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☆ Tesla prioritizes Musk's and other 'VIP' drivers' data to train self-driving software
▼ + stars: | 2024-07-09 | by ( Grace Kay | ) www.businessinsider.com time to read: +14 min

Business Insider has learned that those annotators focus their efforts on two high-profile categories of drivers: Tesla CEO Elon Musk and a select set of "VIP" drivers. These drivers are internally referred to as "VIP" users and their data is at times put in VIP queues, according to the workers. Related storiesData collected from VIP users, including high-profile Tesla drivers who post on YouTube, is scrutinized more heavily and more likely to be labeled, three current and former workers said. They said they'd been specifically told by leads on their teams that they were working on "VIP data" and had received overtime pay to work on the data ahead of FSD updates. Tesla's self-driving in the regulatory spotlightTesla has come under increasing scrutiny from regulators over the self-driving software and the company's marketing of the service.

Persons: —, Elon Musk, Musk's Teslas, YouTubers, Musk, Tesla, Tesla's, John Bernal, Bernal, else's, annotators, Walter Isaacson's, Tesla influencers, FSD, they'd, Raj Balwani, Chuck Cook, Tesla Raj, Balwani, I've, Cook, he'd, they're, Missy Cummings, Cummings, Philip Koopman, Koopman Organizations: Service, Business, Tesla, SpaceX, Twitter, California Department of Transportation, YouTube, National, Traffic Safety Administration, Carnegie Mellon University, US Justice Department Locations: Hillsborough , California, Tesla's Austin, Fremont , California, Hawthorne , California, California, San Francisco, Buffalo , New York, Los Angeles, Hawthorne, YouTubers, Lombard

☆ Sanctions on Russian oil brought Putin and Modi closer. Now they’re in a nuclear embrace
▼ + stars: | 2024-07-09 | by ( Angela Dewan | ) edition.cnn.com time to read: +6 min

Modi, who leads the world’s biggest democracy, has propped Putin up by making India one of a few loyal customers of Russian oil and gas throughout the two-year war in Ukraine. For all the controversies over nuclear power, it’s a zero-carbon form of energy when generated and it’s fast becoming part of many countries’ answer to the climate crisis. “Clearly the Kremlin has decided that would be a good idea, and some countries are keen to expand their own nuclear power production. It changed its tune in May, when it banned Russian uranium imports, and is on a quest to rapidly develop its own industry to produce HALEU to fuel its own next-generation reactors. It can only benefit India being part of closer collaboration in the Arctic.”She added that India was also benefiting from processing Russian crude oil.

Persons: Vladimir Putin, Narendra Modi, Putin, Modi, Modi’s, ” Elisabeth Braw, Gavriil, Biden, ”, Alan Ahn, GAVRIIL GRIGOROV, ” Braw Organizations: CNN, Indian, TASS, Atlantic Council’s Transatlantic Security Initiative, ., Getty, Energy, Washington DC, Getty Images Locations: Moscow, Russia, Ukraine —, India, Ukraine, Europe, . Russian, AFP, China, United States, Washington

☆ Japan and Philippines' defense pact seeks to counter China's aggression in the region, experts say
▼ + stars: | 2024-07-09 | by ( Dylan Butts | ) www.cnbc.com time to read: +2 min

Japan and Philippines' defense pact signed on Monday seeks to counter China's increasing aggression in the region and create deterrence that goes beyond reliance on the U.S., experts told CNBC. The RAA marks Japan's second such agreement with a country in the Asia-Pacific region, following similar agreements with Australia in 2022. The treaty must be ratified by the appropriate legislative bodies of the Philippines and Japan before coming into force. Kamikawa called the signing of the RAA "a great achievement" for the two countries to further strengthen security and defense cooperation. "Both countries have maritime territorial disputes with China, and they are facing increasingly assertive and aggressive Chinese naval forces," Yaacob added.

Persons: Fumio Kishida, Ferdinand Marcos Jr, Thomas Shoal, Gilberto Teodoro, Yoko Kamikawa, Ferdinand Romualdez Marcos Jr, Teodoro, Rahman Yaacob, Kamikawa, Yaacob Organizations: Japan's, ASEAN, Japan, CNBC, Philippine Defence, Japan's Official Security, Southeast Asia, Lowy Institute Locations: Philippines, Tokyo, Japan, China, South China, Manila, Philippine, Asia, Pacific, Australia

☆ Could Apple become a $4T stock in the next year? At least one analyst says yes
▼ + stars: | 2024-07-08 | by ( Morgan Chittum | ) www.cnbc.com time to read: +5 min

So much for the $3 trillion club: Investors and Wall Street analysts alike are now talking about when Apple might top a $4 trillion stock market value. For those keeping score, Apple closed above a $3 trillion market value just over one year ago. AAPL YTD mountain Apple (AAPL) year-to-date performance Apple shares reached an all-time intraday high to start the week, continuing last week's terrific start to the second half of 2024. Slower iPhone sales in China, which account for nearly 20% of Apple's overall revenue, dogged the stock into April. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer, Siri, ChatGPT, Dan Ives, Wedbush, Jim, Gillette, Jim Cramer's, Scott Eells Organizations: Wall Street, Apple, Microsoft, Nvidia, Apple Intelligence, Developers, Services, Cook & Co, CNBC, Nasdaq, Bloomberg, Getty Locations: China, New York

☆ Copenhagen Tries Rewards for Good Tourist Behavior
▼ + stars: | 2024-07-08 | by ( Ceylan Yeğinsu | More About Ceylan Yeğinsu | ) www.nytimes.com time to read: +1 min

A looming ban on vacation rentals in Barcelona. At a time when overwhelmed European destinations are slapping tourists with restrictions and fees, Copenhagen is trying a different approach: rewarding visitors who act responsibly. Beginning July 15, tourists who demonstrate climate-friendly travel behavior by participating in the city’s green initiatives — including cycling, train travel and clean-up efforts — will be granted access to museum tours, kayak rentals, free meals and more. “We must turn tourism from being an environmental burden into a force for positive change,” said Mikkel Aarø-Hansen, the chief executive of Wonderful Copenhagen, the tourism organization for the Capital Region of Denmark. Copenhagen’s new initiative, CopenPay, aims to bridge the gap between the desire to act sustainably and actual behavior by making climate-friendly action a currency for cultural experiences.

Persons: —, ”, Mikkel Aarø, Hansen, Kanter Organizations: Wonderful, Capital Locations: Venice, Barcelona, Majorca, Copenhagen, Wonderful Copenhagen, Denmark, London

☆ Why Microsoft is reportedly mandating its employees in China stop using Android phones for work
▼ + stars: | 2024-07-08 | by ( Jaures Yip | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. This story is available exclusively to Business Insider subscribers. AdvertisementMicrosoft has reportedly decided to block employees from using Android devices to access its corporate platforms because Google's mobile services, including its Google Play app store, are unavailable in China. That leaves Apple's app ecosystem as the only place for Microsoft employees in China to download and use the Microsoft Authenticator and Identity Pass apps, according to the report. AdvertisementA Microsoft spokesperson previously told Business Insider that "recent events have demonstrated a need to adopt a new culture of engineering security in our own networks."

Persons: —, Charlie Bell Organizations: Service, Bloomberg, Microsoft, Apple, Business, Future Initiative, Google, Android, US, State Department Locations: China

☆ NASCAR debuts electric race car prototype ahead of Chicago Street Race
▼ + stars: | 2024-07-08 | by ( Denise Chow | ) www.cnbc.com time to read: +3 min

A prototype of an electric NASCAR race car sits on the lawn during the NASCAR Xfinity Series The Loop 110 at the Chicago Street Course on July 6, 2024. NASCAR on Saturday unveiled a prototype electric race car as part of a new initiative that aims to reduce the organization's emissions and electrify aspects of the sport. The vehicle's debut, in partnership with the electrification and automation company ABB, came one day before NASCAR's Chicago Street Race. The "ABB NASCAR EV Prototype," developed in collaboration with Chevrolet , Ford and Toyota , is an electrified stock car that can produce 1,000 kW (or 1341 horsepower) at peak power. Like most existing hybrid or full-electric vehicles, the race car has a regenerative braking system that converts kinetic energy from braking into electrical power.

Persons: NASCAR's, Chris Shigas, Shigas, Eric Nyquist Organizations: NASCAR, ABB, EV, Chevrolet, Ford, Toyota, NBC Locations: United States, U.S, California

☆ Starbucks' plan for stock gains includes more than just discounts and value combos
▼ + stars: | 2024-07-07 | by ( Paulina Likos | ) www.cnbc.com time to read: +9 min

He needs to execute better," Jim Cramer stressed, referring to Starbucks CEO Laxman Narasimhan, during the Investing Club's June Monthly Meeting . Then in mid-June, Starbucks launched its limited-time "Pairings Menu," which includes a $5 coffee-and-croissant combo and a $6 coffee-and-breakfast-sandwich deal. Order up Jefferies' Barish also raised questions about Starbucks' menu innovations, arguing its updated drink options are not driving sales as much as hoped. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: it's, Jim Cramer, Laxman Narasimhan, Jim, Rachel Ruggeri, Burger King, Jefferies, Andy Barish, Barish, TD Cowen, Cowen, Edward Lewis, Lewis, they're, Narasimhan, Ruggeri, Berry, Long, We've, Jim Cramer's, Spencer Platt Organizations: Starbucks, Taco Bell, Street, CNBC, Getty Locations: North America, Israel, Gaza, China, Burger, Manhattan, New York City

☆ Coco Gauff out of Wimbledon after Emma Navarro shock on Centre Court
▼ + stars: | 2024-07-07 | by ( Matthew Futterman | ) www.nytimes.com time to read: +3 min

WIMBLEDON — The ball whistled past Coco Gauff’s shoulder, and seconds later her hand was over her mouth. 1, and one of the current favorites for the Wimbledon title that will be handed out on Saturday July 13. Navarro, who shows little emotion regardless of the numbers on the scoreboard, kept her cool and stayed steady. Gauff was the only player to make it to at least the semifinals of the last three Grand Slams. AdvertisementAnother forehand error from Gauff earned Navarro a third match point.

Persons: Gauff’s, Emma Navarro, Iga Swiatek, Brad Gilbert, Navarro, isn’t, Gauff, Clive Brunskill, Naomi Osaka, “, Jasmine Paolini — “, ” Navarro, Henry Nicholls Organizations: WIMBLEDON, NCAA, Wimbledon, U.S, All England Club, Getty

In this next term, I’m going to make sure we got to — straighten out the tax system. STEPHANOPOULOS: The number of Americans who think you’re too old to serve has doubled since 2020. STEPHANOPOULOS: I’ve — I’ve questioned him and his allies as persistently as any journalist has. We have — I mean, I’m not seen what you’re — you’re proposing. He may bring me down, he may.”STEPHANOPOULOS: Mr. President, I’ve never seen a president 36 percent approval get re-elected.

Persons: Biden, George Stephanopoulos, GEORGE STEPHANOPOULOS, BIDEN, Nancy Pelosi, you’ve, I’m, You’ve, I’ve, ”, “, who’ve, what’s Biden, George, — BIDEN, —, “ You’re, Walter Reed, Madeleine Albright, Netanyahu, They’ll, ” BIDEN, Putin, it’s, I’d, Donald Trump, You’re, It’s, he’s, you’re, That’s, “ That’s, hadn’t, Nothing’s, They’re, Trump, — I’ve, oth, Hoover, Mark Warner, We’ve, Mark’s, Chuck Schumer, Hakeem Jeffries, “ We’re, Jim Clyburn, they’re, Almighty, “ Joe, ” I’d, Almighty’s, Hakeem, “ Oh, what’s, I’ll, George . Organizations: ABC, The New York Times, National Security Council, New York Times, The Washington Post, Street, NATO, Big Pharma, BIDEN, Putin, AUKUS, Senate, CBS Poll, NBC, Electoral College, Washington Post, Democratic Party, House Democrats, Senate Democrats Locations: Europe, Camp David, North Carolina, —, Georgia, The, England, Pacific, Ukraine, South Korea, United States, It’s, New York, China

☆ Esports World Cup: The new tournament in Saudi Arabia causing a big splash and division in the industry
▼ + stars: | 2024-07-06 | by ( Ben Church | ) edition.cnn.com time to read: +12 min

The Esports World Cup (EWC) – which began on July 3 – has brought together professional gamers, publishers and fans from across the world for an eight-week competitive gaming bonanza. To bring this on the similar scale as the largest traditional sports events and something that brings together the whole industry,” Reichert said. Discovery – CNN’s parent company – and the Esports World Cup Foundation agreed to a new partnership which includes Eurosport, CNN and other WBD platforms. “From my experience, there are a lot of people in [Saudi Arabia] that love their games, right to the top. “It’s probably unprecedented how quickly Saudi Arabia is moving ahead in its progression.

Persons: –, Ralf Reichert, ” Reichert, “, Gen.G, Mohammed Saad, Reichert, ”, Sam Mathews, It’s, it’s, Prince Mohammed bin Salman, sportswashing, SGG, Rod Breslau, “ It’s, ” Dana Ahmed, Manahel, Otaibi, Nick McGeehan, FairSquare, Mohamed bin Salman, Liquid’s, Steve Arhancet, Mathews Organizations: CNN, CNN Sport, Riot, New York Times, Adidas, Warner Bros, Eurosport, Anadolu, Getty, EWC, EWC Foundation, Saudi, MBS, Fox News, Investment Fund, Gaming, Amnesty, Fnatic, “ Locations: Saudi, Saudi Arabia, esports, “ Saudi Arabia, Breslau

☆ NASCAR unveils electric SUV, but the race series isn’t giving gasoline the boot
▼ + stars: | 2024-07-06 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +4 min

But, if NASCAR is known for anything, it’s the loud V8 internal combustion engines that power the race car. That’s why NASCAR wants to make it very clear that gasoline-burning race cars are in no immediate danger of extinction. ABB is also heavily involved in Formula E, the electric racing series affiliated with Formula 1. With many changes over the years, modern NASCAR race cars bear little resemblance to the Toyotas and Chevrolets that typical Americans own. This time, designers wanted to maintain that resemblance between the race car and the vehicles fans drive, which are, increasingly, SUVs.

Persons: ”, Riley Nelson, NASCAR’s, John Probst, Michael Plaster, Nelson, we’re, Probst, “ Organizations: CNN, NASCAR, ABB, Formula E, Formula, National Association for Stock, Auto, Cox Automotive

☆ Eyeing China, the Philippines wants to buy its first attack submarine
▼ + stars: | 2024-07-06 | by ( Michael Peck | ) www.businessinsider.com time to read: +8 min

Read previewAmid rising tensions with China, the Philippines is planning to buy its first submarine. AdvertisementChina and its neighbors have been at loggerheads for the past decade, after Beijing claimed sovereignty over most of the South China Sea, including islands and resource-rich waters. AdvertisementBut that leaves the question of how readily the Philippines Navy can operate a submarine. Chinese Coast Guard holding knives and machetes as they approach Philippine troops in the disputed South China Sea on June 17, 2024. Armed Forces of the Philippines via AP, FileA single submarine would do little to change the power imbalance between the Philippines and China.

Persons: —, Greg Poling, Ferdinand Marcos Jr, Thomas Shoal, Poling, Rodrigo Duterte, You've, Mark Manantan, Manantan, Michael Peck Organizations: Service, Business, Philippine Navy, Washington -, Strategic, International Studies, Diesel, Philippines Navy, Malaysia, Forum, Islamic, Philippine Communist Party, Coast Guard, Armed Forces, AP, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: China, Philippines, Philippine, South China, Asia, Washington, loggerheads, Beijing, Vietnam, Malaysia, Sierra Madre, American, France, Spain, South Korea, Italy, Indonesia, Hawaii, Mindanao, Manila, Asian, Forbes

☆ The expeditions documenting the Congo Basin
▼ + stars: | 2024-07-05 | by ( Leah Collins | ) edition.cnn.com time to read: +5 min

CNN —The Congo Basin in central Africa is one of the largest wilderness areas left on Earth, spanning 3.4 million square kilometers (1.3 million square miles). Steve Boyes, founder and project leader of The Wilderness Project, is gathering scientific information across the length of the Congo River. And that’s every single corner, typically, of these rivers.”Steve Boyes on a Great Spine of Africa expedition. This expedition is not Boyes’ first time exploring the Congo Basin. The expedition team camping at a fishing village.

Persons: Steve Boyes, ” Boyes, “, James Kydd Boyes, Boyes ’, Johann Vorster, eDNA, ”, Matt Dooley, there’s, Boyes Organizations: CNN, Initiative, Rolex, UNESCO, Geographic Locations: Congo, Africa, Nile, Chad, Niger, Angolan, Angola, Zambia

☆ This soccer star who came from nothing has been funding universal basic income in his hometown for years
▼ + stars: | 2024-07-05 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Read previewYouTube star Jimmy "MrBeast" Donaldson recently donated $200,000 toward a universal basic income program in the Ugandan village of Karamoja. A top soccer player who grew up desperately poor has funded a similar initiative in his African hometown for years. This story is available exclusively to Business Insider subscribers. In addition, I give 70 euros per month to all people in a very poor region of Senegal which contributes to their family economy. AdvertisementAl Nassr didn't immediately respond to a request for comment from Business Insider.

Persons: —, Jimmy, MrBeast, Donaldson, Sadio Mané, Al Nassr, Mané, Sadio, Visionhaus, Elon Musk, Sam Altman, Ferraris, He's, Al Nassr didn't Organizations: Service, Liverpool, Bayern Munich, Business, Saudi, Africa, Afrique, barefooted Locations: Ugandan, Karamoja, Saudi, Senegal, Bambali

☆ Sam Bankman-Fried's mom asked him for $92,000 — to be delivered within a day. I can (sort of) relate.
▼ + stars: | 2024-07-05 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +2 min

My child lost a tooth right before bedtime, and the Tooth Fairy found herself completely out of cash (who carries cash now?!). So, in the dark of night, I snuck into my son's piggy bank, stole a crumpled $5 bill, and placed it under my sleeping angel's pillow. (A note for him when he's old enough to google his mom and comes across this: Son, let's talk about this.) AdvertisementThe Journal looked at emails that had previously not been reported where Joe Bankman and Barbara Fried discussed political donations. As a mother who has "borrowed" money from her own child's piggy bank, I can relate.

Persons: Sam Bankman, Joe Bankman, Barbara Fried, didn't, Nihad Singh, Sam, Fried Organizations: Business, The, Research, New Locations: New Virginia

☆ GlobalFoundries races to find semiconductor talent as demand for chips soars
▼ + stars: | 2024-07-05 | by ( Kate Rogers | ) www.cnbc.com time to read: +5 min

The U.S. chips industry is expected face a shortage of 67,000 technicians, computer scientists and engineers by 2030, while the broader U.S. economy is set to have a gap of 1.4 million such workers, according to a 2023 study from the Semiconductor Industry Association. A wafer sorter inside the GlobalFoundries semiconductor manufacturing facility in Malta, New York, on June 18, 2024. The company creates chips for everyday products from electronics and phones to autos, in addition to components for space and defense. The GlobalFoundries semiconductor manufacturing facility in Malta, New York, on June 18, 2024. Morgan Woods, 28, started out in Malta, New York, at GlobalFoundries' fab facility as a technician in 2021.

Persons: Cindy Schultz, Lockheed Martin, Pradheepa Raman, Raman, Morgan Woods, Woods, GlobalFoundries Organizations: Semiconductor Industry Association, Deloitte, Bloomberg, Getty, General Motors, Lockheed, CNBC, Workers, GM, U.S Locations: U.S, Malta , New York, New York, Vermont

☆ Germany seals 2025 budget plan after weeks of tense negotiations
▼ + stars: | 2024-07-05 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +3 min

German Chancellor Olaf Scholz smiles during a question time on July 3, 2024 at the Bundestag (lower house of parliament) in Berlin. "It is about a strong defense, a strong [German army] that offers protection from the aggressive tyrants of our time. An economic growth initiative has been planned alongside the budget, Scholz said. But the budget must then be discussed by the German parliament after its summer break, before being finalized later in the year. Negotiations have been ongoing for weeks after spending plans shared by individual ministries exceeded constraints by billions.

Persons: Olaf Scholz, Scholz, Christian Lindner, Lindner Organizations: Bundestag, CNBC, NATO, German, Reuters Locations: Berlin

☆ Navajo Nation: As it gets hotter, 13,000 families in this pocket of America live without electricity
▼ + stars: | 2024-07-03 | by ( Ashley Killough | Ed Lavandera | ) edition.cnn.com time to read: +10 min

But Benally – like 13,000 families in roughly a third of Navajo Nation households – is still off the electrical grid. But while private companies tapped those resources in the 20th century to help electrify areas around the Southwest, the Navajo Nation reaped few benefits. Linemen work to install power lines to bring electricity to the Navajo Nation. Today, it costs the Navajo Nation $40,000 per family, largely due to the remote, desert land. William Lee Tom Jr. screws in a lightbulb at his Navajo Nation home.

Persons: New Mexico CNN — Katherine Benally, Benally, “, ”, Bryan English, Dave Lock, Franklin Roosevelt’s, Ashley Killough, Bennett, Deenise Becenti, who’ve, Arlene Henry, Arlene Henry doesn't, Arlene Henry's, CNN “, ” Henry, Henry, ” Henry clutched, William Lee Tom Jr, He’s, Tom, it’s, Joel De La Rosa Organizations: New Mexico CNN, Navajo, Navajo Nation, Trico Electric Cooperative, ”, Canyon, Electric Cooperative Association, US Energy Department, CNN, Navajo Tribal Utility Authority, American Public Power Association, National Rural Electric Cooperative Association, Workers Locations: New Mexico, United States, American, America, Arizona, Benally’s, West Virginia, Navajo, Crystal , New Mexico, Rock , Arizona

☆ Massachusetts secured a big raise for Uber and Lyft drivers in the state, but some are worried the deal could have negative side effects
▼ + stars: | 2024-07-03 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +9 min

The settlement will pay $175 million to the state and drivers, many of whom claimed both companies violated Massachusetts wage and hour laws. Also, Massachusetts drivers will be considered independent contractors, meaning they will not receive all the protections of employees. Advertisement"The recent agreement reached in Massachusetts before the ballot initiatives were decided by Massachusetts voters is a favorable outcome for most Massachusetts drivers," Avedian said. What Massachusetts drivers sayAvedian said for the majority of drivers, this settlement is a big step in the right direction. In May, Uber and Lyft struck a deal to pay Minnesota drivers $1.28 per mile and $0.31 per minute minimum.

Persons: —, Uber, Lyft, Sergio Avedian, Guy, Avedian, Mark McInerney, he's, Matt R, Matt, Ronald Banks, Jen, isn't Organizations: Service, Business, Uber, Lyft, California Supreme, Research, UC Berkeley Labor Center, Center for Wage, Dynamics, Seattle metros, Drivers, New York City, Taxi, Limousine Commission, New York, Minnesota Locations: Massachusetts, New York , California, Washington, Minnesota, New York State , Minnesota, Boston, Texas and Massachusetts, Chicago , Portland, Virginia, California, Los Angeles, San Francisco, Chicago, New York, New York City, New, Minneapolis

☆ Canada's bold plan to make housing more affordable is showing signs of working — and could be a model for the US
▼ + stars: | 2024-07-03 | by ( Eliza Relman | ) www.businessinsider.com time to read: +7 min

Like the American federal government, Canada's national government doesn't have a lot of control over housing policy. Related storiesOverall, the federal push has already been quite successful in changing the housing policy landscape across the country, Moffat said. Over the last several years, an influx of new immigrants, rampant investor speculation, and rapidly rising construction costs have also sent prices up. It would also impose a fine on cities that tolerate "NIMBY" — the anti-development "Not in My Backyard" philosophy — opposition to housing construction. Some American fans of Canada's Housing Accelerator Fund suggest it could be a model for US efforts to incentivize denser and more abundant housing construction.

Persons: i'm, it's, Mike Moffatt, Moffat, —, Justin Trudeau, Trudeau, Matti Siemiatycki, Siemiatycki, there's, densification, Pierre Poilievre, hasn't, Joe Biden's Organizations: Service, Business, Smart Prosperity, University of Ottawa, Housing, Liberal, Infrastructure Institute, University of Toronto's, of Cities, Concordia University, Conservative Party, Investment, Jobs Locations: Canada, Ottawa, British Columbia, Ontario, Alberta, California, United States

☆ US announces $2.3 billion military aid package for Ukraine
▼ + stars: | 2024-07-03 | by ( Oren Liebermann | ) edition.cnn.com time to read: +2 min

CNN —The US announced a new $2.3 billion military aid package for Ukraine on Wednesday, one day after Defense Secretary Lloyd Austin said the US would soon provide Kyiv with more air defense interceptors and critical munitions. The $2.2 billion in USAI funding for Ukraine is one of the largest such packages the US has announced, though it is dwarfed by the $6 billion USAI package announced in late-April. This is also the fifth military aid package for Ukraine since the passage of a $95 billion supplemental aid package in April, which included $61 billion in aid for Ukraine. In opening statements before their meeting, Austin said the US would soon be announcing the $2.3 billion security package. The US has provided approximately $53.6 billion in security assistance to Ukraine since the beginning of the war.

Persons: Lloyd Austin, “, Biden, Austin, Rustem Umerov Organizations: CNN, US, Ukraine, Pentagon, Presidential, Ukraine Security Assistance Initiative, Kyiv, Biden Administration, Ukrainian Defense Locations: Ukraine

☆ Greece becomes first EU country to introduce a six-day working week
▼ + stars: | 2024-07-02 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

A church in Anafiotika neighborhood, a part of the old historical neighborhood called Plaka, in Athens, Greece on March 16th, 2024. Greece has controversially introduced a six-day working week for some businesses in a bid to boost productivity and employment in the southern European country. The regulation, which came into force on July 1, bucks a global trend of companies exploring a shorter working week. The change means a traditional 40-hour workweek could be extended to 48 hours per week for some businesses. Food service and tourism workers are not included in the six-day working week initiative.

Persons: Kyriakos Mitsotakis Organizations: Labor, CNBC Locations: Anafiotika, Athens, Greece, London

☆ A growing club led by Xi and Putin to counter the US is adding a staunchly pro-Russia member
▼ + stars: | 2024-07-02 | by ( Nectar Gan | ) edition.cnn.com time to read: +8 min

After adding Belarus, it will boast 10 members, representing more than 40% of the world’s population and roughly a quarter of the global economy. Growing ambitionsAs the SCO grows in international visibility and economic weight, it has also broadened in geopolitical ambitions. Putin speaks to Xi at the SCO summit two years ago in Samarkand, Uzbekistan. But the Belarus membership also creates big question marks that will hang over the organization, Gill said. After the summit in Astana, China is due to take up the rotating presidency of the SCO for a year.

Persons: Xi Jinping, Vladimir Putin, Narendra Modi, Moscow’s, ”, “, Eva Seiwert, Seiwert, Putin, Xi, Sergei Bobylev, Bates Gill, Gill, –, ” Gill, Modi, they’re Organizations: Hong Kong CNN —, Shanghai Cooperation Organization, Indian, SCO, Union, Mercator Institute for China Studies, ”, Putin, AP, National Bureau of Asian Research, “, Central, Modi, Astana –, Kremlin, Central Asia, NATO, European Union, Seven Locations: Hong Kong, China, Russia, Russian, Ukraine, Belarus, Astana, Kazakhstan, Beijing, Moscow, United States, Iran, Kyrgyzstan, Tajikistan, Uzbekistan, India, Pakistan, Afghanistan, Mongolia, Myanmar, Turkey, Berlin, “, Eurasia, Samarkand, Central Asia, New Delhi, Soviet, Xi’an

☆ The number of Gen Zers who aren't in work or school is rising. Here's how to tackle it, according to experts.
▼ + stars: | 2024-07-02 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +8 min

Read previewA growing number of young people globally are struggling to stay in work or school. "They are searching for places where they can be true to themselves, where mental health is not looked down upon but helped, and where working sometimes from home or a coffee shop is possible." AdvertisementRather than jump on the first opportunities that come along, voluntary NEETs are holding back for the right job. Better guidanceOther career experts agreed that development should start early so students understand the variety of different paths available to them. Experts remain divided over how to address the rise in NEETs, in part because no solution would work for all.

Persons: —, Louis, there's, Sen, Tim Kaine, who's, Nezih Allioglu, Michaela Wright, Friederike Fabritius, Fabritius, Fabritus, Kleeman Organizations: Service, International Labour Organization, Louis Federal Reserve's Institute for Economic Equity, Business, European Commission, Young Enterprise, Governance Association, New Workforce, Prince's, Labour Force Survey, Sustainability, HSBC UK, Google, Deloitte, WSJ Locations: NEETs, NEETS

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