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☆ The US, its allies, and North Korea are one wrong move away from disaster
▼ + stars: | 2023-03-11 | by ( Chad Kunkle | Defense Priorities | ) www.businessinsider.com time to read: +7 min

North Korea continues to test missiles while the US and South Korea hold high-profile exercises. This prospect should prod US policy makers to consider why they are choosing to push forward with the current approach to North Korea. US Air Force F-16s and B-1B bombers with South Korean F-35As during an exercise over the Korean Peninsula in November. Kim, his daughter, and other North Korean officials watch sports in Pyongyang in a photo released on February 17. There are already actions being taken by the Biden administration that show how maintaining a massive force in South Korea is not a top priority for the US, such as the recent decision to transfer artillery ammunition from South Korea to resupply Ukrainian stockpiles.

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☆ South Korea envoy in Iran summoned over Yoon's 'enemy' remarks -media
▼ + stars: | 2023-01-19 | by ( Hyonhee Shin | ) www.reuters.com time to read: +2 min

Yoon, speaking with South Korean troops stationed in Abu Dhabi early this week, said South Korea and the UAE are under "very similar" circumstances, each facing North Korea and Iran as "the enemy, biggest threat." His remarks prompted a rare spat between Seoul and Tehran, at a time when relations have already been testy over frozen Iranian funds in South Korea and suspected arms dealings between Iran and North Korea. Iran's deputy foreign minister on legal affairs, Reza Najafi, summoned Yun Kang-hyeon, the South Korean ambassador on Wednesday to protest against Yoon's "interventionist remarks," the official IRNA news agency said. Najafi also accused South Korea of pursuing an "unfriendly approach" toward Iran, singling out its frozen funds. Iran has repeatedly demanded the release of some $7 billion of its funds frozen in South Korean banks under U.S. sanctions.

☆ South Korea, Iran summon each other's envoys as spat over Yoon remarks deepens
▼ + stars: | 2023-01-19 | by ( Hyonhee Shin | ) www.reuters.com time to read: +3 min

SEOUL, Jan 19 (Reuters) - Iran and South Korea summoned each other's envoys in a deepening spat over comments by South Korean President Yoon Suk-yeol that described the Islamic republic as the enemy of the United Arab Emirates. Yoon, speaking to South Korean troops stationed in Abu Dhabi earlier this week, said South Korea and the UAE are under "very similar" circumstances, each facing North Korea and Iran as "the enemy, biggest threat." Relations between Seoul and Tehran had already been testy over frozen Iranian funds in South Korea and suspected arms dealings between Iran and North Korea. Iran has repeatedly demanded the release of some $7 billion of its funds frozen in South Korean banks under U.S. sanctions. South Korea was once one of Iran's biggest crude buyers in Asia, but ceased imports after Washington imposed sanctions on Tehran in 2018.

☆ Can a Plucky Skin-Care Products Startup Unfreeze India’s IPO Market?
▼ + stars: | 2023-01-12 | by ( Megha Mandavia | ) www.wsj.com time to read: 1 min

Initial public offerings from Indian startups have remained largely in the deep freeze for the past 12 months. A Sequoia Capital-backed beauty and personal-care-products startup is now hoping to break the curse. At the tail end of 2022, the parent of Indian personal-care-products startup Mamaearth—Honasa Consumer Ltd.—filed for an initial public offering. The company plans to issue new shares worth 4 billion Indian rupees ($49 million) and sell 46.8 million existing shares. Investors including Sofina, Stellaris Venture Partners and Fireside Ventures would sell part of their stakes while Sequoia would stay put.

☆ Portuguese airline TAP running reduced service as two-day strike kicks off
▼ + stars: | 2022-12-08 | by ( ) www.reuters.com time to read: +2 min

LISBON, Dec 8 (Reuters) - Portuguese flag carrier TAP is running a reduced service as its cabin crew stage a two-day strike to demand higher salaries and better working conditions. The strike, called by the national SNPVAC union representing cabin crew staff for Dec. 8-9, had already forced TAP to cancel 360 flights. The airline said it was only operating the "minimum services" decreed by a court. SNPVAC president, Ricardo Penarroias, told Lusa news agency the majority of TAP cabin crew had decided to walk out but said they were still available to negotiate with the airline to avoid further strikes until the end of January. The ailing airline, 72.5% controlled by the Portuguese state, was saved by a 3.2 billion euro rescue plan approved by Brussels.

☆ TAP cabin staff to strike on Dec. 8-9, plan more walkouts until end-Jan
▼ + stars: | 2022-12-06 | by ( ) www.reuters.com time to read: +2 min

LISBON, Dec 6 (Reuters) - Cabin staff at Portugal's flag carrier TAP will go on strike on Thursday and Friday to demand higher wages after pay cuts under the airline's recovery plan, the SNPVAC union said, adding it would schedule more walkouts later. The 25% salary cut we suffered due to the company's restructuring plan is unacceptable, especially given current inflation levels," SNPVAC head Ricardo Penarroias told Reuters on Tuesday. The union is also demanding the company unfreeze pay progression, and respect maternity leave and rest periods. TAP, which is under an EU-approved 3.2-billion euro bailout plan, has also advised passengers to reschedule their bookings. The plan involves downsizing its fleet, cutting more than 2,900 jobs and reducing wages of most workers by up to 25%.

At an EU economics and finance ministers' meeting in Brussels, Hungarian minister Mihaly Varga confirmed his government's opposition to supporting Ukraine with the loan. Hungary has said it would not take part in joint EU borrowing for Ukraine, though Budapest has said it would provide bilateral assistance. But this is not how Hungary's decision to block the EU loan has been received by all. Locked in a tug-of-war with Hungary, the ministers decided to take off their agenda on Tuesday any decision about 7.5 billion euros in EU funds earmarked for Hungary, according to EU officials. International watchdogs say he has channelled EU funds to his inner circle over the years, entrenching himself in power.

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☆ Google Cloud plans to unfreeze hiring by October, leaked memo says
▼ + stars: | 2022-09-16 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +4 min

A leaked email shows the firm plans to unfreeze hiring by October, reversing a pause that was set in motion in July. A leaked memo shows Google Cloud plans to unfreeze hiring. In an email sent to staff and obtained by Insider, Brad Calder, Cloud's vice president of technical infrastructure, said leadership is aiming to unfreeze hiring by October. The news comes months after Google announced plans to pull back on hiring due to uncertain economic conditions (though the firm has been hiring for critical roles across certain teams). Calder also said Google Cloud must hone its priorities for 2023, and that there are "too many Code Yellows and Purples."

☆ Leaked memo says Google Cloud will unfreeze hiring in more areas across the org by October but it must fix its priorities in 2023: 'We have too many Code Yellows and Purples'
▼ + stars: | 2022-09-15 | by ( Hugh Langley | Rosalie Chan | ) www.businessinsider.com time to read: +3 min

Google Cloud aims to unfreeze hiring in more areas across the org by October, a leaked memo said. "We have too many Code Yellows and Purples," he told staff in the memo. Google Cloud will unfreeze hiring in more areas across the organization by October, a memo sent to staff Wednesday and obtained by Insider said. We continue to aggressively hire for critical roles that support our long-term goals and customer needs," a Google Cloud spokesperson said. The spokesperson added that individual teams at Google Cloud would decide whether to unfreeze hiring based on that team's needs and priorities.

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