sábado, abril 13

Business

Audemars Piguet’s New C.E.O. Wasn’t an Obvious Choice
Business

Audemars Piguet’s New C.E.O. Wasn’t an Obvious Choice

Connected media - Connected media Innovation — especially in the form of ambitious building projects — has been a running theme at the brand for the past few years. In 2020 in Le Brassus, it opened a museum, the Musée Atelier Audemars Piguet, designed by the Danish architect Bjarke Ingels. A year later, it completed a manufacturing site in Le Locle, another village about a 90-minute drive northeast of Le Brassus. A former Renaud & Papi workshop, the Manufacture des Saignoles now specializes in the brand’s most complicated timepieces. In 2022, the brand opened a luxury hotel, Hôtel des Horlogers, also designed by Mr. Ingels, in a space adjacent to the museum and factory in Le Brassus. And in late 2023, it began construction of a new industrial building in Meyrin, on the outskirts ...
Auto Insurance Spike Hampers the Inflation Fight
Business

Auto Insurance Spike Hampers the Inflation Fight

Linked media - Connected media Job growth, wage growth and business growth are all lively, and inflation has steeply fallen from its 2022 highs. But consumer sentiment, while improving, is still sour. One reason may be sticker shock from some highly visible prices — even as overall inflation has calmed. The cost of car insurance is a key example. Motor vehicle insurance rose 1.4 percent on a monthly basis in January alone and has risen 20.6 percent over the past year, the largest jump since 1976. It has been a huge hit for those driving the roughly 272 million private and commercial vehicles registered in the country. And it has played a part in dampening the “mission accomplished” mood on inflation that was bubbling up in markets at the beginning of the year. According to a recent ...
China Has Thousands of Navalnys, Hidden From the Public
Business

China Has Thousands of Navalnys, Hidden From the Public

Related media - Linked media After watching “Navalny,” the documentary about the Russian opposition leader Aleksei A. Navalny, a Chinese businesswoman messaged me, “Ren Zhiqiang is China’s Navalny.” She was talking about the retired real estate tycoon who was sentenced to 18 years in prison for criticizing China’s leader, Xi Jinping. After Mr. Navalny’s tragic death this month, a young dissident living in Berlin posted on X, “Teacher Li is closest to the Chinese version of Navalny.” He was referring to the rebel influencer known as Teacher Li, who used social media to share information about protests in China and who now fears for his life. There are others: Liu Xiaobo, a Nobel Peace Prize laureate who died in government custody in 2017, and Xu Zhiyong, the legal scholar who is servi...
Boeing Faces Justice Dept. Review Over Max 9 Incident
Business

Boeing Faces Justice Dept. Review Over Max 9 Incident

Associated media - Connected media The Justice Department review was reported earlier by Bloomberg. The episode in January reignited the intense scrutiny and criticism that Boeing faced after crashes in Indonesia in late 2018 and Ethiopia in early 2019 killed a combined 346 people. The Max 8 and Max 9 were banned from flying globally days after the second crash. Since the jetliners started flying again in late 2020, they have carried out several million flights worldwide. The weight of the crisis appeared to be lifting before the January incident. A preliminary report from the National Transportation Safety Board suggested that the plane in that episode may have left Boeing’s factory without bolts needed to secure the panel. The Federal Aviation Administration immediately grounded ne...
FAA Gives Boeing 90 Days to Develop Plan to Address Quality-Control Issues
Business

FAA Gives Boeing 90 Days to Develop Plan to Address Quality-Control Issues

Connected media - Related media The meeting on Tuesday, which took place at the F.A.A.’s headquarters in Washington, came two weeks after Mr. Whitaker toured Boeing’s 737 plant in Renton, Wash. During his visit, Mr. Whitaker spoke with Boeing engineers and mechanics to try to get a better sense of the safety culture at the factory. The F.A.A. said after his visit that Mr. Whitaker planned to discuss what he saw during his visit when he met with Boeing executives in Washington. On Monday, the F.A.A. released a report by a panel of experts that found that Boeing’s safety culture remained flawed, despite improvements made after fatal 737 Max 8 crashes in 2018 and 2019. The report, which was mandated by Congress, had been in the works before the harrowing episode in January involving the...
Divisions Among Finance Ministers Flare Over Seizing Russian Assets
Business

Divisions Among Finance Ministers Flare Over Seizing Russian Assets

Linked media - Linked media “While we should act together and in a considered way, I believe there is a strong international law, economic, and moral case for moving forward,” Ms. Yellen said. But Mr. LeMaire, who spoke just a few hours ahead of a private meeting with Ms. Yellen, pushed back on that assertion. “We don’t have the legal basis to seize the Russian assets and we should never act if we don’t obey by the international law and by the rule of law,” Mr. Le Maire said, according to a recording of his remarks. Western officials have been considering several options for how they can use the approximately $300 billion Russian central bank assets, most of which is held in the European Union, to provide economic and military support for Ukraine. That includes the European Commissio...
Center for Public Integrity Weighs Merger or Shutdown Amid Dire Financial Straits
Business

Center for Public Integrity Weighs Merger or Shutdown Amid Dire Financial Straits

Connected media - Associated media “The board remains committed to C.P.I. and its essential mission, and is working hard to determine the best way forward for our journalism,” the nonprofit said in a statement. The financial peril facing the Center for Public Integrity threatens to extinguish a newsroom of about 30 journalists that has watchdogged powerful institutions for decades. Much of its funding has come from foundations interested in supporting investigative journalism, including the Knight Foundation and the Robert R. McCormick Foundation. As its reserves dwindle, its board of directors is contemplating drastic action to address the situation. The Center for Public Integrity explored a potential combination this year with The Markup, a nonprofit newsroom that publishes invest...
Inquiry Into Ouster of OpenAI’s Chief Executive Nears End
Business

Inquiry Into Ouster of OpenAI’s Chief Executive Nears End

Connected media - Linked media WilmerHale, a prominent U.S. law firm, is close to wrapping up a detailed review of OpenAI’s chief executive, Sam Altman, and his ouster from the artificial intelligence start-up late last year, two people with knowledge of the proceedings said. The investigation, when complete, could give insight into what went on behind the scenes with Mr. Altman and OpenAI’s former board of directors, which fired him on Nov. 17 before reinstating him five days later. OpenAI, which is valued at more than $80 billion, has led a frenzy over A.I. and could help determine the direction of the transformative technology. Mr. Altman, 38, has told people in recent weeks that the investigation was nearing a close, the two people with knowledge of the matter said. The results c...
Donna Summer’s Estate Sues Ye for Sampling ‘I Feel Love’
Business

Donna Summer’s Estate Sues Ye for Sampling ‘I Feel Love’

Related media - Connected media When Ye and Ty Dolla Sign asked last month for permission to sample Donna Summer’s 1977 song “I Feel Love,” the disco singer’s estate firmly told them no. Yet when their joint LP, “Vultures 1,” was released weeks ago, a song with strong similarities to Summer’s famous tune was there on the track list. A copyright infringement lawsuit detailing that timeline was filed against Ye, the rapper once known as Kanye West, and Ty Dolla Sign on Tuesday by Summer’s husband and executor, Bruce Sudano. Summer, known as the “Queen of Disco,” had three consecutive double albums reach No. 1 in the late 1970s and died of cancer in 2012. The lawsuit, filed in federal court in Los Angeles, said that Summer’s estate “wanted no association with West’s controversial histor...
U.S. Proposes New Rules to Ease Flying for Travelers in Wheelchairs
Business

U.S. Proposes New Rules to Ease Flying for Travelers in Wheelchairs

Associated media - Linked media The Biden administration announced on Thursday that it was proposing new regulations for how airlines must treat passengers in wheelchairs, an effort aimed at improving air travel for people with disabilities. Under the proposed rule, damaging or delaying the return of a wheelchair would be an automatic violation of an existing federal law that bars airlines from discriminating against people with disabilities. The Transportation Department said that change would make it easier for the agency to penalize airlines for mishandling wheelchairs. The proposed regulations would also require more robust training for workers who physically assist disabled passengers or handle their wheelchairs. “There are millions of Americans with disabilities who do not trav...