DIRS.INFO The most relevant business & tech news

☆ Child workers found throughout Hyundai-Kia supply chain in Alabama
▼ + stars: | 2022-12-16 | by ( ) www.reuters.com time to read: +16 min

Hyundai and Kia now have dozens of suppliers in Alabama, according to the Economic Development Partnership of Alabama, a business group. The agency, they said, hired underage workers while they worked there. “It was my first job in the United States and this is not what you would expect to see here.”Six other former workers told Reuters they, too, saw underage workers at Ajin’s two factories in Cusseta. Herrera said he raised concerns about the underage workers with managers at SMART, but was brushed off. The officials, wearing shirts that bore Hyundai logos, inspected the assembly line even as underage workers labored there, Herrera said.

Buying out the Turquoise Hill minority shareholders is Stausholm’s other initiative. Imagine minority shareholders vote down the offer, but Rio then has Turquoise Hill issue fresh equity. With minimal net debt, the miner had enough cash to buy more Turquoise Hill equity. Rio shareholders soon will see just how well Stausholm plays. Pentwater Capital Management and SailingStone Capital Partners, which own respective 15.2% and 2.2% stakes in Canada-based Turquoise Hill, have resisted the offers.

The much-awaited regulations are seen shaping the future of India's gaming sector that research firm Redseeer estimates will be worth $7 billion by 2026, dominated by real-money games. Tiger Global and Sequoia Capital have in recent years backed Indian startups Dream11 and Mobile Premier League, popular for fantasy cricket. Chance games - considered akin to gambling, which is mostly banned across India - were set to stay under the purview of individual state governments which would be free to regulate them, Reuters has previously reported. Modi's office and the IT ministry, which is drafting the rules, did not respond to a request for comment. One of the government sources said Modi's administration continues to be concerned about potential addiction of such platforms.

☆ You don't have to be 'fun' at work, but it's good for your career
▼ + stars: | 2022-12-01 | by ( Ryan Ermey | ) www.cnbc.com time to read: +1 min

On Sunday, a Washington Post headline seemed to herald a small victory for office employees everywhere: "French man wins right to not be 'fun' at work." No longer will we have to show up and smile for what our bosses call "fun" and what the rest of us call "mandatory." Our Gallic hero didn't simply refuse to attend the holiday cookie swap in the conference room. With that context, it's no surprise the courts ruled he had a "fundamental freedom" to sit out such social events. But WaPo's headline raises an interesting question: How "fun" do you actually have to be in the workplace?

☆ Video shows Twitter employees who rejected Elon Musk counting down the seconds until they're fired in an empty office
▼ + stars: | 2022-11-18 | by ( Jake Epstein | ) www.businessinsider.com time to read: +2 min

Elon Musk gave Twitter workers an ultimatum to stay or leave by 5 p.m. Less than half of the company's remaining employees accepted the offer to stay, Insider reported. One employee posted a video of him counting down the seconds until he was set to be fired. Less than half of the company's remaining 4,000 employees accepted the offer to stay, Insider's Kali Hays reported. "30 seconds left — 35 seconds," the employee says in the video, posted Thursday just after 5 p.m.

☆ Ali Daei: Iranian football legend refuses to attend World Cup in solidarity with protesters
▼ + stars: | 2022-11-15 | by ( Mostafa Salem | ) edition.cnn.com time to read: +3 min

CNN —Iran’s record international goalscorer Ali Daei said on Monday that he refused an invitation to attend the World Cup in Qatar next week to stand in solidarity with Iranian protesters. “I rejected the official invitation of FIFA and Qatar Football Federation to attend the World Cup with my wife and daughters,” he wrote on Instagram. The 53-year-old Iranian football legend scored 109 goals for Iran between 1993 and 2006, a record broken by Portugal’s Cristiano Ronaldo last year. Football player Sardar Azmoun also potentially risked missing out on being selected for the World Cup after criticizing the government. Long live Iranian women.”However, Azmoun was named in Iran’s World Cup squad on Sunday.

☆ Mark Cuban saw his younger self in this 'Shark Tank' founder—and offered him a $1 million deal
▼ + stars: | 2022-11-14 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

On Friday's episode of ABC's "Shark Tank," Cuban offered a big deal to Collars & Co., a Bethesda, Maryland-based menswear brand that makes casual polos with dress collars. Cuban and guest Shark Peter Jones teamed up to offer Baer a $300,000 investment, plus a $700,000 line of credit, for 10% of Collars & Co. Cuban asked Baer how much money he'd actually need to reach his goals. The other investors withdrew from consideration, leaving only Cuban and Jones' offer on the table. Once Baer left, Jones and Cuban wondered how the trio would work together over time — but Baer seemed satisfied with the negotiations and deal.

JIP, Chubu Electric and Orix will each invest 100 billion yen, the paper said, without saying where it got the information. A Toshiba representative declined to comment, saying the company could not "answer information about candidates, including co-investors, as it may undermine fair process". Investor focus could now turn to another potential bidder, state-backed fund JIC, which sources have said is also preparing a bid. The fund has been in talks with U.S. private equity fund Bain Capital and north Asia fund MBK Partners to form a separate consortium, sources have said. Differences over JIP's plan to retain Toshiba's management were a source of friction between the two, Reuters has reported.

☆ Some Tweeps say they're being asked to come back to Twitter after mass layoffs
▼ + stars: | 2022-11-06 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +2 min

Some Twitter staff said the company has asked them to come back to work after the mass layoffs. Insider sources indicate that Twitter contacted at least five people about a return to work. Insider surveyed the Blind app, where one user said he'd been told to "come back Saturday morning." One of the sources said that a worker who Twitter asked to return rejected the offer because they felt "used, and think they will be fired again soon." I was asked to come back Saturday morning," while another simply said: "Can confirm."

☆ Father in China says strict Covid policies ‘indirectly killed’ his son
▼ + stars: | 2022-11-04 | by ( ) www.nbcnews.com time to read: +3 min

BEIJING — The father of a 3-year-old boy who died this week from carbon monoxide poisoning in northwest China said strict Covid-19 policies “indirectly killed” his son by causing delays obtaining treatment, in a case that has set off social media outrage. The boy’s death on Tuesday is the latest incident to generate blowback over China’s strict zero-Covid policy, with one critical hashtag racking up 380 million reads on Wednesday on the Twitter-like Weibo platform. “I personally think that he was indirectly killed,” the boy’s father, Tuo Shilei, told Reuters by phone from the Gansu provincial capital, Lanzhou, which has been under lockdowns for several months. At around midday on Tuesday, after his wife slipped and fell after being affected by gas fumes while cooking, Tuo noticed that his son, Wenxuan, was also unwell. One hashtag, “Three years of Covid was his entire life” became a trending topic before being scrubbed, a common occurence on China’s heavily censored internet.

☆ Trump rages at New York judge who imposed a watchdog on the Trump Org
▼ + stars: | 2022-11-04 | by ( Tom Porter | ) www.businessinsider.com time to read: +2 min

Former President Donald Trump criticized a Manhattan judge. He described him as a "Radical Left Lunatic Judge in New York City." The judge has ordered a watchdog to review the Trump Organization's finances. Trump in a Truth Social post described Engoron as a "Radical Left Lunatic Judge in New York City" who is "refusing to let go of the case. Engoron is adjudicating in the civil lawsuit filed by New York Attorney General Letitia James against Trump, his company, and three of his adult children.

☆ Father blames China's COVID policy for son's death that sparked online anger
▼ + stars: | 2022-11-02 | by ( Martin Quin Pollard | ) www.reuters.com time to read: +4 min

The boy's death is the latest incident to trigger blowback over China's strict zero-COVID policy, with one critical hashtag racking up 380 million reads on Wednesday on the Twitter-like Weibo platform. At around midday on Tuesday, after his wife slipped and fell after being affected by gas fumes while cooking, Tuo noticed that his son, Wenxuan, was also unwell. Tuo said he tried desperately to call for an ambulance or police, but could not get through. One hashtag, "Three years of COVID was his entire life", became a trending topic before being scrubbed, a common occurance on China's heavily censored Internet. Tuo said he rejected the offer, instead demanding an explanation for his son's death.

☆ I switched from a hybrid car to a $25,000 electric Mini Cooper. It's my first EV and it's so fun to drive.
▼ + stars: | 2022-11-02 | by ( Andrew Lambrecht | ) www.businessinsider.com time to read: +9 min

He went with the 2023 Mini Cooper SE, which is a fully electric model priced at just over $25,000. I bought my first fully electric car, the Mini Cooper SE, in July. I gravitated toward the Mini Cooper SE, despite it costing slightly more, because it shares many of its technical components with the BMW i3 since BMW Group owns Mini. The gas cap on a 2023 red Mini Cooper SE. I've enjoyed every moment of owning my Mini Cooper SE.

☆ Royal Mail's largest labour union rejects new conditional pay offer
▼ + stars: | 2022-10-31 | by ( Ajose Koilparambil | ) www.reuters.com time to read: +2 min

Royal Mail and the Communication Workers Union (CWU) last week agreed to engage in talks through arbitration to resolve the months-long pay dispute and on Sunday the CWU withdrew its planned strike action in Britain in the next two weeks. Royal Mail's latest offer includes a 7% salary increase over two years, plus a lump sum payment of 2% of pay this year, but was subject to CWU agreeing to several changes including to Sunday working, start times and flexible working. The CWU, which represents more than 115,000 postal workers at Royal Mail, rejected the offer and said it would vote to take further strike action. "It (the offer) includes more unacceptable changes and a derisory 7% two-year pay offer that is well below projected inflation for both years," the CWU said in a statement. Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Shailesh Kuber and David EvansOur Standards: The Thomson Reuters Trust Principles.

The surge in restrictive housing — informally known as solitary confinement — has perplexed BOP Director Colette Peters, who told NBC News that she "asked the same question when we saw the numbers come forward, so I'm curious as well." Colette Peters, director of the Federal Bureau of Prisons, testifies during a Senate Judiciary Committee hearing on Sept. 29. The federal government houses more than 142,000 inmates in its custody across the United States. It really is limiting the use of restrictive housing when absolutely necessary," Peters said. "We know so much more now from research around what solitary confinement can do to the hearts and minds of those there, and so this is something we need to take very seriously."

☆ Mobileye pops more than 30% in market debut after spinning out of Intel
▼ + stars: | 2022-10-26 | by ( Ashley Capoot | ) www.cnbc.com time to read: +3 min

Mobileye shares popped more than 30% in their stock market debut on Wednesday after the maker of technology for self-driving cars was spun out of Intel . In a year that's seen no significant tech IPOs in the U.S., Mobileye offers investors an opportunity to get in on area of growth. At its IPO price of $21, Mobileye was valued at just $17 billion, resulting in minimal gains for Intel thus far. Intel will retain control of Mobileye and hold over 750 million shares of Class B stock, which has 10 times the voting power of Class A stock. Intel shares were down slightly on Wednesday and have lost about 47% of their value this year, while the Nasdaq is down 29%.

☆ Fact Check-Fabricated German satirical magazine cover featuring caricature of Ukraine’s Zelenskiy
▼ + stars: | 2022-10-25 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

An image is circulating online purporting to show the October cover of the German satirical magazine ‘Titanic’ featuring a caricature of Ukraine’s President Volodymyr Zelenskiy with text reading “eternal appetite” is fabricated. No such cover was published by the outlet, the magazine’s Editor-in-Chief confirmed to Reuters. The image shows the Titanic logo in red on the top left corner and a caricature of Zelensky centered across the purported cover. Julia Mateus, Editor-in-Chief of Titanic magazine confirmed to Reuters that the pictured cover was not an official Titanic cover. The outlet posted the official cover of the October edition via Twitter on Sept. 30 (here).

☆ LoveShackFancy built a pretty, skinny, rich-girl dreamworld. The fantasy was impossible to live up to.
▼ + stars: | 2022-10-24 | by ( Anna Silman | ) www.businessinsider.com time to read: +34 min

Suddenly, in the midst of discussing what Cohen should wear to the next LoveShackFancy store opening, there was the sound of glass clanging. (Another person confirmed hearing this exchange, though the person close to the company said multiple Zoom attendees did not recall it.) The person close to the company said, "It is not uncommon for trips to have dual purposes — they always generate content." Another time, during a visit to the Palm Beach store, Cohen freaked out after seeing staffers in sweatshirts and sneakers. "As with most contemporary fashion brands, we currently do not operate in the plus-size business," the person close to LoveShackFancy said.

☆ How Google's former CEO Eric Schmidt helped write AI laws in Washington without publicly disclosing investments in AI start-ups
▼ + stars: | 2022-10-24 | by ( Eamon Javers | ) www.cnbc.com time to read: +18 min

'Conflict of interest'Schmidt's investment was just the first of a handful of direct investments he would make in AI start-up companies during his tenure as chairman of the AI commission. Altogether, Schmidt and entities connected to him made more than 50 investments in AI companies while he was chairman of the federal commission on AI. To Poulson, Schmidt was simply given too much power over federal AI policy. The new entity would continue the work of the congressionally created federal commission, with many of the same goals and much of the same staff. More than a dozen staffers from the federal commission followed Schmidt to the new private sector project.

☆ A group of unionized Starbucks workers who were accused of assaulting and kidnapping a store manager are suing the company
▼ + stars: | 2022-10-18 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

A store manager reported staff to police after they asked for a pay raise, the lawsuit says. A video posted on TikTok by Starbucks Workers United, purporting to show the incident, shows the store manager pushing past an employee. As well as being suspended, the workers were also banned from all Starbucks stores in the US. Despite the police's statement, neither Starbucks nor the store manager have retracted their statement, according to the lawsuit. More than 235 Starbucks stores have voted to unionize, according to Starbucks Workers United, following the first company-owned US store in Buffalo, New York in December.

☆ Diagnostics firm Bio-Rad in talks to merge with Qiagen - WSJ
▼ + stars: | 2022-10-10 | by ( ) www.reuters.com time to read: +1 min

Oct 10 (Reuters) - California-based diagnostics company Bio-Rad Laboratories (BIO.N) is in talks to merge with Qiagen NV (QIA.DE), the Wall Street Journal reported on Monday, citing people familiar with the matter. U.S-listed shares of Qiagen rose 8% while Bio-Rad fell nearly 10% after the report. Register now for FREE unlimited access to Reuters.com RegisterBio Rad, which manufactures and supplies products such as laboratory apparatus, instruments and diagnostics, has a market-cap of $12.85 billion. Both Qiagen and Bio-Rad did not immediately respond to Reuters' requests for comments. Register now for FREE unlimited access to Reuters.com RegisterReporting by Bhanvi Satija in Bengaluru; Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

Flash-forward to today, at the peak of the midterm elections’ race, and the political landscape around reproductive freedom and abortion rights has massively shifted. The Supreme Court’s stunning decision to overturn Roe v. Wade in June swept away abortion rights, allowing the GOP to start making good on the draconian abortion measures they’ve long been cheerleading. And those voters are increasingly in the abortion rights camp. According to Gallup, women support abortion rights by a nearly 30-point margin. President Bill Clinton preferred to discuss abortion as “safe, legal and rare,” a catchphrase that many Democrats adopted later.

☆ RFK assassin Sirhan Sirhan challenges his parole denial
▼ + stars: | 2022-09-28 | by ( The Associated Press | ) www.nbcnews.com time to read: +3 min

SACRAMENTO, Calif. — Sirhan Sirhan, who assassinated presidential candidate Robert F. Kennedy in 1968, is asking a judge on Wednesday to free him from prison by reversing California Gov. Sirhan shot Kennedy moments after the U.S. senator from New York claimed victory in California’s pivotal Democratic presidential primary. Sirhan Sirhan shortly after assassinating Robert F. Kennedy in June 1968. AP fileBerry said she is challenging the governor’s reversal as an “abuse of discretion,” a denial of Sirhan’s constitutional right to due process and as a violation of California law. The ruling split the iconic Kennedy family, with two of RFK’s sons — Douglas Kennedy and Robert F. Kennedy Jr. — supporting his release.

☆ A new wave of UK port labor strikes begins, with 'massive impact' for Christmas supply chain
▼ + stars: | 2022-09-28 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +6 min

A striking dockworker on a picket line outside the Port of Liverpool during a strike in Liverpool, UK, on Tuesday, Sept. 20, 2022. The shop stewards who represent union workers accepted Peel Ports request for a meeting at the union office on Tuesday. Supply chain impact from second round of U.K. strikesThe latest development comes amid mounting labor issues linked to inflation at U.K. ports, with workers at the nation's largest port, Felixstowe, beginning another strike this week after one in August. "Unite made it clear that until they have reached their goals these waves of strikes will continue which will have a massive impact on the Christmas business and supply." The CNBC Supply Chain Heat Map shows the present situation at the ports.

☆ Trump fan who assaulted Officer Fanone on Jan. 6 sentenced to more than 7 years in prison
▼ + stars: | 2022-09-27 | by ( Ryan J. Reilly | Ryan J. Reilly Is A Justice Reporter For Nbc News. | ) www.nbcnews.com time to read: +3 min

WASHINGTON — A Donald Trump fan who brought his teenage son along as he assaulted then-D.C. police officer Mike Fanone and another officer at the Capitol on Jan. 6 was sentenced to more than seven years in prison on Tuesday. Former Metropolitan police officer Michael Fanone during a House select committee hearing on July 12. After Fanone's statement, a supporter of the Jan. 6 defendants called Fanone a "piece of s---." More than 850 people have been charged in connection with the Jan. 6 attack and more than 350 have pleaded guilty. The longest sentence of 10 years in federal prison went to an ex-NYPD officer who assaulted a D.C. cop with a flagpole and tackled him to the ground, and then lied on the stand about his conduct.

Search resuls for: "ted the of"

25 mentions found