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☆ Newcrest CEO Biswas steps down, hunt for new chief underway
▼ + stars: | 2022-12-18 | by ( ) www.reuters.com time to read: 1 min

MELBOURNE, Dec 19 (Reuters) - Newcrest Mining Ltd (NCM.AX) Chief Executive Sandeep Biswas will retire from his role at the helm of Australia's largest gold producer, the company said on Monday. Chief Financial Officer Sherry Duhe, who joined the company in February, will step in as interim chief executive while a global internal and external search for a replacement is underway, Newcrest said in a filing to the exchange. Duhe comes from an energy background, having previously worked as CFO of Woodside Energy, and spent 13 years at Shell. Biswas, who will relinquish his role as a managing director as of Monday, will stay on in an advisory capacity until March 18. Our Standards: The Thomson Reuters Trust Principles.

☆ Cyberattack on top Indian hospital highlights security risk
▼ + stars: | 2022-12-07 | by ( Associated Press | ) www.nbcnews.com time to read: +3 min

NEW DELHI — The leading hospital in India’s capital limped back to normalcy on Wednesday after a cyberattack crippled its operations for nearly two weeks. Online registration of patients resumed Tuesday after the hospital was able to access its server and recover lost data. The attack was followed by a series of failed attempts to hack India’s top medical research organization, the Indian Council of Medical Research. “We are digitizing (everything), but then there is an attack on the country’s most important medical institute,” he said. Altaf Qadri / APOn Nov. 30, there were repeated but ultimately unsuccessful attempts to breach the website of the Indian Council of Medical Research, the Press Trust of India news agency reported.

☆ The 11 most promising DevOps startups of 2022, according to VCs
▼ + stars: | 2022-11-23 | by ( Paayal Zaveri | Julie Bort | ) www.businessinsider.com time to read: +2 min

That's giving rise to DevOps startups tackling issues that come with building cloud software. Insider asked top venture capitalists which DevOps startups excited them the most this year. In the second quarter of this year, early-stage DevOps startups raised a total of $654 million across 21 deals, according to PitchBook. Insider asked several VCs to pick the most promising DevOps startups both in and out of their portfolios. Here are the DevOps startups investors say are worth betting on, from least to most capital raised:

☆ From digital wallet accounts to shares in project ownership, the metaverse will reimagine money as we know it
▼ + stars: | 2022-11-21 | by ( Sponsor Post | Created Mastercard With Insider Studios | ) www.businessinsider.com time to read: +6 min

In Asia, brands have an opportunity to drive value by creating new experiences for customers in the metaverse. At its core, the metaverse is an interconnection of immersive, real-time virtual experiences. It's still more idea than reality — virtual or otherwise. Making virtual reality realFor "value" in the metaverse, we can substitute the word "experiences." Money will be expressed in new ways, from digital wallet accounts to tokens (like cryptocurrency) that represent rewards, vouchers, or a slice of ownership in a project or service.

☆ WeWork exits 40 U.S. locations after tepid forecast, shares slump
▼ + stars: | 2022-11-10 | by ( Kannaki Deka | ) www.reuters.com time to read: +2 min

Nov 10 (Reuters) - WeWork Inc (WE.N) forecast fourth-quarter revenue below estimates and said it will exit about 40 underperforming U.S. locations, sending shares down over 15%, as the workspace provider deals with high expenses and a strong U.S. dollar. "A recession is going to materially impact WeWork's operations because SMEs (small and medium-sized enterprises) are going to cut costs. WeWork expects fourth-quarter revenue of between $870 million and $890 million, below Wall Street targets of $923.8 million. WeWork went public in 2021 after a two-year struggle and currently has a market cap of around $1.77 billion. It reported third-quarter revenue of $817 million, below market expectations of $865 million, according to a Refinitiv poll of five analysts.

The research will look at whether the drug can effectively treat depression when other therapies have failed. COMPASS Pathways, a United Kingdom-based pharmaceutical company that focuses on psilocybin research, is conducting the study. Most psychedelics, including psilocybin, are illegal at the federal level in the U.S. No one knows for sure how it might work to treat depression. Nayak was also not involved with the COMPASS study, but does conduct research on psilocybin for other mental health conditions. A re-enactment of a COMPASS Pathways psilocybin therapy session.

☆ CFOs Detail Plans to Manage Inflation, Shifts in Consumer Demand
▼ + stars: | 2022-10-28 | by ( Kristin Broughton | ) www.wsj.com time to read: +7 min

Ian Borden, McDonald’s CFO Photo: McDonald'sThere are really a couple of drivers for this year that resulted in that adjusted outlook. I think what I would say, coming into the role, is certainly it’s an area that I’m going to be focused on. But so far, we’ve seen [a] continued strong impact on our recommendations products from advancing developments in our AI work. We do expect that to be considerably higher than what we’ve seen in the past, reflecting the inflation that we’re dealing with across the business. When we talk about the impact of inflation, it is not just a domestic impact, it’s international as well.

☆ Man gets death for killing Texas agency’s first Sikh deputy
▼ + stars: | 2022-10-27 | by ( The Associated Press | ) www.nbcnews.com time to read: +1 min

HOUSTON — A man was sentenced to death Wednesday for the fatal 2019 shooting of a law enforcement officer who was the first Sikh deputy in his Texas agency. A Harris County jury deliberated for about 35 minutes before returning the death sentence for Robert Solis, 50, after convicting him of capital murder on Oct. 17 in Harris County Sheriff’s Deputy Sandeep Dhaliwal’s killing. That makes him the worst of the worst, which is why we asked jurors to sentence him to death,” Harris County District Attorney Kim Ogg said in a statement. Harris County Sheriff's Deputy Sandeep Dhaliwal, center, grieves at a memorial for Deputy Darren Goforth in Houston in 2015. “Deputy Dhaliwal was a pillar of this community, and when it came to law enforcement, he set the bar,” Warren said.

☆ A Meta exec quit after 11 years to join Web3 at the peak of its hype. Here's why she's staying through a crypto winter.
▼ + stars: | 2022-10-26 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +6 min

Ex-Meta marketing exec Jennifer Kattula quit after 11 years to "take the leap" into Web3. The call piqued her interest and she began to research crypto and Web3 — both still nascent industries. Former Meta marketing executive Jennifer Kattula, now senior vice president of marketing at Polygon. Interest in Web3 and crypto was peaking, with bullish investors pouring a record $30 billion into crypto ventures that year. But Kattula's first foray into crypto did not go smoothly, and she left Celsius after less than six months in April 2022.

☆ India's ICICI Bank net profit jumps 37% as bad loan provisions drop
▼ + stars: | 2022-10-22 | by ( ) www.reuters.com time to read: +2 min

MUMBAI, Oct 22 (Reuters) - ICICI Bank (ICBK.NS), India's second-largest private-sector lender, reported a 37% rise in quarterly net profit on Saturday as loan growth inched up and provisions for bad loans fell. Net profit for the three-months ending Sept. 30 rose to 75.58 billion rupees ($916 million), broadly in line with analysts' estimate of 73.51 billion rupees, according to Refinitiv IBES data. Net interest income, which is the difference between interest earned and paid out, was 147.9 billion rupees, a rise of 26% on the year-earlier period, the bank said in a statement. Loans increased across segments, including large corporate, although the bank was focusing on higher rated corporate borrowers, it said. The lender is holding adequate liquidity and does not see deposit growth as constraint on the bank's overall growth, said executive director Sandeep Batra.

☆ Even financial analysts should be interested in delivering pizzas, Domino's CEO says. 'Because our drivers become franchisees.'
▼ + stars: | 2022-10-18 | by ( Sarah Belle Lin | ) www.businessinsider.com time to read: +4 min

Domino's CEO Russell Weiner touted career opportunities for delivery drivers in a call with analysts. "Maybe there are people who are listening to the call now who are interested in drivers' positions," Weiner said. 95% of Domino's franchisees started out as employees making pizza or driving, he said. Domino's delivery drivers earn around $31,962 annually, ZipRecruiter estimates, and a Domino's franchise owner in New York City can make a base salary of $88,200 a year, according to Glassdoor. Domino's is primarily a franchiser, with approximately 94% of US Domino's stores owned and operated by the company's independent franchisees, according to Domino's 2021 annual report.

☆ Two Vertex Ventures partners: types of founders, companies they're betting in the downturn with firm's new $200 million early-stage cloud-startup fund
▼ + stars: | 2022-09-28 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +5 min

Vertex Ventures, an early-stage cloudtech-focused VC firm, raised $200 million for its third fund. Insider spoke to two partners about what they look for in a founder and why they raised a fund now. Vertex Ventures, an early-stage venture-capital firm focused on cloud and enterprise technology, has raised its third fund. Data security is another adjacent area they're interested in, as well a vertical software, or software focused on serving specific industries. Along with this new fund, Vertex has promoted Bhadra to the rank of general partner alongside the three existing general partners, including Heiliger.

Worker loads palm oil fresh fruit bunches to be transported from the collector site to CPO factories in Pekanbaru, Riau province, Indonesia, April 27, 2022. The momentum in shipments could help to bring Indonesia's palm oil stocks, which ballooned to 6.69 million tonnes by end-June from around 4 million tonnes at end-2021, back to 4.5 to 5 million tonnes by end-September, said Eddy Martono, Secretary General at the Indonesian Palm Oil Association (GAPKI). Malaysia has also displaced Indonesia so far in the 2021/22 marketing year to end-October as the top palm oil supplier to India, according to SEA data. "Indonesian sellers are now trying hard to regain the lost market share by offering discounts," a New Delhi-based palm oil dealer said. "Palm oil is big contributor in its tax kitty.

☆ CIOs at Logistics Companies Call in the Robots
▼ + stars: | 2022-09-15 | by ( Isabelle Bousquette | ) www.wsj.com time to read: +5 min

Chief information officers at logistics companies like DHL Supply Chain North America and GXO Logistics Inc. are increasing investments in robots designed to move inventory around warehouses, but not all robots are up to the task yet, they say. GXO Logistics said it expects to be using more than 5,800 robots globally by the end of this year, up from 3,800 last year, while Kenco Logistics Services LLC plans to leverage roughly 120, up from 30 last year. Warehouse robots from Locus Robotics at a DHL Supply Chain facility. Photo: DHL Supply ChainAmid the robotics ramp-up, CIOs admit that the technology is not always more efficient than human workers or more cost effective. While warehouse robotic technology is mature in some areas, such as transporting goods from point A to point B, it is less mature in terms of picking up and placing down goods, tech leaders say.

Britain's Queen Elizabeth II inspects a guard of honor at the Presidential palace in New Delhi during her visit to India in 1997. Queen Elizabeth II meets Indian Prime Minister Narendra Modi at Buckingham Palace in London, England in 2015. “If you don’t see people mourning the death of Queen Elizabeth in India, (it is) because she doesn’t have that connection with the new generation of Indians,” Ravi Mishra said. Queen Elizabeth II meets Indira Gandhi at Hyderabad House in Delhi, India, in 1983. The proposition before this house is the principle of owing reparations … the question is: is there a debt?… As far as I’m concerned, the ability to acknowledge a wrong that has been done, to simply say sorry, will go a far, far, far longer way than some percentage of GDP in the form of aid,” Tharoor said.

☆ These cloud startups were pandemic darlings. Now the downturn is helping giants like Google and Microsoft gobble them up.
▼ + stars: | 2022-08-29 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +10 min

Productivity startups boomed as a result, but the downturn will give large suites an advantage. Only productivity tools that carve out new niches or address new challenges will have a chance. Startups building new categories are more likely to surviveWhile the downturn makes it harder for productivity and collaboration startups to grow, experts say it's not impossible. Many of the most popular productivity startups address collaboration problems that aren't solved by the existing software tools or are creating a new category of workplace tools. Companies like Miro, Figma, and Canva are creating a new category of visual collaboration tools aimed at remote teams.

A "good" internet speed usually runs at least 25 megabits per second, but it really depends on what you use the internet for. Try to upgrade your internet hardware at least once every three years to stay at the highest internet speeds. What makes a good internet speedIn general, you can measure internet speed in two ways: Bandwidth and latency. Ask a hundred people what a good internet speed is, and you'll get a hundred answers. This is because there isn't any one perfect internet speed — how much speed you need depends on what you use the internet for, and how many devices you have.

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