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☆ India climate crisis: Delhi suffers extreme weather whiplash as heat waves give way to record rain and deadly flash floods
▼ + stars: | 2024-07-01 | by ( Helen Regan | ) edition.cnn.com time to read: +7 min

Heavy rains caused roads to flood, submerged cars and subways and cut power to some parts of the city. Heavy rain caused a section of roof at New Delhi’s airport to collapse on Friday, crushing one man to death, and injuring eight others. In Uttarakhand, video posted by ANI News shows vehicles swept away following heavy rain being hauled out of floodwaters. Meanwhile, seasonal monsoon rains usually start in June until September, bringing bands of heavy rains from the southwest that quench fields, nourish crops, and replenish reservoirs. Last June, nearly half a million people in northeast India were affected by severe flooding after heavy rains battered the region.

Persons: ”, Navdeep, didn’t, Kalyani Saha, Sunita Narain, ” Narain, Narain, “ Organizations: CNN, Indian Meteorological Department, News, “ Rescue, Reuters, Disaster, Management, for Science, YouTube Locations: New Delhi, Delhi, “, New, Assam, Meghalaya, West Bengal, Sikkim, Bihar, Arunachal Pradesh, India, Uttar Pradesh, Capital Territory, Uttarakhand, India’s, Ladakh, Nepal, Lajpat Nagar

☆ India’s heat wave kills at least 33 poll workers as election wraps up in searing temperatures
▼ + stars: | 2024-06-02 | by ( Esha Mitra | ) edition.cnn.com time to read: +3 min

New Delhi CNN —India’s relentless heat wave killed 33 poll workers as the country concluded its final day of voting in the world’s largest general election, officials said, underscoring the impact of searing temperatures in recent days. Voters and election workers have endured an extended period of unusually high temperatures across much of the country’s north as India voted in a seven-phase election that began on April 19. Of that number, at least 43 were election workers, authorities said. The capital territory of Delhi sweltered to its highest-ever temperature of 49.9 degrees Celsius (121.8 degrees Fahrenheit) last week, as the oppressive heat wave forced authorities to impose water rationing. “Heat wave conditions over Northwest, Central & East India are likely to continue with reduced intensity during next 3 days,” the Indian Meteorological Department said on Sunday.

Persons: New Delhi CNN —, Navdeep Rinwa, They’re, Indranil Aditya Organizations: New, New Delhi CNN, European Union, Indian Meteorological Department, India, Central & East Locations: New Delhi, Uttar Pradesh, India, heatstroke, Varanasi, North America, Northwest, Delhi sweltered, Central, Central & East India

☆ Dick's says its youth sports app will bring in $100 million this year
▼ + stars: | 2024-05-29 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +2 min

Dick's Sporting Goods has something unusual for a retailer: an app to manage youth team sports. The service now boasts 5 million users who spend a half hour per day on the platform. Dick's says the business will bring in $100 million this year, in addition to driving retail sales. Now, the aptly named Game Changer platform is driving real revenue with some notable engagement, Dick's CEO Lauren Hobart told investors on the company's earnings call Wednesday. Hobart said last quarter saw 5 million users who spent a half hour per day on the platform, and Game Changer says it supports over a million teams and over 7 million games per year.

Persons: —, Lauren Hobart, Hobart, Navdeep Gupta Organizations: Sporting Goods, Service, Goods, Business, ESPN

☆ Tesla Needs to Fire Elon Musk As CEO If It Wants to Save Itself
▼ + stars: | 2024-04-24 | by ( Linette Lopez | ) www.businessinsider.com time to read: +11 min

There's only one person to blame for the company's shambolic state and only one person whose exit could save Tesla: Elon Musk. Investors want to see a concrete plan for a whole new fleet of Teslas made for a leaner, meaner EV market. The company needs a serious leader with practical ideas — no self-driving gimmicks, no blowtorches, no broken Cybertrucks, no shitposting, no video-game marathons, and no casual ketamine use. AdvertisementA true visionary CEO — which Musk has long claimed to be — would have pressed the advantage that Tesla developed in the EV market. He asserted that Tesla was not a car company but rather an AI robotics company.

Persons: Tesla, Elon, Musk, Gross, Teslas, Ross Gerber, Gerber Kawasaki, Tesla's, Gerber, Ron DeSantis, Navdeep Sodhi, innovating, —, Elon fanboys, Lex Luthor Organizations: Tesla, EV, Reuters, Bloomberg, Auto, Twitter, bungled, Sodhi, Fremont Factory Locations: Shanghai, San Jose, China, Elon, Germany, Texas, Beijing, Red, Berlin

☆ Elon Musk started a price war that Tesla can't win
▼ + stars: | 2023-11-12 | by ( Linette Lopez | ) www.businessinsider.com time to read: +15 min

Elon Musk has started an electric-vehicle price war that Tesla can't finish. In April, Ford CEO Jim Farley said Tesla's cuts could start an unsustainable price war. If it slides back into the red because of its price cuts, expect investors to run in another direction. In China, Tesla's price cuts even sparked protests among owners who paid more for their vehicles. Waging price war during a downturn is a challenge unlike any Tesla has faced before.

Persons: Elon Musk, Tesla, Mark Schirmer, crumb, John Zhang, Musk, —, he's, hasn't, — it's, Frederic J . Brown, Ford, John Lawler, Schirmer, I've, it's, Jim Farley, Elon, Oliver Zipse, Zhang, they're, they'd, Zach Kirkhorn, Linette Lopez Organizations: Cox Automotive, —, Revenue, Wharton School, Ford, BMW, Getty, GM, Mercedes, EV, Hyundai Locations: AFP, China

☆ I quit Amazon after 2 months. The job was as stressful as I'd read about.
▼ + stars: | 2023-10-30 | by ( Aria Yang | ) www.businessinsider.com time to read: +10 min

He said deadlines at Amazon were aggressive and that he felt he wasn't allowed to ask questions. We didn't have a lot of money, and I always believed that I needed a high-paying job to support my family. I was really happy I landed a job at Amazon right after graduation and felt a huge weight lift from my shoulders. I just wish I had known sooner that what happened while I was at Amazon didn't define me or my capabilities. AdvertisementAdvertisementIf you recently quit your big tech job and want to share your story, email Aria Yang at ayang@insider.com.

Persons: Navdeep Singh, Singh, —, didn't, I'd, I'm, Aria Yang Organizations: Amazon, Service, Washington State University, Google, YouTube Locations: Seattle, Reddit, ayang@insider.com

☆ The main reasons retailers are posting weaker profits this year have nothing to do with theft
▼ + stars: | 2023-09-13 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +5 min

A growing number of retailers are blaming retail theft for hurting their profits this year. Estimates say inventory shrink will exceed $100 billion for 2023, with over a third due to external theft. Inventory shrink is an accounting term that refers to several reasons merch goes missing, including damage, managerial errors, and, most conspicuously, theft. Dick's Sporting Goods cited an "alarming" rise in retail crime as responsible for one-third of the decline in merchandise profits for the last quarter. CFO Navdeep Gupta said the surprisingly high inventory losses were discovered as a result of the company's annual inventory audit.

Persons: merch, Lowe's, Brian Cornell, Navdeep Gupta, Dick's, — Organizations: Service, National Retail, CNBC, Dick's Sporting Goods, Cornell, Dick's, Goods Locations: Wall, Silicon

☆ Dick's CEO blames 'alarming' retail theft for a surprising profit drop: 'It's a problem for our entire country'
▼ + stars: | 2023-08-22 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

However, the number of incidents and the organized retail crime impact came in significantly higher than we anticipated," Gupta said. Gupta said inventory shrink accounted for one-third of the decline in merchandise profits. AdvertisementAdvertisementWhile theft is the largest contributor to inventory shrink, the figure also includes merchandise lost to damage or other errors. The National Retail Federation estimates that retail shrink cost retailers a combined $94.5 billion in 2021, up from $90.8 billion in 2020. AdvertisementAdvertisementEven with the higher rate of shrink, Gupta said the company is in better shape now than it was just a few years ago.

Persons: Lauren Hobart, Navdeep Gupta, Dick's, Gupta, Hobart Organizations: Sporting Goods, Service, Goods, National Retail Federation Locations: Wall, Silicon, Hobart

NEW DELHI/SYDNEY, March 8 (Reuters) - Australia’s Prime Minister Anthony Albanese arrives in India on Wednesday seeking to strengthen the new momentum in ties between the two countries through deeper trade, investment and defence relations. Quad includes the United States and India besides Australia and Japan. Australia is due to host a Quad leaders summit in Sydney later this year. “India and Australia share warm and friendly relations based on common values and democratic principles. Australian Minister for Trade and Tourism Don Farrell is a part of Albanese’s delegation and the visit is expected to provide an opportunity to hasten the ambitious deal.

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