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☆ Nobel economics prize goes to global inequality researchers
▼ + stars: | 2024-10-14 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +3 min

Three U.S.-based academics won the 2024 Nobel economics prize on Monday for their research into why global inequality persists, especially in countries dogged by corruption and dictatorship. The laureates have demonstrated the importance of societal institutions for achieving this,” said Jakob Svensson, Chair of the Committee for the Prize in Economic Sciences. Last year, Harvard economic historian Claudia Goldin won the prize for her work highlighting the causes of wage and labour market inequality between men and women. In 2019, economists Abhijit Banerjee, Esther Duflo and Michael Kremer won the award for work on fighting poverty. The economics prize has been dominated by U.S. academics since its inception, while U.S.-based researchers also tend to account for a large portion of winners in the scientific fields for which 2024 laureates were announced last week.

Persons: Simon Johnson, James Robinson, Daron Acemoglu, ”, Jakob Svensson, Alfred Nobel, Acemoglu, ” Acemoglu, Johnson, Robinson, Milton Friedman, John Nash —, Russell Crowe, Ben Bernanke, Claudia Goldin, Abhijit Banerjee, Esther Duflo, Michael Kremer, Victor Ambros, Gary Ruvkun, Japan’s Nihon Organizations: Royal Swedish Academy of Sciences, Economic Sciences, Bank, Sveriges, Massachusetts Institute of Technology, University of Chicago, Technology, Federal, Research, Harvard, U.S Locations: U.S, Hiroshima, Nagasaki

☆ India has a new nuclear-capable ballistic missile submarine. But can it catch up with China?
▼ + stars: | 2024-09-14 | by ( Brad Lendon | ) edition.cnn.com time to read: +10 min

CNN —India’s second nuclear-capable ballistic missile submarine joined its naval fleet late last month, a move the government says strengthens its nuclear deterrent as New Delhi casts a wary eye at both China and Pakistan. The de facto border between India and China, known as the Line of Actual Control, has been a longtime flashpoint between the two. India’s next ballistic missile subs could be years away, however, if history is any predictor of the future. Arighaat was launched almost seven years ago, and if that timeline from launch to commissioning applies to the next Indian ballistic missile sub, it won’t join the service until 2030. A type 094 Jin-class nuclear-capable ballistic missile submarine of the Chinese People's Liberation Army (PLA) Navy participates in a naval parade in 2019.

Persons: CNN —, Rajnath Singh, Janes, Arighaat, ”, Carl Schuster, Aksai, Matt Korda, ” Korda, won’t, SSBNs, Tom Shugart, ” Shugart, Jin, Kandlikar Venkatesh, Mark Schiefelbein, Venkatesh, It’s, Abhijit Singh, ” Singh, Korda, it’s, – Organizations: CNN, People’s Liberation Army, Indian Defense, India’s Eastern Naval Command, Missile Defense Advocacy Alliance, Pacific Command’s Joint Intelligence Center, Troops, Naval, Nuclear, Federation of American Scientists, India’s, Center, New, New American Security, US, United Nations Security Council, US Navy’s, Navy, Global Times, People's Liberation Army, PLA, Getty, Observer Research, Hindustan Times, MIRV Locations: Delhi, China, Pakistan, India, Visakhapatnam, Bengal, United States, Bay, Aksai Chin, Beijing, New American, Russia, United Kingdom, France, Britain, Ohio, AFP, Mumbai, Islamabad, Kashmir, New Delhi

☆ A bizarre comment stirred speculation India may try to match China's carrier fleet
▼ + stars: | 2024-06-01 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

During an interview with an Indian newspaper regarding plans to construct a third aircraft carrier, Defense Minister Rajnath Singh said India would build yet more. "He was only trying to dispel suggestions that the government is resistant to a proposal for a third aircraft carrier." They would also be less expensive, with the third Indian carrier estimated at around $5 billion, compared to $13 billion for a Ford-class carrier. On the other hand, there is a reason why America builds enormously expensive aircraft carriers. Despite its drawbacks, the aircraft carrier's aura and impact in peacetime operations are unmatched."

Persons: —, that's, it's, Rajnath Singh, Abhijit Singh, India's, Imtiyaz Shaikh, Queen Elizabeth, Singh, Michael Peck Organizations: Service, Indian Navy, Business, Indian, Defense, Observer Research Foundation, Getty, India, Soviet, Nimitz, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: India, New Delhi, China, Djibouti, Ream, Cambodia, Gwadar, Pakistan, Sri Lanka, Kyaukpyu, Myanmar, Fujian, Forbes

☆ We have to democratize AI, says NTT's global CEO
▼ + stars: | 2024-03-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe have to democratize AI, says NTT's global CEOAbhijit Dubey, global CEO of NTT and CEO designate of the merged NTT Data, discusses how he's positioning the business for artificial intelligence and the company's areas of investment.

Persons: Abhijit Organizations: NTT, NTT Data

☆ How Nobel economists spend their $1 million winnings
▼ + stars: | 2023-11-20 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

Every year, researchers in economics are awarded the Nobel Prize, alongside a hefty sum in winnings. All you have to do is bag a Nobel Prize. Franco Modigliani, an MIT professor who nabbed the Nobel in economics in 1985 , got about $225,000 in winnings. But, ultimately, he wanted to spend his winnings according to his own research on people's saving and spending habits. So when he was asked how he'd spend what was, in 2017 dollars, around $1.1 million in winnings, Thaler told reporters : "I will try to spend it as irrationally as possible."

Persons: —, Alfred Nobel, Claudia Goldin, it's, Goldin, Lars Heikenstein, Franco Modigliani, Modigliani, I'm, Modigliani isn't, Elinor Ostrom, Oliver E, Williamson, Esther Duflo, Abhijit Banerjee, Michael Kremer, Sir Angus Deaton, Richard Thaler, he'd, Thaler Organizations: Service, Sveriges, Economic Sciences, Guardian, Nobel Foundation, MIT, Washington Post, Indiana University, National Academy of Sciences, Fund for Research, Development, Harvard University, Boston Globe, University of Chicago Locations: Stockholm, United States of America

☆ Managers say Gen Zers aren't getting work done and lack basic social skills – and it's driving them crazy
▼ + stars: | 2023-08-31 | by ( Jordan Hart | ) www.businessinsider.com time to read: +5 min

Some Gen Z managers told Insider they're fed up with their young workers. While Gen Z employees struggle to fit in at work, some bosses aren't sure how to lead them. In a public callout, Insider asked managers to share their experiences overseeing Gen Z workers. More than 20 people, ranging from millennials to baby boomers, sent emails describing their experiences managing Gen Z. India-based career coach Abhijit Bhattacharya told Insider that many Gen Z employees are looking for more meaningful work over higher pay.

Persons: aren't, Gen, they're, Gen Zers, Zers, Jeff Elkins, Elkins, Amber Forrest, Forrest —, Sean Cusack, he's, Cusack, Abhijit Bhattacharya, Bhattacharya, Gianna Driver, Michael Yan, Z Organizations: Service, Wall Street Journal Locations: Wall, Silicon, Florida, India

SummaryCompanies Order intake down 8% in April-June periodQ2 EBITA 453 mln eur vs forecast 394 mln2023 EBITA margin now seen at upper end of provided rangeShares fall 5%July 24 (Reuters) - Health technology group Philips (PHG.AS) posted a fourth straight drop in order intake on Monday and warned that it expects global market conditions to remain highly uncertain, sending its shares down 5% from a recent 12-month high. The Amsterdam-based group, a former industrial conglomerate that now focuses on medical technology, said order intake had decreased 8% in the April-June period, the fourth quarterly fall in a row. Philips generates 15% of group sales in the People's Republic. New licensing requirements for its healthcare products in Russia were responsible for half the quarterly order decline, Jakobs said. ($1 = 0.8992 euros)Reporting by Diana Mandiá; Editing by Kirsten Donovan and David HolmesOur Standards: The Thomson Reuters Trust Principles.

Persons: Roy Jakobs, Jakobs, Philips, Abhijit Bhattacharya, Diana Mandiá, Kirsten Donovan, David Holmes Organizations: Health, Philips, European Union, ING, Thomson Locations: Amsterdam, United States, China, East, Turkey, Latin America, People's Republic, Russia, Ukraine

But Gilliam gave Borodaenko, who lives in Scotts Valley, California, three weeks to file an amended lawsuit further detailing his claims in the lawsuit, proposed as a class action. Borodaenko, a cancer survivor, claims that Twitter fired him in November when he refused to stop working remotely. The lawsuit is one of several that Twitter is facing stemming from Musk's decision to lay off about half of the company's workforce. Twitter has denied wrongdoing in those cases, including ones claiming that female employees were targeted for layoffs and that the company failed to pay promised severance. Liss-Riordan also represents nearly 2,000 former Twitter employees who have filed legal claims against the company in arbitration.

☆ ESG will be a heavy focus for tech leaders in 2023
▼ + stars: | 2023-01-04 | by ( Bob Violino | ) www.cnbc.com time to read: +5 min

Reducing the carbon footprint of IT operationsThere are a number of drivers moving ESG forward. One area of focus will be the need for reporting on ESG progress, as required by regulations. Nearly half of the respondents said their organization could not accurately report its carbon footprint. Efforts appear to be underway to enhance ESG reporting strategies. By 2024, IDC said, 75% of large enterprises will implement ESG data management and reporting software as a response to emerging legislation and increased stakeholder expectations.

☆ Meta Platforms appoints Sandhya Devanathan as India head
▼ + stars: | 2022-11-17 | by ( ) www.reuters.com time to read: 1 min

NEW DELHI, Nov 17 (Reuters) - Meta Platforms (META.O) appointed Sandhya Devanathan as its India head on Thursday, days after Ajit Mohan quit to join rival Snap Inc (SNAP.N). WhatsApp's India head Abhijit Bose and Meta Platforms's public policy director in India Rajiv Aggarwal also resigned earlier this week. The company has for years faced criticism for doing little to curb the spread of fake news and hate speech in India. Devanathan has been with Meta since 2016 and will move into her new role in January. Reporting by Tanvi Mehta; Editing by Himani SarkarOur Standards: The Thomson Reuters Trust Principles.

☆ Facebook Parent Meta Sees Executive Exodus in India
▼ + stars: | 2022-11-16 | by ( Newley Purnell | ) www.wsj.com time to read: 1 min

Three of Meta Platforms Inc.’s top executives in India have departed the company in recent weeks, with the Facebook parent changing the country’s reporting structure amid its first broad global restructuring, according to people familiar with the matter. The India head of Meta’s WhatsApp messaging service, Abhijit Bose , and Meta’s India public policy director, Rajiv Aggarwal, have resigned, a Meta spokeswoman said Wednesday. Their exits follow the departure announced earlier this month of Meta’s India head, Ajit Mohan .

☆ Meta's India public policy chief, WhatsApp's India boss quit
▼ + stars: | 2022-11-15 | by ( ) www.reuters.com time to read: +1 min

NEW DELHI, Nov 15 (Reuters) - WhatsApp's India head Abhijit Bose and Meta Platforms Inc's (META.O) public policy director in India Rajiv Aggarwal have resigned, a Meta spokesperson said on Tuesday. The departures follow the exit of Meta's India head Ajit Mohan, who quit this month after four years in the job to join rival Snap Inc (SNAP.N). A Meta spokesperson said both of the exits were unrelated to the current layoffs. Meta has appointed Shivnath Thukral as its new director for public policy in India and the company will look for a replacement for Bose, the spokesperson said. Couple of months back, the head of WhatsApp's India payment business, Manesh Mahatme, also quit to join Amazon India.

☆ Philips to Take $1.3 Billion Write-Down on Sleep-Apnea Business
▼ + stars: | 2022-10-12 | by ( Denise Roland | ) www.wsj.com time to read: 1 min

Royal Philips Chief Financial Officer Abhijit Bhattacharya said the company couldn’t speculate on the outcome, content or timing of any agreement with the Justice Department over a potential settlement. Royal Philips NV said it would write down the value of its sleep and respiratory care business by €1.3 billion, equivalent to $1.26 billion, as it grapples with the fallout from a huge recall of devices used to treat sleep apnea. The update came Wednesday as the Dutch healthcare conglomerate warned that worse-than-expected supply-chain disruptions would hurt third-quarter sales and profit. Philips said it expected third-quarter sales to decline 5% to €4.3 billion and for adjusted earnings before interest, taxes and amortization of around €210 million, sharply down from €512 million a year earlier. The company is set to report full earnings later this month.

☆ 9 green cloud startups that investors are betting on to cash in on a $2 trillion climate opportunity
▼ + stars: | 2022-08-31 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

Here are nine tech startups that analysts and investors are betting on to help reduce emissions. As the planet warms, tech companies are finding ways to reduce environmental impacts. Sustainability efforts will only grow as customers, investors, and employees put pressure on tech companies to disclose their environmental impact. Some offered insights on green cloud computing that informed the list, which includes companies making decarbonization software, carbon-offset measurement tools, and data-center cooling technologies. Here are the climate-tech startups analysts and investors say are worth betting on, from least to most capital raised.

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