DIRS.INFO The most relevant business & tech news

☆ Bill Ackman says Hindenburg's Adani report 'highly credible'
▼ + stars: | 2023-01-27 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Amit Dave/File PhotoJan 27 (Reuters) - Billionaire U.S. investor Bill Ackman said on Thursday that he found short-seller Hindenburg Research's report on India's Adani Group "highly credible and extremely well researched." Hindenburg's report also said it held short positions in Adani Group through its U.S.-traded bonds and non-Indian-traded derivative instruments. Adani Group has said that it is evaluating "remedial and punitive action" against Hindenburg, calling the report "maliciously mischievous, (and) unresearched." I found the Hindenburg report highly credible and extremely well researched," Pershing Square boss Ackman said in a tweet on Thursday. Adani Group did not immediately respond to Reuters request for comment.

☆ Bill Ackman says he finds short-seller's Adani Group report 'highly credible' – and notes similarities to 'pyramid scheme' Herbalife
▼ + stars: | 2023-01-27 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Hindenburg Research accused India's Adani Group of "brazen stock manipulation" in report published this week. Pershing Square CEO Bill Ackman said he found the short-seller's report "highly credible and extremely well researched". Adani Group had inflated its own valuation by manipulating the stock market and committing accounting fraud, the report had said. "I found the Hindenburg report highly credible and extremely well researched," Pershing Square Capital Management CEO Ackman aid on Twitter late Thursday. Ackman also compared Adani Group to Herbalife – the multi-level marketing company that Pershing Square unsuccessfully shorted between 2012 and 2017 in one of the billionaire investor's biggest-ever losses.

☆ Archaeologist hails possibly 'oldest' mummy yet found in Egypt
▼ + stars: | 2023-01-26 | by ( ) www.reuters.com time to read: +1 min

[1/7] People work at the site after the announcement of the discovery of 4,300-year-old sealed tombs in Egypt's Saqqara necropolis, in Giza, Egypt, January 26, 2023. REUTERS/Mohamed Abd El GhanyCAIRO, Jan 26 (Reuters) - Egyptologists have uncovered a Pharaonic tomb near the capital Cairo containing what may be the oldest and "most complete" mummy yet to be discovered in the country, the excavation team leader said on Thursday. The mummy, of a man named Hekashepes, was in a limestone sarcophagus that had been sealed in mortar. "This mummy may be the oldest and most complete mummy found in Egypt to date," Hawass, one of Egypt's former ministers of antiquities, said in a statement. Numerous statues were found among the tombs, including one representing a man and his wife and several servants, the statement said.

☆ Inside the private meeting at Jack Ma's apartment where he plotted to take on Silicon Valley with a trusted 'ragtag bunch' of early employees
▼ + stars: | 2023-01-24 | by ( Brian A. Wong | ) www.businessinsider.com time to read: +8 min

In one apartment, Jack, Lucy Peng, and a few other leaders worked alongside the firm's engineers. Everyone's enthusiasm flowed from their strong identification with the company's mission and Jack's vision, and if it was part of our mission, all believed, it was certainly achievable. In fact, in time, I would grow to better understand and more deeply embrace Alibaba's mission, vision, and values and the way they motivated our people. That's what Savio Kwan, Alibaba's first COO, did, codifying Jack's ideas into our company mission, vision, and values. Their efforts would form the basis of Alibaba's core mission, vision, and values statement— the guiding force or beliefs for Alibaba's development then and now.

The club is one of the world's biggest sporting brands and generated 689 million euros ($750.94 million) in revenue in 2021-22. "Chelsea getting sold in 2022 means a rate has been established on the value of a Premier League club," Joyce said. The Glazers bought United for 790 million pounds in 2005 in a highly-leveraged deal which has been criticised for loading debt onto the club. OLD TRAFFORD INVESTMENTThe Chelsea deal involved the new owners paying 2.5 billion pounds ($3.10 billion) to purchase shares while committing a further 1.75 billion pounds to invest in the club, particularly the stadium. Media reports suggest it would cost one to two billion pounds to renovate.

☆ How 'Cryptoqueen' Ruja Ignatova ended up as the only woman on the FBI's most-wanted list
▼ + stars: | 2023-01-22 | by ( Faith Karimi | ) edition.cnn.com time to read: +12 min

Ruja Ignatova is one of the FBI's 10 most-wanted fugitives -- the only woman currently on that list. FBIShe is now one of the FBI’s 10 most-wanted fugitives, alongside accused gang leaders and murderers, and is the only woman currently on that list. The bureau declined to provide additional details to CNN beyond court documents from the US Department of Justice, which did not list an attorney for Ignatova. “The cryptocurrency OneCoin was established for the sole purpose of defrauding investors,” IRS Special Agent John R. Tafur said in a statement. Less than two weeks later, on October 25, 2017, she boarded a commercial flight from Sofia, Bulgaria, to Athens, Greece, court documents said.

☆ Stopping the 'quiet quitting' trend could be all down to your boss
▼ + stars: | 2023-01-18 | by ( Sophie Kiderlin | ) www.cnbc.com time to read: +3 min

The idea of "quiet quitting" may not be anything new. Thierry Delaporte, CEO and managing director at IT company Wipro Limited, also sees quiet quitting as a chance for leaders to reflect on how they need to adjust to the changing labor force. The term quiet quitting was coined in 2022 on social media — with different definitions. People who were unable to resign or were unsuccessful in changing their work environment started asking questions, he said. Long term, it's not just about quiet quitting either, the Davos panel suggested.

110 30% 50 70 90 150 200 300 400 Short-term view: Past month Long-term view: Past 3 years Redding Redding Sacramento Sacramento San Francisco San Francisco Fresno Fresno Los Angeles Los Angeles San Diego San Diego 110 30% 50 70 90 150 200 300 400 Short-term view: Past month Long-term view: Past 3 years Redding Redding Sacramento Sacramento San Francisco San Francisco Fresno Fresno Los Angeles Los Angeles San Diego San Diego 110 30% 50 70 90 150 200 300 400 Short-term view: Past month Long-term view: Past 3 years Redding Redding Sacramento Sacramento San Francisco San Francisco Fresno Fresno Los Angeles Los Angeles San Diego San Diego 110 30% 50 70 90 150 200 300 400 Short-term view: Past month Redding Sacramento San Francisco Fresno Los Angeles San Diego Long-term view: Past 3 years Redding Sacramento San Francisco Fresno Los Angeles San Diego 110 30% 50 70 90 150 200 300 400 Short-term view: Past month Redding Sacramento San Francisco Fresno Los Angeles San Diego Long-term view: Past 3 years Redding Sacramento San Francisco Fresno Los Angeles San Diego 110 30% 50 70 90 150 200 300 400 Short-term view: Past month Long-term view: Past 3 years Redding Redding Sacramento Sacramento San Francisco San Francisco Fresno Fresno Los Angeles Los Angeles San Diego San Diego Source: PRISM Climate Group at Oregon State University Note: Data from the past six months is preliminary. California has built its water infrastructure — reservoirs, wells and irrigation systems — in part to account for the imbalanced timing in precipitation. California has a naturally variable climate: Periods of drought are punctuated by periods of wetter weather. A chart shows average snow water equivalent levels for each water year from 2003 through Jan. 17, 2023. Atmospheric rivers don’t always bring more snow; storms can actually shrink the snowpack if precipitation falls as rain instead of snow at high elevations.

Organizations: % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % %

☆ ‘Jack Ryan’ Star James Cosmo Says Having a Tough Father Influenced His Acting
▼ + stars: | 2023-01-17 | by ( Marc Myers | ) www.wsj.com time to read: 1 min

James Cosmo, 75, is a Scottish actor whose films include “Braveheart,” “The Pyramid Texts” and “The Kindred.” He currently co-stars in Netflix’s “Tom Clancy’s Jack Ryan” and in HBO’s “His Dark Materials.” He spoke with Marc Myers. My father was a fighting man all his life. The knuckles of his hands were often bloody, but he never harmed anyone in our family. He fought men. Sadly, that’s what he did in those days.

☆ Harry Styles and Wet Leg lead BRIT nominations
▼ + stars: | 2023-01-12 | by ( Sarah Mills | ) www.reuters.com time to read: +1 min

[1/3] Wet Leg perform on the Pyramid Stage during Glastonbury Festival at Worthy Farm in Somerset, Britain, June 24, 2022. REUTERS/Dylan MartinezLONDON, Jan 12 (Reuters) - Nominations for this year's BRIT Awards are out and it is Harry Styles and Wet Leg leading the way with four nods each. Announced via an online stream on Thursday, global pop star Styles and rock duo Wet Leg are both up for the coveted album of the year prize along with rap artist Stormzy, producer Fred again and pop rock band The 1975. Acts including rock band Arctic Monkeys, rapper Central Cee and singer-songwriter Ed Sheeran have several nominations. The rest of the winners will be announced at the BRIT Awards 2023 with Mastercard on Feb. 11, 2023, at The O2 arena in London where there will also be performances from artists including Sam Smith, Kim Petras and Wet Leg.

☆ On Pluto you could throw a baseball over the Great Pyramid of Giza, a scientist's animation reveals
▼ + stars: | 2022-12-27 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +3 min

An astronomer's animation reveals how far the average person could throw a ball on different worlds. On Pluto, your baseball could clear the Great Pyramid of Giza. Watch a ball throw on each planet in our solar system, plus Pluto and the moon, below. At just two-thirds the diameter of our moon, Pluto has such weak gravity that your baseball could clear the 455-foot-tall Great Pyramid of Giza — with room to spare. The video plays out in "real time," showing how long each ball throw would take, O'Donoghue said.

NEW YORK, Dec 16 (Reuters) - A dual citizen of Sweden and the United Kingdom pleaded guilty to U.S. fraud and money laundering charges on Friday for selling a fake cryptocurrency alongside one of the United States' most-wanted fugitives, a woman referred to as the 'Cryptoqueen.' The plea comes as prosecutors in the Southern District of New York (SDNY) ramp up enforcement of financial crimes related to digital assets. Prosecutors said Greenwood founded OneCoin in Sofia, Bulgaria in 2014 alongside Ruja Ignatova, a German citizen who prosecutors say is also known as the 'Cryptoqueen.' He is scheduled to be sentenced on April 5 for the three counts to which he pleaded guilty. He is currently detained in The Bahamas, where FTX is based, and is contesting a U.S. request for his extradition.

☆ FIFA and UEFA did not breach EU laws in blocking European Super League, but proponents aren’t for giving up
▼ + stars: | 2022-12-15 | by ( Sammy Mngqosini | ) edition.cnn.com time to read: +4 min

CNN —The decisions taken by soccer bodies FIFA and UEFA to block the European Super League (ESL) are in line with European Union (EU) competition laws, according to an EU Opinion issued on Thursday. “The FIFA-UEFA rules under which any new competition is subject to prior approval are compatible with EU competition law,” Advocate General Athanasios Rantos at the EU Court of Justice (CJEU) said. The ESL was set up in 2021 by 12 European clubs with the intention to break away from European football governing body UEFA to create their very own competition. FIFA also welcomes the Advocate General’s recognition of FIFA’s exclusive rights to market international competitions organized by FIFA. Fans of Chelsea Football Club protest against the European Super League outside Stamford Bridge on April 20, 2021.

☆ Factbox: Major cryptocurrency cases probed by U.S. authorities
▼ + stars: | 2022-12-14 | by ( ) www.reuters.com time to read: +5 min

BITMEX EMPLOYEESEmployees of BitMEX, including the cryptocurrency exchange's founders, pleaded guilty this year to willfully failing to establish, implement and maintain programs to prevent money laundering. The firm's cofounders pleaded guilty in federal court in New York and each agreed to pay a $10 million criminal fine. Another of the firm's employees also pleaded guilty, and agreed to a $150,000 fine. ONECOIN LTDIn 2019, U.S. authorities charged the alleged leaders of a multibillion-dolar pyramid scheme involving a fraudulent cryptocurrency called OneCoin. After a six-month court battle, Telegram agreed to pay an $18.5 million civil penalty and return $1.2 billion to investors.

She was 11, about his age, and both had little sisters who sold Girl Scout cookies and were adorable sprites who also drove them batty. They were at an age when little sisters could get in the way, no matter how cute they looked in a Girl Scout sash. Sadie could unload Girl Scout cookies as if she were giving away gold — she sold 1,400 boxes in 2022. And why was Sadie selling all those Girl Scout cookies? Their moms would bring them each to New York, along with their little sisters, in June.

☆ Defenses Carved Into the Earth
▼ + stars: | 2022-12-14 | by ( Marco Hernandez | Josh Holder | ) www.nytimes.com time to read: +16 min

This satellite image shows newly built Russian fortifications near one of the deadliest frontlines of the war in Ukraine. This satellite image shows newly built Russian fortifications near one of the deadliest frontlines of the war in Ukraine. An illustration of the main defensive structures built by Russians in Ukraine: an anti-vehicle trench, dragon’s teeth and pillboxes. Russian defensive fortifications built in November Fedorivka Russia has built multiple defensive lines behind the frontline on the outskirts of Popasna. A map showing defensive structures built by the Russians in Kherson Oblast.

☆ Police in China arrest gang who laundered $1.7 billion via crypto even after Beijing's crackdown
▼ + stars: | 2022-12-12 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

The gang are said to have used various different cryptocurrency trading accounts to convert the money back into Chinese yuan. Police in China arrested 63 people accused of laundering as much as 12 billion Chinese yuan ($1.7 billion) via cryptocurrency, amid Beijing's intense crackdown on the trading of digital coins. The authorities said more than 130 million Chinese yuan worth of proceeds was confiscated from the gang. Chinese users have typically turned to overseas-based exchanges to trade cryptocurrencies, but this became harder as the crackdown from authorities intensified last year. The authorities said two of the suspects had fled to Bangkok, Thailand, but were persuaded to return to China.

☆ King Charles visits Wrexham AFC, the soccer club owned by Ryan Reynolds and Rob McElhenney
▼ + stars: | 2022-12-10 | by ( Ben Church | ) edition.cnn.com time to read: +2 min

King Charles and the Queen Consort visited Wrexham AFC on Friday, the soccer club owned by Hollywood actors Ryan Reynolds and Rob McElhenney. Charles and his wife Camila were in Wrexham to celebrate its new city status and spoke to Reynolds and McElhenney about their plans for growing the club that they bought in 2021. Wrexham – the world’s third-oldest football club, currently plays in England’s fifth tier, far removed from the likes of Manchester United and Liverpool. King Charles spoke with manager Phil Parkinson and some of the players. Charles spoke with the first-team players during his visit and wished them luck for their next match away at Eastleigh on Saturday.

☆ Caspian seal deaths: Thousands of dead seals wash up in Russia's Dagestan
▼ + stars: | 2022-12-04 | by ( Mariya Knight | ) edition.cnn.com time to read: +2 min

CNN —Around 2,500 endangered seals have been found dead on Russia’s Caspian coast, state-run news agency RIA Novosti reported Sunday, citing authorities in the North Caucasus region. Caspian seals, the only mammals found in the Caspian Sea, have been classified as endangered on the International Union for Conservation of Nature (IUCN) red list since 2008. According to RIA, inspectors were patrolling the coastline in search of additional dead seals. Meanwhile, specialists from the Caspian Environmental Center were analyzing samples from the dead seals to identify the cause of death. The mass deaths come after more than 140 Caspian seals were found dead on Kazakh beaches of the Caspian Sea earlier this year, according to KASPIKA, an agency for the conservation of Caspian seals.

☆ Elton John to headline Glastonbury 2023, the last UK show in his farewell tour
▼ + stars: | 2022-12-02 | by ( Hafsa Khalil | ) edition.cnn.com time to read: +1 min

London CNN —Elton John will headline the Glastonbury Festival next summer in what will be the final UK show of his farewell tour, the festival announced Friday. John will top the bill on the Pyramid Stage on June 25, the music festival’s final night, Glastonbury organizer Emily Eavis said in a statement posted on the festival’s website. The Glastonbury Festival is held most years in Somerset, southwest England. “It gives me enormous pleasure to let you know that the one and only Elton John will be making his first ever Glastonbury appearance, headlining the Pyramid Stage on the Sunday night next year,” Eavis said. The performance will close the UK leg of John’s “Farewell Yellow Brick Road tour,” publicized as his last ever, with more than 300 dates before his retirement after 52 years of touring.

☆ Elton John to headline Glastonbury in final UK show of farewell tour
▼ + stars: | 2022-12-02 | by ( ) www.reuters.com time to read: +2 min

[1/5] Elton John performs "Bennie and the Jets" as he wraps up the U.S. leg of his 'Yellow Brick Road' tour at Dodger Stadium in Los Angeles, California, U.S. November 20, 2022. REUTERS/David Swanson/File PhotoLONDON, Dec 2 (Reuters) - Elton John will headline Glastonbury next summer, performing the last British show of his lengthy global farewell tour at the renowned music festival on Worthy Farm. John is coming towards the end of a "Farewell Yellow Brick Road" tour which began in September 2018. John ended the U.S. leg of his farewell tour with a star-studded show at the Los Angeles Dodger Stadium in November. He performs in Australia and New Zealand in January before kicking off the British tour in Liverpool in March.

☆ The Hotel Inside the Bass Pro Shops Inside the Pyramid
▼ + stars: | 2022-11-30 | by ( Dawn Gilbertson | Photographs Whitten Sabbatini For The Wall Street Journal | ) www.wsj.com time to read: 1 min

MEMPHIS, Tenn.—I settled into one of the giant black rocking chairs on the screened-in porch in my room at Big Cypress Lodge a few hours after check in. Rushing waterfalls in the distance soothed me after a day of Thanksgiving travel. Paul Simon’s “50 Ways to Leave Your Lover” provided a chill soundtrack. An overhead announcement jolted me back to reality.

Morehouse CollegeWhen Morehouse College made history by launching its first class in the metaverse last spring, Hamilton was one of 11 professors to teach students using virtual reality technology. Partnering with the VR tech company VictoryXR, Hamilton is creating his first full course in the metaverse on Black history. Morehouse College history professor Ovell Hamilton. “You can do that in virtual reality.”Muhsinah Morris is the director of the Virtual Reality Project at Morehouse College. Morehouse College students attending a “Meditation Mondays” event in space within the metaverse.

☆ New San Francisco clubhouse represents a milestone moment for executive women in tech
▼ + stars: | 2022-11-26 | by ( Jennifer Elias | ) www.cnbc.com time to read: +6 min

Executive women platform Chief opened a new clubhouse in San Francisco this week. ‘Sense that this is a first'On the opposite coast, a counterpart executive clubhouse just opened in San Francisco and it holds great meaning beyond its four walls. Chief's San Francisco clubhouse includes a full-service bar. A month after the San Francisco Chief club's opening, women say they already see it as a milestone moment that represents more than just a new building. “It’s interesting coming full-circle and it feels long overdue.”Executive women platform Chief opened a new clubhouse in San Francisco this week.

☆ Carlyle sees big in Japan auto industry as EV shift shakes supply chains
▼ + stars: | 2022-11-22 | by ( Makiko Yamazaki | ) www.reuters.com time to read: +2 min

TOKYO, Nov 22 (Reuters) - U.S. private equity firm Carlyle Group Inc (CG.O) aims to enlarge its footprint in the Japanese automotive sector as the global shift to electric vehicles (EVs) shakes the industry's supply chain, its executives said. With the world quickly moving to EVs, Japanese auto parts suppliers are reviewing strategies that were traditionally tailored for combustion-engine cars, Reiji Terasaka, who heads Carlyle's Japan industrial team, told Reuters in an interview. The Japanese auto industry used to draw strengths from its decades-old keiretsu system - a hierarchical pyramid of equity-interlocked suppliers with automakers sitting atop and ensuring business security. Automakers might not be able to support all kinds of keiretsu companies anymore, Terasaka said, adding that he anticipated changes to how the keiretsu system operated. The private equity industry "has evolved over the last 10 to 20 years from where there was more of a focus on costs," Bernasek said.

Search resuls for: "Pyramid"

25 mentions found