logo
AllianzGI CEO Sees Europe as Rival Haven to US

AllianzGI CEO Sees Europe as Rival Haven to US

Bloomberg11-06-2025
Allianz Global Investors CEO Tobias C. Pross shares his investment outlook in a conversation with Sonali Basak at the Bloomberg Invest conference in Hong Kong. Pross says European equities are 'quite cheap' on a price-earnings basis, while US stocks have been overpriced. (Source: Bloomberg)
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Kyndryl to invest $2.25 billion in India over three years
Kyndryl to invest $2.25 billion in India over three years

Yahoo

time25 minutes ago

  • Yahoo

Kyndryl to invest $2.25 billion in India over three years

(Reuters) -Kyndryl, the information technology services provider that was spun out of IBM, said on Thursday it would invest $2.25 billion in India over the next three years. Kyndryl, which has presence in the country, said its plans include establishing an AI innovation lab in Bengaluru. The company also plans to deepen its engagement with the Indian government on artificial intelligence, develop IT talent, and support digital training for roughly 200,000 citizens. "We're committed to further developing our people, expanding our technical capabilities and strengthening community partnerships to support growth, innovation and opportunity," Kyndryl CEO Martin Schroeter said in a statement. Kyndryl, which operates in the consulting and IT industry, has been benefiting from higher demand for its offerings due to a push into AI.

Kia initiates European EV production with the New EV4 model
Kia initiates European EV production with the New EV4 model

Yahoo

time25 minutes ago

  • Yahoo

Kia initiates European EV production with the New EV4 model

Kia has commenced the production of its first entirely electric vehicle (EV) designed for the European market, the EV4 hatchback, at the brand's manufacturing hub in Slovakia. Located in Zilina, the facility, known as Kia AutoLand Slovakia, has undergone substantial upgrades to its production lines to accommodate the manufacturing of the vehicle. Switch Auto Insurance and Save Today! Affordable Auto Insurance, Customized for You The Insurance Savings You Expect Great Rates and Award-Winning Service Kia says it has invested €108m to modernise the Zilina plant with new technologies, including an EV battery conveyor system. The EV4 is built on the Electric Global Modular Platform (E-GMP) of Hyundai Motor. Customers can choose between two battery sizes: a standard 58.3kWh and a larger 81.4kWh option. In February 2025, the company presented the exterior design of the new EV4 model range, unveiling saloon and hatchback variants. EV4 is equipped with energy features, including vehicle-to-grid (V2G) and vehicle-to-load (V2L) capabilities. Additionally, it features a lightweight aluminium bonnet and comes in a range of eight exterior colours, with a matte finish. The Zilina plant, which opened its doors in 2004, is a pivotal part of Kia's European strategy. Spanning 2km2, the facility employs approximately 3,700 individuals and is ideally situated to serve major European markets. Alongside the EV4, the plant manufactures other models like the Kia Sportage and Kia XCeed, including their hybrid and plug-in hybrid versions. The Zilina facility is said to have an annual production capacity of 350,000 vehicles and 540,000 engines. Since its inception, the plant has produced over five million units, contributing to roughly 11% of Kia's worldwide vehicle production, the company noted in a press release. The South Korean automaker has reported a 6.5% increase in revenues to a record Won29.35tn in Q2 of 2025, attributed to robust global demand for its hybrid models, increased average selling prices, and favourable currency exchange rates. "Kia initiates European EV production with the New EV4 model" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.

Olivia Smith Admits Meeting Marta At 2015 World Cup Changed Her Life
Olivia Smith Admits Meeting Marta At 2015 World Cup Changed Her Life

Forbes

time28 minutes ago

  • Forbes

Olivia Smith Admits Meeting Marta At 2015 World Cup Changed Her Life

The day she lost her position as the world's most expensive female player, Olivia Smith - the first to move for a million pounds - admits she never worried about her price. This week, Smith collected the Professional Footballers' Association (PFA) award for the best Young Player of the Year last season. Her eye-catching performances for Liverpool earned her the illustrious accolade and in doing so, she became the first foreign woman to ever be voted in by her fellow professionals. Smith had already made the move last month from Liverpool to Arsenal with the new European club champions paying a transfer fee of $1.36 million (£1 million). She therefore became the first woman in the English game to move for over a million British pounds. Earlier today, Orlando Pride broke that record by signing Jacqueline Ovalle from Tigres in Mexico for a reported $1.5 million. Smith had held the position for a mere 35 days but there will be never be another first within the English game. The transfer in January of the United States defender Naomi Girma made her the first million dollar player but amounted to less in sterling. The one million pound threshold was first crossed in the men's game 46 years ago when Trevor Francis moved from Birmingham City to Nottingham Forest. That move came 25 years before Smith was even born but she is all too aware of the significance of his name. 'At the end of the day, a price tag is a price tag, she said when questioned about her seven-figure valuation. "It's not something I'm really focused on. I'm just focused on being on the pitch, learning from a great set of players. I think it's also great to see the development of women's football and that price going up as well. Obviously, it's an honor to have achieved that.' 'To come with such a hefty price tag, for such a young player like me, I think they see the potential that I have. They see, like my mum said, I'm hungry, I'm driven, I want to learn, I want to grow and I want to win things ultimately. The money is not really a big deal for me.' Smith will be moving club for the third year in succession having joined Liverpool from Sporting CP in Lisbon the previous summer. A young woman living on another contintent, she concedes that relocating constantly is 'not comfortable, but you have to be comfortable being uncomfortable.' 'It's been quite tough for me personally, not knowing what's going to come next. My first year in Europe, I never expected to leave Sporting after one season. It's not easy, especially when my family is so far away, but it does make transitions easier, building relationships with people here.' At Arsenal she will at least link up with one old acquaintance, the United States international Jenna Nighswonger. Their paths briefly crossed at Florida State University before Smith opted to go to Penn State. 'I didn't stay there long,' she admits, 'but she was my mentor for about two or three months when I first arrived there.' Some will question where Smith will fit into the Arsenal line-up where she is competing for a starting position against three Ballon D'Or nominees - Alessia Russo, Mariona Caldentey and Chloe Kelly - as well as the scorer of the winning goal in the UEFA Women's Champions League final, Stina Blackstenius, the Player of the Tournament at the last UEFA Women's Euro. Beth Mead, and Australian Caitlin Foord. Smith is however is relishing the challenge. 'The biggest thing is that I'm very versatile. I spoke to (coach) Renée Slegers about this. I just want to be out on the pitch but at the same time, I'm competing with the best players in the world so we're just pushing each other to be better every day and I'm learning from them as well to add to my game. At the end of the day, it's up to Renée based on performance but I'm working hard, giving it 100% - yeah still learning and growing.' Smith was ten years of age when Canada hosted the 2015 FIFA Women's World Cup. Inspiring girls like Smith was behind the 'To A Greater Goal' slogan of the tournament. Growing up in Whitby, Ontario, close to Toronto, the nearest host city to her was almost 350km away in Ottawa. She told me that did not stop her watching some of the games in person. She joked 'it kind of sucked that it wasn't in Toronto but my family and I actually made the trips to go and watch games and I think that was really special for me. I actually remember attending the Brazil game that was in Montréal. As a lot of people probably know, Marta is also one of my biggest idols that I modelled my game after.' 'It's pretty special watching that World Cup, and I think that was also a turning point in my career realistically. I had actually gotten the chance to speak to Marta and she gave me a lot of insight on what it's like growing up not having women's football idols, because she didn't have one. I think it's so special now for the girls to look up to people like us doing what we do.'

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store