DIRS.INFO The most relevant business & tech news

☆ Google teases the return of Google Glass in Project Astra demo
▼ + stars: | 2024-05-14 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +3 min

While promoting Project Astra, Google CEO Sundar Pichai teased the possible return of Google Glass. The first Google Glass was originally launched in 2013 and was a remarkable commercial failure. "Google Glass has RE-entered the chat," one user quipped below the YouTube video promoting Project Astra and featuring the prototype glasses. AdvertisementThe original Google Glass debuted in 2013 but was a remarkable commercial failure. Production on the original Google Glass was ultimately discontinued in 2015, though two enterprise editions were attempted in 2017 and 2019, respectively.

Persons: Sundar Pichai, Pichai, —, Sundar Pichar, Pichar, toted, Quinn Meyers Organizations: Astra, Google, CNBC, Service, Project Astra, Business, YouTube, Apple, Gemini

☆ Georgia presses on with Putin-style ‘foreign agent’ bill despite huge protests
▼ + stars: | 2024-04-18 | by ( Christian Edwards | Niamh Kennedy | ) edition.cnn.com time to read: +4 min

CNN —Georgia’s government is attempting to force through a controversial “foreign agent” law, despite international condemnation and huge protests from its citizens. Critics of the law say is it is a Kremlin-inspired effort to undermine democracy which will damage Georgia’s bid to join the European Union. The ruling Georgian Dream party first tried to pass the bill 13 months ago, but was forced into an embarrassing climbdown following a week of intense protests. Nearly 80% of Georgians support European integration, according to a poll conducted in December by the National Democratic Institute. Since Russia invaded Ukraine in February 2022, thousands of Russians – especially men of service age – have fled to Georgia to avoid conscription.

Persons: CNN —, ”, Vladimir Putin, Putin, ” Salome Zourabichvili, Zourabichvili, –, Irakli Gedenidze, ” Giorgi Bekurashvili Organizations: CNN, European Union, South Caucasus, “, Kremlin, EU, National Democratic Institute Locations: Soviet, Europe, United States, Tbilisi, Georgian, Russia, South, Russian, “ Russia, Georgia, Ukraine

☆ Where to Eat and Drink in Milan Right Now
▼ + stars: | 2024-04-11 | by ( Laura May Todd | ) www.nytimes.com time to read: 1 min

Where to Eat and Drink in Milan Right NowA new generation of bars, restaurants and bakeries are reinvigorating the Italian city’s food scene.

Locations: Milan

☆ Visits from Japanese and Filipino leaders highlight Biden’s efforts to blunt China’s aggression
▼ + stars: | 2024-04-09 | by ( Arlette Saenz | Kayla Tausche | ) edition.cnn.com time to read: +12 min

Biden’s week also includes an official visit for Japanese Prime Minister Kishida Fumio, reinforcing his commitment to cultivating partnerships in the Indo-Pacific in the face of China’s rising economic and military power. The historic leaders summit on Thursday between Biden, Kishida and Filipino President Ferdinand Marcos is expected to produce announcements relating to infrastructure, energy security, digital connectivity and maritime security. Meanwhile, Japan has recently loosened restrictions on the export of military technology – paving the way for deeper collaboration with like-minded allies. The first virtual meeting with the four leaders took place in March 2021 with subsequent in-person summits in the years that followed. Biden and his team also have sought to draw in smaller regional neighbors concerned about China’s military and economic aggression.

Persons: Joe Biden, Kishida, Biden, Jake Sullivan, “, Jill Biden, Kishida Yuko, They’re, Ferdinand Marcos, Marcos, ” Sullivan, ”, John Neuffer, ” Biden, ” Rahm Emanuel, Sullivan, zeroed, Japan’s, Yoshihide Suga, Korea’s, Moon Jae, Yoon Suk Yeol, Rodrigo Duterte, Donald Trump, ” Kishida Organizations: Washington CNN, Japanese, CNN, Biden White House, Australia, US Steel, APEC, Washington, Semiconductor Industry Association, Clark Air Base, Subic Naval Base, American, White, Kishida, White House, Pacific, PBS Locations: Japan, Philippines, North Korea, Ukraine, Gaza, India, South Korea, China, Manila, ’, lockstep, Netherlands, Taiwan, Beijing, Thursday’s, US, Australia, South China, South, Russia, Kishida, United States, Tokyo, Seoul, David, United Kingdom, Washington, Vietnam, U.S

☆ China's plan for reinvigorating its economy has the West worried, but others still see an opportunity
▼ + stars: | 2024-04-08 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at how China's plan for reinvigorating its economy has the rest of the world worried . The country is overproducing goods and then flooding global markets with them to save its struggling economy, writes Business Insider's Huileng Tan. Decades ago, as the country opened up its economy, China underwent rapid industrialization, allowing it to produce cheap goods. AdvertisementUS Treasury Secretary Janet Yellen has already warned China shock 2.0 could destabilize the global economy, specifically impacting green-energy exports . He pointed to China's GDP growth outpacing the US when the numbers are adjusted for disinflation and inflation in each country, respectively.

Persons: —, Chelsea Jia Feng, Huileng Tan, Huileng, China's, Janet Yellen, Tyler Le, Ray Dalio, that's, it's, Dalio's, Nicholas R, Lardy, Donald Trump, M, There's, Angus Deaton, Walter Huang, Sevonne Huang, Justin Sullivan, Alyssa Powell, Tesla, Hubspot, Mikel Jaso, Zers, That's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett Organizations: Service, Business, West, New York Federal Reserve, Bridgewater Associates, Getty, Apple, Reuters, Google, McKinsey Locations: China, Glendale, Ariz, New York, London, Chicago

SAN FRANCISCO (AP) — The Walt Disney Co. posted stronger than expected earnings in the October-December quarter, boosted by cost cuts and growing revenue from its theme parks business. Disney earned $1.91 billion, or $1.04 per share, in the fiscal first quarter. Disney said it is achieving “significant cost reductions” across its businesses and reduced its selling, general and other operations expenses by $500 million. It expects to add up to 6 million subscribers in the current quarter. The company based in Burbank, California, said its theme parks business saw record revenue and operating income during the quarter.

Persons: Disney, Bob Iger Organizations: FRANCISCO, Walt Disney Co, Disney, Revenue, FactSet, ESPN Locations: Burbank , California

☆ Disney’s Bob Iger says the company has turned a corner. The stock is shooting higher
▼ + stars: | 2024-02-07 | by ( Samantha Delouya | ) edition.cnn.com time to read: +5 min

However, Disney continues to lose money in its streaming service business, though it has cut those losses compared to last year. The announcement of a planned ESPN service comes one day after ESPN, along with Fox Corporate and Warner Bros. it’s pretty dramatic in terms of the amount of time spent in games,” Iger said on CNBC. Disney’s foray into the video gaming space comes as competitor Netflix also ramps up their expansion into video games. In December, Netflix launched three mobile-friendly games from Grand Theft Auto, one of the best selling video game franchises ever.

Persons: CNN —, Bob Iger, Disney, ” Iger, Taylor, ”, Iger, “, Nelson Peltz, ‘ Fortnite, Alpha, Maruf Organizations: CNN, CNN — Disney, Wall, ESPN, Disney, Hulu, CNBC, Netflix, Fox Corporate, Warner Bros ., ‘, Epic Games, Theft Locations: Hulu, India

☆ Reaction to the death of former US Supreme Court Justice Sandra Day O'Connor
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +4 min

"Fortunately for us, she set her sights a little higher – becoming the first woman to serve as a U.S. Supreme Court justice. U.S. SUPREME COURT CHIEF JUSTICE JOHN ROBERTS"A daughter of the American Southwest, Sandra Day O'Connor blazed an historic trail as our Nation's first female Justice. SENATOR SUSAN COLLINS“The passing of Justice Sandra Day O’Connor reminds all of us of what an extraordinary woman and justice she was. JUSTIN DRIVER, PROFESSOR AT YALE LAW SCHOOL AND FORMER LAW CLERK TO O'CONNOR"Today, we lost a towering, trailblazing jurist who dramatically improved our nation. SENATOR CHUCK GRASSLEY, FORMER CHAIRMAN AND CURRENT MEMBER OF THE SENATE JUDICIARY COMMITTEE“Justice O’Connor was the first Supreme Court nominee I had the honor of voting for as a senator.

Persons: Sandra Day O'Connor, BARACK OBAMA, Sandra Day, Michelle, JOHN ROBERTS, SUSAN COLLINS “, Sandra Day O’Connor, ” CRISTINA RODRIGUEZ, O'CONNOR, NANCY PELOSI, O’Connor, EUGENE VOLOKH, JUSTIN, Justice O’Connor, CHUCK GRASSLEY, LARRY KRAMER, iCivics, John Kruzel, Andrew Chung, Scott Malone, Alistaiir Bell, Richard Chang Organizations: U.S, Supreme, Stanford Law School, SUPREME, REPUBLICAN U.S, AT YALE, SCHOOL, LAW, UCLA, OF, trailblazer, CIVICS, Thomson Locations: U.S, Arizona, Texas, American, New York

☆ Review: This ‘House of Bernarda Alba’ Is on Fire
▼ + stars: | 2023-11-29 | by ( Matt Wolf | ) www.nytimes.com time to read: +1 min

The ground is breathing fire, we’re told, in “The House of Bernarda Alba,” the Spanish classic by Federico García Lorca that opened Tuesday at the National Theater in London in a ferocious new version by Alice Birch. The show runs through Jan. 6. Directed by Rebecca Frecknall and starring Harriet Walter from “Succession” in the imperious title role, it really is scorching. Lorca’s play about a tough-as-nails matriarch and her five unmarried daughters in 1930s Andalusia is regularly revived in theaters in England, but I’ve never seen an ensemble so fully committed to the play, which races toward its tragic finish with genuinely shocking force. As Frecknall has demonstrated in work including that of Tennessee Williams and the Broadway-bound revival of “Cabaret,” she has a gift for reinvigorating familiar titles as though they were brand new.

Persons: we’re, Bernarda Alba, Federico García Lorca, Alice Birch, Rebecca Frecknall, Harriet Walter, I’ve, Frecknall, Tennessee Williams, ” Organizations: National Theater Locations: The, London, Jan, Andalusia, England

WASHINGTON (AP) — Argentina's right-wing President-elect Javier Milei will meet with President Joe Biden's national security adviser on Tuesday in Washington, according to the White House. National Security Council spokesman John Kirby told reporters on Monday that Milei will meet with White House national security adviser Jake Sullivan and other administration officials. The Treasury Department said in a statement that Milei's economic policy advisers will also meet with senior Treasury Officials on Tuesday. That meeting is expected to focus on the incoming Milei administration's economic policy priorities. Argentina’s president-elect has said he wants to move Argentina’s embassy in Israel from Tel Aviv to Jerusalem, emulating a move made by Trump.

Persons: —, Javier Milei, Joe Biden's, John Kirby, Milei, Jake Sullivan, Biden, Rosalynn Carter, ” Kirby, Donald Trump, Trump, ” Milei, Menachem Mendel Schneerson, Schneerson, he’s, hasn’t, “, Israel, ” ___ Politi, Fatima Hussein, Chris Megerian Organizations: WASHINGTON, House . National Security, White House, Milei, Treasury Department, International Monetary Fund, Lubavitch, Catholic, Israel, Trump, Associated Press Locations: Washington, Georgia, Colorado, Argentina, United States, New York City, Kirby, New York, Queens, Israel, Tel Aviv, Jerusalem, Buenos Aires

☆ What OpenAI’s turmoil is really all about
▼ + stars: | 2023-11-21 | by ( Allison Morrow | ) edition.cnn.com time to read: +7 min

OpenAI’s incredible upheaval — with former CEO Sam Altman caught in the middle — could have broad implications for who gets to control the future of artificial intelligence. However, Microsoft has already won the war: It is OpenAI’s most important stakeholder, with a promised $13 billion investment. In the past year, he has become the public face of the industry, and was instrumental in forging OpenAI’s partnership with Microsoft, which began in 2019. Altman, sources say, wanted to move quickly, while the OpenAI board wanted to move more cautiously. Both achievements are possible, and OpenAI’s strange structure — a nonprofit overseeing a for-profit company — was designed to contain AI from destroying humanity.

Persons: Sam Altman, OpenAI, ChatGPT, Altman, Greg Brockman, Satya Nadella, Kara Swisher, ”, Jason Schloetzer, Gil Luria, Davidson, “, Luria, ” Schloetzer, —, — CNN’s Clare Duffy Organizations: New, New York CNN, Microsoft, CNBC, CNN, Georgetown’s McDonough School of Business, D.A, Google Locations: New York, Silicon

☆ Gap shares soar on Old Navy brand renewal, controlled inventory
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +2 min

Comparable sales at Old Navy rose 1% in the third quarter, the first increase in 10 quarters. "Old Navy gained market share, an encouraging early proof point that work to improve both product assortment and brand messaging" were driving results, Gap Chief Financial Officer Katrina O'Connell said on Thursday following the earnings. Gap's struggles with outdated inventory at its namesake brand and Old Navy had pushed customers to look for newer and fresher styles at rivals like Shein and Amazon.com (AMZN.O). Jefferies analysts said new CEO Richard Dickson's prior experience in reinvigorating brands like Barbie at Mattel (MAT.O) could bring a lift to the Old Navy banner. The apparel maker's executives also alluded to a "longer recovery" time for Banana Republic and Athleta, which has seen "product misfires" and weak "retail execution".

Persons: Sarah Meyssonnier, Katrina O'Connell, Richard Dickson's, Barbie, Ananya Mariam Rajesh, Sriraj Organizations: REUTERS, Old Navy, Walmart, Advisory, Navy, Jefferies, Mattel, Banana Republic, Thomson Locations: Paris, France, trendier, encouragingly, Bengaluru

☆ Stock Market Today: S&P 500 Eyes 9-Day Winning Streak; Disney Stock, Bitcoin Price in Focus
▼ + stars: | 2023-11-09 | by ( ) www.wsj.com time to read: +1 min

Stocks turned lower in afternoon trading Thursday, putting the S&P 500 on pace to snap its winning streak . The benchmark index had been wavering earlier in the day, flirting with a ninth straight day of gains that would mark the longest winning streak since 2004. But demand at an afternoon Treasury auction proved weak, sending longer-term yields higher and pressuring stocks. The S&P 500, Nasdaq and the Dow were all lower by 0.7% or more. Treasury yields edged up.

Persons: Stocks, Jerome Powell Organizations: Nasdaq, Dow, Disney, Benchmark, Treasury Locations: China

☆ Stock Market Today: S&P 500 Eyes 9-Day Winning Streak; Disney Stock in Focus
▼ + stars: | 2023-11-09 | by ( ) www.wsj.com time to read: +1 min

Stocks ticked lower Thursday, leaving the S&P 500's winning streak in jeopardy. Benchmark Treasury yields wavered. The benchmark index's last nine-day winning streak was in 2004. Treasury yields edged up. The yield on the 10-year Treasury ticked upward to 4.531%.

Persons: Eli Lilley, Jerome Powell Organizations: Disney, Benchmark, Treasury, Federal Locations: U.S, China

For the international bankers, executives and officials who had gathered in the Saudi capital, Riyadh, to make deals, the war raging in Gaza and Israel felt like a distant backdrop. Instead, when speakers took the stage, they praised Prince Mohammed bin Salman’s plan to remake Saudi Arabia and focused on the future: artificial intelligence, longevity science, renewable energy. Israel has laid siege to the Gaza Strip and unleashed a fierce bombardment. That has prompted protests across the region, reinvigorating vocal Arab support for the Palestinian cause — including among many Saudi citizens. Yet Saudi officials have made it clear that they are determined to prevent all of that from casting a pall over Prince Mohammed’s plans for the kingdom, which include reshaping the economy to reduce dependence on oil and turning the country into a global hub for business and tourism.

Persons: —, Prince Mohammed bin Salman’s, ”, Yasir al, Prince Mohammed’s Organizations: Future Investment, Hamas, Gaza, Saudi Locations: Saudi, Riyadh, Gaza, Israel, Saudi Arabia, East

☆ ‘Killers of the Flower Moon’ Review: An Unsettling Masterpiece
▼ + stars: | 2023-10-19 | by ( Manohla Dargis | More About Manohla Dargis | ) www.nytimes.com time to read: +2 min

There’s a scene in Martin Scorsese’s “Killers of the Flower Moon” when the screen fills with men toiling in what looks like a lake of fire. Inky silhouettes in a red-orange void, they look like Boschian imps, but these are ordinary men in a hell of human making. This may seem like strange territory for Scorsese, with his New York wiseguys and street corners. Throughout, Scorsese has also reminded you that there are many ways to tell stories, including about evil. Some were shot, others were blown up, while still others died from an enigmatic wasting illness, though were likely poisoned.

Persons: Martin Scorsese’s, It’s, Scorsese, —, Christ ”, ”, Eric Roth, Ernest Burkhart, Leonardo DiCaprio, Ernest Locations: York, Roman, Tibet, “, Hollywood, Oklahoma, United States, Fairfax, Okla

The world has changed since Biden visited a familiar place to talk up familiar topics, though. Other domestic matters also are competing for political attention, with the fight over choosing the next Republican House speaker potentially imperiling continued U.S. aid to Ukraine and a United Auto Workers strike entering its fifth week. Biden's reelection campaign has joined the White House in stressing that being president always means juggling multiple pressing concerns. Whatever the message, the president can help himself politically Friday just by staying focused on Pennsylvania, said longtime Democratic strategist Robert Shrum. He returned to Philadelphia in July, visiting a shipyard where he talked up how organized labor would lead a major push toward embracing green energy.

Persons: Joe Biden, he'll, Biden, Hunter, ” Cathal Nolan, Nolan, Donald Trump, Kamala Harris, you’ve, ”, Joel Rubin, Bernie Sanders, Benjamin Netanyahu, “, ” Biden, Rubin, Biden's, Karine Jean, Pierre said, Biden “, Israel ”, Jean, Robert Shrum, ” Shrum, he's, Mustafa Rashed Organizations: WASHINGTON, Biden, Hamas, Republican, United Auto Workers, Institute, Boston University, Obama, State Department, Israeli, Islamic, J, White, Associated Press, NORC, for Public Affairs Research, Democratic, ALF, Labor Locations: Pennsylvania, Philadelphia, Israel, Gaza, Ukraine, America, Colorado, U.S, Washington, Maryland, Georgia, Arizona, Wisconsin, Michigan, Scranton , Pennsylvania

☆ Fenway Farms: On the roof of an iconic sports venue, this urban farm in Boston can grow 6,000 pounds of produce a year
▼ + stars: | 2023-10-10 | by ( Samantha Bresnahan | ) edition.cnn.com time to read: +10 min

Boston, Massachusetts CNN —Though home to the Boston Red Sox, Fenway Park is known for being green. Spanning a section of what was once an empty black rubber roof, a farm is making Fenway green in a completely different way. “We can produce anywhere from 4,000 to 6,000 pounds of fresh produce a year, depending on what we’re growing,” Grallert says. A little replica of Fenway Farms also opened at the Boston Children’s Museum last year. Green City estimates roughly 500,000 children and adults encounter Fenway Farms every year.

Persons: Boston , Massachusetts CNN —, Benjamin Moore, ”, Chris Grallert, ” Grallert, Bob Crowley, Grallert, Chef Ron Abell, Abell, he’s, lettuces, Danielle Morgan, Samantha Bresnahan, ” Abell, they’ve, Abell’s, Nature’s, we’ve, ” Read, Haley Bergeron, John Cumberland, “ Organizations: CNN, Boston , Massachusetts CNN, Boston Red Sox, Fenway, Green City Growers, Red Sox, Fenway Park, Green City, Major League, Sox, Coors, Oracle, Boston, Boston Children’s Locations: Boston , Massachusetts, Green, Fenway, Boston, reinvigorating, Massachusetts, Colorado, San Diego, San Francisco

Making mistakes doesn't feel great, but they can provide some lessons you might not have learned otherwise. We asked this year's rising stars of Wall Street to open up about the biggest missteps of their careers so far and what they took away from them. Some shared their rookie errors — like slamming their laptop shut after forgetting to save their first big pitch deck or duplicating a trade — while others gave more reflective answers about how early career mistakes impacted their paths. We've got to iterate and change how we do things, and I think that's helped our team's process a lot. So my mistakes also brought me here, and everything that has been a mistake is always a learning experience.

Persons: there's, Luis Arteaga, David Trinh, you'll, Michael Dunn Goekjian, Tori Gilliland, didn't, It's, Andrew Almeida, Thoma Bravo I've, I've, Nadim Laiwala, Rachel Hunter, Goldman, Kristen Powers, Morgan Stanley, Sarah Sigfusson, Shanta Wu, Fred Michel, who's, Morgan, Neil Kamath, Rachel Barry, Chris Dell'Amore, We've, that's, Peter Gylfe, Ricky Mewani, Dominic Rizzo, Rowe Price, Lillian Qian Lin, of, Steve Schwarzman, Peter Peterson, Stephen Schwarzman, Blackstone, Patrick McGoldrick, Katya Brozyna, Michael Wilkinson, Yi Yi, Wells, Luna McKeon, —, Anne, Victoire Auriault, Goldman Sachs Organizations: Barclays, Delta, Barclays Bridgewater Associates, Bridgewater Associates, Apollo Management, Thoma Bravo, Moelis, US, Bank of, Fidelity, JPMorgan, BlackRock Blackstone, Citadel, Blackstone, Jefferies, Citadel Securities, Blue Owl, Goldman Locations: Bank, Evercore, Wells, Americas

☆ Wall Street's typical career path might have a massive detour thanks to AI
▼ + stars: | 2023-09-25 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

As for today's edition, we're looking at how AI could upend the job of the junior banker, and the effect that'll have on Wall Street's traditional career path. AdvertisementAdvertisementAspiring financiers need to look no further than investment banks' analyst programs to get a foot in the door. But this crucial piece of Wall Street's ecosystem could be upended by the rise of artificial intelligence. AdvertisementAdvertisementBuy-side firms have largely held off on going after college graduates, instead pointing them toward banks' analyst programs. Regardless of what direction things go, what's clear is the type of work AI excels at falls directly in junior bankers' wheelhouse.

Persons: Insider's Bianca Chan, Emmalyse Brownstein, Alyssa Powell, Steve Cohen's, Cohen, millennials, Elon Musk, Mark Zuckerberg, Jeff Bezos, ChatGPT, Xavier Lalanne, It's, Saint, Givenchy, Donald Glover, Childish Gambino, Will Smith, Catherine Zeta, Jones, krisanapong detraphiphat, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Guild of America, Hollywood, Tech, LinkedIn, Meta, National, Costco, Lowe's, Tractor Supply, Brands, Getty Images Finance Locations: Wall, Silicon, Paris, New York City, San Diego, London, New York

Paris CNN —King Charles and Queen Camilla have just wrapped up their long-awaited state visit to France, spending their final day in the southwest of the country. The royal trip to France has been seen by many as a continuation of the two neighbors' efforts to reset relations in a post-Brexit world. French President Emmanuel Macron rolled out the red carpet for King Charles III. Another element that looks likely to become a staple of state visits from King Charles is the focus on green issues. Throughout the trip, French news broadcasters went into daily special programming, with their commentators dissecting every move in their hours-long coverage.

Persons: Paris CNN — King Charles, Queen Camilla, Charles, Camilla, Daniel Leal, It’s, Queen, Emmanuel Macron, Charles ’, King Charles III, Christian Liewig, Russia’s, Ian Vogler, King Charles, Samir Hussein Organizations: CNN’s Royal, Paris CNN, Royal Navy, Getty, Paris, Palais du, Berlin’s Bundestag, French Locations: Paris, France, Bordeaux, Britain, Germany, British, Triomphe, Palais, Palais du Luxembourg, –, France's, AFP

Deaths have outpaced births in Japan for more than a decade, posing a growing problem for leaders of the world’s third-largest economy. The country also has one of the highest life expectancies in the world, contributing to the ballooning elderly population. To some extent, that messaging has worked: there are now a record 9.12 million elderly workers in Japan, a number that has grown for 19 consecutive years. Workers age 65 and up now make up more than 13% of the national workforce, the internal affairs ministry said Monday. Japan’s elderly employment rate is among the highest across major economies, it added.

Persons: Fumio Organizations: Tokyo CNN, Ministry of Internal Affairs and Communications, Workers Locations: Japan, China, South Korea, Singapore, Taiwan

The lower-ranking Federal Court in 2021 found Qantas broke the law by outsourcing the ground handling jobs, but the airline appealed the ruling in the High Court which upheld the decision on Thursday. The matter now returns to the Federal Court which will decide penalties and compensation for affected employees. "These workers have been put through hell," said Michael Kaine, secretary of the Transport Workers Union (TWU) which brought the lawsuit. Qantas said in a statement that it accepted the High Court decision and noted the Federal Court had already ruled out forcing the company to reinstate the workers. It said it had already made an unspecified provision in its accounts for penalties and compensation for affected employees after the Federal Court decision.

Persons: David Gray, Michael Kaine, Kaine, Byron Kaye, Roushni Nair, Subhranshu Sahu, Jamie Freed Organizations: Qantas Airways Airbus, Sydney Airport, REUTERS, Rights, Qantas Airways, Australia, Qantas, Qatar Airways, Federal, Transport Workers Union, Thomson Locations: Australia, Sydney, Bengaluru

☆ Startup investors are fueling a boom in U.S. defense tech as China standoff opens doors at home
▼ + stars: | 2023-09-07 | by ( Lauren Feiner | ) www.cnbc.com time to read: +11 min

Louie added that he doesn't "know of a single major fund out there that isn't thinking about disruptive tech investing in the U.S., investing in defense tech, investing in microelectronics and AI in the next generation and next iteration." Stephen McCarthy | Sportsfile | Getty ImagesVC funding in aerospace and defense tech has shot up in recent years, according to data compiled by PitchBook for CNBC. The poster child for U.S.-focused defense tech is Anduril Industries, co-founded in 2017 by Oculus Rift designer Palmer Luckey. They can just look at the untapped potential in defense tech. "The government's becoming a better customer," said Shah, who previously served as managing partner of the Defense Department's Defense Innovation Unit, which seeks to accelerate the use of emerging technologies.

Persons: Hadrian, Chris Power Hadrian, Joe Biden, Gilman Louie, Alsop, Louie Partners, He's, Louie, Biden, Lindsay Gorman, she's, Gorman, Chris Power, Power, Hadrian's, Peter Thiel's, Palmer Luckey, Stephen McCarthy, Sportsfile, Anduril, Richard Jenkins, Bilal Zuberi, Lux, Zuberi, Jenkins, Saildrone didn't, Paul Kwan, Catalyst, What's, Kwan, Kyle Harrison, Saul Loeb, Raj Shah, Josh Wolfe, There's, Shah, Wolfe Organizations: Chris Power Hadrian Automation, America's Frontier, U.S, Marshall Fund's Alliance, Securing Democracy, Lux Capital, Fund, Andutil Industries, Enercare Center, Getty, PitchBook, CNBC, Industries, Oculus, Blue Force Technologies, Oceanic, Atmospheric Administration, Navy, Coast Guard, Google, Intel, AFP, Shield, Lux, Defense Department's Defense Innovation Unit, Power, YouTube, China Locations: China, U.S, America, Torrance , California, Los Angeles, Toronto, Canada, Ukraine, New Albany , Ohio, Silicon

☆ Growing global nuclear tensions calls for reinvigorating the Rarotonga treaty, says Cook Islands' PM
▼ + stars: | 2023-09-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGrowing global nuclear tensions calls for reinvigorating the Rarotonga treaty, says Cook Islands' PMMark Brown, prime minister of the Cook Islands, says it is important that Pacific countries have a voice and are heard in calling for nuclear-powered nations to deescalate potential conflict.

Persons: Mark Brown Locations: Rarotonga, Cook

Search resuls for: "reinvigorating"

25 mentions found