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☆ A retired boomer who gets $1,662 in Social Security moved in with roommates to afford her medical bills: 'It's the only way I can afford to live comfortably'
▼ + stars: | 2024-09-10 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +8 min

Still, getting by even in a one-stoplight town is challenging, given her $1,662 in Social Security only goes so far. "I now have roommates for the first time in my life, but it's a way to live comfortably," Marion said. AdvertisementRising costs and losing incomeMarion's father was in the military, and her family moved around the country as a child. She relied on Social Security Disability Insurance payments to keep her afloat, which were much less than her salary. She said her sister and her boyfriend are better off financially, as they get small pensions on top of their Social Security.

Persons: —, Marion, Marion's, She's, you've Organizations: Service, Business, Social Security, Nutrition, Social Locations: Washington, Ohio, Germany, Massachusetts , Florida , Michigan, Texas, Seattle, Mechanicsburg

☆ Apple’s new AirPods are also hearing aids. Can they really save you thousands of dollars?
▼ + stars: | 2024-09-10 | by ( Samantha Delouya | ) edition.cnn.com time to read: +4 min

The company said the wireless headphones will double as clinical-grade over-the-counter hearing aids for those who need them. But over-the-counter hearing aids like these aren’t always the solution for hearing loss. Over-the-counter hearing aids, such as Apple’s offering, also are not a treatment for “severe or profound” hearing loss, according to the FDA. If it can also serve as a hearing aid, I think that’s really exciting.”Apple’s announcement was applauded by some hearing aid users on social media, as well. But many noted one clear advantage traditional hearing aids have over AirPods: Hearing aids have battery life measured in days, not hours.

Persons: Apple, ”, Sumbul Ahmad Desai, Desai, Barbara Kelley, ” Kelley, Kelley, “ There’s, “ Organizations: CNN, Food and Drug Administration, FDA, Apple, American Heart Association, of America Locations: United States, Germany, Japan

German automotive giant Volkswagen on Tuesday said it was scrapping six labor agreements as the company's standoff with unions and its works council intensified. "The company sees itself forced to do so because of the current economic challenges," Volkswagen said in a statement translated by CNBC. That applies to the company as well as the wage agreement levels," Volkswagen human resources chief Gunnar Kilian said in the statement. In a statement released Tuesday, VW Works Council head Daniela Cavallo reiterated that there would be pushback to Volkswagen's plans. We will not accept this silently and without action," he said in a statement translated by CNBC.

Persons: Gunnar Kilian, Daniela Cavallo, Thorsten Gröger Organizations: Volkswagen, VW, CNBC, VW Works, IG Metall Locations: Zwickau, Germany

☆ A Porsche-backed startup is building a massive battery recycling plant to boost Europe's EV industry
▼ + stars: | 2024-09-09 | by ( Ryan Browne | ) www.nbcnews.com time to read: +3 min

A massive battery recycling plant is being built in Germany by Cylib, a startup looking to reduce waste from EV batteries that have reached the end of their life. Cylib says its facility will be the largest end-to-end lithium-ion battery recycling facility in Europe. Cylib said the new plant would primarily serve automotive, battery manufacturing and chemicals clients. “Cylib reaching industrial scale production will be a key driver in building a robust European battery infrastructure,” Schwich said in a press statement. “Battery recycling is pioneering the circular economy, proving that economic success is compatible with reduced environmental impact,” she added.

Persons: Cylib, Lilian Schwich, Gideon Schwich, Paul Sabarny, “, ” Schwich Organizations: Cylib, EV, Porsche, Bosch, Hydro, CNBC, European Union, World Fund, Porsche Ventures, Climate Fonds Locations: Germany, Dormagen, North Rhine, Westphalia, Europe, Norway, Hydrovolt, Chempark

CAIRO — The splendor of the Queen of the Nile is the star not of any Egyptian museum, but of the Neues Museum in the German capital, Berlin, where thousands admire the 3,400-year-old bust of Nefertiti every day in a domed hall. Therefore, the home of the bust should be the Grand Egyptian Museum. The Nefertiti bust on display at the Neues Museum in Berlin. The Neues Museum did not respond to a request for comment. In July, the New York Museum of Metropolitan Museum of Art returned more than a dozen Cambodian artifacts.

Persons: Nefertiti, Zahi Hawass, ” Hawass, Hawass, Michael Sohn, Pharaoh Akhenaten, Akhenaten, — Hawass, Hitler, “, Mona Lisa, ’, Rosetta Stone, ”, Napoleon, Charlene Gubash, Mithil Organizations: Neues Museum, Egyptian Museum, “, El, Houston Museum of Natural Sciences, Associated Press, New York Museum of Metropolitan Museum of Art, British Museum Locations: CAIRO, Berlin, Germany, Egypt, Tell, Cairo, Nefertiti's, “ Egypt, London, Alexandria, Louvre, Paris, Hong Kong

☆ The plot to topple Putin
▼ + stars: | 2024-09-09 | by ( Paul Starobin | ) www.businessinsider.com time to read: +32 min

But it was only when Putin launched his full-scale invasion of Ukraine , in 2022, that Ammosov began to plot the overthrow of his homeland. As I found in months of wide-ranging interviews, everyone aspiring to a new Russian revolution grasps the seemingly impossible odds of their bid to topple Putin. Ponomarev — who was profiled last year in The Washington Post under the headline "Could this man bring down Putin?" Most applicants live in Russia, Sokolov tells me, but submissions have come from as far away as Uruguay. "I know a lot of good officers" in the CIA, Ponomarev told me, who "sympathize" with the anti-Putin insurgency.

Persons: Vladislav Ammosov, Ukraine —, Ammosov, wondrously, Vladimir Putin, Putin, Simona Supino, Alexey Navalny —, Ilya Ponomarev, Ponomarev —, —, Sean Guillory, Denis Sokolov, Sokolov, Galina Starovoytova, Anastasia Sergeeva, Sergeeva, Valter, Putin —, Tatiana Kosinova, Yelena Bonner, Itil, Boris Nemtsov, Nemtsov, Vladimir Lenin, specter, NurPhoto, Lenin, Leon Trotsky, Mao Zedong, Fidel Castro, Boris Akunin, Ponomarev, Trotsky, Mao, Castro, Alexei Sobchenko, Sergei Chuzavkov, Ilya Ponomarev Ponomarev, Michał Kamiński, Kosinova, Pavel Ivanovich Chichikov, Nikolai Gogol's, . Barnum, Bernie, Madoff, Donald, Leonid Nevzlin, Mikhail Khodorkovsky, Navalny, King George III, Khodorkovsky, Garry Kasparov, Putin's, Andrey Volna, Brian Fitzpatrick, Charlie Wilson's, Tom Hanks, Philip Seymour Hoffman, Daniel Fried, William Burns, Fried, Biden, We're, Evgenia, it's Organizations: Putin, Ukrainian, Russian Federation, The Washington Post, University of Pittsburgh, Civic Council, Kennan, Wilson Center, GRU, Russia, BI, International Republican Institute, CIA, Kremlin, Russian, Memorial, Soviet Union, of America, Civic, Ukraine's Ministry of Defense, Russian Volunteer Corps, European, Human Rights, Siberian Battalion, Ammosov, Ukrainian Armed Forces, Putin's Defense Ministry, True, Bolsheviks, of Russia Legion, People's Deputies, State Department, Justice Department, Polish Senate, Trump University, Trump, Khodorkovsky, FBI, Intelligence, Senate, Ukrainian Security Services, Bolshevik Locations: Siberia, Russia, Warsaw, Poland, Ukraine, Sakha, India, Putin Russia, Russian, Kyiv, The, restive North Caucasus, Washington, Soviet Union, Moscow, WhatsApp, Ukrainian, Soviet, Crimean, USSR, Europe, Uruguay, Armenia, Georgia, Kazakhstan, America, Canada, Great Britain, Germany, Australia, Belgorod, Kursk, Kremlin, China, Cuba, True Russia, Ponomarev, Northern Virginia, Polish, ., Lviv, Yukos, London, Pennsylvania, Texas, Afghanistan, Putin Russian, Tallinn, Estonia

☆ North Korea’s Kim Jong Un says country to increase number of nuclear weapons ‘exponentially,’ state media reports
▼ + stars: | 2024-09-09 | by ( ) edition.cnn.com time to read: +2 min

SEOUL (Reuters) – North Korean leader Kim Jong Un said the country is now implementing a nuclear force construction policy to increase the number of nuclear weapons “exponentially,” state media KCNA said on Tuesday. Kim also said North Korea is facing a “grave threat” from what it sees as a US-led nuclear-based military bloc in the region. South Korea will also hold a defence ministerial meeting with the member states of the United Nations Command (UNC) on Tuesday. The UNC is led by the commander of the US military stationed in South Korea. North Korea has criticised the UNC as an “illegal war organisation” and Germany’s entry into the US-led UN border monitoring force as raising tensions.

Persons: Kim Jong Un, KCNA, Kim, ”, Cho Chang, rae Organizations: US State Department, United Nations Command, UNC, UN Locations: SEOUL, United States, North Korea, South, Seoul, South Korea, Germany

☆ Ukraine's Kursk offensive shows it could win the war if the West ended its weapon restrictions, European official says
▼ + stars: | 2024-09-09 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Read previewUkraine's Kursk offensive shows what the country could achieve if its allies dropped their weapons restrictions, a leading European official said. It's also complicated Russian plans for offensive operations later this year, Ukraine's military spymaster, Kyrylo Budanov, told Ukrainian radio station Radio Charter on Saturday, per a translation by the Institute for the Study of War. Western allies lifted some restrictions in May, allowing Ukraine to strike Russian troops building up at its borders, but it's still not allowed to use Western weapons to carry out deep strikes . "There's no one capability that will, in and of itself, be decisive in this campaign," Austin said, per Politico.

Persons: —, Marko Mihkelson, Mihkelson, Gen, Oleksandr Syrskyi, Syrskyi, It's, Kyrylo Budanov, it's, Volodymyr Zelenskyy, Defense Lloyd Austin, Austin Organizations: Service, West, Estonia's Foreign Affairs, Business, CNN, Radio, Institute for, Ramstein, American Enterprise, Defense Locations: Kyiv, Ukraine, Ukrainian, Russia's Kursk, Russia, Kursk, Pokrovsk, Western, Germany

☆ Gaza hostage families urge Trump and Harris to bring Americans home
▼ + stars: | 2024-09-09 | by ( Matthew Chance | Yon Pomrenze | ) edition.cnn.com time to read: +5 min

We want to hear that both candidates understand and acknowledge there are seven Americans still in captivity, and that the US is fully committed to bringing them back,” Ronen Neutra, a US-Israeli dual citizen from New York, told CNN. His 22-year-old son, Omer, is a serving Israeli soldier and was abducted by Hamas during the October 7 attacks. His body is still being held by Hamas in Gaza. “We want to hear new ideas from both candidates and for them to commit to adopting a fresh approach to all the players,” Chen told CNN. Yon Pomrenze/CNNOver 100 hostages remain in Gaza today, as living conditions in the Palestinian enclave crumble under Israeli forces’ months-long siege.

Persons: Donald Trump, Kamala Harris, ” Ronen Neutra, Omer, ”, Adi Alexander, Edan, Joe, Biden, Harris, Ronen Neutra, Ruby Chen, Jonathan Dekel, Chen, Liz Naftali, Orna Neutra, Yael Alexander, Chip Somodevilla, Itay, ” Chen, Evan Gershkovich, Brittney Griner, ” Alexander, “, Benjamin Netanyahu, Netanyahu, Bibi Netanyahu, I’m, Trump, Yon Pomrenze, ’ Organizations: Tel, Tel Aviv CNN —, CNN, Trump, White, Wall Street Locations: Tel Aviv, Gaza, New York, Israel, Iran, Egypt, Turkey, Qatar, Gulf, Washington, Moscow, Germany

☆ Draghi urges radical European Union reform requiring extra 800 billion euros a year
▼ + stars: | 2024-09-09 | by ( Jenni Reid | ) www.cnbc.com time to read: +4 min

Massimo Di Vita | Mondadori Portfolio | Getty ImagesThe European Union needs up to 800 billion euros ($884 billion) in additional investment per year to meet its key competitiveness and climate targets, according to a report from economist and politician Mario Draghi. The bloc's goals of bolstering its geopolitical relevance, social equality and decarbonization are being threatened by weak economic growth and productivity compared with the U.S. and China, the report states. The EU is meanwhile suffering an "innovation deficit" which must be tackled through reforms to research and development funding and policy, the report states. To fast-track policymaking, the report proposes limiting the voting items that require support from an absolute majority of member states. Funding questionPublic and private investments are being hindered by the size of the EU budget, its lack of focus and its risk aversion, the Draghi report says.

Persons: Mario Draghi, Massimo Di Vita, Draghi —, —, NextGenerationEU Organizations: Italian, European Union, U.S, European Central Bank, European, European Securities and Markets Authority, U.S . Securities, Exchange Commission, SEC Locations: Rome, Italy, China, EU, Europe, Germany

☆ NFL's games in Brazil, Europe are key to more revenue growth, Goodell says
▼ + stars: | 2024-09-06 | by ( Jessica Golden | ) www.cnbc.com time to read: +3 min

This season, the NFL will play five games abroad in Europe and South America. "The reality is, when we bring our brand of our regular season games here, it creates a whole new environment," Goodell said. Goodell said it has been a learning process playing games abroad, as the league sees how players handle long flights and different time zones. Some games are streaming exclusive, including Friday's matchup in Brazil, which will air on NBC's Peacock platform. Yet, Goodell said 85% of NFL games are still available on broadcast television.

Persons: Roger Goodell, CNBC's, Goodell, they'll Organizations: National Football League, NFL, Southern Hemisphere, Official NFL, Global, Miami Dolphins, Los Angeles Rams, Seattle Seahawks, CNBC, Fox, ESPN, ABC, CBS, YouTube, Netflix Locations: South America, Sao Paulo, Brazil, Europe, London, Germany, Argentina, Colombia, South Korea, Japan, Canada, Austria, Switzerland

☆ India and Singapore agree to cooperate on chips as countries seek to strengthen partnership
▼ + stars: | 2024-09-05 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +4 min

The announcement comes during Indian Prime Minister Narendra Modi's two-day visit to the Lion City, which began Wednesday following a trip to Brunei. The next phase of the Singapore-India partnership is very promising," Singapore Deputy Prime Minister Heng Swee Keat said at the Singapore-India Forum organized by the Singapore-India Partnership Foundation, Institute of South Asian Studies and the Singapore Business Federation. "Singapore, India and the rest of Asia must continue to strengthen on economic connectivity and integration, to allow for capital, ideas and talent to find their optimal uses," he said. We want to create a bunch of Singapores in India," Modi said in a meeting with Wong. watch nowOn Wednesday, Modi and Singapore's Prime Minister Lawrence Wong visited Singaporean semiconductor and electronics company AEM, signaling their intent to increase cooperation in chips.

Persons: Narendra Modi, Brunei Sultan Hassanal, Dean Kassim, Narendra Modi's, Heng Swee Keat, Modi, Wong, Lawrence Wong, Heng, Ajit Doval, It's, Anit Mukherjee Organizations: India's, Istana Nurul, Afp, Getty, SINGAPORE —, Indian, Lion, Singapore -, India Partnership Foundation, Institute of South Asian Studies, Singapore Business Federation, U.S, International Monetary Fund, Singapore's, National, Imports, CNBC, Modi's, King's College London, Economic, Board Locations: Brunei Sultan, Istana Nurul Iman, Bandar Seri Begawan, SINGAPORE, SINGAPORE — India, Singapore, Brunei, India, Singapore - India, Asia, —, China, Germany, Japan

☆ Honor steps up challenge to Samsung with launch of thin foldable phone
▼ + stars: | 2024-09-05 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Honor launched the Magic V3 foldable smartphone in international markets as it steps up its challenge to Samsung. With the Honor Magic V3, Honor talked up how thin the device is compared to rivals. Honor launched the Magic V3, its latest foldable smartphone, in international markets on Thursday as the Chinese tech company ramps up its challenge to Samsung in the fast-growing market. Global foldable smartphone shipments grew 48% year-on-year in the second quarter of 2024, Counterpoint Research data shows. Competition in the space continues to rise with Google last month launching its latest foldable phone.

Persons: Honor's Organizations: Samsung, Google, Research, Competition, Huawei Locations: China, Europe, Asia, India, South Korea, America, Western Europe, France, Germany, Italy, Spain, East, Asia Pacific, Africa

☆ White House condemns Tucker Carlson ‘Nazi propaganda’ interview as ‘disgusting and sadistic insult’
▼ + stars: | 2024-09-05 | by ( Brian Stelter | ) edition.cnn.com time to read: +5 min

Elon Musk, who promoted the interview on his social media platform, X, calling it “Very interesting. “Hitler was one of the most evil figures in human history and the ‘chief villain’ of World War II, full stop,” Bates wrote. Several conservative columnists have raised questions about whether Vance will move forward with the appearance in light of the Cooper controversy. In a statement, the Vance campaign sought to distance the candidate from the interview. “Senator Vance doesn’t believe in guilt-by-association cancel culture but he obviously does not share the views of the guest interviewed by Tucker Carlson,” Vance campaign spokesperson William Martin told CNN in a statement.

Persons: Biden, Tucker Carlson, Darryl Cooper, ” Cooper, Winston Churchill, Cooper, “, Carlson, Elon Musk, ”, Andrew Bates, Adolf Hitler, Churchill, “ Hitler, ’, ” Bates, “ The, Harris, ” Jonathan Greenblatt, Carlson’s, ’ ”, vlogger, Alex Jones, Donald Trump’s, JD Vance, Vance, Vance doesn’t, ” Vance, William Martin, CNN’s Alayna Treene Organizations: New, New York CNN, Nazi, CNN, “ The Biden, Harris Administration, Defamation League, Fox News, Republican Party Locations: New York, United States, British, Poland, Milwaukee, Hershey , Pennsylvania

☆ NFL team sales are likely to stall as valuations soar
▼ + stars: | 2024-09-05 | by ( Alex Sherman | ) www.cnbc.com time to read: +10 min

Abbie Parr | Getty Images Sport | Getty ImagesThe Seattle Seahawks may be the next National Football League team to sell. The average NFL team is now worth $6.49 billion, and no team is valued at less than $5.25 billion, according to CNBC's Official 2024 NFL Team Valuations. Seven of the last 10 NFL teams to be sold outperform the S&P 500 on a percentage-gained basis since the sale. Each of the last four NFL team sales has set a new record, showcasing the rise in valuations. WATCH: New England Patriots owner Robert Kraft on new NFL private equity ruleswatch now

Persons: Abbie Parr, Paul Allen, Allen's, Jody, Marc Ganis, Roger Goodell, It's, There's, Neal Pilson, That's, Ganis, —, Daniel Snyder, Josh Harris, Terry Pegula, Kim, Ralph Wilson, David Tepper's, Jerry Richardson, Rob Walton, Pat Bowlen, Virginia Halas McCaskey, George Halas, McCaskey, George McCaskey, They're, Goodell, Curtis Martin, Tracy Gallagher, Gallagher, Robert Kraft, Kraft Organizations: Getty, Seattle Seahawks, National Football League, Former Seahawks, Microsoft, NFL, Disney, National Basketball Association, Netflix, CBS Sports, Pilson Communications, NBA, Washington, Philadelphia 76ers, National Hockey League's New Jersey Devils, Billionaire, Buffalo Bills, Carolina Panthers, Panthers, Walmart, Denver Broncos, Bills, Broncos, Chicago Bears, Bears, The Miami Dolphins, Los Angeles Chargers, Ares Management, Sixth Street Partners, Arctos Partners, Equity, Blackstone, Carlyle Group, Capital Partners, Arta Finance, NHL, Major League Baseball, New England Patriots, CNBC Locations: U.S, Spain, Germany, Brazil

☆ A Gen Xer quit a $110,000-a-year job in DC for one in Germany that pays less than half. He says he's more financially stable and happier now.
▼ + stars: | 2024-09-05 | by ( John Towfighi | ) www.businessinsider.com time to read: +6 min

Smith briefly lived in Germany in the early 2000s when he worked as a judge advocate general for the US Army. "That trip that I took to Germany completely changed my world," Smith, 52, told Business Insider. He said life in Germany made him realize how much he enjoyed traveling outside the US. Related storiesIn April 2021, Smith landed a job at the Small Business Administration as an attorney overseeing COVID-19 pandemic-era loans. At that point, Smith visited the Dominican Republic with a friend.

Persons: —, Kobi Smith, Smith, he's Organizations: Service, US Army, Business, Social, Social Security Administration, Social Security, US Army Reserves, Army, Small Business Administration, Washington Locations: Germany, Nuremberg, Europe, Canada, Japan, Mexico, Maryland, Washington, DC, COVID, Dominican Republic, Popeyes, Ansbach, Washington ,, American

We've outlined everything you need to know about where to watch the Paralympics around the world, including free streaming options. Check price at Peacock TVWhere to watch the Paralympics in the UKThe Paralympics will live stream for free on Channel 4 Sport's YouTube channel in the United Kingdom. Where to watch the Paralympics in AustraliaAs with the Olympics, the Paralympics will be shown for free on 9Now in Australia. Where to watch the Paralympics in FranceThe Paralympics will live stream for free on France.TV in France. You can still keep up with your free live streaming options using a VPN (virtual private network).

Persons: Hunter Woodhall, Johannes, Stan Sport, AWST, Peacock, ExpressVPN Organizations: Business, Paralympics, Paralympic Committee, IPC, YouTube, Sunday, NBC, Olympics, Channel Locations: Paris, ExpressVPN, United States, United Kingdom, Australia, France, 9Now

☆ Qualcomm ramps up challenge to Intel and AMD with latest AI PC chip
▼ + stars: | 2024-09-04 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +4 min

Qualcomm took the wraps off the Snapdragon X Plus 8-core at the IFA conference in Berlin, Germany. The latest chips expand Qualcomm's Snapdragon X Series for PCs, which it launched last year. Meanwhile, Qualcomm's Snapdragon X Series is built on architecture from British chip designer Arm , allowing the processors to run complex applications with good energy-efficiency. A number of major PC makers have adopted Qualcomm's Snapdragon X series chips for their devices. Companies like Lenovo have launched Copilot+ PCs based on Qualcomm chips and Windows operating system.

Persons: Cristiano Amon, Amon, Neil Shah, Qualcomm's, Shah, Ramon Costa Organizations: Qualcomm, Intel, IFA, Samsung, Microsoft, CNBC, Counterpoint Research, Mobile, Windows, Lenovo Locations: Berlin, Germany, U.S

☆ ‘From the River to the Sea’ is not hate speech, Meta’s Oversight Board rules
▼ + stars: | 2024-09-04 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +4 min

New York CNN —Meta’s Oversight Board has found that the phrase “From the River to the Sea,” used to express Palestinian support, did not break the company’s hate speech policies. The Board said it reviewed three cases involving the use of “From the River to the Sea” on Facebook and said that all appeals to remove the content were closed without human review. Those users then appealed to the Board, which exists for users to challenge Meta’s appeals process on Facebook, Instagram or Threads. In Germany, using the slogan “From the river to the sea” is now a criminal offense. The slogan used in the cases had wide reach through Meta’s platforms.

Persons: ”, Sean Gallup, Andy Stone, Meta, Rashida Tlaib, Brian Fung, Alaa Elassar, Jennifer Henderson Organizations: New, New York CNN, Defamation League, West Bank, Facebook, Meta, Getty, CNN, Islamic Relations, Muslim Locations: New York, Jordan, Gaza, Jerusalem, Palestine, Berlin, Germany, Palestinian, Israel, Muslim Arab American, Maryland

☆ Sweden's Volvo Cars scraps plan to sell only electric vehicles by 2030
▼ + stars: | 2024-09-04 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

Volvo Cars, which is owned by China's Geely Holding, had been among the first legacy carmakers to promise a complete switch to EVs. The firm said its long-term aim remains to become a fully electric carmaker. The target replaces a 2021 pledge for Volvo Cars' lineup to be fully electric by the end of the decade. The move means Volvo Cars follows in the footsteps of other industry players in scaling back its EV ambitions. Shares of Volvo Cars traded more than 4% lower Wednesday.

Persons: China's Geely, carmakers, Mercedes, Jim Rowan Organizations: Volvo, China's, Volvo Cars, Benz Group, Volkswagen Locations: Germany

☆ I moved from the US to Germany 2 years ago. Here are the 7 biggest culture shocks I've experienced.
▼ + stars: | 2024-09-04 | by ( Ashley Packard | ) www.businessinsider.com time to read: +1 min

Most places don't have air conditioning. Ashley PackardAfter a tiring seven-hour flight from Boston to Frankfurt, a three-hour drive from the airport, and six flights of stairs to our apartment, we arrived in Düsseldorf and quickly learned air conditioning isn't really a thing in Germany. Instead, we cranked the metal shutters down early in the morning to keep hot air out and rolled them up at night to let in cool air. We also stayed hydrated, added ice cubes to the cats' water bowls, tried not to use the oven, took cool showers, and ordered a standing fan. It blew my mind to learn that only about one in eight German households use air conditioning.

Persons: Ashley Packard Locations: Boston, Frankfurt, Düsseldorf, Germany

☆ First France, now South Korea — Telegram's legal troubles are only growing. Here's why
▼ + stars: | 2024-09-03 | by ( Dylan Butts | ) www.cnbc.com time to read: +3 min

Nurphoto | Nurphoto | Getty ImagesFollowing the recent arrest of its founder in France, Telegram is now facing potential legal troubles in South Korea. Parallels in the casesDurov, the 39-year-old Russian-born billionaire, was arrested by French authorities following a preliminary investigation into Telegram launched on July 8. Similar to South Korea's investigation, French authorities were probing the platform's role in the distribution of pornographic images of minors, as well as facilitating organized crime, drug trafficking and fraud. Telegram's refusal to share information with investigators when required by law has also been noted in the French investigation. Now, in South Korea, they are attracting distributors of deepfake porn.

Persons: Pavel Durov, Durov, Woo Jong, Woo Organizations: Nurphoto, Yonhap News Agency, National Office of Locations: Krakow, Poland, France, South Korea, Russian, U.S, Brazil, Germany

☆ Glory days for automakers like Ford, General Motors in China are over
▼ + stars: | 2024-09-03 | by ( Hanna Ziady | ) edition.cnn.com time to read: +10 min

London CNN —Foreign automakers have dominated China’s car market for decades, selling millions of vehicles and raking in enormous profits. Ford (F) and General Motors (GM) are also among firms seeing sales and market share vanish in China as local consumers spurn overseas brands to buy Chinese instead. The American automaker’s sales in China have halved from a peak of above 4 million in 2017 to 2.1 million last year. Last year, BYD sold a record 3.02 million vehicles globally, including plug-in hybrids, up 62% from 2022. Months later, Stellantis (STLA), which makes Citroen, Fiat, and Peugeot cars, bought a 20% stake in Chinese EV maker Leapmotor for about €1.5 billion ($1.7 billion).

Persons: Arno Antlitz, GM’s, Mary Barra, ”, Michael Dunne, Dunne, Xi Jinping’s, Tesla, Yilei Sun, Reuters Tesla, Li, Tu Le, Le, BYD, ” Dunne, Raul Bravo, Stellantis, “ Organizations: London CNN — Foreign, Volkswagen, Wolfsburg, Toyota, General Motors, China Passenger Car Association, Foreign, Japan’s Mitsubishi Motors, Honda, Hyundai, Ford, GM, EV, Tesla, Yilei, Reuters, International Energy Agency, “, CNN, Visitors, Automotive, Xinhua, Shutterstock, Auto, “ Global, UBS, Port, Citroen, Fiat, Peugeot, Leapmotor, Hedin Locations: China, London, Germany, Europe, American, Shanghai, Tesla's Shanghai, Beijing, EVs, Japan, North America, San Antonio, Chile, Chilean, AFP, Xpeng, Thailand, Hungary

☆ Beware of a bitcoin backslide to $50,000 as it enters historically worst month of the year
▼ + stars: | 2024-09-02 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

Bitcoin slid 10.25% for its worst month since April, while ether dropped 23.66% in its third monthly drawdown and worst month since June 2022. "It's not a pretty picture across the crypto landscape at the moment," said Rob Ginsberg, chart analyst at Wolfe Research. "Bitcoin is still stuck in a descending trading range as price gradually deteriorates off the March high. Historically, September is the worst month for bitcoin — and other markets too, like U.S. stocks. Bitcoin has been stuck in a range between $50,000 and $70,000 since April and is likely to stay there for another a month at least.

Persons: Bitcoin, bitcoin, Rob Ginsberg, Ginsberg, bitcoin —, they've, Alex Thorn, Thorn, Trump, Harris, John Todaro, — CNBC's Michael Bloom, Nick Wells Organizations: Wolfe Research, bitcoin, Galaxy, U.S, Needham, Federal Locations: U.S, Germany, Gox

☆ I'm a product manager who interned at Apple, Google, and Microsoft. Now I'm opening up a candy store.
▼ + stars: | 2024-08-31 | by ( Jaures Yip | ) www.businessinsider.com time to read: +7 min

Read previewThis as-told-to essay is based on a conversation with Elly Ross, a head of product at an e-commerce company who is starting her own candy shop, "lil sweet treat." I was going on a walk to lunch one day and I passed by the unit that is now "lil sweet treat" — and I immediately knew that this was the spot for the candy shop. Product management skills in the candy shop worldA lot of the skills that I cultivated as a PM have been so helpful in building "lil sweet treat." When you buy this large amount of candy, you have to transfer that candy from one of the candy store bags into another vessel at home. Every time that your shopper reaches for a sweet treat, they see the "lil sweet treat" branding associate that sweet treat with "lil sweet treat."

Persons: —, Elly Ross, It's, I've, it's, we've, they're, I'm Organizations: Service, Business, Google, Blackstone Group, Apple, Microsoft, Big Tech Locations: Swedish, New York, Germany, New York City

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