ECB's Cipollone Sees Tariffs Likely Disinflationary Short Term
'The short to medium-term effects may even prove disinflationary for the euro area, where real rates have increased and the euro has appreciated following US tariff announcements,' Cipollone told a conference Tuesday in Frankfurt.
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Business Upturn
2 days ago
- Business Upturn
KPIT Technologies completes acquisition of Caresoft for $157 million
By Aditya Bhagchandani Published on August 16, 2025, 13:11 IST KPIT Technologies announced on Friday that it has completed the acquisition of Caresoft, finalizing the deal at a revised value of up to USD 157 million. The transaction covers Caresoft Global Technologies, Inc. USA, Caresoft Engineering Services Limited, UK, CAREGLOTECH de RL de CV Mexico, and OXI SRL Italy. The acquisition was first disclosed in May 2025 with an estimated deal size of USD 191 million. However, after negotiations and considering changes in the global business environment, the final consideration was reduced to USD 157 million, which also includes a USD 15 million variable pay component tied to revenue and business synergy milestones. Ahead of the completion, KPIT had infused EURO 28 million and USD 28 million into its UK and US subsidiaries, respectively, to strengthen the capital structure required for the acquisition. Following the satisfaction of all precedent conditions, KPIT Technologies (UK) Limited and KPIT Technologies Inc, USA have paid the initial consideration of USD 51 million to acquire full ownership of the Caresoft entities. This acquisition aligns with KPIT's strategy of strengthening its global presence in automotive engineering and expanding capabilities across the U.S., Europe, and Mexico. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Yahoo
2 days ago
- Yahoo
EUR, US curve steepening to persist on inflation, pre-emptive Fed easing bets
-- Bond markets are back in the spotlight as UBS is betting the steepening of both U.S. and euro curves will continue, driven by sticky U.S. inflation, talk of pre-emptive Fed easing, and renewed focus on Ukraine risks. While a wave of volatility at the short end of the yield curve could trigger some bear flattening, the house view is clear: 'We expect our US 5s30s steepener and EUR 10s30s steepener to keep performing.' A Steeper Slope as Inflation Surprises UBS warns that upside inflation surprises and nagging uncertainty over trends are forcing investors to demand higher yields on longer-dated bonds. July's U.S. inflation delivered less tariff punch on goods, but "the upside surprise in core inflation led to steepening in both the US and German curves." With services inflation now flagged in client discussions as the next hot theme, the risk is a further acceleration unless seasonal quirks fade out. Former Fed vice chair Alan Detmeister has suggested that 'core CPI services price changes were pretty close to the pre-pandemic range in each of the past 5 months if you look at non-seasonally adjusted changes,' but UBS isn't calling for the trend to vanish. Their base case remains that U.S. CPI inflation peaks above 3.5% before any real relief is seen. Is the Fed Rethinking Easing? Duration investors burned in 2021 to 22 might not wait patiently for the inflation target to come back into view. The report flags Treasury Secretary Bessent's push for a 'monetary policy strategy based on pre-emptive easing,' rather than the current status quo of data dependence which could see rates fall at least 150bps. UBS highlights the lessons from the Greenspan era, when the Fed eased despite sticky inflation and was later credited for the 'perfect soft landing.' Ukraine, Energy, and the Eurozone Across the Atlantic, the possibility of a Ukraine ceasefire and lower gas prices could fuel euro growth. This could, however, also slash already weak inflation forecasts. UBS's baseline sees German deficits rising and 'term premia until there is more clarity on the cost of the reconstruction of Ukraine." History suggests that bund investors may stay nervous until the costs of conflict and reconstruction come into focus. Even if the outlook for energy prices in Germany and other euro area countries remains unclear, bond bulls will have to continue their wait for a pivot as steepening risk is expected to the core story for now as inflaiton, policy, and global headlines send ripples through rates strategy, UBS said. Related articles EUR, US curve steepening to persist on inflation, pre-emptive Fed easing bets Apollo economist warns: AI bubble now bigger than 1990s tech mania If Powell goes, does Fed trust go with him? Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
WIRED
3 days ago
- WIRED
If You Don't Own a Multistyler, the Dyson Co-anda 2x Is the One to Get
Each attachment is embedded with RFID chips that auto-adjust heat and airflow based on your last-used settings. Not a revolutionary change, but it is nice not to have to toggle settings every time I switch attachments. You can also pair it with Dyson's app, which offers tutorials based on your hair type and goals. Dyson also moved the fan and heat controls to the base of the handle. It's a cleaner look, but it can get finicky if you're used to adjusting settings mid-styling. If you've already purchased previous Airwrap attachments, unfortunately, they're not compatible with this new model due to its slimmer design. Also, like most Dyson tools sold in the US, it's 120-volt only, so don't plan on packing it for your Euro vacay. New Tricks, Familiar Results I used the Co-anda 2x on freshly washed, sometimes air-dried hair for three weeks, cycling through each attachment to see how it held up against its predecessors. I've used the original Airwrap off and on, and I've tested other multistylers, like the Shark FlexStyle (9/10, WIRED Recommends) and the T3 Aire 360 (9/10, WIRED Recommends). Setup was simple, but there's always a bit of a learning curve with Dyson tools. Pairing with the app was quick, and the RFID tech worked as advertised; each time I swapped attachments, the device adjusted to my last-used settings. This bundle comes with six attachments: a pre-styling dryer, a round brush, 1.2- and 1.6-inch curling barrels, an anti-snag loop brush, and—my personal favorite—the new Airsmooth straightener. The curly+coily kit swaps in a diffuser and tension comb instead of the Airsmooth and 1.2-inch curling barrel. AccordionItemContainerButton The Airsmooth straightener impressed me the most. It smoothed and curled my ends into soft C-bends in under 20 minutes. The heat was gentle enough that my hair didn't feel singed afterward. I didn't get flat-iron-level glassiness, but it was close enough for a polished look. The loop brush and round brush both felt upgraded, with longer bristles that don't snag or tug at damp ends. I got solid volume and frizz control from both, and they felt gentler at my roots. The curling barrels were redesigned with squared-like tips, which makes them easier to grip, but the results were the same: airy curls that deflated within a couple of hours unless I sprayed them stiff with hairspray. That's always been my biggest gripe with the Airwrap. It's better at blowouts than long-lasting curls, and the technology hasn't improved on that front. What I appreciated most was not having to fiddle with settings every time I swapped attachments. The RFID memory is a small touch, but it makes the whole process smoother. Great—But Not Essential If you already own an Airwrap or a decent dupe, you don't need to upgrade. The Co-anda 2x is well designed and refined, but the core Dyson experience hasn't dramatically evolved. But if you don't own a multistyler, and have the budget to spare, this is the version I'd buy. It's faster, more ergonomic, and overall more pleasant to use. It's undeniably expensive, but you get the smoothest Airwrap to date.
