Business
- El Pais
Levi’s tightens its belt to add flare to its jeans
informed Summary
- Pop star Katy Perry was seen at the Coachella festival wearing baggy jeans, which -- according to various fashion magazines -- are making a comeback. This trend is being capitalized on by Levi Strauss & Co., which is focusing on baggy pants and denim skirts in its efforts to retain consumers.
Business4 min read - CNBC
How climate change is beginning to be built into employee pay and benefits
informed Summary
- More employees are seeking "green" perks as part of their job benefits, with a focus on commuting as a way to reduce carbon footprints. These benefits could include facilitating eco-friendly modes of transportation, such as biking or electric vehicles.
Business5 min read - TIME
What it's like to have a four-day workweek
informed Summary
- There is a growing trend among major companies -- including Panasonic, Kickstarter, and ThredUp -- to adopt a four-day workweek. This is being advocated by groups such as 4 Day Week Global, which promotes the "100-80-100 rule": achieving 100% productivity in 80% of the time, while still earning 100% of regular pay.
Business7 min read - El Pais
A journey to the heart of China’s ‘new productive forces’
informed Summary
- iFlytek, a leading Chinese AI company, has developed a simultaneous interpretation system that can translate into more than 80 languages almost instantly. The company also launched Spark Desk, an AI tool designed to compete with ChatGPT, which can perform tasks such as generating stories, recommending travel destinations, solving mathematical problems, and managing emails.
Business7 min read - Vox
The lies that sell fast fashion
informed Summary
- The fast fashion industry is under scrutiny for its poor labor practices, environmental damage and waste production, with brands like Shein continuing to thrive despite public awareness of these issues.
Business1 min read - CNBC
Want to buy a 1-euro home in Italy? The best advice from three people who did it
informed Summary
- Sicilian towns have been selling off abandoned homes starting at 1 euro each, attracting many foreign buyers. However, the cost is largely symbolic because there are additional expenses such as realtor's fees and deed costs.
Business5 min read - CNN
What’s wrong with Tesla?
informed Summary
- Tesla's sales have declined significantly, with the company blaming a weak Chinese economy, arson at its German factory, and supply constraints caused by the to conflict in the Middle East. However, new competitors entering the market and Tesla's failure to introduce new products quickly enough are also factors.
Business4 min read - Neue Zürcher Zeitung
Can chocolate made in Africa survive the competition?
informed Summary
- Alain Porquet and Julien Marboeuf have founded a startup called Cocoaïans with the aim of turning Ivory Coast -- the world's largest cocoa producer -- into a chocolate-making nation. Currently, the country exports 70% of its cocoa harvest unprocessed as beans, with only 7% of the income from the cocoa business remaining in the country.
Business9 min read - El Pais
The music stock market: Investing in Shakira and Neil Young’s hits
informed Summary
- Hipgnosis Song Management, a British fund that owns rights to 65,000 popular songs, is facing a crisis of confidence due to financial setbacks and a drop in the value of its music assets. The company's revenue has fallen by about a fifth this year, and its stock price has declined by 50% over two years.
Business4 min read - Vox
Truth Social just made Trump billions. Will it solve his financial woes?
informed Summary
- Donald Trump's net worth has increased to around $7.5 billion since Trump Media, the parent company of his social network Truth Social, went public. His stake in the company is worth about $4.8 billion at its current stock price.
Business4 min read - TIME
How is Trump's Truth Social worth billions? Theories abound
informed Summary
- Investors approved a plan to take Donald Trump's social media platform public, increasing his net worth by billions. The company behind Trump's Truth Social started trading on the Nasdaq exchange on Tuesday.
Business3 min read - CNN
Trump’s Truth Social is now a public company. Experts warn its multibillion-dollar valuation defies logic
informed Summary
- Trump Media & Technology Group, the owner of social media platform Truth Social, has carried out an IPO, marking the first time in nearly 30 years that part of Donald Trump's business empire has gone public. The stock surged about 56% at the open, stabilizing at around $70 -- a 40% increase from Monday's close.
Business6 min read - CNN
Boeing CEO Dave Calhoun to step down in wake of ongoing safety problems
informed Summary
- Boeing CEO Dave Calhoun announced his intention to leave the company by the end of the year, along with Boeing's chairman, Larry Kellner, and the head of the commercial airplane unit, Stan Deal. Kellner will be succeeded by former Qualcomm CEO Steve Mollenkopf, while Stephanie Pope, Boeing’s chief operating officer, will replace Deal.
Business6 min read - CNN
Apple customers love Apple. The Biden administration thinks they could do better
informed Summary
- The U.S. Justice Department has filed a lawsuit against Apple, accusing the tech giant of maintaining a monopoly that stifles competition, limits consumer choice, and forces customers to pay more.
Business3 min read - CNBC
Why a small China-made EV has global auto execs and politicians on edge
informed Summary
- The BYD Seagull, a small all-electric hatchback built in China, is causing concern in the global automotive industry due to its price of less than $10,000 and the potential for it to disrupt domestic auto industries worldwide.
Business6 min read - CNN
‘Black is beautiful’: Why Nigerians think their Guinness is better than Ireland’s
informed Summary
- Nigerian Guinness is different from Irish Guinness, with a higher sugar content and a higher alcohol content of 7.5% compared to the Irish 4.2%. It is described as having a weightier, smoother taste and a frothier head.
Business6 min read - NBC
Looking for leads, not love: Job seekers in China turn Tinder into a networking tool
informed Summary
- Young Chinese job seekers are using dating apps like Tinder to connect with professionals in their desired industries due to fierce competition and a scarcity of job opportunities.
Business4 min read - Euronews
Shein ads could soon be banned in France under new fast fashion bill
informed Summary
- France's parliament has voted in favour of a bill to crack down on fast fashion, which includes banning fast fashion adverts and imposing penalties on low-cost clothing for its environmental impact. The bill will now proceed to the Senate for further voting.
Business4 min read - CNN
Boeing’s got serious problems. The solution has baffled everyone
informed Summary
- Boeing's reputation has been significantly damaged over the past six years due to a series of mid-flight disasters and a steady erosion of the company’s quality standards. This has led to a revolt from regulators, airlines, passengers, and even Boeing’s own workers.
Business4 min read - BBC
Not all employers are tolerating Gen Z's laid-back language
informed Summary
- Gen Z's casual communication style is causing tension in workplaces, with some employers viewing it as unprofessional. This is particularly challenging for younger workers who value authenticity and self-expression, and who have grown up with less exposure to formal communication due to the influence of social media.
Business6 min read
