -- as with many companies -- it had to temporarily close a number of sites.The virus epidemic adds to the pile-on of problems for Germany, from car industry upheaval to the worst year for global trade in a decade. All that meant Germany suffered through a torrid 2019, turning from Europe’s growth engine to one of its weakest performers.For the auto sector, there are multiple issues: In addition to the challenge of staying relevant in the era of climate-change worries, the threat of U.S. tariffs is still hanging over its head.Bloomberg’s latest survey of economists sees Germany growing just 0.7% this year. The weakness has prompted calls for a fiscal stimulus package, though the government has long argued it’s not needed.(Updates with data breakdown in eighth paragraph)\--With assistance from Manus Cranny, Nejra Cehic, Kristian Siedenburg and Harumi Ichikura.To contact the reporters on this story: Fergal O'Brien in Zurich at fobrien@bloomberg.net;Richard Weiss in Frankfurt at rweiss5@bloomberg.netTo contact the editors responsible for this story: Daniel Schaefer at dschaefer36@bloomberg.net, Jana RandowFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

    (Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world threatened by trade wars. Sign up here. The German economy stagnated at the end of 2019, leaving it in a weakened state even before the emergence of the new coronavirus threat.The performance caps a poor year for the country, when the worst manufacturing slump in a decade hobbled overall growth. The news Friday wasn’t all bad; third-quarter growth was revised up slightly and the economy avoided the contraction in the fourth quarter that some had feared.While the results should silence speculation for the moment that Germany is getting closer to a recession, they also paint a dire picture of the year ahead. 2020 was supposed to see recovery -- albeit modest -- an outlook that’s now in question amid continued weakness in industry plus fallout from the outbreak in China.Titans of the German corporate world are already feeling the impact of the epidemic. Volkswagen AG was among the companies forced to shut their Chinese plants because of the virus, and Daimler sees weaker Mercedes Benz sales this year.The latest round of bad news for Germany kicked off last week, with figures showing the biggest drop in industrial production since the global financial crisis a decade ago. While backward looking, the data put a dent in the recent brighter mood on the back of a pick up in some surveys.Domestic issues are adding to the uncertainty, with turmoil in government after the resignation of Annegret Kramp-Karrenbauer as head of Angela Merkel’s party and the chancellor’s intended successor.In its economic outlook this week, the European Commission singled out the coronavirus, which has killed more than 1,000 people in China as a “key downside risk.” While it raised the forecast for Germany, it still sees 2020 growth at only 1.1%.In the fourth quarter, the economy suffered from a sharp decline in private and public consumption and a significant drop in equipment investment. Trade also damped output as exports slipped and imports increased. Construction continued to expand.What Bloomberg’s Economists Say“The business surveys that give the best read on GDP suggest the outlook for 1Q is a little brighter. We don’t expect industry to weigh on growth as much as it did in 4Q and see a modest rebound in 1Q.”\-- Jamie Rush. Read the GERMANY REACTAny expectations for a rebound in 2020 hinge on China’s performance. The Asian country is a huge market for German companies. Outside the European Union, it’s second only to the U.S. in importance, with close to 100 billion euros ($108 billion) of sales a year.Manufacturer Osram Licht AG generates about 20% revenue in China and expects a hit to its bottom line because -- as with many companies -- it had to temporarily close a number of sites.The virus epidemic adds to the pile-on of problems for Germany, from car industry upheaval to the worst year for global trade in a decade. All that meant Germany suffered through a torrid 2019, turning from Europe’s growth engine to one of its weakest performers.For the auto sector, there are multiple issues: In addition to the challenge of staying relevant in the era of climate-change worries, the threat of U.S. tariffs is still hanging over its head.Bloomberg’s latest survey of economists sees Germany growing just 0.7% this year. The weakness has prompted calls for a fiscal stimulus package, though the government has long argued it’s not needed.(Updates with data breakdown in eighth paragraph)\--With assistance from Manus Cranny, Nejra Cehic, Kristian Siedenburg and Harumi Ichikura.To contact the reporters on this story: Fergal O'Brien in Zurich at fobrien@bloomberg.net;Richard Weiss in Frankfurt at rweiss5@bloomberg.netTo contact the editors responsible for this story: Daniel Schaefer at dschaefer36@bloomberg.net, Jana RandowFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.


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  • 11/27   Wirecard Sticks to 2020 Guidance, Waits for Results of Audit
    TECHNOLOGY TOPIC NEWS

    (Bloomberg) -- Wirecard AG posted full-year revenue that beat the highest analyst estimates, at a time when the German payments processor struggles to move on from reports over alleged questionable accounting methods.In its preliminary results in a statement Friday, the company reported full year revenue of 2.8 billion euros ($3 billion), versus analyst projections of 2.7 billion euros.Wirecard also confirmed its 2020 outlook, which was slightly below analysts’ previous estimates, and posted 2019 earnings before interest, tax, depreciation and amortization of 785 million euros that missed the estimate of 792.3 million euros. The company will publish audited figures on April 8.Both Wirecard and investors are waiting on the findings of an independent audit into its accounting methods. Wirecard’s shares have whipsawed after media reports first raised allegations about its accounting methods, all of which the company has rejected. In an attempt to assuage rattled investors, Wirecard said in October it will give auditing firm KPMG unrestricted access to information.The payments processor also posted preliminary fourth quarter ebitda, adjusted for extraordinary expenses for audit, advisory and legal services, of 794 million euros.Read more: Wirecard Chairman Resigns in Midst of Accounting ControversyWirecard’s revenue soared in 2018 after it bought more than 15 companies in a few years. But in a series of articles last year, the Financial Times reported allegations of accounting fraud at Wirecard in Singapore and other Asian countries. The company hired law firm Rajah & Tann to investigate. A final report from the firm in March 2019 acknowledged accounting oversights and potential criminal liability among some Singapore staff, but didn’t find evidence of criminal activity linked to Wirecard’s German headquarters.The FT then reported in October that payments processed by a Dubai-based partner company in 2016 and 2017 may not have taken place. Wirecard called those allegations “total nonsense,” but controversy has continued to dog the company, a member of Germany’s benchmark DAX index.Wulf Matthias resigned as chairman of the supervisory board in January and was replaced by Thomas Eichelmann -- head of the body’s audit committee.Why Germany’s Wirecard Is No Stranger to Controversy: QuickTake(Updated with fourth quarter earnings)To contact the reporter on this story: Sarah Syed in London at ssyed35@bloomberg.netTo contact the editors responsible for this story: Giles Turner at gturner35@bloomberg.net, Edwin ChanFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

    (Bloomberg) -- Wirecard AG posted full-year revenue that beat the highest analyst estimates, at a time when the German payments processor struggles to move on from reports over alleged questionable accounting methods.In its preliminary results in a statement Friday, the company reported full year revenue of 2.8 billion euros ($3 billion), versus analyst projections of 2.7 billion euros.Wirecard also confirmed its 2020 outlook, which was slightly below analysts’ previous estimates, and posted 2019 earnings before interest, tax, depreciation and amortization of 785 million euros that missed the estimate of 792.3 million euros. The company will publish audited figures on April 8.Both Wirecard and investors are waiting on the findings of an independent audit into its accounting methods. Wirecard’s shares have whipsawed after media reports first raised allegations about its accounting methods, all of which the company has rejected. In an attempt to assuage rattled investors, Wirecard said in October it will give auditing firm KPMG unrestricted access to information.The payments processor also posted preliminary fourth quarter ebitda, adjusted for extraordinary expenses for audit, advisory and legal services, of 794 million euros.Read more: Wirecard Chairman Resigns in Midst of Accounting ControversyWirecard’s revenue soared in 2018 after it bought more than 15 companies in a few years. But in a series of articles last year, the Financial Times reported allegations of accounting fraud at Wirecard in Singapore and other Asian countries. The company hired law firm Rajah & Tann to investigate. A final report from the firm in March 2019 acknowledged accounting oversights and potential criminal liability among some Singapore staff, but didn’t find evidence of criminal activity linked to Wirecard’s German headquarters.The FT then reported in October that payments processed by a Dubai-based partner company in 2016 and 2017 may not have taken place. Wirecard called those allegations “total nonsense,” but controversy has continued to dog the company, a member of Germany’s benchmark DAX index.Wulf Matthias resigned as chairman of the supervisory board in January and was replaced by Thomas Eichelmann -- head of the body’s audit committee.Why Germany’s Wirecard Is No Stranger to Controversy: QuickTake(Updated with fourth quarter earnings)To contact the reporter on this story: Sarah Syed in London at ssyed35@bloomberg.netTo contact the editors responsible for this story: Giles Turner at gturner35@bloomberg.net, Edwin ChanFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.


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  • 12/27   Virus-hit Hong Kong says it with face masks, not flowers
    TECHNOLOGY TOPIC NEWS

    Hong Kong's flower markets are lamenting dismal Valentine's Day sales as the city battles the deadly coronavirus outbreak, with admirers joking that a box of face masks is a better way to say 'I love you' than a bouquet.  Aman Fong, an art director at a flower shop in the district of Mong Kok, says the usually bumper week leading up to Valentine's Day has been horrendous for business.

    Hong Kong's flower markets are lamenting dismal Valentine's Day sales as the city battles the deadly coronavirus outbreak, with admirers joking that a box of face masks is a better way to say 'I love you' than a bouquet. Aman Fong, an art director at a flower shop in the district of Mong Kok, says the usually bumper week leading up to Valentine's Day has been horrendous for business.


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  • 13/27   Cathay Pacific turns to old playbook for virus crisis amid employee resistance
    TECHNOLOGY TOPIC NEWS

    Leaning on its SARS experience, Hong Kong's Cathay Pacific Airways Ltd has slashed flights, asked staff to take unpaid leave and is re-assessing its fleet as it battles an epidemic and a crisis of morale after pro-democracy protests.  Cathay used a similar playbook during previous shocks, including the Severe Acute Respiratory Syndrome (SARS) epidemic and the global financial crisis, both of which it rebounded from relatively quickly.  This time, though, Cathay was already dealing with an internal crisis before the virus hit.

    Leaning on its SARS experience, Hong Kong's Cathay Pacific Airways Ltd has slashed flights, asked staff to take unpaid leave and is re-assessing its fleet as it battles an epidemic and a crisis of morale after pro-democracy protests. Cathay used a similar playbook during previous shocks, including the Severe Acute Respiratory Syndrome (SARS) epidemic and the global financial crisis, both of which it rebounded from relatively quickly. This time, though, Cathay was already dealing with an internal crisis before the virus hit.


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  • 14/27   HSBC, Shell Send Staff Home in H.K., Singapore on Virus Threats
    TECHNOLOGY TOPIC NEWS

    (Bloomberg) -- HSBC Holdings Plc and Royal Dutch Shell Plc are sending staff home in Hong Kong and Singapore after contact with people infected by the coronavirus, adding to concerns the disease will spread more broadly across the two Asian financial hubs.HSBC, which employs 21,000 people in Hong Kong, on Friday revealed one of its employees has been placed under government quarantine after “close contact” with relatives diagnosed with the coronavirus. The bank is contacting staff who may have recently come in close contact with the individual, and will advise them to observe 14-day self-care at home, according to a memo sent to staff, which was confirmed by a Hong Kong-based spokeswoman.“All employees have been reminded to be mindful of hygiene procedures and to stay at home or see a doctor if they feel unwell in any way,” the spokeswoman said. “HSBC will continue to closely monitor the development of the case and stay in close contact with health authorities.”Oil giant Shell sent some staff from its trading desks in Singapore home after an employee was found to have had contact with a coronavirus case, according to people familiar with the matter. Part of the company’s trading desks were already working remotely as part of a contingency plan, but now all will need to work from home.Companies in Hong Kong and Singapore have begun taking heightened cautionary measures from closing bank branches, to temperature checks and to having employees work from home or alternative sites as well as self-quarantining to protect staff. Recessions are now threatening the two financial hubs, which have seen the largest number of confirmed cases outside China, excluding an outbreak on a cruise ship quarantined in Yokohama, Japan.The virus has so far killed more than 1,300 people, mainly in mainland China. Hong Kong has reported one death and 53 confirmed cases. Singapore has 58 confirmed cases.The HSBC employee has been under self-care since Wednesday after appearing at the bank’s main office in central Hong Kong for three days from the end of January. The person also visited another office in Tseung Kwan O, an area in eastern Hong Kong, earlier this month and took a shuttle bus from Taikoo to Tseung Kwan O.In an emailed statement, Shell confirmed that an employee had close contact with a coronavirus case. As a precautionary measure, the firm advised colleagues that had close contact with the employee to work from home with immediate effect until further notice, according to the statement.Shell said its operations aren’t impacted by the development.Other companies in Singapore’s business district have confirmed at least three infections, one of which caused DBS Group Holdings Ltd. to ask staff on Level 43 of its Marina Bay Financial Centre Tower 3 headquarters to work from home.Recession could be a possibility in Singapore as the country battles the coronavirus outbreak, the Straits Times reported, citing comments from Prime Minister Lee Hsien Loong.MUFG EmployeeJapan’s Mitsubishi UFJ Financial Group Inc. also quarantined an employee at home in Hong Kong after a family member was suspected of being infected, Bloomberg reported on Thursday. The employee, who works at the Quarry Bay office, is not infected. As a precautionary measure, other colleagues in the same office were also quarantined until further notice, according to a memo seen by Bloomberg.Along with other banks, HSBC is rolling out relief measures to help Hong Kongers cope with the virus outbreak that is weighing on the city’s retail and tourism industries. Europe’s biggest finance company by market value said on Sunday it’s providing more than HK$30 billion ($3.9 billion) in liquidity relief to its business customers and announced other measures Thursday to ease the financial burden on personal customers.\--With assistance from Fion Li, Neha D'silva and Serene Cheong.To contact the reporters on this story: Alfred Liu in Hong Kong at aliu226@bloomberg.net;Stephen Stapczynski in Singapore at sstapczynsk1@bloomberg.net;Alfred Cang in Singapore at acang@bloomberg.netTo contact the editors responsible for this story: Candice Zachariahs at czachariahs2@bloomberg.net, ;Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net, Jonas Bergman, Jun LuoFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

    (Bloomberg) -- HSBC Holdings Plc and Royal Dutch Shell Plc are sending staff home in Hong Kong and Singapore after contact with people infected by the coronavirus, adding to concerns the disease will spread more broadly across the two Asian financial hubs.HSBC, which employs 21,000 people in Hong Kong, on Friday revealed one of its employees has been placed under government quarantine after “close contact” with relatives diagnosed with the coronavirus. The bank is contacting staff who may have recently come in close contact with the individual, and will advise them to observe 14-day self-care at home, according to a memo sent to staff, which was confirmed by a Hong Kong-based spokeswoman.“All employees have been reminded to be mindful of hygiene procedures and to stay at home or see a doctor if they feel unwell in any way,” the spokeswoman said. “HSBC will continue to closely monitor the development of the case and stay in close contact with health authorities.”Oil giant Shell sent some staff from its trading desks in Singapore home after an employee was found to have had contact with a coronavirus case, according to people familiar with the matter. Part of the company’s trading desks were already working remotely as part of a contingency plan, but now all will need to work from home.Companies in Hong Kong and Singapore have begun taking heightened cautionary measures from closing bank branches, to temperature checks and to having employees work from home or alternative sites as well as self-quarantining to protect staff. Recessions are now threatening the two financial hubs, which have seen the largest number of confirmed cases outside China, excluding an outbreak on a cruise ship quarantined in Yokohama, Japan.The virus has so far killed more than 1,300 people, mainly in mainland China. Hong Kong has reported one death and 53 confirmed cases. Singapore has 58 confirmed cases.The HSBC employee has been under self-care since Wednesday after appearing at the bank’s main office in central Hong Kong for three days from the end of January. The person also visited another office in Tseung Kwan O, an area in eastern Hong Kong, earlier this month and took a shuttle bus from Taikoo to Tseung Kwan O.In an emailed statement, Shell confirmed that an employee had close contact with a coronavirus case. As a precautionary measure, the firm advised colleagues that had close contact with the employee to work from home with immediate effect until further notice, according to the statement.Shell said its operations aren’t impacted by the development.Other companies in Singapore’s business district have confirmed at least three infections, one of which caused DBS Group Holdings Ltd. to ask staff on Level 43 of its Marina Bay Financial Centre Tower 3 headquarters to work from home.Recession could be a possibility in Singapore as the country battles the coronavirus outbreak, the Straits Times reported, citing comments from Prime Minister Lee Hsien Loong.MUFG EmployeeJapan’s Mitsubishi UFJ Financial Group Inc. also quarantined an employee at home in Hong Kong after a family member was suspected of being infected, Bloomberg reported on Thursday. The employee, who works at the Quarry Bay office, is not infected. As a precautionary measure, other colleagues in the same office were also quarantined until further notice, according to a memo seen by Bloomberg.Along with other banks, HSBC is rolling out relief measures to help Hong Kongers cope with the virus outbreak that is weighing on the city’s retail and tourism industries. Europe’s biggest finance company by market value said on Sunday it’s providing more than HK$30 billion ($3.9 billion) in liquidity relief to its business customers and announced other measures Thursday to ease the financial burden on personal customers.\--With assistance from Fion Li, Neha D'silva and Serene Cheong.To contact the reporters on this story: Alfred Liu in Hong Kong at aliu226@bloomberg.net;Stephen Stapczynski in Singapore at sstapczynsk1@bloomberg.net;Alfred Cang in Singapore at acang@bloomberg.netTo contact the editors responsible for this story: Candice Zachariahs at czachariahs2@bloomberg.net, ;Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net, Jonas Bergman, Jun LuoFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.


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  • 15/27   IRRAS AB Publishes Interim Report for the Period January to December 2019
    TECHNOLOGY TOPIC NEWS

    "The fourth quarter of 2019 was an important period of progress for IRRAS. We accomplished the remaining corporate milestones for the year, highlighted by the renewed CE Mark for the IRRAflow® catheter in the European Union (EU) and the launch of our Hummingbird ICP Monitoring product line in the United States (US). Importantly, our impact to patients continues to broaden and deepen. Since the launch of IRRAflow, we have completed successful patient treatments in seven major markets, including the US, Germany, Finland, Austria, Hong Kong, Israel, and Kuwait.

    "The fourth quarter of 2019 was an important period of progress for IRRAS. We accomplished the remaining corporate milestones for the year, highlighted by the renewed CE Mark for the IRRAflow® catheter in the European Union (EU) and the launch of our Hummingbird ICP Monitoring product line in the United States (US). Importantly, our impact to patients continues to broaden and deepen. Since the launch of IRRAflow, we have completed successful patient treatments in seven major markets, including the US, Germany, Finland, Austria, Hong Kong, Israel, and Kuwait.


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  • 16/27   Electric shock: China power demand drops as coronavirus shutters plants
    TECHNOLOGY TOPIC NEWS

    China's industrial power demand in 2020 may decline by as much as 73 billion kilowatt hours (kWh), according to IHS Markit, as the outbreak of the coronavirus has curtailed factory output and prevented some workers from returning to their jobs.  The cut represents about 1.5% of industrial power consumption in China.  The coal figure is more than China's average monthly imports last year while the LNG figure is a little more than one month of imports, based on customs data.

    China's industrial power demand in 2020 may decline by as much as 73 billion kilowatt hours (kWh), according to IHS Markit, as the outbreak of the coronavirus has curtailed factory output and prevented some workers from returning to their jobs. The cut represents about 1.5% of industrial power consumption in China. The coal figure is more than China's average monthly imports last year while the LNG figure is a little more than one month of imports, based on customs data.


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  • 17/27   Norway Central Bank Chief Warns of Meddling With Wealth Fund
    TECHNOLOGY TOPIC NEWS

    (Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Norway’s central bank governor warned politicians against meddling too much with the country’s massive sovereign wealth fund and of overspending its oil wealth.In his annual speech to the nation’s political and business elite on Thursday, Norges Bank Governor Oystein Olsen renewed warnings that politicians should resist micro-managing the $1.2 trillion sovereign wealth fund, the world’s biggest. His comments come after a series of political initiatives over the past years to alter the fund’s mandate on issues ranging from climate change to gambling.“The capital is to be invested with one -- and only one aim: the highest possible return at an acceptable risk,” Olsen said, according to a transcript of his speech. “If there were several different objectives, they would have to be weighed against each other. That would be a demanding task for an investment manager.”The leader of Norway’s opposition Labor Party, the biggest political group in the country, dropped a bombshell last year when he said the fund should be viewed as a “political tool” and focus more on green energy. The fund itself already invests according to a broad set of ethical guidelines, and some politicians and bureaucrats have voiced concerns it is being perceived as increasingly activist.Olsen was widely interpreted as responding to Labor leader Jonas Gahr Store, who could take over as prime minister after next year’s election according to current polls. Store on Friday said that he had merely been stating the obvious, but doubled down on his comments.“There isn’t one fund in the world today where the board and the owners aren’t discussing what climate change means, what climate risk means, and how we can contribute to the emergence of renewable energy and new technology,” he told broadcaster NRK.The fund, which is managed by a unit of the central bank, was set up in the 1990s to help the oil rich nation avoid economic overheating by channeling its income from fossil fuels into investments outside its borders. Those investments -- in equities, bonds and more recently real estate -- have brought in such vast returns that the fund now amounts to more than 10.7 trillion kroner ($1.2 trillion).Fiscal RuleThe fund’s rapid rise, especially in recent years, has given Norwegian governments greater leeway although spending remains limited by a self-imposed cap of 3% of the fund’s value each year. Oil spending surged in the decade through 2019 to 235 billion kroner, according to the government’s latest estimates.The fund’s rise is also a reminder of how quickly things can shift, Olsen warned. A stock rout comparable to the one in 2008 would reduce its value by almost 30%, he said.There’s no alternative to Norway’s fiscal spending rule as a long-term guideline, but politicians should beware of using it too literally on a year-to-year basis, Olsen said in an interview ahead of the speech, in which he qualifies the current spending level as “high.”“3% of something that fluctuates a lot isn’t the best guidance for fiscal policy on an annual basis,” he said. “The fiscal rule doesn’t play the same role as before. Now it’s more a question of discretion.”Big TechOne threat to the fund’s value is a “downward potential” for its holdings in the world’s biggest technology companies, which could be the target of higher taxes, Olsen said. The fund’s two biggest stock holdings at the end of September were Microsoft Corp. and Apple Inc., accounting for $20 billion alone. Low interest rates will also catch up with the fund’s bonds as they mature, after first boosting the securities’ value, he said.See what Olsen said in last year’s speech(Updates with Labor comment from fifth paragraph)To contact the reporter on this story: Mikael Holter in Oslo at mholter2@bloomberg.netTo contact the editors responsible for this story: Tasneem Hanfi Brögger at tbrogger@bloomberg.net, Stephen Treloar, Nick RigilloFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

    (Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Norway’s central bank governor warned politicians against meddling too much with the country’s massive sovereign wealth fund and of overspending its oil wealth.In his annual speech to the nation’s political and business elite on Thursday, Norges Bank Governor Oystein Olsen renewed warnings that politicians should resist micro-managing the $1.2 trillion sovereign wealth fund, the world’s biggest. His comments come after a series of political initiatives over the past years to alter the fund’s mandate on issues ranging from climate change to gambling.“The capital is to be invested with one -- and only one aim: the highest possible return at an acceptable risk,” Olsen said, according to a transcript of his speech. “If there were several different objectives, they would have to be weighed against each other. That would be a demanding task for an investment manager.”The leader of Norway’s opposition Labor Party, the biggest political group in the country, dropped a bombshell last year when he said the fund should be viewed as a “political tool” and focus more on green energy. The fund itself already invests according to a broad set of ethical guidelines, and some politicians and bureaucrats have voiced concerns it is being perceived as increasingly activist.Olsen was widely interpreted as responding to Labor leader Jonas Gahr Store, who could take over as prime minister after next year’s election according to current polls. Store on Friday said that he had merely been stating the obvious, but doubled down on his comments.“There isn’t one fund in the world today where the board and the owners aren’t discussing what climate change means, what climate risk means, and how we can contribute to the emergence of renewable energy and new technology,” he told broadcaster NRK.The fund, which is managed by a unit of the central bank, was set up in the 1990s to help the oil rich nation avoid economic overheating by channeling its income from fossil fuels into investments outside its borders. Those investments -- in equities, bonds and more recently real estate -- have brought in such vast returns that the fund now amounts to more than 10.7 trillion kroner ($1.2 trillion).Fiscal RuleThe fund’s rapid rise, especially in recent years, has given Norwegian governments greater leeway although spending remains limited by a self-imposed cap of 3% of the fund’s value each year. Oil spending surged in the decade through 2019 to 235 billion kroner, according to the government’s latest estimates.The fund’s rise is also a reminder of how quickly things can shift, Olsen warned. A stock rout comparable to the one in 2008 would reduce its value by almost 30%, he said.There’s no alternative to Norway’s fiscal spending rule as a long-term guideline, but politicians should beware of using it too literally on a year-to-year basis, Olsen said in an interview ahead of the speech, in which he qualifies the current spending level as “high.”“3% of something that fluctuates a lot isn’t the best guidance for fiscal policy on an annual basis,” he said. “The fiscal rule doesn’t play the same role as before. Now it’s more a question of discretion.”Big TechOne threat to the fund’s value is a “downward potential” for its holdings in the world’s biggest technology companies, which could be the target of higher taxes, Olsen said. The fund’s two biggest stock holdings at the end of September were Microsoft Corp. and Apple Inc., accounting for $20 billion alone. Low interest rates will also catch up with the fund’s bonds as they mature, after first boosting the securities’ value, he said.See what Olsen said in last year’s speech(Updates with Labor comment from fifth paragraph)To contact the reporter on this story: Mikael Holter in Oslo at mholter2@bloomberg.netTo contact the editors responsible for this story: Tasneem Hanfi Brögger at tbrogger@bloomberg.net, Stephen Treloar, Nick RigilloFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.


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  • 18/27   Renault Slashes Dividend, Posts Profit Below Estimates
    TECHNOLOGY TOPIC NEWS

    (Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Renault SA slashed its annual dividend and reported full-year profit that missed estimates after sales declined and income from partner Nissan Motor Co. dropped by 84%.Renault’s 2019 dividend will fall by more than two-thirds to 1.10 euros a share, it said Friday. The French carmaker owns 43% of Nissan, which scrapped its own year-end payout to investors. Operating income at Renault dropped 30% to 2.11 billion euros ($2.29 billion).“We aren’t satisfied with our results,” Acting Chief Executive Officer Clotilde Delbos said in a presentation to analysts.The decline comes after 15 months of upheaval at the French carmaker that began with the departure of Chairman and CEO Carlos Ghosn following his arrest in Japan on charges of financial wrongdoing. Ghosn, who has denied the allegations, was facing trial in Japan until he made a dramatic escape to Lebanon at the end of December.For 2020, the carmaker sees annual revenues in line with 2019, leaving aside currency swings, and a group operating margin of between 3% and 4%. It forecasts positive automotive operating free cash flow before restructuring expenses, adding that expected volatility in Europe in light of new emissions rules and the potential impacts of the coronavirus cloud the outlook.Nissan ImpactRenault lowered its guidance for 2019 revenue and profit in October, saying weakening economies weighed on car sales in key markets while tougher rules on emissions pushed up costs. A deteriorating performance at Nissan has also hit results. Its contribution to Renault’s results plunged to 242 million euros last year from 1.51 billion euros the year before.Nissan’s total dividend for its fiscal year ending in March is on track to be 10 yen (9 cents) a share, including an earlier interim payout. That compares with 57 yen the previous year.Last month, Renault named former Volkswagen AG executive Luca de Meo as CEO, starting in July. He and Chairman Jean-Dominique Senard will be charged with turning the page on a troubled era and shoring up Renault’s alliance with Nissan. Sorting out their differences is crucial as automakers face the costly and uncertain transition to electric vehicles.Read more: Nissan Is Worth Less Than Subaru After Shares PlummetShares of each company have fallen by more than a third in the past 12 months, and both are trading at the lowest levels in around seven years.Now the industry faces a challenge from the coronavirus. While Renault sells relatively few cars in China, it operates a factory with partner Dongfeng Motor Co. in Wuhan, the city at the epicenter of the outbreak. Its supply chain is also reliant on the country. Fiat Chrysler Automobiles NV said last week that it may have to temporarily close a European plant in the next few weeks if the impact from the outbreak worsens.Get more:See statementFY revenue 55.5 billion euros vs 55.4 billion-euro estimateFY group operating margin 4.8% vs 6.3% in 2018FY positive automotive operational free cash flow 153 million eurosRenault books a 753 million-euro charge related to the discontinuation of the recognition of deferred tax assets on tax losses in FranceFY net income group share falls to loss of 141 million euros vs profit of 3.3 billion euros in 2018(Updates with deferred tax assets-related charge and details throughout)To contact the reporter on this story: Angelina Rascouet in Paris at arascouet1@bloomberg.netTo contact the editors responsible for this story: Anthony Palazzo at apalazzo@bloomberg.net, Frank ConnellyFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

    (Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Renault SA slashed its annual dividend and reported full-year profit that missed estimates after sales declined and income from partner Nissan Motor Co. dropped by 84%.Renault’s 2019 dividend will fall by more than two-thirds to 1.10 euros a share, it said Friday. The French carmaker owns 43% of Nissan, which scrapped its own year-end payout to investors. Operating income at Renault dropped 30% to 2.11 billion euros ($2.29 billion).“We aren’t satisfied with our results,” Acting Chief Executive Officer Clotilde Delbos said in a presentation to analysts.The decline comes after 15 months of upheaval at the French carmaker that began with the departure of Chairman and CEO Carlos Ghosn following his arrest in Japan on charges of financial wrongdoing. Ghosn, who has denied the allegations, was facing trial in Japan until he made a dramatic escape to Lebanon at the end of December.For 2020, the carmaker sees annual revenues in line with 2019, leaving aside currency swings, and a group operating margin of between 3% and 4%. It forecasts positive automotive operating free cash flow before restructuring expenses, adding that expected volatility in Europe in light of new emissions rules and the potential impacts of the coronavirus cloud the outlook.Nissan ImpactRenault lowered its guidance for 2019 revenue and profit in October, saying weakening economies weighed on car sales in key markets while tougher rules on emissions pushed up costs. A deteriorating performance at Nissan has also hit results. Its contribution to Renault’s results plunged to 242 million euros last year from 1.51 billion euros the year before.Nissan’s total dividend for its fiscal year ending in March is on track to be 10 yen (9 cents) a share, including an earlier interim payout. That compares with 57 yen the previous year.Last month, Renault named former Volkswagen AG executive Luca de Meo as CEO, starting in July. He and Chairman Jean-Dominique Senard will be charged with turning the page on a troubled era and shoring up Renault’s alliance with Nissan. Sorting out their differences is crucial as automakers face the costly and uncertain transition to electric vehicles.Read more: Nissan Is Worth Less Than Subaru After Shares PlummetShares of each company have fallen by more than a third in the past 12 months, and both are trading at the lowest levels in around seven years.Now the industry faces a challenge from the coronavirus. While Renault sells relatively few cars in China, it operates a factory with partner Dongfeng Motor Co. in Wuhan, the city at the epicenter of the outbreak. Its supply chain is also reliant on the country. Fiat Chrysler Automobiles NV said last week that it may have to temporarily close a European plant in the next few weeks if the impact from the outbreak worsens.Get more:See statementFY revenue 55.5 billion euros vs 55.4 billion-euro estimateFY group operating margin 4.8% vs 6.3% in 2018FY positive automotive operational free cash flow 153 million eurosRenault books a 753 million-euro charge related to the discontinuation of the recognition of deferred tax assets on tax losses in FranceFY net income group share falls to loss of 141 million euros vs profit of 3.3 billion euros in 2018(Updates with deferred tax assets-related charge and details throughout)To contact the reporter on this story: Angelina Rascouet in Paris at arascouet1@bloomberg.netTo contact the editors responsible for this story: Anthony Palazzo at apalazzo@bloomberg.net, Frank ConnellyFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.


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  • 19/27   Cathay Pacific turns to old playbook for virus crisis amid employee resistance
    TECHNOLOGY TOPIC NEWS

    Leaning on its SARS experience, Hong Kong's Cathay Pacific Airways Ltd  has slashed flights, asked staff to take unpaid leave and is re-assessing its fleet as it battles an epidemic and a crisis of morale after pro-democracy protests.  Cathay used a similar playbook during previous shocks, including the Severe Acute Respiratory Syndrome (SARS) epidemic and the global financial crisis, both of which it rebounded from relatively quickly.  This time, though, Cathay was already dealing with an internal crisis before the virus hit.

    Leaning on its SARS experience, Hong Kong's Cathay Pacific Airways Ltd has slashed flights, asked staff to take unpaid leave and is re-assessing its fleet as it battles an epidemic and a crisis of morale after pro-democracy protests. Cathay used a similar playbook during previous shocks, including the Severe Acute Respiratory Syndrome (SARS) epidemic and the global financial crisis, both of which it rebounded from relatively quickly. This time, though, Cathay was already dealing with an internal crisis before the virus hit.


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  • 20/27   Oil Set for Weekly Gain After Finding Floor Amid Virus Confusion
    TECHNOLOGY TOPIC NEWS

    (Bloomberg) -- Oil headed for its first weekly gain since early January after prices found a floor amid uncertainty over how the coronavirus will play out and whether OPEC+ will respond with additional production cuts.Crude has staged a recovery since closing at a 13-month low Monday, despite a sharp increase in the number of cases reported in China’s Hubei province after authorities changed their method for counting infections. The World Health Organization said the spike doesn’t necessarily reflect a sudden surge in new infections, with many of the added cases dating back days and weeks.The three big oil forecasters -- the Organization for Petroleum Exporting Countries, the International Energy Agency and the U.S. Energy Information Administration -- have all cut their demand estimates due to the virus but there’s a wide divergence between them. The other big uncertainty is whether Russia will back an OPEC+ proposal to temporarily deepen output reductions by 600,000 barrels a day in the second quarter.See also: Coronavirus Will Hit Oil Hard. That’s Where the Consensus EndsThe recent strength in oil prices could signal that much of the coronavirus-driven news has been priced in, Stephen Innes, Asia Pacific market strategist at AxiCorp, said in a note. “Barring an acceleration of new infections, markets should remain relatively supported until we get the first-look data surrounding supply chains and demand contraction knock-on effects in China.”West Texas Intermediate crude for March delivery rose 0.1% to $51.48 a barrel on the New York Mercantile Exchange as of 7:15 a.m. in London after closing 0.5% higher on Thursday. It’s up 2.3% since Feb. 7, set for the first weekly gain since Jan. 3.Brent for April settlement was little changed at $56.35 a barrel on the ICE Futures Europe exchange, and has risen 3.5% so far this week. The global benchmark for crude traded at a $4.65 premium to WTI for the same month.See also: Traders Turn to TomTom for Clues on China’s Commodity DemandThe International Energy Agency is the most bearish of the three forecasters. It’s predicting an oil demand contraction of 435,000 barrels a day this quarter, which would be the first drop in consumption in a decade. That outlook is 1.3 million barrels a day lower than the IEA’s estimate a month ago, a downgrade three times as big as OPEC’s. The EIA is in the middle.Meanwhile, Russia continues to leave its decision on whether to back the cartel’s deeper production cuts hanging, keeping the market in limbo.\--With assistance from James Thornhill.To contact the reporter on this story: Elizabeth Low in Singapore at elow39@bloomberg.netTo contact the editors responsible for this story: Serene Cheong at scheong20@bloomberg.net, Andrew Janes, Dan MurtaughFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

    (Bloomberg) -- Oil headed for its first weekly gain since early January after prices found a floor amid uncertainty over how the coronavirus will play out and whether OPEC+ will respond with additional production cuts.Crude has staged a recovery since closing at a 13-month low Monday, despite a sharp increase in the number of cases reported in China’s Hubei province after authorities changed their method for counting infections. The World Health Organization said the spike doesn’t necessarily reflect a sudden surge in new infections, with many of the added cases dating back days and weeks.The three big oil forecasters -- the Organization for Petroleum Exporting Countries, the International Energy Agency and the U.S. Energy Information Administration -- have all cut their demand estimates due to the virus but there’s a wide divergence between them. The other big uncertainty is whether Russia will back an OPEC+ proposal to temporarily deepen output reductions by 600,000 barrels a day in the second quarter.See also: Coronavirus Will Hit Oil Hard. That’s Where the Consensus EndsThe recent strength in oil prices could signal that much of the coronavirus-driven news has been priced in, Stephen Innes, Asia Pacific market strategist at AxiCorp, said in a note. “Barring an acceleration of new infections, markets should remain relatively supported until we get the first-look data surrounding supply chains and demand contraction knock-on effects in China.”West Texas Intermediate crude for March delivery rose 0.1% to $51.48 a barrel on the New York Mercantile Exchange as of 7:15 a.m. in London after closing 0.5% higher on Thursday. It’s up 2.3% since Feb. 7, set for the first weekly gain since Jan. 3.Brent for April settlement was little changed at $56.35 a barrel on the ICE Futures Europe exchange, and has risen 3.5% so far this week. The global benchmark for crude traded at a $4.65 premium to WTI for the same month.See also: Traders Turn to TomTom for Clues on China’s Commodity DemandThe International Energy Agency is the most bearish of the three forecasters. It’s predicting an oil demand contraction of 435,000 barrels a day this quarter, which would be the first drop in consumption in a decade. That outlook is 1.3 million barrels a day lower than the IEA’s estimate a month ago, a downgrade three times as big as OPEC’s. The EIA is in the middle.Meanwhile, Russia continues to leave its decision on whether to back the cartel’s deeper production cuts hanging, keeping the market in limbo.\--With assistance from James Thornhill.To contact the reporter on this story: Elizabeth Low in Singapore at elow39@bloomberg.netTo contact the editors responsible for this story: Serene Cheong at scheong20@bloomberg.net, Andrew Janes, Dan MurtaughFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.


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  • 21/27   Notice: 3rd Quarter Results of Fiscal Year Ending March 31, 2020
    TECHNOLOGY TOPIC NEWS

    Prospect Co., Ltd., (the "Company") has announced 3rd quarter results of fiscal year ending March 31, 2020 on February 14, 2020.

    Prospect Co., Ltd., (the "Company") has announced 3rd quarter results of fiscal year ending March 31, 2020 on February 14, 2020.


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  • 22/27   Year-End Report 1 January - 31 December 2019
    TECHNOLOGY TOPIC NEWS

    "We summarize 2019 and note that: RaySearch continues to develop at a rapid pace. Order intake rose 30 percent and cash flow adjusted for amortization of bank loans increased to SEK 72 M (-48). Product development proceeds according to plan."

    "We summarize 2019 and note that: RaySearch continues to develop at a rapid pace. Order intake rose 30 percent and cash flow adjusted for amortization of bank loans increased to SEK 72 M (-48). Product development proceeds according to plan."


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  • 23/27   Stock Futures Edge Up With Scrutiny on Virus Count: Markets Wrap
    TECHNOLOGY TOPIC NEWS

    (Bloomberg) -- U.S. and European stock futures edged up as traders took in the latest China data on the coronavirus, which showed a daily increase in Hubei cases that’s smaller than yesterday’s, though still bigger than before the methodology changed.In Asia, Japanese shares fell, while equities in Hong Kong, Shanghai and Seoul advanced. Both global stocks and bond yields are set for weekly advances on optimism about a V-shaped economic recovery from the virus. The yuan continues to trade stronger than 7 per dollar, and oil is above $51 a barrel in New York. Treasuries ticked higher and the yen was little changed.Hubei, the province at the epicenter of the coronavirus, reported almost 5,000 new cases, a day after confirming nearly 15,000. The death toll in China was at 1,380, lowered by more than 100 to account for some double-counting. Earlier, the World Health Organization said a surge in coronavirus diagnoses didn’t necessarily indicate a spike in infections, which had helped to lift risk appetite. E-commerce giant Alibaba Group warned that the disease is having a fundamental impact on China’s economy.“The difficulty with trading these things is timing -- and right here, right now, we are not through the woods yet with the coronavirus,” said Kyle Rodda, market analyst at IG Markets Ltd. “You look for those signals to suggest that effectively we are looking at that kind of V-shaped recovery that is still potentially on the cards.”Meantime, the Federal Reserve Bank of New York said it will shrink its repurchase-agreement operations more than analysts expected. The yield curve flattened.These are the main moves in markets:StocksFutures on the S&P 500 were up 0.2% as of 7:13 a.m. in London. The gauge dipped 0.2% on Thursday.Euro Stoxx 50 futures were up 0.1%.Japan’s Topix index fell 0.6%.Hong Kong’s Hang Seng was up 0.4%.The Shanghai Composite rose 0.4%.South Korea’s Kospi index added 0.5%.Australia’s S&P/ASX 200 Index rose 0.4%.CurrenciesThe yen was at 109.80 per dollar, little changed.The offshore yuan was flat at 6.9877 per dollar.The pound was at $1.3051 after rising 0.7%.The euro bought $1.0839.BondsThe yield on 10-year Treasuries fell about two basis points to 1.60%.Australia’s 10-year yield was little changed at 1.05%.CommoditiesWest Texas Intermediate crude was little changed at $51.48 a barrel.Gold was at $1,575 an ounce.\--With assistance from Toshiro Hasegawa.To contact the reporter on this story: Adam Haigh in Sydney at ahaigh1@bloomberg.netTo contact the editor responsible for this story: Christopher Anstey at canstey@bloomberg.netFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

    (Bloomberg) -- U.S. and European stock futures edged up as traders took in the latest China data on the coronavirus, which showed a daily increase in Hubei cases that’s smaller than yesterday’s, though still bigger than before the methodology changed.In Asia, Japanese shares fell, while equities in Hong Kong, Shanghai and Seoul advanced. Both global stocks and bond yields are set for weekly advances on optimism about a V-shaped economic recovery from the virus. The yuan continues to trade stronger than 7 per dollar, and oil is above $51 a barrel in New York. Treasuries ticked higher and the yen was little changed.Hubei, the province at the epicenter of the coronavirus, reported almost 5,000 new cases, a day after confirming nearly 15,000. The death toll in China was at 1,380, lowered by more than 100 to account for some double-counting. Earlier, the World Health Organization said a surge in coronavirus diagnoses didn’t necessarily indicate a spike in infections, which had helped to lift risk appetite. E-commerce giant Alibaba Group warned that the disease is having a fundamental impact on China’s economy.“The difficulty with trading these things is timing -- and right here, right now, we are not through the woods yet with the coronavirus,” said Kyle Rodda, market analyst at IG Markets Ltd. “You look for those signals to suggest that effectively we are looking at that kind of V-shaped recovery that is still potentially on the cards.”Meantime, the Federal Reserve Bank of New York said it will shrink its repurchase-agreement operations more than analysts expected. The yield curve flattened.These are the main moves in markets:StocksFutures on the S&P 500 were up 0.2% as of 7:13 a.m. in London. The gauge dipped 0.2% on Thursday.Euro Stoxx 50 futures were up 0.1%.Japan’s Topix index fell 0.6%.Hong Kong’s Hang Seng was up 0.4%.The Shanghai Composite rose 0.4%.South Korea’s Kospi index added 0.5%.Australia’s S&P/ASX 200 Index rose 0.4%.CurrenciesThe yen was at 109.80 per dollar, little changed.The offshore yuan was flat at 6.9877 per dollar.The pound was at $1.3051 after rising 0.7%.The euro bought $1.0839.BondsThe yield on 10-year Treasuries fell about two basis points to 1.60%.Australia’s 10-year yield was little changed at 1.05%.CommoditiesWest Texas Intermediate crude was little changed at $51.48 a barrel.Gold was at $1,575 an ounce.\--With assistance from Toshiro Hasegawa.To contact the reporter on this story: Adam Haigh in Sydney at ahaigh1@bloomberg.netTo contact the editor responsible for this story: Christopher Anstey at canstey@bloomberg.netFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.


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  • 24/27   LeoVegas AB Q4: Quarterly Report 1 October- 31 December 2019, LeoVegas Reiterates its Long-term Financial Targets, Remove Short Term Financial Targets and Raises the Dividend
    TECHNOLOGY TOPIC NEWS

    "We have entered 2020 with good underlying growth and profitability, and an ever-stronger balance sheet" - Gustaf Hagman, Group CEO

    "We have entered 2020 with good underlying growth and profitability, and an ever-stronger balance sheet" - Gustaf Hagman, Group CEO


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  • 25/27   Dying a desperate death: A Wuhan family's coronavirus ordeal
    TECHNOLOGY TOPIC NEWS

    There were no doctors, nurses or medical equipment at the Wuhan hotel converted into a temporary quarantine facility for suspected coronavirus patients when brothers Wang Xiangkai and Wang Xiangyou arrived two weeks ago.  The Wangs are among tens of thousands of families devastated by the coronavirus in Wuhan, where the medical system has been overwhelmed by the outbreak, despite massive reinforcements and two speedily built new hospitals.  'What did we do to deserve such punishment?' Wang Wenjun, Xiangkai's daughter, said over the phone to Reuters.

    There were no doctors, nurses or medical equipment at the Wuhan hotel converted into a temporary quarantine facility for suspected coronavirus patients when brothers Wang Xiangkai and Wang Xiangyou arrived two weeks ago. The Wangs are among tens of thousands of families devastated by the coronavirus in Wuhan, where the medical system has been overwhelmed by the outbreak, despite massive reinforcements and two speedily built new hospitals. 'What did we do to deserve such punishment?' Wang Wenjun, Xiangkai's daughter, said over the phone to Reuters.


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  • 26/27   KLM apologizes after airliner crew's coronavirus toilet note sparks outrage in South Korea
    TECHNOLOGY TOPIC NEWS

    KLM, the Dutch arm of Air France KLM , offered a public apology on Friday after a crew member sparked online outrage by posting a sign in Korean saying passengers on a recent flight were not allowed to use a toilet because of the new coronavirus.  Photos of the handwritten sign saying 'lavatory for crew members only' went viral in South Korea this week after a passenger on a 10-hour flight from Amsterdam to Seoul's Incheon airport on Monday shared the images online.  The passenger accused KLM of discriminating against South Korean passengers because the sign was only in Korean.

    KLM, the Dutch arm of Air France KLM , offered a public apology on Friday after a crew member sparked online outrage by posting a sign in Korean saying passengers on a recent flight were not allowed to use a toilet because of the new coronavirus. Photos of the handwritten sign saying 'lavatory for crew members only' went viral in South Korea this week after a passenger on a 10-hour flight from Amsterdam to Seoul's Incheon airport on Monday shared the images online. The passenger accused KLM of discriminating against South Korean passengers because the sign was only in Korean.


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  • 27/27   KLM apologizes after airliner crew's coronavirus toilet note sparks outrage in South Korea
    TECHNOLOGY TOPIC NEWS

    KLM, the Dutch arm of Air France KLM , offered a public apology on Friday after a crew member sparked online outrage by posting a sign in Korean saying passengers on a recent flight were not allowed to use a toilet because of the new coronavirus.  Photos of the handwritten sign saying 'lavatory for crew members only' went viral in South Korea this week after a passenger on a 10-hour flight from Amsterdam to Seoul's Incheon airport on Monday shared the images online.  The passenger accused KLM of discriminating against South Korean passengers because the sign was only in Korean.

    KLM, the Dutch arm of Air France KLM , offered a public apology on Friday after a crew member sparked online outrage by posting a sign in Korean saying passengers on a recent flight were not allowed to use a toilet because of the new coronavirus. Photos of the handwritten sign saying 'lavatory for crew members only' went viral in South Korea this week after a passenger on a 10-hour flight from Amsterdam to Seoul's Incheon airport on Monday shared the images online. The passenger accused KLM of discriminating against South Korean passengers because the sign was only in Korean.


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