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☆ Davos 2023: What you need to know about the WEF on Wednesday
▼ + stars: | 2023-01-18 | by ( Kathryn Lurie | ) www.reuters.com time to read: +2 min

DAVOS, Switzerland, Jan 18 (Reuters) - Climate change came to the fore at the World Economic Forum's annual meeting, where U.N. Secretary-General Antonio Guterres called on business leaders to follow the principles outlined by an expert group to make credible net-zero pledges or risk greenwashing. The United Nations and standard setter the International Organization for Standardization launched the guidelines in November to become a reference text and help organizations come up with solid plans, avoiding slogans, hype and obfuscation. With activist Greta Thunberg set to arrive in Davos and meet International Energy Agency (IEA) executive director Fatih Birol on Thursday, climate change is set to remain centre stage. China could see a sharp recovery in economic growth from the second quarter onwards based on current infection trends after the dismantling of most COVID-19 restrictions, Gopinath said. For daily Davos updates in your inbox sign up for the Reuters Daily Briefing hereEditing by Alexander SmithOur Standards: The Thomson Reuters Trust Principles.

☆ Wall Street is feeling bearish, but a rare stock market pattern is hinting at a bull rally to kick off 2023.
▼ + stars: | 2023-01-18 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Traders gather on the floor of the New York Stock Exchange, Friday, March 18, 2016. There is little optimism for stocks among Wall Street's foot soldiers, according to the latest fund manager survey from Bank of America. As BofA pointed out, that means the so-called "pain trade" in the stock market is higher, and any sudden rally would catch investors off-guard. But Wall Street survey be damned, stocks seem to be on the brink of a rare, bullish trifecta. The surge has pushed the world's most largest crypto token to levels not seen since before the fall of FTX.

☆ They’re Cover Girls. They’re in Their 70s.
▼ + stars: | 2023-01-14 | by ( Rory Satran | ) www.wsj.com time to read: +1 min

Ninety-year-old Frances Dunscombe only began modeling at age 82 after the death of her husband. Now, several years into her modeling career, she’s done lingerie pictures, worn Prada in Hunger magazine and been on the cover of Harper’s Bazaar UK. Ms. Dunscombe, who lives in Surrey, United Kingdom, sees her mission as inspiring and advocating for older women. “I get extremely irritated when fashion editors promote the most frumpy of clothes for the older age groups,” she said. “Aren’t they aware of what is going on at the moment?

☆ Experts from Okta, Deloitte, and Verizon share how technology enables the future of work in a safe and collaborative way
▼ + stars: | 2023-01-12 | by ( Elle Hardy | ) www.businessinsider.com time to read: +4 min

One study found that knowledge workers waste 32 days per year toggling between apps and saving work. The conversation was part of Insider's event "Insider At CES: How Emerging Technologies Influence the Future of Work," which took place on Thursday, January 5, 2023. Sign up for our newsletter for the latest tech news and scoops — delivered daily to your inbox. At this hour-long event surrounding CES 2022, presented by Lenovo in partnership with Verizon, Paayal Zaveri, a senior tech reporter at Insider, spoke with Antar and other future-of-work experts and business leaders about how technology enables the future of work in a safe and collaborative way. It's predicted that up to 25% of the global workforce will continue to work remotely in a substantive way.

☆ China's 'great migration' kicks-off under shadow of COVID
▼ + stars: | 2023-01-07 | by ( Casey Hall | ) www.reuters.com time to read: +6 min

BORDER REOPENINGSunday marks the reopening of China's border with Hong Kong and the end of China's requirement for inbound international travellers to quarantine. More than a dozen countries are now demanding COVID tests from Chinese travellers, as the World Health Organisation said China's official virus data underreported the true extent of its outbreak. In Shanghai, for example, the city government on Friday announced an end to free PCR tests for residents from Jan. 8. China has relied on nine domestically-developed COVID vaccines approved for use, including inactivated vaccines, but none have been adapted to target the highly-transmissible Omicron variant and its offshoots currently in circulation. China reported three new COVID deaths in the mainland for Friday, bringing its official virus death toll to 5,267, one of the lowest in the world.

☆ 2022 was the year the Overconfidence Man fell back to earth
▼ + stars: | 2022-12-29 | by ( Maureen Tkacik | ) www.businessinsider.com time to read: +22 min

Naturally, Elon Musk, the platonic ideal of the peculiar self-aggrandizing, self-parodying personality type that thrived during the Trump years and peaked during the pandemic, tops this list. By 2022, the media had pronounced him variously the next Warren Buffett, J.P. Morgan and Charles Koch. "bye bye @trussliz Congrats to lettuce", tweeted Putin's one-time stand-in Dmitry Medvedev, to which Elon Musk could not resist replying, "pretty good troll tbh." Elon Musk speaks at the 2020 Satellite Conference and Exhibition in March 2020. Elon MuskIt's weird to recall now that Elon Musk once seemed like, graded on the billionaire curve anyway, a net positive for a cursed American society.

☆ Turned off Tesla by Elon Musk? Here are 4 great electric alternatives to its sedans and SUVs.
▼ + stars: | 2022-12-21 | by ( Tim Levin | ) www.businessinsider.com time to read: +4 min

Instead of a Model S, consider:The 2022 Mercedes-Benz EQS 580. Tim Levin/InsiderTesla's Model S sedan has historically been the electric car against which all new EVs are measured. Instead of a Model X, consider:The Rivian R1S. Rivian SUVs are backordered into oblivion as the company ramps up production, but they are available lightly used. Tim Levin/InsiderThere's a swarm of small electric SUVs on offer from Ford, Volkswagen, Audi, Volvo, and more.

The IMF's executive board on Friday approved a 46-month, $3 billion financial support package for Egypt, saying it included a "permanent shift to a flexible exchange rate regime". But we also know that the backlog of imports has not been cleared," Ivanna Vladkova Hollar, the IMF mission chief for Egypt, said in an interview with Reuters. "If I wanted to import something at 19.7 and the exchange rate is now 24.7, that's a significant change in my costs." An immediate disbursement of about $347 million under the programme should be available to Egypt this week, Vladkova Hollar said. Steps to boost the private sector could become "prior actions" that have to be taken before future IMF disbursements, she added.

The UK government has promised to overhaul the youth gender care system, after it was deemed inadequate by England’s regulator of health and social care. They described a deeply flawed system that is now hobbled by a toxic political climate around gender care. The letter said a decision would be made at some point from early 2022 on whether the child “is likely to meet the access criteria” for gender care. The family has received no NHS gender care or mental health support since the referral, she said. These recommended supporting “identity exploration” and mental health treatment as the first steps to ensure that any psychological issues are addressed.

☆ Harry and Meghan's Netflix series wraps up - but what is the effect on the royals?
▼ + stars: | 2022-12-15 | by ( Michael Holden | ) www.reuters.com time to read: +5 min

"It's like living through a soap opera where everybody else views you as entertainment," Harry said in one of the final episodes released on Thursday. "It looked cold, but it also felt cold," Harry said of his family's feelings towards him at their last official engagement. "The departure of Meghan and Harry from royal ranks has been far more damaging to the monarchy than the coverage that vilifies them understands or accepts," she told Reuters. But it bounced back to become more popular than ever, with Harry and his brother William to the fore. "Personally, I don't think that it will do lasting damage to the monarchy," royal biographer Claudia Joseph said of the Netflix (NFLX.O) documentary.

She said “the double standard was obvious” with the way that Catherine, Princess of Wales, had been treated by sections of the British media compared to Meghan, particularly during their pregnancies. “British media is disproportionately white, and that shapes the way stories are framed,” he said. In the third episode, footage shows Meghan and Harry attending a memorial service for Stephen Lawrence, a Black teenager killed in an attack by white youths in London in 1993. Instead, Harry refers to “unconscious bias” within the royal family, which Meghan helped to educate him on. Princess Michael of Kent attends a Christmas lunch for the extended royal family at Buckingham Palace on Dec. 20, 2017, wearing a "blackamoor" brooch.

☆ Britain's new 'winter of discontent' deepens as widespread strikes mount over festive period
▼ + stars: | 2022-12-14 | by ( Elliot Smith | ) www.cnbc.com time to read: +7 min

In recent weeks, upcoming strike actions have been announced by nurses, rail workers, postal workers, ambulance workers, airport staff, Border Force agents, highway workers, Eurostar staff, civil servants, bus drivers, firefighters, charity workers, meteorologists and offshore workers. For the public sector, real earnings were 5 percentage points lower, and Hollingsworth suggested that the growing gap had become "unsustainable." "I think there's clearly a lot of pressure here for some catch-up on the public sector side of things, and it's clear that there is that labor bargaining power there." "However, the gap between private and public sector pay narrowed slightly, with private sector pay up 6.9%, while public sector pay is up by 2.7%." However, with negotiations remaining fraught and unions showing no signs of backing down, he said some catch-up on public sector pay growth will likely be required to prevent further disruption.

☆ Charles Schwab's Liz Ann Sonders explains how to invest in the stock market as the economy stumbles through a 'rolling recession' - and shares her favorite book of all time
▼ + stars: | 2022-12-10 | by ( Phil Rosen | ) www.businessinsider.com time to read: +4 min

In an interview with Insider, Charles Schwab's Liz Ann Sonders explained her economic outlook for 2023. The US is already in the midst of a "rolling recession," she said. Sonders shared her stock investing strategy, as well as her favorite book of all time. That's because it's already arrived — but in the form of a "rolling recession." 'My absolute favorite book of all time'Sonders said her "absolute favorite book of all time" is the 1923 novel "Reminiscences of a Stock Operator" by Edwin Lefèvre, a first-person, fictional tale of a character inspired by the real-life day trader Jesse Livermore.

☆ Pentagon Reviews Munitions Needs as Ukraine Drains Stocks
▼ + stars: | 2022-12-09 | by ( Doug Cameron | ) www.wsj.com time to read: 1 min

The Pentagon is reassessing the U.S.’s stockpile of missiles, artillery shells and other munitions in light of the huge quantities consumed in fighting in Ukraine this year, and could find the U.S. needs to keep less ammunition in its arsenal because the Russians have fired so much of theirs, defense officials said. The sheer quantity of U.S.-made munitions that Ukrainian forces have shot at the Russians has stretched U.S. stocks and worn out howitzer barrels, military officials and company executives said. It has brought to the fore years of underinvestment in munitions manufacturing and purchasing, which the Pentagon said it aims to reverse.

☆ The West just scrambled the oil market. What happens next is up to Russia
▼ + stars: | 2022-12-05 | by ( Julia Horowitz | ) edition.cnn.com time to read: +7 min

The European Union now prohibits Russian crude oil imports by sea, setting up the bloc to have phased out 90% of oil imports from Russia. It’s a huge move given that Europe received roughly a third of its oil imports from Russia in 2021. In 2021, the EU imported €48 billion ($50.7 billion) worth of crude oil and €23 billion ($24.3 billion) of refined oil products from Russia. Countries like Poland and Estonia wanted a lower price cap, emphasizing that $60 is too close to the current market price for Russian oil. “Today’s oil price cap agreement is a step in right direction, but this is not enough,” Estonian foreign minister Urmas Reinsalu tweeted Friday.

☆ Flu and RSV Are Sickening More Kids This Year
▼ + stars: | 2022-12-02 | by ( Brianna Abbott | ) www.wsj.com time to read: 1 min

After two years in the background, RSV and the flu have roared to the fore in pediatricians’ offices and children’s hospitals across the country. Pediatric hospitals have been strained for weeks by an early surge in common seasonal pathogens including respiratory syncytial virus, or RSV. Hospitalizations for RSV among kids under 5 are outpacing those for Covid-19, CDC data show. Public-health experts said the crush of patients is likely due in part to a larger pool of susceptible children compared with prior seasons, giving the virus more room to spread as people mingle indoors.

☆ Italian photo master Barbieri's fashion works on exhibit in Milan
▼ + stars: | 2022-11-28 | by ( Federico Maccioni | ) www.reuters.com time to read: +2 min

[1/11] A photo that portrays Czech-Italian model Eva Herzigova is seen at the exhibition "Unconventional”, a selection of unseen colour photographs by Italian fashion photographer Gian Paolo Barbieri, is seen in Milan, Italy, November 28, 2022. REUTERS/Flavio Lo ScalzoMILAN, Nov 28 (Reuters) - From exotic and colourful settings for Vogue Italia to model Eva Herzigova eating spaghetti, a new Milan exhibition looks at the previously undisplayed work of acclaimed Italian fashion photographer Gian Paolo Barbieri. Previously unseen works are also on display. Barbieri came to the fore of international fashion photography in the 1960s. "(Today) we see Gian Paolo in colours" and "it is beautiful to have such an artist still expressing his point of view today in Italy," added Italian Fashion Chamber President Carlo Capasa.

☆ Lionel Messi helps keep Argentina’s World Cup hopes alive with moment of magic against Mexico
▼ + stars: | 2022-11-26 | by ( Matias Grez | ) edition.cnn.com time to read: +1 min

CNN —Yet another moment of Lionel Messi magic helped salvage Argentina’s World Cup hopes at Qatar 2022 as La Albiceleste secured a much-needed victory over Mexico. The 2-0 win certainly wasn’t pretty, with Argentina struggling to create many clear-cut chances against a stubborn Mexico team that itself also offered very little threat going forward. Messi came to the fore just after the hour mark to save his team, as he has done on countless occasions, finding the bottom corner of the net with a stunning strike from outside of the box. Though a win against Mexico on Saturday was crucial, Argentina coach Lionel Scaloni will also have wanted to see a much-improved performance as proof that the loss to Saudi Arabia was nothing more than a blip. However, that performance never materialized with Argentina looking stale and lifeless for much of the game.

☆ Putin's supporters call for the liquidation of Ukraine as 'genocidal rhetoric' swells
▼ + stars: | 2022-11-25 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +5 min

Alexander Nemenov | Afp | Getty ImagesProminent supporters of Russian President Vladimir Putin are using increasingly "genocidal rhetoric" when discussing and demonizing Ukrainians, analysts note, with some pro-war commentators cheering the concept of the "liquidation" of the modern state of Ukraine. "To be a 'Ukrainian' one does not even have to speak the Ukrainian language (which is also still being formed). "All this can be stopped only through the liquidation of Ukrainian statehood in its current form," Medvedev said. Another popular motif being used by pro-war, pro-Putin bloggers is characterizing Ukraine and Ukrainians as "evil" or "sadists" or "Satanists." "As ISW has previously reported, Russian President Vladimir Putin has similarly employed such genocidal language in a way that is fundamentally incompatible with calls for negotiations."

☆ Analysis: Gains for Malaysia's hardline Islamist party a challenge for new PM Anwar
▼ + stars: | 2022-11-25 | by ( A. Ananthalakshmi | ) www.reuters.com time to read: +5 min

[1/4] A pillion waves a Pan-Malaysian Islamic Party (PAS) flag on the eve of Malaysia's general election at Permatang Pauh, Penang, Malaysia November 18, 2022. Anwar, who is ethnic Malay and Muslim, addressed race and religion in his first news conference as prime minister, promising to uphold Islam as the official religion of the country and the rights of the ethnic Malay majority, while also safeguarding the rights of all. Race and religion are thorny issues in Malaysia, where Muslim ethnic Malays form a majority in a country with significant ethnic Chinese and ethnic Indian minorities, most of them Hindu, Buddhist or Christian. As the biggest party in parliament, PAS could push for Islamisation and more affirmative action for Malays - a long-standing policy that Anwar has opposed, analysts said. "They see PAS as a clean party and its political leaders have no integrity problems," said Mohd Izani.

☆ This Is Your Brain on ‘Deep Reading.’ It’s Pretty Magnificent. - The New York Times
▼ + stars: | 2022-11-22 | by ( The Ezra Klein Show | ) www.nytimes.com time to read: +57 min

But if over time, we have begun to elaborate this brain so that it includes deep reading, the unnatural apex of the achievement of reading is what deep reading provides. And every time I get off of a plane, I say to myself, I’m going to do that more. I’m going to sit and I’m going to have quiet time with a book. I’m going to bring this to me in a second, so I’m not just putting this on little kids. maryanne wolfThe first thing I do is understand the purpose of whatever I’m reading.

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☆ Black tech workers at Apple, Google, Shopify and more shed light on what it's like inside their companies right now
▼ + stars: | 2022-11-18 | by ( Monica Melton | ) www.businessinsider.com time to read: +4 min

Over one hundred tech companies like Apple, Google, Amazon, and Shopify were represented at the event. Black tech workers shared insights, hopes and fears about the current economic environment. But at a time when tech companies across sectors are scaling back hiring and doing mass layoffs, job prospects can feel slim. An Apple employee who asked not to be identified talking to media noted Apple is doubling down on its minimal remote work policy. It's a tumultuous time to be in tech and Black workers may be feeling that in a different way.

☆ Black tech workers at Apple, Shopify, Google, explain the anxious mood at their companies right now, but remain excited for the future
▼ + stars: | 2022-11-18 | by ( Monica Melton | ) www.businessinsider.com time to read: +4 min

Over one hundred tech companies like Apple, Google, Amazon, and Shopify were represented at the event. Black tech workers shared insights, hopes and fears about the current economic environment. The brainchild of Blavity CEO Morgan DeBaun, AfroTech, in its sixth year, is a gathering of Black professionals and companies that hope to hire them. But at a time when tech companies across sectors are scaling back hiring and doing mass layoffs, job prospects can feel slim. It's a tumultuous time to be in tech and Black workers may be feeling that in a different way.

☆ Rail strike potential grows, threatening to worsen supply chain backlogs, inflation
▼ + stars: | 2022-11-17 | by ( Eli M. Rosenberg | Eli Rosenberg Is An Investigative Tech Reporter For Nbc News. | ) www.nbcnews.com time to read: +12 min

That’s how much paid sick leave some freight rail workers are demanding from the rail companies before they sign new contracts. Rail workers say years of grievances about workforce cuts, coupled with new scheduling requirements, have pushed them to the brink of exhaustion. But if any of the unions decides to strike, all rail unions will honor the work stoppage. Kennedy said the union had never agreed to higher wages at the expense of a benefit like paid sick leave. “A rail strike, even one of short duration, would be catastrophic,” said John Drake, a vice president at the Chamber of Commerce.

☆ CBS' Kelly Kahl is the fourth major TV network chief to exit in 6 weeks and it shows how the streaming wars are disrupting power in Hollywood
▼ + stars: | 2022-11-16 | by ( Elaine Low | ) www.businessinsider.com time to read: +1 min

Kelly KahlThe CBS Broadcast Center in Manhattan. Thomson ReutersAfter 26 years at the network, including over five years at the top, Kelly Kahl is leaving his post at CBS amid a broader restructuring and streamlining at Paramount Global. Kahl also presided over the network when it introduced its trio of "FBI" dramas, hit comedy "Ghosts," and Queen Latifah starrer "The Equalizer," Cheeks noted. In his stead is Amy Reisenbach, who is stepping into the role of CBS Entertainment president to oversee the network's primetime, daytime, and late night creative departments, according to the company. A CBS veteran who has been there since 2005, she has occupied programming roles at both the network and the studio.

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