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☆ Hiring Is Broken. LinkedIn Thinks AI Can Fix It, and Help Your Career.
▼ + stars: | 2024-10-29 | by ( Amanda Hoover | ) www.businessinsider.com time to read: +9 min

It was an AI recruiter. And LinkedIn wants to fix the disconnect, in part by fighting AI … with AI. AdvertisementEarlier this year, the company rolled out new AI tools to premium subscribers. ZipRecruiter also rolled out revamped AI tools to help job seekers find better matches this summer. AdvertisementCanseco has not yet tried LinkedIn's AI tools because she isn't a premium user, but she could get access to them soon.

Persons: Paloma Canseco, She's, Robin, Canseco, Robin wasn't, I'm, Rohan Rajiv, Rajiv, Monster, résumés, Hayley Finegan, Finegan, who's, Josh Bersin, they're, Julia Pollak, ZipRecruiter's, ZipRecruiter, Millie Black, she's, Black Organizations: LinkedIn, US Bureau of Labor Statistics, Human Resource Management

☆ How to know when to walk away from a job offer: ‘A red flag is there for a reason,’ says expert
▼ + stars: | 2024-10-25 | by ( Gili Malinsky | ) www.cnbc.com time to read: +2 min

As a jobseeker, it's easy to feel like any job opportunity is a good one. "Getting to a job offer is a great thing," says Amanda Augustine, career expert at TopResume. Here's how to tell if a job opportunity is right for you, and how to walk away if it's not. If the offer they give you can't match your must-haves — even after you've tried negotiating — it might be time to walk away. The second reason a job might not be the right opportunity is that you detect it has a certain environment that wouldn't be best for you.

Persons: Amanda Augustine, it's, Stacie Haller, you've, Augustine, Haller

☆ I tried a tool that lets your coworkers rate your character. The startup behind it wants employers to use it for hiring.
▼ + stars: | 2024-10-13 | by ( Tim Paradis | ) www.businessinsider.com time to read: +10 min

Kanny is a startup that uses character assessments to improve the hiring processes for employers. My coworkers — geniuses, all — made the evaluation using a tool from the startup Kanny, which aims to improve hiring by assessing what it calls a job candidate's work character. It is character," Kanny CEO and cofounder Sean Vassilaros told me. Yet the control that job seekers have, Vassilaros said, is in shaping the narrative of who they are. Samuels has also seen job seekers pass along proprietary information from their current employer to try to impress a prospective boss.

Persons: —, Sean Vassilaros, It's, Kanny, Vassilaros, I'm, whittle, Kyle Samuels, Samuels, Rebecca Arnold, Root, she's, Arnold, they've, you've Organizations: Service, Creative Talent, Consulting, LinkedIn Locations: Patagonia, Kanny

She found exactly what she was looking for in the NBC missing persons procedural drama “Found,” which returns for its sophomore season on Thursday. That story cited the Black and Missing Foundation, a nonprofit dedicated to bringing awareness to missing people of color. Okoro Carroll did not consult the organization until the end of the first season, but said the founders have given their seal of approval. Okoro Carroll began researching the role that public relations play in missing persons cases, which the Department of Justice has said can add up to 600,000 new missing people every year. Trae Patton / NBCUniversalAt the time, Okoro Carroll knew that a show with a deeply flawed Black female lead would be a hard sell for network TV.

Persons: Veronica Fisher, ” Shanola Hampton, Nkechi Okoro Carroll, Hampton, Gabi Mosley, ” Hampton, hasn’t, ”, Okoro Carroll, Gabi, Sir, “, Mark, Paul Gosselaar, Nkechi Okra Carroll, Shanola Hampton, Kelli Williams, Trae Patton, Shonda Rhimes, Kerry Washington’s Olivia Pope, Viola Davis ’ Annalise Keating, —, antiheroes, Viola, Kerry, Shonda, Gaby “, I’m, Brett Dalton, Mark Trent, Anisa Nyell Johnson, Shaker, Karan Oberoi, Dahn, Margaret, NBC's, Matt Miller, Gabi’s, Lacey, Gabrielle Walsh, she’s, He’s, Sonay Hoffman, we’re, we’ve Organizations: Showtime, NBC, “, NBC News, D.C, Department of Justice, Bell, Comcast Locations: Washington, Pasadena , Calif, Hampton, “

☆ Diddy's 'attack the accuser' defense could easily backfire — but it may be all he has
▼ + stars: | 2024-09-20 | by ( Laura Italiano | Jacob Shamsian | ) www.businessinsider.com time to read: +10 min

AdvertisementBut as ugly as it is, going on the attack may be Combs' only defense, former federal prosecutors told Business Insider. Related storiesThose limits are set down in a section of the federal evidence statute known as "Rule 412." AdvertisementAgnifilo also mentioned a recorded conversation in which Ventura's lawyer asked Combs' lawyer for $30 million to keep the R&B star from publishing a tell-all book about the relationship. "That conversation, I guess, didn't go so well for her and the lawyer," Agnifilo said. Attacking the accuser can backfire at trialIf a judge does allow Combs to air his blame-the-accuser defense, it may backfire before a jury.

Persons: —, Sean Combs, Cassandra, Cassie, Ventura, Marc Agnifilo, Combs, Agnifilo, he'd, Johnny Depp, Amber Heard, Depp, Ephraim Savitt, Savitt, Agniflo, Diddy, — Combs, Andrew Carter, Jennifer Beidel, Sean, Jane Rosenberg, didn't, Jeff Kravitz, FilmMagic, Elizabeth Geddes, Kelly, Geddes Organizations: Service, Business, Prosecutors, Combs, FBI, Shihata, Geddes LLP Locations: Manhattan, besmirching, Dykema, Ventura, Brooklyn, Geddes

☆ This under-the-radar stock in Nvidia's supply chain is a 'hidden gem,' Jefferies says
▼ + stars: | 2024-09-20 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

One global stock stands out as a "unique play" in the Nvidia and artificial intelligence supply chain, according to Jefferies. It's German semiconductor firm SUSS MicroTec , Jefferies said in a Sept. 17 report, calling it a "hidden gem" among European semiconductor firms. The investment bank initiated coverage of the stock at a buy rating and a target price of 76 euros ($84). The firm has "multi-layered exposure" to an advanced packaging technology called Chip-on-Wafer-on-Substrate, said Jefferies, explaining that it's used to make AI chips. SUSS sells its products to two major high bandwidth memory suppliers and TSMC, to be used in the production of that advanced packaging.

Persons: Jefferies, MicroTec, it's, SUSS, — CNBC's Michael Bloom Organizations: Nvidia, U.S, Jefferies, NVIDIA Locations: TSMC

☆ Inside the guidance high-net-worth individuals are getting from money managers ahead of elections
▼ + stars: | 2024-09-11 | by ( Laila Maidan | ) www.businessinsider.com time to read: +7 min

The top 1% aren't the only ones with a target on their backs: Those in the $400,000 to $1 million income bracket could see their capital gains tax rise under her. There has also been concern about whether the step-up in basis, a provision that adjusts capital gains taxes for inherited assets, could be repealed. A 1031 Exchange is popularly used to sell and buy investment property while deferring capital gains tax until future generations inherit it. Once they do, a step-up basis can be used to dismiss those previous capital gains taxes. AdvertisementAs for any impacts from the Trump administration, unilateral trade sanctions and tariffs would hurt the economy and be depressive to the market, Malek said.

Persons: Donald Trump's, Kamala Harris, Kent Smetters, it's Harris, Smetters, Harris, Mark Malek, Siebert, Malek, Mike Reynolds, Reynolds, Harris hasn't, Trump, Sandi Bragar Organizations: Service, Democratic, Penn Wharton Budget, Business, Biden, Nvidia, Fund Locations: Wall, Washington, Rhode Island , New York , California, Nebraska , Indiana , Wyoming, China

☆ There's some really bad career advice on TikTok. Here are some of the worst tips you should ignore.
▼ + stars: | 2024-08-01 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +7 min

Honesty is crucialIffi Wahla, the cofounder and CEO of global talent network Edge, told BI the amount of misguided advice circulating on TikTok is concerning. AdvertisementBeing too genericSome career advice TikTokers encourage spamming LinkedIn and other job sites with hundreds of the same documents. Related storiesBut recruiters talk, Chapman and Wahla told BI. 'Act your wage'Martin Morris, an associate director at the recruitment agency Talos360, told BI the worst advice he's seen is to "act your wage." AdvertisementInstead, Lovell recommended briefly covering something you didn't discuss during the interview that shows you are a good fit for the role.

Persons: —, Wahla, Jill Chapman, Chapman, Martin Morris, Morris, Lovell, Chris, it's, she's Organizations: Service, Business, ageism, Insperity, SoFi Technologies, ATS Locations: —

☆ A brain expert explains the cognitive test used to assess a president's mental fitness. It's not easy.
▼ + stars: | 2024-07-10 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +10 min

There are also concerns about 78-year-old Republican nominee Donald Trump's fitness for office — registered voters are split on whether he still has the cognitive skills for this job. "I have a cognitive test every single day," he added, alluding to the requirements of his job. Trump continues to boast that he "aced" the basic cognitive tests he took over four years ago, when he was president. These cognitive tests only rule out disease. Doctors themselves have resisted mandatory cognitive tests for older physicians — in part because it's ageist, but also because memory tests don't tell you whether someone is good at their job.

Persons: —, Biden, Donald Trump's, neuropsychologist Joel Kramer, might've, Trump, Kramer, Dusan Stankovic, he's, There's, Biden's, George Stephanopoulos, Sanjay Gupta, Stephanopoulos, it's Organizations: Service, Republican, Business, University of California, SAGE, The Ohio State University, telltale, FDA, White Locations: San Francisco, Montreal

☆ A simple test to see if someone is using dark psychology tricks on you during a date
▼ + stars: | 2024-07-02 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. But figuring out whether a date uses dark psychology tricks is more nuanced than scanning their potential red flags. Instead of trying to suss out if your charming date is a dark empath, Wright said there is a healthier — and much simpler — way to tell if a romantic partner is shady. The first is to actively learn what a healthy relationship looks like, even if it seems contrary to what feels natural. The other is to engage in somatic exercises and mindfulness so that you feel more connected to your body physically.

Persons: —, Annie Wright, Wright, I've Organizations: Service, Business Locations: Berkeley , California

☆ Red flags that suggest a job posting doesn’t offer a 'competitive salary' as it claims, recruiters say
▼ + stars: | 2024-06-20 | by ( Alex Koller | ) www.cnbc.com time to read: +3 min

Job postings that claim to offer a "competitive salary" are on the rise, putting more onus on job seekers to suss out how much money they can expect from a new role. If you're at the start of a hiring process without pay clarity, there may be early indications that the promise of a "competitive salary" is an empty one. Here are some red flags to watch out for in your conversations with recruiters and hiring managers. But if the company continues to evade the pay conversation after multiple interviews, that's a clear red flag, according to Hyman. Why don't you take some time to digest it and circle back once you have established [the compensation] level?'"

Persons: Bonnie Dilber, Dilber, Jeff Hyman, that's, Hyman, they've

☆ This popular resume advice is 'a waste of time', says former head of talent acquisition at Nike
▼ + stars: | 2024-06-06 | by ( Gili Malinsky | ) www.cnbc.com time to read: +1 min

When you're applying for a job, many career experts will tell you to tailor your resume to the job description. They recommend sifting through its requirements to see what's most relevant for the role and tweaking your resume accordingly. Longtime HR executive James Hudson, who's led talent acquisition at companies like Nike and Levi Strauss & Co., disagrees with this approach. "It's bad advice to customize your resume" for every role, he says. But the job description itself might not give a 100% sense of where the emphasis will be on day-to-day job duties.

Persons: James Hudson, who's, Levi Strauss, they're, Hudson Organizations: Nike

Since the constitutional right to abortion was taken away in Dobbs v. Jackson Women's Health Organization in 2022, Democratic spending on abortion-related ads has jumped. Line chart showing the percentage of television ad spending devoted to abortion from 2018 to 2024. Democratic spending jumped up to around one-third in 2022 after the Dobbs ruling and has stayed high. In the first four months of this year alone, 48 percent of Democratic ad spending on broadcast networks in Pennsylvania centered on abortion. Democrats are seizing the moment, devoting two-thirds of their ad spending to abortion there.

Persons: Roe, Wade, Dobbs, Emily Holzknecht, Adam Westbrook, Trump, overperformed, —, N.M, Andy Beshear’s, Daniel Cameron’s, Mr, Biden Organizations: Democratic, Republican, Republicans, Jackson, Health Organization, Democrats, Republicans Pennsylvania, Arizona, Michigan, Georgia, Wisconsin, Supreme Court, Data, Pew Research, Ore ., Nev . Ohio Ill, Conn . Iowa Pa, Ind, Del . Utah Colo, Religion Research Locations: Dobbs v, Pennsylvania, Michigan, Arizona, Georgia, . Arizona, . Maine, Mont, Minn . Vt, Ore, Ore . Idaho, Wis, N.Y, S.D . Mich, R.I, Wyo, Conn . Iowa Pa . N.J, Nev . Ohio, Del . Ind . Utah Md, Colo, W.Va . Va . Calif, Kan, Mo, Ky, N.C, Tenn, Okla, ., N.M . Miss ., Ala . Texas, Fla . Alaska Hawaii, Conn . Iowa, Neb . N.J, Del . Utah, W.Va . Md . Va . Calif, United States, Nevada , Arizona , Montana , Colorado, South Dakota , Nebraska , Missouri , Arkansas, Florida , New York, Maryland, Nevada , Arizona , Wisconsin , Michigan, Kentucky, Gaza, Ukraine

☆ Peloton's demise is another in a long line of failed fitness fads
▼ + stars: | 2024-05-15 | by ( Emily Stewart | ) www.businessinsider.com time to read: +11 min

Peloton isn't going under imminently, but let's be real here: No fitness fad lasts forever. While there was a lot that went wrong, the long and short of it is that Peloton failed to read the room on its pandemic popularity. "It's not that Peloton isn't a good business model; it's that it simply isn't a mass product but more of a niche, luxe one," she said. Investors have soured on the company, and Peloton's once $50 billion market cap has fallen to under $2 billion. It also has to contend with the gym, which has all sorts of classes and fitness equipment that let people mix things up, including, in many cases, Pelotons or other connected-fitness devices.

Persons: I've, Tae, monthslong, Rina Raphael, Simeon Siegel, It's, That's, Siegel, Paul Golding, it's, Golding, there's, Raphael, Natalia Mehlman Petrzela, Emily Stewart Organizations: Private, BMO Capital Markets, Macquarie Capital, Google, YouTube, New School, Facebook, Business Locations: COVID, unsubscribing, Barre, America

☆ 12 jurors — including 3 finance guys and a woman whose friend is a convicted fraudster — have been chosen for Trump's Manhattan criminal trial
▼ + stars: | 2024-04-18 | by ( Jacob Shamsian | Laura Italiano | ) www.businessinsider.com time to read: +6 min

Read previewTwelve of Donald Trump's peers — 7 men, and 5 women — have been chosen to decide the first-ever criminal trial of a former US president. On Thursday afternoon, New York Supreme Court Justice Juan Merchan selected the 12th juror in Trump's Manhattan criminal case. AdvertisementTwo men chosen in the afternoon filled seats that had been vacated earlier in the day. One out of six alternate jurors, a woman, was also chosen. AdvertisementThere's a man who says he knows "little" about Trump's criminal cases and gets his news from The New York Times, The Daily Mail, Fox News, and MSNBC.

Persons: —, Donald Trump's, Juan Merchan, Merchan, Trump, doesn't, Donald Trump, Todd Blanche, Christine Cornell, Stormy Daniels, Blanche, That's, Joshua Steinglass, I'm Organizations: Service, Business, The New York Times, The Daily Mail, Fox News, MSNBC, AP Pool Trump, Prosecutors Locations: Manhattan, New

☆ Insurance companies are now using drones to find reasons to cancel your home insurance
▼ + stars: | 2024-04-06 | by ( Katie Balevic | ) www.businessinsider.com time to read: +2 min

Home insurance companies are using drone footage to find reasons to drop customers. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Insurance companies across the nation are now using drones to aerially scope out customers' homes and suss out reasons to cancel their home insurance, The Wall Street Journal reported. Still, her insurance company upheld their decision to cancel her plan, citing the aerial photos, which they refused to let her see. Though it may seem dystopian, insurance companies have drones, manned planes, and high-altitude balloons at their disposal for aerial surveillance, offering nearly full coverage of the country, the Journal reported.

Persons: —, Cindy Picos, Picos Organizations: Service, Street Journal, Journal Locations: California

☆ One of Wall Street's most powerful people is predicting that a 4-day workweek is coming
▼ + stars: | 2024-04-04 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at a Wall Street billionaire's prediction that the four-day workweek is coming . Billionaire hedge fund manager and New York Mets owner Steve Cohen said a four-day workweek is inevitable , Business Insider's Matthew Fox writes. Cohen put his money where his mouth is regarding the four-day workweek. As the newest four-day workweek fan club member, Cohen must be interested in implementing it at his hedge fund, Point72. Maybe the four-day workweek represents the olive branch companies can extend to get people back to their desks.

Persons: —, Jack, Dave Kotinsky, Rebecca Zisser, Steve Cohen, Matthew Fox, I'd, Cohen, Tech.co, Yuki Iwamura, Jerome Powell, Powell, Tesla, Brooks Kraft, OpenAI's, Logan Kilpatrick, Kilpatrick, Carl Godfrey, Bob Iger, Nelson Peltz, Iger, he's, he'll, Goldman Sachs, David Solomon, Joe Lewis, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, United Airlines, Boeing, Business, Lincoln Center, Billionaire, New York Mets, CNBC, Mets, Technologies, Workers, Federal, JPMorgan, Brooks, Brooks Kraft LLC, Getty, Services, Google, Bloomberg, BI, Reuters Locations: York, New York, London

☆ Covid Vaccine Hesitancy Took Off This Winter. Can We Fix It? - The New York Times
▼ + stars: | 2024-01-27 | by ( Danielle Ofri | ) www.nytimes.com time to read: +2 min

“It’s time for the flu shot,” I’ll say to my patients, “plus the updated Covid vaccine.” And that’s when the groans start. In the past, the flu shot elicited the most resistance. Health professionals everywhere are hearing this kind of hesitance among patients as Covid cases and hospitalizations have continued to rise during the winter. As of early January, the average number of Americans dying weekly from Covid was over 1,700. And yet, the Jan. 19 Centers for Disease Control and Prevention report indicated that only 21.8 percent of adults 18 and older have received the latest Covid vaccine — less than half of the percentage of those who have gotten the flu vaccine.

Persons: “, ”, Fine, There’s Organizations: New, for Disease Control Locations: New York City, Covid

☆ A new AI detection tool may have solved the problem of false positives for student writing, researchers say
▼ + stars: | 2024-01-24 | by ( Kali Hays | ) www.businessinsider.com time to read: +6 min

The researchers tested Binoculars on large sets of data compiled of news writing, creative writing, and student essays. As generative AI tools like ChatGPT explode in popularity, concerns have grown about students using AI to complete academic work while passing it off as their own. At the same time, many students have been wrongly accused of using AI, based on results of AI detection tools. Last year, schools and universities began disabling such AI detection tools. The researchers claimed Binoculars' method corrects for the role a person prompting an AI tool plays in the output, which has been pointed to as a cause for false positives in AI detection tools.

Persons: they've, Abhimanyu Hans, Dustin Moskovitz, Abu Dhabi's Falcon, Hans, Perplexity Organizations: Business, University of Maryland, Vanderbilt University, Carnegie Mellon University, New York University, Tübingen AI, Capital, Amazon Research

DAVOS, Switzerland (AP) — Business and political elites descended on the Swiss Alpine snows of Davos to suss out “rebuilding trust” in a splintering world. If there’s any takeaway from the World Economic Forum's annual meeting — boldly touting that theme — it’s that we still have a long way to go. The idea is getting people together, and big announcements are often just a byproduct — not the aim. “It’s unrealistic to think that Davos — or any meeting, anywhere in the world — in one meeting can rebuild trust when it’s fragmented on so many dimensions," said Rich Lesser, chairman of Boston Consulting Group. But thousands of conversations between the social, private and public sectors help create "a starting point for rebuilding trust,” he said.

Persons: —, Rich Lesser, ”, bigwigs, Bill Gates, Agnès Callamard, craziness, Long, Volodymyr Zelenskyy, ” Zelenskyy, ” Pham Minh Chinh, vociferously, Benjamin Netanyahu, Antony Blinken, wasn't, Antonio Guterres, Masha Macpherson, David Keyton, Courtney Bonnell, Kelvin Chan Organizations: —, Boston Consulting, Nature Energy, “ Cooperation, Security, Amnesty, European Union, U.S, Israeli, ” Locations: DAVOS, Switzerland, Swiss, Davos, suss, Ukraine, U.S, India, South Africa, UKRAINE, Kyiv, Europe, United States, Britain, Israel, Gaza, Palestinian, Saudi Arabia, London

☆ Should a company rate its staff? A former Amazon exec says 'stack ranking' is useful when done right
▼ + stars: | 2023-12-05 | by ( Lucy Handley | ) www.cnbc.com time to read: +6 min

What is 'stack ranking?' "Stack ranking" is an employee rating system popularized by executive Jack Welch in the 1980s during his time as CEO of GE. Does stack ranking work? And in many cases, having a stack ranking system is actually helpful, because there's an objective, collaborative process to evaluating employees," he said. Why is stack ranking controversial?

Persons: —, Alykhan Sunderji, Sunder, Jack Welch, Sunderji, Banks, Goldman Sachs, McDonald's, Chris Kempczinski Organizations: Amazon, CNBC, GE, Amazon Pay, Google, Microsoft, Origin, New York Times

☆ Wife of Ukraine’s top military intelligence official hospitalized with apparent heavy metals poisoning
▼ + stars: | 2023-11-28 | by ( Katie Bo Lillis | ) edition.cnn.com time to read: +3 min

Washington CNN —The wife of Ukraine’s top military intelligence official has been hospitalized with apparent heavy metals poisoning, according to Ukrainian and western officials. American and western intelligence officials have not independently verified the poisoning but believe Ukrainian reports to be accurate, sources familiar with the matter tell CNN. According to the GUR representative, she has been hospitalized for a week and had felt poorly for some time prior to being hospitalized. In England in 2018, Russian agents used a nerve agent to poison Sergei Skripal, a former Russian military officer and double agent for British intelligence agencies. While initial reports indicated that they suffered from poisoning, later reports indicated the they were sickened due to an environmental factor, not poisoning.

Persons: Marianna Budanova, Kyrylo Budanov, GUR, Andriy Yusov, Budanova, Edward Boyer, ” Boyer, “, Russia –, –, Sergei Skripal Organizations: Washington CNN, Ukrainian Defense Intelligence, CNN, Defense Intelligence, University of Massachusetts Locations: Ukrainian, Russia, Ukraine, Soviet Union, England, Russian, United States, Turkey

☆ 2023 El Niño winter: New maps reveal who could see more snowfall
▼ + stars: | 2023-11-03 | by ( Mary Gilbert | ) edition.cnn.com time to read: +5 min

NOAA Climate.govThe map above depicts how much snow differs from average across all El Niño winters, regardless of El Niño’s strength. Snowfall during all stronger El Niño winters (January-March) compared to the 1991-2020 average (after the long-term trend has been removed). The number of years with below-average snowfall during the 13 moderate-to-strong El Niño winters (January-March average) since 1959. Red shows locations where more than half the years had below-average snowfall; gray shows locations where below-average snowfall happened in less than half the years studied. On the map above, darker reds indicate areas that have experienced more years of below-average snowfall during moderate-to-strong El Niño winters.

Persons: Niño, There’s, “ El Niño, ” Michelle L’Heureux, Jon Gottschalck, Snow, El Niño Organizations: CNN, National Oceanic, Atmospheric Administration, NOAA, El, Northeast Locations: El, California, Texas, Southwest, Washington, Baltimore, Northwest, Midwest, Northeast

☆ As Singapore's aging population grows, businesses are courting older consumers
▼ + stars: | 2023-10-30 | by ( Audrey Wan | ) www.cnbc.com time to read: +7 min

Citizens aged 65 and above make up almost a fifth of Singapore's population in 2023. Nicky Loh | Bloomberg | Getty ImagesSINGAPORE — Singapore's population is aging fast. As the median population age increases, so do opportunities for Singapore businesses providing products and services for seniors. According to Aging Asia's Silver Economy Index 2020, Singapore shows the largest market potential for an aging population among 15 Asia-Pacific countries. Citibank estimates that consumers will likely spend more to treat and support the elderly, driving growth potential for health care and health services.

Persons: Nicky Loh, Kelvin Tan, Janice Chia, Tan, boomers, Vanessa Keng, Keng, —, Ng Li Lian, Ng Organizations: Bloomberg, Getty, SINGAPORE, Citizens, Asia's, Aging, Singapore University of Social Sciences, gerontology, Citibank, Kelvin Tan Singapore University of Social Sciences, Research, Singapore's Ministry of Health Locations: Singapore, Asia, Pacific, Aging Asia, SUSS

☆ German chip kit supplier hit by tightened China export scrutiny
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +1 min

MUNICH, Oct 25 (Reuters) - German chip-making kit supplier Süss MicroTec (SMHNn.DE) cut its sales forecasts for the second time in three months, blaming tightened government controls for exports to China, sending shares tumbling 11%. The south German company said on Wednesday that deliveries worth 23.5 million euros ($24.86 million) were stuck at customs, adding that, though rules had not changed, customs appeared to have significantly stepped up their inspections for deliveries to China since August. German customs did not immediately respond to a request for comment. Süss Microtec expects sales of between 300 and 340 million euros this year, compared to 299.1 million euros last year, a smaller increase than they expected earlier. ($1 = 0.9454 euros)Reporting by Alexander Hübner, writing by Thomas Escritt; Editing by Rod NickelOur Standards: The Thomson Reuters Trust Principles.

Persons: Süss Microtec, Alexander Hübner, Thomas Escritt, Rod Nickel Organizations: Thomson Locations: MUNICH, China

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