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☆ EU debt fears hinder U.S. green subsidies riposte
▼ + stars: | 2023-01-24 | by ( Rebecca Christie | ) www.reuters.com time to read: +4 min

That ties von der Leyen’s hands. Since September, von der Leyen has been pushing a “solidarity fund” to offset the imbalances that could arise out of freer-flowing EU subsidies. To move ahead, von der Leyen will just have to scatter some seeds and see what grows. Follow @rebeccawire on TwitterCONTEXT NEWSEuropean Commission President Ursula von der Leyen gave a Jan. 17 speech at Davos on her forthcoming green technology strategy. Von der Leyen has since September been advocating for a “solidarity fund” to help smaller countries keep up with their bigger, richer peers.

☆ 'Quiet quitting is the natural sequel to the Great Resignation' as workers still rethink their jobs 3 years into the pandemic
▼ + stars: | 2023-01-21 | by ( Madison Hoff | ) www.businessinsider.com time to read: +6 min

"I think that in some ways quiet quitting is the natural sequel to the Great Resignation," professor Adam Grant said. But so has been the Great Resignation, which has seen a massive number of workers actually leaving their jobs. James Detert, a professor of business administration at the University of Virginia, detailed in a post on The Conversation how the Great Resignation, quiet quitting, and unionization efforts at big companies are actually similar. As noted during the panel and seen in previous coverage from Insider, "quiet quitting" isn't actually a new thing. The Great Resignation, and thus its "sequel" of quiet quitting, may continue in 2023 and be sticking around.

☆ Dollar climbs against yen as BOJ affirms ultra-easy policy
▼ + stars: | 2023-01-20 | by ( ) www.cnbc.com time to read: +2 min

Speculators are betting that the BOJ, the last major central bank to still employ loose monetary policy, is edging towards a shift to a tighter stance. That has driven a rally in the yen that has pushed the dollar/yen pair down by 14% in the past three months. So between now and the next meeting, there is no policy shift and that is indicated by Kuroda," he added. The dollar rose as high as 130.60 yen and was last up 0.9% at 129.58. On the week, the dollar rose 1.3% versus the Japanese currency.

☆ France hit by nationwide strike as unions fight Macron’s plan to raise retirement age
▼ + stars: | 2023-01-19 | by ( Associated Press | ) www.nbcnews.com time to read: +5 min

French workers would have to work longer before receiving a pension under the new rules — with the nominal retirement age rising from 62 to 64. Many French workers expressed mixed feeling about the government’s plan and pointed to the complexity of the pension system. For those who do not fulfil that condition, like many women who interrupted their career to raise their children or those who studied for a long time and started working late, the retirement age would remain unchanged at 67. Those who started to work early, under the age of 20, and workers with major health issues would be allowed early retirement. Protracted strikes met Macron’s last effort to raise the retirement age in 2019.

☆ Comply with EU rules or face ban, Breton tells TikTok CEO
▼ + stars: | 2023-01-19 | by ( Supantha Mukherjee | ) www.reuters.com time to read: +2 min

"We will not hesitate to adopt the full scope of sanctions to protect our citizens if audits do not show full compliance," Breton said. TikTok said in response that it was committed to the DSA, and had also outlined its efforts to comply with other EU legislation, such as GDPR data protections rules and a code of practice on disinformation. "The safety of our users is paramount," Caroline Greer, TikTok's director of public policy and government relations, tweeted. It is not acceptable that behind seemingly fun and harmless features, it takes users seconds to access harmful and sometimes even life-threatening content," Breton said. "The DSA includes dissuasive sanctions including a ban in the EU in case of repeated serious breaches threatening the life or safety of people," he said.

☆ Tech investment is a key way for organisations to prepare for the future, says Wipro CEO
▼ + stars: | 2023-01-18 | 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 EmailInvestment in tech is the most important way for organisations to prepare for the future: Wipro CEOThierry Delaporte, CEO of Indian IT company Wipro, discusses his outlook for the tech sector, highlighting the merits of digitization in tackling current macroeconomic challenges.

☆ Stopping the 'quiet quitting' trend could be all down to your boss
▼ + stars: | 2023-01-18 | by ( Sophie Kiderlin | ) www.cnbc.com time to read: +3 min

The idea of "quiet quitting" may not be anything new. Thierry Delaporte, CEO and managing director at IT company Wipro Limited, also sees quiet quitting as a chance for leaders to reflect on how they need to adjust to the changing labor force. The term quiet quitting was coined in 2022 on social media — with different definitions. People who were unable to resign or were unsuccessful in changing their work environment started asking questions, he said. Long term, it's not just about quiet quitting either, the Davos panel suggested.

The Indian IT services industry, which enjoyed a pandemic-led boom, is now contending with slower spending or at least delays in decision-making due to growing fears of a global recession. Earlier this week, both Tata Consultancy Services (TCS.NS) and HCLTech (HCLT.NS) said European clients were tightening spending. Bengaluru-based Wipro said its fourth-quarter IT services revenue, which accounts for about 98% of overall revenue, could range between a 0.6% sequential drop and a 1% sequential rise, in constant currency terms. Wipro's IT services revenue rose 0.6% sequentially, to $2.80 billion in constant currency terms, in the third quarter, and had jumped 3.1% sequentially in the fourth quarter last year. Still, the company's total order bookings rose 26% year-over-year to $4.3 billion in the quarter ended Dec. 31.

☆ Lacoste Owner Looks to Snap Up More Brands as Sales Surge
▼ + stars: | 2023-01-12 | by ( Nick Kostov | ) www.wsj.com time to read: 1 min

Lacoste has closed smaller stores in favor of larger flagships in key locations such as the Champs-Elysee in Paris. PARIS—The parent company of Lacoste is on the hunt for acquisitions to expand its portfolio of brands after the upmarket French label reported record annual sales. Sales at Lacoste, best known for its crocodile-logo polo shirts embraced by tennis stars, rose 26% to more than €2.5 billion, about $2.69 billion, last year, Chief Executive Thierry Guibert said in an interview. He credited the gain to attracting younger consumers in part through a more fashionable offering and buzzy collaborations with musicians and artists in recent years.

☆ EU, U.S. start talks on electric vehicle subsidies - Commissioner
▼ + stars: | 2023-01-09 | by ( ) www.reuters.com time to read: 1 min

MADRID, Jan 9 (Reuters) - The European Commission has opened talks with the United States to discuss subsidies on electric vehicles sold in the North American trade bloc, EU Commissioner for the Internal Market Thierry Breton said on Monday. He added that the Commission is also discussing other aspects of the recently approved U.S. Inflation Reduction Act. Reporting by Inti Landauro; Editing by David Latona and Hugh LawsonOur Standards: The Thomson Reuters Trust Principles.

☆ EU Commissioner says he will remind TikTok CEO to respect EU rules
▼ + stars: | 2023-01-09 | by ( ) www.reuters.com time to read: 1 min

MADRID, Jan 9 (Reuters) - Chinese social media company TikTok must remember to respect European Union rules, including transparency requirements regarding its algorithms, Commissioner for the Internal Market Thierry Breton said on Monday. "I'll remind TikTok's president to respect the integrality of our rules, which are very protective of our citizens, and the obligations they'll have, including on the transparency of their algorithms," Breton said in a joint press conference with Spain's Economy Minister Nadia Calvino. TikTok's Chief Executive Shou Zi Chew is due to travel to Brussels to meet with top EU officials later this week. Reporting by David Latona; Editing by Inti LandauroOur Standards: The Thomson Reuters Trust Principles.

☆ An architect bought a crumbling 19th-century French château and restored it to match the original owners' plans. Now you can rent it for up to $600 a night — see inside.
▼ + stars: | 2023-01-04 | by ( Claire Turrell | ) www.businessinsider.com time to read: +7 min

Sibylle Thomke, a Swiss architect, bought a 19th-century château in France with her savings in 2017. Sibylle Thomke. "You could buy a three-bedroom apartment in Zurich for the price that I paid for this property," Thomke said. "My biggest concern was how to make sense of the château," Thomke said. As they offer the luxury of a dinner service four nights a week at the château, Thomke chose not to place it on Airbnb.

☆ Internet providers warn against EU plans to make Big Tech cover telcos costs
▼ + stars: | 2023-01-03 | by ( Martin Coulter | ) www.reuters.com time to read: +3 min

LONDON, Jan 3 (Reuters) - A group representing internet service providers across Europe said on Tuesday that a proposal to make Big Tech companies pay towards telecom operators' network costs could create systemic weakness in critical infrastructure. In September, European Commission’s industry chief Thierry Breton said he would launch a consultation on so-called “fair share" payments in early 2023, before proposing legislation. Sanghani added that legislators should not prioritise "administrative rules [over] technical necessity or a high-quality internet" for those in Europe. Critics of the proposed SPNP (Sending Party Network Pays) model have warned the so-called "traffic tax" could lead content-driven platforms like Facebook and other social media platforms to route their services via ISPs (internet service providers) outside of the EU. This could have a knock-on effect for users in Europe, with platforms potentially compromising quality and security for the sake of avoiding fees.

☆ Twitter layoffs continue under Elon Musk
▼ + stars: | 2022-12-22 | by ( Clare Duffy | ) edition.cnn.com time to read: +3 min

CNN —Additional Twitter employees were terminated Thursday as part of ongoing, rolling layoffs under new owner Elon Musk, including from the public policy and media and entertainment teams, according to tweets from affected employees. As part of Thursday’s layoffs, the members of Twitter’s public policy team who had remained following last month’s mass layoffs were again cut down by about half to around 15 employees, a former Twitter employee with knowledge of the layoffs told CNN. Among the public policy team’s responsibilities are working with outside advisory groups such as the Twitter Trust and Safety Council, which the company disbanded earlier this month. More than 100 former Twitter employees have filed demands for arbitration or are participating in proposed class action lawsuits related to the layoffs. In the meantime, Musk may be considering finding someone else to head the social platform, after Twitter users voted over the weekend for him to step down as CEO.

☆ Amazon may be responsible for allowing Louboutin knock-off ads, EU court says
▼ + stars: | 2022-12-22 | by ( ) www.reuters.com time to read: +2 min

BRUSSELS, Dec 22 (Reuters) - Online retailer Amazon (AMZN.O) may be deemed responsible for advertising of counterfeit Christian Louboutin shoes which found its way on to its platform, Europe's top court said in a preliminary ruling on Thursday. The EU court said it is now up to the two national courts to decide whether this is indeed the case. Louboutin brought two cases against Amazon in a Belgian and a Luxembourg court in 2019, saying the company regularly displayed advertisements for red-soled shoes put on the market without Louboutin's consent. Both courts had sought the guidance of the Luxembourg-based Court of Justice of the European Union (CJEU). Thierry Van Innis, Louboutin's lawyer, said the European court had followed the designer's arguments "in every detail".

Sinead McSweeney, global vice president for public policy, has left Twitter, according to two sources. The layoffs and departures of a high-ranking leader comes as regulators around the globe question Twitter's content moderation work and protection of user data after Musk cut the staff from more than 7,000 to under 2,000. The public policy team is responsible for interacting with lawmakers and civil society on issues including free speech, privacy and online safety. Nick Pickles, senior director for global public policy strategy, has taken over McSweeney's role, the two sources said. One source told Reuters that half of the 30 remaining members of Twitter's public policy team were cut on Wednesday, implying 15 people were laid off.

☆ Europe condemns Elon Musk suspending journalists from Twitter, warns of 'red lines'
▼ + stars: | 2022-12-17 | by ( Leila Sackur | ) www.nbcnews.com time to read: +6 min

Musk reinstated the suspended journalists early Saturday after a Twitter poll, but he had already drawn rebukes from the European Union and United Nations. “The EU’s Digital Services Act requires respect of media freedom and fundamental rights. officials have also estimated they will add more than 100 full-time staff by 2024 to enforce the Digital Services Act and other new rules on digital competition. “The Digital Services Act is unprepared for this kind of problem, because it’s not designed for that,” said Downing, speaking of Thursday’s suspensions of tech journalists. “There was never a conception that journalists would be banned from Twitter, because that’s not what Twitter does,” he added.

☆ European Union threatens sanctions over Twitter's ban of journalists
▼ + stars: | 2022-12-16 | by ( Julia Horowitz | ) edition.cnn.com time to read: +3 min

London CNN —Elon Musk’s decision to suddenly ban prominent tech journalists from Twitter is fanning a fierce backlash in Europe. Germany warned of the impact on press freedom, while a senior EU official said Twitter must comply with the bloc’s rules or face possible sanctions. “The EU’s Digital Services Act requires respect of media freedom and fundamental rights. European leaders previously said they were watching how Musk’s takeover of Twitter would affect the platform. Thierry Breton, a top EU official, warned Musk in late November that the social media platform must take significant steps to comply with the bloc’s content moderation laws.

☆ Fact Check-No evidence of human remains dubbed ‘Mona Lisa’ found on the moon
▼ + stars: | 2022-12-15 | by ( Reuters Fact Check | ) www.reuters.com time to read: +3 min

Human remains have never been found on the moon, NASA’s chief historian told Reuters, but users online are sharing a video that is allegedly proof a sarcophagus named Mona Lisa was discovered during a moon mission. The same Mona Lisa figure appears in the background of a book by French author Thierry Speth titled, “Apollo 20, the Unknown Mission” (here). He added that there is “no evidence to substantiate” the claim that a figure named Mona Lisa was found on the moon. He also shared filmstrips of the Mona Lisa to that group that match the footage in the viral video (here). In one post (here), Speth shared a link to an interview he did about Apollo 20 (here).

☆ Mental strength, moments of brilliance - how France reached the World Cup final
▼ + stars: | 2022-12-15 | by ( Julien Pretot | ) www.reuters.com time to read: +4 min

GROUP STAGE MATCH 2: FRANCE 2-1 DENMARKHaving lost their last two games against Denmark in June and September, France were facing their first real test of the tournament. LAST 16: FRANCE 3-1 POLANDAfter France went through a brief rough patch, Giroud opened the scoring to become France's all-time top scorer on 52 goals - moving one ahead of Thierry Henry. They went ahead thanks to a 25-metre Aurelien Tchouameni strike, but cracked early in the second half with Harry Kane converting a penalty after a Tchouameni foul. They went ahead on five minutes thanks to Theo Hernandez's high-hooked volley, forcing their opponents to take the initiative. France will play Argentina, who are also looking to win the World Cup for the third time, in Sunday's final at the Lusail Stadium.

☆ The US may have lost in the World Cup, but soccer is more popular than ever in America
▼ + stars: | 2022-12-12 | by ( Harry Enten | ) edition.cnn.com time to read: +36 min

The Atlas Lions made history as the first African team to reach a World Cup semifinal. They made history as the first all-female refereeing crew for a men's World Cup match. It was Morocco's first World Cup win since 1998 — and its third-ever at the tournament. Less spoken about is that they also rate better on television than the men do in the World Cup. We’ll just have to wait and see, though with the US, Canada and Mexico hosting the 2026 World Cup, soccer isn’t going away anytime soon.

☆ Giroud earns France win over England as Kane misses late penalty
▼ + stars: | 2022-12-10 | by ( Mitch Phillips | ) www.reuters.com time to read: +4 min

"It's extraordinary, we worked a lot in defence and in the end we managed to threaten," 36-year-old Giroud said. "We knew the potential of this young England team. England played with purpose for long periods and after Kane brought them level from the spot early in the second half they looked the more likely winners. "You've got to give credit to France, they're a good team, but I think I felt it was there for us to win tonight." "We played a superb England team who are strong technically and physically.

☆ Kylian Mbappé is reaching speeds of 22 miles per hour at the World Cup. Can anyone stop him?
▼ + stars: | 2022-12-09 | by ( George Ramsay | ) edition.cnn.com time to read: +5 min

CNN —Ahead of its World Cup quarterfinal against France, England has a problem to solve. But the 23-year-old has showcased more than just clinical finishing at the World Cup, terrorizing opponents with his phenomenal speed and ability to get behind the defensive line. “I do understand what I need to do and that’s obviously to stop him,” Walker told reporters this week. It will be an intriguing encounter at the Al Bayt Stadium, pitting two of the World Cup highest-scoring teams against each other. I’m sure he’s going to be the best midfielder in the world.”With some of the best players of the tournament going toe-to-toe, this quarterfinal has all the ingredients of a World Cup classic.

☆ World Cup quarter-finals 2022: which teams have qualified?
▼ + stars: | 2022-12-06 | by ( ) www.reuters.com time to read: +5 min

Captain Lionel Messi, who has said he intends to retire from the national team after the tournament, scored his first goal in a World Cup knockout round in his 1,000th match to beat Diego Maradona's tally of eight World Cup goals. The Selecao have lifted the World Cup five times and are the pre-tournament favourites to win a record-extending sixth title. This is the sixth World Cup for Croatia, who reached the final in 2018 when they lost to France. England have won the World Cup only once in 1966, and finished fourth in 2018. France won the World Cup in 1998 and 2018.

☆ Biden's climate plan strains trade ties with Europe
▼ + stars: | 2022-12-06 | by ( Anna Cooban | ) edition.cnn.com time to read: +7 min

The European Union and United States — together responsible for one third of global trade — have been at loggerheads in recent weeks over US President Joe Biden’s landmark $370 billion climate plan. While a trade war is unlikely, the plan is testing the transatlantic alliance and pushing Europe to consider mobilizing its own package of subsidies. The IRA is now law, and there is little appetite to bring it back to Congress to make substantive changes, he told CNN Business. The European Union has a couple of options at its disposal, analysts told CNN Business. On Monday, Italian Economy Minister Giancarlo Giorgetti said that the bloc should create its own “European IRA plan,” according to a Reuters report.

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