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☆ A startup making spy drones being used in Ukraine got a funding injection from NATO
▼ + stars: | 2024-11-21 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +3 min

A dronemaking startup whose equipment is being used by the Ukrainian military got a cash injection from NATO. AdvertisementThe company has said its equipment is being used in Ukraine though not which of its models were sent. Drones are used for surveillance, to carry light supplies, for targeting assistance, and as weapons. AdvertisementThe battlefield features drones from around the world, spanning cheap consumer drones, high-end military hardware, and improvised systems. A new £60 million package of military support from the UK-administered International Fund for Ukraine will provide advanced new surveillance drones to support 🇺🇦's Armed Forces.

Persons: Ukraine —, tim e Organizations: NATO, NATO's Innovation, UK Ministry of Defence, Fund Locations: Ukraine, Ukrainian, Portuguese

☆ $2 billion marina development aims to turn Fort Lauderdale into 'mini Monaco'
▼ + stars: | 2024-10-30 | by ( Robert Frank | ) www.cnbc.com time to read: +3 min

Renderings of plans for a new development at the Bahia Mar marina in Fort Lauderdale, Florida. Courtesy: ArX CreativeA team of developers including Related Group is launching a $2 billion development at the largest marina in Fort Lauderdale, Florida, aiming to create a "mini Monaco," according to executives. Renderings of plans for a new development at the Bahia Mar marina in Fort Lauderdale, Florida. Renderings of plans for a new development at the Bahia Mar marina in Fort Lauderdale, Florida. Renderings of plans for a new development at the Bahia Mar marina in Fort Lauderdale, Florida.

Persons: —, Nick Perez, Jorge Perez, Jimmy Tate, Perez Organizations: Fort Lauderdale, Related, Miami, Tate Capital, Rok Enterprises, Fort, U.S, Enterprises Locations: Bahia Mar, Fort Lauderdale , Florida, Bahia, Fort, Fort Lauderdale —, South Florida, Monaco, Regis, Fort Lauderdale, Europe, Latin America

☆ Being nice may be the reason you're not getting promoted at work
▼ + stars: | 2024-06-27 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +8 min

Read previewIf you're good at your job and have a nice personality, you'll never get promoted. Mary McConner, the founder and CEO of Inclusive Excellence Consulting, told BI this is when high performers get overloaded with work because they are reliable. Advertisement"Unfortunately, performance punishment often leads to burnout and resentment because their good work isn't rewarded with advancement, but with more work," McConner said. Being nice but ballsy can pay offLuke Blaney, the managing director of the recruitment agency ARx, told BI there is "a lot of truth in the whole 'nice guys finish last' saying." She told BI that she thinks the notion of being a tough leader is "completely outdated."

Persons: —, you'll, Jacqueline Morris, Morris, jacqueline, Paul Bramson, Bramson, Cameron Anderson, Mary McConner, isn't, McConner, Mary Barnes, Barnes, Lawrence J, Peter, Luke Blaney, aren't, Blaney, it's, Carolina Caro, " Caro, Caro Organizations: Service, Business, Paul Bramson Companies, Universities of, University of Notre Dame, Cornell University, University of Western, National Academy of Sciences, University of California, Consulting, Partners Locations: Universities of Bristol , Minnesota, Heidelberg, University of Western Ontario, Berkeley, Canadian

The sanctions imposed by Treasury Department's Office of Foreign Assets Control target third-party firms and people alleged to assist Moscow in procuring equipment needed on the battlefield, including suppliers and shippers. In addition, the State Department imposed diplomatic sanctions targeting Russian energy production and its metals and mining sector. Thursday's sanctions targets include Turkish national Berk Turken and his firms, which are alleged to have ties to Russian intelligence. The latest sanctions build on the thousands of financial penalties imposed on Russian infrastructure and its officials, banks and oligarchs. He accused the U.S. and its allies of ignoring Russia’s demand to prevent Ukraine from joining NATO and offer Moscow security guarantees.

Persons: Berk Turken, Janet Yellen, Russia “, ”, SWIFT, Vladimir Putin Organizations: WASHINGTON, United Arab, Treasury Department's, Foreign, State Department, Treasury Department, United Arab Emirates, Financial Engineering, VTB Bank, Central Bank, NATO Locations: United States, Turkey, China, United Arab Emirates, Ukraine, Turkish, Russian, Russia, UAE, ARX, U.S, Moscow

☆ TipRanks reveals the top 10 Wall Street basic materials sector analysts
▼ + stars: | 2023-07-02 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +4 min

TipRanks recognized the 10 best analysts in the basic materials sector who delivered noteworthy returns and whose recommendations outperformed their peers. In the process, it analyzed every recommendation by analysts in the basic materials sector over the past 10 years. Then, TipRanks' algorithms calculated the statistical significance of each rating, analysts' overall success rate and the average return. Top 10 analysts from the basic materials sectorThe image below shows the most successful Wall Street analysts from the basic materials sector. T J Schultz — RBC CapitalT J Schultz has the 10th spot on the list, with a success rate of 63%.

Persons: Rafael Henrique, Lightrocket, TipRanks, Dan Payne, Bank Dan Payne, Payne, Leo Mariani — Roth MKM Leo Mariani, John Freeman — Raymond James Raymond James, John Freeman, Freeman, Poe Fratt, Global Partners Poe, Elvira Scotto —, Elvira Scotto, Vincent Lovaglio, Scott Hanold, Michael Harvey —, Michael Harvey, Harvey, Dalton Baretto, Canaccord Genuity Dalton Baretto, T J Schultz —, J Schultz Organizations: Bank, Birchcliff Energy, Resources, Vital Energy, Global Partners, Elvira Scotto — RBC, Crestwood Equity Partners, Mizuho Securities, Comstock Resources, RBC Capital RBC Capital, Matador Resources, Michael Harvey — RBC Capital, RBC Capital, Seven Generations Energy, Generations Energy, ARC Resources, T J Schultz — RBC, Targa Resources Locations: Canada

Oil companies are facing faltering prices and Canadian firms are also absorbing an unusually punishing discount for their heavy-grade crude. Net debt represents a company's gross debt minus cash and cash-like assets. It faced an existential threat in 2020 when the COVID-19 pandemic crushed oil prices. Canadian producers also absorb a $29 per barrel discount due to distance from U.S. refineries and lower heavy oil demand. If oil prices dip below $65, companies may tighten spending but opt to reduce capital budgets before shareholder returns, Bushell said.

☆ First international aid arrives in Ethiopia's Tigray since ceasefire
▼ + stars: | 2022-11-15 | by ( Tommy Wilkes | ) www.reuters.com time to read: +4 min

Ethiopian Prime Minister Abiy Ahmed's government and Tigrayan forces signed a ceasefire on Nov. 2 to end two years of fighting that have killed thousands, shattered infrastructure and uprooted millions from their homes. The ICRC described the delivery into the regional capital Mekelle as the first international aid into Tigray since a previous ceasefire broke in August. We have discussed, agreed and signed," Abiy told Ethiopia's national parliament in his first comments on the ceasefire since it came into force. Abiy said on Tuesday that a territorial dispute between forces in Tigray and the neighbouring Amhara region should be resolved legally and through discussion. Authorities in Amhara last week welcomed the ceasefire agreement but made no mention of the disputed territory.

☆ Givaudan's quarterly growth slows on North America weakness, shares fall
▼ + stars: | 2022-10-11 | by ( Silke Koltrowitz | ) www.reuters.com time to read: +2 min

An employee mixes liquid fragrances in a bottle in a laboratory of Swiss flavours and fragrances maker Givaudan in the town of Duebendorf, Switzerland November 5, 2015. Group sales rose 6.1% on a like-for-like basis and 7.7% in Swiss francs, reaching 5.458 billion Swiss francs ($5.45 billion) in the first nine months of 2022. However, sales in the group's taste and wellbeing unit that makes flavours for food and drinks fell 2.8% in North America, implying an even stronger slowdown in the third quarter. Givaudan's shares, down almost 37% so far this year, were 6.4% lower at 0801 GMT. Givaudan confirmed its mid-term target of 4-5% average organic sales growth per year on a like-for-like basis.

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