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A few years later she turned it into a business called UAE Trekkers, running weekend hikes while she continued teach English in the week. A lot of people don’t realize that there’s so much nature here – they’re blown away.”Amy Subaey, founder of UAE Trekkers. From this, UAE Trekkers developed a “student- centered” approach that caters to new hikers, from the classroom to the trails. UAE Trekkers’ hikes include a sunset trek across the Liwa desert in Abu Dhabi, a location used in “Dune Part Two.” UAETrekkers FZ LLCPlanning aheadBut even hikes aimed at beginners can require extensive planning. UAE Trekkers’ certified guides provide hikers with coaching on how to prepare for treks, what to bring and how to make the most of the experience.
Persons: Amy Subaey, , ” Subaey, ” Amy Subaey, Subaey, I’m, “ There’s, Organizations: CNN, United Arab Emirates, UAE, Warner Bros, , Subaey Locations: Minnesota, Bahrain, Egypt, Dubai, UAE, Dubai Subaey, Hatta, Sharjah, Fujairah, Oman, Abu Dhabi, Lima
Hong Kong/New Delhi CNN —Singapore Airlines is setting the bar high when it comes to bonus payouts. Singapore Airlines did not respond to a request for comment. The Singapore flag carrier was named the world’s best airline last year, according to the prestigious Skytrax World Airline Awards. Dubai’s Emirates will pay its staff a bonus equivalent to 20 weeks’ salary, Reuters reported this week, citing an internal email. However, the coming year could be difficult for the sector, Singapore Airlines said in its earnings statement.
Persons: Choon Phong Organizations: Hong Kong / New Delhi CNN — Singapore Airlines, CNN, Singapore Airlines, SIA, Emirates, Reuters Locations: Hong Kong / New Delhi, North Asia, China, Hong Kong, Japan, Taiwan, Singapore
London CNN —The world is facing a shortage of the minerals needed to make the electric vehicles, wind turbines, solar panels, and other clean energy technologies essential to ending its reliance on fossil fuels. The world is on track meet only 70% of global copper demand and 50% of lithium demand by 2035, the agency added. Prices for some critical minerals have returned to their lower pre-pandemic levels, the IEA noted, with those needed to make batteries falling particularly sharply. However, “today’s well-supplied market may not be a good guide for the future, as demand for critical minerals continues to rise,” it added. Concentration risksConcentration of critical minerals production in a small number of countries increases the risk of shortages, the agency warned.
Persons: Fatih Birol, Organizations: London CNN, International Energy Agency, Investment, IEA, Locations: Paris, China
There is no greater success story on Broadway than “The Lion King.” It is reliably among the top-grossing stage shows in New York, where it has brought in nearly $2 billion over its 26-year run; its global total is five times that amount. The musical’s producer is the theatrical division of the Walt Disney Company, an entertainment industry behemoth that earned $89 billion in revenue during its last fiscal year. And yet, the show was one of roughly four dozen productions that have received millions of dollars in assistance from New York State under a program designed to help a pandemic-hobbled theater industry in New York City. Over the three years since the program was established, New York State has bestowed over $100 million on commercial Broadway productions.
Organizations: Walt Disney Company, New York, New York State Locations: New York, New, New York State, New York City
An employment verification letter American Airlines gives to some newly hired flight attendants documenting their salary has been circulating on Reddit, drawing attention to their low wages. The union says that flight attendants’ low salaries compared to top airline executives is a prime example of “corporate greed.”New flight attendants at American Airlines start at $27,000 per year. Robert Isom, the CEO of American Airlines, earned $31.4 million last year — 1,162 times more than a new attendant. American Airlines flight attendants have not gotten a raise since 2019, and the union is escalating its push for a new contract to raise wages. Flight attendants for United Airlines, Alaska Airlines and other carriers are also pushing for new contracts to raise wages.
Persons: haven’t, , , Robert Isom, Paul Hartshorn, APFA, Joe Biden, ” Hartshorn, Organizations: New, New York CNN, American Airlines, Association of Professional, Nutrition Assistance, SNAP, CNN, United Airlines, Alaska Airlines, Bureau of Labor Statistics, Railway Labor, Board, Airlines, “ Management, Southwest Airlines Locations: New York, Massachusetts
Opinion | Wokeness Is Dying. We Might Miss It.
  + stars: | 2024-05-17 | by ( Michelle Goldberg | ) www.nytimes.com   time to read: +1 min
There is much about that febrile moment worth satirizing, including the white-lady struggle sessions inspired by the risible Robin DiAngelo and the inevitable implosion of Seattle’s anarchist Capitol Hill Autonomous Zone. Bowles dissects both in the book’s best sections. “At various points, my fellow reporters at major news organizations told me roads and birds are racist,” she writes. Exercise is super racist.” Even allowing for 2020’s great flood of social-justice click bait, these are misleading and reductive caricatures. It’s hardly revisionist history, for example, to point out that Interstates were tools of racial segregation.
Persons: Nellie Bowles, George Floyd, Donald Trump’s, , , Robin DiAngelo, Bowles dissects, Tom Wolfe’s “, Joan Didion’s “, It’s Organizations: New York Times, Capitol, Capitol Hill Autonomous Locations: Capitol Hill, Bethlehem
1 in 7 Gen Z credit card users are ‘maxed out’
  + stars: | 2024-05-17 | by ( Matt Egan | ) edition.cnn.com   time to read: +5 min
CNN —Ariel Barnes plunged into a credit card debt spiral in college, and a decade later she’s yet to escape. Barnes, a manager of gift processing at Jackson State University, has maxed out seven credit cards and is struggling to make minimum payments on $30,000 of credit card debt. Roughly one in seven (15.3%) Gen Z credit card borrowers have maxed out their credit cards, according to new research from the Federal Reserve Bank of New York. For instance, the median Gen Z borrower’s credit limit is just $4,500, compared with $16,300 for Millennials and $21,800 for Gen X, the NY Fed said. There’s never a good time to carry a credit card balance, but right now is arguably the worst time.
Persons: CNN — Ariel Barnes, Barnes, ” Barnes, Baby Boomer, Xers, , “ I’ve, Zers, Ted Rossman, Gregory Daco, ” Daco, haven’t, X, it’s, There’s, That’s, Daco, CNN’s Alicia Wallace Organizations: CNN, Jackson State University, Federal Reserve Bank of New, Fed, NY Fed, Bankrate.com, Wall, NY, Federal Locations: Jackson , Mississippi, Federal Reserve Bank of New York
The question for some of us is, why some people want to keep working decades beyond retirement age? CNN Opinion editor Stephanie Griffith asked seven people who are past the conventional retirement age why they are still at the job and got as many responses as there were respondents. They continue to work happily and productively, and were happy to explain to us how and why they do it. Over the years I’ve had to adapt frequently to the changing technology, which isn’t always easy for someone my age. That may be the secret of working well past the time society tells us we’re supposed to retire.
Persons: CNN —, Howard Tucker, Tucker, he’ll, ” Tucker, Joe Biden, Donald Trump —, Trump, ageist, Biden, Stephanie Griffith, Vincent, Austin Tucker, I’ve, isn’t, , Taylor Taglianetti, Gayle Fleming, it’s, I’m, , Gayle Fleming Michael Ventura, Biden —, Charles Simon, Ana Marie Forsythe, Alvin, Ana Marie Forsythe Kyle Froman, — Joyce Trisler —, Joyce, She’d, Lester Horton, Alvin Ailey, Ailey, Ailey School Martha Graham, José Limón, Horton, don’t, Marjorie Perces, Cheryl Bell, didn’t, Babette Coffey, you’ve, you’re, David A, I, Pamela S, Donald Trump, Maggie Mulqueen, Alan Steele, Joan Steinau Lester, , Carole Johnson, — I’m, Octogenarians Organizations: CNN, Records, Biden, Vincent Charity Medical Center, Case Western Reserve University, St, AI Society, Computer, MSNBC, Society, Alvin Ailey School, Dance Media, Juilliard, Ailey School, Alvin, Alvin Ailey American Dance, Vassar College, Ailey, Horton Department, The New York Times, CBS, American, French Legion of, Social Security, Twitter Locations: Ohio, St, Cleveland, one’s, Seattle , Washington, Cambridge , Massachusetts, West, Horton, New York City, , Brookline , Mass, drmaggiemulqueen.com
As they were originally conceived, Disney's international parks were meant to "bring the unforgettable Disney magic to an international audience," according to the company. While the international parks themselves have always taken steps to accommodate diverse audiences — providing shows and attractions in multiple languages — Disney appears to be marketing the international parks to American audiences in more direct ways. In addition to the content creator efforts, Disney has begun to include its international parks in its own content consumed by Americans. In the Disney+ show "Behind the Attraction," which premiered in 2021, numerous variations on American rides at international parks were discussed and digested for American audiences. Disney creators around the world grew their followings, and demand for content from international Disney parks rose alongside them.
Persons: Peter Pan, Disney, Quincy Stanford, AllEars, Stanford, Emma Kenner, Kenner, Taylor Swift, Rolling Stone Organizations: Disney, Tokyo Disney, YouTube, Disney Parks, NBC, Tokyo Disneyland, Magic, Tokyo Disney Resort, Stanford, Walt Disney Co, Paris La Défense, Rolling, Swift Locations: China, Japan, Tokyo, Shanghai, Hong Kong, U.S, California, Florida, Tokyo ., Paris
Hong Kong CNN —China has unveiled wide-ranging measures to rescue its property sector, including asking local governments across the country to buy unsold homes from beleagured developers and easing rules on purchases. In a coordinated move, the People’s China of China (PBOC) announced that it will set up a nationwide program to provide 300 billion yuan ($41.5 billion) in loans to fund state purchases of unsold homes. The 300 billion yuan provided by the central bank could eventually underpin 500 billion yuan ($69 billion) worth of credit to support such purchases, she estimated. Expectations that Beijing was preparing a plan to have local governments across the country buy millions of unsold homes have successfully buoyed China stocks. On Friday, He also urged local governments to buy back or directly purchase land that has been sold to developers but not yet used.
Persons: Lifeng, Tao Ling, Larry Hu, , Société Générale Organizations: Hong Kong CNN, Communist, China Real Estate Business, Macquarie Group, Reuters, provident Locations: China, Hong Kong, Beijing
In 1918, an influenza virus jumped from birds to humans and killed an estimated 50 million to 100 million people in a world with less than a quarter of today’s population. For years it has been devastating bird populations worldwide and more recently has begun infecting mammals, including cattle, a transmission never seen before. In another first, the virus almost certainly jumped recently from a cow to at least one human — fortunately, a mild case. As they do, they must be cautious about the lessons they might think Covid-19 left behind. Two assumptions based on our Covid experience would be especially dangerous and could cause tremendous damage, even if policymakers realized their mistake and adjusted quickly.
I started working in a towering office building in London, and I felt completely out of my depth. In 2016, I was about to move into an area I didn't want to work in when JPMorgan headhunted me. I had been stuck in golden handcuffs, but I was lucky that I didn't have some of the financial pressures other people have, like children. But I get much more of a sense of purpose from my work and feel like I am supporting people. If you left a high-paying career and would like to share your story, email Ella Hopkins at ehopkins@businessinsider.com.
Persons: , Lucy Puttergill, It's, JPMorgan headhunted, I'd, I've, weren't, Gabor Mate, Ella Hopkins Organizations: Service, JPMorgan, Citi, Business, impressiveness, Mexico City Locations: South Africa, London, Italy, South America, Mexico, Cape Town , South Africa, ehopkins@businessinsider.com
Adults have felt more socially anxious and had more trouble forming relationships since the start of the Covid-19 pandemic, studies show. Here are three of her top micro-risks you can take to build more credibility, confidence and influence around the office. Ask for helpThe longer you work somewhere, the more it can feel like your colleagues expect you to know all the answers. If going directly to your new boss makes your skin crawl, enlist an "awkward army" — a small group of colleagues you trust — and compare notes, Pryor recommends. You could ask your army how to pronounce a co-worker's name, or how certain supervisors like reports formatted.
Persons: Pryor, , you've, You'll Organizations: Regularly
London CNN —The chorus of voices warning about the dangers of record US government debt is growing louder. In the past 24 hours, JPMorgan (JPM) CEO Jamie Dimon and Ray Dalio, founder of the world’s biggest hedge fund, have weighed in with concerns about America’s debt pile. Ray Dalio, the billionaire founder of Bridgewater Associates, during a Bloomberg Television interview in New York in April 2024. Dimon acknowledged that debt-fueled government spending, including pandemic stimulus, had been one of the reasons behind robust growth in the world’s biggest economy. Debt servicing costs have also soared, on the back of higher official interest rates, leaving less money for public services.
Persons: Jamie Dimon, Ray Dalio, Dimon, you’ll, Dalio, I’m, , Victor J, we’ve, ” Dimon, Liz Truss Organizations: London CNN, JPMorgan, Sky News, Treasury, Financial Times, International Monetary Fund, Congressional, Office, Bridgewater Associates, Bloomberg Television, Bloomberg, Getty, Treasury Department, IMF, US, Federal Locations: Russia, New York, America, Covid, United, United Kingdom
The new strain of bird flu has infected more than 90 million chickens and has spread to dairy cows and even humans. Here's what you need to know about the "global pandemic for animals." This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account?
Organizations: Business
Consumers have largely seen prices deflate for physical goods, such as cars, furniture and appliances, economists said. They've also declined for some groceries and other things, such as travel, according to the consumer price index. Physical goods prices have deflated in all but one month since May 2023, for example. watch nowThe U.S. dollar's strength relative to other global currencies has also helped rein in prices for goods, economists said. Downward pressure on goods prices has waned a bit in recent months as supply-and-demand dynamics have normalized, economists said.
Persons: Oscar Wong, They've, they've, Michael Pugliese, Stephen Brown, Mark Zandi, Zandi, Hayley Berg, Hopper, There's, Brown Organizations: Consumers, Wells, Wells Fargo Economics, North, Capital Economics, Finance, GameStop, AMC, U.S, Federal Reserve, Canadian, Moody's, Airlines Locations: Wells Fargo, North America, U.S
Snagging a summer internship at a leading investment bank is not just a fun summer job — it's often the starting point for a career on Wall Street. Wall Street internships are not easy to land, as BI has previously reported. Goldman Sachs, for example, accepted just 1.5% of candidates into its 2022 summer internship class out of more than 236,000 applications worldwide. Interns who perform well tend to be offered a full-time job as an entry-level investment banker upon graduation. We have advice from executives at top firms like Goldman Sachs as well as former interns on how to prepare for and make the most of the Wall Street summer internship.
Persons: — it's, Steve Sibley, Ivy League university's, Goldman Sachs Organizations: Service, Indiana University's Kelley School of Business, Ivy League Locations: Snagging
Consumer spending is slowing, and it's a warning shot for the US economy as it navigates the approach to a soft or a hard landing. Meanwhile, March retail sales were revised downward, with spending rising 0.6% instead of the initially reported 0.7%. The retail sales number was sluggish with a capital 'S,'" economist David Rosenberg said in a note this week. A hard landing has been postponed partly because of the strength of consumer spending in 2023, he wrote previously. The New York Fed sees a 50% chance that the economy will tip into recession by April 2025.
Persons: David Rosenberg, Rosenberg, Primerica, Danielle DiMartino Booth, who's, Booth, Schwab, I've Organizations: Service, Business, Conference, New, Fed Locations: American, York
Americans now owe $1.12 trillion on their credit cards, the Federal Reserve Bank of New York reported Tuesday. Keeping up with credit card debt is getting more difficult. "Rent, when you have it, auto loans, utilities, these are all things consumers prioritize ahead of credit cards." As a result, credit card delinquency rates are higher across the board, the New York Fed and TransUnion found. Over the last year, roughly 8.9% of credit card balances transitioned into delinquency, the New York Fed reported.
Persons: Charlie Wise, TransUnion's, Young, Wise, TransUnion, Kassandra Martinchek Organizations: Federal Reserve Bank of New, New York Fed, Finance, Fed, Urban Institute Locations: TransUnion, Federal Reserve Bank of New York, , New
Affordability remains a headacheHome affordability has taken a huge hit since the pandemic as mortgage rates, property prices, and — by extension — down payments have surged. Mortgage rates have since more than doubled at over 7%, and houses cost over $70,000 more at $332,000. The 30-year fixed mortgage rate is now roughly triple the 2.7% rate it was at in early 2021. The savings rate in the late 2010s was around 6.5% of disposable income, and it spiked early in the pandemic due to a surge of government stimulus. 23 cities where down payments are down meaningfullyAlthough affordability is limited as mortgage rates, home prices, and down payments have risen, there are still dozens of cities where the cost of buying a house is headed lower.
Persons: , Hannah Jones, Realtor.com, Freddie Mac, they'd, Jones Organizations: Service, Business Locations: Realtor.com
The 36-year-old healthcare tech investor said on X, formerly Twitter, earlier this month that 90 percent of her meetings are phone calls, while 10 percent are on Zoom. Other desk workers have moved away from video calls, a decision that is also backed up by recent research on Zoom fatigue. Farr started moving her video meetings to phone calls so that she could take walks during them. Related storiesFarr knows phone calls don't work for every type of meeting, especially when visuals are crucial — like when a slide deck is being presented. Bailenson concluded the report with a simple suggestion: "Make 'audio only' Zoom meetings the default, or better yet, insist on taking some calls via telephone."
Persons: , it's Christina Farr, Farr, — Farr, Christina Farr, Farr —, Alyssa Jaffee, Farr's, Jaffee, Jeremy Bailensonon, Bailenson Organizations: Service, Business, Stanford Locations: Chicago
Tourists globally are spending an average of one more day at destinations compared to 2019. Longer vacations are more sustainable, reducing carbon emissions from fewer flights. Sustainability experts recommend fewer, longer trips to minimize environmental impact. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In Europe, Africa, and the Middle East, people are extending their trips for two days longer than before the pandemic.
Persons: Organizations: Sustainability, Service, Mastercard Economics Institute, Business Locations: Europe, Africa, East
The Dow just hit 40,000. Here's a look at how it got here
  + stars: | 2024-05-16 | by ( Fred Imbert | ) www.cnbc.com   time to read: +1 min
The Dow first closed above 20,000 in early 2017, as investors began pricing in lower corporate taxes in the U.S. under former President Donald Trump. However, the Dow struggled in 2018 after the excitement around lower taxes faded, with trade tensions between China and the U.S. rising and the Federal Reserve raising interest rates. In 2019, the stock market recovered as the Fed pivoted away from raising rates. By early 2020, the Dow was nearing 30,000 — reaching a high of 29,551.42 on Feb. 12, 2020. The Dow tumbled 38% from its February 2020 intraday peak to a low of 18,213.65 in March 2020.
Persons: It's, Donald Trump, Dow, — CNBC's Gabriel Cortés Organizations: Dow, Federal Reserve, Fed Locations: U.S, China
Wayfair follows other direct-to-consumer brands that have opened stores, including Warby Parker , Figs , Casper, Glossier and Everlane. In the early 2010s, new store openings largely outpaced closures, until the tide turned in 2017. Jeenah Moon | Bloomberg | Getty ImagesOther privately held direct-to-consumer brands have also expanded into retail stores, including bedding company Brooklinen, furniture store Burrow and apparel brands Everlane and Untuckit. High cost of entryIf direct-to-consumer brands could all open stores and suddenly boost sales and profitability, they'd all be doing it. Courtesy: WayfairSome direct-to-consumer brands have already been burned after they expanded too quickly and demand fell.
Persons: Niraj Shah, Wayfair, Warby Parker, Glossier, They're, Larry Cheng, It's, you'll, Liza Lefkowski, Shah, Coresight, John Mercer, Coresight's, Trina Spear, Spears, King, King of Prussia, Rebecca Fitts, Alvarez, Tolia, Allbirds, Al Drago Organizations: CNBC, Apple iOS, Companies, Walmart, Target, Joss, Discount, TJX, Bloomberg, Getty, Marsal, Washington , D.C Locations: Wilmette , Illinois, Chicago, Casper, Amazon, U.S, Coresight Research's, Burlington, Los Angeles, Philadelphia, King, King of Prussia , Pennsylvania, Georgetown, Washington ,
But the roots of the commission’s decline go back at least a decade and came to a head in 2020, when the commission struggled to stage a debate with Mr. Trump and Mr. Biden during the pandemic. The candidates’ first encounter that year was caustic and raucous, as Mr. Trump shouted over Mr. Biden and the moderator. As it later turned out, Mr. Trump had a Covid diagnosis days before the event, leading to strong objections from the Biden campaign to the commission. The second debate was canceled by Mr. Trump after the commission sought to make it virtual because Mr. Trump was recovering from the illness. By the third debate, the commission gave the moderator a mute button to cut off a candidate who broke the rules.
Persons: Biden, Donald J, Trump, , I’ve, Chris Wallace Organizations: Mr
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