DIRS.INFO The most relevant business & tech news

☆ Mexico makes lots of electric cars, but few Mexicans drive them
▼ + stars: | 2023-03-21 | by ( Aida Pelaez-Fernandez | ) www.reuters.com time to read: +5 min

General Motors Co, Ford Motor Co, BMW and Volkswagen's Audi unit also are producing EVs in Mexico, or plan to. "There are still a number of issues that need resolving in Mexico before there's a massive influx of electric cars," said Mario Hernandez, KPMG's lead manufacturing partner in Mexico. Hernandez said drawbacks included a lack of subsidies for buyers, high costs for installing charging devices at homes and a shortage of public charging stations, vital for longer journeys. Mexico has about 1,100 charging stations nationwide, mostly in the capital and other major cities, according to AMIA. Pedro Corral, director of operations for EV charging stations platform Evergo, drives his all-electric i3 BMW around Mexico City.

☆ Taiwan calls on Britain to support its bid for Pacific trade pact
▼ + stars: | 2023-03-20 | by ( ) www.reuters.com time to read: +2 min

TAIPEI, March 20 (Reuters) - Taiwan President Tsai Ing-wen on Monday called on Britain to support its bid to join a major pan-Pacific free trade pact which London has also applied to enter. "I also hope that given its disposition for maintaining high standards, Britain will support Taiwan's bid to join the agreement. This would do much to allow Taiwan and Britain to continue deepening their partnership," she said. In a statement released after a meeting in Singapore last October, trade pact members said Britain's application was progressing, and subsequent applicants would need to show "a demonstrated pattern of complying with their trade commitments". Britain, like most countries, has no formal diplomatic ties with Taiwan, but has been keen to show its support in the face of China's threats.

The South Korean government was this week forced to rethink a plan that would have raised its cap on working hours to 69 per week, up from the current limit of 52, after sparking a backlash among Millennials and Generation Z workers. South Korean President Yoon Suk Yeol’s senior secretary said Wednesday the government would take a new “direction” after listening to public opinion and said it was committed to protecting the rights and interests of Millennial, Generation Z and non-union workers. “My own father works excessively every week and there is no boundary between work and life,” he said. South Korean people will (remain) vulnerable to deadly overtime work.”Pedestrians in downtown Seoul. Even when the limit was cut to 52 hours, cases of “gwarosa” continued to make the headlines.

TEGUCIGALPA, March 15 (Reuters) - Honduras' decision to seek official relations with China and cut them with Taiwan on Tuesday was about "pragmatism, not ideology," driven by rising debt and investment needs, Honduran Foreign Minister Eduardo Enrique Reina said on Wednesday. China does not allow countries to hold diplomatic ties with both itself and Taiwan as it claims Taiwan as its own territory with no right to state-to-state ties, which Taiwan disputes. Speaking on local television, Reina said Honduras was "up to its neck" in financial issues and debt - including the $600 million it owes Taiwan - and this had partly motivated Honduras' decision to open relations with China. Honduras' decision puts pressure on Taiwan ahead of a visit by Taiwan President Tsai Ing-wen to the U.S. and Central America. Honduras intends to keep trade ties with Taiwan, however, Reina added during his television appearance.

☆ ChatGPT planned a family vacation to Costa Rica. A travel adviser found 3 glaring reasons why AI won't replace experts anytime soon.
▼ + stars: | 2023-03-14 | by ( Hannah Towey | ) www.businessinsider.com time to read: +5 min

KimKim's head of product asked ChatGPT to plan a Costa Rica vacation for her family of four. A travel adviser said ChatGPT's suggestions weren't family-friendly and contained logistical errors. While there was nothing wrong with the locations themselves, travel adviser Brittany McNamara immediately found three issues with the plan. With McNamara's recommendations in mind, Fu asked ChatGPT to remove Guanacaste from the itinerary and come back with a revised schedule. "There's no ability to help with the logistics, which is what a travel adviser is really helpful for — not just the advice, but also the execution."

"You're going to see every board member tell people to keep your money in multiple bank accounts," said Wesley Chan, cofounder and managing partner at FPV Ventures. "I'm not concerned about Bank of America," one business owner said as they left a Bank of America branch on Monday. Big banks can be less competitive, for example, on interest rates because of the security they offer. I think you'll see startups, in particular, questioning moving to the big banks given just how much more expensive it is," Matheson added. "The big banks are in very good shape, and so it probably is a stabilizing decision to move those deposits.

After a bank run of $42 billion in withdrawals, Silicon Valley Bank was shut down by regulators on Friday. The founders were banking at Silicon Valley Bank and wanted to switch banks immediately after being told by their venture investors that the bank was suffering from "liquidity issues." The go-to bank of Silicon ValleySilicon Valley Bank has been a pillar of the startup of ecosystem for four decades, acting as the go-to financial institution for VC fundraising and building strong ties with founders and investors alike. This helped bolster SVB's reputation as the go-to bank of Silicon Valley in the good times, but exacerbated the crisis when it hit Thursday and Friday. "If you're given responsibility to run this iconic Silicon Valley company, you need some humility."

At some Silicon Valley Bank branch locations in California, depositors gathered early Friday to attempt to get their cash out, fearing it could be inaccessible in the coming days. It has had financial relationships with a who’s who of Silicon Valley firms over the years, including Snapchat's parent Snap Inc (SNAP.N). A locked door to a Silicon Valley Bank (SVB) location on Sand Hill Road is seen in Menlo Park, California, U.S. March 10, 2023. A Silicon Valley Bank spokeswoman didn't immediately respond to a request for comment sent Friday. As of Friday, FarmboxRx’s funds were still tied up with Silicon Valley Bank.

March 10 (Reuters) - The sudden collapse of Silicon Valley Bank on Friday sent shockwaves through the startup community, which has come to view the lender as a source of reliable capital, particularly for some of tech’s biggest moonshots. It has had financial relationships with a who’s who of Silicon Valley firms over the years, including Snapchat's parent Snap Inc (SNAP.N)Snap declined to comment. A Silicon Valley Bank spokeswoman didn't immediately respond to a request for comment sent Friday. Uncertainty swept through Silicon Valley as startup founders and venture capital firms worried they could, among other things, fail to make payroll. As of Friday, FarmboxRx’s funds were still tied up with Silicon Valley Bank.

☆ Before Beyoncé and ‘Grey’s Anatomy,’ Harry Shum Jr. Had Professional Wrestling
▼ + stars: | 2023-03-09 | by ( Marc Myers | ) www.wsj.com time to read: 1 min

Harry Shum Jr., 40, is an actor, dancer, choreographer and singer who has appeared in TV’s “Glee” and the film “Crazy Rich Asians.” He currently co-stars in ABC’s “Grey’s Anatomy.” He spoke with Marc Myers. In the late 1960s, when my father was in his 20s, he fled to Hong Kong from mainland China and then sailed to Costa Rica, where he had family. The railroads had originally been built by the Chinese, so there was a small community.

☆ Netflix's expected password-sharing crackdown puts college students on edge
▼ + stars: | 2023-03-08 | by ( Noah Sheidlower | ) www.cnbc.com time to read: +9 min

Sam Figiel, a sophomore at Mercer University in Georgia, said access to Netflix is required for many of his peers' classes. Yet the gradual password-sharing changes have created uncertainty for college students who might not have, or want to spend, disposable income for their own subscriptions. People in the 18-to-34 age group, which accounts for 30% of all Netflix users, are more likely to exchange passwords than older viewers. "There are a lot, lot, lot of U.S. users that are not paying for it, and so I think they're very sensitive to the backlash that they're going to get when they institute this," Nollen said. Staying or leavingEven if the cost of a subscription could rise for borrowers, some college students think Netflix is too important to give up.

Review: Is the Alaska Airlines Business Credit Card the Best Credit Card for You? Alaska Airlines discountsWhen you pay with your Alaska Airlines Business Credit Card, you'll get a $100 discount off a full Alaska Lounge+ membership. Read our review Read Our Review A looong arrow, pointing rightAlaska Airlines Business Card Fees and CostsThe Alaska Airlines Business Credit Card has an annual fee of $70 per company and $25 per card, and doesn't have foreign transaction fees, so it's a useful card to take on trips abroad. If you're not quite in that range, there are plenty of great travel rewards credit cards that you may be eligible for with good credit score, including the personal Alaska Airlines Visa® Credit Card (you can read our review of the Alaska Airlines credit card for more information). If you're a small-business owner and fly Alaska Airlines frequently, the Alaska Airlines Business Credit Card is worth it.

☆ I quit my job as a nurse to house-sit — and I've now lived rent-free in LA, Portugal, Costa Rica, and more
▼ + stars: | 2023-03-02 | by ( Claire Turrell | ) www.businessinsider.com time to read: +9 min

Costa Rica and Mexico were the top two. We booked a trip to Costa Rica, but in March 2020, the pandemic hit and all our travel plans were put on hold. We checked out the site, and we typed in "Costa Rica" when it asked "Where do you want to go?" So far, we've stayed in 10 homes in landscapes as varied as the desert of Palm Springs and the jungle of Costa Rica. Our first house-sit was at a jungle casita in Costa Rica, where we looked after a little rescue dogIt proved to be one of our favorites.

☆ Meet the 'boommates': These two baby boomers live together to cut costs and build a relationship
▼ + stars: | 2023-03-01 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +5 min

Miller had an extra room in her home and thought why not find a roommate to help pay the mortgage. She called her local senior center, and they suggested she try Silvernest, a home-sharing platform founded in Colorado in 2015. According to Miller, Mears pays $650 on a month-to-month basis for her lodging and utilities. Longmont, Colorado, where Mears and Miller live, is located 40 miles north of Denver. After less than a week, Miller and Mears were eating dinner together regularly, taking turns cooking for each other.

☆ I asked ChatGPT to help me plan a vacation. Here’s what happened next
▼ + stars: | 2023-02-27 | by ( Monica Pitrelli | Chris Dwyer | ) www.cnbc.com time to read: +8 min

So the idea that artificial intelligence chatbots, such as ChatGPT and Bing, can research travel destinations and create itineraries is intriguing. I went to the developer's website, clicked on the word "ChatGPT," registered for an account — and started chatting. "All of the places I recommended have great online reviews," ChatGPT replied, providing ratings from Tripadvisor, Booking.com and Google for each hotel. But ChatGPT couldn't show photographs of the hotels or help book them — although it did provide ample instructions on how to do both. Every city I asked ChatGPT about resulted in the bot praising the local food scene.

☆ Yellen says EV battery mineral trade pacts can likely bypass Congress
▼ + stars: | 2023-02-24 | by ( David Lawder | ) www.reuters.com time to read: +3 min

BENGALURU, Feb 24 (Reuters) - U.S. Treasury Secretary Yellen said on Friday that she expects that future limited free trade agreements focused on battery minerals with the European Union and other trusted allies would not need approval from Congress. The law specified that the tax credits were only available to North American-assembled vehicles that meet certain local battery production and mineral extraction processing standards. Countries with U.S. free trade agreements can also access the credits, and this is a provision that the Biden administration hopes to exploit by negotiating limited trade deals focused on battery minerals. Over time, she said she hoped that trade agreements would allow more sold vehicles to qualify over time. The Treasury in March is due to put out guidance on the sourcing of battery minerals and Yellen said this will include guidance on free trade areas that can qualify.

After Russia invaded Ukraine, the West formed what looked like an overwhelming global coalition: 141 countries supported a United Nations measure demanding that Russia unconditionally withdraw. South Korea Indonesia Israel Thailand Japan Saudi Arabia Philippines Afghanistan CambodiaBy contrast, Russia seemed isolated. Eritrea “Russian actions are being distorted” North Korea Russia Belarus Syria Eritrea “Russian actions are being distorted” North Korea Russia Belarus SyriaBut the West never won over as much of the world as it initially seemed. But like many other African countries, South Africa appears careful to balance its growing ties with Russia against maintaining a relationship with the West. Others that provided Ukraine with military support have declined to impose economic sanctions on Russia.

Travel insurance weekly rates at a glance:Average premium: $316.57Average trip cost: $6,747.16Average trip length: 15 daysWhat is travel insurance? See Insider's picks for the best travel insurance »Some credit cards offer a limited amount of travel insurance annually. Insider's Featured Travel Insurance Companies World Nomads Travel InsuranceAllianz Travel InsuranceTravelex travel insurance Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Policy type Average days between purchase to trip Average trip length (days) Average trip cost Average cost of travel insurance Cancellation 53 13 $6,747.16 $396.32 Non-cancellation 16 19 N/A $91.01Source: SquareMouthWhen is the best time to travel? When calculating your travel insurance premium, travel insurance providers consider the likelihood of a medical emergency.

☆ SpaceX invites customers to try global roaming Starlink service, which costs $800 upfront and works almost anywhere on land
▼ + stars: | 2023-02-20 | by ( Kate Duffy | ) www.businessinsider.com time to read: +3 min

SpaceX unveiled in an email to customers its global roaming service for Starlink internet. The service costs $200 per month and $599 for the Starlink kit, emails appear to show. "Global Roaming services are contingent on regulatory approvals," SpaceX said in the email, linking to its map, which shows where Starlink is authorized. PC Mag reported that SpaceX also sent the email to waitlist customers in countries where the satellite internet service isn't available yet, including Greenland. The rollout of the $200 roaming service comes after SpaceX said it had struggled to fund Starlink, especially during the Ukraine war.

☆ I'm an experienced female solo traveler—here are 4 tips I use to be smart about my money on the go
▼ + stars: | 2023-02-18 | by ( Kamaron Mcnair | ) www.cnbc.com time to read: +6 min

Solo travel is one of my favorite perks of being single. Plus, like the everyday costs that rack up quickly for singles, solo travel can often be more expensive than going with a companion. I'm not alone: Search interest in female solo travel specifically recently hit a 10-year high, according to Google Trends. These are my top four tips for smarter saving and spending on your next solo trip. The destination itself might even be a chance for you to save money.

☆ At least 39 migrants die in bus crash off Panama cliff
▼ + stars: | 2023-02-15 | by ( Elida Moreno | ) www.reuters.com time to read: +2 min

[1/4] Rescue teams work at the site of the accident of a bus, which was carrying migrants who had traveled through the Darien gap, in Los Planes de Gualaca, Panama February 15, 2023. REUTERS/StringerPANAMA CITY, Feb 15 (Reuters) - At least 39 have died in Panama after a bus carrying more than 60 migrants fell off a cliff early on Wednesday, the country's migration authorities said, marking the worst migration accident in the Central American country's history. Migration authorities did not provide details on the nationalities of the victims, saying it would first communicate with the relatives and respective embassies of the passengers. Last year, a record 248,000 migrants crossed the Darien Gap, most of them Venezuelans. Since the beginning of 2023, a further 32,800 have crossed the Darien Gap, Panama's foreign ministry said on Tuesday.

Travel insurance weekly rates at a glance:Average premium: $333.10Average trip cost: $6,608.57Average trip length: 15 daysWhat is travel insurance? See Insider's picks for the best travel insurance »Some credit cards offer a limited amount of travel insurance annually. Insider's Featured Travel Insurance Companies World Nomads Travel InsuranceAllianz Travel InsuranceTravelex travel insurance Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. When calculating your travel insurance premium, travel insurance providers consider the likelihood of a medical emergency. Travel Insurance Rates FAQsHow much does travel insurance cost?

☆ 3 suspicious objects have been downed across North America this week. Officials have no idea where 2 of the UAP came from and the pilots who shot them down can't agree on what they even look like.
▼ + stars: | 2023-02-12 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +10 min

US fighter aircraft shot down an object threatening airspace over Alaska yesterday. On Saturday, another unknown object, described as "cylindrical," was shot down over Canada. Here is what we know about the object shot down on Friday. The object shot down on Saturday was spotted in the Northern Canadian territory of Yukon. It is unclear if the object shot down off the Alaskan coast was of similar size or shape.

☆ Netflix clamps down on password sharing in four countries
▼ + stars: | 2023-02-09 | by ( Anna Cooban | ) edition.cnn.com time to read: +3 min

London CNN —Netflix (NFLX) has extended its crackdown on password sharing to Canada, New Zealand, Portugal and Spain. Users in these countries will now have to pay to give people they don’t live with access to their account, after similar rules were trialed in Latin America last year. Netflix started introducing the change last year in Chile, Costa Rica, Peru, Argentina, the Dominican Republic, El Salvador, Guatemala, and Honduras. The streaming giant, which suffered heavy subscriber losses last year, said in a blog post Wednesday that password sharing hurt its revenues and therefore limited its ability to invest in new content. The company, which has turned a blind eye to password sharing for a number of years, said there was “confusion” among users about “when and how” they could share their accounts.

☆ Netflix is widening its password sharing crackdown, with users in Canada, Spain, and New Zealand now facing extra charges
▼ + stars: | 2023-02-09 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Netflix users in Canada, New Zealand, Spain, and Portugal are facing a crackdown on password sharing. The company previously announced that it wanted to roll out "paid sharing" by the end of March. Users in Canada, New Zealand, Spain, and Portugal are the latest to face its clampdown on password sharing, after a previous trial in a number of Latin American nations, Netflix said Wednesday. Paid sharing means that Netflix users will have to set up a primary location, so only people in that household can use the account without paying extra. During Netflix's paid sharing trial in Latin America, it told users that they could request a code to gain a week's access to their accounts while traveling.

Search resuls for: "rică"

25 mentions found