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☆ Merit Means More Than Grades and Tests
▼ + stars: | 2023-07-26 | by ( William A. Galston | ) www.wsj.com time to read: +1 min

William A. Galston writes the weekly Politics & Ideas column in the Wall Street Journal. He holds the Ezra K. Zilkha Chair in the Brookings Institution’s Governance Studies Program, where he serves as a senior fellow. A participant in six presidential campaigns, he served from 1993 to 1995 as Deputy Assistant to President Clinton for Domestic Policy. Mr. Galston is the author of 10 books and more than 100 articles in the fields of political theory, public policy, and American politics. A winner of the American Political Science Association’s Hubert H. Humphrey Award, he was elected a Fellow of the American Academy of Arts and Sciences in 2004.

Persons: William A, Galston, Ezra K, Saul Stern, Dean, Clinton, Association’s Hubert H, Humphrey Organizations: Street, Zilkha, Brookings Institution’s, Brookings, School of Public Policy, University of Maryland, Institute for Philosophy, Center for Information, Research, Civic, National Commission, Domestic, Liberal Pluralism, Public, Rowman & Littlefield, Liberal Democracy, Yale, American, American Academy of Arts and Sciences Locations: Brookings

☆ Australia fines Facebook owner Meta $14 mln for undisclosed data collection
▼ + stars: | 2023-07-26 | by ( Byron Kaye | ) www.reuters.com time to read: +2 min

SYDNEY, July 26 (Reuters) - An Australian court ordered Facebook owner Meta Platforms (META.O) to pay fines totalling A$20 million ($14 million) for collecting user data through a smartphone application advertised as a way to protect privacy without disclosing its actions. Australia's Federal Court also ordered Meta, through its subsidiaries Facebook Israel and the now-discontinued app, Onavo, to pay A$400,000 in legal costs to the Australian Competition and Consumer Commission (ACCC), which brought the civil lawsuit. Meta still faces a civil court action by Australia's Office of the Information Commissioner over its dealings with Cambridge Analytica in Australia. However, Facebook used Onavo to collect users' location, time and frequency using other smartphone apps, and websites they visited for its own advertising purposes, the judge Wendy Abraham said in a written judgment. ($1 = 1.4736 Australian dollars)Reporting by Byron Kaye; Editing by Tom Hogue and Lincoln FeastOur Standards: The Thomson Reuters Trust Principles.

Persons: Meta, Wendy Abraham, Abraham, Byron Kaye, Tom Hogue Organizations: SYDNEY, Meta, Facebook Israel, Australian Competition, Consumer Commission, Cambridge, Australia's Office, Cambridge Analytica, Facebook, Thomson Locations: Australia, Lincoln

☆ Pan Gongsheng: China's new central bank governor faces daunting tasks
▼ + stars: | 2023-07-26 | by ( Laura He | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —China has a new central bank governor. He replaced Yi Gang, who took office in March 2018, when China’s longest-serving central banker Zhou Xiaochuan stepped down after a 15-year tenure. He was previously a deputy governor of the PBOC and has served as head of China’s foreign exchange regulator since 2016, managing currency reserves worth $3.18 trillion. In China’s political system, the Communist Party boss is usually the top official in the relevant organization, be it a level of government or a public institution. In March, Beijing created a powerful financial watchdog run by the Communist Party, named the Central Financial Commission, as part of a broad reform of governing bodies to strengthen the party’s oversight of economic affairs.

Persons: Pan Gongsheng, Yi Gang, Zhou Xiaochuan, Xi Jinping, Xi, ”, Ken Cheung, Zhou Organizations: Hong Kong CNN, People’s Bank of China, Communist Party, Renmin University of China, Cambridge University, Harvard University, Xinhua, Mizuho Bank, Central Financial Commission, Financial Regulatory Locations: Hong Kong, China, Beijing

The department's Office for Civil Rights opened the probe following a complaint filed earlier this month by three civil rights groups, who argued that Harvard's preference for "legacy" undergraduate applicants overwhelmingly benefits white students, in violation of a federal civil rights law. Those statistics were calculated from Harvard admissions data that became public as a result of the case that the Supreme Court decided in June. The Education Department through a spokesperson confirmed it had an open investigation under Title VI of the Civil Rights Act of 1964, which bars race discrimination for programs receiving federal funds. "Simply put, Harvard is on the wrong side of history," said Oren Sellstrom, the litigation director of Lawyers for Civil Rights, the Boston-based group representing the civil rights groups who prompted the Education Department investigation. Sellstrom spoke at a Tuesday press conference regarding the federal probe, along with representatives for two of the Boston-area civil rights groups represented in the complaint.

Persons: Nicole Rura, Oren Sellstrom, Sellstrom, Zaida Ismatul Oliva, Edward Blum, Julia Harte, Nick Macfie, Daniel Wallis Organizations: U.S . Department of Education, Harvard, Civil Rights, Harvard College, University of North, Harvard University, Supreme, Education Department, Ivy League, Department, Civil, Wesleyan University, University of Minnesota's, University of Minnesota's Twin Cities, Fair Admissions, NAACP, Mexican American Legal Defense, Thomson Locations: University of North Carolina, Cambridge , Massachusetts, University of Minnesota's Twin, Boston

☆ Cambridge study: Kids who read for pleasure are better test takers
▼ + stars: | 2023-07-24 | by ( Aditi Shrikant | ) www.cnbc.com time to read: 1 min

Kids who read for pleasure 12 hours per week perform better on cognitive tests and have better mental health, according to a recently published study in Psychological Medicine. Researchers from the University of Cambridge and Fudan University looked at data from the Adolescent Brain Cognitive Development Study, a long-running project that tracks brain development and child health in the United States. The team analyzed clinical interviews, cognitive tests, mental and behavioral assessments and brain scans from 10,000 adolescents in the United States. It then compared those who began reading for pleasure between ages two and nine to those who began reading later in life, or not at all. Those who started read recreationally at an early age had better verbal learning, memory, speech development, and academic achievement than their peers who weren't picking up books for fun.

Organizations: Psychological Medicine, University of Cambridge, Fudan University Locations: United States

☆ A herd of orphan elephants could be the key to bringing back the woolly mammoth
▼ + stars: | 2023-07-22 | by ( Ashley Strickland | ) edition.cnn.com time to read: +6 min

Editor’s note: A version of this story appeared in CNN’s Wonder Theory science newsletter. But a key question is whether such animals could survive if they roamed the Arctic tundra as their ancestors did thousands of years ago. Eventually, the bonded herd will make its way into the wild, where its progress can be monitored for the next decade. Sign up here to receive in your inbox the next edition of Wonder Theory, brought to you by CNN Space and Science writers Ashley Strickland and Katie Hunt. They find wonder in planets beyond our solar system and discoveries from the ancient world.

Persons: paleobiologist Jordan Mallon, It’s, Esme Ashe, Jepson, Katie Jones, J, Robert Oppenheimer, Christopher Nolan’s, “ Oppenheimer, ”, Ashley Strickland, Katie Hunt Organizations: CNN, Canadian Museum of Nature, University of Cambridge, Southern Resident, for Whale Research, Virgin Galactic’s, CNN Space, Science Locations: Botswana, China, Ottawa, Chile, Chicago . Wild, Pacific Northwest, North America

The IRA includes a clause that automatically qualifies EV battery materials recycled in the U.S. as American-made for subsidies, regardless of their origin. That is important because it qualifies automakers using U.S.-recycled battery materials for EV production incentives. China handles virtually all EV battery recycling in a global market projected to grow from $11 billion in 2022 to $18 billion by 2028, according to research firm EMR. The volume of EV batteries available for recycling should grow over tenfold by 2030, said consultant Circular Energy Storage. In Europe, EV batteries are currently shredded into "black mass" that is shipped to China for recycling.

Persons: Marc Trent, Charles Trent, Nick Carey POOLE, Thomas Becker, Louie Diaz, Diaz, JB Straubel, Mike O'Kronley, Christian Marston, deconstruct, Bruno Thompson, Thea Soule, Soule, Kurt Vandeputte, Becker, We've, Nick Carey, Paul Lienert, Ben Klayman, Claudia Parsons Organizations: Charles Trent Ltd, REUTERS, Reuters, BMW, Redwood Materials, European Union, EV, Energy Department, Altilium Metals, recyclers, U.S, CES, Cambridge, Battery Recycling Company, EU, Nissan, Nio, Victoria Waldersee, Thomson Locations: Poole , Britain, England, U.S, North America, China, New York, Nevada, America, Georgia, Kentucky, EVs, Bulgaria, Europe, Poole, Dallas , Texas, Japan, HK, Poole , England, Detroit, Berlin

☆ Who’s Who in ‘Oppenheimer’: A Guide to the Real People and Events
▼ + stars: | 2023-07-21 | by ( Christopher Kuo | More About Christopher Kuo | ) www.nytimes.com time to read: +1 min

The premise of “Oppenheimer,” Christopher Nolan’s biopic, is straightforward: tell the story of J. Robert Oppenheimer, the physicist known as the “father of the atomic bomb.” But, as with the director’s other movies, the execution is far from simple. Here’s a guide to help you keep track of the real-life characters and events of the movie. J. Robert Oppenheimer (played by Cillian Murphy)The American theoretical physicist (played by Cillian Murphy) spearheaded the development of the atomic bomb through the Manhattan Project. Born in New York City in 1904, Oppenheimer spent his undergraduate years at Harvard before moving to Cambridge, England, for graduate work in physics. After receiving his doctorate in physics at a German university, Oppenheimer accepted professorships at the University of California, Berkeley, and the California Institute of Technology, helping to pioneer work in an American school of theoretical physics.

Persons: “ Oppenheimer, ” Christopher Nolan’s, J, Robert Oppenheimer, Cillian Murphy, Oppenheimer, Patrick Blackett Organizations: Manhattan, Harvard, University of California, California Institute of Technology Locations: American, New York City, Cambridge, England, Berkeley

☆ Scientists identify which butterflies are most at risk as the climate warms
▼ + stars: | 2023-07-21 | by ( Jenna Schnuer | ) edition.cnn.com time to read: +8 min

But when things really heat up, they adjust their body temperature in relation to the air temperature through strategies called thermal buffering and thermal tolerance. Thermal buffering includes physical acts like moving into a cooler, shadier area or slanting wings out of the direct path of sunlight. “These are molecules that many animals, butterflies and humans included, produce to protect themselves from high temperatures,” Ashe-Jepson said. For the thermal buffering test, the researchers caught, tested and released 1,334 butterflies representing 54 species from six butterfly families. To test thermal tolerance, a smaller group of the captured butterflies was put to work one more time.

Persons: —, ”, Esme Ashe, Jepson, ” Ashe, “, Ashe, Akito Kawahara, they’ll, ” Kawahara Organizations: CNN, University of Cambridge, Smithsonian Tropical Research, McGuire, University of Florida Locations: United Kingdom, Panama, Biodiversity, Gainesville

☆ '4chan for economists' is melting down as racist, sexist anonymous posts are linked to Harvard, Yale, and other top institutions
▼ + stars: | 2023-07-21 | by ( Kate Taylor | ) www.businessinsider.com time to read: +12 min

A new study links anonymous posts on "4chan for economists" to IP addresses at Harvard, Yale, and other top schools. Other snippets of posts with IP addresses at Harvard, Stanford, Yale, University of Chicago, and the National Bureau of Economic Research headquarters include: "Rapefugees Welcome!!!!! Other snippets of posts with IP addresses at Harvard, Stanford, Yale, University of Chicago, and the National Bureau of Economic Research headquarters include: "Rapefugees Welcome!!!!! Notre Dame IP addresses made up 3.4% of posts from a research-institution IP address. According to Ederer, it took just 15 minutes to figure out how to connect usernames with IP addresses.

Persons: Anya Samek, Samek, EJMR, Boston University's Florian Ederer, Yale's Paul Goldsmith, Pinkham, Kyle Jensen, Ederer, Christina Romer, Scott Cunningham, Rob Seamans, Merkel, bubba, Trevon Logan, that's, She's Organizations: Harvard, Yale, North American Economic Science Association Conference, University of Chicago, undergrad, National Bureau of Economic Research, American Economics Association, Baylor, Marvel, Stanford, University of Notre Dame, Columbia, Notre Dame, Ohio State University, UMass Amherst, University of California Locations: Tucson , Arizona, Cambridge , Massachusetts, Ederer, Erdogan's Turkey, troon, Samek, San Diego

☆ 'Oppenheimer' fact v. fiction: A nuclear historian breaks down what the movie got right and wrong
▼ + stars: | 2023-07-21 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +18 min

J. Robert Oppenheimer was an immensely complex figure, and the movie's based on a biography of him. Fact: Oppenheimer mocked Strauss about isotopesJ. Robert Oppenheimer testifies before the Senate in October 1945. Fact: A big thunderstorm delayed the Trinity TestOppenheimer (Cillian Murphy) stands next to the test bomb in "Oppenheimer." If it weren't for the atomic bomb, Oppenheimer would likely be best known for bolstering theoretical physics at the University of California, Berkeley. Fiction: Oppenheimer consulted Einstein about Teller's calculations(L-R) Tom Conti as Albert Einstein and Cillian Murphy as J. Robert Oppenheimer in "Oppenheimer."

Persons: Christopher Nolan's, Oppenheimer, Robert Oppenheimer, J, Alex Wellerstein, Kai Bird, Martin Sherwin, Wellerstein, Niels Bohr wasn't, Patrick Blackett, Bird, Sherwin, Blackett, Niels Bohr, Ernest Rutherford, Bohr, Oppenheimer's, Cillian Murphy, Abraham Pais, Baudelaire, e.e, cummings, who's, Haakon Chevalier, Peter, Peter Oppenheimer, Kitty, Haakon, Barbara Chevalier, Robert, Perro, Werner Heisenberg, peppering Bohr, Heisenberg, Strauss, David Hill, Lewis Strauss, Dwight D, David Inglis, Inglis, I've, Arthur Compton, Trinity Test Oppenheimer, Jack Hubbard, Leslie Groves, Hubbard, Feynman, Richard Feynman, I'm, Groves, Robert Serber, David Bohm, Philip Morrison, Willis Lamb, Hitler, Hartland Snyder, Kip Thorne, John Wheeler, Roger Penrose, Penrose, Murphy, Trinity, there's, —, Karl T, Compton, Stimson, Henry Stimson, that's, Harry Truman, Wallenstein, Einstein, Tom Conti, Albert Einstein, Melinda Sue Gordon, Edward Teller, Hans Bethe, Enrico Fermi, Bethe, Roger Robb, He's, Teller, Stanislaw Ulam, Gordon Dean, Charlotte Serber, Charlotte Serber's, she's, Serber Organizations: Service, Manhattan Project's Los Alamos Laboratory, Stevens Institute of Technology, Cambridge, Eisenhower's, Federation of American Scientists, Time, Atomic Energy Committee, Trinity Test, Trinity, Los, University of California, Clovis, National Security Research, Manhattan Project . National Security Research, FBI Locations: Wall, Silicon, England, Leiden, Holland, New Mexico, Perro Caliente, Los Pinos , New Mexico, Germany, Nazi, Denmark, Sweden, Los Alamos, Europe, Berkeley, Poland, Amarillo , Texas, Japan, Kyoto, Alamos

☆ Harvard psychologist: The 'common enemy effect' may explain why Elon Musk's declining popularity could benefit Mark Zuckerberg
▼ + stars: | 2023-07-20 | by ( Ashton Jackson | ) www.cnbc.com time to read: +4 min

Zuckerberg's found early success luring dissatisfied Twitter users to his new competitor, Threads, which launched earlier this month and quickly amassed 100 million users within days. At the end of 2022, after he acquired Twitter, Musk's net favorability had dropped by 13 points among U.S. adults, according to a survey by Morning Consult. In this case, a common disdain for Musk's Twitter could be the cause for Thread's flood of new users. But Warren makes it clear that growing a business using the "common enemy effect" may not be sustainable. "[The common enemy effect] is often a slippery slope to build a business around, although it may be effective in getting people to buy into a common cause," Warren says.

Persons: Elon Musk, Mark Zuckerberg, Zuckerberg's, Zuckerberg, favorability, It's, Dr, Cortney Warren, Warren Organizations: Twitter, Morning, Meta, Cambridge, Harvard, CNBC

☆ People are being pulled in by 'a very strong soft landing narrative', says Mohamed El-Erian
▼ + stars: | 2023-07-19 | 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 EmailPeople are being pulled in by 'a very strong soft landing narrative', says Mohamed El-ErianMohamed El-Erian, Allianz chief economic advisor and president of Queens' College, Cambridge, joins 'Squawk Box' to discuss why the markets are being propelled by the relief over what has not happened, the Fed's rate hike campaign, and more.

Persons: Mohamed El, Erian Mohamed El Organizations: Erian, Allianz, Queens ' College , Cambridge

☆ Christopher Nolan and the ‘Oppenheimer’ cast discuss the atomic bomb and its chilling echoes today: ‘Humanity can only deal with one apocalypse at a time’
▼ + stars: | 2023-07-17 | by ( Thomas Page David Daniel | Thomas Page | David Daniel | ) edition.cnn.com time to read: +8 min

It would have seemed inconceivable then, but the atomic bomb did fade out of mind. And it’s precisely at this moment that Christopher Nolan is asking audiences to look it soberly in the eye. As the name suggests, Nolan has taken on the life of J. Robert Oppenheimer, the scientific genius and conflicted godfather of the atomic bomb. Cillian Murphy as godfather of the atomic bomb J. Robert Oppenheimer in "Oppenheimer." But even if a war involving a nuclear power hadn’t erupted in Europe in 2022, Nolan believes “Oppenheimer” contains crossover anxieties.

Persons: CNN —, Dimitri, Stanley Kubrick’s, Strangelove, Christopher Nolan, ” Nolan, “ Oppenheimer, ”, Nolan, J, Robert Oppenheimer, Cillian Murphy, Oppenheimer, –, Robert Oppenheimer ”, Kai Bird, Martin Sherwin, “, “ We’re, ” Murphy, McCarthy, Kitty, Emily Blunt, Jean Tatlock, Florence Pugh, Chris, Matt Damon, Leslie Groves, Spielberg, Ryan, ’, Chris Nolan, Robert Downey Jr, Lewis Strauss, Damon, it’s, ” Cillian Murphy, Melinda Sue Gordon, Universal Pictures Nolan, Murphy, Universal Pictures Kubrick, There’s, ” Downey, Knight ”, there’s, ” “ Oppenheimer ” Organizations: CNN, Manhattan, U.S . Atomic Energy Commission, Universal Pictures, Los Alamos, Manhattan Project, Trinity Locations: Cambridge, Russia, Ukraine, New Mexico, Europe

☆ Britain lagging in delivery of new hospitals, watchdog says
▼ + stars: | 2023-07-16 | by ( ) www.reuters.com time to read: +2 min

The National Audit Office (NAO) said only 32 of 40 hospitals promised by former PM Boris Johnson were due to be completed on schedule by 2030. "Delivery so far has been slower than expected," said Gareth Davies, the head of the non-partisan NAO. The promise of 40 new hospitals in England by 2030 has been criticised as some of the proposals were for renovations of existing hospitals. Including those projects, there would be 40 new hospitals by the end of the decade, a health ministry spokesperson said. "Patients and clinicians are going to have to wait much longer than they expected before their new hospitals are completed."

Persons: Rishi Sunak, Dan Kitwood, Rishi, Boris Johnson, Gareth Davies, NAO, Sunak, Johnson, Meg Hillier, Alistair Smout, William Schomberg Organizations: British, Hospital, REUTERS LONDON, Audit, New, Labour Party, of Health, Social, Thomson Locations: Cambridge, United Kingdom, England

☆ Why college is getting more expensive
▼ + stars: | 2023-07-16 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

After adjusting for currency inflation, college tuition has increased 747.8% since 1963, the Education Data Initiative found. But the net price of college — that’s the amount that students and their families are actually shelling out — has been decreasing. The average student at a private four-year college paid $32,800 for tuition and room and board last year. When adjusted for inflation, the actual price paid for private college has dropped by 11% over the past five years, according to College Board data. In a 6-3 decision the Supreme Court struck down the Biden administration's student debt forgiveness program in Biden v. Nebraska.

Persons: Brian Snyder, ”, Megan Brenan, Catharine Hill, “, —, couldn’t, ’ ”, they’ve, Kevin Dietsch, Joe Biden’s, Biden Organizations: New, New York CNN, College, US News, Harvard University, Harvard, Reuters, Education Data Initiative, Georgetown University Center, Education, Gallup, Vassar College, “, ”, National Education Association, Foreign Relations, Economic, Institute, luxe, ” Colleges, American, of Trustees, NEA, College Board, U.S, Supreme, Biden, . Nebraska Locations: New York, Cambridge , Massachusetts, United States, “, Washington , DC, .

☆ 2,000-year-old human skulls, oil lamps, and bronze daggers reveal possible necromancer's portal to the underworld in Jerusalem
▼ + stars: | 2023-07-16 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +5 min

Israeli researchers discovered possible evidence of "ritual magic" in a deep cave in the Judaean hills. Human skulls were arranged in patterns near oil lamps, with daggers and axe heads nearby. "Some crevices contained groups of oil lamps mixed with weapons and pottery vessels from earlier periods or placed with human skulls." In addition to the oil lamps, weapons including daggers and axe heads were located along with three human skulls. Oil lamps in particular, such as the 120 found within the cave's crevices, were used to lure spirits to the realm of the living.

Persons: Eitan Klein, Boaz Zissu, Klein, Zissu, —, thunders, necromancy, Constantius II Organizations: Service, Harvard Theological, Cambridge University Press, Israel Antiquities Authority, Bar, Ilan University, Roman Locations: Wall, Silicon, Cave, Jerusalem

Reuters reported last month that the cancer research arm of the World Health Organization (WHO), known as the International Agency for Research on Cancer (IARC), was set to make that declaration on July 14, according to two sources with knowledge of the process. The designation as "possibly carcinogenic to humans" will provide an incentive to fund more rigorous research into the safety question, toxicology and cancer experts say. "We have been pushing for an IARC review for many years now." But no action was taken until 2022, after aspartame was again nominated for review by CSPI and Melnick in 2019. The research body has said "new evidence" prompted its aspartame review, without giving any details.

Persons: Andy Smith, Smith, Coke, Peter Lurie, Lurie, James Huff, Ron Melnick, CSPI, There's, Samuel Cohen, Erik Millstone, Millstone, Jennifer Rigby, Michele Gershberg, Catherine Evans Organizations: Reuters, World Health Organization, WHO, International Agency for Research, Cancer, MRC, Unit, University of Cambridge, Cola's, Regulators, for Science, Joint Food and Agriculture Organization, U.S . National Institutes of Health, University of Nebraska Medical Center, University of Paris, Britain's University of Sussex, Thomson Locations: United States, U.S, France

☆ A French Festival Focuses (Timidly) on English
▼ + stars: | 2023-07-13 | by ( Laura Cappelle | ) www.nytimes.com time to read: +1 min

As soon as the Portuguese director Tiago Rodrigues took over at the Avignon Festival, France’s biggest theater event, he announced a symbolic move: Under his direction, there would be a special focus on a different language every year, starting, this summer, with English. There was wincing from some quarters: To many in France, English is already far too culturally dominant. Of several dozen productions in the official lineup of this year’s festival, which runs through July 25, only six plays are predominantly in English. So far, however, the most intriguing discovery has been the sole American entry, “Baldwin and Buckley at Cambridge,” from Elevator Repair Service. From tables on opposite sides of the stage, Greig Sargeant (Baldwin) and Ben Williams (Buckley) spar with effective solemnity.

Persons: Tiago Rodrigues, hasn’t, Tim Etchells, Alexander Zeldin, “ Baldwin, Buckley, James Baldwin, William F, Buckley Jr, Greig Sargeant, Baldwin, Ben Williams Organizations: Avignon, France’s, Royal Court, Cambridge, Repair Service Locations: Portuguese, France, Avignon, British, ”, United States

☆ Could Tim Scott Pull an Upset?
▼ + stars: | 2023-07-12 | by ( William A. Galston | ) www.wsj.com time to read: +1 min

The timing of the listing was still unclear as money-losing PayPay needs to first demonstrate a clear path to profitability, the source said. SoftBank has previously set a PayPay listing as a goal, with one executive saying in November it was worth just under 1 trillion yen ($7.17 billion). Representatives for PayPay and SoftBank Group's (9984.T) domestic telecoms business, SoftBank Corp (9434.T), said they would not comment on speculation. PayPay is owned by SoftBank Corp, its internet business, Z Holdings (4689.T), and the group's second Vision Fund. PayPay booked a loss before interest, taxes, depreciation and amortisation of 11.9 billion yen in the year ended March, compared to a loss of 43.2 billion yen a year earlier.

Persons: SoftBank, SoftBank Group's, Kirk Boodry, Son, PayPay, Sam Nussey, Miho Uranaka, Scott Murdoch, David Dolan, Muralikumar Organizations: Companies, Z Holdings, PayPay, SoftBank Corp, Vision Fund, SoftBank, Syla Technologies, Rakuten Bank, SBI Sumishin, Bank, Astris Advisory, Mobile Marketing, Cambridge, Thomson Locations: . New York, Tokyo, New York, U.S, Astris Advisory Japan, Japan, England

New Delhi CNN —From butter chicken to paneer makhani, Indian cuisine is unthinkable without the ubiquitous tomato. Asha, a homemaker in the capital who asked to be referred to only by her first name, told CNN the increase has hit her seven-member family hard. Some of McDonald’s (MCD) restaurants across the country have temporarily stopped serving tomatoes on their burgers, citing quality issues and shortages of supply. Of the tomatoes that were harvested, over 90% were infected by seed-born viruses, Gadve told CNN, which further exacerbated the supply shortage. Devinder Sharma, an India-based agriculture policy expert, told CNN the current shortage was also caused in part by farmers throwing away their tomatoes because no one was buying them.

Persons: Asha, “, Raghav Chadha, ” Chadha, Jocelyn Boiteau, Boiteau, Sriram Gadve, ”, Gadve, Devinder Sharma, Sharma, ” Gadve Organizations: New, New Delhi CNN, Department of Consumer Affairs, CNN, Connaught, Restaurants, Aam Aadmi Party, Twitter, Tata, Cornell Institute for Agriculture, Nutrition, University of Cambridge, Vegetable Growers Association Locations: New Delhi, India, Asia, heatwaves, India’s

☆ Opinion | Amazon Prime Day, Walmart Plus Week and the Battle of the Retail Giants
▼ + stars: | 2023-07-12 | by ( Peter Coy | ) www.nytimes.com time to read: +3 min

I started to realize that Walmart and Amazon don’t have identical strategies because they aren’t going after identical customers. Walmart customers, on average, have lower incomes and are more price sensitive. Amazon customers are willing to pay more for the variety — both from Amazon itself and from the vast array of third-party sellers doing business on Amazon Marketplace. They follow everyday low pricing,” Sikdar said. Mostly it is itself the retailer.”Amazon, in contrast, puts fewer limits on its third-party sellers.

Persons: Watson, Eric Youngstrom, Rafi Mohammed, ” Mohammed, Vrinda Kadiyali, Cornell’s, Prasad Vana, Sikdar, Walmart’s, ” Sikdar, Giles Hooker Organizations: Walmart, Amazon, Onramp, Profit, Amazon Marketplace, Dartmouth College’s Tuck School of Business, Cornell’s Johnson Graduate School of Management, Cornell, University of Pennsylvania Locations: Cambridge, Amazon, Tuck

☆ Mohamed El-Erian: Not seeing goods disinflation 'immediately translate' to the service sector
▼ + stars: | 2023-07-12 | 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 EmailMohamed El-Erian: Not seeing goods disinflation 'immediately translate' to the service sectorMohamed El-Erian, Allianz and Gramercy advisor and president of Queens' College, Cambridge, joins 'Squawk Box' to preview June's CPI data, what it means for the Fed's rate hike campaign, and more.

Persons: Mohamed El, Mohamed Organizations: Erian, Allianz, Gramercy, Queens ' College , Cambridge

☆ Europe and the U.S. finally agree a landmark data-sharing pact — and it's already under threat
▼ + stars: | 2023-07-12 | by ( Ryan Browne | ) www.cnbc.com time to read: +7 min

CNBC runs through all you need to know about the new EU-U.S. privacy framework, why it matters, and its chances of success. What's the new EU-U.S. Data Privacy Framework? Schrems said that revelations from NSA whistleblower Edward Snowden about U.S. surveillance meant that American data protection standards couldn't be trusted. Instead, individual U.S. states have come up with their own respective regulations for data privacy, with California leading the charge. The approval of a new data privacy framework means that businesses will now have certainty over how they can process data across borders going forward.

Persons: Pavlo Gonchar, Max Schrems, Schrems, Edward Snowden, Cambridge Analytica, Holger Lutz, Clifford Chance, Meta Organizations: Getty, European Union, CNBC, EU, U.S, European Commission, Protection, European Court of Justice, Facebook, Irish Data Protection, Data, Meta, Google, Cambridge, General Data Locations: America, EU, Europe, U.S, California, Austrian

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