Siemens Energy Preliminary Q1 Revenue Up 2.6%; Confirms FY Outlook

German Government Fears Cyber Attacks on Vaccination Centers

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The government of German Chancellor Angela Merkel warned of possible attacks by opponents of vaccinations or coronavirus skeptics on vaccine facilities.

Due to “great media attention as well as the high dynamics and emotion” surrounding the topic, there is the threat of physical or cyber attacks on vaccination centers, transportation companies and producers, the German Interior Ministry said in a paper seen by Bloomberg. The report was produced in response to a parliamentary question by lawmakers of the Green Party in the Bundestag.

In the past few months, Germany has seen some violent protests by coronavirus skeptics, who include many right-wing radicals. In Berlin, some of the protesters tried to storm the Reichstag, the main parliament building, last August.

Merkel has promised that all citizens will be offered a vaccination by the end of the summer. However, almost 40% of Germans say that they don’t want to be vaccinated, according to surveys.

Biden Will Soon Repeal Trump's Transgender Military Ban

President Joe Biden plans to repeal former president Trump’s partial ban on transgender troops in the military, both Reuters and CBS News reported, citing administration sources. Biden plans to reverse the ban by signing an executive order, possibly as soon as Monday.

Under the Obama administration, transgender members of the military could serve openly and also receive gender-affirming medical care. But under Trump, the Pentagon implemented a new policy prohibiting transgender individuals from enlisting in the military and restricted troops diagnosed with gender dysphoria after the ban was in place from accessing gender-affirming treatment. Trump announced the ban in July 2017 via tweet, and it was implemented in April 2019.

According to a senior Defense official who spoke with CBS News, Biden will sign an executive order to repeal the Trump-era policy in a ceremony with newly-confirmed Defense Secretary Lloyd Austin.

During his Senate confirmation hearing on Thursday, Austin said, “If you’re fit and you’re qualified to serve and you can maintain the standards, you should be allowed to serve and you can expect that I will support that throughout.”

The Williams Institute at UCLA estimated in 2014 that there were as many as 15,500 transgender individuals serving in the armed forces, and a Pentagon study published this year found that two-thirds of troops support serving alongside transgender troops.

NCR Is Said Close to Reaching $1.7 Billion Deal with Cardtronics

Cardtronics Plc is in talks to accept a $1.7 billion offer fromNCR Corp., according to people familiar with the matter, after ATM operator outbidApollo Global Management Inc. and Hudson Executive Capital LP.

The companies could announce a deal as early as Monday, the people said, asking not to be identified because the matter is private.

Apollo’s consortium decided not to raise its offer, they added.

NCR earlier this monthoffered to buy Cardtronics for $39-per-share, topping the $35-per-share that Apollo and its partner had put up last year.

Cardtronics shares closed trading Friday at $40.86 in New York, giving the Hatfield, England-based company a market value of about $1.8 billion.

A representative for Cardtronics and Apollo declined to comment. NCR and Hudson Executive couldn’t immediately be reached.

— With assistance by Matthew Monks

Deutsche Bank Probes Misselling of Investment Bank Products: FT

Deutsche Bank is probing whether its staff sold investment banking products to clients that breached EU rules — and then colluded with individuals to split the profits, the Financial Times reported, citing unidentified people.

The internal investigation was prompted by client complaints last year, the newspaper reported, adding that the inquiry originally focused on a desk in Spain that sells hedges, swaps and derivatives.

The bank believes some of its employees knowingly sold unsuited products to customers who may not have been able to understand and accept the risks they were taking, the FT said, citing the people.

The audit, which is called Project Teal, found the bank had wrongly categorized client firms under the Markets in Financial Instruments Directive rules, which require banks to separate their clients by levels of financial sophistication, the FT said.

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Singapore's StashAway says now manages $1 billion in assets

KUALA LUMPUR (Reuters) – Singapore-based StashAway has grown its assets under management (AUM) to more than $1 billion, the digital wealth manager said in a statement on Monday.

StashAway said it was the first digital wealth manager in the Southeast Asia and Middle East and North Africa regions to manage that amount of AUM.

Siemens Energy Preliminary Q1 Revenue Up 2.6%; Confirms FY Outlook

Siemens Energy reported preliminary revenue for the first quarter of fiscal year 2021 increased by 2.6% to 6.54 billion euros from last year’s 6.37 billion euros.

Adjusted EBITA was 243 million euros, compared to negative 117 million euros last year.

Siemens Energy order intake was 7.43 billion euros, down from 10.03 billion euros in the previous year.

The company confirmed its outlook for fiscal year 2021.

In Gas and Power segment, revenue for the quarter decreased to 4.29 billion euros, from 4.42 billion euros in the prior year. Adjusted EBITA was 191 million euros, compared to 51 million euros in the prior year.

Gas and Power Order intake also decreased to 5.17 billion euros from 5.43 billion euros in the previous year.

Siemens Energy said it publish its full earnings release for the first quarter of fiscal year 2021 on February 2, 2021.