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☆ The not-quite-redemption of South Africa's infamous ultra-marathon cheats
  + stars: | 2022-12-30 | by ( Ryan Brown | ) www.businessinsider.com   time to read: +35 min
"A runner can always recognize another runner," Eugene tells me. Ryan Brown for insiderIn those days, they didn't run for South Africa, but for QwaQwa – one of ten "homelands" established for Black South Africans. Tiny, non-contiguous territories – supposedly, the original territory of different Black South African ethnic groups – dotted across the country. It didn't turn out like that, but it didn't turn out like that for most Black South Africans either. As I sat speaking to Sergio, South Africa's president, Cyril Ramaphosa, was fighting for his political life after revelations that wads of cash, potentially ill-gotten, had been stolen from inside his sofa.
☆ Save the Children, others suspend Afghanistan efforts after Taliban bar on female staff
  + stars: | 2022-12-25 | by ( ) www.reuters.com   time to read: +3 min
The administration on Saturday ordered all local and foreign non-governmental organisations (NGOs) to send female staff home until further notice. The joint statement also highlighted the effect of the ban on female staff on thousands of jobs in the midst of an enormous economic crisis. Earlier, international aid agency AfghanAid said it was immediately suspending operations while it consulted with other organisations, and that other NGOs were taking similar actions. Chargé d'Affaires Karen Decker had posted on Twitter questioning how the Taliban planned to prevent hunger amongst women and children following the ban. She pointed out that the United States was the largest humanitarian aid donor to the country.
☆ Analysis: EU avoids sledgehammer to crack euro clearing nut - for now
  + stars: | 2022-12-07 | by ( Huw Jones | ) www.reuters.com   time to read: +6 min
EU financial services chief Mairead McGuinness has likened ending the bloc's heavy reliance on London for clearing euro contracts to weaning the EU off Russian gas so that Brussels builds "open strategic autonomy" in capital markets to safeguard financial stability. This will help build a more efficient market that makes relocation of clearing from London attractive, McGuinness said. Industry officials note EU based clearing liquidity in this contract would effectively need to be built up from scratch, which could take time. These conditions would mean that in practice EU banks will still be clearing some derivatives in London after June 2025. Nevertheless, EU banks still face systems changes to report and track how much is being cleared, a cost that UK and U.S. banks won't face.
☆ U.S. trade deficit widens as goods exports hit seven-month low
  + stars: | 2022-12-06 | by ( Lucia Mutikani | ) www.reuters.com   time to read: +5 min
The trade deficit increased 5.4% to $78.2 billion. Surveys from the Institute for Supply Management this month showed measures of manufacturing and services exports stuck in contraction territory in November. But consumer goods imports dropped, pulled down by cell phones and other household goods as well as toys, games and sporting goods. The overall decline in consumer goods imports is in line with slowing demand for goods because of higher borrowing costs. Adjusted for inflation, the goods deficit increased $8.3 billion to $112.6 billion in October.
☆ Weak U.S. goods exports weigh on trade deficit
  + stars: | 2022-12-06 | by ( Lucia Mutikani | ) www.reuters.com   time to read: +4 min
The trade deficit increased 5.4% to $78.2 billion, the Commerce Department said on Tuesday. The second straight monthly widening in the trade gap was partly driven by a shift in pharmaceutical products trade, with exports of these goods falling sharply and imports surging. But consumer goods imports dropped, pulled down by cell phones and other household goods as well as toys, games and sporting goods. Adjusted for inflation, the goods deficit increased $8.3 billion to $112.6 billion in October. A smaller trade deficit was one of the main factors behind the rebound in U.S. economic growth in the third quarter.
☆ Logistics Companies Are Reversing Their Hiring Binge
  + stars: | 2022-11-04 | by ( Liz Young | ) www.wsj.com   time to read: +4 min
The hiring frenzy in logistics driven by pandemic-fueled shopping appears to be cooling off. “We got ahead of ourselves in terms of head count,” said Bob Biesterfeld, chief executive of C.H. Newsletter Sign-up The Logistics Report Top news and in-depth analysis on the world of logistics, from supply chain to transport and technology. Chief Executive Judy McReynolds said the company would now look to get “greater efficiency” from the people it already employs. “We aren’t really hiring other than filling vacancies and whatnot,” Chief Executive Greg Gantt said on an Oct. 26 earnings call.
☆ LinkedIn May Not Be The Coolest Social Network, But It's Only Becoming More Valuable To Businesses
  + stars: | 2014-07-23 | by ( Cooper Smith | ) www.businessinsider.com   time to read: +4 min
LinkedIn has developed a special identity — and utility — as the social network for professionals. BI IntelligenceEngagement is rising fast on LinkedIn, as the social network becomes a content destination. The social network is also high-income and highly educated, and it has a big international presence. Already, a survey from Cogent Research finds that LinkedIn is the preferred social network by a wide margin for building a brand identity. The report also spotlights the opportunities that lie ahead for each social network, and how social media usage compares between the U.S. and international markets.
Persons: Y Combinator, Gerry Tan Organizations: LinkedIn, Business, Insider Intelligence, U.S, Facebook, Twitter
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