Mexican food companies look north in search of fatter profitsPEOPLE HAVE to eat, so food firms the world over give reassuringly consistent profits, even in lean times. Mexico is no different. The country’s 126m people buy $55bn-worth of packaged food annually. Sales of such fare have been growing quickly, notes Euromonitor, a research firm. Between…
THE PANDEMIC is throwing up a new set of ethical issues for businesses. The premise of “stakeholder capitalism” is not just that firms should consider the interests of employees and customers, as well as shareholders. It is that, by doing so, everyone gains; shareholders will prosper if workers and customers are treated decently. But the…
March 02, 2021 Chad Sanders, a former tech executive and entrepreneur, says that people of color, especially Black men like him, often feel the need to assimilate to white corporate culture. They learn to code switch and downplay their race. But Sanders realized a few years into his career that, by trying to fit in,…
Technology is shattering legacy financial systems that can’t keep pace with market demand — and Brex is at the forefront. It’s one of fintechs buzziest startups, aiming to rebuild B2B financial products starting with corporate cards for technology companies. The company was quietly launched in 2017 by Henrique Dubugras and Pedro Franceschi, two 22-year-old engineers…
Google AI firm DeepMind discussed a partnership with Hampton Creek on a new food division in 2016. Hampton Creek famously produced vegan products like eggless mayo and nearly imploded in 2017. Suleyman presented the plans internally but the new division never got off the ground, sources told Insider. Visit the Business section of Insider for…
AI-powered food supplements were floated during secret talks between Google AI lab DeepMind and food startup Hampton Creek. The brief discussions involved launching a futuristic food division, but the plan never went ahead. Insider got the lowdown on the proposed tie-up between DeepMind and Hampton Creek and you can read the full story here. Visit…
Christian Bale as Michael Burry in “The Big Short.” YouTube/The Big Short Michael Burry owns a stake in Volkswagen’s largest shareholder, Porsche SE.”The Big Short” investor is betting Volkswagen can beat Tesla in electric vehicles.Burry said he was short Elon Musk’s car company in December.Visit the Business section of Insider for more stories.Michael Burry holds…
After almost a full year of grappling with the effects of the Covid-19 pandemic, including nearly nine months of virtual school, 11-year-old London Loree simply …
For many teens, the pandemic has created an environment in which most of their lives take place in the shadows.
