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AdvertisementAfter Russia invaded Ukraine in February 2022, over 1,000 foreign companies announced they would exit Russia in protest against the war. "More foreign companies remain in Russia than those who left the country," Dmitry Peskov, a spokesperson for the Kremlin, told Business Insider in late October. 1: Data from Yale UniversityYale University runs an ongoing study that examines which foreign companies have left Russia since the war began. Here are their results as of November 21:KSE's data shows that most foreign companies have not left Russia. Russia is making it difficult for foreign companies to exitMany companies still operating in Russia are also stuck in the process of exiting the market.
Persons: KSE, , it's, haven't, Dmitry Peskov, Steven Tian, Tian, Agathe Demarais, Igor Lipsits Organizations: Kremlin, Yale, Service, BI, Yale University Yale University, Kyiv School of, Kyiv School of Economics, University of St, Yale's, Leadership Institute, BP, Benetton, Unilever, Nestlé, European Council, Foreign Relations, Financial Times Locations: Russia, Ukraine, Gallen, Switzerland, Ukrainian, Russian
Future Publishing | Future Publishing | Getty ImagesMin Li doesn't go to the mall often. The name of the game for Chinese youth in 2024 is trading down. Anything not in the basement floors is considered to be "in heaven," signaling it's out of reach. Citizens shopping for Mid-Autumn Festival gifts at a shopping mall in Yantai, East China's Shandong province, Sept 25, 2023. (Photo credit should read CFOTO/Future Publishing via Getty Images) Future Publishing | Future Publishing | Getty Images"The name of the game for Chinese youth in 2024 is trading down.
Persons: Min Li doesn't, Gucci, Chanel, Louis Vuitton, She's, Shaun Rein, Rein, Jia Miao, Jia, Chung Chi, Miao Organizations: Future Publishing, Getty, Apple, China Market Research Group, Starbucks, China Market Research, Weibo, Citizens, Publishing, New York University Shanghai, MyCOS Research, NYU Shanghai, Hong Kong Polytechnic University, McKinsey, China's, China News Service Locations: Yantai, East China's Shandong province, Weibo, East China's Shandong, Covid, NYU Shanghai China, Shanghai, Guangzhou
UConn star Azzi Fudd has long looked up to Steph Curry and now has an NIL deal with his brand, SC30. She attended Curry's camp during high school, even though it's usually reserved for men's recruits. AdvertisementAs the top-ranked player in her recruiting class, Azzi Fudd earned invitations to nearly every camp available to high school women's basketball stars. AdvertisementFudd knows that, at least to some extent, things are moving in the right direction for women's basketball players and for women's sports at large. "I definitely have seen a shift in the attention that women's basketball is getting and also the language used towards it," Fudd said.
Persons: Azzi Fudd, Steph Curry, Fudd, , Stephen Curry, Troy Wayrynen, Stanford Cardinal, Cameron Brink, Armour, Green, David Butler II, Curry, Camp Curry Organizations: UConn, Service, Golden State Warriors, UConn Huskies, Stanford, Washington DC, NBA, G, Houston Rockets Locations: Oakland, Washington
A six-floor duplex home in San Francisco had its price slashed by $10 million in just three years. It was bought for $20 million in 2020, but then sold for only half that value in November. Home values in San Francisco have been sinking in the last year after reaching a peak in April 2022. AdvertisementA 10,000-square-foot duplex apartment in San Francisco was just sold for only half of its $20 million value from three years ago, as the city's housing market suffers a recent slump. Home prices have been slashed across the US over the last year, but San Francisco is often a poster child for the decline because property there is notoriously expensive.
Persons: , Rohin Dhar, Leslie Stretch, Zillow, Business Insider's James Faris Organizations: Service, Bay, Business Locations: San Francisco, Calcutta, Francisco
Bill Ackman has had it with the presidents of Harvard, MIT and UPenn. AdvertisementBill Ackman has called for the resignation of Harvard, MIT, and the University of Pennsylvania's presidents following their congressional hearing on antisemitism on Tuesday. Harvard and MIT presidents Claudine Gay and Sally Kornbluth replied similarly to Stefanik's question. Because of leaders like Presidents Gay, Magill and Kornbluth who believe genocide depends on the context," Ackman continued. Representatives for Ackman, Harvard, MIT, and the University of Pennsylvania did not immediately respond to requests for comment from Business Insider sent outside regular business hours.
Persons: Bill Ackman, Ackman, , eVlPCHMcVZ, Elise Stefanik, Liz Magill, Claudine Gay, Sally Kornbluth, Gay, Kornbluth, Stefanik, she'd, Magill, Israel Organizations: Harvard, MIT, Service, University of, University of Pennsylvania, Gay, Ivy League, Ackman, Business Insider Locations: Israel, @Harvard, Gaza
India's stock market hit a $4 trillion valuation for the first time on Tuesday, per Bloomberg. It's narrowing the gap with Hong Kong, the world's fourth-largest stock market. AdvertisementThe value of companies listed on India's stock exchanges hit $4 trillion for the first time on Tuesday – narrowing the gap with Hong Kong, Bloomberg reported. Hong Kong is the world's fourth-largest stock market, but is now worth less than $4.7 trillion following an 18% slide in the Hang Seng Index this year. The Indian market was worth less than $1.5 trillion in pandemic-affected 2020, according to Bloomberg, but has since made significant gains.
Persons: , Narendra Modi, Sanjeev, Sharekhan, Goldman Sachs Organizations: Bloomberg, Service, Reuters, IMF, Apple Locations: Hong Kong, India, China, Japan
Tuesday, a Palm Beach real estate broker testified on Trump's behalf that Mar-a-Lago is worth $1 billion. "If you have a dreamer, and a great American, I don't think that's a bad thing," the broker testified of his Palm Beach neighbor. "You have dozens and dozens of hand-carved cherubs" on the living room doors, Moens testified at one point. Former President Donald Trump's Mar-a-Lago resort in Palm Beach, Florida. The property is currently worth closer to $1.5 billion, Moens testified in the July deposition.
Persons: , Donald Trump's, Trump, Letitia James, Arthur Engoron, Lawrence Moens, Steve Wynn, Larry Ellison, Moens, James, , MAL, efferson,, artin, uther, roker, ines, ove y ou., ince, rees, J r., lew, orth, lon, ake Organizations: Mar, Trump, Service, New, New York, Palm Beach, ust, ives Locations: New York, York, Manhattan, Trump’s NY
The skyline of Shanghai’s financial and commercial hub. Photo: Wang Xiang/Associated PressChina’s mounting local government debt woes are putting pressure on the country’s credit ratings. Moody’s Investors Service lowered its outlook for China’s credit rating from stable to negative on Tuesday, warning that the financial stresses of some regional and local governments will require Beijing to provide support to them. That could weigh on China’s government finances at a time when its economy is slowing.
Persons: Wang Xiang Organizations: Associated Press, Moody’s, Service Locations: Beijing
Sen. Tommy Tuberville announced Tuesday he would end his hold on most military promotions under pressure from fellow Republicans 10 months into a standoff sparked by the Pentagon’s abortion policy. “I’m releasing everybody,” Tuberville said, adding that he still has a hold on some four-star generals. But senators on both sides of the aisle have grown agitated in recent months over his tactic, which they say threatens military readiness and unfairly punishes service members. Tuberville appeared to be eyeing a handful of face-saving off-ramps in recent days to justify the end to his protest. Gen. Pat Ryder said after Tuberville’s announcement that the Defense Department is “encouraged” by the news but will continue to urge Tuberville to lift all of the holds.
Persons: Sen, Tommy Tuberville, ” Tuberville, , servicewomen, Mitch McConnell, “ we’re, Tuberville, Chuck Schumer, , ” Schumer, discombobulation, Brig, Pat Ryder Organizations: Alabama Republican, GOP, Pentagon, Tuberville’s, Defense Department
The findings present a mixed picture of the vast services sector as an official survey last week showed the sector unexpectedly contracted for the first time since December last year, prompting calls for more stimulus measures. "Both services supply and demand expanded, as the market continued to heal," said Wang Zhe, economist at Caixin Insight Group. Analysts say the different survey sizes and composition of surveyed companies might explain the discrepancy between the Caixin and official PMI readings. Caixin/S&P's composite PMI, which includes both manufacturing and services activity, grew to 51.6 from 50.0 in October, marking the strongest reading since August. According to the Caixin services survey, employment fell for the first time since the start of 2023 as some firms maintained a cautious approach to hiring.
Persons: Wang Zhe, Wang, Louise Loo, spender, Loo, Ellen Zhang, Ryan Woo, Shri Navaratnam Organizations: P Global, Caixin Insight, PMI, Oxford, Thomson Locations: BEIJING, October's, China
Yellow Corp. trailers sit idle at a YRC shipping facility in North Reading, Massachusetts, U.S., August 16, 2023. REUTERS/Brian Snyder/File Photo Acquire Licensing RightsDec 5 (Reuters) - Trucking company XPO Inc (XPO.N) won a bid to buy 28 service centers of bankrupt Yellow Corp for $870 million in a closely watched auction of the nearly 100-year-old firm's assets. Yellow, formerly known as YRC, filed for Chapter 11 bankruptcy protection in August after blaming the International Brotherhood of Teamsters union for its demise. The U.S. Bankruptcy Court in Delaware will hold a hearing on Dec. 12 to approve the bids. Yellow's bankruptcy process was closely watched after its demise potentially saddled U.S. taxpayers with losses stemming from a government rescue.
Persons: Brian Snyder, XPO, Jonathan Chappell, XPO's, Aishwarya Jain, Pooja Desai, Krishna Chandra Organizations: Yellow Corp, REUTERS, Trucking, XPO Inc, International Brotherhood of Teamsters, Walmart, Evercore ISI, Estes Express Lines, Swift Transportation Holdings, U.S, Bankruptcy, Thomson Locations: North Reading , Massachusetts, U.S, North America, Delaware
They stacked their plates at the end of the meal, saying they know some waiters find it annoying. AdvertisementTwo servers ignited a debate about restaurant etiquette with a TikTok showing them stacking their plates at the end of their meal. Jorj Fuchs and her friend, who both work in food service, stacked their plates at a restaurant they were visiting, saying they know fellow servers find it annoying. "As a server, don't do it if u can't stack properly," one comment reads. "Love the plate stacking though."
Persons: , Jorj Fuchs, Fuchs, Gen Zs Organizations: Service
CNN: Why are high lead levels so dangerous, and why is it that children are most at risk for lead poisoning? This screening is essential, given the adverse outcomes of lead poisoning and because high lead levels are often asymptomatic. There are some therapies that exist for acute lead poisoning if a child has ingested a large quantity of lead-containing substances. A major source of lead exposure is through lead paint. Lead poisoning is a preventable tragedy, and we can all take steps to reduce its harm.
Persons: Biden, Leana Wen, Wen, laxatives Organizations: CNN, US Environmental Protection Agency, George Washington University Milken Institute School of Public Health, US Centers for Disease Control, CDC, US Food and Drug Administration Locations: United States
By Lewis JacksonSYDNEY (Reuters) - Australia Post will soon end daily letter deliveries as part of a series of postal reforms announced on Wednesday designed to modernise the government-owned postal service and help it turn a profit. Australia Post will also have an extra day to deliver regular mail. Australia Post delivered half a billion parcels last financial year, or roughly 20 per person. Losses in the letter business rose 50% to A$384 million. Australia Post has applied to the competition regulator to increase the basic letter postage rate to A$1.50 from A$1.20 from early near year.
Persons: Lewis Jackson SYDNEY, Paul Graham, eCommerce, Graham, Lewis Jackson, Jamie Freed Organizations: Australia Post, Australia Locations: Australia
Republican Sen. Tommy Tuberville announced an end to his hold on hundreds of military promotions. Republicans, Democrats, and military leaders alike have each said he's damaged military readiness. AdvertisementRepublican Sen. Tommy Tuberville announced on Tuesday that he'll lift his hold on promotions for the vast majority of the hundreds of service members. After months of service members getting blocked from receiving promotions, the secretaries of the Navy, Army, and Air Force each spoke out in September against Tuberville. AdvertisementAt the end of November, Tuberville signaled his willingness to end his block except for "woke" service members.
Persons: Sen, Tommy Tuberville, , Republican Sen, Tuberville, We've, Roe, Wade, he's, we've, Carlos Del Toro, Tuberville's, Chuck Schumer, it's Organizations: Pentagon, Republicans, Democrats, Service, Republican, Republicans aren't, Department of Defense, Navy, Army, Air Force, Tuberville, Tuberville's Republican Locations: Alabama
Despite high-profile losses, Russia's navy has been largely untouched by the war in Ukraine. Russian submarines, especially Yasen-class cruise-missile subs, are a top concern for NATO. A Russian defense industry source told state media outlet Tass in mid-2022 that Moscow was considering adding two more subs to the nine Yasen-class subs it had planned to build. AdvertisementYasen-class sub Severodvinsk during its launch ceremony at a shipyard in the city of Severodvinsk in June 2010. AdvertisementRussian Yasen-class sub Kazan at its home base in Severomorsk in June 2021.
Persons: , Sasha Mordovets, Glen VanHerck, Lev Fedoseyev, Ine Eriksen Søreide, Jim Mattis, Severodvinsk, Adm, Michael Studeman, LPhot Dan Rosenbaum, Ben Key, what's Organizations: NATO, Service, Tass, US Northern Command, Zircon, Getty, Naval Sea Systems Command, US, Pentagon, CBS News, Chatham, of Naval Intelligence, Russia's, British Royal Navy, US Navy, British navy's Locations: Ukraine, Russian, Russia, Moscow, Northern, Pacific, Severodvinsk, Europe, North America, Severomorsk, Washington DC, NATO, Soviet, Western
A US Air Force Osprey crashed off the coast of Japan on November 29, killing all eight Airmen aboard. It's the latest in a string of helicopter and tiltrotor crashes this year. Seven crashes around the world have so far killed at least 30 American service members and injured over 40 more. None of these incidents occurred during combat or were the result of enemy fire; almost all took place during some sort of training mission. August 27: MV-22B Osprey crashed in AustraliaAdvertisementA US Marine Corps Osprey crashed on Melville Island during a training exercise, killing three soldiers and injuring another 20.
Persons: , It's, — Darwin Organizations: US Air Force Osprey, Service, UH, Blackhawk, Tennessee National Guard, Tennessee Department of Military, Hawks, US Army, 101st Airborne Division, 11th Airborne, Pentagon, Marine Corps, Marines, Special Operations, Air Force, . Air Force Special, Command Locations: Japan, Alabama, Huntsville, Kentucky, Fort Campbell, Alaska, Healy, Syria, Command's, Australia, Melville, Israel, Yakushima
The new program includes a set markup for medication costs, a step toward drug pricing transparency. The retailer has been facing pressure from new models like Mark Cuban Cost Plus Drugs. They've been especially focused on pharmacy-benefit managers and the lack of transparency around how much drugs cost. How Mark Cuban changed drug pricingCuban's pharmacy buys drugs directly from manufacturers and sells them to consumers at a 15% markup, plus pharmacy fees. AdvertisementBut the announcement looks to be a step in the right direction for drug pricing transparency.
Persons: , Mark, Prem Shah, Mark Cuban, GoodRx, PBMs, Kroger, it's Organizations: CVS, Cuban, Plus, Service, Mark Cuban, Federal, US Federal Trade Commission, CVS Health, Kroger, Walgreens, Drug, Wall Street Locations: California
Jack Smith plans to use Trump's tweets, from as far back as 2012, in his 2020 election trial. The tweets show Trump's "plan of falsely blaming fraud for election results," a court filing alleges. AdvertisementWhen Trump launched his own campaign in the 2016 election, he repeatedly claimed that there would be widespread voter fraud. Prosecutors highlighted an October 2016 tweet — approximately two weeks before Election Day — in which Trump said, "there is large scale fraud happening on and before election day. The feds argue in the new filing that these tweets demonstrate Trump's "common plan of falsely blaming fraud for election results he does not like, as well as his motive, intent, and plan to obstruct the certification of the 2020 election results and illegitimately retain power."
Persons: Trump, Jack Smith, , Donald Trump, baselessly, Mitt, Romney, Barack, Obama, Tanya Chutkan, Chutkan Organizations: Twitter, Service, Trump, Prosecutors Locations: United States
The Ukrainian sniper team claiming the world's longest kill shot has described shooting a Russian soldier. "I was thinking that Russians would now know that is what Ukrainians are capable of," the sniper told the WSJ. "I was thinking that Russians would now know that is what Ukrainians are capable of," Kovalskiy told the news outlet in a report published Monday. A view from the viewfinder of a Ukrainian sniper rifle at a shooting range amid Russia and Ukraine war in Donetsk Oblast, Ukraine on August 09, 2023. AdvertisementBefore that shot, British army sniper Craig Harrison was believed to have held the record after killing a Taliban militant from 1.5 miles away.
Persons: Vyacheslav Kovalskiy, , Kovalskiy, that's, Ignacio Marin, Kovalskiy's, Craig Harrison Organizations: Ukrainian, Service, Wall Street, Security Service, US Marine Corps, Anadolu Agency, Getty, Street, Islamic Locations: Russian, Ukraine, Ukrainian, Kherson, Russia, Donetsk Oblast, Canadian
It looked at culture, hiring, pay and promotions to see how companies invest in their workers. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementCoca-Cola was just ranked as the best place to work for career growth in the American Opportunity Index 2023 report . AdvertisementCoca-Cola was ranked top overall, largely because of its hiring, pay, and culture scores. In the past, it has made Glassdoor's ranking of the top 10 companies with the happiest employees and was included in its best places to work list from 2012 through to 2022.
Persons: , Lisa Chang, Chang, Meta, Salesforce Organizations: American Opportunity, Meta, Costco, Service, American, Harvard Business School, Foundation, Glass Institute, Cola, PepsiCo, PNC Financial Services Group, Amazon, Microsoft, AOI Locations: Glassdoor, W.W, Grainger
Tesla faces a wave of strikes in Sweden, with unions calling for better pay and benefits. Elon Musk called the strikes, which have disrupted deliveries, "insane" in a post on X. Now they are spreading to Denmark, with Danish dockworkers also refusing to unload Tesla's EVs. AdvertisementTesla is embroiled in a growing battle with unions in Europe after the wave of strikes impacting the company in Sweden spread to Denmark. AdvertisementNine other Swedish unions have joined the strike in solidarity, with dockworkers refusing to unload Tesla's cars at ports and electricians refusing to repair the company's charging stations .
Persons: Tesla, Elon Musk, Danish dockworkers, , Jan Villadsen Organizations: Danish, Service, Reuters, Sweden's Transport Agency, Denmark aren't, United Auto Workers, UAW, Business Locations: Sweden, Denmark, Europe, Danish, Swedish, Sweden's
Waymo, Alphabet 's self-driving car unit, is having a relatively good couple of months – at least, compared to one of its key rivals: GM 's Cruise. When Cruise began offering fully autonomous rides in San Francisco in the winter of 2022, Waymo followed in the fall. Now, after a barrage of safety concerns and incidents with Cruise self-driving cars in recent months, the landscape looks starkly different. I have worked with pretty high-scale systems before Waymo, at Google and Ericsson, and this is a pretty staggering scale. [Note: Waymo recently shared that Waymo riders took more than 700,000 trips in autonomous vehicles in 2023.]
Persons: Cruise, Waymo, Saswat Panigrahi, you've, , Organizations: Google, Cruise, California Department of Motor Vehicles, GM, CNBC, Ericsson, Phoenix Locations: Phoenix, San Francisco, Austin, Buffalo , New York, California, U.S
Sen. Tommy Tuberville, R-Ala., arrives for President of Ukraine Volodymyr Zelenskyy's meeting with U.S. (Bill Clark/CQ-Roll Call, Inc via Getty Images)WASHINGTON — Sen. Tommy Tuberville, R-Ala., announced Tuesday that he is dropping the bulk of his monthslong hold on hundreds of military nominations. Tuberville told reporters that he has lifted his hold on all military promotions three-star and below, amounting to over 400 promotions. Tuberville told reporters. Tuberville had signaled last week that he might drop some of his holds on military promotions "very soon."
Persons: Sen, Tommy Tuberville, Ukraine Volodymyr Zelenskyy's, Bill Clark, WASHINGTON — Sen, Tuberville, Nikki Haley, Lloyd Austin, Chuck Schumer, John Thune Organizations: U.S, Senators, Inc, Getty Images, Alabama Republican, Defense, Pentagon, GOP, Tuberville's, Republicans Locations: Ukraine, Israel
LAS VEGAS (AP) — A planned high-speed rail line between Las Vegas and the Los Angeles area got a Biden administration pledge on Tuesday of $3 billion to help start laying track, Nevada elected officials said. But Rosen said electric-powered trains could be carrying passengers by the time Los Angeles hosts the Summer Olympics in 2028. “Connecting Las Vegas and Southern California by high-speed rail will create tens of thousands of good-paying union jobs, boost our Southern Nevada tourism economy, and finally help us cut down on I-15 traffic," Cortez Masto said Tuesday in a statement. Calls for a high-speed rail line whisking tourists through the Mojave Desert to Las Vegas date at least to 2001, said U.S. Rep. Dina Titus, a Democrat who represents the Las Vegas Strip. Other places where high-speed trains have been proposed include the 240 miles (386 kilometers) in Texas between Dallas and Houston, and a 500-mile (805-kilometer) system linking Los Angeles and San Francisco that has faced swelling costs, funding questions and other delays.
Persons: Sen, Jacky Rosen, Rosen, , ” Wes Edens, Joe Biden, Catherine Cortez Masto, Biden, Cortez Masto, Dina Titus Organizations: LAS VEGAS, Brightline, Angeles, Nevada -, U.S, Rep, Democrat, Las, Brightline Holdings Locations: Las Vegas, Los Angeles, Nevada, U.S, Florida, California, Victorville , California, San Bernardino County, Rancho Cucamonga, Nevada - California, Southern California, Southern Nevada, Florida's, Miami, Orlando, Texas, Dallas, Houston, San Francisco
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