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☆ Benioff vs. Benioff
▼ + stars: | 2023-04-28 | by ( Ashley Stewart | Ellen Thomas | ) www.businessinsider.com time to read: +29 min

Within Salesforce, Benioff riffs are at times met with backlash from an angry workforce. "You're not going to fire your family during times of need," a former Salesforce executive told Insider. "I don't think they understand Ohana," Benioff told Insider. "Look, we have to be the example of stakeholder capitalism," Benioff told Insider. A 'New Day' at Salesforce"I use the Japanese principle of shoshin, beginner's mind," Benioff told Insider in a phone interview in March.

☆ Korea’s Stock Market Shines Even as Economy Dims
▼ + stars: | 2023-04-26 | by ( Frances Yoon | ) www.wsj.com time to read: 1 min

Inside a dealing room at Hana Bank in Seoul on April 25. Photo: yonhap/ShutterstockShould a slowing economy lead to a weak stock market? Not judging by the performance of South Korea’s benchmark index this year. The country’s stock market is the best performer in Asia and one of the top indexes in the world so far this year. The Kospi Composite Index has risen more than 11% since Jan. 1, fueled by a rally in the shares of big technology companies like Samsung Electronics Co. and SK Hynix Inc., which together account for a fifth of the index.

☆ In Egypt's 'Garbage City', a charity teaches children to recycle
▼ + stars: | 2023-03-28 | by ( ) www.reuters.com time to read: +2 min

Now 34, she runs a charity that encourages children in the area to make creative and positive use of their environment by exploring the space and recycling. [1/3] Teresa Saeed, 34, founder of charity "Mesaha" known as "Space" in Arabic, works with children to collect materials from rubbish to recycle in Cairo's Zabaleen known as "Garbage City", in Manshiyat Nasser, Cairo, Egypt March 17, 2023. REUTERS/Hana Habib 1 2 3Saeed's charity Mesaha, the Arabic word for space, runs weekly recycling activities for 150-200 children aged 6-15. "These activities help children connect with their environment and think outside the box," Saeed said. "I dream that those children will grow to be leaders of change in their future professions or wherever they go" she said.

☆ Sam Bankman-Fried's companies racked up a $400,000 DoorDash bill, documents show, after reportedly giving staff $200 a day to spend on food deliveries
▼ + stars: | 2023-03-17 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Court documents filed Wednesday show Sam Bankman-Fried's companies spent over $400,000 with DoorDash. FTX US gave employees $200 of DoorDash food credit every day, the FT previously reported. The documents filed in the Delaware bankruptcy court on Wednesday show bills of a combined $403,765 from the food delivery firm to FTX entities. The food delivery company is still owed $46,239 by Alameda, the documents show. Former employees previously told the Financial Times that FTX US gave employees $200 of DoorDash food credits a day.

Feb 28 (Reuters) - A panel of outside advisers to the U.S. health regulator on Tuesday recommended Pfizer Inc's (PFE.N) respiratory syncytial virus (RSV) vaccine, bringing it closer to becoming one of the first approved RSV shots for older adults in the United States. GSK (GSK.L), which is another forerunner in a crowded race to develop the first RSV vaccine, will face scrutiny from a panel of experts to the FDA on Wednesday. "The population where the vaccine is going to potentially have the biggest impact is less represented in this study," said Hana Sahly, one of the 12 FDA panelists. The FDA is scheduled to decide on the vaccines by May, and typically follows the recommendations of its independent panel of experts. Pfizer's vaccine was 66.7% effective in preventing RSV-related lower respiratory tract illness with over two symptoms, while GSK's vaccine was 82.6% effective in preventing lower respiratory tract disease in people aged 60 and over.

☆ Japan plans to raise the age of consent from 13 years old in an overhaul of sex crime legislation
▼ + stars: | 2023-02-26 | by ( Isobel Van Hagen | ) www.businessinsider.com time to read: +3 min

The Japanese government has proposed changing its consent age from 13 to 16 years old. If passed, the country will no longer have the lowest age of consent of all G7 nations. The overhaul of Japan's sex crime legislation comes after multiple acquittals in sexual abuse cases. The overhaul of the country's sex crime legislation proposed last week comes after multiple acquittals in sexual abuse cases and high-profile allegations that led to protests and public outrage in 2019. The age of consent is 16 years old in the UK and most states in the US.

Ben-Gvir this week ordered a halt to Palestinian security prisoners working in bread bakeries in two Israeli jails, saying he was cancelling "benefits and indulgences". On Thursday, a state of heightened alert with reinforced staffing levels was imposed, a spokesperson for the prison service said. "He thinks that the prisoners issue is the easiest issue to show he is a serious leader," said Kadora Fares, head of the Palestinian Prisoners Society. Unless the standoff is resolved, he said, Palestinian prisoners will hold a mass hunger strike from March 22, at the start of the Muslim holy month of Ramadan, traditionally a time of heightened tensions. BOILING POINTIsrael holds about 4,700 political prisoners, around 30 of them women, according to the Palestinian Addameer organisation that supports prisoner rights.

☆ Asia-Pacific markets trade mixed as investors digest Fed's smaller quarter-point hike
▼ + stars: | 2023-02-02 | by ( Jihye Lee | ) www.cnbc.com time to read: +1 min

Foreign currency dealers work in a dealing room of Hana Bank in Seoul, South Korea, on Monday, Jan. 3, 2022. South Korea's Kospi advanced as much as 1.1% on the first trading day of 2022 on foreign purchases. South Korea's Kospi rose 0.9% and the Kosdaq gained 1.16%. South Korea's consumer price index rose 5.2% in the first month of 2023 on an annualized basis, ticking upward for the first time in three months, government data showed. The Korean won stood at 1,221.18 against the U.S. dollar while the dollar index fell by a percent to stand at 101.08.

If everyone in the world expertly utilized credit card rewards to travel for free, there wouldn't be such amazing travel opportunities out there. Identify your travel goalsBefore you begin collecting credit card rewards, you should first identify your travel goals. Amex Membership Rewards points Capital One miles Chase Ultimate Rewards points Choice Privileges points Citi ThankYou points Hilton Honors points Hyatt points IHG Rewards points Marriott Bonvoy points Wyndham Rewards pointsYou travel with a large family Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Recommended credit card strategies for beginnersThe best practice for anyone new to credit card rewards is to invest in flexible points. You'll need: An annual fee-incurring Hilton credit card One of the greatest deals in credit card rewards is the free night certificate that comes with select American Express Hilton credit cards.

☆ SAP to cut 3,000 jobs in efficiency move, explores Qualtrics stake sale
▼ + stars: | 2023-01-26 | by ( ) www.reuters.com time to read: +1 min

BERLIN, Jan 26 (Reuters) - SAP (SAPG.DE) on Thursday said it plans to cut 3,000 jobs, or 2.5% of its global staff, and to explore a sale of its remaining stake in Qualtrics to focus on strategic growth areas and operate more efficiently. With the planned job cuts, SAP joins other big tech companies including Microsoft and Amazon in turning to layoffs to cut costs. SAP reported a 30% revenue increase in its cloud business in the fourth quarter, helped by strong demand for its HANA software. Analysts are worried that the lucrative cloud segment for big tech companies could be hit hard as customers look to cut spending. SAP's operating profit grew 17% in the three months through December to 1.71 billion euros ($1.87 billion) on group revenue of 8.44 billion euros, it said.

Morphe Cosmetics, a makeup brand once synonymous with YouTube beauty culture, confirmed Thursday it was shutting down all its U.S. stores — a move that shocked its employees, outraged customers and left some experts questioning the brand’s future. Morphe employees sounded alarm for weeksSome of Morphe's retail employees said it was shocking that the company had laid them off so abruptly — with several employees telling NBC News that they received a day’s notice before losing their jobs. TikToks under the hashtag #justiceformorpheretailemployees have received more than 7.5 million views, although some viral videos about the store closures have been deleted. As of Friday, Morphe employees who spoke with NBC News said they hadn’t received their severance packets yet. The store closures indicate that sales were continuing to flail, Ben-Shabat said.

☆ Samsung's quarterly profit set to hit 6-year low as consumers hunker down
▼ + stars: | 2023-01-05 | by ( Joyce Lee | ) www.reuters.com time to read: +3 min

Samsung, as the world's biggest maker of memory chips, smartphones and TVs, is a bellwether for global consumption trends. That would be Samsung's lowest quarterly profit since the third quarter of 2016 and compares with an operating profit of 13.87 trillion won a year earlier. Operating profit for Samsung's chip business likely tumbled by 78% to 1.9 trillion won, an average of seven analyst estimates showed. It had about 128.82 trillion won ($100.83 billion) in cash as of end-September. Samsung's mobile business is also expected to see profits shrink, with forecasts calling for a 14% fall to 2.3 trillion won for the quarter.

☆ Warner Bros. Discovery salaries revealed: Pay data shows how much the company recently offered for jobs at HBO and more, despite waves of layoffs and cuts
▼ + stars: | 2022-12-20 | by ( Ashley Rodriguez | Elaine Low | ) www.businessinsider.com time to read: +19 min

Insider analyzed new pay data from the entertainment companies, now merged as Warner Bros. Recent salaries ranged from $55 an hour to $300,000 a year for jobs at HBO and other units. The salaries ranged from $55 per hour to $300,000 per year, with a median annual salary of $143,000 to $170,000. For example, Discovery offered an ad sales account manager between $131,458 and $149,000 per year, according to the data. Associate Manager, Brand Marketing/Publishing: $92,518 to $130,011WarnerMedia DirectData Architect: $162,400 to $200,150 median; ranging from $159,800 to $205,000WarnerMedia Services

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In this guide, we'll give you a crash course on how to quickly earn credit card rewards and book free travel. If everyone in the world expertly utilized credit card rewards to travel for free, there wouldn't be such amazing travel opportunities out there. Identify your travel goalsBefore you begin collecting credit card rewards, you should first identify your travel goals. Recommended credit card strategies for beginnersThe best practice for anyone new to credit card rewards is to invest in flexible points. You'll need: An annual fee-incurring Hilton credit card One of the greatest deals in credit card rewards is the free night certificate that comes with select American Express Hilton credit cards.

☆ FTX hired private planes to fly Amazon packages from Miami to staff at its Bahamas HQ because it didn't deliver to the country, report says
▼ + stars: | 2022-11-30 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

The US office's 75 employees could spend $200 a day on DoorDash food delivery – a total of $15,000. And when they realized Amazon didn't cover The Bahamas, deliveries were flown privately from Miami. With around 75 staff based at FTX's American firm per Axios, that would mean a $15,000 allowance in DoorDash food delivery credits every day. After FTX moved its head office from Hong Kong to The Bahamas in September 2021, employees realized that Amazon didn't deliver to the island. In bankruptcy court, it was also revealed that staff submitted expenses through online chat platforms, which were approved with emojis.

☆ From the future of work to algos for home pricing, these are what the brightest young minds in real estate are working on
▼ + stars: | 2022-11-29 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

There's no shortage of ties between Wall Street and real estate. So it's only fitting that we'd highlight Insider's third-annual list of rising stars in real estate. The latter boils down to trying to use tech to automate and innovate a key, but sometimes costly, part of the business, something Wall Street is well versed in. There is Megan LeMense, 34, a former WeWorker who is thinking about the future of the office in her role at Raise Commercial Real Estate. BlockFi is the latest crypto firm caught up in the FTX debacle.

☆ The housing-affordability crisis is sparking startup founders, Wall Streeters, and nonprofit leaders to try to offer new solutions
▼ + stars: | 2022-11-15 | by ( Hana R. Alberts | Jordan Pandy | ) www.businessinsider.com time to read: +6 min

Some innovations may help homebuyers, renters, and investors cope with the affordability crisis. 100 People Transforming Business is an annual list highlighting people across industries who are changing the way the world does business. Mortgage rates have topped 7%, the highest rate in 20 years, which means homebuyers can afford less house for their money. That's why many people and companies in the real-estate industry are trying to help homebuyers, renters, and investors cope with an affordability crisis. That's where the Washington, DC, nonprofit Grounded Solutions Network comes in: It says it helps repurpose "vacant space into vibrant space."

☆ Businesses can achieve sustainability without sacrificing profit. This company is proving it.
▼ + stars: | 2022-11-10 | by ( Sponsor Post | Created Ibm With Insider Studios | ) www.businessinsider.com time to read: +4 min

By going carbon neutral, Bosch is making a significant contribution to the goal of limiting global warming to 1.5 degrees Celsius. A Bosch washing machine Courtesy of BoschSustainability without sacrificing performanceBosch is committed to energy-efficient operations by enabling even greater sustainability across its business. By moving its SAP solutions to IBM Power10 servers, Bosch is developing IoT solutions while slashing data center energy usage by 20% — taking its green strategy to the next level. The company's global SAP solutions are crucial to underpinning these efforts — and transitioning the SAP solution infrastructure to Power10 is an essential part of its long-term IT strategy. "From the moment we onboarded our first customer to the IBM Power E1080, we saw processing performance gains and improvements of roughly 50% in response times."

☆ The K-pop ETF hasn't been doing well, but its creator says Korean content is at 'inflection point'
▼ + stars: | 2022-11-07 | by ( Jihye Lee | ) www.cnbc.com time to read: +4 min

Since its launch on Sept. 1, the KPOP and Korean entertainment ETF has not performed well — recently trading on the New York Stock Exchange Arca at $15.05 — a roughly 23% drop from its debut. Shares of Korean entertainment companies have been underperforming overall, with YG Entertainment's stock price down around 26% year-to-date and Hybe down more than 64% year-to-date. The fund is a 30-stock index, which includes entertainment companies that manage bands such as BTS, BlackPink, and Twice — their respective agencies being HYBE, YG Entertainment, and SM Entertainment. Shares of Korean entertainment companies have been underperforming overall. Johnny Nunez | Getty Images Entertainment | Getty Images

SEOUL, Nov 1 (Reuters) - South Korea's exports in October fell the most in 26 months while a trade deficit persisted for a seventh month, underscoring that Asia's fourth-largest economy is slowing and its currency is hovering near 13-year lows. The outlook remains dark as the global economy is losing momentum on a global wave of policy tightening to contain inflation. A survey by S&P Global of purchasing managers at South Korean manufacturing companies also showed new export orders in October fell for an eighth consecutive month as the global economy is slowing. As a result, the country posted a trade deficit of $6.70 billion, bigger than a shortfall of $3.78 billion in September and the seventh consecutive month of imports outweighing exports. Reporting by Choonsik Yoo and Jihoon Lee; Editing by Rashmi Aich and Gerry DoyleOur Standards: The Thomson Reuters Trust Principles.

Dozens of federal grand jury subpoenas have been issued in the past several months as part of the federal criminal investigation involving several people in New Jersey and the powerful Democratic chairman of the Senate Foreign Relations Committee, Bob Menendez, three people familiar with the matter told NBC News. Two people familiar with the matter said one of the entities involved in the investigation is IS EG Halal of Edgewater, New Jersey. According to a filing by Lustberg, federal agents seized cellphones, computers, tablets, USB drives, business documents, notepads, a photo album, $5,943 dollars in cash, jewelry and Hana’s passport. The court filings do not specify why federal investigators conducted the search, and NBC News could not confirm whether it was tied to the current investigation involving Menendez. Federal prosecutors decided in 2018 not to retry him.

☆ This startup cuts down on the legal costs paid by the likes of Airbnb and LinkedIn. Check out the 9-slide pitch deck Johnson Hana used to raise $10.5 million.
▼ + stars: | 2022-10-25 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +2 min

Johnson Hana has raised 10.5 million euros (around $10.4 million) to take on the legal sector. The startup, used by the likes of Ryanair and Airbnb, aims to dramatically reduce legal costs. Irish legal tech startup Johnson Hana has raised 10.5 million euros (around $10.4 million) to build out its platform which is designed to upend traditional law firms by offering legal services to the likes of LinkedIn and Airbnb at a fraction of the industry cost. Compliance tasks that often form the basis of legal process work are often charged by law firms as advice that demands more input from lawyers, according to Johnson Hana. Check out the 9-slide pitch deck Johnson Hana used to raise the funds below:

☆ How an energy company leveraged tech partnerships to deliver digital services to millions of customers
▼ + stars: | 2022-10-25 | by ( Sponsor Post | Created Ibm With Insider Studios | ) www.businessinsider.com time to read: +4 min

When the COVID-19 pandemic forced Argentinian energy company Ecogas to suspend in-person services for its 1.4 million natural gas customers spread across a distribution network of almost 30,000 kilometers, the company had to act fast to prepare for a surge in demand for its digital channels. Before the pandemic, in-person transactions were the primary touchpoints for energy customers in Argentina. However, Ecogas knew that digital channels could transform the customer experience, so they began a transformation to deliver seamless online and mobile service channels that allow customers to manage their accounts and pay bills. With in-person services suddenly inaccessible, digital channels became the primary customer touchpoint almost overnight. In fact, around 80% of our customers find the online and mobile channels so convenient that they prefer them to the in-branch experience."

☆ How the Warehouse Boom Changed the Way America Looks, Lives, and Works
▼ + stars: | 2022-10-19 | by ( ) www.businessinsider.com time to read: +1 min

As the US emerged from the Great Recession, cheap real estate and the rise of e-commerce collided to create a warehousing boom. Now warehouse boomtowns shoot up in places like California's Inland Empire, Pennsylvania's Lehigh County, and Columbus, Ohio, and the number of warehouse workers has nearly tripled in a decade. Here, Insider explores how the rise of warehouses and warehouse work has changed the US and its citizens as we became a Warehouse Nation. A surge in warehouse workUsing data and on-the-ground reporting, Insider looked at the opportunities and hidden costs of the rise of warehouse work. Read more from 'Warehouse Nation'A look from Insider at how the warehouse boom has reshaped America.

London-based PRI's network of more than 5,000 signatories including Nuveen agree to take steps like urging portfolio companies to disclose more about carbon emissions or workforce diversity. She noted Princeton University recently moved to dissociate its $38 billion endowment from fossil fuel companies. https://bit.ly/3TwDttEA spokesperson for TIAA of New York said it has taken steps including asking portfolio companies to cut emissions. "Large-scale divestments by simply selling fossil-fuel-generating investments to other companies won’t necessarily reduce carbon output," said the spokesperson. Other PRI signatories have also declined to sell off energy stocks.

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