Staffers at Airbnb might have found themselves in an unofficial work pairing courtesy of a practice adopted by the company’s CEO, Brian Chesky. Chesky, who co-founded the short-term accommodation site in 2008, recently said he has an “informal” habit of pairing people on his team to provide them with another layer of support. Speaking on the ‘ReThinking with Adam Grant’ podcast recently Chesky, who is worth $11.8 billion according to the Bloomberg Billionaire’s Index, said he will often mold duos out of his new hires. “Four years ago we hired two creative directors, they worked together as a duo. One’s…
Author: insighter
Novo Nordisk’s Wegovy weight loss drug has seen a meteoric rise in popularity. Nurphoto | Getty ImagesLONDON — The rapid rise of weight loss drugs like Wegovy and Mounjaro is generating a host of new product lines as companies hope to land on the right side of the health care disruptor.Industries spanning food and beverage to retail and fitness have come under the spotlight amid surging demand for Novo Nordisk and Eli Lilly’s so-called miracle drugs over concerns that they could dramatically shift consumer habits.However, some companies say they are embracing the newfound market opportunity.Dutch Bioscience firm DSM Firmenich told CNBC…
The Credit Suisse Group AG headquarters in Zurich, Switzerland, on Thursday, Aug. 31, 2023. Bloomberg | Bloomberg | Getty Images A group of Credit Suisse bondholders filed a lawsuit against the Swiss government, seeking full compensation over the contentious decision to write down the failed bank’s Additional Tier 1 (AT1) debt. As part of Credit Suisse’s emergency sale to UBS last year, which was orchestrated by the Swiss government, Swiss regulator Finma wiped out roughly $17 billion of the bank’s AT1s, writing them down to to zero. The bank’s common shareholders received payouts when the sale was completed. The move…
The largest union at Samsung Electronics Co. went on a strike for the first time in the company’s 55-year history, with the standoff over pay so entrenched that the two sides have stopped all discussions. The National Samsung Electronics Union, the largest of the tech giant’s several unions with some 28,400 workers, encouraged members to take a single day off on Friday, which falls between a Thursday public holiday and the weekend. They plan to resume normal work hours next week. “This is a soft start and a symbolic move,” Lee Hyun-kuk, deputy secretary general of the union told Bloomberg…
Saurabh Netravalkar of USA celebrates after USA defeat Pakistan in a super over during the ICC Men’s T20 Cricket World Cup West Indies & USA 2024 match between USA and Pakistan at Grand Prairie Cricket Stadium on June 6, 2024 in Dallas.Matt Roberts | ICC | Getty ImagesThe USA caused a huge, historic shock in the T20 World Cup with a thrilling Super Over win over Pakistan in Texas.The game went to the extra over after both sides made 159 in their 20 overs at Grand Prairie Stadium, with tournament co-hosts and debutants USA scoring 14 in the final over…
Chinese electric car company Nio launched its lower-cost brand Onvo on Wednesday, May 15, 2024, in Shanghai, China.CNBC | Evelyn ChengBEIJING — Chinese electric car company Nio plans to expand to the Middle East this year, CEO William Li said on an earnings call Thursday, at a time when rivals have been increasing their global footprint.The nearly 10-year-old company will also start shipping its lowest-cost brand, Firefly, in the first half of next year, Li said.Nio, which recently received funding from Middle East-based investors, saw record-high deliveries of 20,544 vehicles in May.The U.S.-listed Chinese company, which has been operating at…
If you’ve been dreaming about visiting Europe this summer and eating gelato in Italy or visiting the Basílica de la Sagrada Familia in Spain, good news: Airfare is down 8% compared to this time last year, according to Hopper’s 2024 Summer Travel Outlook. And once you’re in Europe, you may be able to save money if you travel by train. Traveling by train in Europe is convenient and sustainable. Plus, some trains, like the Glacier Express in Switzerland, are designed to travel through scenic destinations so you can sightsee while you relax.If you’re considering incorporating train travel into your European…
Tesla’s former audit committee chair and a prominent clean technology venture investor said he wouldn’t back Elon Musk’s $56 billion pay package and he understands why other investors will vote against the CEO’s pay proposal next week. “Look, Elon’s done an extraordinary job; he’s built one of the transformational companies of the age. But to ask for a $55 billion pay increase at precisely the time when you’ve missed quarterly numbers, growth is slowing down, and you’ve laid off 15% of the workforce is, I’d say, hubris to say the least.” That’s according to Steve Westly, who spoke on CNBC…
Alibaba.com is a platform run by the Chinese e-commerce company of the same name that focuses on overseas business customers.Sopa Images | Lightrocket | Getty ImagesBEIJING — Chinese e-commerce giant Alibaba is ramping up its global expansion with new services aimed at attracting small businesses in the U.S. and Europe.Alibaba.com — the company’s business-to-business platform which sells to companies outside China — announced Thursday it’s launching “Alibaba Guaranteed” to provide greater certainty on delivery, payments and dispute settlement.The platform is part of Alibaba’s fast-growing international business, which also sells directly to consumers overseas through sites such as AliExpress.While consumers in…
The San José Mineta International Airport is located in San Jose, California, in the middle of Silicon Valley. If you find yourself traveling into or out of this airport, you may be wondering if there are any lounges in which to relax and avoid the crowds. There are currently three lounges from which to choose. Below, we’ll dive into all you need to know about the lounges at the San Jose airport.About San Jose airport loungesThe San Jose airport doesn’t have any airline-affiliated lounges. There are two lounges open to travelers regardless of which airline they’re flying, while the other…
Alphabet incoming CFO Anat Ashkenazi, who spent 23 years at Eli LillyEli LillyAlphabet’s outgoing finance chief, Ruth Porat, spent the past year and a half trying to help her internet company navigate the generative artificial intelligence boom. The person who was just named her successor was knee-deep in a very different phenomenon: anti-obesity drugs.Alphabet announced on Wednesday that Eli Lilly Chief Financial Officer Anat Ashkenazi will be its new CFO after an almost year-long search. During that time, Ashkenazi has managed the books at the world’s most valuable drugmaker, which has seen so much demand for weight loss treatments Mounjaro…
The birth rate in Japan is so low that its biggest city’s government is going to desperate measures to help couples find love. The Tokyo metropolitan government’s latest out-of-the-box idea is to play Cupid by launching a dating app, and it has already allocated $1.28 million to debut it by the end of the summer, Japanese newspaper The Asahi Shimbun reported. Unlike other dating services, the government-sponsored project has strict measures in place to address a serious concern for people searching for love online: authenticity. More than half of dating-app users said they had experienced someone misrepresenting their marital status…