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☆ China should pay up for climate damage - German minister
▼ + stars: | 2022-11-18 | by ( Aidan Lewis | Simon Jessop | ) www.reuters.com time to read: +1 min

BERLIN, Nov 18 (Reuters) - Countries like China should contribute more to compensation payments for countries hit by climate-fuelled disasters, German Development Minister Svenja Schulze told broadcaster Bayerischer Rundfunk on Friday. So they must also contribute to dealing with the damage," Schulze told Bayerischer Rundfunk in an interview. Climate negotiators on Friday were mulling a late-night European Union proposal aimed at resolving a stubborn impasse over financing for countries hit by climate-fuelled disasters and pushing this year's U.N. climate summit in Egypt closer to a final deal. The EU offer is at odds with a proposal by developing countries and China that called for all developing countries to have access to the fund. That proposal used a U.N. definition that would have allowed China to receive, not contribute, money.

☆ EU proposes midway path on climate damage fund to unblock COP27 talks
▼ + stars: | 2022-11-18 | by ( Kate Abnett | ) www.reuters.com time to read: +3 min

The EU proposal would be to set up a special fund for covering loss and damage in the most vulnerable countries - but funded from a "broad donor base". "What we would propose is to establish a loss and damage response fund for the most vulnerable countries," EU climate policy chief Frans Timmermans told the COP27 summit. The Alliance of Small Island States and the G77 club of 134 developing countries, who have both pushed for a new fund at COP27, were consulting on their response to the EU proposal. Pakistan's ambassador to South Korea, Nabeel Munir, said Timmermans' proposal was "positive news" but that some divisions remained. The EU offer is at odds with a proposal by developing countries and China that called for all developing countries to have access to the fund.

REUTERS/Michael Weekes Jr./File PhotoNov 15 (Reuters) - Elon Musk’s rocket and satellite company SpaceX is in talks about an offering of mostly secondary shares that could value the company at up to $150 billion, representing a 20% increase in valuation, sources told Reuters. The offering would be aimed at helping employees and shareholders cash out, two of the sources said. That view appears to contradict earlier information from a separate source that the offering would raise up to $1 billion for SpaceX via a new share issuance. Talks with potential investors are centering around a price of $85 apiece for SpaceX shares, up from a split-adjusted $70 per share fetched earlier this year, sources said. The valuation is still fluid and any share sale plan, which requires SpaceX’s approval, could still change, the sources cautioned.

☆ A conversation with Shark Tank's Kevin O'Leary on FTX, Sam Bankman-Fried, and crypto regulation.
▼ + stars: | 2022-11-16 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Top of mind, inevitably, was last week's implosion of FTX, as O'Leary was a spokesperson and investor with the exchange. It was our third conversation together, and O'Leary shared candid thoughts on his FTX investments going to zero, as well as details from a phone call he had with Sam Bankman-Fried just before FTX declared bankruptcy. O'Leary, a paid spokesperson for FTX, said he had initially gained trust in the company and its 30-year-old CEO, Sam Bankman-Fried, a little over two years ago. The Shark Tank star told me that he was on the phone with Sam Bankman-Fried the day before FTX declared bankruptcy to discuss a price for potential buyers to rescue FTX. "He confirmed that it was $8 billion, and that's the number I took forward," O'Leary explained.

☆ Pompeo swipes at Trump after 2024 announcement, calls for leaders 'not staring in the rearview mirror claiming victimhood'
▼ + stars: | 2022-11-16 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +2 min

Mike Pompeo, former secretary of state under Trump, implicitly criticized his one-time boss. He called for "leaders who are looking forward, not staring in the rearview mirror claiming victimhood." Trump proclaimed himself to be a "victim" during his 2024 campaign announcement Tuesday night. "We need more seriousness, less noise, and leaders who are looking forward, not staring in the rearview mirror claiming victimhood," Pompeo wrote on Twitter on Wednesday morning. Pompeo, who served as both CIA Director and secretary of state under Trump, is said to be mulling his own presidential campaign.

☆ Elon Musk plans to come after Twitter's free lunches, days after telling employees they're no longer allowed to work from home: report
▼ + stars: | 2022-11-14 | by ( Britney Toh | ) www.businessinsider.com time to read: +3 min

Elon Musk is mulling making employees pay for lunch in the company cafeteria, per The New York Times. His polarizing comments drew backlash from a former Twitter employee, who said she ran the free lunch program at the company headquarters. Some said Musk was destroying Twitter's work culture, while others criticized Twitter's free lunch program, saying these meals are a privilege, not a right. Within one week of acquiring Twitter, Musk fired 50% of the company's employees. Musk moved on to laying off Twitter's contract staff over the weekend, with some affected employees saying they weren't given proper notice of impending layoffs.

☆ How a Disney creator helped edtech startup Paper create an interactive kids' streaming service that's like Peloton — but with math
▼ + stars: | 2022-11-11 | by ( Elaine Low | ) www.businessinsider.com time to read: +4 min

Paper Live, a interactive, educational live-streaming platform, launched in September 2022. The streamer is part of remote tutoring service Paper, which partners with school districts. This fall, it premiered Paper Live, a live-streaming service that includes an interactive element — and has a Hollywood-seasoned writer/executive producer at the helm. The newly expanded Paper Live launched around the start of the 2022-2023 academic year in the US. "We're seeing an uptick in not just usage of Paper Live but Paper in general because they're more familiar with the platform," said Cutler.

☆ Factbox: Who could run in the 2024 U.S. presidential election?
▼ + stars: | 2022-11-10 | by ( Katharine Jackson | ) www.reuters.com time to read: +7 min

His potential candidacy was buoyed by better-than-expected results for his fellow Democrats in Tuesday's midterm elections, which White House officials deemed a vindication of his administration's policies. FORMER PRESIDENT DONALD TRUMPRepublican former President Donald Trump has hinted seemingly endlessly that he will launch a 2024 White House run soon, most recently pointing to next Tuesday as the date for a possible announcement. VICE PRESIDENT KAMALA HARRISShould Biden decide not to run, Vice President Kamala Harris could step in. FORMER VICE PRESIDENT MIKE PENCERepublican former Vice President Mike Pence served as a loyal, prim No. The 63-year-old former Indiana governor is widely considered to be mulling a White House run.

☆ Some LGBTQ fans skip Qatar World Cup, fearing hostility
▼ + stars: | 2022-11-09 | by ( Associated Press | ) www.nbcnews.com time to read: +8 min

Instead, Niño de Rivera proposed at an Amsterdam stadium this summer and opted to skip the World Cup altogether. “It was a really hard decision.”Niño de Rivera’s concerns are shared by many LGBTQ soccer fans and their allies worldwide. An ambassador for the World Cup in Qatar, however, has described homosexuality as a “damage in the mind” in an interview with German public broadcaster ZDF. He publicly came out and has been lobbying to expand the conversation before the World Cup. “The World Cup can help change misconceptions, and we want fans to travel home with a better understanding of our country, culture and region.

☆ UK energy IPOs get a vote of minimal confidence
▼ + stars: | 2022-11-09 | by ( ) www.reuters.com time to read: +2 min

LONDON, Nov 9 (Reuters Breakingviews) - In one sense, Ithaca Energy’s initial public offering on Wednesday was a success. But a 6% drop below its 250 pence listing price on its first day of trading suggests it’s not all good news read more . Ithaca, owned by Israel’s Delek Group (DLEKG.TA), has a newly minted equity value of roughly $2.9 billion, and $1.4 billion of net debt. And Ithaca might have to rethink key growth projects, like oilfield Cambo, if the UK elects a potentially more anti-fossil fuel Labour government in the coming years. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Zoom calls will soon work in Teslas
▼ + stars: | 2022-11-09 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +2 min

CNN —Tesla drivers will soon be able to take a video call directly from their vehicle’s touchscreen dashboard, Zoom announced Tuesday. The video call provider announced on Tuesday during its annual Zoom (ZM)topia conference, where it typically teases new features to support remote calls, that its software is coming to Tesla (TSLA)’s built-in infotainment center. In a pre-recorded demo video shown at the event, a Tesla (TSLA) driver is seen taking a Zoom (ZM) call while recharging her vehicle. The Zoom news comes as Tesla faces growing competition in the electric vehicle market from established automakers such as Volkswagen, Ford and General Motors. SpaceX, for example, banned its employees from using Zoom in April 2020 over “significant privacy and security concerns.”

Term life insurance is sold for a specific period of time, such as 20 or 30 years. Ultimately, my wife and I chose to purchase term life insurance policies from American General Life Insurance. Insider's Featured Life Insurance Companies Lemonade Life InsuranceNationwide Life InsuranceGuardian Life Insurance Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. The younger and healthier you are, the less expensive a term life insurance policy will be. Until I wrote this article, I rarely gave our life insurance policies a second thought.

☆ The Fed's interest rate hikes helped make this weekend's $1.6 billion Powerball prize the largest lottery jackpot in US history
▼ + stars: | 2022-11-04 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +5 min

This weekend's $1.6 billion Powerball prize is the largest lottery jackpot in US history. The Federal Reserve's interest rate hikes are a key reason the headline prize is so high. In comparison, the lump sum prize for Saturday's lottery would only be approximately 49% of the $1.6 billion. So in some ways, the Fed is one reason Saturday's headline Powerball jackpot is the highest ever. This week, it surpassed the $1.54 billion Mega Millions jackpot in 2018 and the $1.59 billion Powerball jackpot in 2016.

☆ India's Delhi shuts primary schools as air quality deteriorates
▼ + stars: | 2022-11-04 | by ( ) www.reuters.com time to read: +2 min

NEW DELHI, Nov 4 (Reuters) - Primary schools in India's New Delhi will be shut from Saturday and restriction on road traffic will be considered, Chief Minister Arvind Kejriwal said on Friday as the capital continued to be engulfed by high levels of air pollution. "We're shutting down all primary schools in Delhi from tomorrow ... Also shutting down outdoor activities for all classes above class 5," Kejriwal told a press conference. The decision to shut some schools came after concerned parents and environmentalists took to social media, urging the authorities to consider the impact of pollution on children. District officials in Noida, a satellite city of New Delhi, on Thursday directed all schools to conduct online classes for students up to the eighth grade. India's federal pollution control board on Thursday evening banned the entry of diesel trucks carrying non-essential goods into the capital.

☆ Jeff Bezos and Jay-Z may team up to bid on the Washington Commanders NFL team, reports say
▼ + stars: | 2022-11-03 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +3 min

Jeff Bezos may be interested in buying the NFL's Washington Commanders, according to multiple reports. But the team isn't officially for sale and Bezos has been linked to four NFL teams since 2018. The Amazon founder is "looking into buying the Washington Commanders," with music mogul Jay-Z potentially joining Bezos as an investor, a person close to Bezos told People on Thursday. The Commanders are worth $5.6 billion, according to an estimate by Forbes from August, making the team the 6th-most valuable NFL franchise. For Jay-Z, team ownership would be nothing new: the hip-hop star was a part-owner of the NBA's Brooklyn Nets, though he sold his stake in 2013.

☆ Exclusive: DOJ mulling potential special counsel if Trump runs in 2024
▼ + stars: | 2022-11-03 | by ( ) edition.cnn.com time to read: 1 min

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☆ How edtech startup Paper recruited a Disney creator to build a kids' streaming service that's like Peloton — but with math
▼ + stars: | 2022-11-03 | by ( Elaine Low | ) www.businessinsider.com time to read: +4 min

☆ Famed Apple designer Jony Ive's advice to Airbnb's CEO during tough times: 'You aren't going to cut your way to innovation'
▼ + stars: | 2022-11-02 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +2 min

Airbnb CEO Brian Chesky counts former Apple design chief Jony Ive as one of his closest advisers. The pair talk almost every day and Ive weighed in when Airbnb was mulling job cuts. "You aren't going to cut your way to innovation," Ive said, though Airbnb later axed 1,900 roles. Ive is now advising Chesky on everything from logo design to strategy, and since the onset of the pandemic, Chesky and Ive talk almost every day. When Airbnb started considering job cuts, Ive weighed in: "You aren't going to cut your way to innovation," he told Chesky at the time.

☆ Elon Musk denied reports that he's speeding up Twitter layoffs to avoid paying out hefty stock grants to workers
▼ + stars: | 2022-10-31 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

Elon Musk said reports he's speeding up layoffs to avoid paying out stock grants are false. Musk is set to lay off workers before Tuesday, when they're scheduled to receive stock grants, per the NYT. Media reports suggest that Musk may also avoid giving fired execs their expected multi-million-dollar payouts. The Times reported that Musk could therefore avoid paying the grants. The Information reported that the "for cause" terminations were an attempt to avoid paying out severance pay and unvested stock awards.

☆ Shell announces $4 billion share buyback as profits double
▼ + stars: | 2022-10-27 | by ( Hanna Ziady | ) edition.cnn.com time to read: +2 min

The UK company posted net income of $9.45 billion in the third quarter, more than double the $4.1 billion it recorded a year ago. The result was driven by a strong performance in its oil exploration and production business, Shell said. The additional buybacks will increase total share purchases for the year to $18.5 billion, some 10% of the company’s share capital. It posted a record $11.5 billion profit in the second quarter, when oil prices were above $100 a barrel. “We are delivering robust results at a time of ongoing volatility in global energy markets,” Shell CEO Ben van Beurden said in a statement.

☆ White House says reports about national security reviews of Elon Musk's Twitter deal and Starlink network were 'not true'
▼ + stars: | 2022-10-25 | by ( Kate Duffy | ) www.businessinsider.com time to read: +2 min

The White House has said reports of national security reviews for Elon Musk's deals were false. The White House press secretary said in a briefing: "The national security review, that is not true." Bloomberg reported last week the US was weighing national security reviews for some of Elon Musk's ventures. Those reportings are not true," White House press secretary Karine Jean-Pierre said in a press briefing on Monday. "The national security review, that is not true."

So in 2018, they used a home equity line of credit to buy their first rental property in cash. While the couple could've saved for a down payment for their rental property, it would've taken months, if not a few years. In choosing the location for their rental property, they looked for a turnkey home that was pretty much move-in ready for tenants. Another perk of having a solid team to take care of their rental properties is the couple rarely needs to travel for in-person visits. All in all, Marques and Shyra are happy they made the decision to purchase their first rental property with a HELOC.

☆ Trump says Pence and other ex-Cabinet members would be 'very disloyal' if they ran against him in a 2024 GOP presidential primary
▼ + stars: | 2022-10-22 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Trump said it would be "very disloyal" if Pence and ex-Cabinet members ran against him in 2024. Mike Pence, Mike Pompeo, and Nikki Haley are thought to be considering their own 2024 bids. Vice President Mike Pence and other former members of the Trump administration have also been highlighted as potential challengers. Pence, Pompeo, and Haley are believed to be pondering 2024 campaigns. Larry Hogan, who has been a vocal critic of Trump, is also thought to be a potential 2024 opponent.

☆ UK finance minister Hunt mulling up to 20 bln pounds of tax rises - Telegraph
▼ + stars: | 2022-10-22 | by ( ) www.reuters.com time to read: 1 min

LONDON, Oct 22 (Reuters) - British finance minister Jeremy Hunt is considering up to 20 billion pounds of tax rises in a budget that is due to be set out on Oct. 31, the Telegraph reported on Saturday. The report, which did not cite sources, said Hunt could seek to reform capital gains rules and ditch a two-year government-funded removal of green levies from energy bills. Register now for FREE unlimited access to Reuters.com RegisterReporting by Muvija M; editing by William JamesOur Standards: The Thomson Reuters Trust Principles.

☆ Watch Estonia's foreign minister — whose country just voted to declare Russia a terrorist state— bluntly say he wants to see Putin go 'to hell'
▼ + stars: | 2022-10-20 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +2 min

Estonian Foreign Affairs Minister Urmas Reinsalu was asked Tuesday about Vladimir Putin. When political reporter Nina Haase-Trobridge of DW News asked Reinsalu, "Would you like to see Vladimir Putin go to jail," the foreign minister had another place in mind. Reinsalu's forward answer may not come as a surprise given his outspoken support for Ukraine and denunciation of Putin's war. The foreign minister previously defended his country's decision to ban Russian tourists and stop issuing new visas to Russians. At the outset of Russia's invasion, Estonia donated one-third of its military budget to Ukraine, according to the foreign minister.

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