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☆ Who is Jordan Bardella and what might his far-right party do in power?
▼ + stars: | 2024-07-04 | by ( Christian Edwards | ) edition.cnn.com time to read: +11 min

Handpicked as leader by National Rally (RN) doyenne Marine Le Pen in an effort to purge the far-right party of its racist and antisemitic roots, Bardella has taken it closer to the gates of power than ever before. Whether the RN forms a government and Bardella becomes prime minister after the July 7 runoff is not clear. So, who is Bardella, and what might his party do in power? Le Pen and Bardella address a crowd of RN supporters in Paris, after Macron called a snap election, June 9, 2024. When the prime minister and president belong to different parties – in a rare arrangement known as “cohabitation” – things can grind to a halt.

Persons: CNN — Jordan, –, Bardella, Emmanuel Macron’s, France’s, Denis, Le Pen, Le Pen’s, Louis Aliot, Le, Macron, Julien De Rosa, Freed, Jean, Marie Le Pen, Franco, Paris Anne Hidalgo, Luc Mélenchon, ” Bardella, Julien de Rosa, Gabriel Attal, ” Mujtaba Rahman, Mario Draghi, Giorgia Meloni, Benito Mussolini, Matteo Salvini, Vladimir Putin, Antonio Masiello, Hungary’s Viktor Orban –, Macron – Organizations: CNN, National Rally, National Assembly, Front, Sorbonne university, Getty, Macron’s Ensemble, Immigrants, Ministry of, Armed Forces, New Popular Front, EU, Eurasia Group, European Union Locations: Paris, France, Europe, Seine, Macron, AFP, Vichy, Spanish, Brussels, Italy, Ukraine, Kyiv, Russia

☆ Indian officials visit Foxconn iPhone plant, question executives about hiring, Reuters reports
▼ + stars: | 2024-07-04 | by ( ) www.cnbc.com time to read: +2 min

Indian labor officials visited a Foxconn factory in the country's south this week and questioned executives about the company's hiring practices, Reuters reported. Narasaiah said Foxconn told the labor officials the factory employs 41,281 people, including 33,360 women. He added that the labor inspectors interviewed 40 married women inside the plant, who raised no concerns about discrimination. Foxconn HR sources and third-party hiring agents cited family duties, pregnancy and higher absenteeism as reasons for not hiring married women. The reporting also found that Taiwan-based Foxconn relaxes the practice of not hiring married women during high-production periods.

Persons: Foxconn, Narendra Modi's, Narasaiah Organizations: Reuters, Apple, government's Regional, Labour Locations: Chennai, Tamil Nadu, Taiwan

☆ AI is amplifying social media disinformation — and making Big Tech civilly liable may be the key to stemming it
▼ + stars: | 2024-07-04 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +11 min

AI-generated so-called deepfakes are only exacerbating the problem and making it easier than ever to spread disinformation and misinformation via social media. Social media companies are protected from civil liability under a US lawSocial media has largely gone unregulated since its birth nearly three decades ago. So what's been the struggle for the government to address the issue of disinformation and misinformation on social media head-on? Related storiesMcQuade proposed amending Section 230 in order to hold social media companies accountable under certain circumstances. Major social media companies have their own misinformation policiesMany major social media companies, including Meta, TikTok and X, have their own policies when it comes to tackling misinformation and disinformation.

Persons: —, Barbara McQuade, McQuade, we've, what's, Gautaum Hans, Hans, there's, Donald Trump, Joe Biden, Biden, We've, abetted, Meta, Taylor Swift, Elon Musk Organizations: Service, United, Business, University of Michigan, US Department of Homeland Security, ABC News, Social, Communications, Big Tech, Cornell University, Republican, Democratic, US, Twitter, Google, Meta, Elon

☆ These are some of Dubai’s most expensive luxury hotel rooms
▼ + stars: | 2024-07-03 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +9 min

Atlantis, The Royal Atlantis, The Royal: The suites rooms are all connected via a mobile app, allowing guests to control their room's thermostat, lighting, and television remotely. Atlantis, The Royal Atlantis, The Royal: The triple-height library provides a secluded space to work, read or relax. Atlantis, The Royal Atlantis, The Royal: The entertainment room is kitted out with a 98-inch LED screen for a home cinema experience. Atlantis, The Royal Atlantis, The Royal: Every room has stunning views — including the marble-clad bathrooms. Atlantis, The Royal Atlantis, The Royal: Guests can enjoy designer amenities made by French fashion house Hermès, as well as bespoke gold toothbrushes, combs and brushes.

Persons: Masyaf, Dar Al Masyaf, Jumeirah Dar Al Masyaf, Villa, Abra, Lana, David, what’s, Jay Z, Louis Vuitton Organizations: CNN, Villa, Jumeirah Dar, Dar, cabanas, Atlantis, Imperial, Penthouse, Seasons Dubai, Four, Dubai, Suite, Jumeirah Burj, UAE dirhams, Royal Locations: Gold, Dubai, Dar Al, Jumeirah Dar Al, Arabian, Dorchester, Burj Khalifa, Jumeirah Burj Al, Arab

☆ Microsoft reaches settlement in California over claims it punished employees for taking protected time off
▼ + stars: | 2024-07-03 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Microsoft is paying $14.4 million to settle a case in California over allegations that the company retaliated against employees who had taken legally protected time off. Within core Microsoft, women represented 31.2% of the workforce in 2023, up from 27.6% in 2019, according to the company's latest diversity report. Employees have reported feeling worried about retaliation after asking for protected leave, according to the California complaint. As part of the settlement, Microsoft will provide training to direct and second-level managers of staff members in California and to human-resources employees who deal with their bonuses and merit increases. Managers will also be instructed not to consider time off for protected leave when making "impact" decisions.

Persons: Microsoft's, Microsoft didn't, Satya Nadella, Mustafa Suleyman Organizations: Microsoft, Mobile, California's Civil Rights Department, Employees Locations: Barcelona, California, Redmond , Washington

☆ Opinion: Public schools are not Sunday schools
▼ + stars: | 2024-07-03 | by ( Opinion Amanda Tyler | ) edition.cnn.com time to read: +6 min

CNN —It has been an especially active few weeks for news about religion in public schools. Public schools are not Sunday schools, and families should feel free to send their children to school without worrying about state officials interfering in their choices about religious instruction. These politically conservative state officials are seemingly making a show of testing the limits of government-sponsored religious instruction and exercise in public schools, emboldened by the US Supreme Court’s recent decisions. Like religious instruction in public schools, the public funding of religion undermines fundamental principles of religious freedom for all. By merging religious and political authority, taxpayer funding of religious schools threatens the rights of people of all faiths — and those of no faith.

Persons: Amanda Tyler, Jeff Landry, Ryan Walters, ” Amanda Tyler, Kennedy, Walters, beholden, ” Walters Organizations: Baptist, Religious Liberty, Christian Nationalism, CNN, Texas Education Agency, Louisiana Gov, US, Twitter, Oklahoma Supreme Court Locations: Louisiana, Oklahoma’s, Kennedy v, Bremerton, Kentucky, Texas , Louisiana, Oklahoma

☆ Former Boeing inspector alleges ‘scrap’ parts ended up on assembly lines
▼ + stars: | 2024-07-03 | by ( Gregory Wallace | ) edition.cnn.com time to read: +9 min

A string of whistleblowers this year has raised allegations about Boeing factory lapses, including an official federal complaint from a current employee that Boeing hid potentially defective parts from Federal Aviation Administration inspectors, and that some of those parts likely ended up in planes. Most of the parts that were meant to be scrapped were often painted red to signify they were unsuitable for assembly lines, Meyers said. In a statement to CNN, Boeing did not dispute Meyers’ allegations. Meyers describes a pressure-packed environment at the Everett factory, where assembly teams competed with each other to find the parts they needed. Workers assemble Boeing Co. 787 Dreamliner airplanes at the Boeing Everett Factory in Everett, Washington.

Persons: CNN —, Merle Meyers, Meyers ’, Meyers, “, ” Meyers, ”, Max, Dave Calhoun, Sam Mohawk, Richard Cuevas, Aerosystems, Patrick T, Pete Muntean Organizations: CNN, Boeing, Everett, Federal Aviation Administration, Company, New York Times, FAA, Justice Department, Occupational Safety, Health Administration, Engineering, Workers, Boeing Co, Boeing Everett Factory, Fallon, Bloomberg Locations: Everett , Washington, Auburn , Washington

☆ How thousands of Americans got caught in fintech’s false promise and lost access to bank accounts
▼ + stars: | 2024-07-02 | by ( Hugh Son | ) www.cnbc.com time to read: +10 min

Craft had her wages deposited directly into a Yotta account and used the startup's debit card to pay for all her expenses. CNBC reached out to fintech customers whose lives have been upended by the Synapse debacle. Instead of spending years and millions of dollars trying to acquire or become banks, startups got quick access to essential services they needed to offer. They account for 60% of all new fintech account openings, according to data provider Curinos. The FDIC's exact language about whether fintech customers are eligible for coverage: "The short answer is: it depends."

Persons: Natasha Craft, Craft, fintech, Adam Moelis, Sankaet Pathak, Michele Alt, Scott Sanborn, Sanborn, LendingClub, she's, Rick Davies, Taylor Stitch, " Davies, He's, he's, Davies, hasn't Organizations: FedEx, CNBC, Federal Deposit Insurance Corp, Synapse, Indiana FedEx, Disney, Bank, Trust, JPMorgan Chase, Klaros, PayPal, Getty, Financial Technology Association, D.C, Block, Regulators, Federal Reserve, FDIC, Oakland, San, OCC Locations: Mishawaka , Indiana, Craft, Oakland , California, New York City, Santa Barbara , California, Maryland, Bristol , Connecticut, Seattle, Tennessee, Yotta, Boston, Washington, fintechs, Silicon, San Francisco

☆ What the new IRS guidance on crypto tax reporting means for investors
▼ + stars: | 2024-07-01 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

The U.S. Department of the Treasury and IRS on Friday released final tax reporting rules for digital asset brokers — and crypto investors have limited time to prepare, experts say. Mandatory yearly reporting will phase in starting in 2026, with digital currency brokers required to cover gross proceeds from sales in 2025 via Form 1099-DA. In 2027, brokers must include cost basis, or purchase price, for certain digital asset sales for 2026. "These regulations are an important part of the larger effort on high-income individual tax compliance," IRS Commissioner Danny Werfel said in a statement. The new IRS regulations come roughly four months after the agency hired two former crypto executives to improve digital currency service, reporting, compliance and enforcement programs.

Persons: Danny Werfel, Everybody's, James Creech, Baker Tilly Organizations: U.S . Department of, Treasury, IRS, Finance, Taxation, CNBC Locations: U.S

☆ Crypto firm Circle gets approval to issue stablecoin in EU under bloc’s strict rules
▼ + stars: | 2024-07-01 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

In this article USDC.CM= Follow your favorite stocks CREATE FREE ACCOUNTLaunched in 2018 by crypto firm Circle, USDC is now the second-biggest stablecoin globally, with more than $30 billion worth of tokens in circulation. The company said it is also opening up its Circle Mint, which allows businesses to mint and redeem Circle stablecoins, in France. That's because according to MiCA, crypto businesses are able to offer their services in one EU country and "passport" them out into other markets within the bloc. After that point, crypto companies will have until July 2026 to become fully compliant with MiCA. Launched in September 2018 by Circle and crypto exchange Coinbase, USDC is now the second-biggest stablecoin globally, with $32.4 billion worth of tokens in circulation, according to CoinGecko data.

Persons: Circle, it's, Prudentiel, Jeremy Allaire, Allaire, cryptocurrencies, stablecoins, USDT Organizations: Getty, EMI, Union's, U.S ., Investors, European Union, Circle Locations: France, Crypto, U.S, European

☆ Move over, remote jobs. CEOs say borderless talent is the future of tech work
▼ + stars: | 2024-06-30 | by ( Rachel Curry | ) www.cnbc.com time to read: +6 min

Borderless tech hiring has doubled in the last three years, according to Gartner's 2023 CEO Survey. By 2022, the tech talent workforce in cities like Beijing and Delhi far outweighed that of U.S. powerhouses like San Francisco and New York, reports CBRE Global Tech Talent Guidebook 2024. The report cites burgeoning tech talent markets like Bucharest, Romania; Cape Town, South Africa; Cebu City, Philippines; Nairobi, Kenya and more. Pockets of talent worldwideAdam Jackson, CEO of decentralized tech talent platform Braintrust, does borderless differently. Caplan relishes in the more altruistic potential of borderless employment, namely its ability to "lift up communities around the globe."

Persons: Jeremy Johnson, Goldman Sachs, Johnson, John Caplan, Adam Jackson, Jackson, That's, synchronously, Caplan, Caplan relishes Organizations: CBRE Global Tech, Global, NASA, Deel's Locations: Beijing, Delhi, U.S, San Francisco and New York, Bucharest, Romania, Cape Town , South Africa, Cebu City, Philippines, Nairobi, Kenya, Braintrust, San Francisco, Silicon Valley, Europe, Africa, America

☆ Boeing will get a ‘sweetheart’ plea deal, says lawyer representing 737 Max crash victims
▼ + stars: | 2024-06-30 | by ( David Goldman | ) edition.cnn.com time to read: +3 min

They and some of the families they represent were briefed by the Justice Department Sunday about the plea deal. Bloomberg first reported the potential plea deal Sunday. Boeing will have by the end of the week to determine whether to accept the plea deal or go to trial. The deadline for the Justice Department to file criminal charges in the case is July 7. Cassell said the families were upset that the Justice Department deal excluded the prosecution of individuals at Boeing.

Persons: Max, ”, Robert Clifford, Boeing’s, Judge Reed O’Connor, ” Clifford, Paul Cassell, Cassell, ” Cassell Organizations: CNN, US Justice Department, Boeing, Ethiopian, Max, Justice Department Sunday, Cassell, Bloomberg, Department of Justice, Justice Department, Alaska Airlines

☆ Here’s what it means when a company like Boeing faces criminal charges
▼ + stars: | 2024-06-29 | by ( Chris Isidore | ) edition.cnn.com time to read: +10 min

While criminal charges against corporations are fairly common, the overwhelming majority are against small, closely-held companies. Earlier criminal settlement now at riskThe potential charges hanging over Boeing currently revolve around that January 2021 deferred prosecution agreement. They have argued Boeing should face new criminal charges and pay a fine as great as $24.9 billion. In May, the Justice Department said it was looking into bringing criminal charges against Boeing once again due to a potential violation of that January 2021 agreement. Arlen said it is common for smaller companies to be forced out of business by criminal charges and the penalties that follow.

Persons: ”, Jennifer Arlen, Arlen, Lindsey Wasson, ” Arlen, “, Max, David Burns, Mark Forkner, Eduardo Soteras, Arthur Andersen Organizations: New, New York CNN, Justice Department, Boeing, Dow Jones, New York University, Control, Max, Federal Aviation Administration, FAA, Alaska Airlines Flight, NTSB, Getty, Alaska Airlines, Prosecutors, CNN, Oil, BP, US Environmental Protection Agency, Ethiopian Airlines Locations: New York, China, Renton , Washington, Alaska, AFP

☆ AI is everywhere, and businesses don't know where to start. Here's what consultants are telling clients.
▼ + stars: | 2024-06-28 | by ( Lakshmi Varanasi | Tim Paradis | ) www.businessinsider.com time to read: +8 min

Some 900 of PwC's top 1,000 consulting clients are now working with the firm on incorporating AI into their businesses, a spokesperson told Business Insider. Even as some companies focus on how AI might rewrite corporate playbooks, some businesses are asking consultants how to get started. Advertisement"Many CIOs are afraid that they don't have the right skills," he told BI. Where to beginMany companies are still determining how they might use AI and GenAI, according to several consultants. This enables greater seamlessness down the line, and that is where the magic lies," he told BI.

Persons: —, Ben Ellencweig, Allison Bailey, Bailey, Greg Sward, They're, Jim Rowan, Rowan, Vlad Lukic, Roy Singh, Joe Atkinson, Atkinson, Deloitte's Rowan, Bain's Singh, PwC's Atkinson, he's, Singh Organizations: Service, Business, McKinsey & Company, Boston Consulting, KPMG US, Deloitte Consulting, Bain & Company, Companies, Carrefour, & $

☆ A California DA is 'disappointed' that doctor who drove a Tesla carrying his family off a cliff gets mental health diversion instead of a trial
▼ + stars: | 2024-06-27 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. A San Mateo County judge on June 20 granted Dharmesh Patel's request to participate in a mental health diversion program, which would allow him to avoid a trial on charges of attempted murder. AdvertisementThe ability to participate in diversion programs — for juveniles, veterans, or defendants struggling with mental health diagnoses or substance abuse struggles — is an increasingly popular alternative to jail sentences across the US. Wagstaffe told BI the charges against Patel have now been suspended and if he successfully completes the two years of the diversion program, the charges would be automatically dismissed. Under California law, defendants are ineligible for the diversion program if they have been charged with other offenses, including murder, involuntary manslaughter, and rape."

Persons: —, Tesla, Dharmesh, Steve Wagstaffe, Patel, Susan Jakubowski's, Jakubowski, Wagstaffe, Gavin Newsom Organizations: Service, Business, GPS, California Legislature Locations: California, Mateo County, San Mateo County, Northern California

But, not all AI startups are created equal. AdvertisementBusiness Insider surveyed nine VCs who invest in AI startups at firms like Bain Capital Ventures, Flybridge, and Sapphire Ventures. Startups building AI's "picks and shovels" are a better bet than yet another LLMStep aside, OpenAI and Anthropic. In contrast, unstructured data encompasses various formats such as text documents, images, audio files, emails, social media posts, and videos. Some AI investors say they're shying away from point solutions—think online payment processing or project management—in favor of full-stack solutions.

Persons: —, Harvey, Navin Chaddha, Chip Hazard, they're, Kahini Shah, there's, Rak Garg, Garg, Shah, Lauri Moore, Moore, Chaddha, Capital's Moore, she's Organizations: Service, Accel, Business, Bain Capital Ventures, Flybridge, Sapphire Ventures, Google, Meta, Mayfield Fund, Flybridge Capital Partners, Obvious, Investors, Obvious Ventures, Foundation, Dig Ventures Locations: Mayfield, Hazard, Flybridge

☆ E-commerce firm Shopee agreed to adjust its practices in Indonesia after watchdog says it violated competition law
▼ + stars: | 2024-06-26 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

(Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images)Shopee and its courier service Shopee Express agreed to adjust its current practices after admitting to breaching a competition rule in Indonesia, the country's watchdog said on Wednesday. "Shopee and Shopee Express admitted that they had violated Law no. KPPU said Shopee proposed adjustments to its current practices on June 20 which were approved by the commission council. "Shopee Indonesia attended a meeting with KPPU on 25 June to discuss points of the integrity pact that was shared by KPPU last week. Last month, KPPU revealed its preliminary investigation found that Shopee allegedly prioritized Shopee Express in every package delivery to consumers.

Persons: Rafael Henrique, Shopee, Persaingan Usaha, KPPU Organizations: Getty, Shopee, Shopee Express, KPPU, CNBC, Express Locations: BRAZIL, Indonesia, Shopee Indonesia, Republic of Indonesia

☆ NYC shuttered 80% of its Airbnbs in an attempt to make housing more affordable. All that's done so far is make hotels more expensive.
▼ + stars: | 2024-06-26 | by ( Eliza Relman | Dan Latu | ) www.businessinsider.com time to read: +8 min

Read previewLast September, New York City began enforcing its strict new regulations on short-term rentals. Since then, the number of legal short-term rentals listed on Airbnb and other platforms has plummeted. Impacts of the near-banLL18 was motivated by the city's housing affordability crisis, caused in large part by a severe housing shortage. Short-term rentals, including Airbnbs, can take homes that would otherwise be lived in full-time off the market, potentially exacerbating the housing shortage. But there's some evidence, including from Irvine, California, that restricting short-term rentals can reduce rents.

Persons: —, it's, Jamie Lane, Lane, hasn't, Klossner, LL18, Eric Adams, TIMOTHY A, CLARY, Scott Stringer, Airbnb, It's, Nathan Rotman Organizations: Service, Business, Mayor's, Criminal, Special, York City, Hotel, Former, Big Apple, New Locations: New York City, New, York, Irvine , California, New York

☆ Two Adidas employees out in China corruption probe
▼ + stars: | 2024-06-26 | by ( Juliana Liu | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Two employees have left Adidas as a result of an ongoing investigation by the German sportswear brand into allegations of corruption in China. Chinese state media outlet Economic View reported Wednesday that both former employees had worked in marketing for Adidas China. The allegations against Adidas executives were contained in an unsigned letter from people calling themselves employees of Adidas China. Greater China — a region that encompasses mainland China, Hong Kong and Taiwan — accounts for 15% of the company’s sales. In mainland China, Adidas is the second-largest international sportswear brand behind Nike (NKE).

Persons: ” Claudia Lange, “, ”, Jiemian, Lange, Yang Mi, Yi, Fred Organizations: Hong Kong CNN —, Adidas, “, Adidas China, CNN, Nike Locations: China, Hong Kong, Taiwan, Beijing

☆ Prewave, an Austrian startup that uses AI to help companies with supply chain risks, just raised $67 million using this 10-slide pitch deck
▼ + stars: | 2024-06-25 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +1 min

Prewave, an Austrian AI startup, raised $67 million in Series B funding to enhance supply chain monitoring. Founded in 2017, Prewave addresses supply chain risks, ESG compliance, and logistics for enterprises. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementPrewave, an Austrian startup that uses AI to help companies monitor supply chain risks, has raised $67 million in Series B funding. Founded in 2017, Prewave helps enterprise customers identify, monitor, and take action on a wide range of supply chain risks.

Persons: — Organizations: Hedosophia, Service, Business Locations: Austrian, Europe

☆ Fake Signatures and ‘Good-Faith Letters’ Fuel a Lucrative Campaign Haul
▼ + stars: | 2024-06-24 | by ( Jay Root | Bianca Pallaro | ) www.nytimes.com time to read: +1 min

When an unheralded candidate for the State Assembly submitted a six-figure request for matching funds under New York’s new public campaign finance system, it came with glaring red flags. Of nearly 300 contribution cards turned in by the candidate, Dao Yin, only nine had donors’ phone numbers or email addresses as required under the system’s guidelines. But in April, the board threw Mr. Yin a lifeline, allowing him to submit copies of “good-faith letters,” documenting his supposed attempt to obtain the missing information from the donors. The board soon sent him $162,800 in matching campaign funds, the eighth-highest amount awarded to a State Assembly candidate running this year. The board said no other state candidate has used the good-faith letters; neither Mr. Yin nor regulators provided any evidence that he had sent them to any of the donors in question.

Persons: Dao Yin, Yin’s, Yin Organizations: State Assembly, New, Campaign Finance Board, The New York Times, Assembly

☆ Prosecutors recommend DOJ file criminal charges against Boeing: report
▼ + stars: | 2024-06-24 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +1 min

US prosecutors recommended the DOJ file federal criminal charges against Boeing, Reuters reported. In May, officials found the company violated a 2021 settlement agreement related to two fatal crashes. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementUS prosecutors have recommended that the Justice Department file federal criminal charges against Boeing for violating the terms of a 2021 settlement related to two fatal crashes, Reuters reported, citing two sources familiar with the matter. In May, officials found that Boeing had violated the terms of a 2021 settlement related to two fatal crashes in 2018 and 2019.

Persons: — Organizations: Boeing, Reuters, DOJ, Service, Justice Department, Federal Aviation Administration, Business

☆ SIRO, One Za’abeel: Dubai’s ‘first fitness hotel’ is taking wellness tech to the next level
▼ + stars: | 2024-06-21 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +8 min

“The industry is evolving,” says Desmond Cawley, hotel manager at SIRO, One Za’abeel. This kind of light therapy treatment has its roots in NASA’s experimentation with red light therapy in the 1990s to boost plant growth in space and help heal wounds in astronauts. Rebecca Cairns/CNNEven at SIRO, with all its cutting-edge tech, Cawley has observed a surge of interest in mindfulness activities like meditation. Of course, at SIRO, there’s even a high-tech alternative to this: “vibroacoustic therapy,” the sci-fi equivalent of a gong bath. Tech to help you disconnect might seem excessive, but for SIRO, the integration of health data is the future of wellness, providing guests with a data-driven, personalized wellness program.

Persons: ”, Desmond Cawley, SIRO, Dubai’s, Adam Peaty, Ramla Ali, Cawley, it’s, Rebecca Cairns, Boka, “, Beth McGroarty, that’s, ” McGroarty, SIRO isn’t, McGroarty, —, there’s Organizations: CNN, AC Milan football, Kerzner, Global Wellness Institute, bros, Equinox Locations: Dubai, Montenegro, New York City, SIRO, Cryotherapy

☆ Boeing May Evade Criminal Charges for Violating Settlement
▼ + stars: | 2024-06-21 | by ( Mark Walker | Glenn Thrush | ) www.nytimes.com time to read: +1 min

The department has not made final decisions or ruled out bringing charges, or some other solution, the people said. But it is considering offering Boeing what is known as a deferred prosecution agreement, which is often used to impose monitoring and compliance obligations on businesses accused of financial crimes or corruption, as opposed to trying to convict the company. The agreement, if it is offered, might stipulate that Boeing install a federal monitor to oversee safety improvements, according to the people familiar with the situation. Federal prosecutors said in May that Boeing had violated a previous deferred prosecution agreement by failing to set up and maintain a program to detect and prevent violations of U.S. anti-fraud laws. The settlement was reached in 2021, after Boeing admitted in court that two of its employees had misled federal air safety regulators about a part that was at fault in the two crashes.

Persons: Max Organizations: Boeing

☆ IRS to reject billions of dollars in ‘improper’ pandemic-era small business tax credit claims
▼ + stars: | 2024-06-21 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

Danny Werfel, IRS commissioner, speaks after being ceremonially sworn in at the IRS headquarters in Washington on April 4, 2023. The IRS will deny billions of dollars' worth of claims for a pandemic-era tax break while working to process lower-risk filings, the agency said on Thursday afternoon. Enacted to support small businesses during the Covid-19 pandemic, the employee retention credit, or ERC, is worth thousands of dollars per eligible employee. However, the agency stopped processing new filings in September amid a surge of "questionable claims," the IRS said in a news release. Overall, compliance efforts for erroneous ERC claims have topped more than $2 billion since last fall, the IRS said.

Persons: Danny Werfel, Xers, Werfel Organizations: IRS, ERC, Finance, Social Security Locations: Washington

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