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☆ McKinsey unit will pay $123 million to settle claims it bribed South African officials
▼ + stars: | 2024-12-05 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

A subsidiary of top global consulting firm McKinsey & Company agreed to pay nearly $123 million to settle claims that it bribed government officials in South Africa, the U.S. Department of Justice said Thursday. Federal prosecutors also unsealed a 2022 guilty plea by Vikas Sagar, a former senior partner at McKinsey who worked in the subsidiary's South Africa office. The bribery scheme helped McKinsey and McKinsey Africa net approximately $85 million in profits, according to prosecutors. The deferred prosecution agreement requires McKinsey Africa to accept responsibility for the allegations. "McKinsey welcomes the resolution of these matters and the closure of this regretful situation," McKinsey Africa said in a statement Thursday.

Persons: Vikas Sagar, Chad Yarbrough, Sagar Organizations: McKinsey & Company, Mobile World Congress, MWC, U.S . Department of Justice, McKinsey, Southern, of, DOJ, Prosecutors, Transnet, Eskom Holdings, McKinsey Africa, FBI Locations: Barcelona, South Africa, Africa, Sagar, Johannesburg, U.S, of New York, McKinsey Africa, Transnet

☆ A promising cancer treatment is poised for explosive growth, says Redburn Atlantic. These stocks are on its buy list
▼ + stars: | 2024-09-12 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

The latest weapon in the battle against cancer is showing promising results — and it's a growing opportunity for investors, according to Redburn Atlantic. To treat cancer, targeted radiopharmaceutical therapy directly goes after tumors with radiation by binding a radioactive particle to a targeting molecule. Delving into diagnostics There are also opportunities in the radiopharma diagnostics space, according to Redburn Atlantic. It has a "strong pipeline of radionuclides for both diagnosis and therapy," he said. "Lantheus benefits from its focus on this rapidly expanding market, with 78% of revenues from radiopharmaceuticals and related products," Ridley-Day added.

Persons: Ed Ridley, Eli Lilly, Myers, Ridley, Astra's, Lantheus Organizations: Big pharma, Novartis, Mariana Oncology, Biopharma, Myers Squibb, RayzeBio, AstraZeneca, Fusion Pharmaceuticals, GE Healthcare Technologies, Lantheus Holdings, GE Healthcare, GE Locations: Bristol, radiopharmaceuticals

Read previewWall Street is investing big in artificial intelligence — and that's good news for machine-learning engineers and other tech talent. Hirsch said that investment banks are hiring AI engineers to build in-house tools that they can use "across their trading, research, and risk-management functions." The 8 banks reviewed are JPMorgan Chase, Bank of America, UBS, Citibank, Barclays, Deutsche Bank, Goldman Sachs, and Morgan Stanley. We pulled data for roles containing keywords like "AI," "data science," "machine learning," and "prompt." AdvertisementCheck out data-science and AI salaries for JPMorgan, Goldman Sachs, Citi, Bank of America, and other investment banks:

Persons: —, JPMorgan Chase, Jamie Dimon, Dimon, Gil Perez, Giancarlo Hirsch, Hirsch, Goldman Sachs, Morgan Stanley Organizations: Service, JPMorgan, Business, Deutsche Bank, Wall, of Foreign Labor, JPMorgan Chase, Bank of America, UBS, Citibank, Barclays, Department, Labor, Citi Locations: America

☆ Unions drop activist campaign against Starbucks
▼ + stars: | 2024-03-05 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUnions drop activist campaign against StarbucksCNBC’s Kate Rogers on the SOC withdrawing its director nominees to the Starbucks Board of Directors ahead of its annual meeting next week, ending a potential proxy showdown.

Persons: Kate Rogers Organizations: Unions, Starbucks

☆ Labor unions end proxy fight at Starbucks after bargaining progress
▼ + stars: | 2024-03-05 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Steph Kronos, a pro-Union activist, tries to talk to Starbucks customers as she joins Starbucks workers, former employees, and supporters in holding signs in support of a strike, outside of a Starbucks store in Arlington, Virginia, on November 16, 2023. A group of labor unions said on Tuesday it was ending its proxy fight at Starbucks, after the two sides agreed last week to work toward a "foundational framework" on collective bargaining. The group said it thought shareholders were "optimistic" about a "good faith" effort by Starbucks to "repair its relationship with its workers." It was the first time that a labor union — typically opposed to activist campaigns — had drawn on the activist toolkit. The SOC hired well-respected communications, legal and proxy advisors who have worked on behalf of major activists and hedge funds.

Persons: Steph Kronos, Glass Lewis, — Organizations: Union, Starbucks, Company, Strategic, Center, Services, SOC Locations: Arlington , Virginia

☆ NASA may build giant telescopes on the moon in your lifetime. Check out the blueprints.
▼ + stars: | 2024-03-01 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +12 min

One moonshot plan would build a giant radio dish spanning an entire crater on the far side of the moon. An illustration of a conceptual radio telescope within a crater on the moon. Silk argues that lunar telescopes would open the door to a new era of major space discoveries. A satellite trail streaks in front of galaxies in this image from the Hubble Space Telescope. Any radio telescope on the moon's back end would pick up the pure emissions of the universe.

Persons: —, Vladimir Vustyansky, James Webb, Dallan Porter, Roger Angel, Joseph Silk, Jack Burns, Burns, That's, Stefica Nicol, Artemis, Ronald Polidan, FarView, Jack Burns Karan Jani, LILA, Fermilab LILA, Jani, NASA's James Webb, Temim, Webb, Angel, Chris Gunn, Nick Woolf, Angel Roger, Phil, Martin Elvis, Elvis Organizations: Service, NASA, Business, Vanderbilt Lunar Labs, Telescope, University of Arizona, American Astronomical Society, Payload, University of Colorado Boulder, Hubble Space, Hubble, ESA, Radio Telescope, REUTERS, NASA JPL, Caltech, Radio Science Investigations, Houston, Lunar Resources, Resources, Inc, Vanderbilt University, Fermilab, Telescopes, CSA, Princeton University, Engineers, James Webb Space, Industry, AP Locations: New Orleans, Australia

☆ Labor coalition accuses Starbucks of 'flawed' union strategy, risking shareholder value
▼ + stars: | 2024-02-20 | by ( Kate Rogers | ) www.cnbc.com time to read: +8 min

The coalition is pushing to replace three current Starbucks board members with its own nominees. The SOC proxy presentation claims the company's board has backed what it calls an "unnecessarily confrontational" strategy with the union. Starbucks said it has not only a new CEO, but with these additions, it has added five new board members in the past year. The proxy presentation targets three current Starbucks board members: Ritch Allison, Andy Campion and Jørgen Vig Knudstorp. Allison, Campion and Knudstorp, specifically, provide "continuity and highly-valuable unique perspectives," the Starbucks presentation said.

Persons: Baristas, Nielsen, Maria Echaveste, Joshua Gotbaum, Wilma Liebman, Daniel Servitje, Neal Mohan, Mike Sievert, Ritch Allison, Andy Campion, Jørgen Vig Knudstorp, Allison, Campion, Knudstorp, Wendy's, Narasimhan Organizations: Starbucks, CNBC, Organizing Center, U.S . Securities, Exchange Commission, National Labor Relations Board, NLRB, Starbucks Corporation, Siren Retail, Service Employees International Union, Starbucks Workers United, Communications Workers of America, United Farm Workers of America, Chipotle, Darden, Restaurant Brands, Yum Brands, White House, Hawaiian Airlines, White, Grupo Bimbo, YouTube, Mobile, SEC Locations: Buffalo, Arlington , Virginia, China, U.S

☆ Societe Generale posts sharp profit drop as net banking income slides
▼ + stars: | 2024-02-08 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

Societe Generale on Thursday reported a sharp decline in fourth-quarter net profit on the back of weaker net banking income, but launched a new 280 million euro ($302 million) share buyback program. The French lender posted a group net income of 430 million euros, slightly above a consensus analyst forecast of 404 million euros, according to LSEG data, but well below the 1.07 billion euros recorded for the final quarter of 2022. It comes after the bank posted posted a group net income of 295 million euros for the third quarter, as resilient investment bank performance offset a sharp downturn in its French retail business. Thursday's result took France's third-largest listed bank's annual net profit to 2.49 billion euros, slightly above analyst expectations of 2.15 billion euros. However, quarterly net banking revenue dropped 9.9% year-on-year to 5.96 billion euros, which the bank attributed largely to a decline in net interest income in French retail, and its private banking and insurance division, along with the negative impacts from unwinding hedges.

Persons: Slawomir Krupa, Krupa, BoursoBank Organizations: Generale, SocGen, Global Banking, Investor Solutions, Retail Banking, Soc Locations: France

☆ Why Palo Alto Networks hitting $100 billion in market value is just the beginning
▼ + stars: | 2023-12-29 | by ( Morgan Chittum | ) www.cnbc.com time to read: +5 min

Palo Alto Networks this month became the first cybersecurity company to eclipse $100 billion in market value. Palo Alto is the "winner and new champion of cybersecurity," Jim Cramer said recently. Shares of Palo Alto have more than doubled in price throughout 2023, up a whopping 116%. Although AI is not a core part of the Club's investment thesis for Palo Alto, we like management's progress in this fast-growing business. Arora Nikesh, Palo Alto Networks CEO & Chairman at the WEF in Davos, Switzerland on May 23rd, 2022.

Persons: Nikesh Arora, Jim Cramer, Arora, Jim, billings, Morgan Stanley, Jim Cramer's, Arora Nikesh, Adam Galica Organizations: Palo Alto Networks, Federal, Palo, The Securities, Exchange Commission, Operations Centers, CNBC Locations: Palo, cybersecurity, Palo Alto, Alto, Davos, Switzerland

☆ Apple let reporters film inside its secretive chip-testing lab for the first time — take a look
▼ + stars: | 2023-12-04 | by ( Haley Tenore | ) www.businessinsider.com time to read: +3 min

It's apparently the first time reporters have been invited to film video inside the space. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The room is filled with shelves of 70 machines tasked with testing chips for new Apple products, according to CNBC. AdvertisementWhile this marks the first time a news outlet's film crew was allowed to film video inside the room, it's not be the first time the public has gotten a peek at Apple's chip-testing process. The S series powers Apple Watches, and H and W chips were made for AirPods, and U chips, which are used in AirTags, allow for communication between Apple products.

Persons: —, Apple Organizations: Apple, CNBC, Service, Bloomberg, Intel, Apple Vision

☆ Inside Apple’s chip lab, home to the most ‘profound change’ at the company in decades
▼ + stars: | 2023-12-01 | by ( Katie Tarasov | ) www.cnbc.com time to read: +13 min

Its most advanced silicon is primarily manufactured by one vendor, Taiwan Semiconductor Manufacturing Company. "We built what we call the unified memory architecture that is scalable across products," Srouji said. Apple's silicon team has grown to thousands of engineers working across labs all over the world, including in Israel, Germany, Austria, the U.K. and Japan. The primary type of chip Apple is developing is known as a system on a chip, or SoC. Apple's senior director of hardware validation Godfrey D'Souza shows off an M3 SoC in an Apple chip lab in Cupertino, California, on November 14, 2023.

Persons: John Ternus, Srouji, we're, Katie Tarasov, Andrew Evers, Ben Bajarin, Bajarin, Apple, Apple there's, Pro Max, Kaiann Drance, That's, who's, Ternus, Nvidia —, Tesla, Stacy Rasgon, Apple's, Godfrey D'Souza, Sydney, they've, Rasgon, Apple's Srouji, It's Organizations: AMD, MU, Apple Watch, U.S, Apple, Intel, Taiwan Semiconductor Manufacturing Company, Microsoft, CNBC, Apple's, Amazon, Google, Tesla, Semiconductor, Creative, Pro, Triple, MacBook Air, Qualcomm, Nvidia, Bernstein Research, Sydney Boyo, Bluetooth, Broadcom, Samsung, Micron, Thursday Apple Locations: Cupertino , California, Israel, Germany, Austria, Japan, Silicon Valley, San Diego, Austin , Texas, AirPods, Taiwan, China, Arizona, Peoria , Arizona, Asia, Europe, U.S

Bernstein named Taiwan Semiconductor a "best idea" for 2024, raising its price target on the stock. — Alex Harring 7:01 a.m. In addition to the best-pick honor, analyst Steve Scala has an outperform rating and $86 price target. Analyst Michael Lavery downgraded the stock to neutral from overweight and slashed his price target by $40 to $200. ET: Morgan Stanley hikes PDD price target, calls stock a top pick following earnings Morgan Stanley named Chinese e-commerce name PDD Holdings a top pick following its latest quarterly earnings report.

Persons: Bernstein, Morgan Stanley, LSEG, Bank of America's Tal Liani, Morgan Stanley's Hamza Fodderwala, Alex Harring, Craig Siegenthaler, Blackstone, That's, — Alex Harring, Ken Hoexter, Hoexter, TD Cowen, Steve Scala, Scala, Jefferies, John Colantuoni, bode, Colantuoni, Neil Beveridge, Josh Silverstein, Silverstein, JMP, Baldwin, Mitch Germain, Germain doesn't, Germain, Piper Sandler, Michael Lavery, Lavery, elasticities, HSY's, Hershey, Eddy Wang, Wang, Mark Li, Li, — Fred Imbert Organizations: CNBC, Taiwan Semiconductor, Holdings, Wall, Bank of America, Bank of America's, KKR, Apollo Global Management, Pacific, Transport, AstraZeneca, pharma, Airbnb, Toyota, UBS, Exxon Mobil, Natural Resources, Exxon Mobil's, Hershey, PDD, U.S, LSEG, Commerce, PDD's U.S, Apple, Huawei Locations: Tuesday's, Ivory Coast, Ghana, 4Q23, Taiwan, China

☆ Apple just announced 3 new Mac computers with faster M3 processors — here's what you need to know and how to order
▼ + stars: | 2023-10-31 | by ( William Antonelli | John Lynch | Tech Reporter For Insider Reviews | ) www.businessinsider.com time to read: +4 min

Here's a rundown of everything you need to know about Apple's new M3 MacBook Pro and iMac models. AdvertisementAdvertisementComparing the new MacBook Pro modelsThe 14- and 16-inch MacBook Pro models received an upgrade to the M3 chipset. You can buy the 14-inch MacBook Pro with an M3, M3 Pro, or M3 Max; and you can buy the 16-inch MacBook Pro with an M3 Pro or M3 Max. The M3 Pro and M3 Max MacBook Pros are also available in a new color: Space Black. The 14-inch MacBook Pro model starts at $1,599, and the 16-inch MacBook Pro starts at $2,499.

Persons: you'll, Apple It's Organizations: Apple, Mac, Mac Pro, Apple Apple

☆ McDonald's to start focus groups with owners as part of civil rights audit
▼ + stars: | 2023-09-11 | by ( Kate Rogers | ) www.cnbc.com time to read: +4 min

McDonald's will begin virtual focus groups with some owners and operators as a part of an ongoing civil rights audit, according to a message to franchisees viewed by CNBC. Last year, shareholders approved of a proposal by SOC Investment group to conduct a civil rights audit in a close vote. The note also assured owners that neither McDonald's nor anyone employed by the company would participate in the groups or the selection process. The audit comes as McDonald's has made changes to its franchising structure and restaurant grading system in recent years. Other major companies including Citi, Starbucks and Airbnb have undertaken civil rights audits in recent years, and last year Apple and Amazon shareholders approved proposals for similar assessments.

Persons: McDonald's, WilmerHale, Herb Washington, Byron Allen, Allen Organizations: CNBC, Investment, U.S, Owner, Black, MLB, Allen, Citi, Starbucks, Apple, Amazon Locations: McDonald's

☆ Morgan Stanley names this stock as its top pick of European banks – giving it 35% upside
▼ + stars: | 2023-09-07 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Morgan Stanley has named Societe Generale as its top stock pick among European banks, seeing 35% upside for the French lender. The investment bank's analysts upgraded SocGen to an "overweight" rating and named it a top pick alongside ING Groep of the Netherlands and CaixaBank of Spain. GLE-FR .FCHI YTD line The analysts said European Central Bank (ECB) interest rates have likely peaked after aggressive hikes over the past year. Morgan Stanley forecasts a 13% average growth in European banks' earnings per share plus dividends in 2024 and 2025. Morgan Stanley sees room for cost cuts from internal mergers underway.

Persons: Morgan Stanley, SocGen, Alvaro Serrano, Michael Christodoulou, Christodoulou, CNBC's Michael Bloom Organizations: Societe Generale, ING Groep, European Central Bank Locations: Europe, Netherlands, Spain, 2Q24, France

☆ CrowdStrike CEO talks generative AI, cybersecurity and new 'virtual security analyst'
▼ + stars: | 2023-09-06 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

George Kurtz, CEO of cybersecurity company CrowdStrike , spoke with CNBC's Jim Cramer on Wednesday about the company's focus on automation and the use of generative artificial intelligence to launch Charlotte AI, a "virtual security analyst." "Generative AI is a new type of artificial intelligence, and essentially Charlotte AI is our, is our virtual security analyst," Kurtz said. Kurtz explained that Charlotte AI can help automate the duties of a security operations center (SOC) analyst, or someone who deals with cybersecurity duties on a day-to-day basis. The program is intended to lessen mundane work that analysts perform, turning tasks that may have taken hours into ones that take only minutes, he said. According to Kurtz, analysts can have conversations with Charlotte AI and ask questions about security threats in the environment, how it applies to their industry, what assets are at risk, how to fix those assets — and even create a report about the situation.

Persons: George Kurtz, CrowdStrike, CNBC's Jim Cramer, Kurtz, Charlotte, it's, Charlotte AI, we've Organizations: Charlotte

REUTERS/Aly Song/File Photo Acquire Licensing RightsSHENZHEN, China/SHANGHAI, Aug 30 (Reuters) - Chinese chip stocks rallied on Wednesday following Huawei Technologies' (HWT.UL) launch of its new Mate 60 Pro phone, as investors speculated it could be using a 5G capable chip which, if true, would mark a win for China's local semiconductor sector. On Tuesday, the company began selling its Mate 60 Pro around midday for 6,999 yuan ($960) in an unusually low-key fashion, having given no advance notice or conducted advertising. The specifications provided for the Mate 60 advertised its ability to make satellite calls, but provided no information on the power of the chipset inside. Huawei, whose woes with Washington have become a key flashpoint in U.S.-China relations, declined to comment on whether the phone was 5G capable but said in a statement the Mate 60 series was its most powerful Mate model ever. CHIP SHARES JUMPChina's semiconductor sector (.CSIH30184) jumped more than 2.5% on Wednesday, sending weekly gains to roughly 8%.

Persons: Aly, Lu Deyong, Lu, Nicole Peng, David Kirton, Jason Xue, Mo Yelin, Lincoln Organizations: Huawei, Artificial Intelligence, REUTERS, Rights, Huawei Technologies, Reuters, chipmaking, Semiconductor Manufacturing International, Pro, Staff, Washington, China's Semiconductor Manufacturing International Corp, Sai MicroElectronics Inc, Thomson Locations: Shanghai, China, Rights SHENZHEN, SHANGHAI, Washington, Beijing, Shenzhen, Kirin, Mo

☆ Google's new Pixel Tablet is perfect for smart home devotees
▼ + stars: | 2023-06-20 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +3 min

In this article GOOGL Follow your favorite stocks CREATE FREE ACCOUNTGoogle's new Pixel Tablet on its default Home screen. CNBCI've been breaking out of my usual wheelhouse and getting hands-on with Google's new Pixel Tablet for the last few days. What's good Hub Mode, Hub Mode, Hub Mode. For example, you could find a recipe from the couch, tote your Pixel Tablet to the kitchen and get to cooking. Google's Pixel Tablet in Chrome.

Persons: CNBC I've, It's, hasn't, that's Organizations: CNBC, Google, Apple

☆ Here are Cowen's top chip picks for an EV and autonomous-auto future
▼ + stars: | 2023-05-23 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

That's because the vehicle platform redesigns need to come through semiconductor innovations in processing and power-management technologies, analyst Joshua Buchalter wrote in a report on Monday. "We believe these powerful secular content themes are underappreciated amidst appropriate cyclical concerns and pushback on EV attach rate projections," he added. In fact, companies indexed to these trends can outgrow the broader market and should be on investors' radar today, Buchalter said. TD Cowen's proprietary model forecasts the total automotive semis market growing at a 9% compound annual growth rate from 2023 to 2030 — doubling to about $121 billion. The company has already amassed a $30 billion auto revenue pipeline, spread across the digital cockpit, connectivity and ADAS, he pointed out.

Persons: TD Cowen, That's, Joshua Buchalter, Buchalter, Mobileye, Matthew Ramsay, Ramsay, — CNBC's Michael Bloom Organizations: Microsystems, Mobileye's, Nvidia, Qualcomm Locations: ADAS

☆ Rice. Half of Humanity Eats It. And Climate Change Is Wrecking It.
▼ + stars: | 2023-05-20 | by ( Somini Sengupta | ) www.nytimes.com time to read: +12 min

Sometimes there’s not enough rain when seedlings need water, or too much when the plants need to keep their heads above water. Rice farmers are shifting their planting calendars. On top of that, there’s climate change: It has upended the rhythm of sunshine and rain that rice depends on. That’s a fraction of the emissions from coal, oil and gas, which together account for 35 percent of methane emissions. His experiment, carried out over seven years, concluded that by not flooding the fields continuously, farmers can reduce rice methane emissions by more than 60 percent.

☆ Amazon is the No. 1 company to work for in the U.S. for the third year in a row, according to LinkedIn
▼ + stars: | 2023-04-19 | by ( Morgan Smith | ) www.cnbc.com time to read: +4 min

1 company to work for in the U.S., according to new research from LinkedIn: For the third year in a row, Amazon has claimed the top spot on the networking platform's annual Top Companies list, followed by Wells Fargo and JPMorgan Chase. Meta, which ranked twelfth on LinkedIn's list last year, was not eligible for this year's list after announcing it was eliminating approximately 13% of its workforce in November 2022. Just last month, Amazon told its staff the company would lay off 9,000 more employees in the coming weeks. 1 on LinkedIn's list for the third consecutive year. Amazon maintained its top spot after making a "significant investment" to support employees' upskilling and raise salaries, says Roth.

☆ Amazon's worker safety hazards come under fire from regulators and the DOJ
▼ + stars: | 2023-04-15 | by ( Katie Tarasov | ) www.cnbc.com time to read: +8 min

In 2021, Amazon's injury rate was almost 1.5 times the industry average. Jennifer Crane works through pain at an Amazon warehouse in St. Peters, Missouri, after hurting her wrist in October. Amazon worker Jennifer Crane at her house outside St. Louis, Missouri, in 2022. OSHA also cited Amazon for 14 record-keeping violations, finding that the company failed to properly report worker injuries and illnesses. If you're rushing, you're going to make mistakes and someone's going to get hurt."

☆ Amazon warehouse workers are seriously injured at twice the rate of employees at similar warehouses, study finds
▼ + stars: | 2023-04-13 | by ( Grace Mayer | ) www.businessinsider.com time to read: +4 min

The serious injury rate among Amazon warehouse workers is more than double the rate at other warehouses. The report also found that the rate of "serious" injuries was more than double the serious-injury rate at other warehouses. In 2022, the serious-injury rate among Amazon warehouse workers was 6.6 serious injuries for every 100 workers — more than double the rate at other warehouses, which was 3.2 serious injuries for every 100 workers. But both years reflected an increase in serious injuries compared to 2020, when Amazon's serious injury rate was 5.9 for every 100 workers. At the end of 2022, Amazon was hit with 14 citations from federal regulators for failing to record workers' injuries.

☆ Amazon workers seriously injured at more than twice the rate of other warehouses, study finds
▼ + stars: | 2023-04-12 | by ( Annie Palmer | ) www.cnbc.com time to read: +5 min

That's more than double the rate of all non-Amazon warehouses, which had 3.2 serious injuries for every 100 workers. Amazon's serious injury rate fell by about 3% between 2021 and 2022. The rate shot up to 6.8 serious injuries for every 100 workers in 2021, compared to a rate of 5.9 serious injuries for every 100 workers in 2020. While Amazon's serious injury rate fell between 2021 and 2022, its overall injuries increased. In 2021, Amazon set a goal to halve its warehouse injury rate by 2025.

☆ S.Africa's Transnet halts gas supplies after pipeline damage
▼ + stars: | 2023-03-31 | by ( ) www.reuters.com time to read: +1 min

Companies Transnet SOC Ltd FollowMarch 31 (Reuters) - South Africa's Transnet has halted gas supplies through its Durban pipeline after it was damaged by an excavator, the state-owned logistics utility said on Friday. The incident took place on Thursday afternoon when an excavator deployed to clean up waste accidentally hit the pipeline, Transnet said. Repairs to the pipeline began on Friday morning after the fire was brought under control on Thursday night, it added. Transnet did not say when repairs could be completed but said it was working to restore supplies "as soon as possible". The gas pipeline runs from Secunda in Mpumalanga to the port city of Durban, transporting an average 450 million cubic metres of gas per year.

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