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☆ The chef at London's Chishuru just won her first Michelin star. She started with a competition to open a pop-up restaurant.
▼ + stars: | 2024-03-10 | by ( Polly Thompson | ) www.businessinsider.com time to read: +6 min

Read previewThis as-told-to essay is based on an interview with the founder and chef of Chishuru, Joké Bakare, about pursuing her dream to open a restaurant. A year later, some friends spotted a competition run by Brixton Village in south London — they were offering the winner a three-month pop-up restaurant. In some ways, the Brixton restaurant was straightforward — it was a small site with just 18 covers inside and 14 outside. Harriet LangfordThe restaurant's success continued and in April 2022, Time Out named Chishuru as London's best restaurant. It's the food that my grandmother might have cooked, but with a London restaurant spin.

Persons: —, Joké, Covid, Jay Rayner, Matt Paice, Bakare, Harriet Langford, they'd, I've, We've, Cook, Chishuru Harriet Langford, It's Organizations: Service, Ahmadu Bello University, Business, Brixton, The Observer, Michelin, uda Locations: Kaduna, Nigeria, London —, Brixton, London, Matt, Chishuru

☆ Elon Musk's wealth is down by almost $40 billion this year — and it's only March
▼ + stars: | 2024-03-07 | by ( Polly Thompson | ) www.businessinsider.com time to read: +2 min

The Tesla CEO's wealth has dropped by almost $40 billion since the start of 2024. The EV maker's sagging stock price has taken its toll on Musk's net worth. The Tesla CEO's net worth has plunged by almost $40 billion this year, according to the Bloomberg Billionaires Index. AdvertisementThe LVMH chief is worth $197 billion, $1 billion more than Bezos, after adding $18 billion to his worth this year. Most of Musk's wealth comes from his 21% stake in the EV maker.

Persons: Elon, —, Jeff Bezos, He's, Bernard Arnault, it's, Arnault, Musk Organizations: Service, Tesla, Bloomberg Locations: China, Delaware

☆ I bought a California ghost town for $1.4 million. Living here gets lonely — but I've found my purpose.
▼ + stars: | 2024-02-25 | by ( Polly Thompson | ) www.businessinsider.com time to read: +6 min

In 2018, my friend sent me a listing for Cerro Gordo, an abandoned mining town in California. In the late 1800s, Cerro Gordo was a prosperous mining town. But right now, I'm sitting 900 feet under a ghost town that's miles away from them. Since I arrived, Cerro Gordo has been hit with storms, fire, a flood, an earthquake, and a blizzard. If I hadn't made this life change, Cerro Gordo would've otherwise just been forgotten, like the hundreds of other towns that were set up in the American West.

Persons: Brent Underwood, Cerro, I'm, I've, Cerro Gordo, Brent, It's, We'll, Gordo, snowstorms, We've Organizations: YouTube Locations: Gordo, California, American, Austin, Cerro Gordo, Cerro

☆ A Trident missile test-fired by a UK submarine failed. That's a lot of money down the drain.
▼ + stars: | 2024-02-21 | by ( Polly Thompson | ) www.businessinsider.com time to read: +4 min

Read previewThe British navy suffered an embarrassing flop after a failed test launch of a Trident nuclear missile was revealed. AdvertisementIt's the second time in a row that a test launch of a Trident missile by the Royal Navy has had an unhappy ending. These failures have a high price tag, given that each missile costs tens of millions of dollars. AdvertisementThat involves manufacturing costs, missile extension programs, replacement warheads, in-service costs, and personnel salaries. Building the Trident system in the 1980s cost about £21 billion ($26.5 billion) in today's money, according to the Ministry of Defense.

Persons: —, Grant Shapps, Lockheed Martin Organizations: Service, British, Trident, Sun, Business, Defense, Royal Navy, US Navy, US, Lockheed, Vanguard, Ministry of Defense, Nuclear Disarmament, Department of Defense, Congressional, Office Locations: Florida, Africa, Ohio, Red Sea, Russia, Ukraine, Taiwan Strait

☆ Vinted cofounder Milda Mitkute shares the shopping app's path from 2 a.m. house party startup to $3.8B success
▼ + stars: | 2024-02-18 | by ( Polly Thompson | ) www.businessinsider.com time to read: +6 min

Read previewThis as-told-to essay is based on a conversation with Milda Mitkute, the cofounder of second-hand shopping app Vinted. But when you have 30,000 people on your site you need more servers and those invoices started going up to 200 euros. AdvertisementBut when we asked girls in Germany, France, and the US why they used Vinted, it was all about selling to earn some extra cash, authenticity, finding unique clothes, and consuming more sustainably. A life divided into projectsWhen you're young you think that the more you work, the more you're going to create. Mitkute stepped back from Vinted in 2017 and is no longer on the board but remains a shareholder.

Persons: —, Milda Mitkute, Vinted, Justas Janauskas, Justus, VIRGINIE LEFOUR, Getty, let's, Jonas Gratzer, Malvina, I've, It's, Mitkute Organizations: Service, Business, Vinted, Accel Partners, Facebook, Spotify Locations: Vilnius, Lithuania, Czech Republic, Germany, Soviet, France, Vinted

☆ Deepfake porn is a huge problem — here are some of the tools that could help stop it
▼ + stars: | 2024-02-18 | by ( Polly Thompson | ) www.businessinsider.com time to read: +7 min

"The overall percentage is now lower, but the overall volume of deepfake content which is pornographic has exploded," Ajder said. Deepfake porn of pop superstar Taylor Swift has raised awareness of the issue. Criminal deterrentsThis has had an effect on legislation in the UK, where the Online Safety Act has made it illegal to distribute deepfake porn — but not to create it. AdvertisementThough hard to prosecute, criminalizing deepfake porn is still an important deterrent, in his view. In India, a deepfake porn scandal involving Bollywood actresses spurred the government to fasttrack legislation and pressure the big tech companies to prevent AI-generated content from being spread online.

Persons: —, Trace, Henry Ajder, Midjourney, Ajder, Taylor Swift, Bauer, Griffin, Elon Musk, Biden, ChatGPT, they're, it's, Ben Zhao, Joe Biden, Joe Morelle, deepfakes, criminalizing Organizations: Service, BBC News, Google, Meta, Coalition, telltale, University of Chicago, NPR, Anadolu, Getty, Associated Press, Federal Communications Commission Locations: Deepfakes, British, New York, New Hampshire, India

☆ A former Twitter engineer says Elon Musk wrongly fired him for leaking information to the press
▼ + stars: | 2024-02-14 | by ( Polly Thompson | ) www.businessinsider.com time to read: +4 min

Read previewA former engineer at Twitter, now X, says that he was wrongfully fired from his job after being accused of leaking information to the press. Speaking to Zoë Schiffer in her newly released book, "Extremely Hardcore," Lin said that someone lied about him leaking information to the press. So when Elon Musk took over Twitter in October 2022, the engineer was on board. AdvertisementWorkers install lighting on an "X" sign atop the downtown San Francisco building that housed what was formally known as Twitter, rebranded X by owner Elon Musk. Lin still insists that he had no involvement in leaking information, Schiffer writes in the book.

Persons: —, Randall Lin, Zoë Schiffer, Lin, Schiffer, Jack Dorsey, Elon Musk, Noah Berger, I've, Zoë, James Musk, Elon Musk's, Elon Organizations: Service, Twitter, Elon, Business, Twitter's San, Workers Locations: Twitter's, Twitter's San Francisco, San Francisco

☆ Forcing workers back to the office is 'dinosaur management' — and companies risk losing out, expert says
▼ + stars: | 2024-02-11 | by ( Polly Thompson | ) www.businessinsider.com time to read: +6 min

After the first rounds of return-to-office mandates in 2023, many companies are now introducing more punitive measures to make their employees come to the office — actively tracking attendance, micromanaging employees' time, and blocking remote workers from bonuses and career progression. AdvertisementThis week, Dell informed staff that most of its workers will have to come into the office an average of three days a week. Mike Blake/ReutersIn November, Amazon also added a no-promotions policy for perennial remote workers. For example, women — who tend to take on more responsibility for the family and therefore benefit more from flexible remote work policies — will take a bigger hit from punitive policies, Cooper said. The Equal Employment Opportunity Commission recorded a 16% increase in mental health disability complaints between 2021 and 2022 from employees who want remote work allowances, The Hill reported.

Persons: —, weren't, Dell, Andy Jassy, Mike Blake, Young, Cary Cooper, Cooper, Justin Garrison Organizations: Service, Forbes, Business, Citibank, BI, Amazon, Reuters, Google, Ernst, University of Manchester, Dell, Amazon Web Services, Tata Consultancy Services, Gallup, Employment, Commission Locations: London, United States

☆ Dell tells 'hybrid' workers to come into the office 3 days a week
▼ + stars: | 2024-02-05 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

Read previewDell has told some workers they must start going into the office about three days a week. Under the new rules, employees in "hybrid" roles must go to a company office at least 39 days a quarter — the equivalent of about three days a week, a Dell representative told Business Insider. AdvertisementDuring the pandemic Dell encouraged remote working, saying that 60% of its workforce could continue working from home regularly after it ended and only needed to come into the office once or twice a week. In March 2023, the company issued a new mandate ordering all staff living within an hour of Dell offices to commute into the office at least three days a week, Tech Radar reported. About two-thirds of Dell staff are outside the US.

Persons: —, Dell, Carewell Organizations: Service, Dell, Business, Amazon, Google, Apple, Tech Radar, Bloomberg, Research

☆ India's moment has arrived — but many hurdles remain
▼ + stars: | 2024-02-04 | by ( Spriha Srivastava | Polly Thompson | ) www.businessinsider.com time to read: +8 min

India's economy is expected to expand by 6.5% this year, according to IMF forecasts. The world's most populous nation was keen to talk up its prospects at the World Economic Forum in Davos. Advertisement"India has seized the moment," proclaimed housing minister Hardeep Singh Puri with confidence during a panel at the World Economic Forum in Davos last month. The 10-strong group of emerging market nations now accounts for 45% of the world's population and 28% of global GDP. AdvertisementSome economists have criticized the government's narrative as a "false growth story," highlighting discrepancies in the data and criticizing the methods used to calculate economic growth.

Persons: —, Hardeep Singh, Smriti Irani, BI's Spriha Srivastava, that's, Narendra Modi's, Cash, Modi, SAJJAD HUSSAIN, I've, Andy Baldwin, EY, Narendra Modi, Brazil's Luiz Inácio Lula da Silva, Dan Kitwood, Getty, ISRO Goldman Sachs, Ashoka Mody, Rajesh Kumar Singh, Vladimir Putin, Singh Organizations: Economic, Service, BI, IMF, Business, Apple, ISRO, Princeton University, World Bank, US, of, Hindustan Times, Harvard Business Locations: Davos, India, China, Japan, Brazil, China India, India's, Ukraine

☆ Netflix cofounder Reed Hastings just gave stock worth $1.1 billion to a Silicon Valley charity
▼ + stars: | 2024-01-30 | by ( Polly Thompson | ) www.businessinsider.com time to read: +2 min

He donated the holding, worth about $1.1 billion, to the Silicon Valley Community Foundation. The charity is favored by the elite of Silicon Valley including Mark Zuckerberg. AdvertisementReed Hastings, the cofounder and executive chairman of Netflix, has given away 2 million shares in the streaming platform. A Netflix representative told The Wall Street Journal the shares had been donated to the Silicon Valley Community Foundation. AdvertisementIn 2012 the Meta CEO and his wife, Priscilla Chan, donated 18 million shares worth about $500 million to the foundation.

Persons: Reed Hastings, Mark Zuckerberg, —, It's, Jack Dorsey, Priscilla Chan, Hastings, Marc Randolph, Patty Quillin, They've, Bill Gates, Warren Buffett Organizations: Netflix, Community Foundation, Service, Wall Street, Bloomberg, United Negro College Fund, Business Locations: Silicon Valley, Bay

☆ Elon Musk wants to sell more Teslas in Japan. Here's why that could be tricky.
▼ + stars: | 2024-01-28 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

Read previewBack in 2010, Elon Musk predicted that Japan would become Tesla's largest market outside of the US. "There are some geographies where our market share is remarkably low, like Japan," Musk said in a fourth-quarter earnings call earlier this week. Akio Toyoda has been skeptical of the benefits of EV cars. Tomohiro Ohsumi/Getty ImagesThat hesitancy has also held back the development of charging infrastructure — there are only about 30,000 EV charging connectors in the whole country — and kept price tags higher. But Japanese carmakers do have some plans to boost their EV efforts.

Persons: —, Elon Musk, Musk, Tesla, Suzuki, Nissan Sakura, Tatsuo Yoshida, Akio Toyoda, Ohsumi Organizations: Service, Business, BMW, Toyota, Honda, Nissan, Bloomberg, Bloomberg Intelligence, New York Times Locations: Japan, Europe

☆ Satya Nadella's life and career, from computer-science student to CEO of Microsoft and turning it into a $3 trillion titan
▼ + stars: | 2024-01-28 | by ( Polly Thompson | Matt Weinberger | ) www.businessinsider.com time to read: +1 min

Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewWhen Satya Nadella took over as Microsoft CEO on February 4, 2014, the company was struggling. This story is available exclusively to Business Insider subscribers. In January, as 56-year-old Nadella neared a decade in charge, Microsoft overtook Apple to become the world's most valuable public company and is now worth about $3 trillion. Here's how Nadella worked his way up the ranks of Microsoft and executed this startling turnaround.

Persons: —, Satya Nadella, Bill Gates, Nadella Organizations: Service, Microsoft, Business, Apple

☆ 'The Traitors' creator says the show got rejected '40 or 50 times' — but he kept pitching until someone said yes
▼ + stars: | 2024-01-26 | by ( Polly Thompson | ) www.businessinsider.com time to read: +4 min

The second season of "The Traitors" UK comes to its deceitful and dramatic conclusion on Friday. AdvertisementMillions of viewers are set to tune into the gripping season two finale of "The Traitors" UK on Friday. I probably pitched it 40 or 50 times to broadcasters – some of them said to me, "Oh no, not 'The Traitors' again," Pos told GQ. "When we aired it at the beginning of 2021, it was immediately a success," Pos said. Claudia Winkleman hosts the UK version of "The Traitors."

Persons: Marc Pos, —, Alan Cumming, Peacock, Claudia Winkleman, Ian West, it's, It's Organizations: Service, BBC, RTL Locations: Netherlands, Australia, Belgium, Norway, New Zealand, Scottish

☆ Rise of AI sparks big changes at SAP affecting about 8,000 jobs
▼ + stars: | 2024-01-24 | by ( Polly Thompson | ) www.businessinsider.com time to read: +2 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewSAP will offer buyouts or different roles to about 8,000 workers in a restructuring plan related to the rapid rise of artificial intelligence. The new plan comes as SAP reported better-than-expected earnings, with revenue for its key cloud business expected to rise by about a quarter. SAP has been trying to incorporate AI solutions into its products, and has also invested about $1 billion in AI enterprise startups. It joins the slew of big tech companies, including Google and Microsoft, in making changes to their workforce following the rapid rise of AI.

Persons: —, Christian Klein Organizations: Service, Business, SAP, Staff, Google, Microsoft

☆ Nasa astronomers says signal coming from outside our galaxy is 'unexpected and as yet unexplained'
▼ + stars: | 2024-01-14 | by ( Polly Thompson | ) www.businessinsider.com time to read: +4 min

NASA scientists have found a powerful new gamma-ray signal coming from outside our galaxy. AdvertisementNASA astronomers have discovered an unexpected "signal" coming from outside our galaxy, which they can't explain. The scientists were analyzing 13 years of data from the Fermi Gamma-ray Space Telescope when they noticed the mysterious signal. NASA's Fermi Gamma-ray Space Telescope, illustrated here, scans the entire sky every three hours as it orbits Earth. NASA's unexpected discovery could help astronomers confirm or challenge ideas about how the dipole structure is created.

Persons: —, Francis Reddy, NASA's, Alexander Kashlinsky, Fermi, Chris Smith, Chris Shrader, Pierre Auger, Fernando Atrio Organizations: NASA, Service, Fermi, NASA's Goddard Space Flight, University of Maryland, American Astronomical Society, Goddard Locations: Argentina

☆ PHOTOS: Denmark welcomes new King to the throne as Queen abdicates, with pageantry and smiles
▼ + stars: | 2024-01-14 | by ( Polly Thompson | ) www.businessinsider.com time to read: +1 min

On Saturday, HM King Frederik X began his reign as Denmark's monarch and head of state. AdvertisementOn Saturday, Denmark proclaimed Crown Prince Frederik, their new king. His mother, Queen Margrethe II, had announced in a surprise New Year's message that after reigning for 52 years as monarch, she would abdicate the throne. I will hand over the throne to my son, Crown Prince Frederik," Margrethe said. The 55-year-old Crown Prince becomes His Majesty King Frederik X and Head of State of Denmark.

Persons: HM King Frederik X, Margrethe II, —, Crown Prince Frederik, Queen Margrethe II, Queen of, Margrethe, King Charles, Frederik, Mette Frederiksen, Prince, King Frederik X Organizations: HM, Service, Crown, Denmark's, State Locations: Denmark, Queen of Denmark, Europe, Danish, Christiansborg, Copenhagen, State of Denmark

☆ Hundreds of earthquakes cause volcano to erupt on the outskirts of an Icelandic fishing town
▼ + stars: | 2024-01-14 | by ( Polly Thompson | ) www.businessinsider.com time to read: +4 min

Hundreds of earthquakes opened a fissure sending lava flowing toward the town of Grindavík. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAn Icelandic volcano erupted in the early hours of Sunday morning, billowing smoke and sending flowing lava toward a small fishing town. A new volcanic eruption began in the early morning just north of Grindavík. People watch the billowing smoke during the volcanic eruption north of the Icelandic town of Grindavik.

Persons: —, Guðni Jóhannesson, @RuvEnglish, 9mlOiMohC4, SERGEI GAPON, Leosson Organizations: Service, Icelandic Met, Coast Locations: Grindavík, Iceland, Reykjavik, Grindavik

☆ My supermarket removed all the self-service checkouts. It's annoyed some customers — but the staff prefer it.
▼ + stars: | 2024-01-14 | by ( Polly Thompson | ) www.businessinsider.com time to read: +5 min

Booths, a UK supermarket chain, recently removed almost all its self-service checkouts. No more self-checkoutsAligning with those values is part of the reason that Booths has just removed all self-service checkouts. AdvertisementObviously, you have to have more staff on than if you had a lot of self-service machines, but you always had to have someone manning the self-service tills anyway. A lot of our customers are older and find self-service machines really confusing. I don't find the work busier than when we had self-service machines, but there is a drawback.

Persons: Marti Stelling, —, it's, There's, we're, It's, Marti, Manning, checkouts Organizations: Service Locations: Rippon , North Yorkshire

☆ Severe winter weather causes travel chaos as planes grounded and over 1,000 flights canceled at Chicago's airports
▼ + stars: | 2024-01-13 | by ( Polly Thompson | ) www.businessinsider.com time to read: +2 min

Winter storms are battering the US, causing floods, power outages, and travel chaos. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Bad weather warnings have been issued across states stretching from Oregon to Maine and affecting more than 70 million people, the BBC reported. Republican presidential candidates postponed or cancelled many election campaign events in Iowa as high winds and snow hit. AdvertisementAlaska Airlines has canceled around 20% of its flights each day since it grounded its fleet of 737 Max-9s, per Reuters.

Persons: —, Chip Somodevilla, Max Organizations: Service, Chicago O'Hare, NBC Chicago, Weather Service, BBC, Republican, Associated Press, Alaska Airlines Locations: Chicago, Dakotas, Oregon, Maine, Iowa, East Coast

☆ French post offices are trialling changing rooms to let people try on their online purchases
▼ + stars: | 2024-01-13 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

France's post office is trialing in-store changing rooms to make online shopping easier. The bright yellow booths are designed to look like French post boxes. AdvertisementFrance likes to do some things differently – and its post office is no different. Related stories"The idea is to simplify the lives of our clients," La Poste said, per The Guardian. La Poste also hopes the experiment will bring more people into its branches, which has dropped as sending letters becomes less common.

Persons: —, ALAIN JOCARD, Shopify, There's, Poste, Chloe Thomas, Thomas Organizations: Service, Shoppers, Capital, French Retailers Association, LinkedIn, US National Retail Federation, Poste, Business Locations: France, Paris, Lannion, La Rochelle, La

☆ Microsoft's market cap hit $2.89 trillion as it overtook Apple as the world's most valuable public company
▼ + stars: | 2024-01-13 | by ( Polly Thompson | ) www.businessinsider.com time to read: +2 min

Microsoft's market cap hit $2.89 trillion on Friday as it knocked Apple off the top spot. Meanwhile, slower iPhone sales in China have made life trickier for Apple. AdvertisementMicrosoft closed out Friday as the world's most valuable publicly traded company, pushing its long-time rival Apple off the top spot. The tech giant hit a market cap of $2.89 trillion while Apple's fell slightly to $2.87 trillion. The first downgrade by UK bank Barclays wiped out more than $100 billion in market cap in a single day.

Persons: Apple, —, Sam Altman's OpenAI, Minerva, Kathleen Brooks, hasn't Organizations: Apple, Service, Microsoft, CNBC, NASDAQ, Apple Watch, Barclays, Huawei, Jefferies Locations: China, San Francisco, California

☆ Late Samsung chairman's family sell $2 billion worth of shares to help pay huge South Korean inheritance tax
▼ + stars: | 2024-01-13 | by ( Polly Thompson | ) www.businessinsider.com time to read: +1 min

The former Samsung Electronics chairman, who was South Korea's richest person, died in 2020. Lee Kun-hee's family is now selling billions worth of shares to pay inheritance taxes. South Korea has a top inheritance tax rate of 50%, the world's second highest after Japan. AdvertisementThe widow of the former Samsung Electronics chairman and her two daughters sold billions worth of shares to help pay off their inheritance tax, The Korea Times reported, citing industry sources. But due to South Korea's top inheritance tax rate of 50% — the second highest in the world — the family was hit with more than 12 trillion won, which is now around $9 billion, in tax bills.

Persons: Lee Kun, — Organizations: Samsung Electronics, Japan, Service, Korea Times, Business Locations: Korea

☆ Adidas' CEO says he gave his cell number to 60,000 employees and was slammed with 200 messages a week, report says
▼ + stars: | 2024-01-13 | by ( Polly Thompson | ) www.businessinsider.com time to read: +1 min

The CEO of Adidas, Bjørn Gulden, gave his cell number to 60,000 of his employees. "Some people think I'm crazy," Gulden told The Wall Street Journal. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdidas' CEO Bjørn Gulden shared his cellphone number with 60,000 employees at a town hall meeting in an effort to boost transparency at the firm, The Wall Street Journal reported. This story is available exclusively to Business Insider subscribers.

Persons: Bjørn Gulden, Gulden, —, Kanye West Organizations: Adidas, Wall Street, Service, Street Journal, Business

☆ Lululemon hits back at founder's anti-DEI comments: They 'do not reflect our company views'
▼ + stars: | 2024-01-07 | by ( Polly Thompson | ) www.businessinsider.com time to read: +4 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe athleisure brand Lululemon has distanced itself from its founder and former CEO Chip Wilson's comments about diversity. "Chip Wilson does not speak for Lululemon, and his comments do not reflect our company views or beliefs," a spokesperson said in a statement, per The Business of Fashion. AdvertisementWilson founded Lululemon, which is now headed by Calvin McDonald, in Vancouver in 1998 as a "yoga-inspired" company for women.

Persons: Lululemon, Chip Wilson's, Wilson, Elon Musk, Bill Ackman, —, You've, Chip Wilson, Chip, Jim Bennett, Getty Wilson, Calvin McDonald Organizations: Forbes, Service, Luluemon, Lululemon, Harvard University Locations: Vancouver, American

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