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Davos 2023: The World Economic Forum explained
  + stars: | 2023-01-16 | by ( Siddharth K | ) www.reuters.com   time to read: +4 min
DAVOS, Switzerland, Jan 16 (Reuters) - The World Economic Forum (WEF) returns to its snowy winter residency in the Swiss Alps this week with a record attendance of business and government leaders. The WEF's roots stretch back to 1971 when its founder Klaus Schwab invited executives from European companies to the then tiny ski resort of Davos, high in the Swiss Alps. With climate change top of the agenda, chiefs of major energy companies are back after a COVID-related hiatus. Others include IMF Managing Director Kristalina Georgieva, European Central Bank chief Christine Lagarde, NATO General Secretary Jens Stoltenberg, President of the European Commission Ursula von der Leyen and Chinese Vice-Premier Liu He. Climate change topped the WEF's survey of global risk and energy company executives will mix with climate activists and environment ministers at the forum.
CNBC obtained copies of Hasbro's reformed licensing agreements — open game license 1.1 and an FAQ section for OGL 2.0. Leaders in the Dungeons & Dragons community greeted the news of the delay with cautious optimism. The attempt to create a new game license comes as Wizards of the Coast looks capitalize on a surge in popularity of Dungeons & Dragons. Chaotic neutralThe reworking of Hasbro's open game license is not an unexpected move for the business, MKM's Handler said. There were growing concerns that the community would fracture if publishers were forced to move away from the Dungeons & Dragons game mechanics to develop their own gaming systems.
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.
India's Mamaearth parent files for IPO - draft prospectus
  + stars: | 2022-12-29 | by ( ) www.reuters.com   time to read: +2 min
[1/2] Indian skincare startup Mamaearth's products are on display for sale at a wholesale shop in Ahmedabad, India, June 22, 2022. REUTERS/Amit DaveBENGALURU, Dec 29 (Reuters) - Parent of Indian personal care products startup Mamaearth, Honasa Consumer Ltd, on Thursday filed for an initial public offering (IPO), according to draft papers submitted to the market regulator. The Sequoia- and Sofina-backed company's IPO will comprise of a fresh issue of shares worth 4 billion rupees ($48.30 million) and an offer for sale of 46.8 million shares. Reuters had reported in June that Mamaearth was in talks to raise at least $300 million for the IPO scheduled for 2023. Honasa said it would use about 1.86 billion rupees from the IPO for advertising expenses.
Cormac McCarthy Loves a Good Diner
  + stars: | 2022-12-19 | by ( Dwight Garner | ) www.nytimes.com   time to read: +1 min
Cormac McCarthy has long presented himself as a man of simple appetites. Diners — which he sometimes calls cafeterias or lunchcounters or drugstores — are all over the place in McCarthy’s fiction. The existential cowboys in McCarthy’s Border Trilogy novels, set out on the frontier, consume many of their meals fireside. Here too, though, hash houses are timeless way stations. The meals are, in this writer’s hands, private acts in public spaces.
Persons: Cormac McCarthy, Richard B, Woodward, McCarthy, Suttree ”, Organizations: The New York Times Magazine Locations: El Paso
Russia is rapidly expending its stockpiles of munitions, the top US intelligence official said. In dealing with limited precision munitions, Russia has turned to Iran and North Korea for support. Avril Haines, the director of national intelligence, told the Reagan National Defense Forum on Saturday that Russia is burning through its munitions stockpiles "quite quickly," though she did not elaborate on any precise figures. "And of course, we've indicated that their precision munitions are running out much faster. These kamikaze drones, as they have been called, are cheaper than precision munitions, making them a suitable though less destructive supplement as Russia's stockpiles run low.
Here's how one non-profit, Native Women Lead, is enabling Indigenous women's economic mobility:'It's up to use to close the racial wealth gap'Native Women Lead was founded in 2017 by eight Native American women entrepreneurs: Jaime Gloshay, Kalika Davis, Lisa Foreman, Kim Gleason, Vanessa Roanhorse, Alicia Ortega, Stephine Poston and Jaclyn Roessel. That conversation inspired the creation of Native Women Lead, an Albuquerque-based non-profit that aims to help Indigenous women entrepreneurs across the world access the capital, mentors, financial education and support needed to thrive in their careers and narrow the wealth gap. To date, Native Women Lead has provided about $500,000 to 65 Indigenous women entrepreneurs through the two funds, partnering with credit unions and investing firms such as Nusenda Credit Union and ImpactAssets to connect entrepreneurs with capital. While closing the wealth gap might start with funding opportunities, Native Women Lead views wealth as "more than just revenue or profits," Stephine Poston, one of the group's co-founders, says. Keeping this in mind, Native Women Lead offers wellness-focused retreats for Indigenous women as well as fireside chats on self-care practices, healing from trauma and other mental health topics.
DWAC needed 65% of its shareholders to approve an extension of the deadline to merge with Trump Media until September 2023. If a merger were to take place, it would give hundreds of millions of dollars in funding to Trump Media. Internal documents have shown that Trump Media also considered mergers and partnerships with other right-wing-friendly platforms, including Rumble and Parler. Over the weekend, Elon Musk, the new owner of Twitter, reinstated Trump on the social media platform. The special purpose acquisition vehicle has also been dealing with the fallout from a Trump Media executive's whistleblower complaint to federal regulators.
Gas prices have soared to record levels over the last year as higher global demand has been intensified in Europe. LISBON, Portugal — The U.K. should embark on a "vaccination-style" effort to address surging energy prices and prevent future energy crises from happening, according to the boss of gas and electricity supplier Ovo Energy. That's even after a cap on consumer energy bills was imposed by the government in early September. Between July 2021 and May 2022, 29 U.K. energy suppliers — including Bulb, once the seventh-biggest — have collapsed. After a deal to acquire the retail arm of Scottish firm SSE Energy , Ovo became the second-largest supplier of energy to households in the U.K.
Early last month, members of Amazon's secretive in-house research lab, Grand Challenge, were called into an unexpected video meeting. Weibel announced 3 of the 5 projects Grand Challenge was working on would shut down, effective immediately. When other team employees wanted to collaborate with the team, they needed additional approvals from its leadership. Amazon Glow was among the Grand Challenge projects to be discontinued at the end of this year. Getting support promoting Grand Challenge projects was a challenge too.
SHANGHAI, Nov 8 (Reuters) - The Shanghai Stock Exchange (SSE) kicks off on Wednesday a week-long global conference to promote China's capital markets, according to an official agenda, the latest in a flurry of activities by regulators to woo international investors. Participants at the annual SSE Global Investor Conference, to be held Nov. 9-16, and closed to the media, include Chinese regulators, executives from global banks and asset managers such as abrdn, Deutsche Bank and PIMCO. At the Global Financial Leaders' Investment Summit in Hong Kong last week, the country's senior financial regulators reaffirmed China's commitment to economic growth as a priority. Senior Chinese officials also sent similar messages at the China International Import Expo over the weekend. In the "fireside chat" section, senior officials from China's securities and foreign exchange regulators will talk about promoting the opening-up of China's capital market, and facilitating cross-border investment.
Elon Musk told his followers on Monday to elect a Republican Congress in the midterm elections. In August, Musk was reportedly a VIP guest of House GOP Leader Kevin McCarthy at his annual donor retreat. Musk announced in May that he would vote Republican in the upcoming election cycle after years of voting for Democrats. Responding to Musk's tweet, Punchbowl News founder Jake Sherman tweeted that Musk has "long been friendly with Kevin McCarthy." Reuters journalist Kanishka Raj Singh dug up a tweet from Musk in April in which he said Twitter should be politically neutral.
A Doug Mastriano rally in Bucks County, Pennsylvania, featured praying and wading into culture wars. National and state Republican donors and groups have offered little support to his candidacy. "He's just been there the whole time," a Mastriano voter in Bucks County who only identified himself as Jeremy, told Insider. "You can't get your message out one-on-one to voters," Josh Novotney, a Pennsylvania GOP strategist, told Insider. "It's a different tactic and I pray it works," Joe Vichot, chairman of Lehigh County's GOP, told Insider.
On Thursday, the billionaire investor Vinod Khosla spoke about reducing costs in healthcare. Vinod Khosla thinks the best way to disrupt healthcare is to change how it's paid for at the primary-care level. The billionaire investor and founder of Khosla Ventures said he thought that in the next decade, primary care should cost as little as $1 to $5 per visit. "If you change the definition of primary care from what is today's primary care, or urgent care mostly, to a much-broader definition where your hypertension is managed in primary care, where your diabetes is managed in primary care, you will see that take over and affect the core total cost of care downstream," he said. For instance, a company like Oak Street Health can operate primary care at a loss because it makes money if its patients stay healthy.
Investors on Friday pulled down expectations the Federal Reserve will issue another rate hike of 75 basis points in December and beyond. The probability of another jumbo-sized rate hike at the end of the year fell to 45% from 75% on Thursday. The moves were sparked after a report from the Wall Street Journal and comments by Fed official Mary Daly. The probability of a rate increase of 50 basis points in December, meanwhile, rose to 51.8% from 24.2% on Thursday. Looking ahead into the first meeting of 2023, the odds of a rate hike of 75 basis points fell to 13.7% from 38.2% a day earlier.
Amazon, Google, Microsoft, and Facebook have scaled back their ambitious "moonshot" projects. Moonshots like Google X and Amazon Grand Challenge allowed tech firms to build innovative projects. Before Amazon, Parviz led a similar team at Google called Google X. Page and Brin championed X projects they loved, helping them gain funding and headcount within the unit. Parviz, who created the once-hyped-up Google Glass, left Google X in 2014 to start Amazon's Grand Challenge.
After 28 years, 'Day 2' finally arrives at Amazon
  + stars: | 2022-08-24 | by ( Eugene Kim | ) www.businessinsider.com   time to read: +11 min
Amazon is known for "Day 1" culture, maintaining a nimble mindset found on a startup's first day. This is a big challenge facing Amazon CEO Andy Jassy, who replaced founder Jeff Bezos last year. On May 26, Amazon retail CEO Dave Clark held a fireside chat with employees at an internal event called Fishbowl. But 28 years on, Day 2 has finally arrived, according to more than a dozen current and former Amazon employees who cited problems including a stodgy engineering culture, extra management layers, and rising red tape. "Historically Amazon was one of the best places for builders, but now when people want to build, they leave Amazon," this person said.
Upcoming live events at Insider
  + stars: | 2022-01-19 | by ( Business Insider | ) www.businessinsider.com   time to read: +6 min
Below is a list of our upcoming in-person and virtual events, including exclusive fireside chats, compelling panels, and reporter Q&As. Featured Events for Sustainability & Climate ActionInsider Introducing the Optimist's Destination for Climate ActionApril 10, 2023 | 3 PM ETDetails to come! InsiderFor a Better Future: Bridging Culture, Business, and ClimatePresented by DeloitteApril 25, 2023 | 12 PM ETDetails to come! Panelists from Tinuiti, Jungle Scout, Bobsled Marketing, and Cure Hydration will discuss what this trend means — watch hereHow advertisers can navigate the death of the third-party cookie. To submit a potential speaker for an upcoming event, please complete this form.
Joi, pe 24 iunie te așteaptă o discuție sinceră alături de oameni noi, împreună cu antreprenorul Tudor Darie. A fost implicat în crearea și dezvoltarea de echipe, a ocupat poziții de conducere și a negociat contracte de investiții. Aici vei avea ocazia de a interacționa și de a afla totul despre experiența și viziunile lui Tudor Darie. Startup Grind Chișinău este pilonul local al comunității globale Startup Grind, care s-a lansat în Moldova în luna mai 2016 și este susținut de acceleratorul de afaceri și inovație Dreamups, partener general Orange Systems. Alătură-te și tu Startup Grind Chișinău și fă-ți prieteni noi, împărtășește experiențe și contribuie la dezvoltarea comunității locale de antreprenori și startup-uri.
Persons: Tudor Darie ., Tudor, Tudor Darie, August Organizations: Orange Systems, Google Locations: Republicii Moldova, St, Moldova
The Keynote by CNBC Events
  + stars: | 2020-01-06 | by ( ) www.cnbc.com   time to read: 1 min
Get a front row seat at CNBC's events and hear directly from the visionary executives, innovators, leaders and influencers taking the stage at CNBC's live events series, including Evolve, @Work, and more. Hear the best sound from the fireside chats, keynote talks, and panels, with added, behind-the-scenes commentary from the moderators and interviewers who were on stage at the event, and other CNBC beat reporters close to the action. For more information on joining us for conversations with visionary leaders, visit www.cnbcevents.com.
Tiger Qie, VP of Didi Chuxing and CTO of Didi's Ride sharing Business Group, speaks with CNBC's Arjun Kharpal onstage at the East Tech West event in, Guangzhou, China. Didi Chuxing, the Chinese ride-hailing company, is set to launch a so-called robo-taxi service in Shanghai "very soon." "We are going to launch a robo-taxi service in Shanghai very soon," Tiger Qie, Didi's vice president and chief technology officer of its ride-sharing unit, said onstage at CNBC's East Tech West event in Guangzhou, China. "Autonomous vehicles and human-driven vehicles are going to co-exist," Qie said in a fireside chat with CNBC's Arjun Kharpal. Didi has grown rapidly since it was founded in 2012, with 550 million users currently registered with its platform.
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