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This as-told-to essay is based on a conversation with an Amazon worker in Germany who spoke anonymously to protect their privacy. Amazon notified all employees on Monday about the new return-to-office mandate requiring us to come into the office five days a week from January. Before Amazon made the announcement this week, I already had a feeling that a stricter return-to-office mandate was coming in 2025. I see the value in coming together occasionally and brainstorming, but outside that, it's unnecessary to always work from the office. The consensus among other Amazon employees I've spoken to is that they plan to leave when the economy and job market improve.
Persons: I'm Organizations: Service, Business, Amazon Locations: Germany
Italy's FTSE MIB meanwhile was set to fall by around 39 points to 33,784. LONDON — European markets were headed for a lower open on Wednesday as investors considered key data from the region and looked to the U.S. Federal Reserve interest rate decision. In Europe, U.K. inflation figures for August were published Wednesday, coming in at 2.2% according to data from the Office for National Statistics. The data comes ahead of the Bank of England meeting and interest rate policy decision scheduled for later this week. The Fed is all but guaranteed to announce an interest rate cut on Wednesday, which would be its first since it started hiking rates in March 2022.
Persons: Germany's DAX Organizations: CAC, LONDON, U.S . Federal, Office, National Statistics, Bank of England, Bank of Japan, U.S . Federal Reserve, Traders Locations: Europe, Asia, Pacific
If you don't recognize the brand's name, you might know its iconic grooved aluminum luggage. LVMH acquired the now-126-year-old German company in 2016Hugues Bonnet-Masimbert, CEO of Rimowa, told BI that the company's buyers are split evenly between male and female. Brittany Chang/Business InsiderRimowa gave rise to two of the largest hard-shelled luggage trends when it debuted its aluminum luggage in the 1920s and its polycarbonate options eighty years later. (Hugues Bonnet-Masimbert, CEO of Rimowa, told BI that the company is constantly monitoring and improving its quality.) Brittany Chang/Business InsiderJust don't bring your luggage in for repairs when it inevitably gets scuffed up.
Persons: , John Baptist's, he's, Martha Stewart, Rodger Federer, Billie Eilish, Baptist, John Baptist It's, LVMH, Hugues Bonnet, Brittany Chang, Louis Vuitton, Tiffany, Bernard Arnault's, Rimowa, they've, Tania Antonenkova, Tania Antonenkova Tania Antonenkova, Birkin, she's, Antonenkova, Carter Smith, Smith, doesn't, Haines, Masimbert, Vanessa Garoute, Garoute, Vanessa Garoute Garoute, — she's, you'll, Jane Birkinifying Organizations: Service, Business, York City Locations: Los Angeles, China, Europe, Asia, North America, Germany, Miami, Vegas, France, Rimowa's, York
WASHINGTON — Sen. Bernie Sanders, I-Vt., renewed his criticism of drugmaker Novo Nordisk on Tuesday, claiming that the CEOs of major generic pharmaceutical companies have told him that they can produce and sell its blockbuster diabetes drug Ozempic for less than $100 a month. During Tuesday's roundtable, Sanders said his recent conversations with generic drugmakers revealed that Novo Nordisk's pricing is "nothing less than excess corporate greed." “They have studied the math, and they tell me that they can sell a generic version of Ozempic, the exact same drug that Novo Nordisk is manufacturing, to Americans for less than $100 a month," Sanders said. Sanders’ office declined to say which generic drug companies told him that they could sell Ozempic at a fraction of what Novo Nordisk charges. Novo Nordisk did not immediately respond to a request for comment.
Persons: WASHINGTON — Sen, Bernie Sanders, Sanders, Lars Fruergaard Jorgensen's, Jorgensen, Wegovy, Dale Folwell, Eli Lilly's Organizations: drugmaker Novo Nordisk, Capitol, Novo Nordisk, Health, Education, Labor, Pensions, Wegovy, Nordisk, Yale Locations: U.S, Novo, Denmark, Germany, United Kingdom, North Carolina
It’s official — Amazon’s October Prime Day sale, Prime Big Deal Days, is happening on Oct. 8 and 9. Is Prime Big Deal Days different from Prime Day? Other than the timing of the sales — Prime Big Deal Days in October and Prime Day in July — the sales are not much different. How do you sign up for a Prime membership before Prime Big Deal Days 2024? In addition to numerous sales stories, I wrote NBC Select’s history of Amazon Prime Day and Prime membership guide.
Persons: we’ve, We’ll, TikTok Organizations: Deal, Amazon, October’s, NBC, Amazon Prime, Young, Foods, Retailers, Walmart, Target, Big Deal, Facebook, Twitter Locations: Australia, Austria, Belgium, Brazil, Canada, France, Germany, Italy, Japan, Luxembourg, Netherlands, Poland, Portugal, Singapore, Spain, Sweden, United Kingdom, Turkey, United States
Social media giant Meta announced Monday that it is banning Russian media outlet RT, days after the Biden administration accused RT of acting as an arm of Moscow’s spy agencies. “After careful consideration, we expanded our ongoing enforcement against Russian state media outlets. U.S. officials then accused RT of carrying out covert information warfare operations around the world on behalf of Russia's spy agencies. The Biden administration is imposing sanctions on a state-funded broadcaster that oversees RT, TV-Novosti; another state media company, Rossiya Segodnya; and its director, Dmitry Kiselyov, officials said. Meta started limiting Russian state-controlled media two years ago.
Persons: Biden, , James Rubin, Rossiya, Dmitry Kiselyov, cybercrimes, Meta Organizations: Meta, State Department, State, Global, Novosti, U.S . Justice Department, Democratic National Committee, Facebook Locations: Ukraine, Africa, Germany, Berlin, France, Paris, U.S, Russia
During his tenure as CEO, Grove transformed the chip company into a giant of Silicon Valley that, during the 1990s, was as important to the PC market as Microsoft. Pat Gelsinger, who has led Intel as CEO since 2021, has enacted a sweeping set of new initiatives to turn the chip company around. Its Gaudi 3 AI chip, unveiled as a rival to offerings from Nvidia and AMD, is expected to generate just $500 million in sales this year. Meanwhile, Alvin Nguyen, senior analyst at Forrester, told Business Insider that this is a big public win for Intel. Gelsinger's second headline announcement was that the company is establishing Intel Foundry as a separate subsidiary within Intel, with its own new operating board and independent directors.
Persons: , Andrew Grove, he'd, Grove, Grove —, Pat Gelsinger, Gordon Moore, Gelsinger, HWA CHENG, Patrick Moorhead, Moorhead, Alvin Nguyen, Forrester, Gelsinger's, It's, Forrester's Nguyen, Bernstein Organizations: Service, Microsoft, Intel, Business, Nvidia, Gaudi, AMD, Revenue, HWA, Getty, Amazon Web Services, Intel Foundry, Reuters Locations: Silicon, Japan, Moore's, AFP, Poland, Germany, Arizona , Oregon, New Mexico, Ohio
Tourists are visiting the center of Munich in Munich, Germany, on July 21, 2024. LONDON — European stocks are set to open higher Tuesday, as upcoming central bank meetings remain in focus. The FTSE 100 was seen opening 38 points higher at 8,311, the German DAX up 54 points at 18,681, the French CAC 28 points higher at 7,471 and Italy's FTSE MIB up 70 points at 33,622, according to IG data. The pan-European Stoxx 600 index struggled at the start of the week, closing 0.2% lower on Monday. Investors are awaiting key monetary policy decisions the week, with the U.S. Federal Reserve widely expected to cut rates for the first time in four years on Wednesday.
Persons: DAX Organizations: LONDON, CAC, U.S . Federal Reserve Locations: Munich, Germany
CNN —Paul Whelan, who spent five-and-a-half years wrongfully detained in Russia, revealed Tuesday that he had spent the final five days leading up to his release in solitary confinement. “It was due to people like my parents, who grew up in England during the war. It was that kind of, you know, resiliency that saw them through their childhood in England, and that’s how I grew up. Whelan said it was great to be back but “there’s a lot ahead.”“One of the things I’m focused on is getting a new car. Whelan also expressed gratitude for the government agencies who helped secure his release.
Persons: CNN — Paul Whelan, , , ” Whelan, Whelan, Marc Fogel, Marc, Trevor, Reed Organizations: CNN, Capitol, Michigan Locations: Russia, PISA, , England, United States, Germany, readjusting, American
In a Tuesday interview with CNBC's Jim Cramer, Siemens USA CEO Barbara Humpton detailed how her company's digital twin program lets builders test models virtually before starting production. Based in Germany, Siemens develops hardware and software for several industries like electrical infrastructure and transportation, as well as digital twin technology for manufacturing facilities. Humpton said digital twins produce a "digital representation of any physical object" and incorporate the laws of physics. Humpton highlighted the company's "smart infrastructure" initiative, which she said is Siemens USA's largest and fastest-growing business. Smart infrastructure technology enables widespread electrification and data center creation, she said.
Persons: CNBC's Jim Cramer, Barbara Humpton, Humpton Organizations: Siemens USA, Siemens, NASA, Las Vegas Locations: Germany, Mars, U.S, New York, Los Angeles, North America, United States
CNN —US military aid packages for Ukraine have been smaller in recent months, as the stockpiles of weapons and equipment that the Pentagon is willing to send Kyiv from its own inventory have dwindled. The shift comes amid concerns about US military readiness being impacted as US arms manufacturers play catchup to the huge demand created by the war against Russia. In April, Congress gave the Biden administration an additional $13.4 billion to use specifically to send Ukraine weapons and equipment drawn from US stockpiles. There are also limits, the official added, to how quickly Ukraine can absorb the equipment and distribute it effectively. Austin acknowledged at the meeting that the US is working to ramp up production and “speed up deliveries” to Ukraine.
Persons: Biden, , Pat Ryder, It’s, won’t, Volodymyr Zelensky, Zelensky, Defense Department hasn’t, Defense Lloyd Austin, Austin, ” Austin, Organizations: CNN, Pentagon, Russia, Russia’s, Patriot, National Security Council, Ukraine Defense Contact Group, Defense Department, Congress, , Defense Locations: Ukraine, Germany, Kyiv
China sent several warships and 15 aircraft to waters off Russia’s Far East coast for Ocean-2024, according to the Russian military. The latest Russia-China military drills fit a pattern of more than a decade of enhanced military coordination between the two countries, experts say. The joint drills also raise questions about whether the two nuclear-armed powers, which are not treaty allies, could act together in any potential future conflict. Russian military sailors attend the opening ceremony for a joint naval exercise in the South China Sea in July. But observers say that despite the growing coordination within joint drills, it’s unlikely there is a clear end goal past sending a strong signal – at least for now.
Persons: Vladimir Putin, Putin, Xi Jinping, Sergei Bobylev, Xi, , “ They’re, , Alexander Korolev, Washington’s, Carl Schuster, Korolev, it’s “, Elizabeth Wishnick, , Russia –, James Char, Schuster Organizations: Hong Kong CNN, Kremlin, Canadian, Putin, NATO, Sputnik, Reuters, Soviet, Center for Strategic, International Studies, CNN, Russian, CSIS, University of New, US Navy, Pacific Command’s Joint Intelligence Center, Russian Defense Ministry, Beijing, South China, Pacific Security Affairs Division, CNA, India, Nanyang Technological University’s Institute of Defense, Strategic Studies, China, Navy Locations: China, Hong Kong, United States, Moscow, Russia, Ukraine, East, Ocean, Russian, Japan, Alaska –, South China, Beijing, Washington, Taiwan, Soviet Union, Communist China, Alaska, Pacific, University of New South Wales, Sydney, Asia, Germany, Philippines, South, Iran, lockstep, Nanyang, Singapore
MAINZ, Germany — Police are investigating after an explosion rocked central Cologne in western Germany on Monday. The explosion took place in the entrance way of the Vanity nightclub in the Hohenzollernring area, known as a main entertainment district of Cologne, at around 5.50 a.m. local time, a police spokesman told NBC News. Several glass windows apparently burst in the explosion “and could have likely harmed more people, if the explosion had occurred at a later time,” the spokesman said. Local authorities said in a post on X on Monday that a "major" police operation was underway as they urged residents to avoid the Hohenzollernring area. Police told NBC News that the area is under CCTV surveillance and that the footage will be part of the ongoing investigation.
Persons: Andy Eckardt, Chantal Da Silva Organizations: Germany — Police, NBC News, Police Locations: MAINZ, Germany, Cologne, Mainz, London
Tensions are high in the South China Sea, as China continues its aggressive tactics against Philippine vessels. JAM STA ROSA/AFP via Getty ImagesClashes between China and the Philippines in the South China Sea have been escalating for months as China unjustly claims sovereignty over a majority of the South China Sea, defying international law while increasing efforts to assert its authority in the area. While traveling to Manila, the Baden-Württemberg and Frankfurt am Main transited the Taiwan Strait, sparking backlash from China. The German warships transited the Taiwan Strait last week for the first time in 20 years. "International waters are international waters," he said .
Persons: , Per Andreas Pfaffernoschke, Pfaffernoschke, Mao Ning, German Defense Ministry Boris Pistorius, Mao Organizations: Service, Business, Baden, Philippine, ROSA, Getty, Ministry of Foreign, German Defense Ministry, Command Locations: Philippines, Taiwan Strait, Germany, China, South China, Berlin, Frankfurt, Manila, AFP, Beijing, Baden, Württemberg, Taiwan, Main
Highlights included a remarkable performance from Barcelona’s wonderkid Lamine Yamal, another hat-trick from Bayern Munich striker Harry Kane and a goal for Real Madrid superstar Kylian Mbappé. Spain’s La LigaIf you hadn’t heard of Lamine Yamal before this year, then you definitely should have by now. The 17-year-old is arguably the most exciting emerging talent in world soccer and continued his brilliant form in Barcelona’s 4-1 win against Girona on Sunday. Germany’s BundesligaElsewhere in Europe, former Tottenham star Kane continued his impressive start to the new campaign with yet another hat-trick in a Bayern Munich shirt. Harry Kane scored another hat-trick for Bayern at the weekend.
Persons: Harry Kane, Kylian Mbappé, Lamine, , Dani Olmo, Pedri, Olmo, Barça, Carlo Ancelotti’s, Ander Gillenea, Mbappé, Vinícius Jr, Kane, Jamal Musiala, Stuart Franklin, Giovanni Di Lorenzo, Khvicha, Romelu Lukaku, Alessandro Buongiorno, Antonio Conte’s, Emanuele Perrone, Erling Haaland, agonizingly, Defender Gabriel Organizations: CNN, Bayern Munich, Real Madrid, Liga, Girona, Sunday, La Liga, Real Sociedad, Getty, Madrid, Sociedad, Germany’s Bundesliga, Tottenham, Bayern, Holstein, Bundesliga, Borussia Dortmund, RB Leipzig, Reigning, Bayer Leverkusen, Cagliari, Serie A, Inter Milan, Juventus, Napoli, League In England, Manchester City, Brentford, Arsenal, North London Derby, Gunners, City Locations: Europe, Europe’s, La, Barcelona, Real Madrid, Real, AFP, Madrid, Bayern Munich, Holstein Kiel, Italy, Napoli, Manchester, Norwegian
AP —Tito Jackson, one of the brothers who made up the beloved pop group the Jackson 5, has died at age 70. “It’s with heavy hearts that we announce that our beloved father, Rock & Roll Hall of Famer Tito Jackson, is no longer with us. The Jackson 5 included brothers Jackie, Tito, Jermaine, Marlon and Michael. Born on Oct. 15, 1953, Toriano Adaryll “Tito” Jackson was the least-heard member of the group as a background singer who played guitar. Michael Jackson died at age 50 on June 25, 2009.
Persons: Tito Jackson, Tito, Jackson, Michael, Janet, Roll Hall of Famer Tito Jackson, , TJ, Taryll, Jackie, Jermaine, Marlon, Joe Jackson, Toriano Adaryll, Tito ” Jackson, Pop, Michael Jackson, , “ There’s, that’s, Michael Jackson’s, He’s, We’re, “ Tito, Stevie Wonder, ” Tito Jackson, Randy, Rebbie, Katherine Organizations: Jackson, Roll Hall of Famer, Taj, Roll Hall of Fame, ABC, Associated Press, Entertainment Locations: Gary , Indiana, California, Munich, Germany
Read previewMithu Storoni, a neuroscientist and expert on mental stress, made three "radical" changes to the way she works after writing her latest book on optimizing workflow. Data suggests the brain is better at performing certain tasks at certain times of the day, Storoni said. AdvertisementSchedule tasks around brain rhythmAs much as possible, Storoni now schedules her working day around the type of tasks she needs to do. But provided you have at least some agency over when you do which tasks, this idea could be applied to a typical working day, she said. AdvertisementWhen she's doing focused or creative work, Storoni puts her phone face down on silent, pauses her email notifications, and doesn't read anything.
Persons: , Storoni, Slack, it's, Daniel de la, I'm Organizations: Service, Business, Creative Locations: Australia, France, Germany, Japan
A view of the Navigli in Milan, Italy on May 20, 2024. LONDON — European stocks were set to open higher Monday as investors prepared for a bumper week of interest rate decisions from the U.S Federal Reserve and the Bank of England. The FTSE 100 was seen opening 4 points higher at 8,278, Germany's DAX up 27 points at 18,713, France's CAC 7 points higher at 7,468 and Italy's FTSE MIB up 30 points at 33,583, according to IG data. The pan-European Stoxx 600 closed higher on Friday and added 1.09% for the week as positive momentum returned to the market. With a U.S. rate cut now all but guaranteed, investors are waiting to see by how much the Fed will cut rates on Wednesday, and what guidance chair Jerome Powell will give on the future path for monetary policy.
Persons: Germany's DAX, Jerome Powell Organizations: LONDON, U.S Federal Reserve, Bank of England, CAC Locations: Milan, Italy
Punit Paranjpe | Afp | Getty ImagesIndia can achieve sustainable economic growth of up to 8% over the medium term, according to the country's central bank governor. The figures have ratcheted up pressure on the central bank to launch its own rate-cutting cycle sooner rather than later. Shaktikanta Das, governor of the Reserve Bank of India (RBI), speaks during the Global Fintech Fest 2024 in Mumbai, India, on August 28, 2024. Nurphoto | Nurphoto | Getty ImagesIt comes as major central banks have started to ease monetary policy in recent months, including the European Central Bank, the Bank of England and the Swiss National Bank. Women (silhouetted) walk past Reserve Bank of India (RBI) logo displayed at Global Fintech Fest exhibition in Mumbai.
Persons: Punit Paranjpe, CNBC's Tanvir Gill, Shaktikanta Das, Das, Goldman Sachs Organizations: Afp, Getty, Reserve Bank of India, International Monetary Fund, Nurphoto, European Central Bank, Bank of England, Swiss National Bank, The U.S . Federal Reserve, ECB, Bank of India, Global Locations: Mumbai, India, Japan, Germany, U.S, China
Intel shares jump on chip deal with Amazon
  + stars: | 2024-09-16 | by ( Ramishah Maruf | ) edition.cnn.com   time to read: +2 min
New York CNN —Intel’s struggling chip-making business got a boost Monday from a high-profile client: Amazon. Intel Foundry and Amazon Web Services will coinvest in a custom chip design for the latter and “announced a multi-year, multi-billion-dollar framework,” according to a release. “Specifically, Intel Foundry will produce an AI fabric chip for AWS on Intel 18A,” Intel CEO Pat Gelsinger said in the statement Monday. The new deal, along with a $3 billion grant from the US government to boost domestic chip making and make chips for the US military, “demonstrates the continued progress we are making to build a world-class foundry business,” Intel said in the statement. Intel has changed its business model to try to become a global chip manufacturer to rival Taiwan’s TSMC.
Persons: New York CNN —, , Pat Gelsinger, Gelsinger, Taiwan’s TSMC, It’s Organizations: New, New York CNN, Intel, Intel Foundry, Amazon Web, Qualcomm, Texas Instruments, Nvidia, AWS Locations: New York, Arizona , Oregon, New Mexico, Ohio, Germany, Poland
Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. I spent the next three years with the company in India, then moved to the company's office in Dubai for two years, and then to Amsterdam. I enjoyed being done with work by 5 or 6 p.m. and having the rest of the day to myself. I'd been watching India's growth since I left and felt like I had missed the boom by leaving in 2014. I also felt like there was no career growth for me in Europe.
Persons: , Sarvesh Rajagopal, it's, I'd, I'm Organizations: Service, United Arab, McKinsey, Business, ING, Indian Institute of Management Locations: United Arab Emirates, Netherlands, Germany, India, Dubai, Amsterdam, Berlin, Europe, Ukraine, Latin America
Social media giant Meta on Monday announced that it is banning Russian media outlet RT, days after the Biden administration accused RT of acting as an arm of Moscow's spy agencies. "After careful consideration, we expanded our ongoing enforcement against Russian state media outlets. U.S. officials then accused RT of carrying out covert information warfare operations around the world on behalf of Russia's spy agencies. The Biden administration is imposing sanctions on a state-funded broadcaster that oversees the RT outlet, TV-Novosti, another state media company, Rossiya Segodnya, and its director Dmitry Kiselyov, officials said. Meta started limiting Russian state-controlled media two years ago.
Persons: Biden, James Rubin, RT, Rossiya Segodnya, Dmitry Kiselyov, Meta Organizations: Kremlin, Social, Monday, Meta, State Department, State, Global, Germany RT, Novosti, U.S . Justice Department, Democratic National Committee, Facebook Locations: Russia's, Russia, St, Basil's, Moscow, Ukraine, Africa, Germany, Berlin, France, Paris, U.S
CNN —Germany has begun new controls at all of its land borders as part of a crackdown on migration, placing restrictions on a wide area of free movement known as the Schengen Zone and stirring anger among its European neighbors. From Monday, as well as existing border controls with Austria, Switzerland, the Czech Republic and Poland, Germany will now also have internal border controls with France, Luxembourg, the Netherlands, Belgium and Denmark. Berlin will have the power to reject people at all land borders, a statement from the Interior Ministry said. The move marks how far Germany has shifted in recent years on the flashpoint issue of migration. Under European Union rules, member states have the ability to temporarily reintroduce border control at internal borders in the event of a serious threat to public policy or internal security.
Persons: Angela Merkel, Maja Hitij, Nancy Faeser, Donald Tusk, , , Chancellor Olaf Scholz, Ukraine – Organizations: CNN, Schengen, Interior Ministry, Union, Poland’s, Germany, Germany’s, Migration, ISIS Locations: Germany, Austria, Switzerland, Czech Republic, Poland, France, Luxembourg, Netherlands, Belgium, Denmark, Berlin, Kenya, Polish, Warsaw, Greece, Europe, East, Ukraine, Solingen
Antimicrobial resistance happens when pathogens like bacteria and fungi develop the ability to evade the medications used to kill them. A death attributable to antimicrobial resistance was directly caused by it, while a death associated with AMR may have another cause that was exacerbated by the antimicrobial resistance. For this combination – the antibiotic methicillin and the bacteria S. aureus – the number of attributable deaths nearly doubled from 57,200 in 1990 to 130,000 in 2021. The researchers estimated that, in 2050, the number of global deaths attributable to antimicrobial resistance could reach 1.9 million, and those associated with antimicrobial resistance could reach 8.2 million. Strathdee saw firsthand the effects that antimicrobial resistance can have on health when her husband nearly died from a superbug infection.
Persons: , Chris Murray, Murray, , ” Murray, it’s, Samuel Kariuki, Kariuki, Steffanie Strathdee, Strathdee, who’s, It’s, Strathdee’s, Tom Patterson, Patterson, baumannii, ” Strathdee, Dr, Sanjay Gupta Organizations: CNN, World Health Organization, AMR, Institute for Health Metrics, University of Washington, Global, Kenya Medical Research Institute, University of California San Diego School of Medicine, Center, Therapeutics, UC San Diego, CNN Health Locations: South Asia, Latin America, Caribbean, Africa, Kenya, Egypt, Germany
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's why European tariffs on Chinese EVs may not workCritics say the European Union's provisional tariffs on Chinese EVs could raise prices, reduce choice and slow the pace with which the EU meets its climate change mitigation targets. Some European automakers, especially those from Germany, oppose them. They also might not be high enough to actually stop the tide of Chinese imports. Supporters say they are necessary to 'offset the harm' done by China's pattern of subsidizing its own industries and subsequently crushing global competition.
Organizations: EU Locations: Germany
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