DIRS.INFO The most relevant business & tech news

☆ Greece’s reform labours are only half complete
▼ + stars: | 2023-06-05 | by ( Hugo Dixon | ) www.reuters.com time to read: +6 min

Greece’s large current account deficit and domestic corruption undermine its attraction as an investment destination. The issue, rather, is whether Greece will be able to attract investment in the quantities needed for it to fulfil its potential. What’s more, investment is still only 14% of national income, even though this measure expanded during Mitsotakis’ first term as prime minister. Well-designed tax and benefit reforms could even reduce the country’s unemployment rate, which is currently 12%, thereby increasing its productive potential. All this would provide a buffer if Greece or the world economy is hit by further shocks in coming years.

Persons: Hercules, Mitsotakis, Bruegel, Peter Thal Larsen, Oliver Taslic Organizations: Reuters, Union, International Monetary Fund, Bank of, Reuters Graphics Reuters, Twitter, Thomson Locations: ATHENS, Greece, Mitsotakis ’, Bank of Greece, Mitsotakis

We considered a 529 plan or UTMA to save money for our daughters' future. However, we aren't sure they'll pursue higher education, so we didn't use a 529 plan. Why we didn't choose a 529 plan to save for collegeAlthough a 529 plan is an extremely popular choice for caregivers looking to save for a child's college education, the funds can only be used for education expenses. High interest rate Check mark icon A check mark. For most people, a 529 or UTMA plan makes perfect sense.

Persons: —, Read, Taylor Sohns, that's Organizations: Service, Bask, Bask Bank, FDIC, Chevron, Texas Capital Bank, Reading Chevron, LifeGoal Investments, Payment, Fidelity

☆ 10 things Wall Street summer interns should know to snag a return offer, including how to fill the downtime and when it's not OK to go out for lunch
▼ + stars: | 2023-06-04 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +13 min

Wall Street's summer internship season is finally here — and the competition will be fierce. "I wouldn't be surprised if it's 70% or even less," he said of the return offer rates at the end of the summer. At the end of the summer, they may help determine who gets a return offer. "People just didn't know him, so they didn't have an opinion on him when they were making the decision about the return offer. "Assuming business professional-dressed student A and business casual-dressed student B perform equally well on the job, student A would be more likely to receive the return offer," Sibley said.

Persons: it's, Steve Sibley, They're, Sibley, don'ts, Goldman Sachs, David S, Holloway, Asif Rahman, Rahman, you'll, doesn't, I've, Gucci loafers, you've, You've Organizations: Indiana University's Kelley School of Business, Google, Wall Street Locations: New York City, San Francisco, snagging, dealmaking

☆ Isabel Allende Has a Message: History Repeats Itself
▼ + stars: | 2023-06-03 | by ( Lauren Fox | ) www.nytimes.com time to read: +1 min

THE WIND KNOWS MY NAME, by Isabel AllendeIf the measure of a civilization is the way in which it cares for its most vulnerable, by most standards, ours isn’t doing too well. Consider the record number of family separations at the U.S. border under President Donald J. Trump’s “zero tolerance” policy; as of February 2023, on the second anniversary of the creation of President Biden’s Family Reunification Task Force, close to 1,000 children still remained separated from their families. This travesty and tragedy is the engine of Isabel Allende’s new novel, “The Wind Knows My Name.” The deliberate cruelty of the bureaucracies that enforce the separations, and the enduring psychic wounds these ruptures inflict on children, are the novel’s foundation and its psychological backbone. All of the characters in this timely, provocative story carry the weight of painful history, and their lives converge near the end of the book.

Persons: Isabel Allende, Donald J, Biden’s, Isabel Allende’s Organizations: Task Force Locations: U.S

☆ A Delta flight made an unscheduled landing after an 'unruly' passenger was reportedly restrained by other travelers
▼ + stars: | 2023-06-03 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +2 min

A Delta flight had to divert to Canada after a passenger became unruly on the flight, the airline said. An airport official told WXYZ Detroit the passenger broke free of his restraints before the plane landed. A Delta flight made an unscheduled landing on Friday after a passenger reportedly became unruly and "broke free" of his restraints. "Delta has zero tolerance for unruly behavior, especially when it potentially compromises the safety of our customers and flight crew. Dena Haddad, a passenger on the flight, told WXYZ that the arrested man had been "violent and they wouldn't calm down."

Persons: DL97, Paris Charles, Paris Charles De Gaulle, Dena Haddad Organizations: WXYZ Detroit, Morning, Paris Charles De, Stephenville Dymond, Delta, Royal Canadian Mounted Police, Canadian, ABC, WXYZ, Stephenville Dymond Airport, Detroit Metro Airport, CNN, American Airlines Locations: Canada, Paris, Detroit, Stephenville, France, Detroit , Michigan, Newfoundland, Labrador

☆ Why Lululemon will fire employees if they try to stop thieves
▼ + stars: | 2023-06-02 | by ( Cadie Thompson | ) www.businessinsider.com time to read: +3 min

Lululemon has a zero-tolerance policy for employees engaging with thieves. Two former Lululemon employees said they were fired after calling police to report a robbery. Recently, two former Lululemon employees in Peachtree Corners, Georgia said they were fired from the retailer after calling the police to report a robbery. He also said that Lululemon employees are allowed to call the police. Like Lululemon, many retailers prohibit employees from engaging with thieves in order to keep the workers safe.

Persons: Lululemon, Calvin McDonald, —, McDonald Organizations: CNBC, Service, Employees, NBC News, National Retail Federation Locations: Peachtree Corners, Georgia

☆ The House Passed the Bill. Who Won?
▼ + stars: | 2023-06-01 | by ( David Leonhardt | ) www.nytimes.com time to read: +2 min

It is a short-term bill that lacks any attempt to solve the country’s long-term fiscal challenges through tax increases or changes to Medicare and Social Security. The House bill not only protects all the clean energy subsidies passed last year, but also includes a bipartisan priority known as permitting reform that has the potential to remove some of the bureaucratic obstacles to major clean-energy projects. “This is the thing the Climate Left keeps not acknowledging,” Matthew Yglesias wrote in his Substack newsletter this week. Instead, they led to a classic political deal that left untouched the major accomplishes of Biden’s first term. It is a reminder that he is the most successful bipartisan negotiator to occupy the White House in decades.

Persons: Biden, ” Matthew Yglesias Organizations: Social Security, Republicans, Republican Party, House Locations: Appalachian

☆ Conflict With the Far Right Shrouds Jerusalem’s Pride Parade
▼ + stars: | 2023-06-01 | by ( Isabel Kershner | ) www.nytimes.com time to read: +1 min

One ultraconservative member of the Israeli government had pledged to abolish the Jerusalem Pride and Tolerance Parade. Another far-right minister with a history of homophobia, Itamar Ben-Gvir, who now oversees the police, is tasked with securing it. The Jerusalem parade is normally a relatively staid annual tradition. But the event on Thursday is taking place at a fraught moment, five months after the most hard-line and religiously conservative government in Israel’s history took power. activists have reported a sharp increase in anti-gay abuse and violence in Israel in recent months, and say that they are expecting a large turnout for this year’s parade and bracing for possible violence.

Persons: Itamar Ben, Gvir, Ben, ” Locations: Jerusalem, Israel

☆ 4 financial tools that all parents should consider, whether their child is a newborn or a teen
▼ + stars: | 2023-06-01 | by ( Kelly Burch | ) www.businessinsider.com time to read: +5 min

Things such as life insurance and investments can help increase your child's financial security. These are the tools a financial planner said parents should consider. Get — or update — life insuranceHaving up-to-date life insurance is one of the most important things you can do to look out for your child. And that's the perfect time to open a Roth individual retirement account, a type of retirement savings account. "To determine what's best for them, parents should consider their financial goals, risk tolerance, and their child's potential needs," Lofton said.

Persons: Jenna Lofton, Lofton, doesn't, They'll, Roth, they're Organizations: College, Roth IRA

☆ Kids who live with pets may be less prone to food allergies, recent study shows—here's what an allergist says
▼ + stars: | 2023-06-01 | by ( Renée Onque | ) www.cnbc.com time to read: +1 min

The strongest benefit was seen in kids who lived with dogs that were kept inside of the house, and for families who owned pets during a child's fetal development and early infancy. Owning dogs during a child's early development was associated with a lower risk of milk, egg and nut allergies, according to the new study. There wasn't a strong association found between food allergies and ownership of birds, turtles and hamsters. Research thus far has been conflicting about if having pets while a child is young is actually helpful for preventing the development of food allergies, Kwiat tells CNBC Make It. "Some studies show that early exposure to furred animal dander does protect against food allergies.

Persons: Carolyn Kwiat Organizations: CNBC Locations: Mount Sinai

☆ Opinion: Why I won’t take my young Black son to a European soccer game
▼ + stars: | 2023-06-01 | by ( Opinion Keith Magee | ) edition.cnn.com time to read: +8 min

CNN —My little boy, who is not quite 9, would like to go to a professional football game here in Britain where we live. A 2021 survey found a third of ethnic minority football fans had experienced racism at stadiums, and in England and Wales, race-related hate crimes at matches are on the rise. Clubs whose fans or players commit hate crimes should have points deducted, impacting their position in their league. For national teams, racist behavior by fans or players should result in a tournament ban. While diversity among football players is high, representation off the pitch is shockingly poor at every level.

Persons: Keith Magee, I’m, Keith Magee Arron, Martin Luther King Jr, “, ”, Shaka Hislop, Vinícius Júnior, othered, Mesut Özil, Vinícius Organizations: Newcastle University, United, University College London Institute for Innovation, CNN, Black, Real Madrid, Football, United Nations, FIFA, UEFA, La Liga, Liga, Twitter, Facebook, German Locations: United Kingdom, Black Britain, Britain, Valencia, Spain, Europe, Italy, British, England, Wales, White

☆ Is indicted Chinese billionaire tycoon Guo Wengui secretly bankrolling George Santos's bail?
▼ + stars: | 2023-06-01 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +10 min

In recent months, he's become supportive of exiled Chinese tycoon and Republican patron Guo Wengui. There's a very strong chance that one person putting up the money — directly or indirectly — is the jailed exiled Chinese billionaire tycoon Guo Wengui. Even Ghislaine Maxwell and SBF didn't get this kind of secrecySantos certainly doesn't want us to know who these bond sponsors are. (An affinity for using multiple names, which are variations of each other, is something Guo shares with George Anthony Devolder Santos.) So, is Guo one of Santos's bail sponsors?

Persons: George Santos's, you'll, Santos, he's, Guo Wengui, —, George Santos, Ghislaine Maxwell, SBF didn't, Joanna Seybert, Jeremy A, Chase, Alexandra Settelmayer, Davis Wright Tremaine, Lokman Vural, Sam Bankman, Larry Kramer, Andreas Paepcke —, Lewis Kaplan, Jeffrey Epstein, Epstein, Maxwell, Guo, Steve Bannon, Forbes, Miles Kwok, Carlo Allegri, Bannon, Miles Guo, George Anthony Devolder Santos, Cait Corrigan, Santos didn't, Joe Murray, Guo didn't, Santos doesn't Organizations: Service, Rep, Republican, New York Times, US, Federal, Anadolu Agency, Getty, Stanford University, REUTERS, New Federal, Chinese Communist Party, Law Foundation, Law Society, Santos, Justice Department Locations: New York, Long, Santos, Washington, DC, Central Islip, Central Islip , New York, Manhattan, United States, China, New Federal State of China, New Federal State

☆ Erdogan intent on taking back Istanbul after presidential victory
▼ + stars: | 2023-05-31 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +6 min

CNN —Turkish President Recep Tayyip Erdogan has stretched his rule into a third decade after Sunday’s presidential election victory. Are you ready to win both Uskudar (a large district in Istanbul) and Istanbul in the local elections in 2024? Then let’s not stop.”By winning back Istanbul, Erdogan means having it governed by a mayor from his Justice and Development (AK) Party. Before beginning his term as prime minister in 2003, Erdogan was himself mayor of Istanbul between 1994 and 1998. The opposition beat Erdogan by nearly three points in both Istanbul and Ankara in Sunday’s presidential runoff.

Persons: Recep Tayyip Erdogan, Erdogan, ” Erdogan, Ekrem Imamoglu, Imamoglu, Kemal Kilicdaroglu, Berk, “ Imamoglu, ” Esen, you’ve, you’re, ” Imamoglu, ”, MetroPoll, Erdogan “, Soner Cagaptay, ” Cagaptay, Canan Kaftancioglu, Esen, “, Turkey ’ Organizations: CNN, Uskudar, ”, Istanbul, Development, Party, Welfare Party, AK Party –, Republican People’s Party, Sabanci University, “, Analysts, Electoral, Rights Watch, Washington Institute for Near East, Foreign Affairs, Union of Chambers, Commodity Exchanges, Erdogan’s Locations: Istanbul, Ottoman Empire, Turkish, Ankara, Sunday’s, CHP’s Istanbul, Izmir, Erdogan’s Istanbul, Turkey

☆ Former Lululemon employees say they were fired after calling police to report a robbery
▼ + stars: | 2023-05-30 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +4 min

Two former employees say they were fired for allegedly breaking store policy at a Lululemon store in Georgia. The women told local outlets they were fired two weeks after reporting a robbery to police. "We didn't really feel very protected or know what else to do," Rogers told local TV station 11Alive. Lululemon said in a later, expanded statement that the two employees weren't fired for calling the police. Update: May 30, 2023: This story has been updated with a new, expanded statement from Lululemon.

☆ Chinese apps remain hugely popular in the U.S. despite efforts to ban TikTok
▼ + stars: | 2023-05-29 | by ( Lauren Feiner | ) www.cnbc.com time to read: +15 min

But while TikTok has been the one in the spotlight, other Chinese apps that present similar issues are also experiencing massive popularity in the U.S. Gorman said as the U.S. considers the threat posed by TikTok, it will also need to develop a framework for how to evaluate the relative risk of Chinese apps. But in the meantime, U.S. consumers continue to turn to Chinese apps. "And then of course, there's the early growth of Lemon8, which suggests that the appetite for Chinese apps in the U.S. is still growing." And some say the most effective long-term solution for curbing the use of Chinese apps may be fostering an environment for robust alternatives to grow.

☆ Former Lululemon employees say they were fired for breaking store policy after calling police to report a robbery
▼ + stars: | 2023-05-27 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +3 min

Two former employees say they were fired for allegedly breaking store policy at a Lululemon store in Georgia. The women told local outlets they were fired two weeks after reporting a robbery to police. "We didn't really feel very protected or know what else to do," Rogers told local TV station 11Alive. The former employees said they are working through how to deal with the sudden firing financially, and hope Lululemon considers changing the policy. Company policy shared with Insider further indicates the women were likely fired for recording and interacting with the robbers, rather than for calling the police.

☆ Bidzina Ivanishvili: Credit Suisse ordered to pay $926 million to Georgia's former prime minister
▼ + stars: | 2023-05-26 | by ( ) edition.cnn.com time to read: +3 min

Credit Suisse was ordered to pay $926 million to Georgia’s former prime minister Friday for losing part of his fortune, in a Singapore court ruling that represents one of the biggest legal awards made against the bank. Credit Suisse (CSGKF) said it would appeal the decision. Billionaire businessman Ivanishvili, who was Georgia’s prime minister in 2012 to 2013, had placed $1.1 billion under the custodianship of Credit Suisse Trust in 2005, the court heard. It should have prevented Patrice Lescaudron, an adviser at Credit Suisse Trust in Singapore who was later convicted of fraud, from having access to them. AppealThe $926 million to be paid by Credit Suisse will be reduced by $79 million it had already paid in December.

☆ Shein partners with Reliance in major India comeback
▼ + stars: | 2023-05-26 | by ( Michelle Toh | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Shein is plotting a major comeback in India, nearly three years after it was booted out of the country. The fast fashion giant is partnering with the retail arm of Mukesh Ambani’s Reliance Industries, a Shein spokesperson confirmed Friday. “We can confirm Shein’s partnership with Reliance Retail and have no additional comment at this time,” a Shein spokesperson said. A powerful partnerIts new partnership with Reliance Retail, which bills itself as the country’s largest retailer, could be a game-changer. Shein has said it doesn’t have any suppliers in the Xinjiang region, and it has zero tolerance for forced labor.

Persons: Hong Kong CNN — Shein, Mukesh Ambani’s, Shein, Bain, “, Sania Farooqui Organizations: Hong Kong CNN, Industries, Wall Street, Financial Times, Reliance, Reliance Retail, Burberry, Apple, US Securities and Exchange Commission Locations: Hong Kong, India, Zara, China, Singapore, ”, Washington, Xinjiang, New Delhi

☆ Vinícius Jr.: Spanish soccer's inaction over racist abuse of Real Madrid star could prove costly for LaLiga
▼ + stars: | 2023-05-25 | by ( Matias Grez | ) edition.cnn.com time to read: +9 min

Except, this week, nobody is talking about the ‘beautiful game’ after the shameful racist abuse of Real Madrid star Vinícius Jr. sent LaLiga into crisis management mode. Instead, it must pass investigations into incidents of racist abuse onto local prosecutors, who deal with them as legal cases. 10 when nine previous incidents of racist abuse seemingly were not enough to spark meaningful action? Vinícius Jr. points to a fan in the stand who allegedly racially abused him during Real Madrid's match at Valencia. Fort says CEOs called Sepp Blatter to ask him to step down as FIFA president.

Hong Kong CNN —Cathay Pacific Airways said Tuesday it had fired three cabin crew members after a passenger complained of discrimination on a flight from mainland China, an incident that angered Hong Kong officials and underscored the pressure on the city’s flag carrier to please Beijing. In a statement late Tuesday announcing the dismissals, Cathay Pacific (CPCAY) CEO Ronald Lam said he would personally lead a task force to improve service and avoid similar incidents in the future. A passenger walking to a Cathay Pacific counter at Hong Kong's international airport in 2018. The airline made headlines this week over an incident of alleged discrimination with a passenger from mainland China. In an editorial, it said there was “a question mark on how far Cathay Pacific can fly if their old problems remain unchanged.”— CNN’s Nectar Gan and Chris Lau contributed to this report.

☆ What parents need to know about P2P payment apps as Venmo adds teen account
▼ + stars: | 2023-05-23 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +3 min

Maskot | Maskot | Getty ImagesApps are 'convenient,' but woes can be 'difficult to fix'Peer-to-peer payment apps, also known as P2P apps, are widely in use throughout the U.S. Teresa Murray, a consumer watchdog at the U.S. Public Interest Research Group, urges caution when using P2P apps. "There are real consequences if something goes wrong," she said. watch now"People use these P2P apps because they're convenient and they're easy," Murray said. Talk to your teens about moneyAs your teen learns about budgeting and payment apps, experts urge parents, it's important to discuss these topics with them at home.

Persons: Teresa Murray, PIRG, Murray, LendingTree, scammers, Desiree Kaul Organizations: Maskot, Getty, Consumer Reports, U.S . Public Interest Research, Consumer Financial, PayPal, CNBC Locations: U.S, Satellite Beach , Florida

☆ A fund manager for institutional clients shares the offensive and defensive strategies she uses to build portfolios that can navigate all conditions and last generations — plus what all investors can
▼ + stars: | 2023-05-22 | by ( Laila Maidan | ) www.businessinsider.com time to read: +7 min

Menon has discretion over several institutional clients' portfolios including endowments, foundations, pensions, and healthcare institutions. Regardless of expectations, Menon emphasizes that it's hard to build a portfolio around any particular macroeconomic outcome. This means creating a portfolio that prioritizes offensive assets through equities while adding defensive securities, she noted. When it comes to defensive positions, the two most important things a portfolio needs protection against are inflation and deflation. "Private equity would fall more in the space of offense in terms of generating long-term growth in a portfolio," Menon said.

☆ A husband hid $500,000 in bitcoin during a divorce — and got busted by a crypto hunter
▼ + stars: | 2023-05-20 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +23 min

Thumb drive-size devices, such as a Trezor or Ledger, offer another way to secure crypto tokens cold by safeguarding both the crypto itself and the keys to access it. Transfers of digital assets between chains has helped to expand the crypto market by giving people more ways to pay and transact. With crypto staking, investors typically vault their crypto assets with a blockchain validator, which verifies the accuracy of transactions on the blockchain. The tax implications are another major consideration when choosing how to divide crypto assets. I think the people that are interested in digital assets are going to continue to be interested in digital assets," she said.

☆ Brazil's finance minister signals potential change to inflation target timeline
▼ + stars: | 2023-05-19 | by ( ) www.reuters.com time to read: +1 min

BRASILIA, May 18 (Reuters) - Brazil's Finance Minister Fernando Haddad on Thursday suggested that the country's new government is looking at adjusting the timeline for achieving its inflation target. Haddad reiterated he favors "a continuous inflation target" rather than a calendar year-based target, saying Brazil and Turkey were the only two countries to use the latter. President Luiz Inacio Lula da Silva has advocated for higher inflation targets and a less stringent monetary policy. The central bank has cautioned that discussions about higher targets might have contributed to an increase in inflation expectations, helping keep interest rates high. The National Monetary Council, which comprises the finance minister, the planning minister and the central bank governor, is scheduled to convene in June to discuss inflation targets.

Step, a mobile banking platform geared toward teen customers, announced Wednesday that users may now earn 5.00% annually on savings balances of up to $250,000. View Full Details Start banking Step, FDIC Insured AccountStep - Banking for Teens Start banking Step, FDIC Insured Account Details Rewards Earn rewards by using a Step Visa Card at qualifying merchants — restaurants, clothing stores, gas stations, and more. Annual Fee $0 Recommended Credit No Credit Regular Annual Percentage Rate (APR) None Editor's Rating 4.2 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4.2 out of 5 Stars Pros & Cons Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Other savings account optionsIf you do not qualify to earn 5.00% at Step or want to consider other options, here are some accounts from our best savings account guide that you might like:Alliant Kids Savings Account: This is listed as our top pick for kids. Once a child turns 13, they'll be able to open a teen checking account; the Alliant Kids Savings Account can remain as their savings account.

Search resuls for: "Tolerance"

25 mentions found