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☆ China is getting hyped over a suggestion that people get more than 5 days of paid time off
▼ + stars: | 2024-03-06 | by ( Matthew Loh | ) www.businessinsider.com time to read: +6 min

Current laws give employees five days of annual paid time off, which increases to 10 days after they have worked 10 years, and 15 days if they have worked for 20 years or more. Fok's proposal would let young workers scale their annual leave from five to 10 days until they hit the 10-year mark. His suggestion sparked hopes on Weibo, China's version of X, that the country might soon align with international paid leave standards. The International Labor Organization recommends three weeks of paid annual leave. AdvertisementShanghai-based outlet The Paper ran an informal poll on Tuesday, asking if its readers felt they could take vacation days.

Persons: —, Kenneth Fok, Fok, we've, Jack Ma Organizations: Service, People's, China Youth, International Labor Organization, China, Daily, Business, Ministry of Human Resources, Social Security, Pew Research Center Locations: China, Hong Kong, Kong, Beijing, Weibo, Shanghai

☆ Democrat Dean Phillips drops out of 2024 presidential race
▼ + stars: | 2024-03-06 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +4 min

Democratic presidential candidate U.S. Representative Dean Phillips speaks to the media as he arrives at Londonderry High School during U.S. presidential primary election, in Londonderry, New Hampshire, U.S., January 23, 2024. Democratic Rep. Dean Phillips, Minn., has dropped out of the 2024 presidential race and endorsed President Joe Biden. "And it is clear that Joe Biden is OUR candidate and OUR opportunity to demonstrate what type of country America is and intends to be." Biden's campaign has been in general election mode for weeks, kicking into high gear after the president swept New Hampshire and South Carolina. Though Biden's age was not enough to singlehandedly keep Phillips' campaign afloat, it is still a top vulnerability as the general election nears.

Persons: Dean Phillips, Joe Biden, Phillips, Nikki Haley, Donald Trump, Biden, Jason Palmer, I'm, pare, Elon Musk, Bill Ackman, Democratic Sen, Joe Manchin, Robert Hur, Hur Organizations: Democratic, U.S, Londonderry High School, Tuesday, New, Democratic National Convention, Biden, Tesla, Republican, Department, Justice Locations: Londonderry , New Hampshire, U.S, Minn, America, American Samoa, New Hampshire, South Carolina, lockstep

Companies with upcoming IPOs can offer directed share programs to qualifying groups of retail investors to buy IPO stock. Rather than buying shares through a broker, a directed share program allows investors to buy IPO stock directly from the company. AdvertisementCompanies may offer a directed share program to employees, vendors, or, in Reddit's case, loyal users and moderators. The risk involved with directed share programsOne of the risks associated with directed share programs is that a DSP may harm the company's IPO by causing the IPO value to inflate. How to participate in Reddit's directed share programReddit began rolling out directed share program pre-registration invitations to certain users and moderators on February 22, 2024.

Persons: you'll, Reddit, Redditors, Insider's, Will McDonough, McDonough, Airbnb, Uber, —, there's, Reddit's Organizations: Companies, Corestone, New York Stock Exchange, Reddit, IPOs, DSP Locations: IPOs

☆ Trump used note cards. So did W. Bush and the presidents before him. Should we worry that Biden uses them, too?
▼ + stars: | 2024-03-01 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +6 min

Read previewAt a recent closed-door fundraiser, President Joe Biden had to rely on note cards prepped by his staff to provide donors with detailed answers on his policy. But since the advent of mass communication technology and, as a result, an increasing expectation of US leaders to make public addresses, presidents have long relied on note cards and teleprompters to face their constituents. Even US presidents who had the public reputation of being robust and nimble needed note cards, Kastor said. John F. Kennedy, who was able to keep his medical problems, including persistent back pain, hidden from the public, used note cards. Former President Donald Trump, who is now 77, has received flack for relying on note cards albeit for different reasons.

Persons: —, Joe Biden, Axios, Robert Hur, Calvin Coolidge, of Congress Peter Kastor, Louis, Kastor, John F, Kennedy, Kennedy's, Woodrow Wilson, John Adams, Theodore Roosevelt, Ronald Reagan, Biden, Reagan, …, Barack Obama, Donald Trump, David Frum, George W, Bush's, Bush, Frum, flack, Trump, Chip Somodevilla, attentiveness, Clinton, Obama Organizations: Service, Media, Business, of Congress, Washington University, National Archives, White, Trump Locations: St, Berlin, Germany, Parkland , Florida, W

☆ Family Dollar has agreed to pay $42 million after storing food and medicine in a warehouse with a severe rodent infestation
▼ + stars: | 2024-02-27 | by ( Grace Dean | ) www.businessinsider.com time to read: +5 min

AdvertisementUnder the plea agreement, Family Dollar admitted that it had begun receiving more reports of mouse and pest issues with deliveries from the warehouse in August 2020. AdvertisementThe distribution center shipped FDA-regulated products to more than 400 Family Dollar stores, or over 5% of its total store count. On average, the warehouse shipped 1.3 million cases of product worth $32.3 million each month, per the plea agreement. According to the plea agreement, the facility had operated since 1994, making it Family Dollar's second-oldest distribution center. Family Dollar said in October that it planned to open a "best-in-class" distribution center on the same site in West Memphis by fall 2024.

Persons: —, Dollar, Jonathan D, Ross, Rick Dreiling Organizations: Service, US Department of Justice, Business, FDA, DOJ, Federal Food, Consumers, Eastern, of Locations: Arkansas, West Memphis , Arkansas, US, of Arkansas, West Memphis

☆ Viking stock doubled Tuesday. Here's where the next moves in the obesity space could come from
▼ + stars: | 2024-02-27 | by ( Christina Cheddar Berk | In | ) www.cnbc.com time to read: +8 min

VKTX YTD mountain Viking shares year to date Then, Viking shares more than doubled in trading on Tuesday, putting the stock on pace to report a more than 300% year-to-date gain, after the company said its GLP-1/GIP receptor agonist VK2735 hit all its primary goals in a phase 2 clinical trial. The Tema Cardiovascular and Metabolic ETF (HRTS) , which is up 12% year to date, owns Novo, Lilly and Viking. Still early days Some analysts and investors admit it is still very early days for obesity treatment and many questions remain to be answered. "We continue to expect above consensus growth in the space, as we are bullish on adoption from payers and broader obesity uptake," Meacham wrote. For obesity only, Lilly has already gained a 38% share, despite only being in the market for 13 weeks, he said.

Persons: Eli Lilly, Geoff Meacham, Meacham, Lilly, Yuri Khodjamirian, Khodjamirian, Jeff Jonas, Becton Dickinson, Novo, BofA's Meacham, What's, Tema's, it's, Gabelli's Jonas, he's, William Blair, Andy Hsieh, Hsieh Organizations: Novo Nordisk, Bank of America, Centers for Disease Control, Zealand Pharma, Viking Therapeutics, Zealand, Food and Drug Administration, Novo, Metabolic, Therapeutics, Pharmaceuticals, Rock, AstraZeneca, Roche, Gabelli Funds, FDA, Viking, Merck, Pfizer Locations: U.S, Tema, Novo Nordisk's, GLP, Lilly

☆ Quincy Promes: Soccer star who was handed a six-year prison sentence in absentia for trafficking cocaine is still playing
▼ + stars: | 2024-02-24 | by ( Amy Woodyatt | ) edition.cnn.com time to read: +8 min

Away from the pitch, Promes has recently been convicted for drug trafficking by an Amsterdam court. “It is particularly bad that the suspect [Promes] normalizes and almost romanticizes the large-scale cocaine trade,” said Dutch prosecutors. Promes was convicted in absentia to six years in prison for drug trafficking. And Dutch soccer clubs seem to be taking notice. So there are indeed preventative measures taken by some of the clubs,” Nelen adds.

Persons: CNN — He’s, Quincy Promes, Promes, ”, “, calculatedly, Hans Nelen, David Klein, Criminologist Hans Nelen, Nelen, “ He’s, hadn’t, Femke Halsema, Peter R, Vries, Dutchman David Endt, hasn’t, Endt, “ There’s Organizations: CNN, Ajax, Sevilla, Spartak Moscow, Russian Premier League, Appeal, Reuters, Maastricht University, Promes, Rotterdam –, Customs, National Alliance, Subversive Locations: Netherlands, Amsterdam, Brazil, Antwerp, Belgium, Russia, Russian, Dubai, isn’t, Rotterdam, Mexico, Columbia, Italy, Germany, Europe, Dutch

☆ People don't trust Ukraine's new top commander anywhere near as much as the 'Iron General' Zaluzhny, new poll finds
▼ + stars: | 2024-02-15 | by ( Ella Sherman | ) www.businessinsider.com time to read: +3 min

The KIIS poll results show that public trust in Syrsky has increased since December, 21 percent do not trust him, 4 percent aren't sure, and 35 percent of Ukrainians said they do not know him. This poll provides insight into the Ukrainian public's views after Zelenskyy said he wanted a revival of military leadership leading up to the promotion of Syrsky and several other shake-ups. AdvertisementUnlike Zaluzhny's nickname, "Iron General," some of the Ukrainian troops have nicknamed Syrsky the "Butcher" following high casualties and losses in Bakhmut, Politico reported. Zelenskyy, however, has made his case in support of Syrsky and said that the new commander-in-chief is "Ukraine's most experienced commander." Shortly after Zaluhzny's departure, the KIIS poll showed that the Ukrainian public's trust in Zelenskyy dropped by about 5 percentage points.

Persons: —, Valery Zaluzhny, Gen, Oleksandr Syrsky, Volodymyr Zelenskyy, Zaluzhny, Syrsky, Zelenskyy, Anton Hrushetskyi, Hrushetskyi Organizations: Service, Kyiv International Institute of Sociology, Business, Kharkiv, Politico Locations: Syrsky, Ukraine, Kyiv, Bakhmut, Ukrainian

These families argue that the price to be paid in any hostage deal — the release of large numbers of Palestinian militants held by Israel — would endanger the country in the future. Protests calling on the government to reach a deal with Hamas have grown in size and intensity as the crisis has dragged on. The Mor family and two other hostages' families founded the Tikva Forum, a loosely organized group whose public members are mostly religious and right-wing. They share the belief that military pressure, not an immediate cease-fire or hostage release deal, is the best way to bring their loved ones home. “We see that when there’s a deal, hostages return, and in between, when there isn’t, only bodies come back,” said Berman.

Persons: Israel —, ”, Tzvika Mor, Eitan, ” Mor, Mor, Benjamin Netanyahu, Alon Nimrodi, Tamir Nimrodi, “, Israel's, ” Netanyahu, Adina Moshe, Netanyahu, Gilad Shalit, Shalit, Yehya Sinwar, “ Eitan, Avinatan, Noa Argamani, Avinatan’s, Shimon, Liran Berman, Israel, Gali, Ziv Berman, there’s, Berman, ” Berman Organizations: JERUSALEM, Nova, Associated Press, Hamas, Israel’s, Tikva, West Bank, AP, “ Locations: Israel imploring, Israel, Gaza, Cairo, United States, Kiryat Arba, Hebron, Palestinian, Kfar Aza

HONOLULU (AP) — A 60-year-old man sailing from California to Hawaii arrived in the islands over the weekend, the U.S. Coast Guard said Monday, one day after it asked the public for help finding him. Noel Rubio arrived safely with his 32-foot sailboat (9.7-meter) sailboat Malulani on Saturday, the Coast Guard said in a statement. Rubio left Long Beach on Dec. 28 and had planned to arrive in Kaneohe on the island of Oahu three weeks later. He last made contact via cellphone that day south of Catalina Island in California. The Coast Guard said Friday that it was unable to find Rubio despite searching harbors in California, Hawaii and Mexico and sending urgent marine information broadcasts.

Persons: Noel Rubio, Rubio Organizations: U.S . Coast Guard, Coast Guard, The Coast Guard, Associated Press Locations: HONOLULU, California, Hawaii, Long, Kaneohe, Oahu, Catalina, Mexico

☆ A shorter workweek is gaining ground as another major pilot program prepares to kick off
▼ + stars: | 2024-02-01 | by ( Allie Kelly | ) www.businessinsider.com time to read: +5 min

The four-day workweek has been successful elsewhereThe Dominican Republic will be the first Caribbean country to test a shorter workweek, according to the country's Ministry of Labor. Other lawmakers, like Vermont Sen. Bernie Sanders, have also voiced support for a shorter workweek. AdvertisementMost four-day workweek programs are voluntary for companies, and many countries have no legislation that requires a shorter workweek. With continued positive data, it's possible that the US and other countries could see the shorter workweek implemented into law. Have you been a part of a four-day workweek pilot program or do you work at a company adopting the schedule?

Persons: —, What's, Mark Takano, Vermont Sen, Bernie Sanders Organizations: Employees, Service, International Labor Organization, country's Ministry of Labor, Economic, Revenue, Democratic, Education, Workforce, Labor Locations: Dominican Republic, Latin America, Claro, Caribbean, Australia, United Kingdom, Zealand, Chile, Colombia, Mexico's, Vermont

☆ Republicans might not have the votes to impeach DHS Secretary Alejandro Mayorkas. Two GOP lawmakers are still undecided.
▼ + stars: | 2024-01-31 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

At least two Republican lawmakers are still undecided on impeaching Homeland Security Secretary Alejandro Mayorkas. AdvertisementHouse Republicans took more than 14 hours to ram through impeachment articles against Homeland Security Secretary Alejandro Mayorkas through committee approval. Just after 1 am Wednesday morning, the House Homeland Security Committee approved two articles of impeachment against Mayorkas on an 18 to 15 party-line vote. Johnson and House leadership must grapple with at least two publicly undecided Republican lawmakers in Reps. Ken Buck of Colorado and Tom McClintock of California. He and seven other Republicans joined Democrats in November in voting to punt Rep. Marjorie Taylor Greene's push to impeach Mayorkas to the Homeland Security panel.

Persons: Mike Johnson, Alejandro Mayorkas, —, Mayorkas, Johnson, Ken Buck, Ken Buck of Colorado, Tom McClintock of, Buck, Marjorie Taylor Greene's, Joe Biden's, McClintock, Axios, " McClintock, Don Bacon, Joe Biden, impeaching, Bacon Organizations: Homeland, Service, GOP, House Homeland Security, Tom McClintock of California, CNN, Republicans, Democrats, Homeland Security, House, Caucus, Republican, Nebraska Republican, Politico Locations: Ken Buck of, Nebraska

☆ Americans are getting closer to an interest rate cut — but it probably won't happen in the Fed's next big decision
▼ + stars: | 2024-01-30 | by ( Ayelet Sheffey | Madison Hoff | ) www.businessinsider.com time to read: +5 min

Read previewThe nation's central bank is gearing up to make its first big decision of 2024 — and while it likely won't be the interest rate cut many Americans are hoping for, it's set to bring them closer to that relief. The Fed hinted at how many interest rate cuts Americans can expect this year in its December Summary of Economic Projections. New labor market data out this Friday will show how employment looked at the start of 2024, and some labor market experts already think 2024 will see a cooler job market . That continuing strength in the labor market does represent a slowdown from the hot post-pandemic recovery in 2022. "The Fed has already signaled its willingness to cut rates, and the market has responded accordingly," the lawmakers wrote.

Persons: —, it's, Jerome Powell, Powell, Nick Bunker, would've, Greg McBride, David Kelly, Kelly, Elizabeth Warren, John Hickenlooper, Jacky Rosen, Sheldon Whitehouse Organizations: Service, Business, Federal, Federal Reserve, Spelman College, Labor Statistics, Fed, North America, Morgan Asset Management, Democratic Locations: Sens

☆ Congressional Republicans want to kill a bipartisan border bill to give Trump an edge in the election
▼ + stars: | 2024-01-30 | by ( Madison Hall | Brent D. Griffiths | ) www.businessinsider.com time to read: +6 min

Senate Republicans and Democrats have attempted to negotiate border-related legislation for weeks. Trump is pushing his supporters in Congress to kill the bill to gain an upper hand in the election. No public text has been released despite months of negotiations, even senators have complained that they are receiving few details from the discussions between Sen. James Lankford, an Oklahoma Republican, and Senate Democrats. "Using a one-time spending package to enact these unrelated permanent policy changes sets a dangerous precedent and risks assistance to our international partners," 11 Senate Democrats said in a statement about the talks. House Speaker Mike Johnson said it's "absurd" to suggest he would kill the talks to help Trump.

Persons: Trump, —, Donald Trump's, Sen, James Lankford, Lankford, Mike Johnson, Johnson, Biden, we're, Manu Raju's, GOP Sen, Ted Cruz of, Donald Trump, Alejandro Mayorkas Alex Wong, Alejandro, impeaching, William Belknap, Dan Goldman Organizations: Republicans, Democrats, Service, Congressional, Oklahoma Republican, Russia, GOP, Oklahoma GOP, Biden Administration, Homeland, House Republicans, Homeland Security, New, New York Democrat Locations: Las Vegas, Oklahoma, Ukraine, United States, Ted Cruz of Texas, Mexico, New York

UVALDE, Texas (AP) — Families of the children and teachers killed in the Uvalde, Texas, school massacre are renewing demands for criminal charges after a scathing Justice Department report again laid bare numerous failures by police during one of the deadliest classroom shootings in U.S. history. The Justice Department report says the FBI has assisted the Rangers but is not doing its own investigation. But she pushed back that timeline in December and said Thursday that she will need time to review the voluminous Justice Department report. Produced by a Justice Department office that supports local police, the document is among the most comprehensive accountings to date of what went wrong. The Department of Justice report faults state and local officials with undercutting the public's trust in law enforcement by repeatedly releasing false and misleading information about the police response.

Persons: “, ”, Velma Lisa Duran, Irma Garcia, Uvalde, General Merrick Garland, Will, Joe Biden, Pete Arredondo, Attorney Christina Mitchell, ” Mitchell, Uvalde's, Sen, Roland Gutierrez, Brett Cross, Uziyah Garcia, Garland, Mitchell, Greg Abbott, Jesse Rizo, Jacklyn Cazares, ___ Bleiberg, Zeke Miller Organizations: —, Department, Robb Elementary School, U.S, Texas Department of Public Safety, Texas Rangers, The, FBI, Rangers, Texas DPS, Attorney, Republican, Democratic, Justice Department, Associated Press Locations: UVALDE, Texas, , Texas, Uvalde County, San Antonio, Dallas, Washington

☆ Salesforce CEO Marc Benioff says AI can't be 'bad' like social media if it's going to be trusted
▼ + stars: | 2024-01-18 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Marc Benioff called for greater public trust in AI in a panel at the World Economic Forum. The Salesforce CEO said he wants people to trust AI — unlike social media over the past decade. Winning public trust in AI will require greater regulation, Benioff said. Benioff also said that social media has been a "shit show," adding: "It's pretty bad — we don't want that in our AI industry." OpenAI CEO Sam Altman spoke at the World Economic Forum in Davos, Switzerland.

Persons: Marc Benioff, Benioff, —, Salesforce, Sam Altman, FABRICE COFFRINI, OpenAI, Altman, wasn't, Einstein, Salesforce didn't Organizations: Economic, Service, CNBC, Bloomberg, Business Locations: Davos, Switzerland, OpenAI

☆ The newly unsealed Jeffrey Epstein documents have Donald Trump's name all over them. He had been secretly disguised as 'Doe 174.'
▼ + stars: | 2024-01-09 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +8 min

AdvertisementAn exhaustive review of the documents by Business Insider points to one no-longer-anonymous Doe who checks all the boxes: Doe 174. The newly unsealed documents include new excerpts of deposition transcripts and other legal filings where Trump's name is now revealed. AdvertisementVictims talked about Trump as one of Epstein's friendsThe unsealed documents are not all damning for Trump. The three other unsealed documents are motions and letters from lawyers representing Epstein and Alan Dershowitz, where Trump is mentioned in passing. While three of the nine documents naming Doe 174 have not yet been fully unsealed, the public docket includes versions with some redactions.

Persons: Jeffrey Epstein, Donald Trump, —, Virginia Giuffre, Ghislaine Maxwell, Doe, Loretta Preska, Preska, Epstein, Maxwell, Trump, Eric, Bill Clinton, Prince Andrew, Johanna Sjoberg, Prince Andrew of groping, Sjoberg, massaging Trump, Jeffrey, we'll, — we'll, Alan Dershowitz, Mario Tama, Dershowitz, Sarah Ransome, Ransome, Ghislaine, Giuffre, Juan Alessi, Alessi, Judge Preska's Organizations: Trump, Service, US, Business, Mar, British, Atlantic City, York Locations: Virginia, Atlantic, Palm Beach, Epstein's Manhattan, Beach

☆ Oil prices could spike 20%, possibly double if Middle East conflict disrupts Strait of Hormuz
▼ + stars: | 2024-01-06 | by ( Spencer Kimball | ) www.cnbc.com time to read: +6 min

Shipping can be rerouted away from the Red Sea, but crude would be essentially trapped if the strait is shut down, Struyven said. A prolonged disruption in the strait could eventually double oil prices, he said. McNally thinks the market should be factoring in a $12 geopolitical risk premium in oil prices right now. Wirth told CNBC's Sullivan that Chevron is currently working with the U.S. Navy to protect its vessels transiting the Red Sea. "Hopefully, if it doesn't escalate further, we'll be OK — even if there has to be a wholesale diversion of shipments around the Red Sea," Granholm said.

Persons: you've, Daan Struyven, Goldman Sachs, CNBC's Brian Sullivan, Struyven, Bob McNally, McNally, Bush, Antony Blinken, Daniel Yergin, Yergin, Michael Wirth, Tehran's, Wirth, CNBC's Sullivan, Joe Biden's, Jennifer Granholm, Granholm, Israel, Benny Gantz, Gantz, Biden's, Bob Yawger, Yawger, Brent Organizations: Shipping, Rapidan Energy Group, National Security Council, P Global, Brent, Chevron, U.S . Navy, NBC News . Energy, Mizuho, Energy Information Agency, Gulf Locations: Red, Iran, Hormuz, Persian, Israel, Strait, Yemen, Danish, U.S, Lebanon, Beirut, Lebanese, Islamic Republic, The U.S, Europe, South Africa, United States, East

☆ Investors will soon be able to buy slices of bonds. How to decide if this is the right move for you
▼ + stars: | 2024-01-05 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Investors will be able purchase pieces of corporate bonds, Treasurys and eventually, municipal bonds. The idea is to open up opportunities to investors who don't want to spend upward of $1,000 on single corporate bonds. While retail investors can buy individual corporate bonds through brokerages, they often opt for mutual funds or exchange-traded funds, which offer baskets of diversified bond securities. The iShares Broad USD Investment Grade Corporate Bond ETF (USIG) , for instance, tracks the ICE BofA U.S. Corporate Index. For corporate bonds, he suggests looking at actively managed funds, particularly for noninvestment grade and municipal bonds.

Persons: Sam Nofzinger, Nofzinger, Chuck Failla, I'm, Tom Kaiser, Failla Organizations: Public, Corporate, ICE, Sovereign Financial Group, Brock Investment Advisors, Apple, Microsoft, BlackRock Locations: brokerages, TreasuryDirect

☆ Penguins arguing, a sleepy polar bear, and a happy turtle are in the running for wildlife photo of the year, and you can vote on them
▼ + stars: | 2023-12-05 | by ( Maiya Focht | ) www.businessinsider.com time to read: +2 min

You can vote for the Wildlife Photographer of the Year People's Choice Award. The Natural History Museum in London released the images, and will exhibit them in February. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . This photo is one of 25 currently up for consideration as the public's favorite wildlife photo of 2023. If you want to see them all, and vote for your favorite, you can do so here.

Persons: —, Tzahi Finkelstein Organizations: Wildlife, Service, Croatian Herpetological Society Locations: London, Asia, Europe

☆ Former PM Boris Johnson to Defend Record and Conduct at UK COVID Inquiry
▼ + stars: | 2023-12-05 | by ( Dec. | At P.M. | ) www.usnews.com time to read: +4 min

By Andrew MacAskillLONDON (Reuters) - Former British Prime Minister Boris Johnson will make a much-anticipated appearance before an inquiry into the handling of the coronavirus pandemic on Wednesday with his personal reputation and that of the Conservative government at stake. He was said to have asked at one point if blowing a hair-dryer up his nose could kill the virus. The inquiry is assessing decision-making through written and oral evidence from former and current ministers and officials. It has also been given access to private messages they exchanged in the run-up to, and at the height of, the crisis. In private messages seen by the inquiry, Simon Case, Britain's most senior civil servant, claimed in private messages that his boss changed "strategic direction every day" and he was unable to lead.

Persons: Andrew MacAskill, Boris Johnson, Johnson, Rishi Sunak, Patrick Vallance, –, Dominic Cummings, Eddie Lister, Lee Cain, Simon Case, Angus MacSwan Organizations: Andrew MacAskill LONDON, British, Conservative, Britain, Conservatives, Labour Party Locations: COVID, Britain, Downing

☆ I shopped at Banana Republic and J. Crew to see which was having more success transforming its brand and winning over shoppers. The winner was clear.
▼ + stars: | 2023-12-05 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +2 min

Banana Republic and J. Crew are brands from a bygone era when safari cargo dresses and jewel-adorned oxfords were smart, chic office wear. Gap Inc. , which owns Banana Republic, has struggled to revive its appeal over the years. Banana Republic's third-quarter sales of $460 million were down 11% year-over-year, and its same-store sales were down 8%. For Banana Republic, that means improving clothing quality and elevating its aesthetic to become a quiet luxury brand .

Persons: —, Richard Dickson, Jenna Lyons, Libby Wadle, I'm Organizations: Service, Inc, Banana Republic, New York Times, Times

When 2023 began, a single bitcoin could be had for less than $17,000 after losing more than 75% of its value. But fueling this latest rally are prospects for the possible approval of spot bitcoin exchange traded funds — a pooled investment security that can be bought and sold like stocks. While analysts expect the potential approval of spot bitcoin ETFs to create a much larger pool of crypto investors, future volumes could go either way, Carey added. Despite the recent excitement around bitcoin, experts still maintain that crypto is a risky bet with wildly unpredictable fluctuations in value. As of around 1:30 p.m. Eastern time Monday, the price of bitcoin stood at $41,709.

Persons: Bitcoin, Riyad Carey, Carey, Binance, Changpeng Zhao, ”, “, Edward Moya, FTX, bitcoin Organizations: Federal, Industry, Regulators, Associated Locations: Silicon, bitcoin, cryptocurrencies, U.S

☆ Al Gore Slams COP28 Climate Summit Host UAE, Says Its Emissions Soared
▼ + stars: | 2023-12-03 | by ( Dec. | At A.M. | ) www.usnews.com time to read: +2 min

By Valerie VolcoviciDUBAI (Reuters) - Climate advocate and former U.S. Vice President Al Gore on Sunday slammed the UAE - host of the COP28 climate summit - saying its position as overseer of international negotiations on global warming this year was an abuse of public trust. "They are abusing the public's trust by naming the CEO of one of the largest and least responsible oil companies in the world as head of the COP," Gore said. That data came from a coalition he co-founded called Climate TRACE, which uses artificial intelligence and satellite data to track carbon emissions of specific companies, Gore said. Gore urged delegates to agree to language in the final text issued at the summit to phase out fossil fuels, without caveats or mentions of carbon capture technology. "The current state of the technology for carbon capture and direct air capture is a research project," Gore said.

Persons: Valerie Volcovici DUBAI, Al Gore, Sultan al, Jaber, Gore, Darren Woods, There's, Valerie Volcovici, Will Dunham Organizations: Reuters, U.S, Sunday, Democratic Party's, Exxon Mobil Locations: UAE, Dubai

Former U.S. Vice President Al Gore speaks during an interview with Reuters at the United Nations Climate Change Conference (COP28), in Dubai, United Arab Emirates, December 3, 2023. REUTERS/Amr Alfliky Acquire Licensing RightsDUBAI, Dec 3 (Reuters) - Climate advocate and former U.S. Vice President Al Gore on Sunday slammed the UAE - host of the COP28 climate summit - saying its position as overseer of international negotiations on global warming this year was an abuse of public trust. "They are abusing the public's trust by naming the CEO of one of the largest and least responsible oil companies in the world as head of the COP," Gore said. That data came from a coalition he co-founded called Climate TRACE, which uses artificial intelligence and satellite data to track carbon emissions of specific companies, Gore said. "The current state of the technology for carbon capture and direct air capture is a research project," Gore said.

Persons: Al Gore, Amr Alfliky, Sultan al, Jaber, Gore, Darren Woods, There's, Valerie Volcovici, Will Dunham Organizations: U.S, Reuters, United Nations, Change, United Arab Emirates, REUTERS, Rights, Sunday, Democratic Party's, Exxon Mobil, Thomson Locations: Dubai, United Arab, UAE

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