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☆ Amazon's pledge to become 'Earth's Best Employer' is failing.
▼ + stars: | 2023-02-16 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +5 min

I get a lot of satisfaction out of what I do, but I'd love to work for the world's best employer. What would the best employer in the world look like? While we ponder these imponderables, I can tell you that it's probably not Amazon — despite its flashy 2021 pledge to become "Earth's Best Employer." Amazon is fumbling its "Earth's Best Employer" pledge. CEO Andy Jassy even once admitted that the definition of Earth's Best Employer is "subjective."

☆ ECB 50-basis-point hike in March a done deal, May and June undecided
▼ + stars: | 2023-02-16 | by ( Jonathan Cable | ) www.reuters.com time to read: +3 min

ECB President Christine Lagarde said at a news conference this month that the euro zone's central bank would add 50 basis points to the deposit rate. Economists took her at her word, with all 57 of them polled in the Feb. 10-15 period expecting a deposit rate hike to 3.00% at the March 16 meeting. The ECB will follow up on March's move with a further 25-basis-point lift next quarter, medians showed, giving a terminal deposit rate of 3.25% and a refinancing rate of 3.75%. In response to an additional question, an overwhelming majority - 26 of 28 - said the risk was the terminal deposit rate ends higher than they expect, rather than lower. Markets are currently pricing in a terminal deposit rate of 3.50%.

Manchester United, INEOS, Tesla and Musk did not reply to requests for comment. "For potential buyers, football clubs like Manchester United are considered trophy assets driven by the perception of exclusivity. The size of that bid has fuelled speculation Manchester United will attract significantly more. Manchester United is the fourth richest soccer club in the world, according to analysis by Deloitte. A small portion of Manchester United shares is listed on the New York Stock Exchange.

☆ Was the poet poisoned? Chile awaits new report on Neruda’s death
▼ + stars: | 2023-02-16 | by ( ) www.reuters.com time to read: +2 min

[1/4] A picture of Chilean poet and Nobel laureate Pablo Neruda is seen inside his museum house in the coastal sector of Isla Negra, Chile, April 26, 2016. REUTERS/Rodrigo GarridoFeb 15 (Reuters) - A third inquiry into the death of Chilean poet Pablo Neruda 50 years ago could shed new light on whether he was poisoned by political enemies, as alleged by some of his family. Rodolfo Reyes, a Neruda nephew, reiterated this week claims that his uncle - a member of the Communist party and the most important Chilean intellectual of the time - was poisoned. Previous tests have found no evidence Neruda, winner of the Nobel Prize for literature in 1971, was poisoned. Reporting by Fabian Andrés Cambero; Writing by Isabel Woodford; Editing by Tom HogueOur Standards: The Thomson Reuters Trust Principles.

☆ Euro zone inflation could fall faster than thought, ECB's De Cos says
▼ + stars: | 2023-02-15 | by ( ) www.reuters.com time to read: +1 min

MADRID, Feb 15 (Reuters) - Euro zone inflation could fall faster than earlier thought given a host of positive developments in recent months but past price hikes and a tight labour market could still exert upward pressure on underlying prices in the near term, European Central Bank policymaker Pablo Hernandez de Cos said on Wednesday. "Recent data on euro area inflation and some of its key determinants are somewhat encouraging, but the overall situation still requires caution", De Cos said in a speech posted on the webpage of the Bank of Spain. He also mentioned the possible effects of the Chinese reopening, the resilience of the euro area economy and the transmission of ECB monetary policy decisions. "All these will have to be assessed as part of the full projections exercise under way in the run-up to our March meeting," De Cos said. Reporting by Jesús Aguado; Editing by Balazs KoranyiOur Standards: The Thomson Reuters Trust Principles.

☆ Biden administration is making a big change to student loan repayment. What borrowers need to know
▼ + stars: | 2023-02-15 | by ( Annie Nova | ) www.cnbc.com time to read: +3 min

Currently, after 20 years of payments on undergraduate student loans, any leftover debt is forgiven on the existing REPAYE Plan. However, under the Biden administration's proposal, those with original student loan balances of $12,000 or less may get their loans forgiven after just 10 years. watch nowPreviously, a borrower who made $40,000 a year would have a monthly student loan payment of around $151. The new option should be available to borrowers with undergraduate and graduate student loans, although undergraduate borrowers will have lower payments. Once the new REPAYE Plan is available, borrowers can call their student loan servicer to enroll in the option, or apply at StudentAid.gov.

The planned listing will end a prolonged hiatus in initial public offerings (IPO) on Spain's main market since renewables company Opdenergy's (OPDE.MC) lackluster debut in July. EiDF Solar, which installs solar panels, currently trades on the junior market of the BME Exchange and plans to relist its shares on the senior stock market, known as Mercado Continuo. The group must place more shares with investors to meet a 25% minimum free-float requirement for the country's main market. Shares in EiDF, one of the most actively traded stocks on BME Growth, have rocketed since its stock market debut in 2021. It posted third-quarter 2022 revenues of 315.54 million euros, up from 30.55 million euros the previous year, and earnings before interest, tax, depreciation and amortisation (EBITDA) of 46.86 million euros, up from 7.10 million euros.

MethodologyThe 3-D scene was created using photographs of the venue for reference. The positions of the players were determined from a photograph taken at that moment during the play. The player models were created using a machine learning model called ICON, which was created by Yuliang Xiu, Jinlong Yang, Dimitrios Tzionas, Michael J. Black and the Max Planck Institute. The models were refined manually using photographs as reference.

☆ Delivery Hero ramps up interest payments to raise 1 bln euro convertible bond
▼ + stars: | 2023-02-13 | by ( Pablo Mayo Cerqueiro | ) www.reuters.com time to read: +2 min

Feb 13 (Reuters) - Germany's Delivery Hero (DHER.DE) is offering investors significantly higher interest payments than it has done historically to raise 1 billion euros ($1.07 billion) through a new seven-year convertible bond announced on Monday. Though Delivery Hero is a recurrent issuer of equity-linked securities, the deal illustrates a trend among listed European firms choosing to refinance debt through convertible bonds as an alternative to straight-up equity or debt. However, despite rising interest rates, the industrials firm was able to secure cheaper terms than Delivery Hero, an international food-delivery service. Rheinmetall's bonds, due in 2028 and 2030, pay interest of 1.88% and 2.25%, respectively. Alongside the convertible bond sale, the banks on the deal are placing up to 300 million euros worth of existing shares on behalf of convertible bond investors as a hedging manoeuvre.

A map of Turkey showing the city of Kahramanmaras in relation to the epicenter of the earthquake. A set of before and after images that show how a block in the downtown Kahramanmaras area was turned to rubble by the earthquake. For days, rescue teams and family members have been working through rubble of collapsed buildings throughout the city. Residential buildings Before Residential buildings After Google Maps Street View from November 2022; Adem Altan/Agence France-Presse, via Getty Images from Feb. 7, 2023On many blocks, only a few buildings remain. A set of before and after images that show another block of residential buildings destroyed, leaving the Clarion Hotel Kahramanmaras standing alone.

☆ George Santos claimed Kyrsten Sinema told him to 'hang in there' after Mitt Romney confronted him. Her office says that's a lie.
▼ + stars: | 2023-02-10 | by ( Madison Hall | Bryan Metzger | ) www.businessinsider.com time to read: +3 min

George Santos said Kyrsten Sinema told him to "hang in there buddy" following a tense conversation with Sen. Mitt Romney. Sinema's office, however, said she told Santos no such thing. The embattled congressman from New York claimed on Thursday that Sen. Kyrsten Sinema told him to "hang in there buddy" after he was confronted by Sen. Mitt Romney at the 2023 State of the Union. "Kyrsten didn't say a word to Rep. Santos - and didn't even know about the exchange with Senator Romney until they got to their seats." "I'm reaping the consequences of those bad judgment calls," Santos later told a prospective staffer in leaked audio obtained by Talking Points Memo.

Click to unmute A global city needs a global soundtrack, and in New York, you can find nearly anything you want. Over the past several months, we followed several New York musical scenes that reflect the city’s creative soul, thriving in community centers, local bars and public parks. The sight of a new generation encouraged Mr. Joseph, who sees the band as preserving traditional culture in the modern city. It becomes part of you.” New York itself is as much a player as any musician, transforming traditional tunes into something new. The people who embraced Mateo and his mother when they moved from Boston to New York in 2016 now consoled her.

☆ IONOS shares slip below IPO price at start of trading
▼ + stars: | 2023-02-08 | by ( Pablo Mayo Cerqueiro | ) www.reuters.com time to read: +1 min

LONDON, Feb 8 (Reuters) - Shares in German web hosting company IONOS dipped below the price of its initial public offering (IPO) on Wednesday after Europe's first major stock market debut since Porsche (P911_p.DE) in September. Shares started trading at 18.40 euros apiece and were changing hands at around 18.00 in morning trading. Books closed on Tuesday with a final IPO price of 18.50 euros, the company said. The deal piqued the interest of a significant number of investors, with roughly 750 meetings set up to market the IPO, the source added. Underwriters for the deal may use an "over-allotment" option to issue additional shares, giving the company a free-float of 17.3%.

☆ Map: 7.8-Magnitude Earthquake Strikes Turkey, Syria, Lebanon and Israel
▼ + stars: | 2023-02-06 | by ( Pablo Robles | ) www.nytimes.com time to read: +1 min

A deadly earthquake with a magnitude of 7.8, according to a U.S. agency, struck Turkey on Monday morning. Hundreds of buildings collapsed, and millions of people in Turkey, Syria, Lebanon and Israel felt the earth shake. Hundreds of deaths were reported in Turkey and Syria, and the toll was expected to rise. Area affected by the earthquake Shake intensity Severe Moderate Black Sea Ankara TURKEY Epicenter Gaziantep CYPRUS Beirut SYRIA LEBANON Damascus Tel Aviv IRAQ JORDAN ISRAEL 200 miles Istanbul Black Sea Ankara TURKEY Epicenter Gaziantep CYPRUS IRAN Beirut SYRIA Mediterranean Sea LEBANON Damascus Tel Aviv JORDAN IRAQ Area of detail ISRAEL 200 miles Istanbul Black Sea Ankara TURKEY Light Moderate Strong Epicenter Gaziantep Severe shaking IRAN CYPRUS Beirut SYRIA Mediterranean Sea LEBANON Damascus Tel Aviv JORDAN IRAQ Area of detail ISRAEL 200 miles Source: U.S. Geological Survey Note: Based on assessment as of 1:00 a.m. EST on Feb. 6.

☆ IONOS sets IPO price guidance at lower end of range
▼ + stars: | 2023-02-06 | by ( ) www.reuters.com time to read: +1 min

LONDON, Feb 6 (Reuters) - German web hosting firm IONOS plans to sell shares at the lower end of the targeted price range in its initial public offering (IPO) on the Frankfurt bourse, a deal seen as a potential icebreaker for the reopening of European markets. The company is offering stock at 18.50 to 19.50 euros ($19.94-$21.02) per share, compared with the original price range of 18.50 euros to 22.50 euros, according to a bookrunner message seen by Reuters on Monday. Books were covered across the full deal size shortly after its official launch on the morning of Jan. 30. The deal is seen as a test of equity investors' appetite for newly publicly traded companies after IPO activity plunged in 2022. ($1 = 0.9277 euros)Reporting by Pablo Mayo Cerqueiro; Editing by Jason Neely and Jan HarveyOur Standards: The Thomson Reuters Trust Principles.

☆ Rothschild family plans to take its Paris-listed investment bank private
▼ + stars: | 2023-02-06 | by ( Mathieu Rosemain | ) www.reuters.com time to read: +2 min

SummarySummary Companies Plan to be submitted to shareholders on May 25Shares jump by 17% in early tradingPARIS, Feb 6 (Reuters) - The Rothschild family is seeking to take its Paris-listed investment bank private, Rothschild & Co (ROTH.PA) said on Monday, sending the shares up by almost 17%. Concordia, the family-owned holding and Rothschild & Co's largest shareholder, is poised to file a tender offer for the investment bank's shares at 48 euros each, Rothschild said in a statement. The price represents a premium of 19% compared to Rothschild & Co's previous closing stock price as of Friday, at 40.25 euros. The Rothschild family owns about 55% of the company's shares, according to Refinitiv. Rothschild & Co said it would further inform the market on the private ownership plan on Feb. 13, when it reports full-year results.

October 2022 Wang Linfang,92, molecular biologist Four members of China’s two most prestigious academic institutions died in October – in line with the average in recent years. October 2022 Wang Linfang,92, molecular biologist Four members of China’s two most prestigious academic institutions died in October – in line with the average in recent years. Zhang Guocheng, 91 Zhao Zisen, 90, developed China’s first practical optical fiber Tang Hongxiao, 91 The obituaries began accumulating. October 2022 Wang Linfang,92, molecular biologist Four members of China’s two most prestigious academic institutions died in October – in line with the average in recent years. October 2022 Wang Linfang,92, molecular biologist Four members of China’s two most prestigious academic institutions died in October – in line with the average in recent years.

☆ Zopa raises $92 million as SoftBank sits out funding round
▼ + stars: | 2023-02-02 | by ( Pablo Mayo Cerqueiro | Iain Withers | ) www.reuters.com time to read: +2 min

The Japanese conglomerate previously led a 220 million pound funding round in late 2021 that valued Zopa at roughly $1 billion. Zopa did not disclose a price tag for the funding round but said it "cements" its unicorn status, awarded to start-ups worth upwards of $1 billion. London-based Zopa started out as a peer-to-peer lender in 2005 and later moved to banking, amassing 2 billion pounds of consumer loans and more than 3 billion pounds of customer savings. In the meantime, Zopa will use the fresh cash to explore potential acquisitions, including of companies of similar size, Janardana said. The company is also considering raising 25 million pounds to 100 million pounds of Tier-2 debt later in the year to firm up its balance sheet, Janardana said, adding that the plans are contingent on the cost of debt.

A trading book includes loans banks have earmarked for sale and are thus marked-to-market, while a banking book is where a lender holds loans and other assets not intended for disposal. This implies a heavy discount of 15 pence on the pound if banks sell the loans at that level. Banks make money also by charging the borrower a fee to provide loans, then sell the loans to third party investors. Reuters could not ascertain the exact size of the hit on the loans sold. On the flipside, loans sold by banks can generate attractive gains for buyers.

☆ Remote work hasn't actually saved Americans much time — they're mainly just working more
▼ + stars: | 2023-01-30 | by ( Madison Hoff | ) www.businessinsider.com time to read: +5 min

Not having to commute could mean getting to partake in leisure activities — or more time to get work done. A working paper looked at how people working from home are using their time saved by not commuting. In the US, 23 minutes of this time saved goes to jobs, 19 minutes on leisure, and four minutes on caregiving. Looking at just the results for these wealthy democracies, the US stands out for its lack of minutes saved. This isn't just the case for remote workers in the US; other countries like France also saw workers using most of their saved time on work.

[1/2] A trader works at the Frankfurt stock exchange in Frankfurt, Germany, February 22, 2022. REUTERS/Timm Reichert/File PhotoBERLIN/LONDON, Jan 27 (Reuters) - German web hosting firm IONOS is targeting a market capitalisation of up to 3.15 billion euros ($3.42 billion) in Europe's first major initial public offering (IPO) since sports car maker Porsche last September. Subject to regulatory approval of the IPO prospectus, the offer is expected to run from Jan. 30 to Feb. 7. IPO investors are typically offered a discount to a peer group in compensation for the risk of buying a new stock. Montabaur-based IONOS offers web hosting services and cloud applications to consumers and SMEs in countries including the United States, Germany, Britain, France, Spain and Poland.

☆ The Art Behind Supply Chains Is Front and Center at a Museum Exhibit
▼ + stars: | 2023-01-25 | by ( Liz Young | ) www.wsj.com time to read: +6 min

Newsletter Sign-up The Logistics Report Top news and in-depth analysis on the world of logistics, from supply chain to transport and technology. “What we wanted to do was to make the invisible visible, to look at the supply chain as a key part of how AI works,” Dr. Crawford said. “The best artists are all geometry and symmetrical work coupled with creativity, and that’s what supply chain is. Some of the artists on display in the MoMA gallery have gone on to create more work centered on supply chains. “When you start to do this research, you see everything differently and the precarity of the supply chain was made so clear to me,” she said.

☆ Bolivians turn out for opposition-backed 'national assembly' as protests could return
▼ + stars: | 2023-01-25 | by ( ) www.reuters.com time to read: +2 min

LA PAZ/SANTA CRUZ, Jan 25 (Reuters) - Bolivians nationwide are expected to participate in an opposition-led "national assembly" on Wednesday to discuss a slew of proposals, including whether to restart protests which ignited in December over the arrest of Santa Cruz Governor Luis Camacho. Camacho's home base of Santa Cruz, a relatively wealthy agricultural stronghold, is expected to turn out the fiercest support in favor of reinstating roadblocks, which would snarl trade within the country. Bolivians in La Paz are bracing for clashes with government supporters. Prosecutors charge Camacho, who was then a Santa Cruz civic leader, with creating the "power vacuum" behind the resignation of former President Morales. Reporting by Santiago Limachi, Sergio Limachi and Monica Machicao in La Paz and Juan Pablo Blacutt in Santa Cruz; Writing by Kylie Madry; Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.

☆ Insurer ASR to consider sale of bank acquired in Aegon deal, source says
▼ + stars: | 2023-01-23 | by ( Pablo Mayo Cerqueiro | ) www.reuters.com time to read: +2 min

LONDON/AMSTERDAM, Jan 23(Reuters) - Dutch insurer ASR (ASRNL.AS) will consider a sale of its banking arm after completing its acquisition of rival Aegon's (AEGN.AS) domestic operations, a source close to the matter told Reuters. The lending business, however, is likely to be put up for sale, given ASR's previous stance on banking operations, the source said on condition of anonymity because the discussions are private. ASR labelled its original banking arm, ASR Bank, as "non-core" in 2018 and sold part of it to rival Achmea the following year. Aegon Bank had 16.2 billion euros ($17.6 billion) in assets on its balance sheet at the end of 2021, with 735.2 million euros of equity. ASR paid 2.5 billion euros in cash for Aegon's Dutch operations, with Aegon to retain a 30% stake in the enlarged group.

☆ Monterey Park, police search for motive after mass shooting
▼ + stars: | 2023-01-23 | by ( Chantal Da Silva | Chantal Da Silva Is A Breaking News Editor For Nbc News Digital Based In London. | ) www.nbcnews.com time to read: +4 min

Authorities were hunting for a motive on Monday after the deadly shooting at a dance hall in Southern California that left 10 people dead, at least 10 others injured and residents of Monterey Park shaken. “The unimaginable happened in our community last evening," Monterey Park Mayor Henry Lo said in a statement on Sunday, calling the deadly shooting a "horrible tragedy." "The Monterey Park Police Department is asking for the public’s help in only utilizing 9-1-1 for emergency related calls," he said. Investigators near the scene of the shooting in Monterey Park. “I tried to reach her, but I didn’t get any response,” Monterey Park resident Vivian King told NBC News of a friend she last heard from earlier in the weekend.

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