DIRS.INFO The most relevant business & tech news

☆ Global conservation mission sets sail from UK in Darwin's wake
▼ + stars: | 2023-08-15 | by ( Ben Makori | ) www.reuters.com time to read: +2 min

[1/5] A general view of the ship 'Oosterschelde', launched by the planetary conservation mission DARWIN200, which is to set sail on August 15, in Plymouth, Britain August 11, 2023. The group will set sail on board a 105-year-old schooner on Tuesday from the southern English port of Plymouth, from where British naturalist Darwin's own expedition began in 1831, leading him to develop the theory of evolution by natural selection. The 40,000 nautical mile "Darwin200" expedition hopes to anchor in 32 ports, including all the major ports visited by Darwin's HMS Beagle. Throughout the journey, 200 selected young environmentalists will temporarily join the ship to be trained on conservation efforts. Patrons of the project include Darwin's great-great-granddaughter - the botanist Sarah Darwin - and British primatologist Jane Goodall.

Persons: Charles Darwin's, Darwin's, Stewart McPherson, McPherson, Sarah Darwin, Jane Goodall, Goodall, Sachin Ravikumar, William James, Nick Macfie Organizations: REUTERS, Thomson Locations: Plymouth, Britain, Handout

☆ 5 real-estate investors who 'house hacked' to afford their first properties explain how the strategy works and can help anyone build wealth
▼ + stars: | 2023-08-14 | by ( Business Insider | ) www.businessinsider.com time to read: +7 min

If you're looking to get into real estate, house hacking is a strategy worth considering. Insider spoke to investors who used house hacking to get their start and build equity quicker. One strategy that first-time homebuyers looking to break into the market could consider is called "house hacking." Here are five individuals who used house hacking to get their start and build equity quicker while lowering their overall risk. He was bringing in $3,600 per month in rental income, which more than covered his $3,300 mortgage payment.

Persons: it's, Peter Keane, Rivera, Rivera Peter Keane, Keane, Todd Baldwin, Todd Baldwin Seattle, Avery Heilbron, Heilbron, Ali, Josh Lupo, Josh Lupo Ali, they'd, Josh Organizations: Service Locations: Wall, Silicon, America, Seattle, Boston, New York

☆ Law firm Paul Hastings extends hiring streak with Goodwin partner pair
▼ + stars: | 2023-07-06 | by ( Chinekwu Osakwe | Thomson Reuters | Chinekwu Osakwe Covers Legal Industry News With A Focus On Midsize Law Firms. Reach Her At Chinekwu.Osakwe Thomsonreuters.Com. | ) www.reuters.com time to read: +2 min

(Reuters) - U.S. law firm Paul Hastings said Thursday that it has hired two partners from rival Goodwin Procter as practice leaders in New York and Washington, D.C.Seo Salimi is departing Goodwin after more than eight years to co-lead Paul Hastings' equity capital markets and corporate life sciences practices in New York. His clients have included Karuna Therapeutics, CRISPR Therapeutics, Goldman Sachs and J.P. Morgan Securities, according to his former profile on Goodwin's website. Salimi is joining Paul Hastings along with Sean Donahue, who will chair the firm's public company advisory practice group and co-chair its shareholder activism and takeover defense group. The Los Angeles-founded firm has hired at least 24 partners globally since January. Read more:Law firm Goodwin taps new Silicon Valley-based chairPaul Hastings team takes Latin America-focused deal practice to Baker McKenzieOur Standards: The Thomson Reuters Trust Principles.

Persons: Paul Hastings, Goodwin Procter, Seo Salimi, Goodwin, Salimi, Goldman Sachs, J.P, Sean Donahue, Donahue, Dana Syracuse, Perkins Coie, Kenneth Deutsch, Latham & Watkins, Baker McKenzie Organizations: Reuters, . Securities, Exchange Commission, Karuna Therapeutics, CRISPR Therapeutics, Morgan Securities, Washington , D.C, of Corporation Finance, Latham &, Latin, Thomson Locations: New York, Washington, Washington ,, SEC's, Los Angeles, Boston, Latin America

☆ First debt swap Galapagos projects could be approved next year, minister says
▼ + stars: | 2023-06-30 | by ( Alexandra Valencia | ) www.reuters.com time to read: +2 min

QUITO, June 30 (Reuters) - Conservation projects in the Galapagos Islands funded by so-called blue bonds will be approved from next year by an independent body, Ecuador's Environment Minister Jose Davalos said. The independent non-profit Galapagos Life Fund (GLF) will manage the funds, Davalos told Reuters on Thursday. "Next year the GLF could begin to receive projects, rate them and assign the first funds to finance them," Davalos said. "This is a private fund that will administer money that is given or donated for the conservation of the Galapagos." The fund could finance projects in fishing, tourism, environmental education and the management of the Galapagos ocean reserve, which was expanded last year.

Persons: Jose Davalos, Davalos, Charles Darwin's, Guillermo Lasso, Alexandra Valencia, Julia Symmes Cobb, Elaine Hardcastle Organizations: Life, Reuters, Resources, Thomson Locations: QUITO

☆ 'This is typical late cycle behavior': New York Life Investments warns a recession is still barreling toward the US economy despite strong jobs data — threatening to sink stocks by 15-20%
▼ + stars: | 2023-06-10 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

Historically, a median pullback in earnings would mean a 15-20% drop in the S&P 500. The Bureau of Labor Statistics announced on June 2 that the US labor market added 339,000 jobs in May — more than economists had expected. Historically, the Fed tightening cycle takes 18 – 24 months to impact the labor market." Madison Hoff/InsiderHistory shows a recession would mean a rough ride ahead for the stock market, Goodwin said. The median S&P 500 price target among major Wall Street strategists is 4,000, which is 7% lower than current levels.

Persons: Lauren Goodwin, Goodwin, Madison Hoff, Michael Kantrowitz, Piper Sandler, Piper Sandler Piper Sandler, it's, Kantrowitz, Morgan Stanley's Mike Wilson, David Rosenberg, —, Louis Organizations: York Life Investments, Labor Statistics, New York Life Investments, Rosenberg Research, Federal Reserve Bank of St

☆ Natural evolution: Record Galapagos deal sparks clamour for eco-friendly debt swaps
▼ + stars: | 2023-06-09 | by ( Marc Jones | ) www.reuters.com time to read: +5 min

The growing appetite comes as record numbers of developing world governments face debt pressures due to higher global interest rates. There have been around 140 over the past 35 years, but even including last month's super-sized Galapagos deal they have only involved around $5 billion of debt altogether. The top-level attendees will be urged to do more, not only debt swaps, but also by providing foreign exchange guarantees and automatic debt-payment breaks for countries hit by climate-related disasters. "Seeing something that has a group of countries involved would be amazing," Issa said. Ecuador says it is eyeing another transaction to capitalise on the halo effect from the Galapagos deal.

Persons: Ramzi Issa, Charles Darwin's, Issa, Ilan Goldfajn, Scott Nathan, Nathan, Emmanuel Macron, Mia Mottley, Suisse's Issa, Simon Jessop, Sharon Singleton Organizations: Ecuador, Credit Suisse, Inter, American Development Bank, U.S . International Development Finance Corporation, Reuters Graphics, Thomson Locations: Ecuador, Belize, Barbados, Gabon, Paris, Sri Lanka, Indian, Colombia, Costa Rica, Panama, Kenya, Mozambique, Tanzania, Seychelles

☆ Twitter's head of trust and safety resigns, becoming the 2nd person to quit the role following Elon Musk's takeover
▼ + stars: | 2023-06-02 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Twitter's head of trust and safety, Ella Irwin, says she's resigned from Twitter. Irwin is Twitter's second trust and safety chief to quit following Musk's takeover. Twitter's head of trust and safety, Ella Irwin, says she's resigned from the company. Irwin is Twitter's second trust and safety chief to quit following Musk's takeover. Her predecessor, Yoel Roth, resigned on November 10, weeks after Musk acquired the company.

Persons: Ella Irwin, she's, Irwin, Slack, Kylie Robison, Irwin's Slack, Elon Musk, Yoel Roth, Musk, Roth, Jordan Peterson, Bari Weiss Organizations: Twitter, Reuters, Fortune, Musk's, Morning, Elon, Bloomberg, LinkedIn, Washington Post Locations: China

☆ Twitter trust and safety chief Ella Irwin resigns
▼ + stars: | 2023-06-02 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Twitter's head of trust and safety Ella Irwin resigned from her role at the Elon Musk-owned social media platform. Irwin ran the Twitter team that fought disinformation, removed offensive content and helped maintain Twitter's platform integrity. But Twitter has experienced significant challenges in stemming offensive content under Irwin's tenure and since Musk began serving as CEO. Irwin's departure comes at a turbulent time for the social media network, which was grappling with the dissemination of a conservative website's purported documentary on transgender people. The video was uploaded to Twitter's platform Thursday but was "visibility limited," preventing users from retweeting or commenting on it.

Persons: Elon Musk, Emmanuel Macron, Twitter's, Ella Irwin, Irwin, Musk, Yoel Roth, He's, Linda Yaccarino Organizations: Elon Musk, Reuters, Twitter, NBC News, CNBC Locations: Paris

The sudden departure of Twitter executives tasked with content moderation and brand safety has left the company more vulnerable than ever to hate speech. Following Irwin's departure, the company's head of brand safety and ad quality, A.J. Musk has dramatically downsized the company's workforce and rolled back policies that restricted what kinds of content could circulate. Twitter, under Musk, is the fourth most-hated brand in the U.S. according to the 2023 Axios Harris reputation rankings. Musk, who is also the CEO of Tesla and SpaceX, has recently played down concerns about the prevalence of hate speech on Twitter.

Persons: Ella Irwin, Brown, Maie, It's, Elon Musk, Musk, Harris, it's, Linda Yaccarino Organizations: Twitter, Elon, NBC News, NBC Universal, SpaceX, CNBC Locations: U.S

☆ Twitter's head of trust and safety says she has resigned
▼ + stars: | 2023-06-02 | by ( Sheila Dang | ) www.reuters.com time to read: +2 min

June 1 (Reuters) - Twitter's head of trust and safety, Ella Irwin, told Reuters on Thursday that she has resigned from the social media company, which has faced criticism for lax protections against harmful content since billionaire Elon Musk acquired it in October. Irwin, who joined Twitter in June 2022, took over as head of the trust and safety team in November when previous head Yoel Roth resigned. Irwin's departure comes as the platform has struggled to retain advertisers, with brands wary of appearing next to unsuitable content. Musk announced earlier this month that he hired Linda Yaccarino, former NBCUniversal advertising chief, to become Twitter's new CEO. Reporting by Sheila Dang in Dallas; Editing by Shri Navaratnam, Leslie Adler and Edmund KlamannOur Standards: The Thomson Reuters Trust Principles.

Persons: Ella Irwin, Elon Musk, Irwin, Yoel Roth, Musk, Linda Yaccarino, Fortune, Thierry Breton, Twitter, Sheila Dang, Shri Navaratnam, Leslie Adler, Edmund Klamann Organizations: Reuters, Twitter, European Union, Thomson Locations: Dallas

☆ A woman who works out of a tiny home and gets weekly massages at the office says her job has 'all the perks'
▼ + stars: | 2023-06-01 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +4 min

In January, Kylie Goodwin, who works in accounting, posted a TikTok video of offices in tiny homes. Goodwin said the workspaces within the tiny homes are just one of the perks of working there. An FHS employee responded by email to Insider's request for comment about the tiny homes but didn't provide more detail. Tiny homes are all the rage right now, from handcrafted luxury models that are over $175,000 to tiny homes sold on Amazon that cost a few thousand dollars. "My job has all the perks," Goodwin wrote.

Persons: Kylie Goodwin, Goodwin, —, Kylie Goodwin —, FHS, commenter Organizations: Service, FHS Property Management, Home Solutions, FHS Locations: Missouri, Springfield , Missouri

☆ 31-year-old self-made millionaire: How to get started in real estate investing
▼ + stars: | 2023-05-21 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +2 min

The 31-year-old grew his net worth to over $4 million through smart real estate investing (and a few frugal habits). Here's Baldwin's top two pieces of advice for beginning to build wealth through real estate. Before you buy property: Get your finances in orderThe first step to getting into real estate investing is figuring out how you're going to pay for it. Putting everyday purchases on a credit card and immediately paying it off can help you build credit for the first time or improve your existing score, he says. "Just put your regular expenses on [your credit card] and eventually, you'll build credit."

☆ 2 expenses that are worth it to this 31-year-old self-made millionaire—and what he refuses to spend money on
▼ + stars: | 2023-05-17 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +2 min

By his 30th birthday, Todd Baldwin was a self-made millionaire. One of the key factors that helped him get there: a frugal lifestyle. Another portion of Baldwin's wealth could be attributed to "house hacking," which can take a number of forms. Today, the couple still lives somewhat frugally, but a number of things have changed. When CNBC Make It spoke with Baldwin back in 2020, he said invested almost all of his earnings back into his real estate business.

☆ Let the guessing game begin! Elon Musk's cryptic Twitter CEO tweet drives speculation — and plenty of joke theories
▼ + stars: | 2023-05-12 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +3 min

Elon Musk offered few clues about Twitter's next CEO, besides that "she" will take over in weeks. The cryptic post drove plenty of people on Musk's platform to suggest possible contenders. One serious guess came from tech journalist Kara Swisher, who laid out her case and observations in a Twitter thread. An NBCUniversal spokesperson told Insider that Yaccarino was preparing for the Upfronts, an event where media companies pitch advertisers. Guesses included famous tech names, some quickly debunkedYou didn't have to look far on Twitter to see some famous tech names like Sheryl Sandberg, Marissa Mayer, or Susan Wojcicki being floated.

Elon Musk made a surprise announcement that he'd found Twitter's next CEO. Twitter employees think they may know who Elon Musk has picked to replace himself as CEO of the social media company. Chatter from the media industry points to Linda Yaccarino, head of global advertising and partnerships at NBCUniversal. Yaccarino has told friends in the past that she wanted to be CEO of Twitter, one person familiar with the situation said. The Wall Street Journal reported that Yaccarino is in talks to be Twitter CEO.

LONDON, May 9 (Reuters) - Ecuador sealed the world's largest "debt-for-nature" swap on record on Tuesday, selling a new "blue bond" that will funnel at least $12 million a year into conservation of the Galapagos Islands, one of the world's most precious ecosystems. Tuesday's $656 million "Galapagos Bond," as it has been dubbed, will run until 2041 and gave investors that bought it a 5.645% "coupon" or interest rate, its bankers said. Ecuador sovereign bonds currently yield from 17% to 26%, but the new bond has an $85 million 'credit guarantee' from the Inter-American Development Bank and $656 million of political risk insurance from the U.S. International Development Finance Corp (DFC), effectively making it less risky. The driver has been the remote Galapagos Islands, some 600 miles (970 km) off Ecuador's mainland coast, that inspired Charles Darwin's Theory of Evolution. Scott Nathan, the chief executive of DFC, said people needed to "stay tuned" for similar deals in other countries and the Galapagos deal had been a long time coming.

☆ Ecuador frees cash for Galapagos conservation with $1.6 bln bond repurchase
▼ + stars: | 2023-05-05 | by ( Rodrigo Campos | ) www.reuters.com time to read: +1 min

NEW YORK, May 4 (Reuters) - Credit Suisse repurchased Ecuadorean sovereign notes worth $1.6 billion in face value, the country's bankers said on Thursday, freeing cash for conservation of the unique Galapagos Islands in the biggest debt-for-nature swap ever struck. The buyback will free cash that Ecuador will put into conservation of its Galapagos Islands, one of the world's most precious ecosystems and the inspiration for Charles Darwin's Theory of Evolution. The offer, laid out by Credit Suisse late last month, amounts to the biggest debt-for-nature swap, as such transactions are known in banking circles, struck to date. The move has a political crisis as backdrop, as the National Assembly is in the middle of an impeachment process against President Guillermo Lasso for alleged embezzlement, allegation Lasso denies. Reporting by Rodrigo Campos; Editing by Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

☆ It's not AI that is going to take you job, but someone who knows how to use AI might, economist says
▼ + stars: | 2023-05-03 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

AI won't take your job — if you know how to use it, economist Richard Baldwin said at the World Economic Forum's Growth Summit. He believes AI can uplift the middle class and will affect every job. "AI won't take your job," Baldwin said during a panel at the 2023 World Economic Forum's Growth Summit. Baldwin's thoughts on AI come as generative AI tools like ChatGPT have sparked debate over whether the tech will replace jobs. Given the meteoric rise of generative AI tools, it's only a matter of time before rote tasks will be eliminated.

☆ Ecuador launches debt buyback plan aimed at Galapagos protection
▼ + stars: | 2023-04-26 | by ( Marc Jones | ) www.reuters.com time to read: +1 min

[1/4] A pelican is seen on Santa Cruz Island, part of the Galapagos Islands, Ecuador. REUTERS/Santiago ArcosLONDON, April 26 (Reuters) - Ecuador has launched a long-awaited debt buyback plan that will free up money to protect its Galapagos Islands, one of the world's most precious ecosystems and the inspiration for Charles Darwin's Theory of Evolution. "The Offeror is making the Offer... as part of a broader refinancing operation to channel savings and promote certain conservation and sustainability efforts," the buyback plan said. The operation is private, the country's finance ministry said in a message to journalists, and cannot be discussed. Reporting by Marc Jones; Editing by Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

April 20 (Reuters) - New Mexico prosecutors have decided to drop criminal charges against actor Alec Baldwin in the fatal shooting of cinematographer Halyna Hutchins on the set of the Western movie "Rust" in 2021, Baldwin's lawyers said on Thursday. Baldwin, 65, was charged in January with two counts of involuntary manslaughter in connection with Hutchins' death and the injury of "Rust" director Joel Souza, who was also shot. He pleaded not guilty in February after prosecutors downgraded the seriousness of the charges, reducing the potential prison time. Baldwin settled a lawsuit in October with the cinematographer's husband, Matt Hutchins, in a deal that made Hutchins an executive producer on the movie. Gutierrez-Reed has blamed the shooting on other factors including possible sabotage, Baldwin's lack of training and a failure by Halls and Baldwin to ask her for extra checks.

Baldwin, who is also a producer on the film, was charged with two counts of manslaughter in the death of "Rust" cinematographer Halyna Hutchins. Though Baldwin's manslaughter case has been dropped, the actor still faces other legal woes as a result of the accidental shooting. In early February, Hutchins' parents and sister filed a lawsuit against Baldwin, "Rust" producers and other crew members, accusing them of negligence and intentional infliction of emotional distress, among other charges. Halls' hearing was the first to be conducted under the supervision of special prosecutors Kari Morrissey and Jason Lewis. In her place, she appointed Morrissey and Lewis as special prosecutors.

☆ Alec Baldwin: Prosecutors plan to dismiss charges against actor in 'Rust' shooting, Baldwin's attorney tells CNN
▼ + stars: | 2023-04-20 | by ( Chloe Melas | ) edition.cnn.com time to read: +3 min

CNN —Prosecutors in the “Rust” fatal shooting case plan to file a notice to dismiss involuntary manslaughter charges against Alec Baldwin, his attorney, Luke Nikas, tells CNN. CNN has contacted the special prosecutor in the Santa Fe, New Mexico case for comment. Baldwin and “Rust” armorer Hannah Gutierrez Reed were both charged with involuntary manslaughter in January. An attorney for Gutierrez Reed has previously said she will plead not guilty. Prosecutors already removed a firearm enhancement charge against Baldwin and Gutierrez Reed, reducing a potential prison sentence from 5 years to a maximum of 18 months.

WASHINGTON, April 10 (Reuters) - A federal judge's decision last week to suspend the U.S. Food and Drug Administration's (FDA) approval of abortion pill mifepristone could severely weaken the agency if allowed to stand, health policy and legal experts said. The FDA approved mifepristone, part of a two-drug regimen that accounts for more than half of U.S. abortions, over 20 years ago. Banning its sale calls into question the FDA's power to regulate all drugs nationwide, the experts said. The challenge was brought by a coalition of anti-abortion groups and doctors seeking withdrawal of the FDA's mifepristone approval before Kacsmaryk, who is himself a conservative former Christian activist. Plaintiffs are arguing that the FDA in its 2000 approval did not adequately consider the drug's safety when used by girls under age 18 to terminate a pregnancy.

Any impact on the FDA will depend on details of the judge's ruling in the case known as Alliance for Hippocratic Medicine v. U.S. Food and Drug Administration. The challenge was brought by a coalition of anti-abortion groups and doctors seeking withdrawal of the FDA's mifepristone approval before U.S. District Judge Matthew Kacsmaryk of the Northern District of Texas, a conservative former Christian activist. The court could order mifepristone pulled from the market while it considers a final ruling. It would call into question the entire drug approval process, said Laurie Sobel, associate director for Women's Health Policy at the Kaiser Family Foundation. 'SO MUCH UNCERTAINTY'The possibility of its approvals being overruled would likely see the FDA become more cautious, Lee said.

☆ ABC News staffers were stunned at the departures of veteran colleagues and 'outraged' about how the exits were handled
▼ + stars: | 2023-04-01 | by ( Claire Atkinson | ) www.businessinsider.com time to read: +6 min

Some ABC News staff were in tears on Thursday after layoffs of respected news veterans. Kim Godwin has made positive changes as ABC News president and has faced a string of complex situations. ABC News staffers are in shock over the departure of multiple senior-level colleagues, most notably Wendy Fisher, SVP news gathering. ABC News alone lost 50 staffers on Thursday as part of the slim-down and a leadership reorganization by division President Kim Godwin. A second ABC News insider said it was unprecedented to dismiss longtime veterans in such a manner.

Search resuls for: "Win's"

25 mentions found