Monthly Archive: November 2020

This new VR simulator helps you prepare for the most awkward office encounters

Hugo is furious.

He’s sitting across from me, arms crossed, face scowling, exuding bad energy. Sitting next to him is Maia. She’s signing the praises of a third colleague Denise, who is up for a promotion. “She gets glowing reviews from her supervisors. She’s clearly overdue for this promotion. I’ve worked a lot with her and think she’s ready.”

Hugo does not agree. “I have a lot of reservations about Denise,” he says. “In a recent meeting she just shut me down. She’s so…aggressive. And that accent….”

“Okay…let’s not get personal, and instead focus on her work accomplishments!,” I hear myself say in a pitched tone my children would be familiar with. “Have you seen her run meetings before, and what has your impression been?,” I say, gesturing to the woman and suddenly fumbling both their names. My blood pressure begins to rise. Hugo continues to glower … Read More

Ethiopia’s PM relishes victory, but Tigrayan leader says war not over By Reuters

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© Reuters. FILE PHOTO: Debretsion Gebremichael, Tigray Regional President, attends the funeral ceremony of Ethiopia’s Army Chief of Staff Seare Mekonnen in Mekele

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ADDIS ABABA/NAIROBI (Reuters) – Ethiopia’s Prime Minister Abiy Ahmed lauded his soldiers on Monday for victory over a rebellious northern movement, but the leader of Tigray’s forces said they were still fighting amid fears of a protracted guerrilla conflict.

The nearly month-long war has killed hundreds and probably thousands, sent refugees into Sudan, enmeshed Eritrea, affected a peacekeeping mission in Somalia, and deepened divisions between Ethiopia’s myriad ethnic groups.

Abiy’s troops took Tigray’s capital Mekelle at the weekend and declared defeat for the Tigray People’s Liberation Front (TPLF), a guerrilla movement-turned-political party that dominated national government for nearly three decades until 2018.

“Our constitution was attacked but it didn’t take us three years, it took us three weeks,” Abiy told parliament, comparing his offensive with

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Bet on these stocks for the millennial-powered COVID recovery, says Goldman’s Katie Koch

Encouraging vaccine news has Wall Street searching for stocks to play the rebound—scouring the market for names that have been beaten up amid the pandemic but poised to boom once things return to normal.

Katie Koch, cohead of fundamental equity at Goldman Sachs Asset Management, is feeling bullish on trades that bank on a surge in pent-up demand among an increasingly powerful cohort of spenders: Millennials.

Koch calls them the “world’s most powerful consumer,” and believes the group will become “increasingly dominant” in the marketplace over the next 10 years. But these millennials aren’t all materially obsessed, she argues.

“This is a generation of people that value experiences over things,” Koch tells Fortune. Those experiences, namely concerts and travel, have been “off limits” this year, but she believes “not only is it going to go back to normal, it may actually supersede that for some period of time … Read More

Swiss Responsible Business vote set to fail after missing regional majority By Reuters

© Reuters. FILE PHOTO: A small banner reading: “Responsible Business Initiative – Yes on November 29” is fixed to the frame of a bicycle in Zurich

By Brenna Hughes Neghaiwi

ZURICH (Reuters) – A vote setting up Swiss companies for higher scrutiny over human rights and environmental abuses looked set to fail on Sunday, according to early counts, despite backing from nearly half the population in a historically divisive vote.

In a referendum on Sunday, voters are choosing between proposals by the Responsible Business Initiative (RBI) to extend companies’ liability over human rights abuses and environmental harm caused abroad, and a milder government version.

The government proposal would force firms to step up checks on their overseas operations and supply chains, but stops short of extending liability to Swiss courts.

Demonstrating unusual support for a politically and economically progressive initiative in the traditionally staid country, just under 50% of voters

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SoftBank stock rides Uber and DoorDash to 20-year high

SoftBank Group Corp. rose to a fresh 20-year high as the recent stock market surge boosted the value of holdings like Uber Technologies Inc. and brightened the prospects for portfolio companies going public.

The U.S. ride-hailing pioneer recovered from stumbles after its initial public offering last year and its shares have gained more than 70% this year. Softbank’s 13% stake is worth about $11 billion. The Japanese company is also a major shareholder in U.S. delivery giant DoorDash Inc., which filed to go public this month. SoftBank’s stock gained 2.3% to 7,250 yen on Friday, the highest level since March of 2000 in the midst of the dot-com boom.

Citigroup Inc. earlier this week raised its target price on SoftBank to 11,000 yen from 10,200 yen, citing improved earnings prospects at the Tokyo-based company’s investments business. Nomura Holdings Inc. raised its target to 9,100 yen from 8,190 yen citing the … Read More

Chinese police seized crypto assets worth $4.2B today from PlusToken Ponzi By Cointelegraph

Chinese police seized crypto assets worth $4.2B today from PlusToken Ponzi

The PlusToken controversy, which has led to the arrest of 109 individuals so far, has also reportedly resulted in a titanic seizure of crypto assets by Chinese authorities worth $4.2 billion at today’s prices.

According to court filings released publicly on Nov. 19 and posted by The Block, authorities seized a staggering 194,775 (BTC), 833,083 Ether (ETH), 1.4 million (LTC), 27.6 million , 74,167 , 487 million , 6 billion Dogecoin (DOGE), 79,581 (BCH) and 213,724 Tether (USDT) from seven individuals convicted in the case.

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