- February 28, 2024
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LG Electronics CEO Jo Joo-wan (from left), Meta CEO Mark Zuckerberg, and LG Group CEO Kwon Bong-seok discussed business at LG Twin Tower in Yeouido, Seoul on the 28th. /LG Electronics
Meta CEO Mark Zuckerberg, who visited Korea for the first time in 10 years, met with executives from LG Electronics and Samsung Electronics and discussed business cooperation in areas such as artificial intelligence (AI) and augmented reality (XR).
As part of his first schedule of the day, CEO Zuckerberg met with LG executives at the LG Twin Tower in Yeouido, Seoul and discussed strengthening partnerships for startups such as XR and AI. Present at the event were LG Group Chief Operating Officer Kwon Bong-seok, LG Electronics President Jo Joo-wan, and AU Business Division Head Park Hyeong-se.
LG Electronics and CEO Zuckerberg held a meeting on the topic of joint development of XR devices. At this event, LG executives wore Meta ‘Quest 3’ MR headsets and ‘Ray-Ban Meta’ smart glasses and shared opinions related to the development of next-generation XR devices.
3 Words Effectively Parry Criticism 2024-02-28 18:00:41
With them, you can end it immediately or even turn it in your favor, say communication experts
“The right person” is the new special project of “24 hours” about professional success, career growth, personal development, workplace relations, about good practices of employers, about news from the HR sector and management, about vacancies.
This nuisance – criticism – is inevitable for anyone who works. Sometimes the employee takes her away from the boss for no particular reason. Another time a colleague decides to play smart and shine. However, lessons can be learned from every criticism.
For this to happen, you must accept that you are not without sin. The person criticizing you does not necessarily want to insult or attack you. It is quite natural in a team of smart and well-intentioned people to have different opinions and assessments. The more open you are to hearing them and making sense of them, the more success you will have. Even unfair and malicious criticisms are valuable because they show the attitude, the claims, the ambitions of the one who makes them. And by getting to know him better, you will be prepared for what to expect from him in the future.
Outback Steakhouses Parent Company Announces Closure Of 41…
Bloomin’ Brands Inc. Closes 41 Locations Across Its Portfolio
Bloomin’ Brands Inc., the parent company of Outback Steakhouse and other restaurants, has announced the closure of 41 locations within its portfolio.
The decision to close these restaurants was described as a business move by Bloomin’ Brands, emphasizing that it was not a reflection on the staff or their service. The company stated that many team members would have the opportunity to transfer to open positions at other restaurants, while those who do not will receive severance packages.
David Deno, the CEO of Bloomin’ Brands, revealed during an earnings call that the closures were focused on underperforming locations, particularly older assets with leases dating back to the ’90s and early 2000s.
Factors such as sales, traffic-trade areas, and the required investment for restaurant improvements were considered in the decision-making process. Despite the closures, Bloomin’ Brands remains optimistic about its portfolio and plans to open 40 to 45 new restaurants in 2024.
Of the 41 closures, 33 have already been completed, affecting various brands under the company’s umbrella, including Bonefish Grill, Carrabba’s Italian Grill, and Fleming’s Prime Steakhouse & Wine Bar.
Closures announced: Macy’s also recently announced plans to shut down 150 ‘underproductive’ store locations by 2026.
ELGA: On February 20 The Payment Of Compensation…
From February 20, the payment of compensations by ELGA for damages of the year 2023 will begin, as decided by the Organization’s Board of Directors, today (January 31, 2024).
The compensation payments from ELGA will be at 100% of the calculated value, according to the findings which are registered in the Agency’s computers.
“The two-month faster payment of compensation for 2023, to the beneficiary producers who have suffered losses, was made possible thanks to the hard work of the employees and executives of ELGA” said the Minister of Rural Development and Food, Lefteris Avgenakissaying among other things that “the payment of 100% of the compensations to the farmers, disproves the Kassandras and proves that the ELGA and the FSA they are on the side of the farmers and support the primary sector with actions”.
According to the newsit, as stated by the HYPAAT in its announcement, ELGA’s current available funds, for payment of compensations, exceed 150 million euros, while collections from debts to the Organization of more than 120 million euros are expected.
Finally, until February 10, 2024, 15 million euros will be paid to ELGA by the Ministry of Finance for the payment of its administrative and operating expenses for the first half of 2024,
LI PENG FROM HUAWEI Adopting 5.5G To Advance…
Li says global digital economy will bring new strategic opportunities to ICT industry
[Barcelone, Espagne, 27 février 2024] At MWC Barcelona 2024, Li Peng, Corporate Senior Vice President and President of ICT Sales & Service of Huawei, delivered a speech on the new strategic opportunities that will open up for the ICT industry in a smart world.
“We are rapidly approaching a smart world,” says Li. “As demands on networks have increased, 5.5G has become a key step on the path to the smart world. 5.5G is expected to enter commercial use in 2024. So, let’s build today’s networks for tomorrow’s applications to advance the smart world. »
• On the way to the commercialization of 5.5G
Li explained that over the past 20 years, informatization and digitalization have brought opportunities worth trillions of dollars to the ICT industry. Higher network requirements are needed for this intelligent world, such as ultra-wideband uplink, real-time broadband communication and full-scenario IoT. This has driven the rapid evolution towards 5.5G which will be able to enable innovative application scenarios and business models. By 2030, the smart economy is expected to be worth more than $18.8 trillion, bringing a new wave of opportunities for the industry.
The Expected Annual Volume Of Oil Transported Through…
The Trans-Caspian International Transport Route (TBNM) is planned to transport 20 million tons of oil per year.
Publik.az Nurjan Marabayev, CEO of “SEMURG INVEST” said this.
According to him, it is also planned to solve strategic issues related to the diversification of oil export routes.
“TBNM, being the shortest and most reliable transportation route from Central and Eastern Asia to Europe, is becoming more and more important in the modern geopolitical situation. Approximately 80 percent of all continental transportation between China and Europe passes through the territory of Kazakhstan. An oil terminal with an annual handling capacity of 5.5 million tons in the port of Kuryk “The construction will make an important contribution to the development of TBNM. Only the first stage of the project’s implementation will allow meeting 25 percent of the planned diversification of the oil flow exported through the Middle Corridor,” he said.
N. Marabayev also noted that the oil terminal opens opportunities for handling chemical liquid cargoes, including “green” ammonia, for oil and gas, chemical industry and “green” projects.
It should be noted that the Kurik port development concept includes the construction of several terminals. Currently,
LI PENG FROM HUAWEI Adopting 5.5G To Advance…
Li says global digital economy will bring new strategic opportunities to ICT industry
[Barcelone, Espagne, 27 février 2024] At MWC Barcelona 2024, Li Peng, Corporate Senior Vice President and President of ICT Sales & Service of Huawei, delivered a speech on the new strategic opportunities that will open up for the ICT industry in a smart world.
“We are rapidly approaching a smart world,” says Li. “As demands on networks have increased, 5.5G has become a key step on the path to the smart world. 5.5G is expected to enter commercial use in 2024. So, let’s build today’s networks for tomorrow’s applications to advance the smart world. »
• On the way to the commercialization of 5.5G
Li explained that over the past 20 years, informatization and digitalization have brought opportunities worth trillions of dollars to the ICT industry. Higher network requirements are needed for this intelligent world, such as ultra-wideband uplink, real-time broadband communication and full-scenario IoT. This has driven the rapid evolution towards 5.5G which will be able to enable innovative application scenarios and business models. By 2030, the smart economy is expected to be worth more than $18.8 trillion, bringing a new wave of opportunities for the industry.
Wendys Clarifies No Plans For Surge Pricing, Focuses…
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Wendy’s, the popular burger chain, has recently clarified its stance on pricing strategies amidst rumors of surge pricing. The company’s CEO, Kirk Tanner, had mentioned during a conference call with investors and industry analysts that they would be testing features like dynamic pricing and daypart offerings, along with AI-enabled menu changes and suggestive selling. However, Wendy’s has now confirmed that surge pricing will not be implemented.
The concept of surge pricing, also known as dynamic pricing, has been successfully employed by companies like Uber to manage customer demand during peak times or when resources are limited. Prices fluctuate based on demand, ensuring a balance between supply and demand. While this strategy has proven effective for some businesses, Wendy’s wants to assure its customers that surge pricing will not be part of their approach.
In response to the media frenzy surrounding the CEO’s comments, Wendy’s released a statement clarifying their intentions. The company emphasized that any future features they decide to test will be designed to benefit their customers and restaurant crew members. They explicitly stated, “Wendy’s will not implement surge pricing, which is the practice of raising prices when demand is highest.”
Instead,
Banks, Interest Margin At The Top. Prometeia: A…
Listen to the audio version of the article
The sensational leap in banks’ interest margins in 2023 is there for all to see: +45% is the average increase in revenues generated by institutions from one year to the next thanks to lending activity. What now remains to be understood is how 2024 will go. Because if it is true that the drop in rates could be slow to appear, thus prolonging the celebration for intermediaries, it is also true that funding could be affected by an increase in prices, thus reducing the gap of earnings. With what final outcomes?
The banks, to tell the truth, have no doubts: 2024 will still be characterized by a top interest margin, even admitting that the second half of the year, as expected, brings with it a contraction in interest rates interest. As announced by the bankers in the round of presenta tion of the 2023 accounts, at the end of the year the net interest margin on average is expected to be in line or even above that of 2023. Thanks, the banks underline, to a hedging activity that has already begun successfully and which will allow you to protect yourself from the inversion of the interest rate curve.