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☆ The Juggernaut promised to revolutionize South Asian news. But insiders say the company's founder misled investors, struggled to raise money, and left workers 'heartbroken.'
▼ + stars: | 2024-03-05 | by ( Katie Warren | ) www.businessinsider.com time to read: +33 min

They were gathered for the inaugural summit of The Juggernaut, a digital South Asian news startup that launched in 2019. The Juggernaut spokesperson told BI that "multiple employees have equity in the company," but BI was unable to identify any such employees. "Twenty years ago, you might've struggled to mention a South Asian actor that you've seen in a movie," he said. As of January, the site had about 10,500 subscribers, Sur told investors in an email viewed by BI. Some feel that the publication has strayed from its mission of delivering "untold, smart South Asian stories and news you won't find anywhere else."

Persons: —, Richa Moorjani, Manish Chandra, Anish Melwani, Sadiq Khan, Amitav Ghosh, Roy Rochlin, Jay Bhattacharya, didn't, Sur, Padma Lakshmi, Moorjani, Mira Nair, Oprah Winfrey, she'd, who've, Josh Benson, Bhattacharya, might've, you've, Dev Patel, Priyanka Chopra, Black millennials, Bhattacharya's, Adam Hansmann, Kevin Lin, Albert Ni, Charles Hudson, Steve Jennings, Sur's, Kyle Stanford, Axios, Stanford, Snigdha, Winfrey, MICHAEL TRAN, hadn't, wouldn't, Fariha Róisín, Meghna Rao, Róisín, Rao, Rao didn't, they'd, she's, it's, Hudson, who'd, Reetu Gupta, Aditi Shah, Sean Gupta, Steven Simione, would've, we're, Brian Morrissey, Morrissey, cofounders, Narendra Modi's, Sneha Mehta Organizations: Spring Studios, Netflix, Business, New Yorker, Harvard Business School, Guardian, American, Old Town Media, Athletic, BI, Indian, Yale, McKinsey, Precursor Ventures, Forbes, Getty, TechCrunch, YouTube's Sustainability, YouTube, Paramount Pictures Studios, Immigration Services, Stanford, Digiday, Gannett Locations: York City, chai, Jean's, hasn't, Sur, New York City, South, Asian, India, Madhya Pradesh, Queens, Sur texted, Indian American, AFP, Róisín, Los Angeles , California, South Asia, Silicon

“The Russian government must have the data of how many foreign fighters have joined the Russian army and how many Nepalis are fighting for Russia,” she said. The Russian foreign ministry has not responded to CNN’s questions about the number of Nepalis recruited by the Russian army and how many of them have died so far. She thought her husband, Shukra Tamang – a retired Nepali army soldier fighting for Russia – was the person calling. A photo shows Shukra Tamang, a retired Nepali army soldier, training in Russia. Bonuses paidNepali men who want to join the Russian army first travel to Russia on a tourist visa.

Persons: Nepal CNN — Ramchandra Khadka, Khadka, “, ” Khadka, Ramchandra Khadka, ”, Bimala Rai Paudyal, Nepalis, Kritu Bhandari, Russia haven’t, Bhandari, ‘, Januka Sunar’s, hasn’t, Sunar, …, Januka Sunar, it’ll, Tamang, Shukra Tamang, Shukra, –, Russia –, Shishir Bishwokarma, Avangard, Suman Tamang, ” Tamang, “ It’s, It’s, Binoj Basnyat, Ram Sharma, Sharma, ” Sharma, Saud, Nepalis haven’t, Bhupendra Bahadur Khatri, hadn’t, ” Khatri, Basnyat Organizations: Nepal CNN, Russia, Ukraine, CNN, Russian, Henley & Partners, Bank, Communist Party of Nepal, Maoist, CNN CNN, YouTube, AK, Moscow Oblast, Avangard, United Arab, Agents, Moscow, CNN Kathmandu, World Bank Locations: Kathmandu, Nepal, Ukraine, Afghanistan, Russia, Russian, Moscow, Bakhmut –, Bakhmut, North Korea, Januka, Nepali, Avangard, Indian, United Arab Emirates, India, Dubai, UAE

☆ Family of Al Jazeera Gaza journalist, Wael Al-Dahdouh, killed in Gaza strike, says broadcaster
▼ + stars: | 2023-10-25 | by ( Kevin Flower | Tara John | ) edition.cnn.com time to read: +4 min

CNN —Al Jazeera said its bureau chief in Gaza, Wael Al Dahdouh, lost his wife, son, daughter, and grandson in what it said was an Israeli airstrike on Wednesday. “Members of the family of our colleague Wael Al Dahdouh, including his wife, son, and daughter, were martyred in an Israeli bombing,” Al Jazeera wrote in an on-air message. An emotional Al Dahdouh was seen in a video crying as he stood over his son’s body, wrapped in a white sheet. His son Mahmoud was 15 years old, and his daughter Sham was seven years old, Al Jazeera reported. Al Jazeera anchor Abdisalam Farah announced the deaths on air, visibly struggling to keep his composure and tearing up.

Persons: CNN — Al Jazeera, Wael Al Dahdouh, ” Al Jazeera, Al, Adam, Al Jazeera, Al Dahdouh, Mahmoud, Sham, Abdisalam Farah, Tal El Hawa, Al Dahdouh’s, “, Wael Dahdouh, CPJ, Roshdi Sarraj, Melwani, Pierre Meilha, Sophie Jeong Organizations: CNN, IDF, Al Aqsa Martyrs Hospital, Palestinian Ministry of Health, International Press Institute, Protect Journalists, French, Radio France, Israel Defense Forces Locations: Gaza, Israeli, Al, Al Aqsa, Al Jazeera, Tal, Ramallah, Gaza City, Zahra, Lebanese

Yocheved Lifshitz, 85, an Israeli grandmother who was held hostage in Gaza for over two weeks, speaks to reporters a day after her release from captivity. Lifshitz explained how this culminated in the attack on Nir Oz in southern Israel on October 7. Not long after, “hordes” of Hamas fighters broke through the kibbutz’s “expensive” fences and kept coming in their “droves,” she said. Video Ad Feedback Video shows harrowing images from Nir Oz kibbutz after Hamas attack 05:36 - Source: CNNLifshitz is one of the community’s founders and worked as a photographer and a teacher at the regional high school, according to a Nir Oz community statement. Daniel Lifshitz said seeing his grandmother had shown him that other hostages need to be freed as soon as possible.

Persons: “, Yocheved, Nir Oz, Lifshitz, Lifshitz’s, Sharone, ” Lifshitz, Yocheved Lifshitz, Janis Laizans, ”, Shin Bet, Nurit Cooper, Daniel, Daniel Lifshitz, Oded Lifshitz, Amiram Cooper, Cooper, –, Nir, Eti Uziel, ” Uziel, Joe Biden Organizations: CNN, Hamas, Reuters, Israel Defense Forces, Shin, IDF, Qahera Locations: Gaza, Israel, Tel Aviv, Eilats, Mexico, Brazil, United States, Germany, Thailand

The United States imported nearly $127.5 billion in goods from Vietnam in 2022, compared with $101.9 billion in 2021 and $79.6 billion in 2020, according to US government data. The United States needs a trusted partner for its supply of chips, and Vietnam can do just that, Osius said. But that compares favorably with a global growth forecast of 3%, and is noticeably faster many of the world’s major economies, such as the United States, China and the eurozone. Politically, Vietnam shares many similarities to China in that it is an authoritarian one-party state that tolerates little dissent. Vietnam is an obvious choice, because it’s a cheap alternative to manufacturing in China, said García-Herrero.

Persons: Joe Biden, ”, Donald Trump’s, Nguyen Phu Trong, Biden, Antony Blinken, Evan Vucci, ” Ted Osius, Janet Yellen, Michael Every, Alicia García, Osius, chipmaker, Ho, “ We’re, Natixis, ” Osius, “, — CNN’s Kyle Feldscher, Jeremy Diamond, Kevin Liptak Organizations: Hong Kong CNN, America, Apple, Intel, House, Communist Party of, ASEAN Business Council, CNN, United, Atlantic Council, Rabobank, White House, United State, Monetary Fund, “, Netflix, Boeing Locations: Hong Kong, Vietnam, Washington, Hanoi, China, Asia, India, Communist Party of Vietnam, United States, Hanoi Nguyen Huy Kham, United, Beijing, The California, Ho Chi Minh City, Asia underwhelms

CNN —A group of military officers claiming to represent “defense and security forces” in Gabon announced on Wednesday they had seized power in the African nation, according to a televised address circulating on social media. In the broadcast, the military officer said the election results would be voided and the country’s borders would be closed until further notice. Bongo’s long ruleEarlier on Wednesday, Gabon’s election body said Bongo had won the presidential election with 64.27% of the vote, after a delay-plagued general election that the opposition denounced as fraudulent. The elder Bongo came into power in 1967, seven years after the country’s independence from France. Ahead of the election, the non-profit Reporters Without Borders condemned the Gabonese government for obstructing foreign press coverage of the event.

Persons: ”, Ali Bongo, “, Bongo, Albert Ondo Ossa, Omar Bongo, Ondo, Bongo’s Organizations: CNN, Gabon24, Twitter, Senate, National Assembly, Constitutional, Economic, Social, Environmental Council, Reuters, Union, Borders, United Nations, Gabonese Locations: Gabon, Gabonese, Libreville, West, Central Africa, Mali, Guinea, Burkina Faso, Chad, Niger, Ondo, France

☆ North Korean plane lands in China for first time in three years
▼ + stars: | 2023-08-22 | by ( Mihir Melwani | ) edition.cnn.com time to read: +1 min

CNN —Air travel between the Hermit Kingdom and the Middle Kingdom is possible once again. Air Koryo flight JS151 from Pyongyang, North Korea’s capital, arrived at Beijing’s PEK airport on Tuesday at 9:17 a.m. local time, according to the Beijing Capital International Airport website. The resumption of North Korean flag carrier Air Koryo’s regular flights between China and the DPRK was approved by Chinese authorities amid the changes in Chinese covid travel restrictions in January, according to a statement by China’s Ministry of Foreign Affairs. Meanwhile, regular flights between North Korea and Russia are set to resume on Friday, August 25, for the first time since the Covid-19 pandemic, as previously reported by CNN. The one-hour flights travel between Pyongyang and the southeastern Russian city of Vladivostok, where North Korean leader Kim Jong Un and Russian President Vladimir Putin met for a summit in 2019.

Persons: Kim Jong Un, Vladimir Putin, CNN’s Paula Hancocks, Lilit Marcus, Yoonjung Seo Organizations: CNN, Air, Beijing Capital International, Air Koryo’s, DPRK, China’s Ministry of Foreign Affairs, North Locations: Hermit, Kingdom, Pyongyang, North, Beijing’s PEK, North Korea, Korean, China, Russia, Russian, Vladivostok

CNN —At least 26 people have been killed in an explosion in the town of Finote Selam in northwestern Ethiopia, amid heavy fighting between government forces and a local militia group. Tenaw told CNN that people reported hearing only one explosion, the cause of which is unclear. The Ethiopian government declared a six-month state of emergency in the Amhara region on August 4 after days of clashes. The United Nations “called on all sides to respect human rights and take steps to deescalate the situation,” noting that “previous states of emergency have been accompanied by violations of human rights” in a statement Friday. CNN has reached out to the federal government, the Ethiopian National Defense Forces, and the Amhara regional government for comment.

Persons: Manaye Tenaw, Tenaw, EHRC, ” “ EHRC, Finote Selam, ”, United Nations “, Antony Blinken, “, I’ve, ” Blinken Organizations: CNN, Human Rights, Ethiopian, Dar, United Nations, Ethiopian National Defense Forces, Amhara, Eritrean Defense Forces, Front, State Locations: Finote, Ethiopia, Fano, Amhara, Debre Birhan, Gondar, Addis Ababa, Bahir Dar, Australia, Japan, New Zealand, United Kingdom, United States, America, Tigray

CNN —Rescue teams have found at least 17 bodies on Myanmar’s shores after a Rohingya boat capsized while on its way to Malaysia on Monday, officials told CNN. Among the dead were 10 women and seven men – all of whom were Rohingya Muslims, said Bya Latt, a spokesperson for the Shwe Yaung Matta Foundation rescue group. A Sittwe police official told CNN that the boat was transporting 58 people, including three boat drivers. “They were met with a storm in the sea and the boat sank under huge waves,” the official said, asking not to be identified. The perilous voyage from Cox’s Bazaar to Malaysia can take weeks, and conditions at sea are challenging, experts have noted.

Persons: –, Bya Latt, Shwe Yaung Matta, Latt Organizations: CNN — Rescue, CNN, Shwe Yaung, Shwe Yaung Matta Foundation Locations: Malaysia, Rakhine, Sittwe, Rathedaung, Myanmar, Bangladesh, Cox’s Bazar

☆ How luxury giant LVHM built a recession-proof empire
▼ + stars: | 2023-05-18 | by ( Natalie Rice | ) www.cnbc.com time to read: +2 min

The company recorded revenue of 79.2 billion euros, or about $86.3 billion, last year, an increase of 23% from 2021 revenue. Some experts have long-hailed the company as "recession-proof," able to sustain itself through economic downturns and boasting products that uniquely appreciate over time. Though managed by LVMH, each maison has creative control over its own brand, with its own C-suite executives and mission. LVMH consistently collaborates with celebrities, fashion icons and influencers in order to stay relevant for the younger luxury crowd. Remaining relevant is key to longevity in luxury — and LVMH's strategy in building a brand that not only endures but continues to excel.

☆ How luxury giant LVMH built a recession-proof empire
▼ + stars: | 2023-05-18 | by ( Natalie Rice | ) www.cnbc.com time to read: +2 min

Luxury giant LVMH Moët Hennessy Louis Vuitton, more commonly known as LVMH , has grown into a $500 billion powerhouse conglomerate of 75 distinguished brands, or "maisons," rooted in six different sectors — with no plans to slow down. The company recorded revenue of 79.2 billion euros, or about $86.3 billion, last year, an increase of 23% from 2021 revenue. Though managed by LVMH, each maison has creative control over its own brand, with its own C-suite executives and mission. LVMH consistently collaborates with celebrities, fashion icons and influencers in order to stay relevant for the younger luxury crowd. Remaining relevant is key to longevity in luxury — and LVMH's strategy in building a brand that not only endures but continues to excel.

I was continuously berated with various comments.”A spokesperson for the UNC Board of Governors declined to comment on the lawsuit. Justin CookLeigh, Younge, Kapadia and Long painted a different picture from Brown’s of the professors in their open letter. Neither Leigh nor Younge, who were both at the university during Brown’s time there, reported having negative interactions with Brown, they said. “We acknowledge the fact that our experiences are unique to ourselves and not everybody shares those same experiences,” Younge added. In response to the letter on Brown's behalf, Brown’s attorney, Artur Davis, said: “While we respect the experiences of these individuals two things come to mind.

I had panic attacks every time I went to school.”Brown was accepted into the school’s five-year organizational behavioral program in March 2020 and dismissed from the program in July 2021, the lawsuit alleges. The lawsuit alleges that while Brown was admonished for requesting extensions, her white colleagues received “scheduling accommodations for reasons ranging from personal crises to writer’s block with no penalty or consequence.”The lawsuit alleges that Brown informed Melwani and Christian of the court hearings and the assaults. The lawsuit says Brown consistently got good grades, even as she battled with her advisers about her work, the lawsuit states. When Brown reported the disparity, the lawsuit alleges, Desai told her, “You are not as competent as we thought you were.” Desai did not immediately respond to the allegation. The lawsuit alleges that, fed up, Brown reported the professors’ “discriminatory pattern of conduct” to the school’s Equal Opportunity Compliance Office in June 2021.

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