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☆ The Birkin bag is not just the ultimate fashion symbol — it's one of the best luxury investments out there
▼ + stars: | 2023-07-17 | by ( Nidhi Pandurangi | ) www.businessinsider.com time to read: +3 min

Jane Birkin died in Paris on Sunday at age 76. Because, for me, the Birkin bag — which retails for anywhere from $10,000 to $250,000 for the more high-end designs — primarily represents a store of value. The value of gold rose by about 2% on average over the 35 years. And I, for one, can't stop from marveling that all this was spurred from a chance conversation between Jane Birkin and an Hermès executive back in 1980. The singer and actor who inspired Hermès' signature bag died on Sunday at age 76.

Persons: Jane Birkin, Birkin, scoffed, Jane Birkin's, Hermès, Baghunter Organizations: Service, Credit Suisse, Deloitte, Dow Locations: Paris, Wall, Silicon, Mumbai

☆ In Battle With Microsoft, Google Bets on Medical AI Program to Crack Healthcare Industry
▼ + stars: | 2023-07-08 | by ( Miles Kruppa | Nidhi Subbaraman | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/in-battle-with-microsoft-google-bets-on-medical-ai-program-to-crack-healthcare-industry-bb7c2db8

Persons: Dow Jones Organizations: microsoft

☆ Exclusive: India refiners start yuan payments for Russian oil imports -sources
▼ + stars: | 2023-07-03 | by ( Nidhi Verma | ) www.reuters.com time to read: +5 min

It could not immediately be determined how much Russian oil Indian refiners have bought with yuan, although Indian Oil has paid in yuan for multiple cargoes, sources said. The rise in yuan payments has given a boost to Beijing's efforts to internationalise its currency, with Chinese banks promoting its use specifically for Russian oil trade. Indian refiners have also settled some non-dollar payments for Russian oil in the United Arab Emirates' dirham, sources have said. One private refiner has also been using the same mechanism for payments for Russian oil, one of the sources said. Another state refiner, Bharat Petroleum Corp Ltd (BPCL.NS), is also exploring yuan payment for Russian oil, a separate source said.

Persons: IOC's, Rosneft, Nidhi Verma, Tony Munroe, Tom Hogue Organizations: U.S, Indian Oil Corp, Reliance Industries Ltd, Nayara Energy, HPCL Mittal Energy Ltd, Oil, Gazprom Neft, Reuters, United Arab, State Bank of India, NS Bora, Sun Ship Management, European Union, IOC, ICICI Bank, Bank of China, Bharat Petroleum Corp Ltd, Thomson Locations: DELHI, Russia, Moscow, Ukraine, India, China, Saudi Arabia, Indian, Dubai, United Arab Emirates, Iraq, United Kingdom, Bank, Rosneft, ICICI

☆ Lots of American millennials still depend on the bank of mom and dad — but they also say their parents are bad financial role models
▼ + stars: | 2023-06-28 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

Many American millennials and Gen Z depend on their parents for money. Experian surveyed 2,008 US millennials and Gen Z and found that 54% of them are dependent on their parents. About 60% of those in Gen Z said they depend financially on mom and dad. Millennials' financial woes have been well documented, but there are two interesting twists in this study:They don't feel great asking their parents for financial support. They're asking their parents for financial help, but they don't agree with their parents' financial habits.

Persons: —, Experian, millennials, Gen Z, Millennials, Nidhi Pandurangi Organizations: Service, Census Bureau

☆ India's Russian oil buying scales new highs in May
▼ + stars: | 2023-06-21 | by ( Nidhi Verma | ) www.reuters.com time to read: +2 min

India, the world's third biggest oil consumer and importer, buys more than 80% of its oil from overseas markets. Its refiners have been gorging on Russian oil since the West imposed sanctions over Moscow for its invasion of Ukraine. India imported 801,400 bpd of Iraqi oil in May, down about 13.7% from April, while supply from Saudi fell 15% to 616,100 bpd, the data show. India's overall May oil imports rose marginally from April to 4.8 million bpd, the data showed. India's oil imports from various regionsOPEC's share of India's oil imports in May fell to a record low of 42.6% and averaged 44.3% in the first two months of this fiscal year, the data showed.

Persons: Nidhi Verma, Jason Neely Organizations: Thomson Locations: DELHI, Iraq, Saudi Arabia, India, Moscow, Ukraine, Saudi, Russia

☆ Ozempic Might Help You Drink and Smoke Less
▼ + stars: | 2023-06-18 | by ( Nidhi Subbaraman | Daniela Hernandez | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/ozempic-might-help-you-drink-and-smoke-less-a2354ce7

Persons: Dow Jones

☆ The Cheaper Weight-Loss Alternative Riding the Ozempic Wave
▼ + stars: | 2023-06-14 | by ( Nidhi Subbaraman | ) www.wsj.com time to read: 1 min

Persons: Dow Jones

☆ Apple may be diversifying supply chains away from China — but it's still relying on the country's suppliers to build the Vision Pro headset
▼ + stars: | 2023-06-14 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

Apple's diversifying supply chains away from China, but it's still using Chinese firms to make the Vision Pro. Apple's Vision Pro has been exciting investors since its reveal, sending the company's shares soaring. Tech giant Apple has been trying to diversify its supply chains away from China — but it appears there's no getting away from the manufacturing powerhouse. According to Wellsenn, the list shows eight Chinese companies involved in the making of Apple's Vision Pro headset. And despite the internet's derision about the gadget's hefty price tag and its goofy aesthetics, the Vision Pro itself has been exciting investors.

Persons: Wellsenn, Cowell, Taiwan's Foxconn, Zinya, Nidhi Pandurangi Organizations: Tech, Apple, Vision, Apple's, Cowell e Holdings, Samsung, LG, Sony Locations: China, India

☆ What you need to know about the 48-hour Reddit user blackout, which kicks off today and affects more than 7,000 subreddits
▼ + stars: | 2023-06-12 | by ( Nidhi Pandurangi | ) www.businessinsider.com time to read: +4 min

As of press time, the moderators of 7,266 subreddits are expected to stage a blackout on Monday, according to a Reddit post. Why are Reddit users protesting right now? According to the ELI5 post, these third-party apps scraped Reddit posts by using something called the Application Programming Interface, or API. How are Reddit users protesting? Reddit users are protesting by making certain subreddits inaccessible to users for 48 hours.

Persons: —, Reddit's, Reddit Organizations: BBC

☆ How a quest for identity made China the luxury powerhouse that it is today
▼ + stars: | 2023-06-09 | by ( Nidhi Pandurangi | ) www.businessinsider.com time to read: +5 min

"Traditions provide identity. As CCP has destroyed Chinese traditions, luxury brands step in to provide that," he tweeted. Consider this: The country's luxury market is set to hit 816 billion yuan, or $115 billion, by 2025. "Traditions provide identity. Rapid urbanization and consumerism did more to fuel China's luxury boom than a lack of religion, he said.

Persons: Desmond Shum, —, That's, PwC, Bernard Arnault —, Shum —, Shum, Simon & Schuster, Pierre Xiao Lu, Lu, Karl Gerth, Gerth, Yuwan Hu, Chanel, Dior, Louis Vuitton Organizations: CCP, Service, Privacy, Shanghai's Fudan University, Wharton, University of California, Daxue Consulting Locations: China, Europe, Today's China, San Diego, Beijing

☆ A New York supermarket billionaire said he wants to buy CNN and that he just wants $1 per year for it
▼ + stars: | 2023-06-09 | by ( Nidhi Pandurangi | ) www.businessinsider.com time to read: +2 min

New York supermarket billionaire John Catsimatidis said he wants to buy CNN, per the New York Post. "I'd go run the place tomorrow morning, and all I'd want is $1 per year and a piece of the upside," he said. Catsimatidis — an outspoken Trump supporter — has a net worth of $4.1 billion, per Forbes. Just two days after embattled CNN CEO Chris Licht stepped down from his role in the aftermath of a brutal profile of his leadership, a New York supermarket billionaire said he wants to buy CNN from its parent Warner Bros. That is the craziest thing in the world," Catsimatidis — an outspoken Trump supporter — told 77 WABC.

Persons: John Catsimatidis, Catsimatidis, Trump, —, Chris Licht, Sid Rosenberg, Catsimatidis —, Forbes —, Donald Trump's, Donald Trump Organizations: CNN, New York, Forbes, Morning, Warner Bros ., WABC, Wall Street Journal, Warner Bros Locations: York, New York, New York City

☆ In Japan, you can pay a startup $144 to quit your job on your behalf
▼ + stars: | 2023-06-09 | by ( Nidhi Pandurangi | ) www.businessinsider.com time to read: +2 min

Japanese startup Exit will quit your job and confront your boss for you for $144. Employers "try to make you ashamed and guilty that you quit your job in less than three years," the cofounder told Al Jazeera. Japanese culture — with deep-rooted practices for lifetime employment — sees success as a long-term commitment. That's the exact sentiment one company is capitalizing on: For 20,000 Japanese yen, or $144, a Japanese startup called Exit will quit your job for you. Exit's story began in 2017 when cofounder Toshiyuki Niino was trying to quit a job he was unhappy at, Al Jazeera reported.

Persons: Al Jazeera, —, Toshiyuki Niino, Niino, Yuichiro Okazaki Organizations: Employers, Service Locations: Al, Al Jazeera, Japan

☆ Google is telling office workers in NYC to work from home as smoke covers the East Coast and air quality hits unhealthy levels
▼ + stars: | 2023-06-08 | by ( Nidhi Pandurangi | ) www.businessinsider.com time to read: +3 min

In a memo to staff on Wednesday, Google told office workers in NYC to work from home, per CNBC. Company site leads in New York said air quality in many parts of the region had reached "unhealthy" levels. As the sky in New York City turns orange from Canada's wildfire smoke and air quality reaches unhealthy levels, Googlers have been told to work from home. Google's memo told staffers to remain indoors, "avoid vigorous physical activity," and run their air conditioners with clean filters, CNBC reported. The US government has issued air quality warnings across the Midwest and Northeast, telling people to limit time spent outdoors.

Persons: Googlers, —, Google's, John F Organizations: Google, CNBC, Company, Morning, New York City, D.C, Federal Aviation Administration, LaGuardia Airport, Newark Liberty International, Kennedy International Locations: Canada, New York, Detroit, Washington, Virginia, Pittsburgh, North Carolina, Toronto, Waterloo, Midwest, Northeast

☆ Salesforce wants employees back in the office so badly that it's donating $10 to local charities for every day an employee comes into work
▼ + stars: | 2023-06-07 | by ( Nidhi Pandurangi | ) www.businessinsider.com time to read: +2 min

Salesforce really wants its employees back in the office. It's willing to fork out up to $2.5 million in return for employees showing up to the office, Fortune reported. The company said it will donate $10 to a local charity per day an employee shows up between June 12 and June 23. Salesforce aims to raise between $1 million and $2.5 million through these efforts. The company previously required 65% of its workforce to come to the office three or four days a week, per Gizmodo.

Persons: Salesforce, Fortune, —, Gizmodo, Marc Benioff Organizations: Service, Fortune, Company, CNBC, Good

☆ Media mogul Martha Stewart isn't a fan of remote work: 'You can't possibly get everything done working three days a week in the office and two days remotely'
▼ + stars: | 2023-06-06 | by ( Nidhi Pandurangi | ) www.businessinsider.com time to read: +3 min

'You can't possibly get everything done working three days a week in the office and two days remotely,' she told Footwear News in a recent interview. A remote work vs return-to-office war has been brewing for years between employees and employers. "You can't possibly get everything done working three days a week in the office and two days remotely," she told the publication. "I continued to work five days a week" during the COVID-19 pandemic, she told the media outlet. Getting employees back to the office wasn't the only business advice Stewart shared with Footwear News.

Persons: Martha Stewart, —, Stewart, That's, Stewart —, Abbie Shipp, Insider's Rebecca Knight, Goldman Sachs, decaf Organizations: Service, Footwear, Wall Street, Neeley School of Business, Texas Christian University, Apple, Disney, JPMorgan Locations: France, Bedford , New York

☆ The internet is losing it over Apple's $3,500 mixed-reality 'uncool' headset
▼ + stars: | 2023-06-06 | by ( Reena Koh | Nidhi Pandurangi | ) www.businessinsider.com time to read: +4 min

Apple's new mixed-reality headset, the Vision Pro, was unveiled on Monday. The internet has been having a field day dunking on Apple's new $3,499 mixed-reality headset, the Vision Pro. Vision Pro has been years in the making, reportedly with some setbacks and product-design compromises along the way. Yet, it may have one fatal flaw — the Vision Pro was just another pair of nerd goggles that would make most people look decidedly uncool, Insider's Alistair Barr wrote on Tuesday. "This sounds like the disappointed crowd from Wii sports," a tweet about the viral video said.

Persons: Insider's Nicholas Carlson, Insider's Alistair Barr, Apple's, barreling, gwyneth paltrow, Anne Hathaway, It's, Steve Jobs, — Robert Evans, Robert Evans Organizations: Vision, Morning, Worldwide, Twitter, Wii, Apple Locations: Cupertino

☆ The internet is losing its shit over Apple's $3,500 mixed-reality 'uncool' headset
▼ + stars: | 2023-06-06 | by ( Reena Koh | Nidhi Pandurangi | ) www.businessinsider.com time to read: +4 min

Apple's new mixed-reality headset, the Vision Pro, was unveiled on Monday. The internet has been having a field day dunking on Apple's new $3,499 mixed-reality headset, the Vision Pro. Vision Pro has been years in the making, reportedly with some setbacks and product design compromises along the way. Yet, it may have one fatal flaw — the Vision Pro is just another pair of nerd goggles that will make most people look decidedly uncool, Insider's Alistair Barr wrote on Tuesday. And ever since the announcement, people have been relentlessly mocking Apple's first major product launch in over eight years.

Persons: Insider's Nicholas Carlson, Insider's Alistair Barr, Apple's, AppleVisionPro, barreling, gwyneth paltrow, that's, Anne Hathaway, It's, Steve Jobs, — Robert Evans, Robert Evans Organizations: Vision, Morning, Worldwide, Twitter, Wii, VR, Apple Locations: Redfin, Cupertino

☆ For Gen Z in Japan, a smile is worth $55. Hour-long classes aim to teach students how to smile again without a mask.
▼ + stars: | 2023-06-05 | by ( Amanda Goh | Nidhi Pandurangi | ) www.businessinsider.com time to read: +3 min

After getting used to wearing masks, Gen Z Japanese students are taking classes to learn how to smile. A private, hour-long smiling lesson with Kawano costs 7,700 Japanese yen, or $55. REUTERS/Kim Kyung-Hoon"People have not been raising their cheeks under a mask or trying to smile much," Kawano told the New York Times in early May. "People train their body muscles, but not their faces," Kawano told the Times. A private, hour-long lesson with her costs 7,700 Japanese yen, or $55, per Reuters.

Persons: Gen, Keiko Kawano, —, Himawari Yoshida, Kim Kyung, Kawano, Yoshida, Yamaguchi Organizations: Service, Reuters, Sokei Art School, REUTERS, New York Times, Kawano, Smile, IBM Japan, Times, NHK, Chuo University Department of Psychology Locations: Japan, Tokyo

☆ An 'unliveable shack that must be demolished' just sold for $1.1 million in Sydney after a bidding war. It shows how messed up Australia's housing market has become.
▼ + stars: | 2023-05-24 | by ( Nidhi Pandurangi | ) www.businessinsider.com time to read: +3 min

An "unliveable shack that must be demolished" in a Sydney suburb just sold for $1.1 million. The Australian property market has been on a red-hot streak — home prices rose for a second straight month in April. The pricing guide was AU$1.2 million, and bidding started at AU$1.25 million, according to a video of the bidding posted on YouTube. On May 18, a "dilapidated" home in Paddington, an upscale suburb in eastern Sydney, sold for AU$1.53 million, according to a news.com.au report. There were ten bidders for the "unliveable" three-bedroom house, which had been deemed too dangerous for inspections, per the report.

☆ In the Brain, Scientists Find New Clues to Treating Chronic Pain
▼ + stars: | 2023-05-22 | by ( Nidhi Subbaraman | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/brain-study-finds-clues-to-treating-chronic-pain-a19be9fb

☆ Brain Study Finds Clues to Treating Chronic Pain
▼ + stars: | 2023-05-22 | by ( Nidhi Subbaraman | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/brain-study-finds-clues-to-treating-chronic-pain-a19be9fb

☆ Kayak launched a new 'holiday calculator.' As a millennial, it's depressing.
▼ + stars: | 2023-05-22 | by ( Nidhi Pandurangi | ) www.businessinsider.com time to read: +3 min

Travel search engine Kayak launched a new budgeting tool called "Vacay Valuator" on May 19. The calculator presented me with 15 options of comforts I was willing to give up in exchange for my next holiday. As a millennial, I found the tool was playing on tropes like "stop getting takeaway coffees to become financially stable." But I was looking forward to some good news when I read that on May 19, travel search engine Kayak launched a new budgeting tool — "Vacay Valuator" — that helps people book their next vacation. A screenshot of Kayak's budgeting tool Vacay Valuator KayakNotably, the tool didn't ask for my income or any other parameters for budgeting, but I went along with it anyway.

☆ India exempts overseas card spends up to 700,000 rupees from 20% tax
▼ + stars: | 2023-05-19 | by ( ) www.reuters.com time to read: 1 min

NEW DELHI, May 19 (Reuters) - India will not impose a 20% tax on spending of up to 700,000 rupees ($8,559.55) through international debit and credit cards in a financial year, it said in a statement on Friday, partly reversing the rules within days after a public backlash. The finance ministry earlier this week had announced a tax of 20% on the spending for overseas travel and purchases using international debit and credit cards from July 1. A tax collected at source could be claimed by the payee at the time of filing of tax returns. ($1 = 81.7800 Indian rupees)Reporting by Nikunj Ohri and Nidhi Verma; Editing by Varun H KOur Standards: The Thomson Reuters Trust Principles.

☆ India's Russian oil buying hits record high, slashes Mideast, Africa share
▼ + stars: | 2023-05-17 | by ( Nidhi Verma | ) www.reuters.com time to read: +2 min

Asia's third-largest economy imported about 1.9 million barrels per day (bpd) of Russian oil in April, about 4.4% higher than the previous month, the data showed. Higher imports from Russian raised the share of oil from the C.I.S. India's oil imports from various regionsRussia remained the top oil supplier to India for the sixth-straight month in April, followed by Iraq and Saudi Arabia. Oil imports from Russia also rose as Indian Oil Corp (IOC.NS), the country's top refiner, raised the size of its annual import deal with Rosneft (ROSN.MM). Lower purchases of oil from the Middle East dragged OPEC's share of India oil imports to a record low of 46%, the data showed.

☆ Elon Musk's productivity hack is taking 2 or 3 days off a year, working 7 days a week, and getting 6 hours of sleep a night
▼ + stars: | 2023-05-17 | by ( Nidhi Pandurangi | ) www.businessinsider.com time to read: +2 min

He told CNBC's David Faber he works throughout the year except for "two or three" days. Musk's obsession with long working hours has been extensively covered by the media. The CEO of Tesla and SpaceX told CNBC's David Faber on Tuesday that he pretty much works throughout the year. It's probably about two or three," he told Faber. After acquiring Twitter in October, Musk told the BBC he sleeps on a couch in the library at the company's San Francisco headquarters.

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