Facebook job offers ‘shunned by top talent after data scandal’

Recruiters reportedly say social network has suffered major decline in interest from top US schools The fallout from the data of up to 87m users of the social according to 3 million users in Europe after the Cambridge Analytica scandal. Facebook has led such calls on the US presidential campaign trail. The former UK deputy prime minister and Facebooks head of global affairs, Nick Clegg, Original Article : HERE ; This post was curated & posted using : RealSpecific

Trump defends China tariffs and claims ‘great patriot farmers’ will reap benefits

Trump promises new deal with China can be reached soon after Chinese retaliation prompted huge stock market sell-off Donald Trump world. In a series of tweets, Trump promised a new deal with China would be reached soon and made a case for how farmers would benefit from a tariff increase that many of them oppose. If China stops buying American farm products because of tariffs, Trump said, farmers will be compensated. This money will come from the massive tariffs being paid to the United States for allowing China, and others, to do business with us. The farmers have been forgotten for many years. Their time is now! The long-running trade dispute between the US and China escalated on Friday after …

Dyson patents reveal plans for electric car with off-road potential

Innovative vehicle, which is being designed in England, is due to go on sale in 2021 The first drafts of Dysons closely guarded electric car designs have emerged, showing a vehicle with unusual proportions that could be used off-road. The patent filings are the first clue to what the outspoken supporter of Brexit, provoked anger by announcing last year that the car would be new plant in Singapore, because Dyson believes there is a bigger market for electric vehicles in Asia. However, he maintains the car is a British project, with the design, engineering and testing of prototypes being carried out at Hullavington airfield, where hangars have been converted to house the project. In an email sent to more than …

Great fanfare as Uber gets its stock on the road, but app stalls in New York

Could this be the moment the sentiment on Wall Street turned against the tech sector? Ubers stock market debut came with all the usual razzmatazz of a big American technology IPO. The chief executive spent weeks making sweeping statements about how the business was just getting started and had new worlds to conquer everything from pizza delivery to international freight. In the background, investment bankers whipped up buyers for the transportation stock of the 21st century. And, when immediately went into reverse. Priced at $45 a share, valuing Uber at $80bn (61.4bn ), the stock opened at $42 and closed at $41.51. True, the taxi-hailing app firm turned out to have picked a poor day to list the wider market …

Vinyl revival: is there an environmental cost to record sales?

Many records selling at their highest rate for decades are PVC, which is to be banned in the EU For an event dedicated to the vinyl revival, the setting couldnt be more appropriate. In the mid-70s David Bowie sat in the same wood panelled room of Berlins Meistersaal, recording Low and Heroes. Hed look out on to the nearby GDR watchtower and the joke was that the border guards would be listening in on the recordings, Eduard Meyer, Bowies sound engineer recalls. A little over 40 years on, the big hall by the wall, as Bowie nicknamed it, is full of mostly greying men in suits discussing how to make vinyl great again. There are sessions on everything from the …

The price of plenty: how beef changed America

The long read: Exploitation and predatory pricing drove the transformation of the US beef industry and created the model for modern agribusiness The meatpacking mogul Jonathan Ogden Armour could not abide socialist agitators. It was 1906, and Upton Sinclair had just published The Jungle, an explosive novel revealing the grim underside of the American meatpacking industry. Sinclairs book told the tale of an immigrant familys toil in Chicagos slaughterhouses, tracing the familys physical, financial and emotional collapse. The Jungle was not Armours only concern. The year before, the journalist Charles Edward Russells book The Greatest Trust in the World had detailed the greed and exploitation of a packing industry that came to the American dining table three times a day …

Apple finds wearable gimmicks really count as iPhone slips

As sales of its signature product peak a big change in strategy has emerged in the form of the Apple Watch and AirPod If Apple wants to prove to doubters that there is life beyond the iPhone, then the wrists and ears of millions of customers could provide the answer. Twelve years from the launch of Steve Jobss signature product, Apple wearables and the services that tie in to them have emerged as an important component of the tech giants profile, accounting for more than a third of sales in the last quarter. Last week Apples chief executive, Tim Cook, reported that sales in its wearables division which includes products from the Apple Watch to wireless headphones grew at a …

US economic growth stronger than expected despite weak demand

Stockpiling by businesses helps provide growth of 3.2% in first quarter of 2019 US economic growth surged in the first three months of the year to 3.2% as the dispelled concerns the US economy was heading into recession as early as the summer, as some analysts had feared,after a slowdown last year. But analysts said the Federal Reserve, which has put interest rate hikes on hold, was unlikely to view the figures as the beginning of an economic boom and reverse its current policy. In January, the US central bank suspended its three-year push to tighten monetary policy, saying it would pause further rate hikes this year. The Fed increased borrowing costs four times to a range of 2.25 to …

This is Marriott’s answer to Airbnb

New York (CNN Business)Airbnb is disrupting the hotel industry, but the online rental site is getting some unexpected competition from the world’s biggest hotel chain. “The launch of Homes & Villas by Marriott International reflects our ongoing commitment to innovation as consumer travel needs evolve,” said Stephanie Linnartz, Marriott’s chief commercial officer, said in a release. Judging by the focus on upscale properties, Marriott’s new service is more of a competitor against Airbnb’s “Plus” service, which offers similar properties to rent in ritzy places like Italy’s Almafi Coast. Marriott operates 7,000 properties, including W Hotels, the Ritz-Carlton and Courtyard brands. It has locations in 130 countries, which amounts to more than 1 million rooms. Airbnb has 6 million listings in …

The future of Lululemon: Men’s clothes, shampoo and bags

New York (CNN Business)Lululemon pulled in $3.3 billion in sales last year. But to become bigger, Lululemon will reach beyond its strength in women’s yoga pants. Lululemon will also strike more partnerships with companies like SoulCycle, expand its bag selection, and start selling deodorants, moisturizers and shampoo under a new “Selfcare” product initiative. “We believe Lululemon has a unique opportunity to push beyond traditional expectations,” McDonald said Wednesday. The plan marks a new phase for Lululemon, which went public more than a decade ago. It weathered founder Chip Wilson’s messy departure from the company, as well as its former CEO’s resignation last year over misconduct. Looking to stay hot Lululemon (LULU) has been one of the hottest retail stocks over …

Brexit will slow UK economy for rest of 2019, forecaster warns

Uncertainty over future will cut growth and prevent interest rate rise, says EY Item Club The slow-burn impact of hunt for his successor last week. Despite a robust start to the year, the EY Item Club, the only forecasting group to use the Treasurys model of the economy, said GDP growth had been artificially high due to an unprecedented since August last year throughout 2019. However, it added that a 25 basis point hike over the summer to 1% could not be ruled out, if the economy continued to show resilience and the labour market strengthened further. Economic growth in Britain remained subdued but more robust than expected as the initial Brexit deadline of 29 March loomed, despite a slowdown …

Iran will continue to defy US oil sanctions, says Tehran

Foreign minister says US should prepare for consequences if it tries to stop Iranian oil sales The Iranian foreign minister, Javad Zarif, has said Tehran will continue to defy US sanctions by finding buyers for its oil and warned that Washington should be prepared for the consequences if it tries to stop it. The US announced the sanctions in November but some countries got temporary waivers that allowed them to import Iranian oil. Washington now says those waivers, which mainly affect China, India, Japan, South Korea and Turkey, Trumps sanctions in the hope that the presidential elections in 2020 will bring a Democrat to office willing to revert to the 2015 deal. Most Democratic presidential candidates have said they will …

The world’s biggest metal exchange is getting serious about child labor and conflict minerals

London (CNN Business)The world’s biggest metal exchange is changing its rules to combat child labor, money laundering, bribery and corruption. He said the exchange is adopting the standards because “it’s the right thing to do” and because “the value of our market is based on providing metal which is acceptable to those consumers.” The London Metal Exchange has come under increasing pressure after a 2017 Amnesty International report found child labor and human rights abuses at cobalt mines in the Democratic Republic of Congo. The country is responsible for roughly half of the world’s production of cobalt — some of which is traded on the London exchange and later used to produce batteries for smartphones and electric cars. Media and …

Starbucks’ big rival in China plans to list in New York

Hong Kong (CNN Business)Starbucks big rival in China just announced plans to go public in the United States. The rapid of ascent of Luckin to challenge Starbucks shows how Chinese upstarts are increasingly rivaling Western brands in one of the world’s top consumer markets. Luckin said Monday it had been boosted by huge growth in coffee consumption in the world’s second-biggest economy to more than 8.7 billion cups last year, While both Starbucks and Luckin serve coffee, the similarities largely end there. Unlike Starbucks’ trademark coffee shops, most of Luckin’s outlets are tiny booths in out-of-the-way spots that take orders online for both delivery and pickup. More important, Luckin has placed technology at the heart of its business from the …

Deutsche Bank is on the ropes without a plan to fight back

London (CNN Business)Deutsche Bank is in rough shape and its leadership has gone silent on their plans for the future. “You should also not draw any conclusion from this unwillingness to comment,” he added. Shares in Deutsche Bank (DB) dropped over 3% in Frankfurt, pushing losses over the past year to nearly 40%.Investors clearly want Sewing to be more forthcoming about what happens next, but he did not provide details. “[It’s] too early to share a detailed update on our thinking,” he said. The struggle Deutsche Bank has struggled to find direction in the years following the global financial crisis, embarking on a series of overhauls that have failed to yield consistent profits. Its problems were on full display in …

Capitalism is failing workers. People want a job with a decent wage why is that so hard? | Richard Reeves

The workings of capitalism have been challenged both from the populist right and the socialist left. At the heart of the discontent in the US is faltering wages, writes Richard Reeves Before capitalism, there was work. Before markets, before even money, there was work. Our remotest ancestors, hunting and gathering, almost certainly did not see work as a separate, compartmentalized part of life in the way we do today. But we have always had to work to live. Even in the 21st century, we strive through work for the means to live, hence the campaign for a living wage. As a species, we like to define ourselves through our thoughts and wisdom, as Homo sapiens. But we could as easily …