Latest news with #Schiller
Mercury
3 days ago
- Business
- Mercury
What is Plan B? Rosehill sale decision ‘missed opportunity'
The rejection by Australian Turf Club members of the $5bn Rosehill sale proposal is a 'missed opportunity' to financially future-proof Sydney and NSW racing for decades. This was the reaction of one leading trainer who contacted Racing Confidential under a cloak of anonymity after Tuesday's members vote dealt a fatal blow for plans to sell Rosehill, transform Warwick Farm and build a new racing and training centre at Penrith. 'What is the alternative funding model for the industry given wagering is in decline and the members have turned their back on $5bn? What is Plan B?'' the trainer said. • PUNT LIKE A PRO: Become a Racenet iQ member and get expert tips – with fully transparent return on investment statistics – from Racenet's team of professional punters at our Pro Tips section. SUBSCRIBE NOW! The trainer maintains he is 'one of many' reluctant to talk on the record or risk losing stable clients because the Rosehill sale proposal has split Sydney racing, fractured friendships, and led to deep distrust on both sides of the argument. 'There has been a lot of misinformation through this whole debate,'' he said. The trainer became increasingly agitated the longer the conversation went and it was plainly obvious he had real concerns about his future and for many industry participants. It has been regrettable that the Rosehill sale issue seemed to drift away from being a robust debate on the merits of the proposal into attacks on key industry figures. Surely the time has come to put differences aside and start working collaboratively for the betterment of the sport. The Rosehill sale proposal has highlighted some of the long-term structural issues the racing industry must confront, notably improving club revenues, addressing wagering decline, and keeping the sport relevant for younger generations. ■ ■ ■ ■ ■ Star Sydney jockey Tyler Schiller was in good spirits on Thursday despite a serious back injury that will rule him out for six weeks. 'I'm going well considering, it could've been much worse,'' Schiller said. Tyler Schiller sufferd a back injury at Canterbury on Wednesday. Picture: Getty Images The jockey suffered a stable fracture of his T-8 vertebrae (mid-spine) after he was dislodged going onto the track before the Canterbury opener on Wednesday. Schiller, who has ridden 49 winners to be fifth on the Sydney jockey premiership, has had another hugely successful season highlighted by his Group 1 wins on the Team Hawkes-trained Briasa (TJ Smith Stakes) and Nepotism (Champagne Stakes). Tommy Berry will replace Schiller on Gallo Nero for the Hawkes stable in the Group 1 BRC Sires and also on the Chris and Corey Munce-trained Payline in the Group 1 Kingsford Smith Cup at Eagle Farm on Saturday. Originally published as Leading trainer criticises rejection of Rosehill sale, calls for collaborative efforts to address long-term challenges
CNBC
3 days ago
- Automotive
- CNBC
German defense firm Renk looks to struggling auto sector for new talent as it scales up
Tank parts maker Renk is eyeing up talent from the auto sector as it races to scale up and fuel growth in the wake of rising geopolitical tensions and soaring military spending. Earlier this year Germany passed a historic fiscal package that enabled a steep increase in the defense spending capabilities of Europe's largest economy. The 27-member state bloc is scaling up its defense efforts amid the war in Ukraine and the increasingly strained transatlantic security partnership. Renk, a global leader in creating gear boxes for tanks, is among the defense firms that has seen its stock rally on the back of increased military spending. Its share price rose over 300% so far this year and its order book jumped 164% to 549 million euros ($622.3 million) in the first quarter. To keep pace with the soaring demand, defense companies like Renk, Hensoldt, Rheinmetall are increasingly collaborating with the automotive industry. It's a sector which historically has been one of Germany's most important economic pillars, but has been facing major difficulties due to the country's sluggish economy, increased competition from China and U.S. tariffs. For Renk, this cross-industry collaboration has mainly consisted of hiring workers from the automotive industry, capitalizing on CEO Alexander Sagel and Chief Operating Officer Emmerich Schiller's previous experience working in this sector. Sagel has previously held positions at Rheinmetall and Daimler, which has since been renamed to Mercedes-Benz Group AG, while Schiller has worked in various management roles at Mercedes-AMG GmbH. In an exclusive interview from Renk's headquarters in Augsburg, Germany, CEO Sagel told CNBC's Annette Weisbach that the tank-parts supplier has seen a range of applicants from the automotive industry and is "of course" benefitting from incorporating such experts. Schiller confirmed the trend, adding, "We are looking really for engineers who have that education, who can adapt to our industry and bring in the methods which we have in automotive like continuous improvement, like lineback principles to increase efficiency — to increase quality, this is what we are really looking for." A branch of Germany's largest trade union, IG Metall Lower Saxony, told CNBC it has seen cases of defense firms targeting skilled workers and collaborative opportunities with German carmakers and manufacturers. "These developments are taking place against the backdrop of two parallel dynamics: The automotive industry is undergoing a profound transformation process – key words [are]: electrification, digitalization, new mobility concepts – while at the same time the defense-related sector is expanding due to political decisions and increased defense budgets," a spokesperson from IG Metall Lower Saxony said, in emailed comments translated by CNBC. While there are technological connections between the two industries and job creation is welcome, IG Metall warns of a "one-sided industrial policy focus towards rearmament," which may provide employment in the short term but is based on an unstable security environment. "Our goal has to be a lasting peace, not continuous rearmament," the spokesperson said. In a Deutsche Bank note from March, analysts led by Adrian Cox explained that overcapacity is an issue across Europe's auto industry, particularly in Germany, where they estimate 100,000 jobs are now be at risk. Auto factories are lying idle while the defense sector remains "subscale," the analysts said, adding that experienced auto workers can benefit the defense industry as it "moves to serial production and greater profitability." There is "a historic opportunity to kill two birds with one stone by turning some of [Germany's] automaking prowess to military production," the analysts commented. "The German automotive industry is now increasingly talking to adjacent sectors," a spokesperson from the German Association of the Automotive Industry (VDA) told CNBC. "In contrast to industry, Germany is no longer internationally competitive as a business location," they said, adding that they "welcome anything that upgrades Germany as a production location in order to maintain and create growth, prosperity and jobs in Germany." When asked about the shifts from automotives to defense, Monika Schnitzer, the chair of the German Council of Economic Experts, told CNBC's Squawk Box Europe on Tuesday that it's a chance "we should seize." Given the guarantee that auto industry layoffs will happen, these workers "will be needed somewhere else" and therefore it'll be key "to ease this transition by actually bringing people from one company to another company where they are needed" and also foster reskilling, she added.
7NEWS
4 days ago
- Sport
- 7NEWS
Much-loved jockey Tyler Schiller in hospital after scary pre-race fall at Canterbury Park
Much-loved jockey Tyler Schiller was involved in a nasty pre-race incident on Wednesday and rushed to hospital. Racing NSW confirmed the fall at Canterbury Park, saying Schiller was 'dislodged from his mount going onto the track prior to the running of Race 1'. Schiller was riding Rockabye Roxy onto the track when the Gary Portelli-trained filly suddenly bucked. Know the news with the 7NEWS app: Download today Schiller hit the deck and was immediately in significant pain. He was reportedly complaining of pain through his sternum and back following the fall, and needed the 'green whistle' as he waited to be transferred to the Royal Prince Alfred hospital. 'He's conscious and moving his arms and legs,' Racing NSW later said. 'But he's experiencing back pain so he will be transported to hospital via ambulance for further assessment.' The incident meant there was delay to all the Canterbury races with the last race pushed back to 5pm. Later, after concerns arose about Schiller's health, the popular jockey took to social media. He posted a picture of himself on X (formerly Twitter) from his hospital bed, wearing a neck brace. 'Alive,' he said. Schiller has been booked for three races this Saturday at Eagle Farm. He was set to partner $4.50 favourite Gallo Nero in the Group 2 BRC Sires' Produce Stakes, Superalloy in the Group 1 Queensland Derby, and Payline in the Group 1 Kingsford Smith Cup.
Hindustan Times
4 days ago
- Politics
- Hindustan Times
Who is Keith Schiller, ex-Trump aide hired as lobbyist by Pakistan amid tensions with India
As tensions escalated between India and Pakistan after the deadly Pahalgam attack and India's retaliatory military strike under Operation Sindoor, both nations decided to take an unconventional route to influence global policy. For this purpose, both India and Pakistan have hired former insiders from Donald Trump's political orbit as lobbyists in Washington, DC. India has enlisted Jason Miller, a senior adviser to Trump, to represent its interests in the US capital. Miller's firm, SHW Partners LLC, will receive $1.8 million annually to provide strategic counsel, tactical planning, and government relations assistance. 'This is not a new practice. This has been in place for several decades and under successive governments since the 1950s. These firms have been regularly engaged by the Embassy as per the requirements of the situation. All such engagements are available in the public domain," said Randhir Jaiswal, official spokesperson of the ministry of external affairs, at a press briefing on Thursday. On the other hand, Pakistan hired Keith Schiller, Trump's longtime bodyguard and former Director of Oval Office Operations. A former New York Police Department detective, Schiller became a part of Trump's inner circle and became one of the US president's most loyal aides. From running security at Trump Tower to accompanying Trump to the White House as Director of Oval Office Operations, Schiller spent nearly two decades as a trusted confidant and enforcer. Some insiders often describe him as Trump's 'shadow.' Schiller partnered with Georges Sorel, former compliance chief at the Trump Organization, the duo has launched Javelin Advisors, a firm tasked with helping Pakistan navigate US policymaking channels. This comes days after Trump, on May 10, made a surprise announcement of an India-Pakistan ceasefire and claimed that the US played a role in brokering the understanding, a claim rejected by India. The US President also offered to mediate the long-contentious Kashmir issue, which India swiftly rejected.
News18
5 days ago
- Business
- News18
From MAGA War Room To Delhi: India Hires Trump's Spokesperson, Pakistan Turns To His Enforcer
Last Updated: New Delhi and Islamabad hire American lobbyists, both Trump MAGA alumni, amid diplomatic push after Pahalgam attack, Operation Sindoor. New Delhi and Islamabad have each hired prominent figures from US President Donald Trump's inner circle as lobbyists in Washington DC, signaling a strategic push for influence amid heightened tensions between India and Pakistan after Pahalgam attack and Operation Sindoor counter-terror operation. India has brought on Jason Miller, who served as the chief spokesman for Trump's 2016 presidential campaign and later as a senior adviser during the 2020 re-election effort. Miller's firm, SHW Partners LLC, has signed a $150,000-per-month contract to represent the Indian government, according to a report by Hindustan Times, marking his first formal lobbying role during Trump's second term. On the other side, Pakistan has engaged Keith Schiller, Trump's longtime bodyguard and former Director of Oval Office Operations. Schiller, known for his unwavering loyalty and close proximity to Trump, co-founded Javelin Advisors LLC, which has secured a subcontract worth $50,000 per month under a larger $200,000-per-month agreement with Seiden Law to represent Pakistani interests, the Dawn reported. Who Is Jason Miller? Jason Miller is a seasoned political strategist best known for his role as the chief spokesperson for Trump's 2016 presidential campaign. A longtime Republican operative, Miller helped shape the US President's campaign's combative media strategy and often served as a public face of the campaign during its most intense phases. Though initially tapped for a White House communications role after Trump's victory, he withdrew from consideration citing personal reasons. Politico. Who Is Keith Schiller Keith Schiller's tenure with Donald Trump extended far beyond routine security detail. A former NYPD detective, Schiller was one of Trump's most trusted aides and served as Director of Oval Office Operations during the early months of the Trump presidency. His loyalty was underscored by his involvement in several key moments of the administration. Notably, in May 2017, it was Schiller who personally delivered the letter to then-FBI Director James Comey informing him of his dismissal, according to a report by broadcaster CNN. Schiller also featured in testimony before the House Intelligence Committee in 2017 regarding Trump's 2013 visit to Moscow. According to Schiller, a Russian participant at a business meeting allegedly offered to send women to Trump's hotel room. Schiller said he immediately dismissed the offer, viewing it as a non-serious comment, the broadcaster said in its report. First Published:
