Business News – Jobber Wiki

Swiss to Hold News Conference Amid Credit Suisse Troubles

19Mar

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Swiss to Hold News Conference Amid Credit Suisse Troubles

Swiss leaders are holding a news conference Sunday night following several media reports that banking giant UBS is believed to be in talks to acquire its smaller rival Credit Suisse in an effort to avoid further market-shaking turmoil in global banking.The Federal Council, the seven-member governing body that includes Swiss President Alain Berset, is expected to announce that UBS is acquiring Credit Suisse in a potential deal brokered by the Swiss government.The 167-year-old Credit Suisse already received a $50 billion (54 million Swiss francs) loan from the Swiss National Bank, which briefly caused a rally in the bank's stock price. Yet the move did not appear to be enough to stem an outflow of deposits, according to news reports.Still, many of Credit Suisse’s problems are unique and d...

2 Foreign Tourists Die in Kenya Nature Reserve Crash

12Mar

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2 Foreign Tourists Die in Kenya Nature Reserve Crash

NAIROBI, Kenya (AP) — Two foreign tourists, German and Swiss nationals, have died after the vehicle they were traveling in veered off the road and overturned in Kenya’s Maasai Mara national reserve, police said Sunday.The crash happened after the vehicle car got stuck in the mud and veered off the road on Saturday, police said.One other tourist was injured and two others, a German and a Swiss national, escaped unhurt. They were part of a tour group, but it wasn't immediately clear who was driving the vehicle.The injured tourist was airlifted to a hospital in Kenya’s capital, Nairobi, Maasai Mara Chief Warden Stephen ole Mining said.Police spokesperson Resila Onyango said the crash was under investigation.Political Cartoons on World Leaders Political CartoonsMaasai Mara national reserve ...

Mine Collapse in Northeastern Spain Leaves 3 Workers Trapped

9Mar

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Mine Collapse in Northeastern Spain Leaves 3 Workers Trapped

MADRID (AP) — Three workers were trapped deep underground in a potash mine in northeastern Spain on Thursday, authorities said.The three were working at the Cabanasses de Súria mine around 80 kilometers (50 miles) from Barcelona. A regional police official in Catalonia said that land collapsed inside the mine just before 9 a.m. (0800 GMT; 3 a.m. EST), and that a rescue mission was underway.Firefighters tweeted that the collapse occurred at a depth of 900 meters (nearly 3,000 feet), and that they were on the scene.The mine is operated by the Iberpotash company, and owned by Tel Aviv-based ICL Group.Copyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.Political Cartoons on World Leaders Political Cartoons So...

Musk Taunts Wheelchair-Bound Twitter Employee He Laid Off

7Mar

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Musk Taunts Wheelchair-Bound Twitter Employee He Laid Off

SAN FRANCISCO (AP) — If you're not told you are fired, are you really fired? At Twitter, probably.Haraldur Thorleifsson, who until recently was employed at Twitter, logged in to his computer last Sunday to do some work — only to find himself locked out, along with 200 others.Instead, after nine days of no answer from Twitter as to whether or not he was still employed, Thorleifsson decided to tweet at Musk to see if he could catch the billionaire's attention and get an answer to his Schrödinger’s job situation.“Maybe if enough people retweet you’ll answer me here?” he wrote on Monday.Political CartoonsEventually, he got his answer after a surreal Twitter exchange with Musk, who proceeded to quiz him about his work, question his disability and need for accommodations (Thorleifsson has mus...

Best Buy and Atrium Health set in-home hospital care deal

7Mar

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Health

Best Buy and Atrium Health set in-home hospital care deal

Best Buy's Geek Squad will install health-care devices that power a hospital at home program for Atrium Health, a North Carolina-based nonprofit.Best BuyBest Buy is best known for installing TVs and home theater systems. Now, its Geek Squad is helping to set up virtual hospital rooms.The consumer electronics retailer said Tuesday it has struck a three-year deal with Atrium Health, a North Carolina-based health-care system, to help enable a hospital-at-home program. Atrium Health is part of Advocate Health, one of the country's largest health-care nonprofits.Best Buy's Geek Squad will go to patients' homes, set up technology that remotely monitors their heart rate, blood oxygen level or other vitals and train the patient or others in the home how to use the devices. The data would then b...

Biden Will Seek Medicare Changes, up Tax Rate in New Budget

7Mar

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Biden Will Seek Medicare Changes, up Tax Rate in New Budget

WASHINGTON (AP) — President Joe Biden wants to increase taxes to boost funding for Medicare and expand the program’s ability to negotiate lower costs for prescription drugs, according to advance details on his budget proposal that will be released later this week.The Democratic president outlined his plan in a guest essay in The New York Times on Tuesday, writing that “Medicare is more than a government program. It’s the rock-solid guarantee that Americans have counted on to be there for them when they retire.”Biden is scheduled to release his budget proposal on Thursday in Philadelphia. Pushing the proposal through Congress will likely be difficult, with Republicans in control of the House and Democrats with only a slim majority in the Senate.The Medicare tax rate would rise from 3.8% ...

Biden Administration Releases New Cybersecurity Strategy

2Mar

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Biden Administration Releases New Cybersecurity Strategy

WASHINGTON (AP) — The U.S. government plans to expand minimum cybersecurity requirements for critical sectors and to be faster and more aggressive in preventing cyberattacks before they can occur, including by using military, law enforcement and diplomatic tools, according to a Biden administration strategy document.The Democratic administration also intends to work with Congress on legislation that would impose legal liability on software makers whose products fail to meet basic cybersecurity safeguards, officials said ahead of the document's release Thursday.The strategy largely codifies work that has already been underway during the last two years over a spate of high-profile ransomware attacks on critical infrastructure. An attack on a major fuel pipeline that caused panic at the pu...

Commerce Dept. Issuing Aid to Build Computer Chip Plants

28Feb

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Commerce Dept. Issuing Aid to Build Computer Chip Plants

WASHINGTON (AP) — The Commerce Department is opening the application process for computer chip manufacturers to access $39 billion in government support to build new factories and expand production.The funding is part of the CHIPS and Science Act, which President Joe Biden signed into law last August. Grants, loans and loan guarantees are meant to revive domestic production of computer chips.The effort is designed to sharpen the U.S. edge in military technology and manufacturing while minimizing the kinds of supply disruptions that occurred in 2021, after the start of the coronavirus pandemic, when a shortage of chips shut down factory assembly lines and fueled inflation.“This is fundamentally a national security initiative,” Commerce Secretary Gina Raimondo said as the application proc...

Divided Cyprus’ New President Scopes Out Peace Talks Reset

23Feb

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Divided Cyprus’ New President Scopes Out Peace Talks Reset

NICOSIA, Cyprus (AP) — The new president of Cyprus is meeting informally with the leader of the breakaway Turkish Cypriots on Thursday to test the waters on reviving stalemated talks to end the island’s ethnic division that has been a source of instability in the east Mediterranean for decades.The meeting, hosted by the head of the U.N. peacekeeping mission on the island, will be the first for President-elect Nikos Christodoulides following his election victory earlier this month. The fact that it’s taking place even before Christodoulides formally assumes office on March 1 aims to underscore a campaign pledge to keep a peace deal as an overriding priority.But the meeting itself is no harbinger of a breakthrough anytime soon, because seemingly insurmountable obstacles still stand in the...

Reprieve Sought for Cattle on Eve of US Shooting Operation

22Feb

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Reprieve Sought for Cattle on Eve of US Shooting Operation

ALBUQUERQUE, N.M. (AP) — Ranchers are asking a U.S. district judge to delay what they describe as a potential mass slaughter of as many as 150 “unauthorized” cows on public land in southwestern New Mexico.Plans by the U.S. Forest Service call for shooting the cattle with high-powered rifles from a helicopter and leaving the carcasses in the Gila Wilderness. Critics say that could result in an estimated 65 tons of dead animals being left in the forest for months until they decompose or are eaten by scavengers.Officials closed a large swath of the forest Monday and were scheduled to begin the shooting operation Thursday. After hearing hours of arguments Wednesday, Judge James Browning said he would review the case and make a decision before the end of the day.The New Mexico Cattle Growers...