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☆ The largest employer of a Montana mountain town is shutting down, blaming housing shortages and rising cost of living
▼ + stars: | 2024-03-15 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +3 min

The largest employer in Seeley Lake, Montana, is closing in part due to costs and housing issues. An influx of people to smaller towns has driven up costs and fueled housing shortages in Montana. "Among other problems, labor shortages, lack of housing, unprecedented rising costs, plummeting lumber prices, and the cost of living in Western Montana have crippled Pyramid's ability to operate." "This is devastating news for the Seeley Lake community and all of Montana," Daines said. Communities across the West are feeling the pinch of rising costs in different ways.

Persons: —, Seeley, Greg Gianforte, Steve Daines, Jon Tester, Daines, Cindy Riegel Organizations: Service, Company, Montana Gov, NBC, Wall Street Locations: Seeley Lake , Montana, Montana ., Seeley Lake, Western Montana, Montana, . Montana, Idaho, Montana hasn't, Sens, Steamboat Springs, Colorado, , Idaho, Teton County

☆ 'Dollars up, donors down': More charity money is coming from the ultra-wealthy
▼ + stars: | 2024-03-14 | by ( Robert Frank | ) www.cnbc.com time to read: +5 min

While donations to charity have been rising, the pool of donors is shrinking, as philanthropy becomes hyper-concentrated among a small group of ultra-wealthy mega-donors, according to a new study. While women make up11% of the ultra-high-net-worth population, they account for 22% of the larger givers, according to the study. Today’s ultra-wealthy donors also prefer to give through private foundations and donor-advised funds — which give them more control — rather than simply writing checks to the Red Cross or United Way. The top charitable cause for ultra-wealthy donors was education (at 54%), according to Altrata. "There is some evidence that the ultra-high-net-worth population has different skews from the broader population," Pasic said.

Persons: Melinda Gates, Robert Frank, Mark Suzman, Amir Pasic, Indiana University Lilly, ”, “, Altrata, Pasic Organizations: Gates Foundation, Indiana University, Indiana University Lilly Family School of Philanthropy, Cross, Federal Reserve Locations: Khayelitsha, Cape Town , South Africa, Altrata, North

☆ Glastonbury Festival 2024: Dua Lipa, Coldplay and SZA to headline event
▼ + stars: | 2024-03-14 | by ( Issy Ronald | ) edition.cnn.com time to read: +2 min

CNN —Dua Lipa, Coldplay and SZA will headline this year’s Glastonbury Festival in June, organizers announced on Thursday. Female artists are dominating the top sets at this year’s festival, with two nights being headlined by women on the iconic Pyramid Stage. “I’ll see you in the beautiful Somerset countryside.”Dua Lipa will make her Pyramid Stage debut as Friday night’s headliner. Yui Mok/PA Wire/PA/AP“FRIDAY NIGHT PYRAMID STAGE HEADLINE!!! Anna Webber/Getty ImagesSince the first ever Glastonbury Festival in 1970, some of music’s most popular acts have made the pilgrimage to Worthy Farm and performed at one of the world’s biggest festivals.

Persons: SZA, Shania Twain, songwriter’s, Coldplay, Yui Mok, “, Boy, Janelle Monáe, Avril Lavigne, Camila Cabello, Anna Webber Organizations: CNN, Dua, Coldplay, Festival, Glastonbury, Twitter Locations: Somerset, England, ” Dua Lipa, Lipa, Worthy

☆ After 11 years as a digital nomad, living in 60 countries, I'm settling in Mexico. It fits my lifestyle and business goals.
▼ + stars: | 2024-03-14 | by ( Robin Madell | ) www.businessinsider.com time to read: +8 min

In 2021, I moved to Guanajuato, Mexico. Dixon posing in front of Grüner See, a lake in Styria, Austria Courtesy of Hannah DixonI'm American and British. Friends, who were fellow digital nomads, suggested we consider moving to Guanajuato, Mexico. Dixon and wife Kim Gorchs, on a colorful street in Guanajuato, Mexico. But I learned that renting a place to live in Mexico is a million times easier once you're on the ground.

Persons: —, Hannah Dixon, It's, Dixon, it's, who's, Hannah Dixon I'm, Brexit, I, Kim Gorchs, I'd, I've, Animales, we've, we'll Organizations: Service, Virtual Excellence Academy, Business, Kansas City, National Institute of Migration, Facebook, Sun Locations: Mexico, Bangkok, New York, France, Budapest, Hungary, Guanajuato, Austria, Graz, Styria, Mexican, Kansas City, Kansas, Teotihuacan, Mexico City

☆ Star dunes: Ancient find helps scientists unravel secrets of mysterious sand structures
▼ + stars: | 2024-03-04 | by ( Mindy Weisberger | ) edition.cnn.com time to read: +7 min

Using radar scans and analysis of sand grains buried deep inside the star dune, scientists mapped the mound’s internal structure. “It’s moving about half a meter per year,” demonstrating that star dunes are about as active as most other dunes, Duller told CNN. A mystery solvedThe new findings also addressed a longstanding mystery for geologists: Where is all the ancient evidence of star dunes? Star dunes are so big; perhaps eroded parts of their preserved structures were previously identified as standalone remnants of other types of dunes, the study authors reported. “The fact that star dunes have not been identified very much in the stratigraphic record may partly be because many geologists were not very much aware of star dunes and only knew about longitudinal dunes and barchans (crescent-shaped dunes),” Goudie said.

Persons: ” Andrew Goudie, Goudie, ”, Geoff, “, Lala Lallia, Charles Bristow, ” Bristow, Chebbi, Charlie Bristow, Bristow, ” Goudie, ” Mindy Weisberger Organizations: CNN, University of Oxford, Aberystwyth University, sedimentology, Birkbeck College, University of London, University of London's Birkbeck, Google, Scientific Locations: Erg Chebbi, Morocco, United Kingdom, Wales, Aberystwyth, Scotland

☆ AiScout: Top soccer clubs are using a mobile app to find future stars
▼ + stars: | 2024-03-01 | by ( Jack Bantock | ) edition.cnn.com time to read: +4 min

London CNN —A London-based technology company is looking to “democratize” talent-identification and scouting in soccer using a mobile app. Free to download and available globally, the aiScout app allows aspiring soccer stars to enter virtual trials for professional clubs by uploading self-recorded footage of themselves completing a series of drills. Ben Greenwood had never had a trial with a professional club until he downloaded the app in 2019. Felton-Thomas said the “lion’s share” of its income comes from charging clubs a license fee to run the platform. Should soccer talent scouts be concerned about being edged out by the arrival of AI in their industry?

Persons: ’, ”, Richard Felton, Thomas, Ben Greenwood, Felton, ” Felton, player’s, he’s, We’ve, you’re Organizations: London CNN, English Premier League, Chelsea, Burnley, EPL, Bournemouth, Major League Soccer, US, View Research, CNN Locations: London, Felton

☆ Berkshire Hathaway topped $600,000 a share last week, aiming at $1 trillion market value
▼ + stars: | 2024-02-11 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

The swift rally has pushed Berkshire's market cap above $863 billion as of Friday's close, making it the seventh most valuable company in the U.S. Road to 600k It took Berkshire Class A shares about two years to go from $500,000 to $600,000. In terms of market cap weighting and earnings contribution to the S & P 500, Berkshire is now the best candidate to join the crowd, Strategas said. High price tag Berkshire's original Class A shares carry one of the highest price tags on Wall Street . Berkshire's Class B shares have gained more than 11% this year and also hit an intraday record of $399.15 earlier this week.

Persons: Warren Buffett's Berkshire Hathaway, Tesla, Tesla —, Eli Lilly, Strategas, Buffett, Ben Graham Organizations: U.S, BNSF Railway, Geico Insurance, U.S ., PetroChina, Alleghany, Occidental Petroleum, Microsoft, Apple, Nvidia, Tesla, Strategas Securities, Broadcom Locations: Warren Buffett's, U.S, Omaha, Berkshire, Saudi Aramco

☆ Scientists discovered a surprising cooling trend on glaciers in Mount Everest 10 years ago. Now they think they know what's causing it.
▼ + stars: | 2024-02-06 | by ( Saugat Bolakhe | ) www.businessinsider.com time to read: +6 min

It's been collecting hourly data on measurements like the mountain's air temperature, total precipitation, humidity, and wind speed since the early '90s. On warm days, as sunlight heats the glaciers, the air just above the glacier's surface warms and rises. This creates a vacuum causing the cold air around the snowy peaks to rush down due to gravity. Then at night, the ice releases some of that stored heat energy, preventing the air temperature from dropping too low. The terrain has also gotten more technical as melting glaciers open up huge crevasses.

Persons: Everest, It's, Yifei Fang, Franco Salerno, Gordon Janow, Mount Rainier, We're, it's Organizations: Service, Nature, Business, Researchers, National Research Council, Institute of Polar Sciences Locations: Mt, Milan, Janow, Mount

☆ Egypt is renovating one of its ancient pyramids using granite, and some experts are horrified
▼ + stars: | 2024-01-30 | by ( Mia Jankowicz | Reem Makhoul | ) www.businessinsider.com time to read: +3 min

Egypt's antiquities chief announced a project to restore an ancient pyramid's granite cladding. 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 . AdvertisementA restoration project to cover one of Egypt's most iconic pyramids with granite cladding has produced a decidedly mixed reaction among heritage experts and social media users. The strong reactions have caused Egypt's Ministry of Antiquities to call for a pause to reexamine the project's feasibility, according to the Telegraph.

Persons: —, Mostafa Waziri, Khufu, Waziri, Khaled Desouki, Monica Hanna, Hanna, Hussein Bassir, Salima, Egypt's Organizations: Service, Egypt's, of Antiquities, Facebook, Independent, The Telegraph, Independent Arabia, Biblioteca, American University, Egypt's Ministry of Antiquities Locations: Giza, Cairo, Independent Arabia, Suez, Pisa, France

☆ DOJ and SEC unveil charges in $1.9 billion cryptocurrency fraud scheme
▼ + stars: | 2024-01-29 | by ( Dan Mangan | ) www.cnbc.com time to read: +3 min

The Department of Justice on Monday announced criminal charges against two people and the guilty plea of a third person for orchestrating a $1.9 billion cryptocurrency Ponzi fraud scheme known as HyperFund, among other names. Lee, a 35-year-old also known as Xue Lee, is charged with a single count of conspiracy to commit securities fraud and wire fraud. Chunga, who also is known as Bitcoin Beautee, pled guilty Monday to one count of conspiracy to commit securities fraud and wire fraud, for which she faces the same possible maximum sentence. Chunga separately agreed to settle civil charges by the SEC for violating the anti-fraud and registration provisions of U.S. securities laws. The SEC complaint says she received more than $3.7 million from both the HyperFund platform and from investors.

Persons: Nicole Argentieri, Erek Barron, Sam Lee, Rodney Burton, Brenda Chunga, Lee, Xue Lee, Burton, Chunga, Beautee, HyperFund Organizations: U.S . Department of Justice, Washington , D.C, The, Justice, Securities, Exchange Commission, DOJ, U.S, Attorney, United Arab Emirates, SEC Locations: Washington ,, HyperFund, Maryland, Australian, Dubai, United Arab, Miami, Severna Park , Maryland

MEXICO CITY (AP) — Mexico’s government has acknowledged that at least two well-known Mayan ruin sites are unreachable by visitors because of a toxic mix of cartel violence and land disputes. The explosion of drug cartel violence in Chiapas since last year has left the Yaxchilán ruin site completely cut off, the government conceded Friday. They say that to get to yet another archaeological site, Lagartero, travelers are forced to hand over identification and cellphones at cartel checkpoints. Though no tourist has been harmed so far, and the government claims the sites are safe, many guides no longer take tour groups there. The guide said the ruin sites have the added disadvantage of being in jungle areas where the cartels have carved out at least four clandestine landing strips to fly drugs in from South America.

Persons: —, “ It’s, ”, Andrés Manuel López, “, López Obrador, Mexico — Organizations: MEXICO CITY, “, National Institute of Anthropology, Central Americans, National Guard Locations: MEXICO, Chiapas, Guatemala, Tonina, Gaza, Lagartero, Mexico, Palenque, Frontera Comalapa, Darien, South America, Central America, U.S, Cuba, Asia, Africa, Sinaloa, Jalisco

A new one-page indictment delivered by the grand jury Friday alleges Baldwin caused Hutchins' death — either by negligence or “total disregard or indifference” for safety. Defense attorneys for Baldwin indicate they'll fight the charge, which carries a potential prison sentence of up to 18 months. The indictment provides prosecutors with two alternative standards for the felony involuntary manslaughter charge against Baldwin. Mangels said a grand jury indictment is by no means an assurance that prosecutors will prevail at trial. “Just getting an indictment from a grand jury in no way means the prosecution has a slam dunk case or even a strong case,” she said.

Persons: — Alec Baldwin, “, Baldwin, Halyna Hutchins, Joel Souza, Hutchins, they'll, Lucien, Michael Haag, ” Michael Haag, ” Baldwin, Prosecutors, John Day, ”, Kari Morrissey, Jason Lewis, “ Rust, armorer Hannah Gutierrez, Reed, Kate Mangels, Glenn Ellington, Gutierrez, Luke Nikas, Alex Spiro, —, David Halls, Sarah Zachry, Zachry, Mangels Organizations: SANTA FE, Forensic Science Services, FBI Locations: SANTA, New Mexico, Santa Fe, Arizona, Los Angeles

☆ I worked with Steve Jobs as a software engineer straight out of college. It was like playing on a great sports team.
▼ + stars: | 2024-01-18 | by ( Kiera Fields | ) www.businessinsider.com time to read: +10 min

Rony Sebok got a job at Apple straight out of Harvard in 1983 working on the Mac team. She worked with a small team of software engineers under the direction of Steve Jobs. Interviewing for the Mac team didn't follow the traditional approachAt the time, this was a top-secret project. Steve Jobs once came into my cubicle and asked, "Don't you own a pair of blue jeans?" AdvertisementMacintosh software team photographed in January 1984 for a Rolling Stone article.

Persons: Rony Sebok, Steve Jobs, Sebok, Jobs, —, Steve, I'd, Bill Gates, alums, Lisa teams, Windham, Steve didn't, Susan Kerr, John Sculley, Lisa, OpenAI Organizations: Apple, Harvard, Mac, Service, Macintosh, Computer Science, Microsoft, IBM, BMW, Windham Hill, Polaroid, Mercury, Getty, HP, Havard Business School, Google Locations: East Coast, West, Cupertino, Hawaii, Apple

Sam Altman, CEO of OpenAI, during an interview at Bloomberg House on the opening day of the World Economic Forum in Davos, Switzerland, on Jan. 16, 2024. DAVOS, Switzerland — OpenAI founder and CEO Sam Altman said the night he was pushed out by the board was "wild," and he felt "super confused" and was "super caught off guard." "I have no equity in OpenAI," Altman said in a May Senate hearing on artificial intelligence. Between the board and the non-profit sits a capped-profit company dubbed OpenAI Global, which Microsoft inked a $10 billion investment deal with in January last year. There are also a few other entities, including a holding company, that comprise the somewhat convoluted organization behind the biggest name in generative AI tech.

Persons: Sam Altman, Switzerland —, " Altman, Altman, —, Altman's, John Kennedy Organizations: Bloomberg House, Economic, OpenAI's, OpenAI Inc, OpenAI, Microsoft Locations: Davos, Switzerland, DAVOS, OpenAI

☆ I became a millionaire at age 27—here are 4 'unpopular' rules rich people follow that most don't
▼ + stars: | 2023-12-27 | by ( Vivian Tu | ) www.cnbc.com time to read: +2 min

Here are four unpopular rules rich people follow that most others don't:1. The problem with this mindset is that it can make people very competitive with other folks in similar financial situations. A rich person has no problem, for example, socking away money in a retirement account. But they know that just because they can't spend that money now, it's not like it has disappeared. It's actually the opposite: the longer they wait, the more money they get later on.

Persons: Rich, They're, we're, they're, it's, It's

☆ WindCORES cuts emissions by putting data centers inside wind turbines
▼ + stars: | 2023-12-05 | by ( Arya Jyothi | ) edition.cnn.com time to read: +7 min

CNN —Accounting for up to 1.5% of global electricity use, data centers are fueling the climate crisis. WindCORES, a subsidiary of German renewable electricity company WestfalenWIND, operates data centers inside wind turbines located in a wind park in the Paderborn district in western Germany, which the company says makes the centers almost carbon neutral. The concept uses existing wind turbines to power data centers on site, while fiber optic cables provide a constant internet connection. WindCORES estimates that the unused electricity generated during this period could power one-third of all German data centers. Zattoo joined windCORES in 2020, when it moved one of its six data centers into a wind turbine in Paderborn.

Persons: ”, Fiete Dubberke, Dubberke, WestfalenWIND, windCORES, Zattoo, Viliyana Ivanova, “, Viliyana, windCORES Dubberke, Zattoo’s, Asim Hussain, that’s, they’ve, ” Hussain, ” WindCORES, Klee Organizations: CNN, windCORES, Green Software Foundation Locations: Paderborn, Germany, “, ”, Lichtenau, Munich

But the three men topping Israel's hit-list remain at large: Deif, the head of Hamas' military wing, the Izz el-Deen al-Qassam Brigades; his second in command, Marwan Issa; and Hamas' leader in Gaza, Yahya Sinwar. The three leaders are directing Hamas' military operations and led negotiations for a prisoner-hostage swaps, possibly from bunkers beneath Gaza, three Hamas sources say. The objective of the war remains to dismantle Hamas' military and government capabilities, Michael said, which could involve a turbulent period in Gaza after the war. An Israeli military officer, who spoke to reporters on condition of anonymity, said the IDF viewed the elimination of such combat-level commanders as essential to dismantling Hamas' military capabilities. Israel has killed Hamas' leaders in the past, including the group's founder Sheikh Ahmed Yassin and its former leader Abdel-Aziz al-Rantisi, assassinated in a 2004 air strike.

Persons: Ilan Rosenberg, Yoav Gallant, Mohammed Deif, Deen al, Marwan Issa, Yahya Sinwar, Issa, Israel, Benjamin Netanyahu, Gallant, Sinwar, Michael Eisenstadt, we've, Eisenstadt, Osama Hamdan, Joe Biden's, al, Kobi Michael, Michael said, Michael, Gilad Shalit, Shalit, Gerhard Conrad, Conrad, Al, Sheikh Ahmed Yassin, Abdel, Aziz, Rantisi, Sheikh Yassin, Hamdan, Dan Williams, Samia Nakhoul, Daniel Flynn Organizations: REUTERS, Israeli, Hamas, Brigades, Qatar, Reuters, Military and Security, Washington Institute for Near East, Israel Defense Forces, Israel, Islamic, Israel's Ministry, Strategic Affairs, IDF, German Intelligence Agency, politburo, Thomson Locations: Gaza, Kibbutz Beeri, Israel, Tel Aviv, Deif, Gaza City, Lebanon, East, U.S, States, al Qaeda, Islamic State, Iran, United States, Iraq, Syria, Palestinian, Israeli, Sinwar, Al Jazeera, Rantissi, Jerusalem

☆ India's Nifty 50 hits all-time high after upbeat growth data
▼ + stars: | 2023-12-01 | by ( Bharath Rajeswaran | ) www.reuters.com time to read: +2 min

The NSE Nifty 50 index (.NSEI) rose as much as 0.52% to 20,238.45, a new record high, while the S&P BSE Sensex (.BSESN) was up 0.44% at 67,286.16, as of 9:35 a.m. IST. "India's growth outlook remains positive, with various capex initiatives of the government likely to trigger consumption at the bottom of the pyramid," Pramod Gubbi, founder of Marcellus Investment Management, said. India's Nifty and Sensex posted their best month in 2023 in November, aided by the return on foreign portfolio investor (FPI) inflows. India's general elections are due early next year. Reporting by Bharath Rajeswaran in Bengaluru; Editing by Sonia Cheema and Mrigank DhaniwalaOur Standards: The Thomson Reuters Trust Principles.

Persons: Francis Mascarenhas, Gubbi, India's, Sensex, Madhavi Arora, Bharath Rajeswaran, Sonia Cheema Organizations: National Stock Exchange, REUTERS, Rights, NSE, BSE, Reuters, Reserve Bank, Marcellus Investment Management, Wall, Dow Jones, Bharatiya Janata Party, BJP, Indian National Congress, Emkay Global Financial Services, Thomson Locations: Mumbai, India, U.S, Rajasthan, Madhya Pradesh, Chhattisgarh, Telangana, Bengaluru

☆ How to choose the best Christmas tree, according to science
▼ + stars: | 2023-11-25 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +11 min

Some aspects of choosing a live Christmas tree, like shape, color, and aroma, are subjective. Two Christmas tree experts explain how to choose between the many types of fir, pine, and spruce. Unlike fir and spruce trees, pine tree needles are clustered in groups instead of individually attached to the branch. The National Christmas Tree Association has a map for finding farms and other retailers that sell live Christmas trees. AdvertisementWhich Christmas tree has the best aroma?

Persons: —, there's, Fraser, Douglas, Noble, There's, Justin G, Whitehill, Bert Cregg, It's, Cregg, Chris Keane Whitehill, it's, Frasers, he's, Jason Reed Douglas, Mel Melcon, Jerry Holt, Bert, they'll, Alex Wong, Andrew Matthews, Tim Leedy, Paul J, Richards, Robert Nemeti, Jens Kalaene, you'll, Cesar L, Laure Organizations: Service, US Department of Agriculture, North Carolina State University, of Horticulture, Michigan State University, Northwest, REUTERS, White, Los Angeles Times, Getty, Star Tribune, MediaNews, Anadolu Agency, Call, Tribune Locations: Oregon, North Carolina, Michigan, Nobles , North Carolina, Douglas, Frasers, Fraser, Pacific Northwest, Europe, Canaan, Allentown

The Transamerica Pyramid building is seen as tourists ride a cable car in downtown San Francisco, California, U.S., July 7, 2023. San Francisco has been waging for years a multi-pronged war on drugs and related crime, homelessness and unaffordable housing. "They do this for the Superbowl, they do this for conferences ... but nothing ends homelessness like a home," Boden said. The city has a homelessness rate of 887 people per 100,000 residents, according to a 2023 report from the San Francisco controller's office on 16 American cities. Reporting by Peter Henderson and Anna Tong in San Francisco; Editing by Sayantani Ghosh and Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

Persons: Carlos Barria, Joe Biden's, Christopher Crandall, he'd, He'd, Gavin Newsom, Biden, China's Xi, Paul Boden, " Boden, Tesla, Elon Musk, Trevor Chandler, I’ve, Peter Henderson, Anna Tong, Sayantani Ghosh, Stephen Coates Organizations: REUTERS, FRANCISCO, Economic Cooperation, United Nations, Police, APEC, Western Regional Advocacy, San, Fox News, Twitter, Thomson Locations: San Francisco , California, U.S, Asia, San Francisco, California, Francisco, Oakland, Los Angeles

Portia Stafford, a petite and usually soft-spoken 22-year-old, shouted through the razor wire at the burly men guarding the construction site in Soweto, a sprawling township in South Africa. When a guard threatened to shoot, the group backed off and Ms. Stafford felt her resolve deflate. Ms. Stafford, her sister and two cousins all have high school diplomas — historically a ticket to a decent job in South Africa. “There’s no moving forward,” Ms. Stafford said. She frets that only those with connections succeed, but she said, “I keep trying to get a job, and I go all out.”

Persons: Portia Stafford, Stafford, “, Ms, ” Locations: Soweto, South Africa

☆ These luxury stocks won't lose their luster even as sales growth slows to pre-pandemic levels
▼ + stars: | 2023-11-10 | by ( Hakyung Kim | ) www.cnbc.com time to read: +13 min

After three years of record growth, luxury companies are feeling the pain as sales slow to a more normal pace. Nowhere have the struggles of the luxury sector been more prominent than in the French conglomerate LVMH Moet Hennessy Louis Vuitton , the group's bellwether. This dynamic tends to hurt the less-prestigious luxury brands more, according to Rogerio Fujimori, an analyst at Stifel. "Chinese [consumers] are back to Southeast Asia and Japan, but there's still a long way to go in terms of Europe. LVMH and other European luxury brands have been market leaders among European equities since 2021 until the first half of 2023.

Persons: Richemont, Burkhart Grund, LVMH Moet Hennessy Louis Vuitton, Gucci, Ashley Wallace, Bernstein, Luca Sola, Rogerio Fujimori, Fujimori, Wallace, Stifel's Fujimori, there's, Richemont's Grund, —, Fujimori foresees, we've, Hermes, Brunello, Thomas Chauvet, Louis Vuitton, Brunello Cucinelli, LVMH, Dior, Markus Hansen, Hansen, America's Wallace, It's, Vontobel's Hansen, — CNBC's Michael Bloom Organizations: Cartier, Bank of America, U.S, U.S ., EU, Europe, Citi, Bank, Gucci, Bottega Locations: U.S, Europe, Japan, China, Southeast Asia, China's, Thursday's, Kering

The Gaza war on the border with Egypt's Sinai Peninsula comes after the impact of Russia's invasion of Ukraine and the coronavirus pandemic exposed long-standing frailties in the Egyptian economy. "Foreign sentiment on Egypt is so weak, and now with this coming along it's last thing that Egypt needed. A foreign currency shortage has led to a $5 billion backlog of imports stuck at ports, and problems for foreign companies repatriating dividends, bankers say. So far, the Gaza war has affected the popular Sinai destinations of Taba, Nuweiba, Dahab and Sharm el-Sheikh but left the rest of the country relatively unscathed. Egypt's tourism minister told Reuters this week that the impact of the war was contained to under 10% of bookings.

Persons: Mohamed Abd El Ghany, Monica Malik, Moataz, Sharm, Karim ElMinabawy, Siamak Adibi, Egypt's, Olumide Ajayi, Malik, Patrick Werr, Sarah El Safty, Aidan Lewis, Toby Chopra Organizations: REUTERS, Abu, Tourism, Countrywide, Emeco, Middle East Gas, FGE, United Arab, Thomson Locations: Giza, Cairo, Egypt, CAIRO, Gaza, Ukraine, Dhabi, Taba, Dahab, Luxor, Aswan, Israel, Europe, Saudi Arabia, United Arab Emirates, Kuwait, Qatar, Gulf . Saudi

☆ A modern etiquette guide for group chats
▼ + stars: | 2023-11-09 | by ( Michael Venutolo-Mantovani | ) www.businessinsider.com time to read: +14 min

A recent poll of 1,005 US adults found the average American spends 26 minutes a day reading and responding to group chats. For us to survive and thrive as humans, it's time to agree on the Definitive Etiquette of the Group Chat. The ultimate appeal of group chats — their necessity, really — is that they've become the only social media that's actually social. Group chats can become overwhelming, of course, especially as they creep into other apps and especially as they often duplicate participants. Don't talk about the group chat outside the group chat.

Persons: who's, Sam Bankman, Fried, siphoning, Emily Post, they've, Mark Zuckerberg, Twitter, Hua Hsu, e Organizations: Bank, Democratic, Street, Wall, Mets, New York Giants, Facebook, Adidas, Nazi, Yorker Locations: Bankman, Silicon, Indonesia, American, Business, Politics, Netherlands, Rome, Tucson, le

☆ Independent Regulator to safeguard English clubs
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +4 min

The Independent Regulator for Football (IREF) will have the power to step in to address cash flow and other systemic issues within clubs, many of which are financially vulnerable. "Legislation will be brought forward to safeguard the future of football clubs for the communities and fans," King Charles said of the Football Governance Bill in his speech. Fair Game, a band of clubs campaigning to improve football governance, described the announcement as an "historic moment for football". It is a unique strength of the English game and something that must be protected and nurtured," Parry said. Since the 1999-2000 season, 19 out of 23 Premier League seasons resulted in pre-tax losses for all clubs combined.

Persons: Park, Newcastle United's Kieran Trippier, Lee Smith, Rishi Sunak, King Charles, Niall Couper, Rick Parry, Parry, Tracey Crouch, Crouch, Lori Ewing, Ed Osmond Organizations: Soccer Football, Premier League, Newcastle United, James, Newcastle, British, Independent Regulator, Football, Bury FC, Super League, Sheffield, Reading, Scunthorpe United, English Football, Former Sports, England, Independent, LaLiga, Premier, Thomson Locations: Newcastle, Britain

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