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LONDON (AP) — Prime Minister Rishi Sunak is preparing to water down some of Britain's environmental commitments on Wednesday, saying the country must fight climate change without penalizing workers and consumers. “For too many years, politicians in governments of all stripes have not been honest about costs and trade-offs," Sunak said. U.K. greenhouse gas emissions have fallen by 46% from 1990 levels, mainly because of the almost complete removal of coal from electricity generation. The government had pledged to reduce emissions by 68% of 1990 levels by 2030 and to reach net zero greenhouse gas emissions by 2050. Automakers, who have invested heavily in the switch to electric vehicles, expressed frustration at the government's apparent change of plan.

Persons: Rishi Sunak, Sunak, backtrack, Prince William —, Doug Parr, ”, Parr, Mike Hawes, Lisa Brankin, Tara, Hargreaves Lansdown, ” Copp, Sadiq Khan, “ We’re, Suella Braverman, Alok Sharma Organizations: —, Conservative Party, United Nations General Assembly, Greenpeace, Society of Motor Manufacturers, Traders, Ford, ” Britain's, Labour, London’s Labour, BBC Locations: Britain, New York, London Uxbridge, Glasgow

LONDON (AP) — Prime Minister Rishi Sunak announced Wednesday that he’s delaying by five years a ban on new gas and diesel cars that had been due to take effect in 2030, watering down climate goals that he said imposed “unacceptable costs” on ordinary people. U.K. greenhouse gas emissions have fallen by 46% from 1990 levels, mainly because of the almost complete removal of coal from electricity generation. The government had pledged to reduce emissions by 68% of 1990 levels by 2030 and to reach net zero by 2050. Automakers, who have invested heavily in the switch to electric vehicles, expressed frustration at the government’s change of plan. Ford U.K. head Lisa Brankin said the company had invested 430 million pounds ($530 million) to build electric cars in Britain.

Persons: Rishi Sunak, Sunak, ”, Boris Johnson, backtrack, Prince William —, Will McCallum, Lisa Brankin, Richard Burge, Tara, Hargreaves Lansdown, Clee, Sadiq Khan, Alok Sharma, Peter Cox Organizations: —, Conservative Party, Former, United Nations General Assembly, Greenpeace, Ford, London Chamber of Commerce and Industry, Britain’s Conservatives, Labour, London’s Labour, BBC, Global Systems Institute, University of Exeter Locations: New York, Britain, London Uxbridge, Glasgow

☆ Salesforce is hiring over 3,000 people, despite axing 10% of staff in brutal job cuts earlier in 2023
▼ + stars: | 2023-09-15 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +2 min

Salesforce will look to hire around 3,000 new employees, CEO Marc Benioff told Bloomberg this week. The company announced plans to lay off 10% of its staff earlier this year in a major cost-cutting effort. Benioff is now urging former staff who joined other firms to return to the company. Millham told Bloomberg: "We have some very successful parts of our business right now, and we want a surge in those areas." Benioff told Bloomberg that he is hoping to attract significant numbers of "boomerangs" — employees who previously worked at Salesforce and moved to other firms — to return to the company in the new hiring drive.

Persons: Marc Benioff, Brian Millham, Millham, Ashley Stewart, Benioff Organizations: Bloomberg, Service, Bloomberg News, Employees Locations: Wall, Silicon, San Francisco, Salesforce

☆ Say goodbye to self-serve soft drinks at McDonald's
▼ + stars: | 2023-09-11 | by ( Nancy Luna | ) www.businessinsider.com time to read: +3 min

Self-serve soda fountains allow consumers to refill multiple times at fast-food restaurants. But, McDonald's said it is phasing out soda fountain machines in dining rooms across the US. The news was first reported by the State Journal-Register, citing several franchisees in Illinois. "McDonald's will be transitioning away from self-serve beverage stations in dining rooms across the U.S. by 2032," McDonald's said in a statement to Insider. " Self-serve soda fountains allow fast-food consumers to refill multiple times.

Persons: McDonald's, that's McDelivery, refills, Charlie Neibergall, Mikel Petro Organizations: Service, State, - Locations: Wall, Silicon, Illinois, Orange , California

☆ Aussie lender NAB to cut 222 back-office jobs, says trade union
▼ + stars: | 2023-09-07 | by ( Poonam Behura | ) www.reuters.com time to read: +1 min

The National Australia Bank Logo is seen on a branch in central Sydney, Australia, February 8, 2018. REUTERS/Daniel Munoz Acquire Licensing RightsSept 6 (Reuters) - National Australia Bank (NAB.AX) is planning to cut 222 back-office jobs, the Finance Sector Union (FSU) said in an emailed response to Reuters. FSU, a white-collar trade union, said NAB’s restructuring will impact its departments such as Personal Direct Lending, Technology and Operations, Corporate Finance and Client Coverage. "This means certain roles may no longer be required or need to be moved to support other teams." NAB reported a 5% jump in third-quarter cash earnings in August, including a decline in its margins due to higher home lending competition and deposit costs.

Persons: Daniel Munoz, Julia Angrisano, Poonam, Shilpi Majumdar, Devika Organizations: National, REUTERS, National Australia Bank, Finance Sector Union, FSU, Reuters, Technology, Corporate Finance, NAB, Australian, Commonwealth Bank of Australia, Westpac Banking Corp, Thomson Locations: Sydney, Australia, Bengaluru

☆ Deadly blaze in South Africa, recycling fast fashion and the British Museum’s theft scandal
▼ + stars: | 2023-08-31 | by ( ) www.reuters.com time to read: 1 min

Dozens of people are dead after a fire at a building in Johannesburg. The British Museum’s theft scandal is reigniting calls for the return of the Parthenon Marbles to Greece. Fast fashion tries to tackle its waste problem. Plus, Florida cleans up after Idalia and UBS warns of 3,000 job cuts. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices.

Organizations: Apple, Google, Reuters, UBS, Thomson, Reading, Museum, Credit Suisse Locations: Johannesburg, British, Greece, Florida, Reading Johannesburg

☆ The SAG-AFTRA strike is the best thing to happen to Cameo, the short-video app where celebs get paid to make clips for fans, since the lockdowns
▼ + stars: | 2023-08-28 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +4 min

Over 2,400 celebrities flocked to Cameo amid the SAG-AFTRA strike. AdvertisementAdvertisementShort-video request app Cameo has seen over 2,400 celebrities starting or reactivating their accounts since the actors' strike began in July, the company's CEO told CNN on Sunday. Cameo is an app where users can pay celebrities to make personalized short clips. Despite the recent influx of celebrities, Cameo has grappled with layoffs, axing 80 of its workforce in July and leaving the company with less than 50 employees, the Information reported. Galanis said at the time Cameo hired too many workers too quickly to "support both fan and talent demand during the pandemic lockdowns."

Persons: Fran Drescher, Alyssa Milano, Steven Galanis, Galanis, —, Cameo, Cheyenne Jackson, Milano, Raymond, Fred Stoller, Elijah Wood Organizations: SAG, Actors, Morning, CNN, Screen Actors, New York Times Locations: Hollywood

☆ Aussie lender NAB to cut 10% jobs in markets division, Australian Financial Review reports
▼ + stars: | 2023-08-27 | by ( ) www.reuters.com time to read: +1 min

The National Australia Bank Logo is seen on a branch in central Sydney, Australia, February 8, 2018. REUTERS/Daniel Munoz/File Photo Acquire Licensing RightsAug 28 (Reuters) - National Australia Bank (NAB.AX) is preparing to cut around 60 jobs of the 600-staff at its markets division and undertake a broad restructuring exercise across its seven business, the Australian Financial Review said on early on Monday citing sources. The country's second-biggest bank would begin the layoffs as early as this week but is yet to announce the changes internally, AFR said. Layoffs at NAB would include capital markets types working within its corporate and institutional banking unit, where its markets business sits with a team of about 600. Reporting by Poonam Behura in Bengaluru; Editing by Alison WilliamsOur Standards: The Thomson Reuters Trust Principles.

Persons: Daniel Munoz, AFR, Poonam, Alison Williams Organizations: National, REUTERS, National Australia Bank, Australian Financial, Commonwealth Bank of Australia, Westpac Banking Corp, NAB, Thomson Locations: Sydney, Australia, Bengaluru

☆ A cruise ship carrying Russian passengers was greeted with jeers and heckles in Georgia and was forced to leave the port early
▼ + stars: | 2023-08-01 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +4 min

Locals jeered at Russian passengers on a cruise ship in Batumi, Georgia on two separate occasions. A cruise ship with Russian passengers docked in Batumi, Georgia, was met with jeers from the locals protesting over the Ukraine war and over disputed territories currently occupied by Russia. Videos shared by Twitter users on Monday captured chaotic scenes of protestors in Georgia heckling the cruise ship after it arrived for the second time in five days. It will only stop when the Russian cruise ship leaves, hopefully earlier than scheduled." Local media outlet Formula News tweeted a video of protestors on Monday: "Protesters condemn the arrival of Russian cruise ship carrying pop stars and journalists supporting the Russian invasion of Ukraine in the Georgian port city of Batumi."

Persons: jeers, Helen Khoshtaria, Salome Zourabichvili Organizations: Morning, Radio Free, RFE, Twitter, Miray Cruises, RBC, Russia axing, UN, International Republican Institute Locations: Batumi , Georgia, Georgia, Russia, Ukraine, Georgian, Batumi, Russian, Europe, Republic of Georgia, Soviet Union, Abkhazia, South Ossetia

☆ Just 4 of Donald Trump's 44 former cabinet members have publicly endorsed his 2024 run
▼ + stars: | 2023-07-30 | by ( Katie Balevic | ) www.businessinsider.com time to read: +3 min

Very few members of Trump's former cabinet have endorsed his 2024 re-election campaign. NBC News reached out to over 40 former cabinet members, finding just 4 publicly endorsed Trump. Other former cabinet members burned by Trump are advocating against him. Only four of Trump's former cabinet members openly endorsed his re-election run, according to NBC News. "They're not friends; they're not hanging on forever," Barbara Perry, the director of presidential studies at the University of Virginia, told NBC.

Persons: Trump, Donald Trump's, Matthew Whitaker, Mark Meadows, Russell Vought, Richard Grenell, Bill Barr, he's, Barr, Joe Biden, NBC he'd, Mick Mulvaney, Mulvaney, They're, they're, Barbara Perry, Mike Pence, Pence Organizations: NBC, Trump, Service, NBC News, Republican, University of Virginia Locations: Wall, Silicon

☆ Daniel Ricciardo returns to F1 grid as Australian driver replaces Nyck de Vries at AlphaTauri
▼ + stars: | 2023-07-12 | by ( Matias Grez | ) edition.cnn.com time to read: +3 min

CNN —Daniel Ricciardo is making a surprising mid-season return to the Formula One grid, with the Australian driver replacing the struggling Nyck de Vries at AlphaTauri. Ricciardo, currently a Red Bull reserve driver, is being sent “on loan” to Red Bull’s feeder team for the remainder of the 2023 season, the team announced Tuesday. The 34-year-old, who will race for AlphaTauri in the next grand prix in Hungary on July 23, said he was “stoked to be back on track with the Red Bull family,” according to the F1 website. “It was great to see Daniel hasn’t lost any form while away from racing and that the strides he has been making in his SIM sessions translate on track,” Red Bull team principle Christian Horner said. After a fast start to the season, Perez has made the podium just once in the last five races.

Persons: CNN — Daniel Ricciardo, Vries, Ricciardo, “, ”, Bull, Lawrence Barretto, Daniel hasn’t, Red, Christian Horner, Daniel, ” Ricciardo, AlphaTauri –, Toro Rosso –, Red Bull, De Vries, Mark Thompson, Pierre Gasly, Toro Rosso, Alex Albon, ’ Sergio Perez, Max Verstappen, Perez Organizations: CNN, Red Bull, AlphaTauri, Scuderia AlphaTauri, Bull, Renault, McLaren, Red, Monaco Locations: AlphaTauri, Hungary, British

The moves should bolster efficiency at both firms, amid an already-stellar year for the two Club holdings. Apple surpassed a $3 trillion market capitalization last month, but has since pulled back to a valuation of $2.94 trillion. Meanwhile, WedBush recently forecasted that Microsoft could also join the $3 trillion club by early 2024 on the back of its artificial intelligence capabilities. This round of Microsoft layoffs is much smaller than the cuts the company announced earlier this year, so it probably doesn't move the needle. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: WedBush, ChatGPT, Tencent, Jim Cramer's, Jim Cramer, Jim, RYU Organizations: Microsoft, Apple, Nasdaq, CNBC, Federal Trade Commission's, Activision, Getty, Visual China Locations: China, Washington, India, Seattle , Washington

☆ People are dunking on JFK's half-assed Harvard admission essay in the wake of the Supreme Court axing affirmative action
▼ + stars: | 2023-06-30 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +4 min

The Supreme Court ruled to overturn race-based affirmative action on Thursday. After the ruling, many focused on John F. Kennedy's underwhelming 1935 Harvard admission essay. The essay, which was first published by The Washington Post in 2013, reappeared on social media on Thursday after the Supreme Court ruled that affirmative action in college admissions was unconstitutional. Although Kennedy's example was extreme and unlikely to cut muster today, US colleges do explicitly favor applicants whose parents went there, via the legacy system. Commentators — including President Joe Biden — on Thursday noted that the legacy system remained untouched by the court ruling.

Persons: John F, Kennedy's, Kennedy, —, — Rebecca Brenner Graham, SATs, Robert Kennedy, Joe Biden —, Ivy, Sonia Sotomayor Organizations: Harvard, Service, The Washington Post, Ivy League, Arts, Harvard Crimson, Harvard University Locations: America

CNN —The US House of Representatives on Wednesday voted to censure Rep. Adam Schiff, a key lawmaker in Democrats’ congressional investigations into former President Donald Trump during his presidency. As part of the censure procedure, Schiff stood in the well of the House floor, while House Speaker Kevin McCarthy repeatedly tried to read a brief rule about censure. Luna announced Tuesday she has secured the number of votes needed to censure and refer him to the House Ethics Committee. It shows you just who is behind this whole effort to distract from Trump’s legal problems is Trump,” Schiff told CNN. In that role, Schiff and the other impeachment managers detailed the House’s case for removing Trump from office at the Senate trial.

Persons: Adam Schiff, Donald Trump, Schiff, Trump, Michael Guest of, Dave Joyce of Ohio, Andrew Garbarino, John Rutherford of, Michelle Fischbach, Minnesota –, Ken Buck, Kevin McCarthy, McCarthy, Anna Paulina Luna, Luna, “, ” Luna, Brian Fitzpatrick, Thomas Massie, ”, ” Schiff, Trump’s Organizations: CNN, House Intelligence, GOP, Democratic, Florida Republican, Kentucky Republican, House Republicans, Republican, Trump, Senate Locations: Russia, Michael Guest of Mississippi, New York, John Rutherford of Florida, Minnesota, Colorado, California, Florida, Pennsylvania, Kentucky

☆ Some Disney insiders are questioning the company's appetite for 'rebellious innovation' after layoffs, despite its splashy Apple Vision Pro partnership
▼ + stars: | 2023-06-21 | by ( Lucia Moses | ) www.businessinsider.com time to read: +5 min

Disney's Apple Vision Pro partnership has stoked excitement and concern at the media company. AppleBut an innovation team that worked on Disney's Apple Vision Pro offering is being disbanded, with its founder and leader exiting the company as part of the cuts. Insider spoke to five current and recently exited Disney insiders about hopes and concerns regarding the Vision Pro project and the future of innovation at the company. Disney's Vision Pro partnership was its latest project. A source with knowledge of Disney's Vision Pro work said it's still ongoing and that there are other teams at Disney still working on that project.

Persons: Bob Iger, Iger, Dave Lankford, WWDC, Disney's, Dirk Van Dall, Mike White, it's, Aaron LaBerge, Jeremy Doig, Bob Chapek, DMED Organizations: Apple Vision, Insiders, Disney, DMED, Apple, Apple's Worldwide, Conference, Iger, Vision, Advanced, Netflix, Disney's, Hollywood, ESPN, Marvel, Geographic Locations: verticals

☆ Bob Iger announced exciting plans for Apple's Vision Pro headset, but after wide cuts, some are questioning Disney's appetite for 'rebellious innovation'
▼ + stars: | 2023-06-16 | by ( Lucia Moses | ) www.businessinsider.com time to read: +5 min

Disney's Apple Vision Pro partnership has stoked excitement and concern at the media company. "Mandalorian" footage in the Vision Pro demo. AppleBut an innovation team that worked on Disney's Apple Vision Pro offering is being disbanded, with its founder and leader exiting the company as part of the cuts. Disney's Vision Pro partnership was its latest project. A source with knowledge of Disney's Vision Pro work said it's still ongoing and that there are other teams at Disney still working on that project.

☆ The CEO of software giant Intuit, which has avoided mass layoffs, says tech firms axed jobs because they misread the pandemic
▼ + stars: | 2023-06-02 | by ( Shona Ghosh | ) www.businessinsider.com time to read: +4 min

Almost 300,000 staff have been laid off by tech firms since the start of 2022, per Layoffs.fyi. Those mass layoffs are down to companies misunderstanding the pandemic, says Intuit's CEO. "There's nothing for these people to do — they're really — it's all fake work," Rabois said at the time. However, Goodarzi told Insider that mass layoffs had in fact unnerved the remaining star talent at major tech firms, particularly in AI. Hiring, he said, had "actually become easier because of all the tech layoffs, because of the uncertainty the layoffs have caused."

Persons: miscalculating, Sasan Goodarzi, Goodarzi, Mark Zuckerberg, Zuckerberg, Keith Rabois, Elon Musk, Rabois Organizations: Intuit, Companies, Meta, Google, Facebook, Twitter

☆ Journalists at the nation’s largest newspaper chain are walking off the job in a showdown with its CEO
▼ + stars: | 2023-06-01 | by ( Oliver Darcy | ) edition.cnn.com time to read: +3 min

CNN —The biggest newspaper chain in the country is about to be rocked by the biggest walkout of its staff in history. On Monday, hundreds of Gannett journalists plan to stage a one-day strike during the media company’s annual shareholder meeting. The journalists want shareholders to take a vote of no-confidence against Mike Reed, Gannett’s chief executive. In a Thursday statement, Gannett referenced some of the industry challenges it has faced and strongly contested the allegations the NewsGuild-CWA are leveling against it. “Our leadership is focused on investing in local newsrooms and monetizing our content as we continue to negotiate fairly and in good faith with the NewsGuild.

Persons: Mike Reed, Reed, “ Reed, ”, Jon Schleuss, “, ” Cheryl Makin, “ We’re, Kaitlyn Kanzler Organizations: CNN, Gannett, CWA, Austin American, Statesman, Rochester Democrat, Chronicle, Morale, Home News Tribune Locations: Arizona Republic, Rochester, axing

☆ Vice staffers fear salary and severance payments could be impacted as the company moves closer to bankruptcy
▼ + stars: | 2023-05-09 | by ( Claire Atkinson | ) www.businessinsider.com time to read: +4 min

Vice is expected to file for bankruptcy, and some staffers fear salary or severance payments could be affected. The WGA East represents the Vice Union and said it will work to ensure members receive "everything owed." Vice has cut dozens of staff along with canceling its cable show "Vice News Tonight." Last month Vice said it was axing "Vice News Tonight," which once aired on HBO but shifted in 2019 to Vice's own cable channel, Vice TV. A second Vice insider said: "Hundreds of people lose their jobs and Shane gets his back?

☆ Novavax says it is axing 25% of its workforce to cut costs
▼ + stars: | 2023-05-09 | by ( Krystal Hur | ) edition.cnn.com time to read: +1 min

New York CNN —Novavax is laying off 25% of its workforce to slash expenses, the biotech company said Tuesday. Still, the Maryland-based company said it’s focused on updating its Covid vaccine for the fall vaccine season, citing a modified US government agreement for up to 1.5 million additional doses of its Covid vaccine for delivery this year. Novavax expects its broader cost reduction plan, which also includes measures to consolidate facilities and infrastructure, to cut costs by 40% to 50% compared to the previous fiscal year. The US public health emergency is set to end on May 11, meaning Americans could have to start paying out of pocket for Covid testing and treatment. Novavax is the latest company to reduce its headcount to cut costs as companies brace for a possible recession and scale back their workforce after pandemic-era hiring sprees.

☆ Big Tech jobs are on the line after Google, IBM, and Dropbox say they're leaning into AI
▼ + stars: | 2023-05-06 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

A number of corporations across tech, media, and finance have made major staff cuts this year. At the same, many companies are pivoting to invest more in AI — some even citing it as a reason for cutting jobs. Here are how some major companies are pivoting — and axing jobs — as part of an AI push. At the same time, the focus on AI could mean some jobs are wiped out entirely. It's hard to ignore that AI tools have already become proficient at several professional tasks that once fell under the domain of humans like writing emails, analyzing data, and even coding.

☆ UniCredit to use 300 mln euro charges for staff exits-sources
▼ + stars: | 2023-05-04 | by ( ) www.reuters.com time to read: +2 min

In reporting stronger-than-expected quarterly results, UniCredit on Wednesday raised its 2023 profit goal above 6.5 billion euros ($7.2 billion) and said the figure included 300 million euros in restructuring charges it would book mostly in the second quarter. UniCredit last year invited applications from staff who wanted to retire early and were within five years of qualifying for a pension. On Dec. 1 it signed an accord with unions and booked 239 million euros in charges to fund voluntary exits to be replaced by younger hires. Eager to protect its branch network, UniCredit allocated 80% of the 2022 early retirement packages to people from its central offices, raising complaints from unions, the source added. UniCredit underwent years of restructuring under CEO Jean Pierre Mustier, but cost cuts remain a key plank of new CEO Andrea Orcel's strategy.

☆ CEO of fitness band maker Whoop mocks the demise of Amazon's Halo health device
▼ + stars: | 2023-05-04 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +5 min

The CEO of Whoop, a fitness band favored by athletes, is claiming victory over Amazon after the e-retailer pulled the plug on its line of Halo devices. Amazon said last week it will discontinue its Halo health and fitness devices, and shut down the Halo program, resulting in some employees being let go. Whoop CEO Will Ahmed said he views the demise of Halo as a win for his startup. He claimed the Halo wristband, which tracks users' physical activity, sleep and mood, was a knockoff of Whoop's own device. Whoop launched its first product, the Whoop 1.0, in 2015.

NatWest said the reduction in its deposits, however, mainly reflected the axing of its underperforming Irish arm Ulster and higher customer tax bills. Deposits across its consumer, business and private bank nonetheless fell 11.1 billion pounds. NatWest, meanwhile, reported pretax profit that leapt 49% to 1.8 billion pounds ($2.24 billion), above an average of analyst forecasts of 1.6 billion pounds. Rising interest rates boosted NatWest's income by 29% to 3.9 billion pounds, but analysts said this narrowly missed expectations and they had hoped for an upgraded outlook. ($1 = 0.8028 pounds)Reporting by Iain Withers, Editing by Sinead Cruise and Lawrence WhiteOur Standards: The Thomson Reuters Trust Principles.

☆ The 7 theories for why Tucker Carlson got fired from Fox News
▼ + stars: | 2023-04-27 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +8 min

Tucker Carlson was axed by Fox News Monday, days after it settled Dominion's defamation lawsuit. Here are seven theories for why Fox News decided to part ways with Carlson. Since then, media industry insiders have been buzzing with different theories for why Carlson was pushed out. The C-wordWithin the Dominion lawsuit, there emerged a pattern of vulgar language spewed by Carlson throughout his time at Fox News. Rupert Murdoch (right) and Lachlan Murdoch at the US Open in 2018.

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