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☆ Small plane loses power, skims suburban rooftops before making crash landing on belly
▼ + stars: | 2024-05-27 | by ( Kathleen Magramo | ) edition.cnn.com time to read: +1 min

CNN —A pilot and passenger emerged unscathed from a light plane that made a dramatic crash landing in Australia after flying perilously close to houses in suburban Sydney. “It was gliding, there was no power,” pilot Jake Swanepoel told Nine News. Ground staff dashed to assist them, but Swanepoel and his partner Karin climbed out of the aircraft unscathed. “We didn’t think we were going to make this landing strip here,” Karin told Nine News. The Australian Transport Safety Bureau told CNN that it is gathering further information about the landing before deciding whether to launch an investigation.

Persons: Jake Swanepoel, Swanepoel, Karin, ” Karin, who’s, ” Organizations: CNN, Cessna, Nine, Nine News, Bankstown Airport, Australian Transport Safety Bureau, . Nine Locations: Australia, Sydney, Sydney’s, “, Sydney's

☆ Employees are leading employers in the AI adoption cycle, says LinkedIn's Karin Kimbrough
▼ + stars: | 2024-05-10 | 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 EmailEmployees are leading employers in the AI adoption cycle, says LinkedIn's Karin KimbroughKarin Kimbrough, LinkedIn chief economist, joins 'Squawk Box' to discuss results from the Microsoft and LinkedIn work trend index report showing the doubling in generative AI usage at work in the last six months, why employers would rather hire a less experienced candidate with AI skills than a more experienced one who lacks them, impact of AI on the future of work, and more.

Persons: LinkedIn's Karin Kimbrough Karin Kimbrough Organizations: Employees, LinkedIn, Microsoft

☆ UBS makes first profit since Credit Suisse rescue
▼ + stars: | 2024-05-07 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

London CNN —UBS has reported its first quarterly profit since buying ailing rival Credit Suisse, marking a sharp turnaround from six months of losses that immediately followed the closure of the rescue deal. It also realized cost savings of $1 billion, adding to cost cuts of some $4 billion last year. On Tuesday, Ermotti said UBS was “on track” to achieve “significant integration milestones” this year, including the merger of the two banks’ operations in Switzerland in the third quarter. UBS has raised serious concerns about the proposals and on Tuesday Ermotti reiterated the bank’s view that it wasn’t lack of capital that left Credit Suisse needing to be rescued. He said UBS was already adding almost $20 billion to its capital buffers as a result of the takeover of Credit Suisse, in part because of the bank’s increased market share and balance sheet size.

Persons: Sergio Ermotti, Johann Scholtz, ”, Ermotti, Karin Keller, Suter Organizations: London CNN, UBS, Credit Suisse, Morningstar, Credit, bank’s Locations: Swiss, Zurich, Switzerland

☆ Israel could win Eurovision. That would cause major headaches for the song contest’s organizers
▼ + stars: | 2024-05-07 | by ( Rob Picheta | ) edition.cnn.com time to read: +13 min

But this year, “the presence of Israel has become such a big issue (that) I think it’s going to overshadow the event,” he said. And they are leading perhaps the tensest three minutes in the contest’s history, when Israel’s competitor, Eden Golan, performs live. It doesn’t make sense,” Bambie Thug, Ireland’s participant, told CNN of extensive rules restricting any form of pro-Palestinian statement during the event. Ireland's Bambie Thug told CNN they disagreed with Israel's involvement in the competition. Long-standing rules preventing flags of non-competing countries and territories mean that Palestinian flags are banned from the crowd, which Bambie Thug told CNN they “100%” disagreed with.

Persons: Eden Golan, Benjamin Netanyahu, Golan, ”, Jessica Gow, ” Paul Jordan, Weeks, Johan Nilsson, Israel, Noel Curran, KAN, Bambie Thug, Patricia J, Garcinuno, ” Curran, “, Fredrik Persson, –, ” Jordan, SuRie, Karin Karlsson, Karlsson, ” Elina Pahnke, Saturday’s, Mohammad Ghannam, ” Lara Yosef, ” Yosef, ” Bambie Thug, Alyona Alyona Organizations: CNN, Music, Malmo, Eurovision, European Broadcasting Union, EBU, Getty, TT, Agency, Reuters, Israel, RAI, United, AFP, Malmo Arena, Artists, Aftonbladet, Israel’s National Security Council Locations: Swedish, Malmo, Israel, Gaza, Israel's, AFP, Ukraine, United Kingdom, Azerbaijan, Russia, Stockholm, Sweden's, seeping, Sweden’s Palestinian, Denmark, Norway, Sweden, “

☆ Eurovision braces for its most tense contest yet, as protesters and artists bristle at Israel’s presence
▼ + stars: | 2024-05-06 | by ( Rob Picheta | ) edition.cnn.com time to read: +10 min

The competition – which tries desperately to retain its “apolitical” tag – has become the largest cultural event so far to be rocked by the repercussions of Israel’s war in Gaza. Those protesting or boycotting the song contest claim it is “artwashing” the conflict; others defend Israel’s inclusion, insisting the contest should not be dragged into geopolitics. It doesn’t make sense,” Bambie Thug, Ireland’s participant, told CNN of extensive rules restricting any form of pro-Palestinian statement during the event. Ireland's Bambie Thug told CNN they disagreed with Israel's involvement in the competition. Long-standing rules preventing flags of non-competing countries and territories mean that Palestinian flags are banned from the crowd, which Bambie Thug told CNN they “100%” disagreed with.

Persons: ” Paul Jordan, ”, Weeks, Eden Golan, ” Jordan, “, Carlos Garcia Rawlins, Bambie Thug, Patricia J, Garcinuno, Noel Curran, KAN, ” Curran, Golan, Fredrik Persson, –, SuRie, Karin Karlsson, Karlsson, ” Elina Pahnke, Johan Nilsson, Saturday’s, Mohammad Ghannam, ” Lara Yosef, ” Yosef, ” Bambie Thug, Alyona Alyona Organizations: CNN, Music, Malmo, Eurovision, European Broadcasting Union, EBU, TT, Agency, AFP, Getty, Malmo Arena, Artists, Aftonbladet, Israel’s National Security Council Locations: Swedish, Gaza, Israel, Malmo, Azerbaijan, Russia, Ukraine, Stockholm, Sweden's, seeping, Sweden’s Palestinian, Denmark, Norway, Sweden, “

☆ Switzerland says UBS may need more cash. The bank is fuming
▼ + stars: | 2024-04-24 | by ( Hanna Ziady | ) edition.cnn.com time to read: +4 min

Now, the giant Swiss lender is hitting back, saying its finances are robust and warning that the proposal could harm Switzerland’s standing as a global financial center. “There can be no regulatory solution for a broken business model,” he continued, referring to Credit Suisse. UBS bought its stricken rival last March in a government-orchestrated rescue aimed at preventing a global financial crisis. It was not too-low capital requirements that forced Credit Suisse into the historic weekend rescue,” he added. But that leaves the stock more vulnerable to declines as a result of “execution risk in the Credit Suisse integration,” suggested Citi analyst Andrew Coombs.

Persons: London CNN —, Colm Kelleher, “, ”, Kelleher, Pascal Mora, Karin Keller, Keller Sutter, Anke, Andrew Coombs, ” Kelleher, Sergio Ermotti’s, Ermotti Organizations: London CNN, Credit Suisse, UBS, Bloomberg, Getty, RBC Capital Markets, Citi, Reuters Locations: Swiss, Switzerland, Europe

☆ Watch CNBC's full interview with Swiss Finance Minister Karin Keller-Sutter
▼ + stars: | 2024-04-19 | 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 EmailWatch CNBC's full interview with Swiss Finance Minister Karin Keller-SutterKarin Keller-Sutter, the finance minister for Switzerland, discusses the "Too Big to Fail" measures recently introduced to regulate the Swiss financial system, and how they could be adopted by other jurisdictions worldwide.

Persons: Karin Keller, Sutter Karin Keller, Sutter Organizations: Swiss Locations: Switzerland, Swiss

☆ It's important to learn lessons from Credit Suisse crisis, Switzerland's finance minister says
▼ + stars: | 2024-04-18 | 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 EmailIt's important to learn lessons from Credit Suisse crisis, Switzerland's finance minister saysSwiss Finance Minister Karin Keller-Sutter says the country should learn lessons from Credit Suisse's failure and devise new legislation in an effort to prevent it happening again.

Persons: Karin Keller, Sutter Organizations: Credit Suisse, Swiss

This is “Modern Love.” Today, I’m talking to the most famous couples therapist in the world, Esther Perel. esther perelOK. “What Sleeping with Married Men Taught Me About Infidelity” by Karin Jones. [MUSIC PLAYING] “I’m not sure it’s possible to justify my liaison with married men, but what I learned from having them warrants discussion. anna martinWhen we come back, I talk to Esther about the harsh criticism this essay got and why Esther thinks Karin Jones deserves more credit. esther perelThe homewrecker is always a woman because the woman is the one who says yes, and therefore, if the woman hadn’t said yes, then he wouldn’t be able to do it.

Persons: anna martin, ” I’m Anna Martin, I’m, Esther Perel, ”, ” Esther, esther perel, anna martin Oh, Esther, I’d, it’s, you’ve, anna martin You’re, esther perel Yes, It’s, Karin Jones, ” esther perel, you’re, Karin Jones’s “, We’re, anna martin Wow, ” “, anna martin Esther, Karin, anna martin Oof, “ I’m, messaged, ’, couldn’t, we’ve, they’re, esther perel Ha, I’ve, anna martin Right, hadn’t, wouldn’t, anna martin Huh, there’s, doesn’t, anna martin So, anna martin We’ve, esther perel Hi, Anna Organizations: The New York Times, of Affairs Locations: “, Belgium, Flemish, Spanish, London, United States

☆ US government is changing how it asks about race and ethnicity and adding new category
▼ + stars: | 2024-03-28 | by ( Nicole Chavez | ) edition.cnn.com time to read: +4 min

CNN —The Office of Management and Budget on Thursday announced changes to how the federal government asks about people’s race and ethnicity, including in the US census. Under the previous standards, Hispanic or Latino ethnicity was measured in a question separate from the one on racial identity. “Thanks to the hard work of staff across dozens of federal agencies and input from thousands of members of the public, these updated standards will help create more useful, accurate, and up to date federal data on race and ethnicity. “The U.S. Census Bureau commends the scientific integrity and collaboration with our fellow federal statistical agencies and departments throughout this process. These efforts aim to improve federal race and ethnicity statistics and ensure data more accurately reflect the racial and ethnic diversity of the U.S. population,” the agency said.

Persons: ” Karin Orvis, “ We’ve, Maya Berry, Arturo Vargas, ” Vargas, Judy Chu, CAPAC, ” Chu, CNN’s Jennifer Agiesta Organizations: CNN, Management, Budget, OMB, Census Bureau, Arab American Institute, Black, AAI, National Association of Latino, Fund, Congressional Asian Pacific American Caucus, Pacific, Democratic Locations: Indian, Alaska, Eastern, America, “, California

Across much of America and especially in the normally chilly north, the country went through the winter months without, well, winter. The Lower 48 states averaged 37.6 degrees (3.1 degrees Celsius), which is 5.4 degrees (3 degrees Celsius) above average. But Iowa blew past its warmest February by 2 degrees, while parts of Minnesota were 20 degrees warmer than average for all of February, Gleason said. A strong ridge of high pressure kept the eastern United States warm and dry, while California kept getting hit with atmospheric rivers, she said. Winter weather expert Cohen, who is based outside of Boston, joked that the U.S. no longer has four seasons: "We have two seasons.

Persons: “, El Nino, ”, Jeff Masters, Masters, Karin Gleason, Gleason, Copernicus, Judah Cohen, Cohen, ” Cohen, Theresa Crimmins, weren’t, Crimmins, ” Crimmins, Patrick Whittle, ___ Read, Seth Borenstein Organizations: National Phenology Network, El, Climate, National Oceanic, Atmospheric Administration, National Centers for Environmental, Iowa, El Nino, Associated Press, Atmospheric Environmental Research, National Weather Service, Rutgers Snow Lab Locations: America, Colorado, New Jersey, Texas, Carolinas, U.S, Michigan, United States, Minnesota, Great, California, El, That's, Boston, Europe, Asia, Fort Kent, Maine, Portland , Maine, AP.org

☆ Are these the most beautiful coffee shops in the world?
▼ + stars: | 2024-02-17 | by ( David Tran | ) edition.cnn.com time to read: +12 min

The Budapest Café is one of many eye-catching businesses featured in “Designing Coffee: New Coffee Places and Branding,” a coffee table book — no pun intended — that puts the world’s most photogenic, eccentric cafés and roasters on display. Its "bright, playful design and color palette transform a former dental office into a bustling and vibrant bakery café," Kingston writes in "Designing Coffee." In an increasingly competitive coffee industry, coffee shop owners are putting thoughts into how their spaces are designed. Across its ambience and menu, the Genovese Coffee House in Sydney offers Australian consumers an "espresso" ticket to Mediterranean café culture. Anson Smart/Genovese Coffee House/Courtesy gestaltenElsewhere, Genovese Coffee House (pictured above) in Sydney, Australia drew inspiration from Italian coffee culture.

Persons: James Morgan, they’re, Wes Anderson, Lani Kingston, Kingston, Mikhail Loskutov, Yuh Nguyen, Luca Rinaldi, Jamie Yelo, Urbain, Jin Weiqi, Marco Pinarelli, Julius, Damir Otegen, Karin Pasterer, Hernan Taboada, Carlos Artalejo, Xavier Alexander, Alexander, ”, “, ” Alexander, ” Kingston, David Dworkind, ” “, ’ ”, Fritz, K Kim, Angela Wijaya, Fritz Coffee, Ben Hamilton, Anson Smart, “ It’s Organizations: Budapest Cafe, CNN, Portland State University, Melrose, Rupertinum, Salzburg's Museum of Modern Art, Kingston, Fritz Coffee Company, Coffee House, Genovese Coffee, Coffee Locations: Budapest, Chengdu, China, Odessa, Ukraine, Hanoi, Vietnam, Milan, Italy, Taipei, Taiwan, Montréal, Canada, Beijing, Ho Chi Minh City, Central Highlands, Kyiv, Ukraine's, Hong Kong, Forme, Beirut, Lebanon, Almaty, Kazakhstan, Salzburg, Austria, 220GRAD, Buenos Aires, Argentina, Caffettiera, Montreal, Asia, Seoul, South Korea, Belfast, Los Angeles, California, Sydney, Australia

☆ 3 signs the economy is thriving — and 3 red flags to monitor
▼ + stars: | 2024-02-15 | by ( Noah Sheidlower | Madison Hoff | ) www.businessinsider.com time to read: +10 min

Positive labor market data and GDP growth support this, but job opportunities in some sectors are down. Not all job data is positive, with job openings falling from their post-pandemic highs. Below are some of the signs the economy is thriving, as well as some warning signs. Labor market data is mostly positiveThe labor market is still stable despite gradually slowing, Kimbrough said during the forum. "I think the investment side of our economy is going to start to chip away a little bit at the discretionary consumption weight in our economy."

Persons: —, Marc Giannoni, LinkedIn's Karin Kimbrough, Charles Schwab's Liz Ann Sonders, Giannoni, Kimbrough, Jerome Powell, Powell, NerdWallet's Elizabeth Renter, Sonders, They're, there’s, there's, — Kimbrough, it’s Organizations: Federal, Service, Barclays, NYU Stern Economic, Labor, Conference, University of Michigan's, Market Committee, Health, New, New York City Housing Locations: York, New York City

☆ Man dies mid-flight after breaking out in 'cold sweats' and losing 'liters of blood,' scaring his fellow passengers
▼ + stars: | 2024-02-10 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +1 min

A 63-year-old man died on a Lufthansa flight on Thursday, according to Swiss-German outlet Blick. Witnesses told the outlet the man had blood gushing from his nose and mouth. AdvertisementA 63-year-old man died during a Lufthansa flight this week after losing "liters of blood' in a scene that terrified passengers. The unidentified man boarded a Lufthansa flight from Bangkok to Munich with his wife on Thursday, according to Swiss-German outlet Blick. Witnesses Martin and Karin Missfelder told Blick that they sat in the row diagonally behind the male passenger and his wife.

Persons: —, Witnesses Martin, Karin Missfelder, Blick Organizations: Lufthansa, Service, Business Locations: Swiss, Bangkok, Munich

☆ How 'quiet luxury' is subtly taking over investor portfolios
▼ + stars: | 2024-01-30 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +4 min

So what is "quiet luxury"? Quiet Luxury's outperformance over Loud Luxury in 2023. "Hence, in 2023, quiet luxury companies notably outperformed their loud peers by 23% points. According to DBS, a company fall under its categorization of "quiet luxury" if it's understated and focused on high quality, while maintaining exclusivity and scarcity. Loud luxury not in vogue

Persons: Karin Teigl, Kelly, Baum, Jeremy Moeller, Miu Miu, Brunello, Hou Wey Fook, Hermes, LVMH Moët Hennessy Louis Vuitton, Markus Hansen, Hansen, Goldman Sachs, — Organizations: Getty, DBS Bank, Financière Richemont, Swatch Group, DBS, Richemont, Swatch, CNBC, U.S Locations: VIENNA, AUSTRIA, Asia, South Korea, Japan, India

☆ Here’s why it may be harder to find a job online
▼ + stars: | 2024-01-20 | by ( Samantha Delouya | ) edition.cnn.com time to read: +4 min

But new online job posting data suggests a possible slowdown: Total job postings on online job site Indeed have fallen more than 15% compared to the start of 2023, according to data as of January 5 shared with CNN by Nick Bunker, Indeed’s economic research director for North America. Bunker said that new job postings, or those that have been on Indeed for 7 days or less, are down 13.5% year-over-year. A surplus of open roles for the past few years has made it easy for Americans to jump from job to job, gaining higher pay and perks like remote work in the process. “Software development job postings are down 44.6% from a year ago, while postings for banking and finance jobs are down 31.3%,” Bunker said. The percentage of US remote job postings on LinkedIn dropped over 9% from January 2022 to December 2023, even as interest in these jobs remains high.

Persons: Nick Bunker, Bunker, ” Bunker, LinkedIn’s, Karin Kimbrough, Kimbrough, ”, Wells, ” Wells, “ Organizations: Los Angeles CNN, CNN, North America, LinkedIn, Software, Labor, Google, Citigroup

☆ Tensions With Iran Add to Pakistan's Economic Challenges
▼ + stars: | 2024-01-18 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +3 min

Pakistan conducted strikes inside Iran, targeting separatist Baloch militants two days after Tehran said it had attacked the bases of another group within Pakistani territory. It is undergoing a tough $3 billion International Monetary Fund (IMF) bailout programme that pulled it from the brink of default last summer. Pakistan's international bonds fell after its foreign ministry said it conducted strikes inside Iran on Thursday, two days after Tehran attacked the bases of another group within Pakistani territory. Earlier in the day, Pakistan's benchmark share index fell 1.6% after Pakistan said it conducted strikes inside Iran, before recovering some ground. Pakistan's economic ties with Iran, while not huge, are important for Islamabad as it struggles to supply its western- most regions in Balochistan with critical commodities, including fuel and electricity.

Persons: Aneel Salman, Salman, Pakistan's, Hasnain Malik, Ariba Shahid, Karin Strohecker, Amanda Cooper, Bernadette Baum Organizations: Baloch, Monetary Fund, Liquified Petroleum Gas, Islamabad Policy Research Institute, Pipeline Locations: KARACHI, LONDON, Pakistan, Iran, Tehran, Tradeweb, Islamabad, Balochistan, Afghanistan, Russia, India, Karachi, London

GUATEMALA CITY (AP) — Guatemalan President-elect Bernardo Arévalo is scheduled to be sworn into office Sunday afternoon. But just like almost every day since his resounding Aug. 20 election victory, the inauguration will be tinged with doubts and tensions. The still-serving Attorney General, Consuelo Porras, has tried every legal trick in the book to put him on trial or in jail before he takes office. And Arévalo’s Seed Movement party will not have a majority in Congress, and may not even have formal recognition there. Under Porras, the country’s prosecutors and judges who led that effort have become targets, forcing dozens to flee the country or be arrested.

Persons: Bernardo Arévalo, Consuelo Porras, —, Arévalo, Porras, Karin Herrera, Brian A, Nichols Organizations: GUATEMALA CITY, —, Central, la Constitucion, Prosecutors, Arévalo’s, Constitutional, European Union, Organization of American, United Locations: GUATEMALA, — Guatemalan, Central American, United States, U.S

☆ Guatemala's Arevalo Due to Assume Presidency With Difficult Path Ahead
▼ + stars: | 2024-01-14 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +4 min

The attorney general has tried to strip Arevalo and his Vice President-elect Karin Herrera of legal immunity, suspend his Semilla party and annul the election. "Problems are not over for Arevalo," said Roberto Alejos, former Guatemalan Congressional and political analyst. Giammattei's conservative Vamos party and UNE, the party of former first lady Sandra Torres who Arevalo defeated in the election hold a combined greater power. The government of Arevalo and Herrera will have to carefully balance demands by the United States to stem migration amid record-high remittances that keep the local economy afloat. After winning the presidency, Arevalo said he will expand relations with China, which could imply a change in policy for Guatemala's diplomatic ties with Taiwan, a move that could anger the United States.

Persons: Bernardo Arevalo, Alejandro Giammattei, Arevalo's, Arevalo, Karin Herrera, Roberto Alejos, Sandra Torres, Ana Maria Mendez, Consuelo, Porras's, TAIWAN Arevalo, Juan Jose Arevalo, Herrera, Sofia Menchu, Diego Ore, Cassandra Garrison, Diane Craft Organizations: Sofia Menchu, Sofia Menchu GUATEMALA CITY, Arevalo, Guatemalan Congressional, Washington Office, American Affairs, TAIWAN, Central, Reuters Locations: Sofia, Sofia Menchu GUATEMALA, Guatemalan, Guatemala, Central America, Arevalo, United States, CHINA, China, Taiwan, Guatemala City

☆ Incoming Guatemala President Meets With Taiwanese Officials Ahead of Inauguration
▼ + stars: | 2024-01-13 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +1 min

GUATEMALA CITY (Reuters) - Guatemala's President-elect Bernardo Arevalo met with Taiwan's foreign minister to discuss strengthening commercial ties on Saturday, the Central American nation's incoming government said in a statement. Arevalo has said he aims to expand ties with China while maintaining diplomatic relations with Taiwan. The Central American country is one of only 13 nations that maintain diplomatic ties with Chinese-claimed Taiwan. Honduras in March ended its decades-long relationship with Taipei in favour of Beijing following the election in late 2021 of Xiomara Castro as president. Herrera met earlier with Wu and Taiwanese Ambassador Miguel Li-jey Tsao to discuss "possibilities of cooperation," according to an earlier statement.

Persons: Bernardo Arevalo, Arevalo, Karin Herrera, Xiomara Castro, Joseph Wu, Arevalo's, Herrera, Wu, Miguel Li, Tsao, Sofia Menchu, Cassandra Garrison, Marguerita Choy, Diane Craft Organizations: GUATEMALA CITY, Central American, The Central, Taiwan's Locations: GUATEMALA, China, Taiwan, Honduras, Taipei, Beijing

☆ UK and Switzerland sign post-Brexit financial services deal
▼ + stars: | 2023-12-21 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

The U.K. and Switzerland are deepening the ties between their financial services sectors with a new post-Brexit deal. Sopa Images | Lightrocket | Getty ImagesLONDON — The U.K. and Switzerland on Thursday signed a post-Brexit financial services deal designed to bring two of Europe's largest banking centers closer together. He added that the mutual recognition accord, dubbed the Bern Financial Services Agreement, would provide a "blueprint" for future deals with other countries. As such, financial services providers and insurers will be able to offer certain cross-border activities in both Switzerland and the U.K. Meanwhile, U.K. advisors will be permitted to "temporarily serve" wealthy clients locally in Switzerland without registering in the country.

Persons: Jeremy Hunt, Hunt, Karin Keller, Sutter Organizations: Getty, British, CNBC, European Union, Swiss, U.K, City Locations: Switzerland, Britain, Bern, City of London

☆ LinkedIn shelved planned move to Microsoft Azure, opting to keep physical data centers
▼ + stars: | 2023-12-14 | by ( Jordan Novet | ) www.cnbc.com time to read: +4 min

LinkedIn has set aside an effort to relocate its data center technology out of its physical facilities and into Microsoft's Azure cloud, according to people familiar with the matter. A LinkedIn spokesperson confirmed that the Microsoft subsidiary changed direction on Blueshift and said LinkedIn continues to use Azure. Under the leadership of Nadella, Microsoft has moved some of its acquired assets to Azure, including GitHub and Minecraft developer Mojang. More recently, Azure has gained attention because of Microsoft's investment in OpenAI, which uses Azure infrastructure for running the large language models powering ChatGPT and other products. Microsoft said in October that third-quarter revenue from Azure and other cloud services grew 29%, while LinkedIn revenue was up 8%.

Persons: Satya Nadella, Mohak Shroff, Raghu Hiremagalur, we've, Hiremagalur, Nadella, OpenAI, LinkedIn's Karin Kimbrough Organizations: Microsoft, LinkedIn, Amazon Web Services, CNBC, Nadella, Wired, OpenAI Locations: Blueshift, OpenAI

☆ US job openings hit a two-year low
▼ + stars: | 2023-12-05 | by ( Alicia Wallace | ) edition.cnn.com time to read: +4 min

That’s the lowest number job openings seen during a month since March 2021 and is further evidence of a cooling US labor market, according to the BLS’ October Job Openings and Labor Turnover Survey report. October’s tally is significantly lower than the record 12.03 million positions hit in March 2022, and the figure is approaching the roughly 7 million openings seen pre-pandemic. After two consecutive months of JOLTS surprising to the upside, the latest job openings total came in well under expectations. Economists’ forecasts called for the October postings to hit 9.3 million, according to Refinitiv consensus estimates. Employers, employees more cautiousThe Federal Reserve has been hoping to see more slack in the labor market to help in the central bank’s fight to bring down inflation.

Persons: ” Karin Kimbrough, “, ” Kimbrough, “ They’ve, Tuesday’s, Kimbrough, ”, “ They’re, Wells, Sarah House, Michael Pugliese Organizations: Minneapolis CNN —, Bureau of Labor Statistics, BLS, Labor, CNN, Federal Reserve, Employees, “ Locations: Minneapolis

Its 2022 annual report, filed on January 19, said the deal desk should review any deals greater than $500,000. SUSE sales growth was slowing at the time. Reuters could not determine if the deal was vetted by the deal desk nor how many deals have been going through the unit. SUSE and Reuters parent company, Thomson Reuters, are involved in litigation over the use of SUSE software products. SUSE claims that Thomson Reuters breached the terms that allegedly governed its use of SUSE software products.

Persons: SUSE, Reuters wasn't, EQT, Melissa Di Donato, Di Donato greenlighted, Di Donato, Eskom, BNY, BNY Mellon, Di, Christian Strenger, Di Donato's, Thomson, Karin Strohecker, Stefania Spezzati, Emma, Victoria Farr, Elisa Martinuzzi, Daniel Flynn Organizations: Microsoft, BMW, Sales, Reuters, Bank of New York Mellon, BNY Mellon, BNY, Corporate Governance Institute, Frankfurt School of Finance & Management, Thomson Reuters, Thomson Locations: Frankfurt

Helping these countries, which face some of the biggest risks from climate change, access these will be a key aim during the COP28 climate talks underway in Dubai. Ambitions for results at COP28 got off to a good start on the opening day on Thursday when countries approved plans for the climate disaster fund, after months of negotiations. About 60% of low-income countries are either in or at high risk of debt distress, the CDP said. The Central Asia Regional Economic Cooperation Program, for example, aims to agree a disaster relief bond issuance and a regional risk transfer facility, the ADB's Principal Disaster Risk Insurance and Finance Specialist, Thomas Kessler, told Reuters. "We are ready to scale up climate protection through early warning systems, anticipatory cash, climate insurance and community-based resilience projects," said Gernot Laganda, director of Climate and Disaster Risk Reduction at the United Nations World Food Programme.

Persons: COP28, Ekhosuehi Iyahen, IDF's Iyahen, Michèle Plichta, Lydia Poole, Odile Renaud, Basso, Thomas Kessler, Otis, Gernot Laganda, Alessandro Parodi, Simon Jessop, Libby George, Karin Strohecker, Susan Fenton Organizations: Insurance, Forum, PAF, Disaster, European Bank for Reconstruction, Global, Swiss, Central Asia Regional Economic Cooperation, Finance, Reuters, UN, University of Cambridge's Institute for Sustainability Leadership, United Nations, Food, Thomson Locations: GDANSK, LONDON, Dubai, London, Mexico

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