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☆ You can buy more Yeezys today, if you can get past the app crashes and error messages
▼ + stars: | 2023-06-01 | by ( Danni Santana | ) www.businessinsider.com time to read: +3 min

Customers took to social media to voice their displeasure with the company's Confirmed app. Among the issues, users reported crashes, error messages, and long wait times on draw results. Of the many silhouettes included in the restock, Yeezy Foam Runners, Yeezy Slides, and the "Pirate Black" 350 were the most coveted. Sneakers restocked on the Confirmed app via an online raffle or first-come first serve basis. Many sneakerheads could not enter a draw on the Nike SNKRS app because of app crashes or frozen screens.

Persons: —, Taylor Swift, Nike's SNKRS, Lucy Rouse Organizations: Adidas, Service, Kanye, Nike, Air, Ticketmaster Locations: Chicago

☆ State treason trial of Russian physicist begins in St. Petersburg
▼ + stars: | 2023-06-01 | by ( ) www.reuters.com time to read: +2 min

June 1 (Reuters) - The criminal trial of a prominent Russian physicist accused of state treason opened in St Petersburg on Thursday amid tight secrecy and concerns over the health of the elderly defendant. The case, marked as "top secret", is closed to the media and public, the St Petersburg court has said. Maslov was a professor and researcher at the Khristianovich Institute of Theoretical and Applied Mechanics, one of Russia's top scientific centres. Soon afterwards, Maslov was sent to Lefortovo prison in Moscow, a former KGB interrogation site, before being transferred to St. Petersburg to stand trial. Russia's parliament voted in April to increase the maximum penalty for treason to life imprisonment from 20 years.

Persons: Anatoly Maslov, Maslov, Lucy Papachristou, Gareth Jones Organizations: Kremlin, Reuters, Khristianovich, of Theoretical, Mechanics, Thomson Locations: Russian, St Petersburg, Siberian, Novosibirsk, Petersburg, Maslov, Moscow, St, hypersonics, China

☆ Firms are bringing production back home because of the Ukraine war, China's slowdown — and TikTok
▼ + stars: | 2023-06-01 | by ( Lucy Handley | ) www.cnbc.com time to read: +8 min

Earnings calls discuss 'reshoring'A number of banks noted mentions of the domestic manufacturing trend in U.S. earnings calls for the most recent quarter. And we have never … got the target right," McRaith told an audience at a supply chain conference organized by software company o9 Solutions in April. Bill McRaith Former chief supply chain officer, PVHMcRaith, a former chief supply chain officer at Tommy Hilfiger-owner PVH , said the apparel industry both over-orders and under-orders stock by about 20% to 25%. If we build an economy based on electrification and batteries, it's going to be really important to control our own supply chain. "If we build an economy based on electrification and batteries, it's going to be really important to control our own supply chain," he told CNBC's "Street Signs Asia" in April.

Persons: Luke Sharrett, Savita Subramanian, Ryan Grabinski, they're, Bill McRaith, McRaith, PVH, Tommy Hilfiger, we've, Shein, Jade Gao, it's, Keith Phillips, Joe Biden, CNBC's, Elon Musk, Phillips Organizations: European Union, Bloomberg, Getty, Bank of America, UBS, Securities, o9 Solutions, CNBC, AFP, U.S ., Reshoring, EV, U.S, EVs Locations: China, Ukraine, U.S, Europe, Brazil, Guangzhou, U.S . U.S, Corpus Christi , Texas, Tennessee, United States

☆ Here’s how A.I.-backed tools can help with worker stress and mental health
▼ + stars: | 2023-06-01 | by ( Mikaela Cohen | ) www.cnbc.com time to read: +3 min

While employer-provided mental health benefits have been rising over the last few years, mental health continues to be a chronic problem with half of workers experiencing anxiety symptoms and over half of workers having depression symptoms, according to Deloitte's 2022 Mental Health in the Workplace report, which surveyed 3,995 people across 12 industries. In light of Mental Health Awareness Month, companies need to be intentional about choosing health and insurance plans that offer mental health resources, according to Grace Chang, CEO and co-founder of Kintsugi, a company that developed an AI-backed tool that detects signs of depression and anxiety by listening to someone's voice. After spending years trying to access mental health resources through her employer-sponsored insurance plans, Chang saw an opportunity to create mental health access using AI. "Some individuals just need help with day-to-day stressors, and AI tools like chatbots can point them to on-demand resources," Roberts said. AI helps employees get mental health diagnoses

Persons: Grace Chang, Chang, Lucy Roberts, Roberts, I'm Organizations: Istock, Mental Health Locations: OneDigital

☆ UK's ITV commissions review after presenter resignation row
▼ + stars: | 2023-05-31 | by ( ) www.reuters.com time to read: +1 min

LONDON, May 31 (Reuters) - British broadcaster ITV (ITV.L) has commissioned an external review of presenter Phillip Schofield's resignation, the company said on Wednesday, after the 61-year-old admitted to lying about a relationship with a young worker. The probe was first reported by PA Media on Wednesday. "As you would expect we take the matter extremely seriously and have reviewed our own records over the weekend," a letter sent by McCall to government said, PA Media reported. The letter was sent to Ofcom, the broadcast regulator, and culture minister Lucy Frazer, PA Media reported. It said ITV had instructed a senior barrister to "carry out an external review to establish the facts".

Persons: Phillip Schofield's, Schofield, Carolyn McCall, McCall, Lucy Frazer, Paul Sandle, William James, Aurora Ellis Organizations: ITV, PA Media, Britain's, Ofcom, Thomson Locations: British, Britain

☆ A.I. makes it hard for voters to understand what is real and what isn't real, investment director says
▼ + stars: | 2023-05-31 | 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 EmailA.I. makes it hard for voters to understand what is real and what isn't real, investment director saysLucy Coutts, investment director at JM Finn, talks about how artificial intelligence will permeate the business and political worlds in the future.

Persons: Lucy Coutts, JM Finn

☆ New Zealand working to update surrogacy laws to make process easier
▼ + stars: | 2023-05-30 | by ( Lucy Craymer | ) www.reuters.com time to read: +1 min

WELLINGTON, May 31 (Reuters) - The New Zealand government will update the country's surrogacy law to make the process easier and less discriminatory, New Zealand's Justice Minister Kiri Allan said late on Tuesday. "Surrogacy has become an established method of forming a family for people unable to carry a child themselves. However, the laws that apply to surrogacy are outdated and need to change," Allan said in a statement. The committee is considering introducing a new process to determine legal parents rather than adoption, establishing a surrogacy birth register, clarifying payments relating to surrogacy and accommodating international surrogacy arrangements, the statement said. "It will make it easier for people to build the family they have always dreamed of while honouring the tremendous gift that surrogacy is," Copeland said.

Persons: Kiri Allan, Allan, Tāmati Coffey, Juanita Copeland, Copeland, Lucy Craymer, Richard Chang Organizations: WELLINGTON, New, Zealand's, Parliamentary, Labour, Fertility, Thomson Locations: New Zealand, Zealand

☆ I lived and worked in Antarctica for 5 months without WiFi or running water. It didn't feel as remote as I expected.
▼ + stars: | 2023-05-27 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +5 min

Lucy Bruzzone is one of several women who spent the last five months working in Antarctica. Bruzzone found it surprisingly easy to adjust to life on the peninsula and said it didn't feel as remote as she expected. Historically, Antarctica has been an extremely male-dominated place; Port Lockroy didn't have its first female team member until 2001. The team spent five months in Antarctica through the UK Antarctic Heritage Trust. Between ship visits, we'd grab a quick lunch, restock the shop, cancel stamps on any postcards we'd received, and monitor the penguins on alternate days.

☆ Investing in AI: how to avoid the hype
▼ + stars: | 2023-05-26 | by ( Naomi Rovnick | ) www.reuters.com time to read: +5 min

SummarySummary Companies AI boom brings fresh challenge for investorsAI-themed stocks highly valuedStick with big tech not AI stocks - investorsLONDON, May 26(Reuters) - Experienced tech investors are hunting for undervalued opportunities in an over-valued space. Investors are chasing exposure to generative AI, the technology run by ChatGPT that learns from analysing vast datasets to generate text, images and computer code. Businesses are trying to use generative AI to speed up video editing, recruitment and even legal work. GAM's Hawtin said he has also hunted out companies that provide the "picks and shovels," necessary for enabling new AI technology. Amazon's Bedrock service, for example, lets companies customise generative AI models rather than invest in developing them themselves.

☆ NZ central bank to hike by 25 bps, risk grows of higher peak for rates
▼ + stars: | 2023-05-22 | by ( Lucy Craymer | ) www.reuters.com time to read: +2 min

Yet, while back in February the RBNZ forecast the cash rate would peak at 5.5%, a growing minority of economists expect a further tightening is possible in July. Four economists in a Reuters poll of 21 economists now expect the cash rate to reach 5.75 or higher. Fourteen expect rates to hold at 5.50% next quarter. After the April surprise, markets remain wary of another outsized 50-basis-point rate hike this week. The money market is now pricing 39 basis points of hikes, up from 20 basis points last week.

☆ Former tennis pro helps children shine on court in Cameroon
▼ + stars: | 2023-05-22 | by ( Amindeh Blaise Atabong | ) www.reuters.com time to read: +2 min

Now she wakes up at 5 a.m. every day to start a round of workouts, practice sessions, and school classes alongside nine other girls and 22 boys boarding at the Oyebog Tennis Academy in the town of Souza. She caught the eye of former national champion Joseph Oyebog when she was in tears after losing a practice match, aged just eight. Since graduating from the academy, some beneficiaries have won scholarships for further training abroad, while more than 20 academy trainees have International Tennis Federation rankings. He won national tournaments and competed in the Davis Cup international men's team competition. It offers tennis training at little or no cost.

☆ Investors still pouring into cash, but pace slows - BofA
▼ + stars: | 2023-05-19 | by ( Lucy Raitano | ) www.reuters.com time to read: +2 min

LONDON, May 19 (Reuters) - Investors pumped $25.1 billion into cash in the week to Wednesday, but the flow into cash funds has slowed recently, reflecting a greater degree of investor confidence, according to a report from BofA Global Research on Friday. Meanwhile, investors bought $5.6 billion of bonds and pulled $7.7 billion from equity funds in the week to May 17. The report also showed U.S. Treasuries clocking up 14 straight weeks of inflows, with investors buying $4.3 billion in the week to May 17. A total of $1.1 billion went into tech stocks, marking a fifth week of inflows, as investors chose growth names over value. Investors took $700 million out of financial funds, while real estate investment trusts saw their largest outflows since November 2022, totaling $600 million.

☆ Fifth body found in burnt out NZ hostel, man appears in court on arson charges
▼ + stars: | 2023-05-19 | by ( Lucy Craymer | ) www.reuters.com time to read: +2 min

WELLINGTON, May 19 (Reuters) - A 48-year-old homeless man appeared in New Zealand court on Friday on two charges of arson as police found a fifth body in the burnt out remains of a hostel in the capital Wellington. “Until we have fully examined all parts of the building we remain reluctant to confirm the specific number of deceased,” Bennett said at press conference on Friday. A 48-year-old man, who has his name suppressed until at least his next court appearance, appeared in Wellington District Court briefly on Friday afternoon. He appeared agitated in the docks, wearing a black hooded sweatshirt over his head and dancing and making hand gestures to the media. “The scene examination will continue over the weekend and we hope to recover the fifth person as quickly as we can,” Bennett said.

☆ Six Pacific countries at high risk of debt distress - World Bank
▼ + stars: | 2023-05-18 | by ( ) www.reuters.com time to read: +2 min

To match Feature PACIFIC-JUSTICE/ REUTERS/Lincoln FeastWELLINGTON, May 18 (Reuters) - Six Pacific countries are at a high risk of debt distress in part due to government spending to respond to the COVID-19 crisis, the World Bank said in a report on Thursday. Among other countries in the region, Vanuatu is rated at medium risk, while Palau and Nauru’s debt is sustainable, the report noted. The World Bank last month said that Fiji must also take urgent action to reduce its debt burden. Stephen Ndegwa, World Bank Country Director for Papua New Guinea & the Pacific Islands, said reducing debt, strengthening revenue and improving the quality of government spending are critical areas for Pacific countries to address. It also said that Pacific countries should allocate more to social assistance and protection measures.

☆ NZ sees bigger deficit as economy sputters, spending boost to fan inflation
▼ + stars: | 2023-05-18 | by ( Lucy Craymer | ) www.reuters.com time to read: +4 min

FILE PHOTO: New Zealand's finance minister, Grant Robertson, speaks about the "wellbeing" budget in Wellington, New Zealand, May 30, 2019. That has heaped pressure on New Zealand’s finances, as the government has had to navigate many challenges including three-decade high inflation, sharply rising borrowing costs, a stuttering economy and falling tax revenue. However, Treasury sees inflation slowing to 3.3% by mid-2024, from the current blistering 6.7% pace, levels not seen since the early 1990s. Much of the worsening in the accounts is due to falling tax revenue as the economy slows. S&P Global Ratings retained New Zealand’s AAA ratings, but warned of pressure ahead.

☆ New Zealand announces worse-than-expected deficit as economy stutters
▼ + stars: | 2023-05-18 | by ( Lucy Craymer | ) www.reuters.com time to read: +2 min

WELLINGTON (Reuters) - New Zealand on Thursday announced a worse-than-forecast budget deficit as a lower tax take, higher inflation and a slowing economy hit its coffers, forcing the ruling Labour government to keep new spending at a minimum and raising its bond programme. FILE PHOTO: New Zealand's finance minister, Grant Robertson, speaks about the "wellbeing" budget in Wellington, New Zealand, May 30, 2019. The country is projected to record a NZ$6.96 billion deficit for the year to June 2023 versus previous expectations for a deficit of NZ$3.63 billion, and will not return to surplus until 2025-26, a year later than previously forecast. The government announced a NZ$6 billion infrastructure fund, which would help with rebuild costs and fund new more resilient infrastructure over the longer term. “There is not a lot of discretionary spending in this budget,” Robertson added.

☆ Sam Zell, billionaire real estate investor, dies at 81
▼ + stars: | 2023-05-18 | by ( Niket Nishant | ) www.reuters.com time to read: +2 min

[1/3] Sam Zell, Chairman of Equity Group Investments, speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., May 1, 2017. Born in 1941 to Polish parents who escaped to the United States during the German invasion of Poland, Zell took a deep interest in real estate very early on. Besides real estate, his firm also invested in manufacturing, travel, retail, healthcare and energy businesses. Zell played a key role in popularizing the structure of real estate investment trusts (REITs) that involved leasing and collecting rent on properties and distributing profit to investors as dividend in the 1990s. It was later sold to asset management giant Blackstone Inc (BX.N) for $39 billion in one of the largest real estate deals ever.

☆ New Zealand police to start removing bodies after hostel fire
▼ + stars: | 2023-05-18 | by ( Lucy Craymer | ) www.reuters.com time to read: +1 min

[1/2] The exterior of a hostel, after a fire ripped through the building, resulting in a number of deaths, in Wellington, New Zealand May, 16, 2023. AAP Image/Ben McKay via REUTERSWELLINGTON, May 18 (Reuters) - New Zealand police expect to start removing bodies from the hostel in Wellington where at least six people died in a fire earlier this week, authorities said on Thursday. Police have said they suspect the fire was arson and have opened a homicide inquiry. "The scene examination is expected to take several days," Bennett said, adding that police did not know how many people died in the fire. Reporting by Lucy Craymer; Editing by Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

☆ Factbox: Who are the three Russian scientists accused of state treason?
▼ + stars: | 2023-05-18 | by ( Lucy Papachristou | ) www.reuters.com time to read: +6 min

May 18 (Reuters) - Three Russian scientists who have worked on hypersonic missile technology face "very serious accusations" of state treason, the Kremlin says. Maslov was detained early in the morning of June 28 last year in Novosibirsk, according to an interview that his sons Nikolai and Alexei gave to local media. He declined to tell them anything about the possible reasons for his arrest, and they learned from his lawyer that he was being charged with state treason. Kommersant newspaper reported that Maslov was accused of divulging state secrets related to hypersonics, but provided no further details. Born in Siberia, he studied in the aircraft engineering department at Novosibirsk State Technical University.

☆ Biden's Papua New Guinea no-show deals blow to US credibility in Pacific - analysts
▼ + stars: | 2023-05-17 | by ( Kirsty Needham | ) www.reuters.com time to read: +3 min

"For Papua New Guinea this was a very big deal and they will be disappointed," said Mihai Sora, a Pacific islands analyst with the Lowy Institute think tank in Sydney. The cancellation was also a "blow to U.S. credibility in the region as a consistent partner", he added. "Up until now Pacific islands leaders have been giving the U.S. the benefit of the doubt over its ability to re-engage." Biden had also been scheduled to meet 18 Pacific island leaders in the three-hour visit to the PNG capital Port Moresby. The Pacific islands span 40 million square km of ocean, where vital sea lanes and submarine cables link the United States to its allies Australia and Japan.

New York CNN —CNN’s Kaitlan Collins will anchor a new show at 9 pm starting in June, CNN CEO Chris Licht announced Wednesday. Since then, the 9 pm slot was hosted by a cast of CNN anchors, special interviews and town halls. Licht said Collins will leave the CNN This Morning show, which will be led by Poppy Harlow “alongside a rotation of CNN guest anchors.” Collins’ departure from the morning show is the second in a month after Don Lemon parted ways with CNN in April. CNN's Kaitlan Collins Jeremy Freeman/CNNCollins last week interviewed former President Donald Trump during CNN’s contentious and controversial town hall event. “I’m so thankful for my friend and co-anchor Poppy and will be cheering on the CNN This Morning team every day.”Collins, 31, joined CNN in 2017 as White House reporter.

In 2012, Maslov and Shiplyuk presented the results of an experiment on hypersonic missile design at a seminar in Tours, France. In 2016, all three were among the authors of a book chapter entitled "Hypersonic Short-Duration Facilities for Aerodynamic Research at ITAM, Russia". The cases showed that "any article or report can lead to accusations of high treason", the open letter said. It said such cases were having a chilling effect on young Russian scientists. Asked about the letter, Kremlin spokesman Peskov said: "We have indeed seen this appeal, but Russian special services are working on this.

☆ New Zealand set to reveal bigger deficit in 'no frills' 2023-24 budget
▼ + stars: | 2023-05-16 | by ( Lucy Craymer | ) www.reuters.com time to read: +2 min

WELLINGTON, May 16 (Reuters) - New Zealand Labour government is set to reveal a worse budget bottom line and economic outlook on Thursday as it delivers what it calls a “no frills” 2023-24 budget to avoid fuelling inflation. Since coming into power, Prime Minister Chris Hipkins has cut costly programmes and reiterated the government’s plans to return to “bread and butter issues”. They’ll see that’s what we’ve done in the budget,” Hipkins said at his weekly Monday press conference. The country was hit by two significant weather events at the start of the year that caused an estimated NZ$9 billion and NZ$14.5 billion in damage. “The Budget packages will likely be more targeted, appearing more fiscally responsible and prudent,” Smith added.

☆ New Zealand police to begin probe into suspicious hostel fire
▼ + stars: | 2023-05-16 | by ( Lucy Craymer | ) www.reuters.com time to read: +2 min

[1/3] Fire and emergency crews work at the scene of a fire at the Loafers Lodge, in Wellington, New Zealand May 16, 2023. REUTERS/Lucy CraymerWELLINGTON, May 17 (Reuters) - New Zealand police said they would begin on Wednesday a thorough investigation of a burned-out hostel in the capital, Wellington, where at least six people died and up to 11 were unaccounted for, and confirmed they were treating the fire as suspicious. A blaze broke out on the top floor of the Loafers Lodge in the suburb of Newtown in the early hours of Tuesday, causing major structural damage that is hampering recovery efforts. The hostel provided accommodation for construction workers, hospital staff and those serving sentences in the community for minor crimes, among other people. Earlier on Wednesday, Fire and Emergency New Zealand (FENZ) deemed it safe for police to enter the building.

Andreessen Horowitz is preparing to launch a fund of funds to invest in other startup backers. A16z has already been courting up-and-coming fund managers at events in San Francisco and LA. The venture-capital powerhouse Andreessen Horowitz has in recent months been in discussions to form a fund of funds focused on early-stage investing, according to multiple people familiar with the project. In recent months, the firm has started to court up-and-coming fund managers with events in San Francisco and Los Angeles, according to three sources familiar with the firm's plans. Partners at crossover fund Tiger Global tried a similar strategy in recent years, committing $1 billion to back an array of early-stage venture funds.

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