Santander Sells 49% in Polish Unit to Erste for €6.8 Billion
Erste also agreed to buy the 50% in the Polish asset manager TFI that's not already owned by the Polish unit from Santander for about €200 million, the two lenders said in separate statements on Monday.
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Eater
12 hours ago
- Eater
The 10 Best Deals of the Week (Including Snow's BBQ Delivered to Your Door)
is the commerce writer at Eater, and an award-winning writer with bylines in GQ, VICE, The Daily Beast, and other publications. A curious home cook with a deep love of Polish cabbage rolls, her devotion to food service journalism knows no bounds. This week, the deals are red-hot. Grab your bottle opener, because we're cracking open deals on mid-century modern outdoor furniture and rugs for summertime entertaining a rare Goldbelly sale on the world-famous ribs, pork chops, and more from an iconic Texas barbecue joint; and plenty of investment-worthy countertop appliances from brands like Our Place and Vitamix — because it's still the season for mastering gazpacho and salmorejo, and you'll need serious blender horsepower. Nordstrom's Anniversary sale has deals on Le Creuset, Viking, and Staub Nordstrom's Anniversary Sale is live from now until August 3, and to name a handful of favorites from the blowout event, we spotted deals on German-made Viking knife sets, canteens and to-go cups for outdoor summer activities, and an extra large version of Our Place's aesthetic convection oven. Check out more of our favorite finds from the sale here. Get $100 off a do-it-all set of Viking knives You don't have to spend hundreds of dollars to invest in great knives, but it helps when a 14-piece, German-made set from Viking is on sale. Our Place's Eater-approved Wonder Oven is $61 off Eater contributor Charley Lanyon tested the gamut of internet-famous toaster ovens, and concluded that Our Place's Wonder Oven was a stand out for its aesthetic, multi-functional design. As Lanyon writes, 'Beyond the looks, it has a wide range of functions, from baking and broiling to air frying, and it delivers solid (if not standout) performance across the board.' Save 31% off this Hydro Flask (and stay hydrated) There's a lot to love about this Hydro Flask, from the chic colorway to the ample 32-ounce capacity and handle, but the extra-wide mouth is what makes refills and cleaning a breeze. Goldbelly is offering 25% off Snow's BBQ When Snow's BBQ first opened in Lexington, Texas almost 20 years ago, it swiftly made a name for itself thanks to its big-personality pitmasters and, more importantly, its fall-apart-tender, ultra-flavorful smoked meats, which often sold out in just a few hours. It's won various accolades as one of the best barbecue joints in Texas, and now you can enjoy it at home. If you're living a far cry away from Lexington but still dream of trying the pit's GOATed meats, Goldbelly is offering up to 25% off its famous briskets, ribs, pork steaks, seasonings, and more for a limited time. Save 60% off chic MCM furniture at Article So many furniture companies and design houses have been revisiting mid-century modern decor in the 2020s, but Article's furniture consistently stands a cut above the rest; the designs feel retro yet contemporary, and versatile enough to blend in with minimalist Japandi and maximalist aesthetics alike. The company is having a big 60% off summer sale right now that includes choice picks from its wide array of indoor and outdoor dining furniture. Get $150 off this caned dining chair This enormous outdoor rug is $420 off Get 60% off the Summer Overstock Sale at Sur La Table Leave it to Sur La Table to pull through with a superb selection of iconic and heritage cookware brands (Vitamix, Staub, Zwilling, and Breville, to name just a handful), as well as newer additions to the cookware scene (Sur La Table's take on the Ultimate Fork, a recent favorite of our senior commerce editor, is also on sale). The powerful Vitamix Explorian blender is $50 off This versatile 'ultimate' fork is on sale (and is an Eater editor favorite) Bring this shatterproof melamine plate pool-side Now go jump in a pool somewhere. Sign up for Eater's newsletter The freshest news from the food world every day Email (required) Sign Up By submitting your email, you agree to our Terms and Privacy Notice . This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Wall Street Journal
15 hours ago
- Wall Street Journal
The AI Market Debate Is Old
Regarding Marian L. Tupy and Peter Boettke's op-ed 'Algorithms Can't Replace Free Markets' (July 22): Economists have already debated whether AI could replace the market some 80 years ago when they argued over the Lange model. Polish-American economist Oskar Lange's utopian—or dystopian—idea was to have a big, futuristic computer replace market dynamics so that an economy could be centrally planned.
Newsweek
19 hours ago
- Newsweek
Poland Strikes It Rich With Largest Ever Oil Discovery
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. The discovery in Poland of one of Europe's most significant conventional oil finds in a decade has been welcomed as a step toward energy security in the NATO country. Central European Petroleum (CEP), a Calgary-based company with Norwegian backing, announced the find at the Wolin East 1 (WE1) well, four miles from the Baltic Sea port city Świnoujście in the northeast of the country. However, energy expert Thomas O'Donnell told Newsweek Thursday that the discovery was "not a game changer." Nevertheless, one think tank in Germany has warned that the discovery could come with substantial costs to tourism and environmental protection. When contacted by Newsweek, the Polish foreign ministry referred to foreign minister Radosław Sikorski's X post that said: "God probably really loves the (coalition) government." Crude oil tanks are seen near a cemetery a few dozen kilometers from Gdansk in Poland on June 6, 2022. Crude oil tanks are seen near a cemetery a few dozen kilometers from Gdansk in Poland on June 6, It Matters In a statement to Newsweek, CEP said that once the Wolin East deposit is officially confirmed it will be Poland's largest oil and associated natural gas field. With the potential to more than double Poland's current estimated oil reserves, it will boost the energy security of a NATO member on the alliance's eastern flank and diversify its fuel sources. What To Know CEP, which holds a 100 percent stake in the Wolin lease area, said it had made a significant oil discovery in the Wolin East 1 (WE1) well, about four miles offshore from the city of Świnoujście on the Baltic Sea. Preliminary estimates suggest the site contains 22 million tons of recoverable crude oil and condensate, along with 5 billion cubic meters of commercial-grade natural gas. These make it the most significant conventional oil discovery in Poland's history and one of the most significant in Europe in recent years. Berlin-based energy expert Thomas O'Donnell told Newsweek the site may produce up to 35,000 barrels a day which is "a fairly good sized well in Texas, but that's not a game changer" amid estimates that this would provide five percent of Poland's needs. However, there could be further oil to discover and the find showed Poland's commitment to find indigenous sources of oil and gas. Poland is a net importer of oil and so the more it can produce itself, the more it will help with the country's balance of payments. This has knock-on benefits in terms of the price of goods and curbing inflation, O'Donnell said. Increased oil production offshore will also focus minds on how to protect energy assets in the Baltic Sea from sabotage, following a number of attacks blamed on Moscow recently, he added. However, the German Institute for Economic Research (DIW) has warned that exploiting the discovery in Poland's section of the Baltic Sea could come with substantial costs to tourism and environmental protection. DIW researcher Claudia Kemfert said in a statement that any accidents would come with high cross-border clean-up costs and fossil energy extraction "runs counter to climate protection targets" and so "extraction therefore cannot be recommended." What People Are Saying Rolf G. Skaar, CEO of CEP said in a statement: "We view this discovery as a foundation for long-term, responsible development of Poland's offshore resources. Wolin East is more than just a promising field – it represents a shared opportunity to unlock the full geological and energy potential of the Baltic Sea." Polish Foreign Minister Radosław Sikorski said on X, formerly Twitter: "Sławosz flies to space, Iga wins Wimbledon, the EU predicts a ton of money for (Poland) and now this too. God probably really loves the KO-PSL-PL2050-Lewica (coalition) government." As well as referring to the oil discovery, the post also mentions Polish astronaut Sławosz Uznański-Wiśniewski and tennis player Iga Swiatek. Energy analyst Thomas O'Donnell told Newsweek: "This is not a game changer, but as far as politics is concerned this shows Poland's commitment to find oil and gas wherever it can." DIW researcher Claudia Kemfert said in a statement that the environmental costs "outweigh the benefits. Extraction therefore cannot be recommended." What Happens Next Further geological documentation must be prepared, submitted, and approved before extraction can start. Piotr Woźniak, former CEO of Polish oil and gas company Polskie Górnictwo Naftowe i Gazownictwo (PGNiG), told Euronews CEP will want to raise funds quickly and document the deposit so that it has full rights to it and the legal ability to exploit it. However, there is also a potential environmental challenge from a German organization, Lebensraum Vorpommern, over concerns about the potential impact of gas extraction.
