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☆ World Court says it can rule on Guyana-Venezuela border dispute
▼ + stars: | 2023-04-06 | by ( ) www.reuters.com time to read: +2 min

THE HAGUE, April 6 (Reuters) - Judges at the International Court of Justice (ICJ) on Thursday ruled they had jurisdiction over a long-running border dispute between Guyana and Venezuela, which could determine which country has rights to offshore oil and gas fields. Guyana asked the ICJ, also known as the World Court, in 2018 to confirm that the border was laid down in an 1899 arbitration between Venezuela and the then-colony of British Guiana. The court "by 14 votes to 1, rejects the preliminary objection raised by the Bolivarian Republic of Venezuela," said presiding judge Joan Donoghue, while reading the decision. Venezuela does not want the ICJ to rule and instead insists on a bilateral negotiated solution to determine the course of the land border, which may ultimately determine which country has rights to certain offshore oil and gas fields. Offshore oil discoveries in recent years have given Guyana, which has no history of oil production, the potential to become one of the largest producers in Latin America.

☆ Got a thriving side job? Here's how and when to tell your boss about it — and why you probably should.
▼ + stars: | 2023-04-06 | by ( Alexandra York | Rebecca Knight | ) www.businessinsider.com time to read: +8 min

Experts say it's important to tell your boss about your side hustle. It's probably time to tell your boss about it. If your side hustle is already a thriving business, you tell your boss right away. Alistair Berg/Getty ImagesBut if your side hustle is already a thriving business, you should mention it right away, she said. "The minute you make a mistake or your performance slips, your boss might think you're not focused," Nahrgang said.

☆ Don't be fooled by these 9 common money myths, finance gurus say
▼ + stars: | 2023-04-01 | by ( Greg Iacurci | ) www.cnbc.com time to read: +8 min

CNBC polled eight personal finance experts to help answer one question: What are the biggest money myths out there for consumers? Dealers therefore can have an incentive to charge a higher rate because they will also make more money, she said. Myth #3: Financial 'advice' always has your best interests at heartThere's a misconception that every financial advisor is a "fiduciary," said George Kinder, who pioneered the "life planning" branch of financial advice. "Although households and regulators remain concerned about the cost of financial advice, it's the absence of holistic financial advice that turns out to be so expensive," he said. There are many different fee models for financial advice, and the cost doesn't have to be significant: Many advisors have hourly or project rates, for example.

☆ World Court rules U.S. was wrong to freeze Iranian assets
▼ + stars: | 2023-03-30 | by ( Stephanie Van Den Berg | ) www.reuters.com time to read: +2 min

However, in a blow for Tehran, the World Court said it did not have jurisdiction over $1.75 billion in frozen assets from Iran's central bank, by far the largest amount claimed back by Iran. The ruling comes amid heightened tensions between the United States and Iran after tit-for-tat strikes between Iran-backed forces and U.S. personnel in Syria last week. The case before the ICJ, also known as the World Court, was initially brought by Tehran against Washington in 2016 for allegedly breaching a 1955 friendship treaty by allowing U.S. courts to freeze assets of Iranian companies. The rulings of the ICJ, the United Nations' top court, are binding, but it has no means of enforcing them. The United States and Iran are among a handful of countries to have disregarded its decisions in the past.

☆ Investing isn't free. But here's why 20% of investors think it is
▼ + stars: | 2023-03-25 | by ( Greg Iacurci | ) www.cnbc.com time to read: +6 min

Investment fees may be a worthy addition to that list in the modern era — though not all investors are aware of this near-universal fact. These firms — whether an investment fund or financial advisor, for example — generally levy investment fees of some kind. watch now"And that makes you much less sensitive to the fees you're paying — in amount and whether you're paying fees at all." Here's the good news for many investors: Even if you haven't been paying attention to fees, they've likely declined over time. This is largely due to investors' preferences for low-cost funds, particularly so-called index funds, Morningstar said.

Online searches by Americans for flights to Europe trips are surging despite soaring air fares, a worsening economic outlook and risks of gridlock at some of the airports in Europe. The travel boom is promising record profit margins at some U.S. carriers, which are ramping up transatlantic capacity to cash in on Americans' thirst for travel to Europe. Travel website Kayak said searches for travel to Europe this summer are up 77% from last year. There is still untapped travel demand for Europe even after a busy summer last year, said Hayley Berg, lead economist at Hopper. Average fare for a round-trip flight to Europe, meanwhile, has risen 31% from last year, Hopper data shows.

Putin is just the third head of state to be indicted by the International Criminal Court while still in power. The ICC accuses Putin of responsibility for the war crime of deporting Ukrainian children - at least hundreds, possibly more - to Russia. TRAVEL ABROADThe ICC's 123 member states are obliged to detain and transfer Putin if he sets foot on their territory. Kenya's President William Ruto and his predecessor Uhuru Kenyatta were both charged by the ICC before they were elected. Former Kosovo President Hashim Thaci, one of Milosevic's adversaries in the 1990s Balkan wars, left office after being indicted for war crimes by the Kosovo war crimes tribunal in The Hague.

☆ In show of unity, NATO and EU heads visit North Sea gas platform
▼ + stars: | 2023-03-17 | by ( Nora Buli | ) www.reuters.com time to read: +3 min

[1/3] Norway Prime Minister Jonas Gahr Stoere, European Commission President Ursula von der Leyen, NATO Secretary-General Jens Stoltenberg and Equinor CEO Anders Opedal visit the Troll A gas platform in the North Sea, Norway March 17, 2023. Ole Berg-Rusten /NTB/via REUTERSTROLL A PLATFORM, North Sea, March 17 (Reuters) - The heads of NATO and the European Commission flew on Friday to a North Sea platform to discuss the security of supplies and infrastructure, a visit underlining Norway's importance for gas shipments since Russia's invasion of Ukraine. The Troll A platform extracts gas from Norway's biggest gas field. After a drop in Russian flows, the Nordic country last year became the largest gas supplier to the EU. The field accounts for one third of daily Norwegian gas exports to Europe.

☆ The average bachelorette party now costs $10,800
▼ + stars: | 2023-03-16 | by ( Madeline Berg | ) www.businessinsider.com time to read: +3 min

The price of bachelorette parties is on the rise, with the average one costing $10,800, per Bach. Bachelorette parties have become extravagant multi-day trips — complete with goat yoga and pontoon saloons — and the average one now costs a total of $10,800, according to Bach, an app made to help people plan bachelorette parties and group travel. With an average party size of nine, the typical bachelorette attendee is now spending $1,200 per party. According to data from Bach, the average bachelorette party now spans 2.8 days, up from 2.6 days one year ago. The average bachelorette party attendee is spending $400 on experiences, per Bach, and about $300 on their flight and $300 on accommodations.

☆ U.S.-led Iraq war ushered in years of chaos and conflict
▼ + stars: | 2023-03-09 | by ( ) www.reuters.com time to read: +4 min

[1/5] A general view of Tahrir square as demonstrators take part during the ongoing anti-government protests in Baghdad, Iraq November 5, 2019. Here is a look at some of the violence, including suicide bombings and beheadings, that has plagued Iraq, a major OPEC oil producer and key U.S. ally, since the 2003 war. * March 20, 2003 - U.S.-led forces invade Iraq from Kuwait to oust Saddam Hussein. * October 2004 - Al Qaeda leader in Iraq Abu Musab Al-Zarqawi starts waging bloody attacks designed to turn majority Shi’ite Muslims against minority Sunnis in a civil war. * January 2007 - Bush announces a new war strategy including a “surge” of U.S. troops into Iraq to combat the insurgency.

☆ Salesforce is having its best day since 2020 after blowout earnings report
▼ + stars: | 2023-03-02 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Salesforce shares surged 12% on Thursday and headed for their biggest single-day rally since August 2020, after the cloud software vendor issued earnings and guidance that trounced analysts' estimates. After the close of regular trading on Wednesday, Salesforce reported fiscal fourth-quarter adjusted earnings of $1.68 per share, 23% higher than the consensus among analysts polled by Refinitiv. Alongside the earnings report, Salesforce said it's working with Bain on a business review, and the company announced the elimination of the board's committee on mergers and acquisitions. Rangan, who recommends buying the stock, raised his 12-month price target for the second time in a week after the report. WATCH: Salesforce earnings highlight how expectation beats can move markets, says Kari Firestone

☆ US Postal Service plans to buy 9,250 EV Ford delivery vehicles
▼ + stars: | 2023-02-28 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

Postal Service (USPS) said Tuesday it plans to buy 9,250 Ford (F.N) E-Transit battery electric vehicles starting later this year and will also purchase an equal number of gasoline-powered models from Chrysler-parent Stellantis (STLAM.MI). Congress in August gave USPS $3 billion as part of a $430 billion climate bill to buy electric vehicles and charging infrastructure. USPS said it will also buy 9,250 2023 and 2024 model year Ram ProMaster vans from Chrysler-parent Stellantis "to fill the urgent need for vehicles." They are part of the 21,000 vehicles included in USPS December vehicle plan. Democratic Senator Gary Peters praised USPS for using funding to "quickly adopt more cost effective and energy efficient electric vehicles."

REUTERS/Miguel VidalA CORUNA, Spain/LONDON, Feb 28 (Reuters) - In Spain's A Coruna, two contrasting fashion business models collide - pitching the growing demands for the clothing industry to become more sustainable against the constant need to drive sales. This rainy, windswept, city on the rugged Atlantic coast is the unlikely headquarters of Zara-owner Inditex (ITX.MC) - the world's biggest fast fashion retailer. It also hosts small boutiques offering high quality, durable products that consider themselves an alternative to the fast and affordable fashion propelling Inditex's annual sales of 28 billion euros ($30 billion). "If you release tonnes and tonnes of clothes, textiles, shoes into the market, you will have to collect it," he said. But Circ and its competitors are only capable of producing 1% of the textiles needed to make the 109 million tonnes of clothes per year that the global fashion industry churns out.

☆ Thunberg, other protesters block Norway energy ministry over wind farms
▼ + stars: | 2023-02-27 | by ( ) www.reuters.com time to read: +1 min

The reason for the action is that the wind turbines at Fosen, which the Supreme Court has said are illegal, have not been demolished. NTB/Ole Berg-Rusten via REUTERSOSLO, Feb 27 (Reuters) - Environmental campaigner Greta Thunberg and dozens of other activists on Monday blocked entrances to Norway's energy ministry, protesting against wind turbines built on land traditionally used by indigenous Sami reindeer herders. Norway's supreme court in 2021 ruled that two wind farms built in central Norway violated Sami rights under international conventions, but the turbines remain in operation more than 16 months later. "I am here to support the struggle for human rights and indigenous rights," Thunberg told Reuters while sitting outside the ministry's main entrance with other demonstrators. The government has said the ultimate fate of the wind farms is a complex legal and political quandary despite the supreme court ruling and is hoping to find a compromise.

WHO IS INVESTIGATING WAR CRIMES IN UKRAINE? Ukrainian war crimes prosecutors are working with mobile justice teams supported by international legal experts and forensic teams. A total of 296 individuals have been charged with war crimes. War crimes can be defined under customary international law or national law. A number of mostly European states have universal jurisdiction laws that allow them to prosecute Ukrainian war crimes.

☆ Spring break gets pricey as travelers return to old booking habits
▼ + stars: | 2023-02-21 | by ( Leslie Josephs | ) www.cnbc.com time to read: +3 min

Spring break travel demand is picking up, driving up airfare and hotel rates. Airlines, grappling with pilot shortages and aircraft delivery delays, have already limited capacity growth, which is keeping airfare up from last year. Now travelers are going back to booking patterns common before the pandemic, flying on peak days to traditional destinations, airline executives say. That makes it even more important for travelers to stay flexible if they're trying to save money to avoid spikes in fares. Spring break demand is "probably the best we've ever seen," Frontier Airlines CEO Barry Biffle said in an interview.

☆ Ukraine war shows urgency of military AI, Palantir CEO says
▼ + stars: | 2023-02-15 | by ( Tosterling Stephanie Van Den Berg | Stephanie Van Den Berg | ) www.reuters.com time to read: +2 min

AMSTERDAM, Feb 15 (Reuters) - Ukraine's effective use of artificial intelligence (AI) to target Russian forces has pushed the technology onto the agenda of military and political leaders around the world, the CEO of U.S. software firm Palantir (PLTR.N) said on Wednesday. Speaking at the first international summit on responsible military use of AI, CEO Alex Karp said use of AI in war has moved from a "highly erudite ethics discussion" to a top concern since the start of the conflict in Ukraine. "This has now shifted to: your ability to identify the right technology and implement it will determine what happens on the battlefield," he said. "One of the major things we need to do in the West, is realise this lesson is completely understood by China and Russia." Karp has previously said that Planatir is "responsible for most of the targeting in Ukraine", with the company citing the examples of tanks and artillery.

☆ Dutch host first summit on 'responsible' use of AI in the military
▼ + stars: | 2023-02-14 | by ( Tosterling Stephanie Van Den Berg | Stephanie Van Den Berg | ) www.reuters.com time to read: +3 min

"We're taking the first step in articulating and working toward what responsible use of AI in the military will be." The event may be an early step toward someday developing an international arms treaty on AI, though that is seen as far off. Some 2,000 people including experts and academics are attending a conference alongside the summit, with discussion topics including killer drones and slaughter bots. Hoekstra said the summit will not replace that debate but will look at other aspects of military AI. Examples include definition of terms, how AI could safely be used to accelerate decision-making in a military context, and how it could be used to identify legitimate targets.

Insider compiled a list of 15 New York-based startups shaping the creator economy. With its top creator agencies, influencer-led businesses, and content studios, the West Coast is often seen as the hub of the creator economy. But when it comes to creator economy startups, New York is giving Los Angeles and Silicon Valley a run for their money. In the past two years, investors have poured hundreds of millions of dollars into New York-based creator economy startups. We considered factors like customer adoption, fundraising success, and a company's contributions to the creator economy.

Bob Berg | Moment Mobile | Getty ImagesIn a fragmented media landscape, events like the Super Bowl are prized by advertisers for the exposure they offer. These commercials are an institution in and of themselves, with the ads generating conversation for weeks ahead and days after the big game. Consumers might recall well-crafted Super Bowl ads years after their debut. So does Super Bowl exposure truly help boost business? It drove so many viewers to Coinbase's app that it crashed on the night of the Super Bowl.

☆ How Tom Brady's robust trademark and brand strategy that spans cookbooks to skincare is setting him up for life after the NFL
▼ + stars: | 2023-02-02 | by ( Ashley Rodriguez | Madeline Berg | ) www.businessinsider.com time to read: +4 min

Tom Brady is retiring from football, but his trademark applications could set up his second act. Brady's trademarks speak to his range of business interests, from health and wellness products to digital collectibles and NFT marketplaces. He also has a swath of trademark applications for consumer goods, like eyewear, clothing, skincare, bags, and water bottles. This story was originally published in August 2022 and has been updated in light of Tom Brady's retirement announcement. Here's a breakdown of the pending trademark applications for Brady's personal brand (condensed and categorized by Insider):

☆ 5 easy side hustles to start with little to no money
▼ + stars: | 2023-01-31 | by ( Alexandra York | ) www.businessinsider.com time to read: +1 min

A low-cost side hustle is a great way to generate extra income ahead of an economic downturn. Alistair Berg/Getty ImagesWith the possibility of a recession on the horizon, experts say it's time to start saving. Starting a side hustle can be a great way to earn that extra cash, founders told Insider. "At the early stage, the capital needs are at their lowest ever," Dave Mawhinney, an entrepreneurship professor and executive director at Carnegie Mellon University, previously told Insider. From blogging to selling vintage clothes, here are five side hustles to start with little or no money, as well as advice from founders who've done it.

☆ Armenia tells World Court Azerbaijan blockade is 'ethnic cleansing'
▼ + stars: | 2023-01-30 | by ( Stephanie Van Den Berg | ) www.reuters.com time to read: +2 min

THE HAGUE, Jan 30 (Reuters) - Armenia told judges at the World Court on Monday that a blockade of the disputed Nagorno-Karabakh region by neighbouring Azerbaijan was designed to allow "ethnic cleansing", a claim rejected by Baku. Monday's hearing at the International Court of Justice (ICJ), also known as the World Court, was called to hear an Armenian request for the court to order Azerbaijan to lift the blockade. "Such blatant acts of ethnic cleansing have no place in the modern era and this court is the last hope for the ethnic Armenians of Nagorno-Karabakh," Kirakosyan said. Mammadov also said that Armenia's claims of ethnic cleansing were "distorting reality deliberately" and were "fanning the flames" of conflict. On Tuesday the ICJ will hear a competing demand from Azerbaijan for the court to order Armenia to stop planting landmines in territories it once occupied.

☆ ASML: Steps made towards deal on curbing exports to China
▼ + stars: | 2023-01-28 | by ( ) www.reuters.com time to read: +1 min

THE HAGUE, Jan 28 (Reuters) - ASML Holding NV (ASML.AS) said on Saturday it understood progress had been made towards an agreement among several governments on new restrictions on semiconductor manufacturing equipment exports to China. ASML, a key supplier to chipmakers, has been restricted from selling its most advanced tools to China since 2019. Tensions between the United States and China over semiconductors have steadily worsened since then, prompting Washington in October to impose export restrictions on its own chip manufacturing equipment companies. "It is our understanding that steps have been made towards an agreement between governments which, to our understanding, will be focused on advanced chip manufacturing technology, including but not limited to advanced lithography tools," ASML said. Its statement follows a Bloomberg report on Friday that said the United States, Japan and the Netherlands had reached an agreement following months of talks.

☆ Dutch PM Rutte: may not disclose result of U.S. chip export control talks
▼ + stars: | 2023-01-27 | by ( ) www.reuters.com time to read: +2 min

AMSTERDAM, Jan 27 (Reuters) - The Netherlands' Prime Minister Mark Rutte said on Friday that it is not clear whether his government will disclose the result of ongoing talks with the U.S. over new export restrictions for the semiconductor industry. A Dutch delegation is in the U.S. on Friday for talks. "Those talks have been going on for a long time and we're not saying anything about it," Rutte said. Asked whether ASML would not need to be informed of the decision in order to implement new restrictions, Rutte said government communications with the company "are also private." Reporting by Stephanie van den Berg, Toby Sterling, Charlotte Van Campenhout, Editing by Louise HeavensOur Standards: The Thomson Reuters Trust Principles.

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