Latest news with #WolfgangRattay
The Star
02-06-2025
- Business
- The Star
German financial watchdog: AI is helping to catch market abuse
FILE PHOTO: The logo of Germany's Federal Financial Supervisory Authority BaFin (Bundesanstalt fuer Finanzdienstleistungsaufsicht) is pictured outside of an office building of the BaFin in Bonn, Germany, April 15, 2019. REUTERS/Wolfgang Rattay/File Photo FRANKFURT (Reuters) -Germany's financial regulator BaFin is using artificial intelligence to help it spot market abuse and suspicious patterns in trading, increasing the chances of catching offenders, a top official warned on Monday. BaFin President Mark Branson said the supervisor had started using artificial intelligence last year in its alert and market analysis system. "We can already see from this that the results of this analysis system have become more accurate," Branson said at a conference. "The chances of being caught in market abuse trading have never been so high, and here in Germany we know that the penalties for this can also be considerably high," he warned. BaFin under Branson has been trying to burnish its reputation after the fall of Wirecard, a former blue-chip hailed as a German success story and once worth $28 billion. The supervisor failed to spot accounting fraud at Wirecard ahead of its collapse in 2020, resulting in an effort to give BaFin "more bite" with a change in top leadership and more powers to spot and investigate wrongdoing. (Reporting by Tom Sims, Editing by Louise Heavens)
Straits Times
20-05-2025
- Business
- Straits Times
Telekom wins TV rights to 2026 soccer World Cup, says Bild newspaper
FILE PHOTO: A view shows the logo of telecommunications giant Deutsche Telekom AG during the company's annual news conference in Bonn, Germany, February 23, 2023. REUTERS/Wolfgang Rattay/File Photo Telecoms giant Deutsche Telekom has secured Germany's broadcasting rights for the men's soccer FIFA World Cup championship in 2026, Bild reported on Tuesday. MagentaTV, the company's television business, could then broadcast all 104 matches in the U.S., Mexico and Canada live, according to the report. Telekom declined to comment directly but pointed to the official FIFA press conference planned for Friday. In 2024, the Bonn-based company had secured the rights to the European soccer championships and showed some games exclusively, which boosted its second quarter profits, bringing new customers to its TV offering. Shares of Deutsche Telekom were up 0.96% at 1404 GMT. REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you.
The Star
20-05-2025
- Business
- The Star
Telekom wins TV rights to 2026 soccer World Cup, says Bild newspaper
FILE PHOTO: A view shows the logo of telecommunications giant Deutsche Telekom AG during the company's annual news conference in Bonn, Germany, February 23, 2023. REUTERS/Wolfgang Rattay/File Photo (Reuters) - Telecoms giant Deutsche Telekom has secured Germany's broadcasting rights for the men's soccer FIFA World Cup championship in 2026, Bild reported on Tuesday. MagentaTV, the company's television business, could then broadcast all 104 matches in the U.S., Mexico and Canada live, according to the report. Telekom declined to comment directly but pointed to the official FIFA press conference planned for Friday. In 2024, the Bonn-based company had secured the rights to the European soccer championships and showed some games exclusively, which boosted its second quarter profits, bringing new customers to its TV offering. Shares of Deutsche Telekom were up 0.96% at 1404 GMT. (Reporting by Hakan Ersen, writing by Marleen Kaesebier; editing by Madeline Chambers)
Straits Times
15-05-2025
- Sport
- Straits Times
Dortmund look to cap comeback with Champions League spot on final matchday
FILE PHOTO: Soccer Football - Champions League - Quarter Final - Second Leg - Borussia Dortmund v FC Barcelona - Signal Iduna Park, Dortmund, Germany - April 15, 2025 Borussia Dortmund coach Niko Kovac looks dejected after the match REUTERS/Wolfgang Rattay/File Photo Dortmund look to cap comeback with Champions League spot on final matchday BERLIN - Borussia Dortmund are one win away from completing a record-equalling Bundesliga turnaround and sealing a spot in next season's Champions League when they host relegated Holstein Kiel in the season finale on Saturday. Dortmund were languishing in 11th, well outside the European qualification places, only a few months ago but have climbed to fifth under coach Niko Kovac, who only took over in February. The top four qualify for the lucrative Champions League group phase next season. Bayern Munich are already champions while Bayer Leverkusen will finish second. Winners of six of their last seven league matches, including last week's 4-2 victory at Bayer Leverkusen, Dortmund are on 54 points, just a point behind Freiburg in fourth. Dortmund have been much more aggressive under Croat Kovac, with players covering more ground on average than under his predecessor Nuri Sahin, while also scoring more, notching 23 in their last seven games. Should Dortmund win by three goals or more they are guaranteed a top-four finish irrespective of Freiburg's result against third-placed Eintracht Frankfurt, who are on 57 points. Eintracht have a better goal difference than Dortmund by three goals. A 1-0 victory over Holstein Kiel would also be enough for Dortmund if Freiburg fail to beat Eintracht. Finishing fourth would also see Dortmund match their own record comeback over the last eight matchdays. Dortmund climbed to fourth from 11th spot with eight games left in the 1993/94 season. No other Bundesliga team have managed such a comeback. Eintracht missed the chance to secure their Champions League spot last week when they slipped up with a 2-2 home draw against St Pauli and club CEO Axel Hellmann said a lot was now riding on the final match of the season. "I know there is a lot, a lot at stake," Hellmann said. "We have already secured a Europa (League) spot and we can now crown an outstanding season with the Champions League. It is a huge chance." Freiburg are equally under pressure to cap a sensational campaign against visitors Frankfurt. RB Leipzig, who host VfB Stuttgart, will try to salvage something from a disappointing season, with the club in seventh place and just outside the European spots. Mainz 05 are sixth on goal difference. REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you.
The Star
15-05-2025
- Sport
- The Star
Soccer-Dortmund look to cap comeback with Champions League spot on final matchday
FILE PHOTO: Soccer Football - Champions League - Quarter Final - Second Leg - Borussia Dortmund v FC Barcelona - Signal Iduna Park, Dortmund, Germany - April 15, 2025 Borussia Dortmund coach Niko Kovac looks dejected after the match REUTERS/Wolfgang Rattay/File Photo BERLIN (Reuters) - Borussia Dortmund are one win away from completing a record-equalling Bundesliga turnaround and sealing a spot in next season's Champions League when they host relegated Holstein Kiel in the season finale on Saturday. Dortmund were languishing in 11th, well outside the European qualification places, only a few months ago but have climbed to fifth under coach Niko Kovac, who only took over in February. The top four qualify for the lucrative Champions League group phase next season. Bayern Munich are already champions while Bayer Leverkusen will finish second. Winners of six of their last seven league matches, including last week's 4-2 victory at Bayer Leverkusen, Dortmund are on 54 points, just a point behind Freiburg in fourth. Dortmund have been much more aggressive under Croat Kovac, with players covering more ground on average than under his predecessor Nuri Sahin, while also scoring more, notching 23 in their last seven games. Should Dortmund win by three goals or more they are guaranteed a top-four finish irrespective of Freiburg's result against third-placed Eintracht Frankfurt, who are on 57 points. Eintracht have a better goal difference than Dortmund by three goals. A 1-0 victory over Holstein Kiel would also be enough for Dortmund if Freiburg fail to beat Eintracht. Finishing fourth would also see Dortmund match their own record comeback over the last eight matchdays. Dortmund climbed to fourth from 11th spot with eight games left in the 1993/94 season. No other Bundesliga team have managed such a comeback. Eintracht missed the chance to secure their Champions League spot last week when they slipped up with a 2-2 home draw against St Pauli and club CEO Axel Hellmann said a lot was now riding on the final match of the season. "I know there is a lot, a lot at stake," Hellmann said. "We have already secured a Europa (League) spot and we can now crown an outstanding season with the Champions League. It is a huge chance." Freiburg are equally under pressure to cap a sensational campaign against visitors Frankfurt. RB Leipzig, who host VfB Stuttgart, will try to salvage something from a disappointing season, with the club in seventh place and just outside the European spots. Mainz 05 are sixth on goal difference. (Reporting by Karolos Grohmann; Editing by Peter Rutherford)
