DIRS.INFO The most relevant business & tech news

☆ US junk debt issuers use window to extend liabilities but at higher costs, Morgan Stanley report says
▼ + stars: | 2023-09-15 | by ( Matt Tracy | ) www.reuters.com time to read: +2 min

REUTERS/Lee Jae-Won/File Photo Acquire Licensing RightsSept 15 (Reuters) - U.S. junk-rated companies are using a more favorable debt issuance window this year to extend billions of dollars of short-term liabilities. Twelve high-yield issuers have raised $9.6 billion this week, making it the busiest week since November 2021, according to JPMorgan (JPM.N). Ninety of these borrowers used the money raised to refinance, the report noted. Junk bond issuers are now paying roughly 100 to 300 basis points more in coupons on new refinanced debt relative to in-place coupons, according to the report. But the opportunity to refinance is not open to all junk-rated issuers.

Persons: Lee Jae, Morgan Stanley, Matt Tracy, Nick Zieminski Organizations: REUTERS, JPMorgan, CCC, Thomson Locations: Seoul

Tens of millions of dollars have poured back into Pakistan's interbank and openmarkets, dealers say, since raids on black market operators began on Sept. 6. Ninety percent were going to black market dealers, cutting our supply of foreign exchange," Bostan explained. While a crackdown on the black market was needed to stabilise the rupee, it "is a temporary fix," said Fahad Rauf, Head of Research at Ismail Iqbal Securities. High inflation and chronic external deficits lie at the heart of the currency's problem, and closing off people's access to black market dollars risks storing up pent-up demand. "There is an unprecedented demand for the dollar," Hanifullah Mohmand, a trader in the Peshawar market, said.

Persons: Akhtar Soomro, Asim Munir, Malik Bostan, Bostan, General Munir, Haji Luqman Khan, Sheikh Allauddin, ECAP, Fahad Rauf, Ismail Iqbal, Ariba Shahid, Mushtaq Ali, Gibran Peshimam, Simon Cameron, Moore Organizations: REUTERS, Pakistan, Exchange Companies Association of Pakistan, Reuters, Federal Investigation Agency, FIA, Inter, Services Intelligence, ISI, Locals, International Monetary Fund, IMF, Research, Ismail, Ismail Iqbal Securities, Thomson Locations: Karachi, Pakistan, KARACHI, PESHAWAR, Peshawar, Islamabad, Lahore, Quetta, Afghanistan

☆ Joe Biden approval rating: How popular is the US president?
▼ + stars: | 2023-09-12 | by ( ) www.reuters.com time to read: +2 min

U.S. President Joe Biden meets with Vietnam's Prime Minister Pham Minh Chinh (not pictured) in Hanoi, Vietnam, September 11, 2023. The poll had a margin of error of three percentage points and showed approval of Biden to be largely a matter of partisanship. Following the two Democrat-backed probes into Trump, the Republican president lost his 2020 reelection bid to Biden. The new Reuters/Ipsos poll showed the economy remained Americans' top concern, with 23% of respondents selecting it as "the most important problem facing the U.S. The Reuters/Ipsos poll gathered responses online from 1,029 adults, using a nationally representative sample.

Persons: Joe Biden, Pham Minh Chinh, Evelyn Hockstein, Joe Biden's, Biden, Kevin McCarthy, Hunter, Bill Clinton, Donald Trump, Jason Lange, Scott Malone, Deepa Babington Organizations: Vietnam's, REUTERS, Rights, Democratic Party, Republicans, Reuters, Biden, Republican U.S . House, U.S . House, U.S . Senate, Republican, Democrat, Trump, Thomson Locations: Hanoi, Vietnam, Clinton

☆ Why Biden’s strong economy feels so bad to most Americans
▼ + stars: | 2023-09-07 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

By almost any objective measure, Americans are doing much better economically than they were nearly three years ago, when President Joe Biden took office. Inflation hangoverSharply higher prices in 2021 and 2022 marked a painful economic moment for households around the world. The partisan gapCNN’s latest poll shows that Republicans and Democrats are both souring on President Biden’s handling of the economy. “People are no longer telling us how they feel about the economy — really, they’re telling us how they feel about the president,” Wolfers said. Either way, that poses a political problem for President Biden, whose re-election campaign has sought to highlight the economy’s strengths.

Persons: New York CNN —, Joe Biden, SSRS, “, There’s, ”, Justin Wolfers, Wolfers, That’s, ” Wolfers, you’d, ” Morgan Stanley, Jamie Kelter Davis, Carola Binder, —, Biden, It’s, Biden’s, David Axelrod, — CNN’s Matt Egan Organizations: New, New York CNN, CNN, University of Michigan, P Global Market Intelligence, Atlanta, Bloomberg, Getty, United, Index, Bureau of Labor Statistics, Haverford College, Biden, “, White House Locations: New York, Wolfers, United States, Ukraine

☆ Brits are the least likely to say work is important to their lives — and the U.S. isn't far behind
▼ + stars: | 2023-09-07 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +3 min

It found that just 73% of Brits said work was either very or rather important to them, making the U.K. the country that is least likely to put work first. In the U.S., 75% of people said work is an important part of their life, putting the country in the fourth-lowest position. "Within the UK, there is a notable gender difference in responses, with men (28%) more likely than women (16%) to say work should always take priority," it noted. Only three countries are even less likely than the Brits to say work should not always come first: Australia, where 21% of people said this, Canada with 19% and Japan with 10%. This is in line with the countries' overall views on how important work is, the report said.

Persons: Brits Organizations: King's College London, U.S Locations: U.S, Brazil, France, China, Philippines, Indonesia, Australia, Canada, Japan, Nigeria, Egypt, Sweden, Norway

☆ Rich, poor countries split over costs of pandemic prevention
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: +9 min

REUTERS/Bruno Kelly/StringerSince early in the COVID-19 pandemic, global health officials have sought to create a “pandemic treaty” to better prepare for future outbreaks. The governing body of the World Health Organization, or WHO, chose delegates from each of its six administrative regions worldwide to lead the negotiations. Ahead of next week’s meeting, according to officials interviewed by Reuters, the biggest sticking point remains financing for poor countries. The United States and the European Union have both said they support the inclusion of “One Health” provisions in a pandemic treaty. But as a far-reaching and sometimes abstract concept, “One Health” measures could be costly to put into practice.

Persons: ”, Chadia Wannous, zoonotic spillover, Bruno Kelly, Stringer, Lawrence Gostin, ” Gostin, –, Maria Van Kerkhove, “, Deborah J, Nelson, Ryan McNeill, Helen Reid, Sam Hart, Simon Newman, Edgar Su, Paulo Prada, Janet Roberts, Feilding Organizations: LONDON Health, World Health Organization, Organisation for Animal Health, Reuters, REUTERS, WHO, European Union, Center, National, Global Health Law, “, Pacific, Brazilian, South Locations: Geneva, France, United States, Asia, Africa, Latin America, Americas, Southeast Asia, Brazil

Mistakes by air traffic controllers — stretched thin by a nationwide staffing shortage — have been one major factor. So do the air traffic controllers who scour the skies and manage takeoffs and landings. The number of fully trained air traffic controllers nationwide has fallen 10 percent in the past decade. data and the agency’s most recent “Air Traffic Controller Workforce Plan.”Nearly all U.S. air traffic control facilities are understaffed Circles represent 313 air traffic facilities in the United States, including airport towers and larger regional centers. Desiree Rios for The New York TimesPilots, air traffic controllers and federal investigators have warned repeatedly that America’s air safety system is fraying.

Persons: Louis Armstrong, —, ”, Biden, Matthew Lehner, Mr, Lehner, Ilana Panich, Kennedy, Jan, “, ” Jennifer Homendy, Joe Raedle, Reagan, Desiree Rios, ’, ‘ Organizations: Southwest Airlines, Louis Armstrong New, International Airport, Delta Air, New, Airport, American Airlines, Frontier Airlines, Frontier, Federal Aviation Administration, The New York Times, United Airlines, American, Airbus, louisiana Magnolia, Times, Phoenix, NASA, Aviation, Pilots, Technology, U.S, Airlines, United, “, Bergstrom International Airport, Kennedy International, Delta, FedEx, JetBlue Airways, JetBlue, National Transportation Safety, Spirit Airlines, Fort Lauderdale, Las Vegas, San, Casper, Federal Aviation, The Times, FAA, National Transportation Safety Board, Department of, Gulfstream, Miami, The New York Times Pilots, Flying Magazine, Sky Harbor, Boeing Locations: Airport Mississippi, New Orleans, San Francisco, American, Dallas, louisiana, louisiana Magnolia Minden arkansas, Minden louisiana, United States, U.S, San Diego, Phoenix, Swiss, Continental, Buffalo, United, Delta, Southwest, —, Austin, Texas, New York, Austin , Texas, Sarasota , Fla, Burbank, Calif, Boston, New York City, Fort, Salt Lake, Ontario, Denver, Las, Portland ,, Baltimore, Miami, Peoria, Ill, Fort Worth, Jacksonville, Fla, Philadelphia, Fort Lauderdale, Lexington, Ky, Tampa

☆ Value investing is having a moment in China. Here are some funds that are winning
▼ + stars: | 2023-08-20 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

They are: BOCIP China Value A Fidelity China Focus A Dist USD Ninety One GSF All China Eq A Acc HKD The first two have a value-style tilt – and not only beat the MSCI China Index in the first half of this year, but also in all of 2022, according to Morningstar. Although both value and growth China funds have generally posted losses over the three years ended July 2023, growth has lagged value by 12% a year, Liang said. However, she was quick to point out that just focusing on a single investment style such as value versus growth isn't enough. In terms of Morningstar's fund ratings — based on factors the firm calls people, process and parent — Schroder's ISF China Opps and FSSA China Growth have gold ratings for strong performance in the "people" and "process" categories. Closely watching valuations helped Schroders China's portfolio manager take some timely profits on "some overheated information technology" stocks, Liang said.

Persons: Warren Buffett, –, Claire Liang, Morningstar's, Liang, Benjamin Graham's, Goldman Sachs, It's, Timothy Moe Organizations: Morningstar, Fidelity, Acc, China, House Research Institute, Netflix, Suzhou Maxwell Technologies Locations: China, Fidelity China, Asia, Suzhou

☆ ESA chief sees Ariane 6 debut launch delayed to next year
▼ + stars: | 2023-08-16 | by ( ) www.reuters.com time to read: +2 min

[1/2] A worker of Ariane Group stands in front of a Ariane 6 rocket's Vulcain 2.1 engine, prior to the visit of French President Emmanuel Macron, in Vernon, France January 12, 2021. Christophe Ena/Pool via REUTERS/File Photo Acquire Licensing RightsPARIS, Aug 16 (Reuters) - The first launch of Europe's new Ariane 6 rocket has slipped into 2024 after an incomplete recent ground test, the head of the European Space Agency suggested in remarks to Reuters. Ninety percent of July's objectives were met and further tests are scheduled for September, it added. "After this series of tests we plan to consolidate a launch date for Ariane 6," ESA Director General Josef Aschbacher told Reuters. Asked whether it was fair to assume that plans for a test launch before the end of the year were now out of reach, Aschbacher told Reuters, "This is fair to say, yes".

Persons: Emmanuel Macron, Christophe Ena, Safran, Josef Aschbacher, Aschbacher, Guillaume Faury, Tim Hepher, Gerry Doyle Organizations: Ariane, Rights, European Space Agency, Reuters, ESA, Airbus, Paris Air Forum, Thomson Locations: Vernon, France, Guiana, Germany, European

☆ What the highest interest rates in 16 years mean for you
▼ + stars: | 2023-08-10 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

Bank prime loan rates, the interest rates banks charge creditworthy customers, are typically about 3 percentage points higher than the Fed funds rate. In the short term, the Fed funds rate also affects Treasury yields, or the interest rate the government pays on its debt obligations. These yields influence how much consumers pay on real estate and equipment, as they set a baseline for other interest rates. Ninety-day CD rates track almost identically to the Fed funds rate, meaning these CDs have paid higher interest rates as the Fed hikes rates. Large corporations also are directly affected by higher interest rates, as the cost of borrowing money also follows the Fed funds rate.

Persons: Michelle Bowman, stabler, WalletHub Organizations: Service, Fed, Federal Reserve, Federal, Market, Bank, Treasury Locations: Wall, Silicon

☆ How a US government program advocated using nuclear explosions for construction, farming radioactive crops, and blasting holes in the moon
▼ + stars: | 2023-07-31 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +13 min

Most focused on the potential for nuclear explosions to quickly excavate areas for construction projects at lower costs than conventional explosives. (Hamblin is the author of the book "The Wretched Atom: America's Global Gamble with Peaceful Nuclear Technology.") Fly the radioactive skiesUS officials also hoped nuclear energy could be used for transportation. Nicknamed the "pan-atomic canal," nuclear explosions would have carved a sea-level waterway through Nicaragua, Panama, or Colombia, per Forbes. Corbis via Getty ImagesFor Hamblin, the concept of "peaceful nuclear explosions" fell out of favor in the mid-70s.

Persons: Christopher Nolan's, Oppenheimer, Jacob Hamblin, Dwight D, Eisenhower, Alex Wellerstein, Hamblin, you've, Dr Leonard Reiffel, Alaska's Cape Thompson, Edward Teller, detonations, Rio, Iran —, —, Corbis, Wellerstein, Marshall, we're Organizations: Service, White, Nevada . U.S . Department of Energy Office, Scientific, Atomic Energy, UN, United Nations, IAEA Imagebank, United, US Atomic Energy Commission, Technology, Institute of Radiation, Google, NASA, Sputnik, Air Force, U.S . Department of Energy, National Nuclear Security Administration, AEC, of Energy, Popular Mechanics, New York Times, Carryall, US Department of Energy, Forbes, Atomic Energy Commission, Getty, IAEA Locations: Wall, Silicon, Suez, Nevada ., United Nations, New York, Hitachiomiya, Japan, Soviet Union, Nevada, Alaska's Cape, inconveniently, Israel, Panama, Nicaragua, Colombia, Pacific, Farmington , New Mexico, Rulison , Colorado, Rio Blanco, , Colorado, Iran, Mercury , Nevada, USA, Cuba, Vietnam, Colorado, New Mexico, Nevada —, Marshall

☆ Analysis: Israel's judicial reform turmoil threatens economic growth, investment
▼ + stars: | 2023-07-30 | by ( Libgeorge Marc Jones | Marc Jones | ) www.reuters.com time to read: +6 min

REUTERS/Nir Elias/Illustration//File PhotoLONDON, July 30 (Reuters) - Israel's economy may face ratings downgrades, falling foreign investment and a weaker tech sector if turmoil arising from the government's contentious judicial reforms continues, investors and analysts warn. Reuters GraphicsMaplecroft's Kinnear said comparatively low inflation versus similar countries had buoyed investment, but more civil unrest could derail incoming cash. The reform backlash "threatens to push the economy onto a permanently lower growth path," Nicholas Farr, emerging Europe economist with Capital Economics wrote in a note. Moody's cut Israel's sovereign credit to a "dislike" stance, while S&P said on Thursday the unprecedented protests would lower economic growth this year. S&P warned in May that it could lower its AA- Israel rating "if regional or domestic political risks escalated sharply, depressing Israel's economic, fiscal, and balance-of-payments metrics."

Persons: Nir Elias, Benjamin, Hamish Kinnear, Reuters Graphics Maplecroft's Kinnear, Morgan Stanley, Roger Mark, Mark, Kinnear, Nicholas Farr, Moody's, Fitch, Natalia Gurushina, VanEck, Libby George, Marc Jones, Sharon Singleton Organizations: REUTERS, Reuters, Middle East, Reuters Graphics Reuters, Copley Fund Research, Reuters Graphics, Gross, TECH, Israeli Innovation Authority, Capital Economics, P, Fitch, AA, Thomson Locations: Israel, North Africa, Europe

The algorithms powering Facebook and Instagram, which drive what billions of people see on the social networks, have been in the cross hairs of lawmakers, activists and regulators for years. In the papers, researchers from the University of Texas, New York University, Princeton and other institutions found that removing some key functions of the social platforms’ algorithms had “no measurable effects” on people’s political beliefs. In one experiment on Facebook’s algorithm, people’s knowledge of political news declined when their ability to reshare posts was removed, the researchers said. At the same time, the consumption of political news on Facebook and Instagram was highly segregated by ideology, according to another study. Ninety-seven percent of the links to “untrustworthy” news stories on the apps during the 2020 election were read by users who identified as conservative and largely engaged with right-wing content, the research found.

Persons: Instagram Organizations: University of Texas, University of Texas , New York University , Princeton, Facebook Locations: University of Texas , New

☆ More than 2,000 dead penguins washed up on Uruguay's coast. A bird expert says they can't pinpoint a cause.
▼ + stars: | 2023-07-24 | by ( Sebastian Cahill | ) www.businessinsider.com time to read: +3 min

Over 2,000 dead penguins have washed up on the shores of Uruguay. The birds have tested negative for the avian flu, leaving experts guessing at causes of death. According to the Times, Magellanic penguins can be found across the Pacific and the Atlantic, with concentrations in the Falkland Islands, Chile, and Argentina. The Times added that they move north in colder temperatures to find warmer water and food. Tesore added that he found other dead animals on the beach, like seagulls and sea turtles.

Persons: Carmen Leizagoyen, Leizagoyen, Richard Tesore, Tesore Organizations: Service, Science Times, Times, of Fauna, Environment Ministry, NDTV, Uruguay's Ministry, Environment Locations: Uruguay, Wall, Silicon, Pacific, Falkland Islands, Chile, Argentina, Brazil, Uruguay's

☆ Hollywood Strikes Mean Steady Diet of Reruns, Game Shows and Reality TV
▼ + stars: | 2023-07-24 | by ( John Koblin | More About John Koblin | ) www.nytimes.com time to read: +1 min

Scripted television series premiering at a slower pace. The “New Releases” and “Just Added” banners on streaming services piling up with reality shows, documentaries and international fare. Ninety-minute episodes of “Survivor” and “60 Minutes.” A steady diet of Pat Sajak, Steve Harvey and David Spade hosting game shows in prime time. For the better part of a decade, viewers have been inundated with dozens of new scripted shows every month, an overwhelming era in entertainment known as Peak TV. The days of 600 new scripted shows a year are officially over and unlikely to return.

Persons: Pat Sajak, Steve Harvey, David Spade Organizations: Survivor

☆ Former Essence Magazine employees say they witnessed a 'hellish' and 'dehumanizing' culture at the leading publication for Black women in America
▼ + stars: | 2023-07-13 | by ( Yoonji Han | ) www.businessinsider.com time to read: +34 min

On June 28, 2020, a group of women using the name Black Females Anonymous published a damning public letter that shook Essence magazine, the leading publication for Black women in America, to the core. Essence magazine was launched in 1970 at a time when Black business and civil-rights leaders called for greater self-determination and empowerment. The magazine was the brainchild of a group of four Black businessmen who identified a lack of publications for Black women in America. "And that is to serve Black women deeply, to serve women of color in a way that no one else has thought about." Essence CEO Michelle Ebanks, Dennis, and Essence chief content and creative officer, Moana Luu, at the 2020 13th Annual Essence Black Women in Hollywood luncheon.

Persons: Richelieu Dennis, Dennis, haven't, Susan Taylor, Taylor, —, Jason Kempin, wasn't, Michelle Ebanks, Rich Dennis, Arturo Holmes, Margarita Corporan, Forbes, let's, didn't, Sandra Okerulu, Ebanks, Luu, Moana, Rich Polk, Wears, Danielle Young, Julee Wilson, Candace Montgomery, Wilson, Montgomery, Martha, Martha Dennis, Rechelle, Sophia, Richelyna, Alan Lescht, bristled, Joy Collins Profet, Readers, Essence's, Collins Profet, Caroline Wanga, — it's, Wanga, unappreciated, Travis Montaque, cofounders, Lionel Hahn, Yesha Callahan, Rich, That's what's, Yoonji Han Organizations: Black, Time Inc, Vogue, Sports, Essence Communications, Entertainment, New York Times, Meredith Corporation, Essence, Inc, Brands, Ventures, Upfronts, Babson College, The, Depot, PepsiCo, Accenture, Unilever, Magazine, Magazine's, Penske Media, Getty, Essence Ventures, Afropunk, Vice Media, Black Entertainment Television, Digital, Sports Illustrated, Media, Fortress Investment, NASDAQ, Trace Media, texturism, Readers, Employees, Staff, BET, Culture, Democracy, Inkwell Locations: America, Black, Liberia, Queens, shea, Moana Luu, Martinique, France, Paris, Philippines, Hollywood, Industry City, Brooklyn, Cannes

Consumer goods makers say the price hikes are necessary, and that they have taken a hit to margins over the past two years. Some companies such as Clorox (CLX.N) have even begun to ease off the hikes to protect sales volumes as input costs fall. "In the U.S. in particular, these pressures are more acute than in Europe," Janus Henderson portfolio manager Luke Newman told Reuters. U.S. consumer strength has begun weakening, "and that's bad news for the consumer companies," Barclays analyst Iain Simpson said. Still, cost inflation has chipped away at margins, which have broadly fallen 2-4 percentage points over the past two years for the consumer goods industry.

Persons: Janus Henderson, Luke Newman, Newman, Richard Marwood, Robert Klaber, Parnassus, Iain Simpson, Alvarez, Marsal, David Chavern, Stephanie Niven, Niven, Irene Jensen, Jensen, Thomas Joekel, Richa Naidu, Jessica DiNapoli, Matt Scuffham, Deepa Babington Organizations: U.S, Consumer, Reuters, Royal London Asset Management, Investments, Biden, Barclays, Procter, Gamble, Consumer Brands Association, Sustainable Equity Fund, Norges Bank Investment Management, Unilever, Reckitt, Investment, Thomson Locations: Ukraine, U.S, Europe, San Francisco, United States

Companies Bp Plc FollowTotalEnergies SE FollowFRANKFURT/LONDON, July 12 (Reuters) - Oil majors BP (BP.L) and TotalEnergies (TTEF.PA) emerged as the winners in a 7 gigawatt (GW) offshore wind site auction in Germany worth 12.6 billion euros ($13.96 billion), highlighting the appeal of renewable assets across Europe. "The results confirm the attractiveness of investments in offshore wind power in Germany," said Klaus Mueller, president of Germany's energy regulator Bundesnetzagentur. Analysts at Jefferies noted the high price for the auction, adding that it implied "high interest in European offshore wind sites from energy companies/developers". BP won the rights to develop two projects, marking its entry into offshore wind in continental Europe and representing 4 GW out of the total, it said in a separate statement. "This is a significant milestone for BP, showing our commitment to transitioning into an integrated energy company," BP head of offshore wind Matthias Bausenwein said.

Persons: Klaus Mueller, Matthias Bausenwein, Patrick Pouyanne, TotalEnergies, Vera Eckert, Christoph Steitz, Ron Bousso, Friederike Heine, Sharon Singleton, Chris Reese Organizations: Bp, Oil, BP, Jefferies, Federal, Thomson Locations: FRANKFURT, LONDON, Germany, Europe, Heligoland, Baltic, Ruegen, TotalEnergies, Frankfurt, London

☆ World Bank names CEOs to help bring private funds to climate, development finance
▼ + stars: | 2023-07-10 | by ( David Lawder | ) www.reuters.com time to read: +2 min

WASHINGTON, July 10 (Reuters) - The World Bank on Monday named 15 chief executive officers including financiers and asset managers to a group launched by the lender's president, Ajay Banga, aiming to marshal more private capital to combat climate change and boost investment in developing countries. Banga announced the initiative at a global finance summit in Paris last month alongside Mark Carney, the U.N. special envoy on climate action, and Shriti Vadera, chair of Prudential Plc (PRU.L). The World Bank and the CEOs will work "to develop, test, implement and ultimately scale financing structures that can most effectively mobilize private capital," Carney said in a statement. He said in a statement that the Private Investment Lab CEOs were a "crucial piece of the puzzle" to devise ways to pull more private sector investment into the intertwined challenges of poverty, climate and fragility. Reporting by David Lawder; Editing by Will Dunham and David GregorioOur Standards: The Thomson Reuters Trust Principles.

Persons: Ajay Banga, Joe Biden, King Charles . Banga, Mark Carney, Shriti Vadera, Carney, Thomas Buberl, Larry Fink, BlackRock, Noel Quinn, Hendrik du Toit, Jessica Tan, Sim Tshabalala, Bill Winters, Dilhan, Mark Gallogly, Banga, David Lawder, Will Dunham, David Gregorio Our Organizations: Bank, Investment, U.S, Prudential Plc, World Bank, AXA, HSBC, Shemara, Mitsubishi UFJ Financial, Ping An, Royal Philips, Standard Bank, Standard Chartered, Sustainable Energy, Tata Sons, Temasek, Cairns, Mastercard, Private Investment, Thomson Locations: Britain, Paris, Macquarie, Banga

[1/2] Legislators vote for the third reading of the District Councils (Amendment) Bill, which pertains to electoral overhaul, at the Legislative Council in Hong Kong, China July 6, 2023. Under the amendment bill, only 88 seats would be directly elected by the public, down from 452 seats in an election that saw a landslide victory by the democracy camp in 2019. For the remaining seats not contested, 40 percent would be appointed by the city leader and 27 ex-officio seats would remain. China had promised universal suffrage as an ultimate goal for Hong Kong in its mini-constitution, the Basic Law. Pro-democracy politicians won 388 out of 452 district council seats during the last district council election in 2019, taking almost ninety percent of the seats and humiliating the pro-Beijing camp.

Persons: Tyrone Siu, Lemon Wong, Wong, John Lee, Jessie Pang, Joyce Zhou, James Pomfret, Michael Perry Organizations: Legislative, REUTERS, Hong Kong's, Civic Party, Tuen Mun District Council, Reuters, Hong, Thomson Locations: Hong Kong, China, Tyrone Siu HONG KONG, Hong, Tuen Mun, Beijing

☆ Los Angeles hotel workers strike over wages, housing
▼ + stars: | 2023-07-02 | by ( ) www.reuters.com time to read: +2 min

LOS ANGELES, July 2 (Reuters) - Thousands of hotel workers in Los Angeles, California, went on strike on Sunday morning as they pushed for better wages and benefits, kicking off what was expected to be one of the largest U.S. hotel strikes in recent history. [1/4]People protest in front of Hotel Indigo as unionized hotel workers in Los Angeles and Orange County go on strike, in Los Angeles, California, U.S. July 2, 2023. REUTERS/David SwansonContracts expired June 30 at 62 Southern California hotels, according to the Los Angeles Times. The Westin Bonaventure, the biggest hotel in Los Angeles, came to an agreement with its workers just a day before the expiration, the union said. The Los Angeles area has been the scene of other strikes or walkout threats in recent months.

Persons: David Swanson, Gabriella Borter, Mary Milliken, Josie Kao Organizations: Orange Counties, InterContinental, Hotel Indigo, Resorts, Hotel, REUTERS, Los Angeles Times, Westin Bonaventure, SAG, Thomson Locations: ANGELES, Los Angeles , California, U.S, Los Angeles, Orange, Indigo, Orange County, California, Hollywood

☆ A portfolio manager at a $179 billion asset manager breaks down how he picks stocks that can endure a volatile economy — and shares 6 of his favorite names to buy
▼ + stars: | 2023-06-30 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +6 min

Portfolio manager Elias Erickson focuses on finding stocks that can withstand market fluctuations. With the bull market still flourishing, current stock market conditions are a far cry from where they began the year. Coming off last October's market lows, a series of macroeconomic factors have given equities plenty of whiplash this year. "We're trying to buy businesses that will be adaptable to a variety of different macroeconomic environments," Erickson explained to Insider in an interview. Constellation Software, a Canadian-based acquirer of vertical market software, also makes up one of Erickson's largest positions.

Persons: Elias Erickson, Roger Altman, Paul Krugman, Elias Erickson isn't, Erickson, That's, Hermès, they've, Sartorius Organizations: SAP, Constellation Software, Constellation, Mastercard Locations: Canadian, Lonza

☆ Explainer: What is aspartame, the 'possible carcinogen' in diet sodas, sugar-free juices?
▼ + stars: | 2023-06-29 | by ( ) www.reuters.com time to read: +3 min

WHAT PRODUCTS CONTAIN ASPARTAME? Aspartame's use in food products has been debated for decades and has also prompted some companies to remove the compound from their products. PepsiCo (PEP.O) removed aspartame from some U.S. diet sodas. General Mills' (GIS.N) Yoplait also removed aspartame from its yogurts in 2014. Saccharin, sucralose and neotame are among five other artificial sweeteners alongside aspartame authorized by a WHO expert committee on food additives.

Persons: James Schlatter, Mills, Yoplait, Savyata Mishra, Deborah Sophia, Sriraj Kalluvila, Aurora Ellis Organizations: World Health Organization, Reuters, U.S . Food, Drug Administration, PepsiCo, FDA, National Library of Medicine, Thomson Locations: Diet, Spain, France, Italy, Denmark, Germany, Australia, New Zealand, Bengaluru

☆ I've made 6 figures a year as a virtual assistant and now train others to do the same. Here's how I find the best-paying clients and avoid the big red flags.
▼ + stars: | 2023-06-28 | by ( Robin Madell | ) www.businessinsider.com time to read: +7 min

For the last 15 years, I've been traveling the world full time as a digital nomad — 58 countries and counting. I first started as a virtual assistant; now I'm a virtual-assistant coach and recruiter and I've provided training to 27,000 learners across 170 countries. Stop seeking opportunities and start creating themWhen I started as a virtual assistant, I initially turned to gig sites to find work, but it was short-lived. Position your presence based on the types of clients you want to attractLet's say you're a virtual assistant offering podcast-management services. If you're already crystal clear on who you serve as a virtual assistant, you can intentionally spend time in places your clients are more likely to be.

Persons: Hannah Dixon, Dixon, —, It's, I've, I'm, you'll Organizations: Service Locations: Guanajuanto, Mexico

☆ I've made 6 figures a year as a virtual assistant and now I train others to do the same.nHere's how I find the best-paying clients and avoid the big red flags.
▼ + stars: | 2023-06-28 | by ( Robin Madell | ) www.businessinsider.com time to read: +7 min

Hannah Dixon is a six-figure earning virtual assistant coach and recruiter. Dixon says referrals carry significant weight, more than anything else, in the virtual assistant business. I first started as a virtual assistant, now I'm a virtual assistant coach and recruiter and I've provided training to 27,000 learners across 170 countries. Position your presence based on the types of clients you want to attractLet's say you're a virtual assistant offering podcast-management services. Six-figure pricing requires a six-figure service, and this VIP service should start before you land the client.

Persons: Hannah Dixon, Dixon, —, It's, I've, I'm, you'll Organizations: Service Locations: Guanajuanto, Mexico

Search resuls for: "Ninety"

25 mentions found