DIRS.INFO The most relevant business & tech news

☆ US-China relations are 'on the brink of red lines' but war is still unlikely, says hedge fund legend Ray Dalio
▼ + stars: | 2023-10-04 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Hedge fund legend Ray Dalio said US-China relations are "on the brink of red lines." Even so, Dalio said he doesn't think a war between the US and China is likely. AdvertisementAdvertisementThe US and China relationship is "on the brink of red lines" — but war is unlikely, said hedge fund legend Ray Dalio at the Greenwich Economic Forum on Tuesday, according to a Bloomberg recording. That's the equivalent of declaration of war," said Dalio, who is the founder of hedge fund giant Bridgewater Associates. Dalio stepped down as Bridgewater's co-CIO in October last year but was involved in setting up the hedge fund's first onshore China fund in 2018.

Persons: Ray Dalio, Dalio, — Organizations: Service, Greenwich Economic, Bloomberg, Bridgewater Associates, Bridgewater's Locations: China, Taiwan, Greenwich, United States

☆ Billionaire investor Jeff Gundlach warns of a recession as markets roil: 'Buckle up'
▼ + stars: | 2023-10-04 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

"If the unemployment rate ticks up just a couple of tenths it will be recession alert," Gundlach wrote on X. AdvertisementAdvertisementBond-market turmoil could be a sign that a recession is on the way, Jeff Gundlach has warned. "The US Treasury yield curve is de-inverting very rapidly," Gundlach wrote in a post on X. That "should put everyone on recession warning, not just recession watch," he added. That's led to the gap in returns offered by 2- and 10-year Treasurys narrowing to just 33 basis points, for the tightest yield curve since late March.

Persons: Jeff Gundlach, Gundlach, Buckle, —, That's, –, David Lebovitz Organizations: DoubleLine, Service, Treasury, Federal Reserve, London School of Economics, JPMorgan

☆ Here are Tuesday's biggest analyst calls: Nvidia, Rivian, Amazon, Airbnb, Warby Parker, HP, FedEx and more
▼ + stars: | 2023-10-03 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Here are Tuesday's biggest calls on Wall Street: KeyBanc reiterates Nvidia as overweight KeyBanc raised its price target on Nvidia to $750 per share from $670 and said it sees "outsized growth." Bank of America adds FedEx to the US1 list Bank of America added the stock to its top picks list. "Upgrading Clean Energy Fuels (CLNE) from Outperform to Strong Buy, with the company on the cusp of ramping up in-house RNG production." JPMorgan reiterates Amazon as a top pick JPMorgan said ignore the noise and buy the dip in shares of Amazon. Bank of America initiates Dycom as buy Bank of America said in its initiation of the telecommunications infrastructure company that it's uniquely positioned.

Persons: KeyBanc, Ally, Evercore, bode, Stifel, Churchill, CHDN, Raymond James, Baird, Vestis, Piper Sandler, Tesla, IBKR, Morgan Stanley, Rivian, it's, Warby Parker, Booz Allen Hamilton, Goldman Sachs, Wedbush Organizations: Nvidia, Aclaris Therapeutics, ISI, Citi, Arista Networks, Arista, " Bank of America, FedEx, Bank of America, FedEx Corp, Owl Capital, Swift Transportation, Evercore ISI, TAM, Energy Fuels, JPMorgan, FTC, DOJ, HP Inc, underperform Bank of America, HPQ, UBS, Booz, of America, Emerson Electric, Warner Music Group, Apple, Constellation Brands Locations: China, CY23

☆ Investors like the high dividends and buybacks energy companies offer, but debt is starting to rise again
▼ + stars: | 2023-10-03 | by ( Brian Evans | ) www.cnbc.com time to read: +10 min

If oil prices stay high — and especially, if they breach $100 a barrel — the companies are well positioned. However, should oil prices fall and debt levels continue to rise, some companies have boxed themselves into a corner with very generous dividends and share repurchase programs. At the same time, operating cash flow has been declining. "What we're looking at is companies trying to bridge a little gap while operating cash flow is going down," said Mark Young, senior analyst at Evaluate Energy. "Since the end of 2020, operating cash flow has been able to cover all capital spending, dividend payments and share buybacks by itself.

Persons: Mark Young, Young, Conoco Phillips, Noah Barrett, Warren, Barrett, We're, Matt Smith, Smith, Jason Mountford, Brent, Goldman Sachs, Mike Wirth, Mountford, unprofitably, there's, that's Organizations: Energy, CNBC, Civitas Resources, Chevron, Exxon Mobil, Janus, Federal, Warren Pies, 3Fourteen Research, Investors, Conocophillips, Devon Energy, Exxon, Organization of Petroleum, Kplgr, Bank of America, Citigroup Locations: U.S, Wall, Saudi Arabia, Russia, Chevron

☆ El Chapo's sons bar fentanyl production in Sinaloa, according to banners
▼ + stars: | 2023-10-03 | by ( ) www.reuters.com time to read: +2 min

The U.S. government this year portrayed Los Chapitos, or "little Chapos", as the principal providers of fentanyl into the United States. Last month, Ovidio Guzman, the youngest of the four Los Chapitos brothers, was extradited to the United States. "The sale, manufacture, transportation or any type of business involving the substance known as fentanyl is strictly prohibited in Sinaloa," the banners said. In July, Sinaloan investigative outlet Riodoce reported that Los Chapitos had told producers in Culiacan, the state capital, to stop manufacturing fentanyl. Silva doubted Los Chapitos would stay away from fentanyl.

Persons: Joaquin, El, Guzman, Chapitos, Los Chapitos, Ovidio Guzman, Leo Silva, Silva, El Chapo's, Ismael, Zambada, Drazen Jorgic, Jamie Freed Organizations: MEXICO CITY, U.S . Drug Enforcement Administration, Thomson Locations: MEXICO, Sinaloa, Mexican, United States, Mexico, U.S, Culiacan, El Mayo

☆ El Chapo's sons ban fentanyl production in Sinaloa, according to banners
▼ + stars: | 2023-10-03 | by ( ) www.reuters.com time to read: +2 min

Russia has been bolstering its armed forces and ramping up weapons production in the expectation of a long war in Ukraine, where front lines have barely shifted for a year. "There are no plans for an additional mobilisation," Shoigu was shown telling top generals on state television. "The armed forces have the necessary number of military personnel to conduct the special military operation." Putin ordered a "partial mobilisation" of 300,000 reservists in September last year, prompting hundreds of thousands of young men to flee Russia to avoid being sent to fight. While Ukraine was able to win back territory last year from Russia in attacks which humiliated the Russian armed forces, this year has been different.

Persons: Anton Vaganov, Shoigu, Sergei Shoigu, Vladimir Putin, Wagner, Putin, Mark Milley, Milley, Dmitry Peskov, Guy Faulconbridge, Mark Trevelyan, Kevin Liffey, Nick Macfie Organizations: REUTERS, Defence, West, Belfer, Harvard Kennedy School, CNN, Kremlin, Thomson Locations: Russia, Ukraine, Leningrad Region, MOSCOW, Russian, That's, United States

☆ Ukraine is ramping up its drone attacks on Russian forces, hitting a record 220 targets last week, official says
▼ + stars: | 2023-10-02 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +2 min

Ukraine's "army of drones" is ramping up its attacks on Russian positions, a Ukrainian official said. Mykhailo Fedorov said drones hit a record 220 pieces of Russian military equipment last week. AdvertisementAdvertisementUkraine's "army of drones" has ramped up its attacks on Russian positions, hitting a record number of Russian tanks, trucks, and artillery last week, a Ukrainian official said. Last week, he posted data claiming that Ukrainian drones hit 205 pieces of Russian military equipment between September 18 and September 25. The Associated Press reported late last month that a 12-person Ukrainian drone squad claimed to have destroyed $80 million of Russian military hardware.

Persons: Mykhailo Fedorov, —, Fedorov Organizations: Service, Ukraine's, Digital Transformation, Drones, Ukraine's Army, Associated Press, AP Locations: Ukrainian, Ukraine, Russia

☆ El Chapo's Sons Bar Fentanyl Production in Sinaloa, According to Banners
▼ + stars: | 2023-10-02 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +2 min

Persons: Joaquin, El, Guzman, Chapitos, Los Chapitos, Ovidio Guzman, Leo Silva, Silva, El Chapo's, Ismael, Zambada, Drazen Jorgic, Jamie Freed Organizations: MEXICO CITY, U.S . Drug Enforcement Administration Locations: MEXICO, Sinaloa, Mexican, United States, Mexico, U.S, Culiacan, El Mayo

☆ Tesla's Cybertruck is still MIA
▼ + stars: | 2023-10-02 | by ( Nora Naughton | ) www.businessinsider.com time to read: +4 min

Details on Tesla's futuristic-looking Cybertruck are still sparse. AdvertisementAdvertisementThe Tesla Cybertruck still hasn't officially launched yet, missing CEO Elon Musk's third-quarter target. Details on the Cybertruck are still sparseSome Cybertruck order-holders have told Insider that they are concerned about how few details Tesla has shared with them on the Cybertruck. And this isn't just any Tesla vehicle launch: it's Tesla's entrance into the highly-competitive pickup truck market, where specs and prices are closely followed by shoppers. Tesla hasn't set a date for the Cybertruck launch partyIn late August, Tesla said customers could buy invitations to a Cybertruck delivery event using 30,000 referral credits, which owners accrue through Tesla purchases.

Persons: Elon Musk, —, hasn't, Elon Musk's, Tesla, Musk, Sam Fiorani, Fiorani, Ford Organizations: Service, Industry, AutoForecast Solutions, General Motors, Toyota

☆ Peak China may pose peak danger
▼ + stars: | 2023-10-02 | by ( Hugo Dixon | ) www.reuters.com time to read: +7 min

For example, last week it installed a floating barrier by a rocky outcrop in the South China Sea claimed by the Philippines - which Manila promptly removed. A war between the United States and China still seems unlikely - because both sides know that the economic and human costs of a clash could be catastrophic. The United States and its Western allies are also worried that China could browbeat Japan and South Korea, two nations economically important to them. Meanwhile, the United States and other allies are imposing controls on the export of technology such as advanced chips to the People’s Republic. What’s more, the United States is finding it hard to maintain an emollient message.

Persons: Kim Kyung, Joe Biden, Xi Jinping “, Biden, Victor Sebestyen, Xi, Michael Beckley, Beckley, Hal Brands, Vladimir Putin, ”, Donald Trump, Goldman Sachs, Tufts ’ Beckley, Una Galani, Streisand Neto Organizations: People's Bank of China, REUTERS, Reuters, Austro, South China, Beijing, Tufts University, Washington, San, Economic Cooperation, Tufts, Thomson Locations: Beijing, CHINA, Greece, China, Vietnam, U.S, Taiwan, United States, Germany, France, British, Ottoman Empire, Hungarian Empire, Ukraine, South China, South, Philippines, Manila, China’s, India, People’s Republic, Japan, South Korea, America, Pacific, Washington, Hanoi, San Francisco, Asia, Taiwan Strait

DES MOINES, Iowa (AP) — Former President Donald Trump heads to southeast Iowa Sunday in the middle of a fall campaign push aimed at locking in supporters with large organizing events. As he has with his other recent travels to the leadoff caucus state, Trump will campaign in an area that formerly supported Democrats but has embraced him. Trump was planning to headline an afternoon event in Ottumwa, where his campaign was expecting more than 1,000 potential supporters. The small city is a hub in eastern Iowa and the seat of Wapello County, one of 31 counties Trump carried in 2016 that Democrat Barack Obama had won four years earlier. Trump, the first Republican to capture the county since the Eisenhower administration, campaigned the week before in northeast Iowa.

Persons: Donald Trump, Trump, Barack Obama, Eisenhower, Democrat Joe Biden, Trump’s, Obama, Jonathan J, Cooper Organizations: DES, Trump, Republican, Democratic, Democrat, sparred, Associated Press Locations: DES MOINES, Iowa, Ottumwa, Wapello County, Jackson County, Mississippi, Dubuque County, Wapello, U.S, Canada, Mexico, California, Orange County, Southern California, Michigan, Macomb County , Michigan, Detroit, Macomb County, Anaheim , California

☆ Russia picked the Black Sea naval fight it's now losing to Ukraine, which doesn't even have a fleet of its own
▼ + stars: | 2023-09-30 | by ( Jake Epstein | ) www.businessinsider.com time to read: +9 min

Kyiv's forces have used these weapons to increase attacks on high-profile Black Sea Fleet targets. Russia's Black Sea Fleet warships take part in the Navy Day celebrations in the port city of Novorossiysk on July 30, 2023. A little over a week after the shipyard attack, Ukraine bombarded the nearby headquarters of the Black Sea Fleet during a meeting of Russia's naval leadership. Russia has also seemingly demonstrated poor judgment in assessing Ukraine's capacity to actually carry out such impactful strikes on Black Sea Fleet targets, Harvey said. "The Ukrainians are learning to adapt to a maritime theater and having a significant impact on the Black Sea Fleet without having a fleet," he said.

Persons: —, Adm, Tony Radakin, Vladimir Putin, STRINGER, it's, Sig, Russia, John Harvey Jr, Biden, Harvey Organizations: Service, Black, United Nations, White, Getty, Moscow, Black Sea Fleet, Liberian, Fleet, Leadership, Russia, Security Service, Ukraine, Special Operations Forces, US, US Fleet Forces Command, Emergency, Artillery, MGM, Tactical Missile Locations: Russia, Ukraine, Moscow, Novorossiysk, Palau, Russian, Ukrainian, Odesa, Kyiv, Kerch, Sevastopol, Crimean, Emergency Sevastopol, Crimea

☆ What could break under higher-for-longer interest rates?
▼ + stars: | 2023-09-29 | by ( ) www.reuters.com time to read: +5 min

Yet, the strain from interest rate hikes has just started to come through and with central banks signalling that rates will likely stay higher for longer, the notion of something "breaking" remains strong. Reuters Graphics Reuters Graphics1/ PROPERTY PAINNowhere is the impact of higher rates being felt more acutely than in real estate, still reeling from COVID-19. "We have many zombie companies in the United States and Europe from the low interest rates era, and I cannot imagine how they can survive now with high interest rates." Still, big question marks remain over their future, not least from a global property rout. Miller noted that European banks are also vulnerable given their bigger size relative to the economy that leaves them more exposed to risks from various pockets.

Persons: Jonathan Ernst, Heimstaden, Markus Allenspach, Julius Baer, Guy Miller, Miller Organizations: . Federal, REUTERS, Reuters Graphics Reuters, SBB, China Evergrande, HK, Federal, European Central Bank, Zurich Insurance, The Bank of Japan, Capital, Thomson Locations: Washington, Sweden, Europe, Stockholm, Berlin, CHINA, China, United States, Big U.S

☆ Clorox says production sites back up after August cyberattack
▼ + stars: | 2023-09-29 | by ( ) www.reuters.com time to read: +1 min

Sept 29 (Reuters) - Clorox (CLX.N) said on Friday all its manufacturing facilities resumed operations and it is ramping up production to restock inventories after a cyberattack last month disrupted the bleach maker's business. Clorox began transitioning back to automated order processing earlier this week, the producer of Pine-Sol cleaner said, adding that it would also maximize shipping and was working to fully restore operations back to normal. It comes after the company last week warned of a material impact on its first-quarter results due to shipping delays caused by the incident. Cybersecurity attacks have also hit other companies in recent weeks. Reporting by Deborah Sophia in Bengaluru; Editing by Shweta AgarwalOur Standards: The Thomson Reuters Trust Principles.

Persons: Clorox, Deborah Sophia, Shweta Agarwal Organizations: Casino, MGM Resorts International, Caesars Entertainment, Thomson Locations: Bengaluru

☆ Ukraine's relentless targeting of the Black Sea Fleet has disrupted Russia's efforts to block a key export
▼ + stars: | 2023-09-29 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

Ukraine has increased its attacks on Russia's Black Sea fleet in recent weeks. AdvertisementAdvertisementA recent spate of destructive Ukrainian attacks on Russia's Black Sea Fleet may have as much to do with Ukraine's economic prospects as its military tactics. AdvertisementAdvertisementUkraine's economic interest in the Black Sea is an added layer to the warfare already ongoing in the region. Ukraine has long had reason to target Russia's Black Sea Fleet, which plays a key role in launching long-distance missile strikes. Ukraine recently launched missile strikes on the Black Sea Fleet's headquarters in the city of Sevastopol.

Persons: —, Simon Miles, Miles, they've Organizations: Service, United Nations, Black, Duke University's Sanford School of Public, Soviet Union, UN, The New York Times, NATO, The Times, Ukrainian Locations: Ukraine, Russia, Crimean, Black, Soviet, Romania, Bulgaria, Turkey, Crimea, Sevastopol

☆ Trade between Russia and China is booming so much that shipping containers are ‘piling up’
▼ + stars: | 2023-09-29 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +3 min

CNN —Shipping containers from China are “piling up” in Russia amid a surge of Chinese goods flowing into the country as trade soars, a new analysis has found. Russia has an extra 150,000 shipping containers that importers are scrambling to return to China, logistics platform Container xChange said in a report released Thursday, citing information provided by a customer. “There is significant cargo movement from China into Russia but very scarce movement back to China from Russia. Containers are piling up in Russia which means that the secondhand container prices are very low in Russia,” CEO Christian Roeloffs said in the report. The type of goods exchanged is contributing to the surplus of shipping containers in Russia, according to Container xChange.

Persons: Christian Roeloffs, Vladimir Putin, Xi Jinping Organizations: CNN — Shipping, xChange, Imports, Organization of, Petroleum, International Energy Agency Locations: China, Russia, Ukraine, United States, Moscow, West, Beijing, India, Asia

☆ VinFast aims to sell up to 50,000 EVs in 2023 — but it has only hit 23% of its target so far
▼ + stars: | 2023-09-28 | by ( Sheila Chiang | ) www.cnbc.com time to read: +5 min

Lisa Baertlein | ReutersVietnamese electric vehicle maker VinFast's ambitious plan to deliver as many as 50,000 vehicles this year is "unrealistic," according to one analyst. VinFast said it expects to deliver 40,000 to 50,000 vehicles in 2023 despite a weak global economy. In April, Green SM launched a pure EV taxi service in Vietnam with VinFast models. "VinFast's ambitious EV plan seems unrealistic. For example, VinFast's VF9 model is priced from $83,000 whereas the Tesla Model X is priced from $68,590 after federal tax credit and gas savings.

Persons: Lisa Baertlein, VinFast, Vingroup, Green, David Byrne, Tesla, XPeng, Lê Thị Organizations: Reuters, Smart Mobility, Green SM, EV, LightStream Research, P Global Mobility, CNBC, Nasdaq, Our U.S, Tesla Locations: Los Angeles, Vietnam, U.S, North America, Europe, Asia, Middle East, Our, North Carolina

☆ Leaked screenshot shows Amazon is now tracking individual employee office attendance records, reversing its anonymized data policy
▼ + stars: | 2023-09-28 | by ( Eugene Kim | ) www.businessinsider.com time to read: +3 min

Amazon is now tracking and sharing individual office attendance records, a reversal of an old policy, as the company doubles down on forcing employees back into the office. Amazon employees in the US are now able to see a "Badge Report" on their own internal HR dashboard, according to a screenshot obtained by Insider. The report shows "days badged per week" data and the exact "days of week" each employee badged-in for each of the past 8 weeks. The report excludes data for non-corporate Amazon buildings, like warehouses, data centers, and 3rd party offices such as WeWork. The memo added badge data is not available to employees in Germany, France, Italy, the Netherlands, Luxembourg, Korea, or Taiwan.

Persons: Peter DeSantis, Rob Munoz, Munoz, Andy Jassy, it's Locations: Germany, France, Italy, Netherlands, Luxembourg, Korea, Taiwan

REUTERS/Florence Lo/Illustration/File photo Acquire Licensing RightsLONDON, Sept 27 (Reuters) - China's appetite for base metal imports appears to be growing. FROM RUSSIA WITH LOVEChina's imports of primary aluminium surged to a near two-year high of 153,000 metric tons in August, bringing the year-to-date count to 755,000 metric tons. SLOW COPPER BOAT TO SHANGHAIRefined copper imports were 340,000 metric tons in August, the highest monthly tally this year. The country's refined zinc trade has reverted to net imports this year but volumes remain modest by historical standards. SHIFTING THE NICKEL MIXThere has been no pick-up in China's imports of refined nickel.

Persons: Florence Lo, they've, They've, China's, David Holmes Organizations: REUTERS, Shanghai Futures Exchange, London Metal Exchange, LOVE, Malaysian, New, Democratic, China's CMOC, Reuters, Thomson Locations: China, contango, Shanghai, RUSSIA, U.S, New Zealand, SHANGHAI, Democratic Republic of Congo, DRC, Indonesia

☆ Indonesia spoils TikTok’s Southeast Asia party
▼ + stars: | 2023-09-28 | by ( Anshuman Daga | ) www.reuters.com time to read: +4 min

Sandy Saputra, 19, who is one of TikTok's biggest Indonesian stars, uses his smartphone to record a video using the app in Jakarta, Indonesia, July 24, 2020. REUTERS/Willy Kurniawan - RC2PMI9KGQ5Q Acquire Licensing RightsSINGAPORE, Sept 28 (Reuters Breakingviews) - June must now feel like an alternate reality to TikTok CEO Shou Zi Chew. On Wednesday, though, President Joko Widodo’s administration banned e-commerce transactions on social media platforms. Indonesia is key to TikTok’s hopes of growing its e-commerce sales in Southeast Asia. CONTEXT NEWSIndonesian authorities on Wednesday announced new regulations that bar social media companies from conducting direct e-commerce sales on their platforms.

Persons: Sandy Saputra, Willy Kurniawan, Shou Zi Chew, Joko, Zulkifli Hasan, TikTok, “, GoTo, Antony Currie, Katrina Hamlin Organizations: REUTERS, Rights, Reuters, Trade, HK, Wednesday, Thomson Locations: Indonesian, Jakarta, Indonesia, Rights SINGAPORE, Southeast Asia, Singapore

☆ Mark Zuckerberg unveils new AI assistants embodied by celebs like Tom Brady and Kendall Jenner that have individual personalities
▼ + stars: | 2023-09-27 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

Many of the AI assistants resemble celebrities including Kendall Jenner and Tom Brady. Meta's AI assistants will be able to act as an older sister, opinionated sports debater, and a golf instructor. Enter the celebsMany of the AI assistants even have celebrity personas that can talk and sound similar to them. AdvertisementAdvertisementMeta's other AI assistants are played by celebrities like Tom Brady, Kendall Jenner, Naomi Osaka, Chris Paul, Charli D'Amelio, Israel Adesanya, and Roy Choi. AdvertisementAdvertisementZuckerberg said the AI assistants will begin rolling out in beta on Wednesday, ramping up to a wider release in the coming days.

Persons: Mark Zuckerberg, Kendall Jenner, Tom Brady, —, Zuckerberg, Victor, Dwyane Wade, Amber, Paris Hilton, Snoop, Naomi Osaka, Chris Paul, Charli D'Amelio, Israel Adesanya, Roy Choi, aren't, ramping Organizations: Meta, Service, NBA, Paris, Street Journal, Facebook

☆ Ukraine says it moved a missile factory out of the country so that Russia can't blow it up
▼ + stars: | 2023-09-27 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

Ukraine moved a missile plant abroad to protect it from Russian attacks, a Ukraine official said. Ukraine has made ramping up its own ammunition production a key priority going forward. AdvertisementAdvertisementUkraine said it has shifted part of its domestic missile production facilities abroad after Russia struck a Ukrainian assembly plant, according to Spanish media. He also declined to give specifics on Ukraine's missile program. "In such a situation, it is logical to have more sites of ammunition production," he said.

Persons: Oleksiy Danilov, —, Danilov, Rustem Umerov, Umerov, Sergej Sumlenny, Sumlenny Organizations: Service, National Security and Defense, of, Spanish, ABC, Ukrainian Radio, Russian, Ukrainske Radio, Resilience Initiative Locations: Ukraine, Russia, Ukrainian, of Ukraine, Russian, Crimea

☆ Yelp has recorded every restaurant and business with suspicious reviews. See if your favorite spot is on the list.
▼ + stars: | 2023-09-27 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +3 min

In a Yelp survey, 9 out of 10 people said they read online reviews to inform their buying decisions. Previously, these alerts have been only temporarily listed on the the businesses' Yelp pages. Seventy percent of respondents said it's rare for them to visit a new business without looking at online reviews firstYelp has been plagued with fake or manipulated reviews for years. A 2013 study found that 20% of all Yelp reviews at the time were fake. AdvertisementAdvertisementCheck out Yelp's index of flagged businesses here to see if your favorite establishment made the list.

Persons: — Organizations: Service, Federal Trade Commission, Apple, Facebook, Walmart, Target, FTC

CNN —Germany announced Wednesday that it is ramping up its border controls with neighboring Poland and the Czech Republic to “limit human trafficking,” as the country faces fierce debate on its migration policy while asylum applications surge. Police will carry out “additional flexible checks and mobile controls along the smuggling routes at the borders with Poland and the Czech Republic,” Interior Minister Nancy Faeser told the press. The announcement came as the interior minister raised the possibility of implementing fixed controls along the borders with its two eastern neighbors this week. Until now, the southern state of Bavaria on the Austrian border was the only part of Germany with stationary border controls, a legacy of the 2015-2016 migration crisis when Europe’s leading economy took in over a million refugees. “We are fighting to keep internal border controls open within the European Union.

Persons: CNN —, Nancy Faeser, Lisi Niesner, Chancellor Olaf Scholz’s, Faeser, Italy –, Berlin’s, ” Alexander Handschuh, Handschuh, Angela Merkel’s Organizations: CNN, Police, ”, Immigration, Scholz’s Social Democratic Party, European Union, Office, Migration, Refugees, German Federal Police, German Association of Towns Locations: Poland, Czech Republic, Czech, Bavaria, Austrian, Germany, Polish, Forst, Hesse, Italy, Berlin, –, Brussels, “, Ukraine, Municipalities

Search resuls for: "Ramping"

25 mentions found