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☆ UBS loses bid to stop Chinese businessman's $500 mln London lawsuit
▼ + stars: | 2023-03-01 | by ( Sam Tobin | ) www.reuters.com time to read: +2 min

LONDON, March 1 (Reuters) - UBS (UBSG.S) faces a $500 million lawsuit in London brought by an exiled Chinese businessman after an appeal court on Wednesday rejected the Swiss bank’s latest attempt to have the case thrown out. UBS had previously told a lower court that the claims are denied in their entirety. Lawyers representing Guo and Ace Decade did not immediately respond to a request for comment. Judge Geoffrey Vos said in the written ruling on Wednesday that “the damage caused to Ace Decade and (Guo) occurred in London when the H-shares ... were sold by UBS London”. “UBS London significantly participated in the events which have given rise both to the claim and to the loss claimed.”Reporting by Sam Tobin; additional reporting by Kirstin Ridley.

☆ ATP roundup: Daniel Evans falls in Doha
▼ + stars: | 2023-02-22 | by ( ) www.reuters.com time to read: +2 min

February 22 - Finland's Emil Ruusuvuori took down sixth seed Daniel Evans of Great Britain 7-5, 6-4 in their first-round match at the Qatar ExxonMobil Open on Tuesday in Doha. Ruusuvuori fired seven aces and won 29 of 38 first-service points (76.3 percent), holding on for the victory even as Evans saved six of 10 break points and converted both his opportunities to break Ruusuvuori. 7 seed Richard Gasquet of France battled past countryman Laurent Lokoli 7-6 (5), 2-6, 7-6 (5). 556 Alves, who had five aces and saved five of nine break points in his tour-level debut before the suspension. Daniel Elahi Galan of Colombia and Juan Pablo Varillas of Peru were also winners Tuesday before the rain arrived.

☆ Cybersecurity firm Darktrace hires EY to review financial processes after damning short seller report
▼ + stars: | 2023-02-20 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

LONDON — Cybersecurity firm Darktrace on Monday said it has appointed auditing firm EY to review its "key financial processes and controls," in a bid to soothe investor fears after a short seller accused the company of manipulating its accounts. "The Board believes fully in the robustness of Darktrace's financial processes and controls. EY will report to the chair of Darktrace's audit and risk committee, Paul Harrison, Darktrace said. Darktrace shares rose more than 2% Monday on the heels of the announcement. The firm said it was "deeply skeptical about the validity of Darktrace's financial statements" and believed sales and growth rates may have been overstated.

☆ Jobs of the Future: ChatGPT, AI Will Create Careers That Need Humans
▼ + stars: | 2023-02-12 | by ( Paris Marx | ) www.businessinsider.com time to read: +14 min

Automation technology has ushered in a fleet of secret workers behind screens, machines, and smiling robot faces. On the AI side, tools like ChatGPT have been used to write real articles and take college exams. Truck drivers are still in high demand, and self-driving technology is nowhere near replacing human jobs. The human behind the curtainAmid the fear-mongering about a robot takeover, people often miss the degree to which machines still require human workers in order to function. Maja Hitij/Getty ImagesThese technologies are often deployed to de-skill work — jobs are broken down into more specific tasks and can be done with less training.

☆ AI startup Cohere in talks to raise funding at $6 bln plus valuation -sources
▼ + stars: | 2023-02-06 | by ( Krystal Hu | ) www.reuters.com time to read: +4 min

Generative AI aims to make human-like creations through computer code that has processed vast amounts of data. FOCUS ON NLPFocusing on training natural language processing (NLP) models, Cohere competes with a group of foundation model providers such as OpenAI and Anthropic. Gomez said the company differentiates itself by focusing on serving enterprise users, and Cohere has been talking to companies from marketing, consulting and tech to help them incorporate generative AI. Cohere is powering some consumer applications including Hyperwrite, which helps people write faster and generate articles using AI. Other foundation model providers such as Anthropic is also in talks to raise funding at multi-billion valuations, investor sources said.

When Mr. Nichols could not comply — and even when he managed to — the officers responded with escalating force. The review of the available footage found that officers shouted at least 71 commands during the approximately 13-minute period before they reported over the radio that Mr. Nichols was officially in custody. The orders were issued at two locations, one near Mr. Nichols’s vehicle and the other in the area he had fled to and where he would be severely beaten. Officers commanded Mr. Nichols to show his hands even as they were holding his hands. But The Times’s review shows that the officers did the exact opposite, over and over.

☆ Michael Haight is accused of killing his wife and 5 kids in a brutal Utah familicide. Police reports suggest he had a troubling pattern of aggression toward children.
▼ + stars: | 2023-01-28 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +13 min

Police say Michael Haight, 42, shot and killed his wife, Tausha Haight, 40, her mother, Gail Earl, 78, and the couple's five children, three girls, and two boys ages 4 to 17, before committing suicide. The couple had five children: Macie Haight, 17, Briley Haight, 12, Ammon Haight, 7, Sienna Haight, 7, and Gavin Haight, 4. The officer told her there was no indication Michael Haight would respond with violence, according to the report. At some point prior to the massacre, Tausha Haight told family members that her husband removed all the firearms from the home, her sister-in-law, told the AP. Park said he last met with Tausha Haight on Tuesday, January 3 — the day before the family's bodies were discovered.

☆ Tyre Nichols’ brutal beating by police shown on video
▼ + stars: | 2023-01-27 | by ( ) www.cnbc.com time to read: +6 min

The Nichols family legal team has likened the assault to the infamous 1991 police beating of Los Angeles motorist Rodney King. Security camera footage shows three officers surrounding Nichols as he lies in the street cornered between police cars, with a fourth officer nearby. The body camera footage shows a first-person view of one of them reaching down and tying his shoe. The footage shows a number of other officers standing around after the beating. During the traffic stop, the video shows the officers were "already ramped up, at about a 10," she said.

☆ Unlimited vacation is a scam unless managers fight burnout culture
▼ + stars: | 2023-01-16 | by ( Marguerite Ward | ) www.businessinsider.com time to read: +5 min

Unless managers encourage vacation, workers too often don't take the days they should. While the growth of unlimited PTO might seem like a big win for workers, research and commentary from workplace experts suggest unlimited vacation is often, well, limiting. Geoffrey James, a contributing editor for Inc. and author of several business books, called unlimited PTO "the scam of the century." "Unlimited vacation time is classic bait-and-switch," he wrote, explaining his experience with having the benefit. Some employers have learned about the shortcomings of unlimited vacation through experience and have walked back their policies.

☆ Atletico Madrid held to 1-1 draw by Almeria
▼ + stars: | 2023-01-15 | by ( ) www.reuters.com time to read: +2 min

Jan 15 (Reuters) - Atletico Madrid were held to 1-1 draw by Almeria in LaLiga on Sunday in another disappointing showing for Diego Simeone's team who ended the match with 10 men after Sergio Reguilon was sent off in the dying minutes. Atletico, who have won only one of their last six LaLiga games, are fourth in the standings on 28 points, level with Villarreal and Real Betis. Almeria were arguably the better side for most of the match and climbed to 13th, three points clear of the relegation zone. Atletico started well and Angel Correa gave them the lead in the 18th minute. Toure almost gave Almeria the lead early in the second half but his close-range shot was blocked by a defender near the goalline.

☆ Risk to terminal rates in the UK still 'anchored firmly to the downside,' BNY Mellon says
▼ + stars: | 2023-01-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRisk to terminal rates in the UK still 'anchored firmly to the downside,' BNY Mellon saysGeoffrey Yu, senior EMEA market strategist at BNY Mellon, shares his views on the U.K.'s positive economic surprise and the outlook for the FTSE 100 after China's reopening.

☆ Exxon Mobil accurately predicted warming since 1970s, study finds
▼ + stars: | 2023-01-12 | by ( Associated Press | ) www.nbcnews.com time to read: +7 min

This was during the same time that the oil giant publicly doubted that warming was real and dismissed climate models’ accuracy. Exxon said its understanding of climate change evolved over the years and that critics are misunderstanding its earlier research. The Exxon-funded science was “actually astonishing” in its precision and accuracy, said study co-author Naomi Oreskes, a Harvard science history professor. And I’d say in that sense, our analysis really seals the deal on ‘Exxon knew’,” Supran said. “It was clear that Exxon Mobil knew what was going on,” Wuebbles said.

☆ Exxon predicted global warming with remarkable accuracy years ago, study shows
▼ + stars: | 2023-01-12 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +4 min

"We now have airtight, unimpeachable evidence that ExxonMobil accurately predicted global warming years before it turned around and publicly attacked climate science and scientists. Our findings show that ExxonMobil's public denial of climate science contradicted its own scientists' data," Supran told CNBC. They were surprised to discover is the extent and accuracy of Exxon's knowledge of climate science. That gave me pause, seeing quantitatively that Exxon didn't just know some climate science, they helped advance it," Supran told CNBC. "They didn't just vaguely know 'something' about global warming decades ago, they knew as much as independent academic and government scientists did.

☆ Exxon accurately predicted global warming from 1970s but still cast doubt on climate science, new report finds
▼ + stars: | 2023-01-12 | by ( Laura Paddison | ) edition.cnn.com time to read: +7 min

CNN —ExxonMobil’s own scientists accurately predicted future global warming in reports dating back to the late 1970s and early 1980s, despite the company publicly continuing for years to cast doubt on climate science and lobby against climate action, according to a new analysis. They found the company’s science was not only good enough to predict long term temperature rise, but also accurately predicted when human-caused climate change would become discernible, according to the report published Thursday in the journal Science. Between 63% to 83% of the projections were accurate in predicting subsequent global warming and their projections were also consistent with independent academic models, the report found. Exxon won the case, which alleged the company had misled over climate change. Angela Weiss/AFP/Getty Images“We now have tight, unimpeachable evidence that ExxonMobil accurately predicted global warming years before it turned around and publicly attacked climate science,” Supran said.

☆ ExxonMobil's secret projections of the climate crisis were astonishingly accurate, and a legal expert says that's 'a stick of dynamite' for the oil giant's court battles
▼ + stars: | 2023-01-12 | by ( Morgan Mcfall-Johnsen | Paola Rosa-Aquino | ) www.businessinsider.com time to read: +8 min

ExxonMobil scientists knew about the coming climate crisis in precise detail, a Harvard study found. The analysis is "dynamite" for an array of lawsuits against ExxonMobil, legal experts told Insider. A growing wave of 'unassailable' evidence suggests Exxon lied about what it knewDespite having accurate predictions about global warming, the oil giant denied it would happen. That's exactly the track global warming is on right now. Those "stranded assets" are now a real possibility, due to global climate goals outlined in the Paris Agreement.

☆ Most therapeutic areas back to pre-pandemic levels, says Medtronic CEO
▼ + stars: | 2023-01-10 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMost therapeutic areas back to pre-pandemic levels, says Medtronic CEOGeoffrey Martha, Medtronic CEO, joins 'TechCheck' to discuss future of the company and his outlook for 2023.

☆ These are the top 10 safest airlines in the world for 2023—see which U.S. carrier made the list
▼ + stars: | 2023-01-10 | by ( Celia Fernandez | ) www.cnbc.com time to read: +1 min

This month, AirlineRatings.com announced its safest airlines for 2023. The study looked at 385 airlines at the forefront of safety, innovation, and launching new aircraft. According to a press release, the study analyzed the following to determine the safest airlines in 2023:crashes over five yearsserious incidents over two yearsaudits from aviation's governing bodies and lead associationsfleet ageexpert analysis of pilot trainingCOVID protocolsIt's important to note that although Alaska Airlines was the only U.S. carrier to land the top 10, Hawaiian Airlines, United Airlines, American Airlines, and Delta Air Lines did make the top 20. "However, all airlines have incidents every day, and many are aircraft or engine manufacture issues, not airline operational problems. It is the way the flight crew handles these incidents that determines a good airline from an unsafe one," AirlineRatings.com editor-in-chief Geoffrey Thomas says.

A Utah man fatally shot his family of seven in a home Wednesday and then himself, authorities said. A home where eight people were found dead in Enoch, Utah, on Jan. 4, 2023. Enoch City Mayor Geoffrey Chestnut said the incident has shaken the tight-knit community of about 7,500 residents. Enoch City Police Chief Jackson Ames said police had been involved with some investigations with the family a couple of years prior, but declined to elaborate. A law enforcement official stands near the front door of the Enoch, Utah, home where eight family members were found dead from gunshot wounds, on Jan. 4, 2023.

☆ A columnist easily tricked Elon Musk's new Twitter verification system by posing as a US senator
▼ + stars: | 2023-01-05 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +3 min

Posing as US Senator Ed Markey, he paid $8 for a Twitter Blue account. Instead, he wanted users to be able to pay for verification through Twitter Blue. At that time, Fowler created his first fake verified Markey account, saying it took mere "minutes." In November, Twitter put Twitter Blue on hold, with Musk saying the platform needed more time to safeguard against impersonation with "high confidence." To help ensure the credibility of paid users, Twitter now asks them to connect a phone number to their accounts, among other requirements.

☆ The top 20 safest airlines in the world for 2023, according to experts
▼ + stars: | 2023-01-04 | by ( Taylor Rains | ) www.businessinsider.com time to read: +5 min

AirlineRatings.com has revealed the 20 safest airlines in the world for 2023, which includes five from the US. The website also revealed the top 20 safety low-cost carriers — another five of which were from the US. He also noted that the safety margins between the top 20 carriers were "very small," and that they are "all outstanding airlines." Meanwhile, the same five US carriers that made the list last year — Alaska Airlines, Hawaiian Airlines, United Airlines, American Airlines, and Delta Air Lines — maintained their spots in 2023. The organization also published the world's 20 safest low-cost carriers, which included five US carriers — Allegiant Air, Frontier Airlines, JetBlue Airways, Southwest Airlines, and Spirit Airlines.

☆ Germany hands over 20 looted Benin Bronzes to Nigeria
▼ + stars: | 2022-12-20 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Lisi NiesnerABUJA, Dec 20 (Reuters) - Germany has handed over 20 Benin Bronzes from its museums to Nigeria, German Foreign Minister Annalena Baerbock said on Tuesday, making it the latest European country to return cultural artefacts to their African homeland. Germany had agreed to start returning Benin Bronzes held in its museums last year. Earlier this year, Germany signed a declaration with Nigeria to release all 1,130 Benin Bronzes - actually copper alloy relief sculptures, many showing court figures - in German public museums. The returns are likely to increase pressure on the British Museum in London, which holds by far the largest and most significant collection of Benin Bronzes. Nigeria's information minister called on the British Museum to release the more than 900 Benin Bronzes it has.

☆ Bank of America sees a super volatile year ahead but has 2 stock-buy strategies so you can sleep at night
▼ + stars: | 2022-12-06 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

"We expect another volatile year and recommend owning High Quality stocks … But today's High Quality stocks look different than a few years ago (e.g. The oil refiner posted third-quarter earnings and revenue that beat Wall Street's expectations in October. The health insurer beat analysts' expectations with its third-quarter earnings report in November. Walmart's strength in its third-quarter earnings came from its food business, which is bigger than Target's. Walmart's per-share earnings beat expectations , while Target reported a third-quarter earnings miss and profit that fell by about 50%.

☆ World Cup 1950: When the US beat England in the greatest sporting upset of all time
▼ + stars: | 2022-11-24 | by ( Ben Morse | ) edition.cnn.com time to read: +10 min

CNN —On one side of the pitch was a team made up some of the biggest names in world soccer. Described as a “real bunch of ragamuffins” by the author Geoffrey Douglas, the US beat a star-studded England side 1-0 at the 1950 World Cup. I mean, a plucky group of underdogs just beat what was generally universally recognized as the best team in the world,” Holroyd told CNN Sport. PA Images/ReutersAnd so when the 1950 World Cup approached, there was little national interest or coverage of the US’ participation. On the other side of the pond, hopes were sky high for a star-studded England team.

☆ Gen Z's finances are already tanking, and we're not even in a recession yet
▼ + stars: | 2022-11-23 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +5 min

Credit card debt is on the rise, and Gen Z is missing payments at an increasing rate. If the US enters a recession, young Americans could be disproportionately impacted. Consequently, the personal savings rate rose to its highest level on record. That's because young Americans are among the individuals hardest hit by economic downturns. In 2020 for instance, Gen Z's unemployment rate rose from 8.0% in February 2020 to 26.9% in April, while millennials' increased from 4.0% to 14.3%.

☆ Margot Robbie says her 'Pirates of the Caribbean' spinoff was canceled by Disney
▼ + stars: | 2022-11-14 | by ( Scottie Andrew | ) edition.cnn.com time to read: +2 min

The Oscar nominee said the “Pirates of the Caribbean” spinoff in which she was set to star has been canceled. Robbie said work had stopped on the planned “Pirates” film because Disney didn’t want to move forward with it, according to her Vanity Fair cover story. Robbie and Hodson were first attached to the project in June 2020, one of two planned “Pirates” films, the Hollywood Reporter said at the time. The film series’ producer Jerry Bruckheimer confirmed Robbie’s involvement as recently as May of this year. The original “Pirates” film series was loosely inspired by the Disney theme park ride of the same name and starred Johnny Depp as Captain Jack Sparrow.

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