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☆ United said it needs to hire 7,000 aircraft mechanics as a looming shortage threatens to disrupt the industry
▼ + stars: | 2023-06-27 | by ( Taylor Rains | ) www.businessinsider.com time to read: +4 min

United Airlines is hiring over 7,000 aircraft maintenance technicians amid a looming mechanic shortage. Aviation analyst Jonas Murby told Insider companies could address the issue with pay raises and automation. United Airlines is taking a proactive approach to the looming aircraft mechanic shortage. The lack of mechanics is expected to have effects similar to the pilot shortage, which has caused thousands of flight cancelations and forced airlines like American and United to ground regional aircraft. "I recently spoke with aircraft maintenance company Gameco in Guangzhou and they said they automated the entire paint stripping line just because of the mechanic shortage," he told Insider.

Persons: Oliver Wyman, Jonas Murby, Kate Gebo, Gebo, Murby Organizations: Aviation, United Airlines, United, Boeing's, Baby Boomers Locations: Guangzhou

☆ Ukraine war live updates: Ukraine intercepts missile attack on airfield; EU adopts 11th sanctions package against Russia
▼ + stars: | 2023-06-23 | by ( Natasha Turak | ) www.cnbc.com time to read: +1 min

Ukraine's military says it shot down 13 Russian cruise missiles headed for a military airfield in the western region of Khmelnitskyi. In the areas of intense combat, Ukraine says its forces are advancing in the south and stopped a Russian offensive toward the eastern cities of Lyman and Kupiansk. Russian authorities deny the claims of Ukrainian progress, and Russia's forces still hold a large amount of territory in Ukraine's east and south. Ukrainian military leaders admit that the most difficult fighting is yet to come as the country's long-awaited counteroffensive has yet to make significant gains. Meanwhile, the EU has adopted its 11th sanctions package against Russia.

Persons: Kupiansk, Lyman, Hanna Maliar, Maliar Organizations: Russia Locations: Russian, Khmelnitskyi, Ukraine, Lyman, Ukraine's

☆ Cheddar News is slashing jobs including longtime anchors and broadcast producers in the latest blow after months of low morale, discontent, and staff exits
▼ + stars: | 2023-06-22 | by ( Reed Alexander | ) www.businessinsider.com time to read: +5 min

Cheddar News cut a series of roles on Thursday, the latest blow to its dwindling newsroom. The embattled news network is cutting at least two anchors and several producers, sources said. The embattled network Cheddar News cut a series of jobs on Thursday, resulting in the ouster of at least two senior anchors and numerous other producers and back-office staff, Insider has learned. At Altice USA, news and advertising revenues were down nearly 14% year-over-year, according to the company's most recent earnings report. Do you work at Cheddar News or Altice USA and have additional details to share?

Persons: —, Manoj Shamdasani, Altice, …, it's, Reed Alexander Organizations: Cheddar, Altice, Cheddar News, Altice USA Locations: Cheddar, Altice USA, newsrooms, New York, Hollywood

☆ For New Zealand exporters, China both a target and a risk
▼ + stars: | 2023-06-22 | by ( Lucy Craymer | ) www.reuters.com time to read: +4 min

Wellington has historically taken a more conciliatory approach towards China than Australia or its other Five Eyes security partners. “Building of North Asia (markets) and the building of Southeast Asia (markets) is really, really crucial because it's de-risks that dependency,” Talbot said. CALLS FOR DIVERSIFICATIONThere is no expectation that New Zealand will stop selling to China. China needs the food and fibre that New Zealand produces and is prepared to pay for it. “China is going to be a really, really fundamental trading partner for this country for the foreseeable future,” Pete Chrisp, chief executive of government funded international business development agency New Zealand Trade and Enterprise.

Persons: Chris Hipkins, Jacinda Ardern, Xi Jinping, ”, Mathew Talbot, it's, ” Talbot, New Zealand Wang Xiaolong, “, ” Hipkins, Hipkins, Li Qiang, Zhao Leji, Xi, It's, Pete Chrisp, Lucy Craymer, Martin Quin Pollard, Lincoln Organizations: New Zealand, New, Alliance, National People’s, New Zealand Trade, Enterprise, Thomson Locations: China, Australia, New Zealand, Wellington, Asia, Southeast Asia, Zealand, North America, Beijing

Paris CNN —A fiery gas explosion in central Paris resulted in injuries to at least 29 people and drew hundreds of firefighters to the scene on Wednesday afternoon. The Paris prosecutor, who is probing the incident, said that early signs indicate that the gas explosion came from within the building that houses the Paris American Academy, according to CNN affiliate, BFMTV. Paris American Academy, a fashion and design school, describes itself on its website as the “first bilingual design school” in the French capitalKent State University, in the US state of Ohio, said all its students at the Paris American Academy are safe and accounted following the blast. Another woman who didn’t want to give her name and lives in a neighboring avenue told CNN that her doors slammed shut from the explosion. Gonzalo Fuentes/ReutersThe local deputy mayor Édouard Civel later explained in a tweet that the impact had been caused by a gas explosion.

Persons: Rue Saint Jacques, Laurent Nunez, ”, Laure Beccuau, Anne, Gonzalo Fuentes, Édouard Civel, Anne Hidalgo, Gerald Darmanin Organizations: Paris CNN, Rue Saint, CNN, Paris American Academy, BFMTV, Kent State University, Authorities Locations: Paris, Rue, Ohio, Nancy, France

☆ Harry Potter park in Tokyo hopes to enchant Asian fans
▼ + stars: | 2023-06-14 | by ( ) www.reuters.com time to read: +1 min

Studio Tour Tokyo - The Making of Harry Potter' during a press preview before it officially opens to the public on June 16, 2023, in Tokyo, Japan June 14, 2023. REUTERS/Issei KatoTOKYO, June 14 (Reuters) - Harry Potter fans will soon be able to take up their wands, put on their robes and immerse themselves in the boy wizard's world at a new theme park set to open in Tokyo on Friday. Built on the western site of the beloved Toshimaen amusement park, which shut in 2020 after 94 years, the Warner Brothers Studio Tour Tokyo recreates a number of iconic film locations, such as Diagon Alley and the Ministry of Magic. Studio Tour Tokyo. "Being the first tour in Asia and the increasing inbound visitors to Japan will also put us in the centre of the regional market," Jensen told media during a tour of the park, saying it offered Asian fans a new dimension in Harry Potter movie-making.

Persons: Harry Potter, Issei Kato TOKYO, Torben Jensen, Jensen, Irene Wang, Elaine Lies, Clarence Fernandez Organizations: Warner Bros, REUTERS, Warner Brothers Studio, Ministry of Magic, Thomson Locations: Tokyo, Japan, Asia

Two lawyers who represented Donald Trump in the months before the former president was indicted on federal charges over his handling of classified documents quit working for him Friday morning. Trusty had made multiple appearances on television news shows Thursday evening and Friday morning to discuss the indictment of Trump in his capacity as his lawyer. Follow our live coverage of Donald Trump's indictment in the classified documents case. Trump first announced the two lawyers were leaving his cases in a post on his Truth Social platform. "We will be announcing additional lawyers in the coming days," wrote Trump, who is due to appear Tuesday in Miami court on the indictment charging him with several crimes.

Persons: Donald Trump, Jim, John Rowley, Rowley, Joe Biden, Trump, Donald Trump's, Todd Blanche, Stormy Daniels, Blanche Organizations: Trump, White, Biden Locations: Miami, New York, Manhattan, Lago, Palm Beach , Florida, American

☆ New Zealand and Fiji finalising defence agreement - Fiji PM
▼ + stars: | 2023-06-07 | by ( Lucy Craymer | ) www.reuters.com time to read: +2 min

[1/2] Fiji Prime Minister Sitiveni Rabuka and New Zealand Prime Minister Chris Hipkins hold a press conference in Wellington, New Zealand June 7, 2023. REUTERS/Lucy CraymerWELLINGTON, June 7 (Reuters) - New Zealand and Fiji are finalising a defence agreement that will increase engagement between the two countries militaries and help build capacity and skills in the Fiji Defence Force, the Fijian prime minister said on Wednesday. Fiji’s Prime Minister Sitiveni Rabuka told media in Wellington, where he is meeting senior New Zealand government officials including the prime minister and opposition leader, that the agreement would be finalised next week. “The agreement will allow defence officials to undertake engagement in different areas including capacity building and upskilling and exposure to new technologies interoperability and technical support among other,” he said. In May, the U.S and Papua New Guinea signed a defence cooperation agreement and a maritime surveillance deal.

Persons: Sitiveni Rabuka, Chris Hipkins, Lucy Craymer WELLINGTON, ”, Rabuka, “, ” Hipkins, Lucy Craymer, Michael Perry Organizations: Fiji Prime, Zealand, REUTERS, Fiji Defence Force, Fiji’s, New Zealand, New, U.S, NZ, Thomson Locations: Wellington , New Zealand, New Zealand, Fiji, Wellington, Australia, China, Solomon Islands, U.S, Papua New Guinea, Vanuatu

☆ Don't underestimate China's ability to build its own advanced chips despite U.S. curbs, tech analysts say
▼ + stars: | 2023-06-06 | by ( Sheila Chiang | ) www.cnbc.com time to read: +2 min

CHONGQING, CHINA - MAY 4, 2023 - Young technicians test the quality of electronic chips at a dust-free production workshop in Chongqing, China, May 4, 2023. CFOTO | Future Publishing | Getty ImagesIndustry analysts are optimistic that Chinese chip makers will develop their own advanced semiconductors despite Washington's attempts to cut the country off from accessing or manufacturing the technology. Washington also reportedly urged South Korea to not let its chip makers fill Micron's void in China. China is pouring more than 1 trillion Chinese yuan ($140 billion) into its chip industry, according to a Reuters report. Domestic chip makers already benefit from government subsidies and state-backed research projects.

Persons: Daniel Newman, Paul Scharre, Washington, Jensen Huang, Huang Organizations: Getty Images Industry, Futurum Group, CNBC, Nvidia, Huawei, Wall Street, New, Micron Technology Locations: CHONGQING, CHINA, Chongqing, China, New American, May, South Korea, Taipei

But China, which bristles at visits to Taiwan by foreign government officials, tends to ignore trips by business executives, who usually keep clear of politics. Dimon will meet bank employees and clients in Taiwan on his visit, said the source, who sought anonymity as the plans were not public, while adding that no meetings were planned with Taiwan officials. As part of his Asia tour, Dimon will also visit South Korea after the Taiwan trip, said the source. But there was no plan for President Tsai Ing-wen to meet Dimon, her office said on Friday. Dimon favours East-West "derisking" rather than decoupling, he told the three-day JPMorgan Global China Summit event in the city on Wednesday.

Persons: Jamie Dimon, Andrew Collier, Dimon, Nvidia Corp's, Jensen Huang, Pat Gelsinger, Dimon's, Ma Ying, Tsai Ing, Chen Jining, Selena Li, Kane Wu, Scott Murdoch, Ben Blanchard, Emily Chan, Mrinmay Dey, Sumeet Chatterjee, Clarence Fernandez Organizations: JPMorgan Chase &, JPMorgan, Orient Capital Research, Bloomberg, Wall, U.S, Nvidia, Intel, Financial, Commission, Shanghai's Communist, JPMorgan Global China, Thomson Locations: Taiwan, China, Taipei, Beijing, Hong Kong, Asia, South Korea, East, United States, Sydney, Bengaluru

☆ How 'the dress' broke the internet — and pushed Facebook to force everyone into their own filter bubble
▼ + stars: | 2023-05-25 | by ( Ben Smith | ) www.businessinsider.com time to read: +8 min

In 2015, a BuzzFeed staffer posted a picture of a dress with the caption, "What color is this dress?" The following is an excerpt from "Traffic: Genius, Rivalry, and Delusion in the Billion-Dollar Race to Go Viral" by Ben Smith. Jonah saw it differently. From TRAFFIC: Genius, Rivalry, and Delusion in the Billion-Dollar Race to Go Viral by Ben Smith. Copyright © Ben Smith, 2023.

☆ New Zealand announces worse-than-expected deficit as economy stutters
▼ + stars: | 2023-05-18 | by ( Lucy Craymer | ) www.reuters.com time to read: +2 min

WELLINGTON (Reuters) - New Zealand on Thursday announced a worse-than-forecast budget deficit as a lower tax take, higher inflation and a slowing economy hit its coffers, forcing the ruling Labour government to keep new spending at a minimum and raising its bond programme. FILE PHOTO: New Zealand's finance minister, Grant Robertson, speaks about the "wellbeing" budget in Wellington, New Zealand, May 30, 2019. The country is projected to record a NZ$6.96 billion deficit for the year to June 2023 versus previous expectations for a deficit of NZ$3.63 billion, and will not return to surplus until 2025-26, a year later than previously forecast. The government announced a NZ$6 billion infrastructure fund, which would help with rebuild costs and fund new more resilient infrastructure over the longer term. “There is not a lot of discretionary spending in this budget,” Robertson added.

☆ NZ sees bigger deficit as economy sputters, spending boost to fan inflation
▼ + stars: | 2023-05-18 | by ( Lucy Craymer | ) www.reuters.com time to read: +4 min

FILE PHOTO: New Zealand's finance minister, Grant Robertson, speaks about the "wellbeing" budget in Wellington, New Zealand, May 30, 2019. That has heaped pressure on New Zealand’s finances, as the government has had to navigate many challenges including three-decade high inflation, sharply rising borrowing costs, a stuttering economy and falling tax revenue. However, Treasury sees inflation slowing to 3.3% by mid-2024, from the current blistering 6.7% pace, levels not seen since the early 1990s. Much of the worsening in the accounts is due to falling tax revenue as the economy slows. S&P Global Ratings retained New Zealand’s AAA ratings, but warned of pressure ahead.

☆ Six dead in New Zealand hostel fire
▼ + stars: | 2023-05-15 | by ( Lucy Craymer | ) www.reuters.com time to read: +2 min

[1/3] Fire and emergency crews work at the scene of a fire at the Loafers Lodge, in Wellington, New Zealand May 16, 2023. REUTERS/Lucy CraymerWELLINGTON, May 16 (Reuters) - A fire at a hostel in New Zealand killed at least six people on Tuesday and officials said they believe the toll could rise with 11 people still missing. The blaze broke out on the top floor of Loafers Lodge in the Wellington neighbourhood of Newtown just after midnight, police said. "It was just scary, it was really scary, but I knew I had to jump out the window or just burn inside the building," he told state-owned Radio New Zealand. Investigations into what caused the fire are under way, according to Fire and Emergency New Zealand (FENZ).

Ahead of an election on May 21, a cost-of-living crisis that is eroding earnings is foremost in voters' minds. For Klaoudatou it means voting for anyone but the incumbent conservative New Democracy or the opposition leftist Syriza. Reuters GraphicsThree international bailouts saved Greece from toppling out of the euro zone during a decade-long debt crisis that peaked in 2015. "Εven during the crisis - and this is the joke - I didn't think so much before spending a single extra euro," Klaoudatou told Reuters. Reuters GraphicsPAYCHECK BARELY GETS TO PAYCHECKOne in two Greek households could barely get by on their monthly income last year.

☆ Meta must 'unplug the hate machine,' civil society groups say in open letter
▼ + stars: | 2023-05-03 | by ( Tekendra Parmar | ) www.businessinsider.com time to read: +4 min

Meta faces a $1.6 billion lawsuit for allegedly failing to moderate hate speech in Ethiopia. The suit was brought by the family of a professor who was killed after Facebook posts targeted him. Insider's reporting also revealed that one of those trusted partners warned Meta about posts targeting Meareg Amare, a Tigrayan chemistry professor, in the fall of 2021. A spokesperson for Meta did not dispute the trusted partner's account, which was similar to complaints raised by five other trusted partners interviewed by Insider. The Facebook posts targeting Professor Amare falsely accused him of funneling funds and equipment to the Tigray People's Liberation Front, which was fighting a civil war against Ethiopian federal forces and allied groups.

☆ Mario Gabelli ranks these old media stocks among the best trades he’s ever made. Here's why
▼ + stars: | 2023-04-30 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

A simple focus on what is now a well-known phenomenon helped Mario Gabelli execute what he calls some of the best trades in his decades-long career. One of those companies, Chris-Craft, was eventually bought by News Corp. for $5.5 billion in the early 2000s. It was an investment on which Gabelli said he made at least 10 times his original stake. The other money-making trade, on the now defunct Lin Broadcasting, was one Gabelli said he made a "significant amount of money" on. "It basically became EBITDA minus capex, and that notion has gotten pretty far along in the last 40 years," he said.

☆ Eliminated Slater handed wildcard to continue on WSL Championship Tour
▼ + stars: | 2023-04-27 | by ( ) www.reuters.com time to read: +2 min

The 11-times world champion will be able to surf and earn ranking points at the remaining events in 2023 and for the first half of the 2024 tour, the WSL said. "Slater's ranking points will also give him the opportunity to compete for provisional qualification for the Olympic Games Paris 2024," the WSL said. Slater was knocked out by Australian Liam O'Brien early in the Margaret River Pro last week, which left him below the mid-season cut line. Some surfing media criticised the wildcard decision, saying it was motivated by commercial considerations and made a mockery of the WSL's ranking system. France's Johanne Defay was also awarded a wildcard to continue on the Women's Championship Tour after falling well outside the mid-season cut.

☆ Slain Japanese journalist's last Myanmar images shared after 15 years missing
▼ + stars: | 2023-04-26 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Athit PerawongmethaApril 26 (Reuters) - The family of a Japanese journalist killed while reporting on Myanmar's 2007 "Saffron Revolution" released his last pictures on Wednesday, sharing footage from a recently obtained video camera missing since his fatal shooting 15 years ago. Myanmar security forces arrested thousands of people during the monk-led demonstrations in what was one of the biggest uprisings in decades against military rule. Aye Chan Naing, DVB's co-founder, declined to say how the organisation obtained Nagai's camera, to ensure the safety of those involved. Widely seen footage smuggled out of Myanmar in 2007 showed a soldier aiming a rifle near Nagai, who falls backwards on the road. "We would like for the truth to be clarified and to be made known, that is how we feel," Ogawa added.

☆ Kenyan cult leader told followers to starve themselves ahead of world's end, sources say
▼ + stars: | 2023-04-26 | by ( Duncan Miriri | ) www.reuters.com time to read: +4 min

The deaths amount to one of the worst cult-related tragedies in recent history and the toll is expected to rise further, with the Kenyan Red Cross saying more than 300 people have been reported as missing. Cult leader Paul Mackenzie has been in police custody since April 14, held alongside 14 other cult members. At the morgue at Malindi hospital, dozens of people were seeking news of relatives they feared were among the dead. The Red Cross has donated a refrigerated container on a truck to help preserve some of the corpses as the morgue is now too full. Two emaciated women were found alive early on Wednesday and were being evacuated to Malindi's hospital, according to Red Cross staff in Malindi.

"Fox has admitted to telling lies about Dominion that caused enormous damage to my company, our employees and our customers," Poulos said in a statement. Shares of Fox Corp closed up slightly at $34 per share, but were down 1% in after-hours trading after the settlement amount was disclosed. Fox Corp CEO Lachlan Murdoch told Wall Street analysts in February that the company had about $4 billion cash on hand. [1/5] Dominion CEO John Poulos and lawyers speak to the media after Dominion Voting Systems and Fox settled a defamation lawsuit for $787.5 million, avoiding trial, over Fox's coverage of debunked election-rigging claims, in Delaware Superior Court, in Wilmington, Delaware, U.S. April 18, 2023. Fox Corp reported nearly $14 billion in annual revenue last year.

☆ This is what Rupert Murdoch reportedly said in email to ex-wife announcing he was divorcing her
▼ + stars: | 2023-04-12 | by ( Grace Kay | Joshua Zitser | ) www.businessinsider.com time to read: +3 min

Rupert Murdoch broke off his marriage with Jerry Hall in an email, Vanity Fair reported. The Mail+ reported in last July that Hall was "heartbroken" after Murdoch informed her their marriage was over. Hall was waiting for Murdoch to join her in the UK for the summer when she received the email from Murdoch, per Vanity Fair. Both publications said that Hall told friends at the time that she was surprised by the news. The two were legally divorced about two months after Murdoch sent the email, Vanity Fair said.

☆ Rupert Murdoch reportedly spent a night on a gurney in a hospital parking lot after he broke his back falling on son Lachlan's yacht
▼ + stars: | 2023-04-12 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +3 min

Rupert Murdoch reportedly broke his back after he fell while aboard his son Lachlan's yacht in 2018. A new report from Vanity Fair detailed previously unreported health scares experienced by the 91-year-old media mogul. The yacht, which was sailing near Guadeloupe, reportedly docked at the nearest island to take Murdoch to the hospital, per Vanity Fair. Sources close to the family said he was in critical condition, and "kept almost dying," according to Vanity Fair. According to the report, Murdoch later tore an Achilles tendon after tripping over a box in March 2019, leaving him wheelchair-bound.

☆ Inside Disney it's 'Revenge of the Creatives' and 'Shields Up!' against outside foes as returned CEO Bob Iger is taking no prisoners
▼ + stars: | 2023-04-07 | by ( Claire Atkinson | ) www.businessinsider.com time to read: +12 min

Since returning as Disney CEO, Bob Iger has vanquished foes and dumped many of predecessor Bob Chapek's hires. But it's a supercharged Bob Iger who is really taking command. "If I'm inside Bob's head coming back, after the downfall of Bob Chapek, this is all about taking no prisoners," said Will Schutte, a high-level executive coach. Disney World is scheduled to host a major conference on gay rights in September, according to the Miami Herald. Even if he wants to be the Bob Iger of old he can't be.

☆ Rupert Murdoch's engagement to former model and conservative radio host is called off just two weeks after he announced it
▼ + stars: | 2023-04-04 | by ( Samantha Delouya | ) www.businessinsider.com time to read: +2 min

Rupert Murdoch is no longer engaged to former model and conservative radio host Ann Lesley Smith. Murdoch, who owns Fox News and The Wall Street Journal, has been married four times in the past. Rupert Murdoch, the 92-year-old media mogul whose portfolio includes Fox News, The Wall Street Journal, and the New York Post, is no longer engaged to Ann Lesley Smith. Murdoch and Smith, a 66-year-old former model and conservative radio talk show host, had announced their plans to wed just two weeks ago. I'm happy," Murdoch told the New York Post about their engagement last month.

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