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International Business Expansion

<ul class="summary-list"><li>US airlines have ditched first class for improved business cabins to optimize space and revenue.</li><li>Some global carriers are adopting a different strategy as demand for more onboard luxury spikes.</li></ul>Delta Air Lines and United Airlines years ago eliminated international first class on their planes, and <a target="_blank" class="" href="https://www.businessinsider.com/american-airlines-ditching-first-class-seats-passengers-arent-buying-it-2022-10">American Airlines is following suit</a>.They deemed business class more lucrative for long-haul flights. It can fit more seats and is more marketable to more people than a costly first-class ticket.But many global carriers in Europe, Asia, and the Middle East are taking the opposite approach, chasing dollar signs with new first-class cabins amid a post-pandemic industry shift that's seen <a target="_blank" class="" href="https://www.businessinsider.com/best-airline-first-class-suites-in-world-2023-8">increasing demand for luxury at the front of the plane</a>.This includes multimillion-dollar revamp plans in a bid to lure more customers, keep up with the competition, and boost revenue and reputations. While these carriers still have business class, true first class remains a money-maker despite taking up the least amount of cabin real estate.Qatar Airways CEO Badr Mohammed Al Meer told <a target="_blank" class="" href="https://www.cnbc.com/2024/03/15/qatar-airways-to-launch-first-class-as-airline-courts-airbus-and-boeing-for-new-planes.html?utm_source=syndication">CNBC</a> in March that the airline's first class is here to stay. This was a U-turn from his predecessor, who said in 2023 that first class wasn't necessary with that carrier's famous <a target="_blank" class="" href="https://www.businessinsider.com/qatar-airways-business-class-qsuite-next-gen-photos-2024-7">Q-Suite business class.</a>Five-star Singapore Airlines also plans to <a target="_blank" class="" href="https://www.businessinsider.com/singapore-airlines-new-first-class-business-upgrades-privacy-door-trend-2024-11">launch a new first class</a> as part of an over $800 million cabin overhaul project. Air France, Swiss International Air Lines, and Lufthansa are also in the mix, among others.<div type="image" title="Swiss' new first-class." height="744" width="992" msid="115064431" hostid="261" sizebytes="49628"></div>A study from Mighty Travels Premium, published in <a target="_blank" class="" href="https://www.mightytravels.com/2024/10/who-really-flies-first-class-data-shows-67-are-corporate-travelers-not-wealthy-individuals/#Who-Really-Flies-First-ClassData-Shows-67-are-Corporate-Travelers-Not-Wealthy-Individuals-International-Routes-Report-Higher-Individual-First-Class-Bookings-Than-Domestic">October,</a> showed that the first-class resurgence is largely corporate travelers from monied Fortune 500 companies.The study, which analyzed airline revenue data, saw a jump in international bookings from affluent leisure individuals willing to pay a premium for the posh perks.First-class transatlantic fares averaged about $2,900 one-way between January and August, not including taxes and fees, according to data from the aviation analytics company Cirium. But that can be a lot higher on more luxury-focused airlines.Tiffany Funk, an analyst from the travel website <a target="_blank" class="" href="https://www.point.me/">Point.me</a>, told Business Insider that a drive behind Singapore's new first-class is partly from ultra-wealthy people who want to fly in style but can't reach certain <a target="_blank" class="" href="https://www.businessinsider.com/flying-on-a-50-million-bombardier-global-5000-private-jet-2022-5">destinations with a private jet.</a>"Singapore adding first-class speaks to its demographics," she said. "One of the Google co-founders who goes back and forth between the US and Singapore is someone who would book it, those are the people willing to pay $15,000-$20,000 for that really nice luxury experience."<h2 id="abe0097f-b9fa-429e-b49f-0356ea72b21f">Some airlines are adding first-class to boost their prestige</h2>Funk said airlines like British Airways, Singapore, Emirates, and Air France don't always fill first-class but have them for the "prestige."<div type="image" title="flight attendant sitting in air france first class." height="3124" width="4754" msid="115064429" hostid="261" sizebytes="719060"></div>Airlines, especially those with state investment, are willing to take the trade-off for the sake of boosting their reputation or providing the needed luxuries for their local elites."Air France is committed to having this super premium first-class product because it's Air France," Funk said. "It doesn't necessarily make economic sense, and it doesn't need to with only four seats to fill on the plane."She pointed to other examples like Emirates, which can get more customers across all cabins simply because it is associated with <a target="_blank" class="" href="https://www.businessinsider.com/emirates-airlines-first-class-flight-review-lie-flat-bed-shower-2023-4">having showers in first class</a> — even if people aren't in a seat with access to that shower.Then there is British Airways, which Funk said carries the prime minister and the royal family and needs to partly maintain first-class for that clout."You're not going to have William and Kate fly business class alongside 85 other people," she said.<div type="image" title="Qantas first-class cabin for Project Sunrise" height="4242" width="6000" msid="115064430" hostid="261" sizebytes="2398362"></div><h2 id="e19242e8-14ab-4c62-bb67-afee61170409">9 airlines are planning a new first-class cabin</h2>With at least nine new international first-class cabins coming to market over the next couple of years, <a target="_blank" class="" href="https://www.businessinsider.com/british-airways-first-class-suite-review-photos-2023-7">deep-pocketed customers</a> have a lot to look forward to — especially as some of these luxury seats will touch the US.Here are nine global airlines introducing a new first-class cabin:<ul><li>Air India: A new first-class will <a target="_blank" href="https://www.businessinsider.com/see-new-luxury-cabins-air-india-retrofit-onto-boeing-777-2023-8">be retrofitted onto existing Boeing 777-300ERs</a> starting in 2025 as part of Air India's $400 million rebrand.</li><li>Air France: The airline's new "La Premiere" first-class is <a target="_blank" class="" href="https://businesstravelerusa.com/news/air-france-new-la-premiere/">expected</a> to be unveiled by the end of 2024, though details remain limited.</li><li>British Airways: The UK flag carrier is <a target="_blank" class="" href="https://thepointsguy.com/news/british-airways-improvements-new-first-class-lounges/">debuting</a> a new first class on its Airbus A380s and future Boeing 777Xs. No official timeline has been announced.</li><li>Cathay Pacific: The Hong Kong-based airline is <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/cathay-pacific-unveils-aria-suite-a-new-way-to-experience-air-travel-1033863345">introducing</a> a new first class on its future 777X planes, but the delivery of those planes and its new cabin is still uncertain.</li><li>Swiss International Air Lines: From 2025, the <a target="_blank" class="" href="https://www.businessinsider.com/swiss-first-class-seats-too-heavy-for-a330-planes-2024-9#:~:text=Installation%20of%20the%20new%20cabins,plate%2C%22%20a%20spokesperson%20said.">carrier will offer a new pod-like first class</a> on existing A330s, Boeing 777s, and future A350s.</li><li>Lufthansa: Germany's flag carrier is <a target="_blank" class="" href="https://www.businessinsider.com/lufthansa-replacing-dated-business-class-new-allegris-cabin-first-class-2024-4">launching its new A350 Allegris first-class</a> on Saturday. The suite is similar to Swiss.</li><li>Qantas: From 2026, Australia's national airline will debut a new <a target="_blank" class="" href="https://www.businessinsider.com/qantas-first-business-class-worlds-longest-flights-project-sunrise-pictures-2023-2">first class on A350s as part of "Project Sunrise,"</a> which will operate the world's new longest flights between Australia, New York, and London.</li><li>Qatar: The Doha-based airline has released few details about its new first class, but the cabin will be on <a target="_blank" class="" href="https://www.businessinsider.com/qatar-new-qsuite-adding-first-class-to-boeing-777x-2024-3">future 777X planes</a>.</li><li>Singapore: Singapore is the latest airline to reveal a new first class, which will debut on seven <a target="_blank" class="" href="https://www.businessinsider.com/worlds-longest-flight-singapore-airlines-business-review-2023-1">ultra-long-haul A350-900ULRs</a> in the first quarter of 2027.</li></ul>

International airlines are all-in on fancy first-class seats, even as US carriers focus only on business for long-haul flights

<ul class="summary-list"><li>Critical Role's animated series, "The Legend of Vox Machina," is back for its third season.</li><li>CR's cofounders say they're blown away by the international reception.</li></ul>Close to a decade ago, <a target="_blank" class="" href="https://www.businessinsider.com/critical-role-dungeons-dragons-sold-out-live-show-wembley-arena-2023-9">eight nerds started playing their "Dungeons &amp; Dragons" game</a> out of a studio in Los Angeles and live-streaming it on Twitch.Now, that "D&amp;D" game has been adapted into the Amazon-backed animated series The Legend of Vox Machina, which is <a target="_blank" class="" href="https://www.businessinsider.com/critical-role-amazon-nerdworld-legend-of-vox-machina-season-three-2024-10">back for its third season.</a>Apart from working on their Prime Video animation, the eight cast members of "Critical Role" now <a target="_blank" class="" href="https://www.businessinsider.com/critical-role-candela-obscura-liam-obrien-gothic-horror-gaming-2024-4">sell out arenas</a> when they hold live shows. On a day-to-day basis, they run the company by the same name, with investments in an <a target="_blank" class="" href="https://www.businessinsider.com/critical-role-daggerheart-preorders-2024-9">in-house game publishing arm</a> and <a target="_blank" class="" href="https://www.businessinsider.com/critical-role-liam-obrien-moonward-podcast-book-publishing-comics-media-2024-8">new audio dramas</a>. But while most of their work remains stateside, they're eyeing their international fans — as similar nerdworld businesses <a target="_blank" class="" href="https://www.polygon.com/trailer/445986/dimension-20s-raucous-live-shows-come-to-dropout-next-month">expand beyond their original countries.</a>During an interview with CEO Travis Willingham and his fellow cofounders, Liam O'Brien, Marisha Ray, and Ashley Johnson, BI asked the group what they thought of watch parties for "The Legend of Vox Machina" being held in Singapore and other international locations."All of us know how important stories — and other people's stories — have been to us, personally," O'Brien told BI. "So to know that we're in that position where we've created a story together that is now of such worth to people all over the planet is just such a gift."Now they have a wish list of locations their live shows could go to in the months and years to come, Willingham said. On that slate is South America and Australia, where they've seen their fan base grow. And now they're putting Singapore on that "big list," too."We'll have a big old party," Willingham added. "Tell us where we're eating and drinking, we'll throw down."Critical Role sold out its <a target="_blank" class="" href="https://www.businessinsider.com/critical-role-wembley-live-show-nerd-heaven-2023-10">2023 live show at London's Wembley Arena</a>. And more recently, they took their live show to the Greek in Los Angeles, their home ground. These shows — where a crew plays "D&amp;D" in front of an audience — continue to draw crowds comparable to the biggest names in music. In January, CR's peers, the <a target="_blank" class="" href="https://www.businessinsider.com/matt-mercer-brennan-lee-mulligan-critical-role-dimension-20-collaboration-2024-8">Brennan Lee Mulligan</a>-helmed <a target="_blank" class="" href="https://www.businessinsider.com/dimension-20-new-season-misfits-and-magic-aabria-iyengar-2024-9">"Dimension 20,"</a> are playing <a target="_blank" class="" href="https://www.businessinsider.com/how-dimension-20-dropout-built-nerdworld-empire-madison-square-garden-2024-7">Madison Square Garden</a> in New York. <h2 id="66ed4085-4018-4b54-b7e2-e6940bae2920">10,000 miles from Los Angeles, a beacon of Critical Role fandom</h2><div type="image" title="The cast of &quot;Critical Role&quot; sits around the gaming table in their California studio. " height="1080" width="1920" msid="114112329" hostid="261" sizebytes="200386"></div>At the TableMinis gaming store in Singapore — a world away from Los Angeles — over a dozen CR fans piled into the venue's lounge to watch the new season of "Vox Machina" together.Farez Najid, who co-owns TableMinis, said he started playing "D&amp;D" years ago because of CR."CR opened up our minds to the idea that this game of 'D&amp;D' is more than just something you play in a basement — it's a lifestyle now," Farez told BI. "People are coming together to see a story unfold, and they're attached to the characters."He added that CR — and game master Matthew Mercer — inspired him to start his own gaming business. He now makes a living game-mastering "D&amp;D" games for playgroups.The second tranche of "The Legend of Vox Machina" is now here. Episodes are being released weekly on Prime Video in sets of three. In this week's release, Vox Machina battles a dragon (voiced by O'Brien) and contends with the demon Zerxus Ilerez. And as the season hits its midpoint, cast members Laura Bailey and Taliesin Jaffe's characters, Vex'ahlia and Percy, fall deeper in love.The second tranche's episodes contain major campaign moments — like the half-elf Vax'ildan's (also voiced by O'Brien) hot tub heart-to-heart talks with Percy. Getting to revisit the hot tub scene, a highlight of CR's first "D&amp;D" campaign, was "so great" and a "beautiful" point of the season, Bailey said."Vex and Percy's relationship is one of my favorite things about Campaign One," Bailey told BI. "I loved all of the really intimate moments. I loved all the really tragic moments. It was horrible and wonderful to get to go down that path again."Ephraim Chua, 32, told BI he's excited to see how CR has adapted its main campaigns for the animated series. Bhavna Vasnani, 34, is looking forward to seeing the crew's epic battle with the dragon Raishan.CR's Johnson, a BAFTA-winning voice actor, told BI she thought international watch parties and other events were a wonderful way to "connect with the world."Willingham told BI that when it comes to CR's content, "there's a seat for everybody at the table.""Everybody can make their own adventures and find their own groups as well," Willingham said. "And if we've had a hand in helping that along the way, we're all the more thrilled for it."

Critical Role CEO Travis Willingham says the crew's got an international wishlist of places to take their nerdworld business 

<ul class="summary-list"><li><keyword id="23853547" type="General" weightage="20" keywordseo="betsy-smith" source="keywords">Betsy Smith</keyword> weighed 500 pounds at her heaviest in July 2021.</li><li>The 53-year-old lost a total of 270 pounds through diet, exercise, and using <keyword id="20078155" type="General" weightage="20" keywordseo="mounjaro" source="keywords">Mounjaro</keyword>.</li></ul>This as-told-to essay is based on a conversation with Betsy Smith, a mother of three from Billings, Montana. It has been edited for length and clarity. A sign on the wall at the <a target="_blank" class="" href="https://www.businessinsider.com/guides/health/fitness/best-weight-loss-apps">weight management </a>clinic inspires me every time I go for my body composite exam. "Being overweight is hard," it says. "Losing weight is hard," it says. Then, underneath, it says, "Choose your hard." It's empowering because it lets you know it's your choice whether to stay heavy or make every effort to get healthy and feel better. I'm just 12 pounds off my goal of 218 pounds — which means I will have lost 285 pounds since beginning my journey in July 2021 — and I'm determined to reach that number on the scale. It's been the toughest battle of my life. But I know that it is literally saving my life. <h2>I've always been big</h2>I've always been a big person. I was a 10-pound baby and 23.5 inches long. I stopped growing at 6ft 2in tall — the same height as my dad. It runs in the family. One of my sons is 6ft 5in. But I'm overweight because I always eat my feelings. Whenever I felt emotional — if something was wrong and I was unable to deal with it — I'd reach for something to eat. My parents were concerned about my size when I was a child. They <a target="_blank" class="" href="https://www.businessinsider.com/pediatrician-mom-parenting-advice-basics-essentials-2024-1">took me to the pediatrician</a> for advice. I felt confused in the doctor's office when I was in elementary school because they mentioned words like diabetes. We tried to work on things like portion control, but it wasn't easy. We would eat inexpensive things like pasta in a big dish in the center of the table. <h2>I was a yo-yo dieter</h2>Carbohydrates were not good for me, but I hated being singled out as the one who wasn't supposed to take as much as the others. Then, when I was 10, <a target="_blank" class="" href="https://www.businessinsider.com/ive-been-through-divorce-on-both-ends-2023-4">my parents got divorced</a>. It was an emotional upheaval. The summer between fifth and sixth grade, I gained probably 35 to 40 pounds. Other kids said some nasty things to me, especially in middle school. But I was 6ft tall by 12 and able to defend myself physically. If there were a problem, I'd say, "No, you're not going to do that to me." Instead, I internalized my pain. I gave birth to my first child at 20 after putting on a lot of weight during the pregnancy. The same thing happened with my other two kids. Diets have come and gone over the years. They generally involve calorie counting and walking. I once lost over 110 pounds and kept it off for six years, but whenever something went wrong in my life, I'd put it back on. <h2>I was shocked when I registered 500 pounds on the scale</h2>I couldn't move the way I felt like I should be able to move and not be uncomfortable. I'd go up and down the stairs at work and get winded. Things came to a head in July 2021 when I saw my doctor for <a target="_blank" class="" href="https://www.businessinsider.com/live-entertainment-is-back-with-no-masks-or-social-distancing-2021-9">the first time since COVID-19</a>. I stepped on the scale and felt mortified. I was 499.9 pounds. "How the heck did this happen?" I thought. I didn't cry but wanted to crawl into a hole somewhere. I was <a target="_blank" class="" href="https://www.businessinsider.com/diabetes-risk-other-health-condition-complication-study-2022-3">diagnosed with type 2 diabetes </a>and prescribed medication to lower my blood sugar. I managed to lose 84 pounds before qualifying for an appointment at a weight management clinic in March 2022. The main reason I lost that initial weight was dental work. My teeth were bad from so many years of abuse and loss of enamel. I got dentures, which allowed me to chew healthy, crunchy food like apples. But weight management opened up everything for me. They said I was a <a target="_blank" class="" href="https://www.businessinsider.com/traveled-to-mexico-for-gastric-bypass-surgery-results-2023-4">good candidate for stomach surgery,</a> but I opted out. I underwent therapy, knowing that my brain needed to change my eating habits, not a quick-fix operation. <div type="image" title="A woman in a blue T-shirt carrying a small dog." height="697" width="929" msid="115024370" hostid="261"></div>The doctor put me on the <a href="https://www.businessinsider.com/weight-loss-glp-1-drugs-ozempic-wegovy-mounjaro-effects-future-2023-12" target="_blank">GLP-1 agonist injections</a> Trulicity and then Mounjaro. However, I realized that all the medications in the world wouldn't help me unless I learned the foundations of a healthy lifestyle. My intent was to lose the weight and keep it off. The answers included eating on a schedule. I eat a certain amount — a small meal of around 300 calories — every two and a half hours. It could be a protein shake or yogurt with a couple of strawberries. It could be a quarter of a cup of the leanest ground beef you can get with steamed vegetables. I limit my carbohydrates and increase my protein intake, such as turkey. I've also learned to enjoy fresh fruit and vegetables, such as tomatoes and cucumbers. I buy the <a target="_blank" class="" href="https://www.businessinsider.com/best-costco-kirkland-signature-prepared-meals-from-family-which-to-skip">mixed stir fry from Costco </a>without sauce. For exercise, my husband, Steph, 54, and I set up a gym in our spare room. I ride the recumbent bike for an hour and 15 minutes and do 750 calf raises seven days a week. I also do 200 sit-ups and 200 crunches five days a week. Now, at 230 pounds, I've gone from a 6X to a 1X. I can wear jeans for the first time in years, lace up my tennis shoes, and carry my dog, <keyword id="20150266" type="General" weightage="20" keywordseo="toby" source="keywords">Toby</keyword>, a 19-year-old <keyword id="23853546" type="General" weightage="100" keywordseo="yorkie" source="keywords">Yorkie</keyword>, up and down the stairs 30 times a day. <h2>I'm struggling with body dysmorphia</h2>Unfortunately, I continue to struggle with body image. When they're telling you to lose weight, nobody points out you're probably going to have at least 20 pounds worth of skin hanging on your arms, legs, and stomach. Your clothing doesn't look right and it's uncomfortable because it causes irritation, even infection. Luckily, I have a <a target="_blank" class="" href="https://www.businessinsider.com/woman-topical-steroid-withdrawal-how-treat-tws-symptoms-2023-7">cortisone prescription</a> from my dermatologist. I'll see my 500-pound self in the mirror. I often feel like I haven't lost much weight at all. It's only when I compare my before-and-after photos that I really notice the difference. People said I should consider plastic surgery. But I have <a target="_blank" class="" href="https://www.businessinsider.com/guides/health/anesthesia-side-effects">trouble thinking about anesthesia</a>. Still, my confidence grows every day. Steph is prouder of me than I am of myself at the moment, but I'm getting there. Correction: November 7, 2024 — An earlier version of this story misstated the type of medication sold under the brand names Trulicity and Mounjaro. They're both GLP-1 agonists but not semaglutide. Do you have an interesting story to share with <keyword id="19935969" type="General" weightage="20" keywordseo="business-insider" source="keywords">Business Insider</keyword> about weight loss? Please send details to <a target="_blank" href="mailto:jridley@insider.com">jridley@businessinsider.com</a>

I lost half my weight in 3 years. I have body dysmorphia from all the loose skin I have.

<ul class="summary-list"><li>Japan Airlines has offered free domestic flights to international tourists visiting Japan.</li><li>The initiative aims to promote travel to lesser-known destinations.</li></ul>Japan Airlines is giving <a target="_blank" class="" href="https://www.businessinsider.com/japan-airlines-free-domestic-flights-us-international-how-to-book-2024-9">free domestic flights</a> to international tourists, making travel to smaller cities and <a target="_blank" class="" href="https://www.businessinsider.com/tips-for-going-to-japan-avoid-mistakes-travel-advice-2024-7">hidden gems</a> far easier.But travel experts say the initiative is likely to backfire, as it could exacerbate the country's overtourism problem.The initiative was announced in September and is available to people traveling to Japan from the <a target="_blank" rel="" class="" href="https://www.businessinsider.com/things-american-wishes-she-knew-before-visiting-japan-mistakes-2024-9">US</a>, Canada, Mexico, Thailand, Australia, New Zealand, Vietnam, the Philippines, Indonesia, India, China, and Taiwan.In order to obtain the free tickets, passengers must book round-trip international flights with Japan Airlines and domestic flights within the same purchase.A spokesperson for Japan Airlines said no end date has been set for the initiative.<h2 id="e067d43f-7a22-42e9-a0bf-597ba6c4f4a3">It could intensify over-tourism</h2>Sara Aiko, founder of the travel agency <a target="_blank" href="http://www.curatedkyoto.com/">Curated Kyoto, </a>told BI that the initiative was likely created to distribute tourism to lesser-known areas to alleviate overtourism in the capital.But in practice, Aiko said, "people will continue to flock to popular destinations like Tokyo, regardless of free tickets, because they are major attractions."<div type="image" title="A woman with a backpack walks through the streets of Tokyo." height="4749" width="6888" msid="114154442" hostid="261" sizebytes="1396134"></div>Earlier this year, the Japanese government estimated that it would surpass <a target="_blank" rel="noopener noreferrer nofollow" class="c-link" href="https://www.japantimes.co.jp/news/2024/04/17/japan/society/record-high-inbound-travelers/">its target of getting 32 million international tourists by 2025</a> after 8.6 million people visited in the first quarter of 2024.Ben Julius is the founder of <a target="_blank" class="" href="https://www.touristjapan.com/about/">Tourist Japan</a>, a travel agency that offers tour packages across Japan to travelers from around the globe.Speaking to BI, Julius said around 90% of his clients visit the same popular locations: Tokyo, Kyoto, Mount Fuji, and Osaka."The majority of visitors are first-time visitors," he said. "And when people visit Japan for the first time, they won't miss the must-see cities."However, overtourism in these areas is majorly disrupting the lives of locals, who have to deal with rising hotel prices and misbehaving tourists."Hotel prices have skyrocketed due to tourism, making it difficult for many locals to stay at places they used to enjoy," Aiko said.Meanwhile, in April, authorities in Yamanashi erected an eight-foot-tall barrier to prevent tourists from taking photos at a <a target="_blank" class="" href="https://www.businessinsider.com/japan-town-building-barrier-stop-tourists-taking-mount-fuji-photos-2024-4">convenience store with views of Mount Fuji</a>.<div type="image" title="A view of Mount Fuji behind a convenience store." height="2828" width="4242" msid="114154441" hostid="261" sizebytes="260872"></div>The move came after complaints about the behavior of international tourists, including littering and bad parking.<a target="_blank" class="" href="https://www.bbc.co.uk/news/articles/ckg2j7dery1o">BBC News</a> reported in August that the barrier had been removed in preparation for a typhoon, but authorities said it would be re-erected if tourists returned in large numbers.Duncan Greenfield-Turk, CEO of the travel agency <a target="_blank" class="" href="https://globaltravelmoments.com/">Global Travel Moments</a>, told BI that Japan has been a top-booked destination for his clients for the past three years.He said he has noticed the "immersive pressure" on the country's public transport system, hotels, and attractions, "particularly in smaller towns not equipped for mass tourism."International visitor spending is expected to reach 6.3 trillion Japanese yen, or around $42 billion, by the end of 2024, according to <a target="_blank" class="" href="https://wttc.org/news-article/japans-travel-and-tourism-sector-to-surpass-previous-records-in-2024">research</a> by the World Travel and Tourism Council.Employment within the travel and tourism industry is also expected to climb. The organization estimates more than 6 million new jobs will be created this year, which they said is a 10% increase from 2023.One reason tourists are spending more money is the <a target="_blank" class="" href="https://www.businessinsider.com/japan-weak-currency-yen-boosts-foreign-tourism-luxury-purchases-travel-2024-4">weak yen</a>. Since the start of 2022, the yen has <a target="_blank" class="" href="https://www.reuters.com/graphics/JAPAN-YEN/EXPLAINER/xmvjnxjmbvr/">lost more than 20% against the dollar,</a> and it reached a <a target="_blank" href="https://www.reuters.com/markets/currencies/dollar-defensive-amid-lower-yields-yen-hovers-near-38-year-trough-2024-07-03/">38-year low</a> of 161.96 to the dollar in July.Greenfield-Turk said Japan Airlines' initiative has the potential to stretch the economic benefits of mass tourism to less-visited areas.However, without proper direction, he said it "could simply encourage more travel to already strained regions, intensifying the overtourism problem.""If tourists continue to gravitate toward popular destinations rather than exploring new ones, the initiative could backfire," he said.There's also the possibility that tourists will opt out of the new initiative.Amy Thomasson, a Japan travel advisor for <a target="_blank" class="" href="https://www.travelmation.net/">Travelmation</a>, told BI that it "doesn't make sense for most travelers" because of the additional costs that could be accumulated.The airline said travelers from the US, Canada, Mexico, and China who plan to stay in their first destination for more than 24 hours will be charged a $100 layover fee.Instead, Thomasson suggests that tourists utilize Japan's high-speed trains.Business Insider's Monica Humphries previously wrote about her experience traveling between Tokyo and Kyoto on the <a target="_blank" class="" href="https://www.businessinsider.com/riding-japans-bullet-trains-between-tokyo-kyoto-2023-7">Hikari Shinkansen</a>, a high-speed bullet train, and noted that it was clean, comfortable, and quick.

Japan is giving free flights to international tourists, but it may backfire

<ul class="summary-list"><li>Amazon's sales of cheap items are surging, driven by faster delivery speeds, executive says.</li><li>Amazon's essential product sales are growing 50% faster than other items.</li></ul>The sales of cheaper items are surging on <a target="_blank" class="" href="https://www.businessinsider.com/amazon-ceo-explains-why-he-wants-fewer-managers-hate-bureaucracy-2024-11">Amazon</a>.During a recent internal all-hands meeting, Amazon's retail CEO <a target="_blank" class="" href="https://www.businessinsider.com/profile-of-amazons-new-retail-ceo-doug-herrington-2022-7">Doug Herrington</a> said that the everyday essentials business, which includes health, beauty, and grocery products, is "growing 50% faster than the rest of the store," according to a recording of the event obtained by Business Insider.The growth is primarily driven by faster delivery speeds because people tend to spend more and shop more frequently when orders arrive quickly, Herrington said. Over 50% of those everyday essentials are now delivered on the same or next day, he added."It has really supercharged our grocery and everyday essential business," Herrington said, referring to faster shipping speeds. "And these are especially the low-priced everyday essentials, the things that most households purchase every week."Amazon has been investing heavily to make its warehouse and logistics network more regional. The goal has been to not only speed up deliveries, but also make it less expensive for the company to offer faster delivery.<h2 id="c0dfe482-5c31-44d1-a35d-fdfab5fe3a43">No longer "CRaP"</h2>Lower costs help Amazon offer cheaper products, which often come with thinner profit margins. This is a notable shift from the company's previous strategy of curbing sales of such products. Internally, Amazon used to refer to these products as <a target="_blank" href="https://www.businessinsider.com/amazon-wants-to-stop-selling-unprofitable-items-report-2018-12">"CRaP," or "can't realize a profit,"</a> because they were relatively expensive to ship and less profitable.Amazon's <a target="_blank" class="" href="https://www.businessinsider.com/amazon-andy-jassy-wooed-wall-street-overhauled-bloated-tech-giant-2024-7">record profits</a> in recent years, alongside <a target="_blank" class="" href="https://www.businessinsider.com/amazon-layoffs-10000-employees-grand-challenge-team-dramatic-changes-2022-11">drastic cost cuts</a> and major layoffs, are also contributing to the new approach. The change can potentially help Amazon better compete against Chinese e-commerce upstarts Temu and Shein, which are rapidly growing on the back of cheap items. Shein, for example, is expanding to sell more daily essentials, like toothpaste, skincare, and toys, Reuters reported.Amazon's spokesperson declined to comment.<h2 id="27100129-02ac-43d6-9461-8899978fdf94">'Perfect placement'</h2>During the recent all-hands meeting, Herrington said Amazon deliveries have become faster and cheaper after the company redesigned its network of warehouses to serve smaller regions. Now, Amazon has more warehouses assigned to customers close by, which allows for faster order fulfillment.As a result, Amazon has been able to reduce the "cost to serve" each order for two years in a row, while achieving the fastest delivery speeds for Prime shipments this year, Herrington added."We call that effort perfect placement," Herrington said.In October, Amazon CEO Andy Jassy said the company has been "maniacal" about lowering the cost to serve in recent years. It's a real competitive advantage because now Amazon can afford to sell lower-priced items economically, he said."There's an expression that we've used a lot of times over the years that it's easy to lower prices, but it's much harder to be able to afford to lower prices," Jassy said during a call with analysts.<h2 id="c402255a-a3e2-42e8-8f7f-81912d344b85">'Real positive'</h2>During last month's analyst call, Jassy added that the growth of cheaper items is a "real positive" because it is predicated on faster delivery speeds. He said that this usually leads to growth in customer loyalty, order frequency, and purchase volume."We see the ability to unlock whole new elements of the consumer spend," Jassy said.Brian Olsavsky, Amazon's CFO, added that strong growth in everyday essentials is a positive sign of Amazon becoming a part of consumers' daily shopping habits.Evercore analyst Mark Mahaney wrote in a recent note that the shift is important for Amazon, especially since its most loyal Prime membership base is <a target="_blank" href="https://www.businessinsider.com/amazon-prime-growth-takes-off-again-record-75-americans-use-2024-4">growing at a slower pace</a>."While the growth in those categories represents a negative mix shift in terms of margins, it increases shopper loyalty, shopping frequency and increases the basket size — important if the total Prime HH membership base in the US is maturing," Mahaney wrote.Amazon is doubling down on these efforts. Herrington said in the recent all-hands meeting that Amazon is investing in new warehouse robotics technology that can further improve packaging speed. It's also expanding its rural area network and drone delivery service, he said."The most important part is that customers are loving our faster speeds and we know they're loving it because they're shopping more," Herrington said.Do you work at Amazon? Got a tip?Contact the reporter, Eugene Kim, via the encrypted-messaging apps Signal or Telegram (<a target="_blank" rel="noopener noreferrer nofollow" class="c-link">+1-650-942-3061</a><a target="_blank" rel=" nofollow">) or email (</a><a target="_blank" href="mailto:ekim@businessinsider.com">ekim@businessinsider.com</a><a target="_blank" rel=" nofollow" href="mailto:ekim@businessinsider.com">). Reach out using a non</a>work device. Check out Business Insider's <a target="_blank" rel="" href="https://www.businessinsider.com/insider-guide-to-securely-sharing-whistleblower-information-about-powerful-institutions-2021-10">source guide for other t</a>ips on sharing information securely.

In leaked internal meeting, Amazon retail chief says sales of cheaper items are surging

In Greek mythology, Prometheus, a wise Titan whose name means "foresight," defied Zeus by gifting fire to humans, an act that revolutionised our civilization. Fire became a symbol of progress, providing the tools for growth and the spark for <keyword id="94495" type="General" weightage="20" keywordseo="innovation" source="Orion">innovation</keyword>. This ancient tale mirrors the modern concept of <keyword id="3946833" type="General" weightage="100" keywordseo="intrapreneurship" source="Orion">intrapreneurship</keyword>—the process of fostering innovation within established companies. Intrapreneurship encourages an entrepreneurial mindset by providing staff with resources, mentorship, and collaboration opportunities, enhancing innovation in ideas, products, and processes. While startups are often seen as the hub of groundbreaking ideas, some of the most transformative innovations come from within the walls of larger organisations. These corporations, however, often face bureaucratic hurdles that slow progress. Intrapreneurship breaks down these barriers by giving employees the freedom and resources to experiment. Under strong leadership, companies can foster a culture of trust, empowering teams to solve problems creatively and drive growth. <h2>Nurturing the intrapreneurial spirit</h2>One of the key components of successful intrapreneurship is providing employees with a sense of ownership and autonomy. This approach taps into the vast potential within the workforce, unlocking creativity that might otherwise remain dormant in a traditional corporate structure. It encourages risk-taking and creative problem-solving, boosting innovation and enhancing employee engagement and satisfaction. Take 3M for example, Spencer Silver’s discovery of a unique adhesive led to the creation of the iconic Post-it note, despite initial skepticism.Yet, the company’s intrapreneurial environment allowed for exploration, leading to the development of a product that revolutionised communication. Similarly, Lockheed Martin’s ‘Skunk Works’ is a division that operates with the agility of a startup within the larger organisation. Skunk Works’ autonomy has resulted in numerous aerospace innovations, including stealth technology and fighter jets. These examples underscore the transformative potential of intrapreneurial freedom, where exploration leads to groundbreaking products and industry-shifting advancements. By giving employees space to explore ideas beyond their day-to-day tasks, organisations tap into a wealth of innovation, allowing intrapreneurs to flourish. <h2>The essence of intrapreneurship</h2>Innovation requires trial and error, and not every idea will succeed. The best environments for intrapreneurship are those that embrace failure as part of the learning process. Companies like Intel and Tesla have thrived by viewing setbacks as growth opportunities. In the 1980s, Intel faced a major crossroads when internal innovators identified a larger market opportunity and advocated for a shift from memory chips to microprocessors. They embraced potential failure with this pivot, which though risky, propelled Intel to become a leader in the tech industry. Tesla, known for its continuous drive for innovation, encourages its teams to experiment and push boundaries. Elon Musk’s willingness to accept failures along the path to innovation has led to significant breakthroughs, like the development of electric vehicles and space exploration technology. <h2>Collaboration: The key to creative synergy</h2>Intrapreneurs don’t work in isolation. True innovation happens when employees collaborate across departments, combining different skills and perspectives to tackle complex challenges IBM’s Watson, a cognitive computing system, is a prime example of what can happen when cross-functional teams come together. Engineers, data scientists, and non-technical staff worked collaboratively to create a groundbreaking technology that has since been used in fields ranging from healthcare to finance. Facebook’s famous "hackathons" foster cross-departmental innovation. These 24-hour events allow employees to work on passion projects outside of their usual responsibilities, resulting in successful product features like the "Like" button. The melding of expertise has led to breakthroughs that might not have been possible within traditional silos. <h2>Intrapreneurship: Driving growth from within</h2>Innovation is more than generating ideas—it’s about bringing those ideas to life. Intrapreneurship provides a framework for turning creative concepts into reality. Just as Prometheus defied convention to give humanity the gift of fire, intrapreneurs challenge the status quo to drive progress within their organisations. By fostering a culture of risk-taking, collaboration, and continuous learning, companies can ignite the innovation that fuels long-term growth. Continuous support in the form of funding, mentorship, and resources is crucial for intrapreneurship to thrive. In today's <keyword id="6355515" type="General" weightage="20" keywordseo="business" source="Orion">business</keyword> landscape, nurturing the intrapreneurial spirit is essential for companies striving to remain competitive and relevant. Encouraging collaboration across departments and providing autonomy to explore new ideas can lead to breakthroughs that fuel an organisation's success. As Prometheus’s fire illuminated the path to human progress, so too can the spark of intrapreneurship light the way toward a brighter future for businesses. Disclaimer: This article is authored by Manoj Nair,AVP &amp; Global Head of Marketing, Corporate Strategy &amp; Risk, Infosys BPM. The opinions expressed are those of the author and do not necessarily reflect the views of Business Insider India. This article is published by the Insider Studios team. You can get in touch with them on <a href="mailto:insiderstudios@businessinsider.in">insiderstudios@businessinsider.in</a>.

Ignite the fire of innovation: The intrapreneurship advantage

<keyword id="19981455" type="General" weightage="100" keywordseo="Ratan-Tata" source="keywords">Ratan Tata</keyword>’s death has sent waves of grief across the nation. The industrialist breathed his last on Wednesday (October 9) at a hospital in Mumbai and reactions have been pouring in on social media. From political leaders to <keyword id="20659120" type="General" weightage="20" keywordseo="business-tycoons" source="keywords">business tycoons</keyword> and Bollywood celebrities, a lot of prominent personalities have reacted to Ratan Tata's death. He might no longer be with us, but his presence can be felt in the <keyword id="19984918" type="General" weightage="20" keywordseo="legacy" source="keywords">legacy</keyword> that he has left behind. Singer and actor <keyword id="20085213" type="General" weightage="20" keywordseo="Diljit-Dosanjh" source="keywords">Diljit Dosanjh</keyword>, who is in Europe for his Dil-Luminati World Tour, paid an emotional <keyword id="19933367" type="General" weightage="20" keywordseo="tribute" source="keywords">tribute</keyword> to Ratan Tata during his recent concert in Germany. He halted his performance to remember the legendary industrialist who passed away at the age of 86. In a heartfelt moment captured by fans, <keyword id="20984167" type="General" weightage="20" keywordseo="diljit" source="keywords">Diljit</keyword> took to the stage to share a few words about Tata, addressing the audience in Punjabi. The video, which quickly spread on social media, shows the singer expressing deep respect for the late businessman. “Ratan Tata has left us, and I feel it’s important to take a moment to honour him,” Diljit said. “He was a man who worked tirelessly, and whatever I’ve read or heard about him, he never spoke ill of anyone," he added. Diljit’s tribute highlighted Tata’s commitment to hard work, integrity, and kindness. He continued, “He lived his life with purpose, always doing good for others. If there’s one lesson we can all take from him, it’s to work hard, stay positive, and live our lives to the fullest, helping others along the way.” The singer also acknowledged Tata’s influence on many lives, saying, “This is how life should be. We can learn so much from the way he conducted himself.” Diljit later shared the tribute on his Instagram story, posting a video from a fan page with the message, “RIP Ratan Tata,” expressing his personal sorrow over the loss of such a towering figure. After completing his international shows, Diljit is set to return to India for the next leg of his tour, beginning in New Delhi on October 26. Meanwhile, in Mumbai, a Garba and Dandiya night also saw a tribute to Ratan Tata, as the crowd paused their celebrations to honour his memory. An X user, Fenil Kothari, shared a video of the event, where attendees lit up their phone flashlights while performers on stage sang songs in homage to the late industrialist. “One of the most memorable parts of the evening was paying tribute to Ratan Tata Sir, especially during Navratri. We hope his soul finds peace on this sacred occasion,” Kothari wrote. Another video from Goregaon’s NESCO compound showed hundreds of people observing a moment of silence, pausing their Garba dance to remember the icon. Tata, who was born on December 28, 1937, was known not just for his business acumen but also for his charitable work. His contributions to India’s growth and his dedication to improving the lives of others have left a lasting legacy. The public has been invited to pay their respects to the veteran industrialist at NCPA Lawns in Mumbai on Thursday, ahead of his final rites later in the day. Tata’s loss marks the end of an era for Indian industry, but his values and vision will continue to inspire generations.

'Never spoke ill of anyone, much to learn from him': Diljit Dosanjh halts Germany concert to pay tribute to Ratan Tata

Tesla attracts millions of job seekers annually. The few who receive offers typically face a calculated gamble: Accept lower base pay up front for the chance of a potentially lucrative future payout.Business Insider secured access to an internal Tesla pay database, covering nearly 100,000 employees as of December 2021. That data, along with public filings and interviews with people who have worked for the automaker, reveal the company's pay strategy. Tesla offers lower base salaries than its tech and automotive peers but offers substantial stock grants.Even Tesla's top earners must bet on the company. This high-risk, high-reward system is coupled with a selective hiring process that has in the past included <a target="_blank" href="https://www.businessinsider.com/elon-musk-email-tesla-approve-new-hires-2023-5">Elon Musk's sign-off for every hire</a>.Using Tesla's internal salary database, BI looked at median base pay for the roughly 13,000 full-time, salaried, US-based employees across the internal job categories that Tesla uses to define workers in business units, such as engineering, manufacturing, or data management. (BI excluded pay for hourly workers, many of whom work in manufacturing, as it was not possible to accurately calculate their median annual pay based on hourly payroll data.)BI further broke down the data to look at median base pay by job title, analyzing the numbers for full-time, US-based, salaried roles with at least five employees.The base pay for these titles, which include directors of engineering and managers who work in Tesla's service centers fixing vehicles, ranges from about $35,000 to $324,000, according to the data.Nine current and former workers told BI the pay structure has largely remained in place since December 2021 and is ultimately part of Musk's quest to hire only the most <a target="_blank" href="https://www.businessinsider.com/elon-musk-tells-twitter-tesla-staff-be-hardcore-old-email-2022-11">"hardcore" workers</a>."The whole system is set up to find the fanatics," a current Tesla worker with knowledge of the company's hiring process said. "They could get better pay somewhere else, but we want the people who are die-hard Tesla."A former Tesla recruiter who worked with the company until 2024 said the automaker's <a target="_blank" href="https://www.businessinsider.com/how-to-get-hired-at-tesla-job-interview-process">interview process</a> for engineers — which typically entails at least nine interviews and can take months — and the company's pay structure are designed to weed out workers who are looking to just "clock in and clock out.""It's a culture thing," the former recruiter said. "It's not even about how smart you are or how much you know. They're looking for a willingness to learn and put in the extra hours."Tesla, Musk, and the company's board of directors did not respond to requests for comment.In a December 2023 <a target="_blank" rel="noopener noreferrer" class="c-link" href="https://www.sec.gov/Archives/edgar/data/1318605/000162828024002390/tsla-20231231.htm">regulatory filing</a>, Tesla reported it employed more than 140,000 people worldwide. In April, Tesla told staff it planned to <a target="_blank" rel="noopener noreferrer" class="c-link" href="https://www.businessinsider.com/elon-musk-sent-tesla-employees-email-announcing-layoffs-read-memo-2024-4">cut more than 10% of its workforce</a>. A June <a target="_blank" rel="noopener noreferrer" class="c-link" href="https://www.cnbc.com/2024/06/21/tesla-has-downsized-by-at-least-14percent-this-year-internal-number-shows.html#:~:text=Tesla%20internal%20records%20viewed%20by,includes%20hourly%20and%20salaried%20workers.">estimate</a> from CNBC placed Tesla's headcount at just over 120,000.Using separate data from the Securities and Exchange Commission, BI compared the company's median base pay with that of traditional automakers and the six largest tech firms by market cap. Tesla lags behind all of them except Amazon. While there are a variety of factors that can affect a company's median salary — for example, Amazon's large warehouse workforce or Apple's large retail workforce — the data is consistent with what four current and former Tesla employees say: Tesla's base salaries are generally less than competitors'.Nvidia, Ford, Meta, and Amazon declined to comment on their employee compensation packages. Apple, Microsoft, and Alphabet did not respond to a request for comment. GM said it has doubled its staff in Silicon Valley over the past six months and is competitive in hiring talent away from tech firms.Nine current and former people in engineering and sales said that Tesla's stock grants make it easier to accept lower base salaries. Tesla stock could make them rich, if only on paper. On November 8, the automaker's stock surged more 8% in the wake of Donald Trump's re-election, hitting a market cap of $1 trillion.Some Tesla employees can receive millions of dollars in stock. In 2020 and 2021, 44 US-based employees were offered stock worth more than $1 million, according to the database.To get a sense of which employees were more likely to take home large grants, BI broke up stock grants based on job category. The data show that most workers in engineering received stock grants above $25,000. The value of the stock is based on the value of the shares at the time they were granted, but it's subject to change based on Tesla's share price.Of the stock offerings at Tesla, about 75% were restricted stock units, or RSUs, while nonqualified stock options made up 21%, and were given exclusively as merit-based compensation, according to BI's analysis of US-based, full-time workers. Only 4% of employees — including many executives and other high-level workers — received the stock as incentive stock options, or ISOs.Zaheer Mohiuddin, the cofounder of <a target="_blank" href="http://Levels.fyi">Levels.fyi</a>, said RSUs are very common in tech, while incentive stock options are typically reserved for longtime high-level employees or nonpublic companies. RSUs are typically included in standard compensation packages, while nonqualified stock options and ISOs are often used as additional incentives.RSUs give employees actual shares that vest over time, while ISOs simply provide the right to purchase stock at a preset price before expiration — which is potentially profitable if the stock price rises above that level, but also requires the employee to have money on hand to pay for the stock in the first place.Outside of one person within Tesla's executive job category who had no stock amount listed, Tesla executives received stock offerings worth between $950,000 and $20 million, according to the database, which displayed the latest stock amount for each employee as of December 2021. All but one of the executives' offerings were ISOs.Tesla is far from the first company to enhance base pay with stock grants. Companies like Meta, Google, and Amazon have been known to offer employees healthy stock grants. Employee survey data from 2024 from the compensation-benchmarking company <a target="_blank" href="http://Levels.fyi">Levels.fyi</a> found that Tesla's median base pay and stock grants for US-based software engineers are slightly lower than that of US-based software engineers at Meta, Amazon, Apple, Netflix, and Alphabet, collectively.Over the past five years, Tesla's stock has spiked well over 1,000%; that performance potentially makes those grants attractive.Greg Selker, a managing director at the executive recruitment firm Stanton Chase, told BI that while other Big Tech companies might have higher base pay and equity grants to match, Tesla's strength also lies in its image."There's a mission-driven element to it that allows Tesla to get away with paying less," Selker said. "These people are working to bring about the decarbonization of the planet."Musk has previously described what the stock options can do for employees. "We give everyone stock options; we've made many people who are just working the line — who didn't even know what stocks were — we've made them millionaires," he <a target="_blank" href="https://fortune.com/2023/11/30/tesla-elon-mus-unionize-staff-millionaires-stock-options/">said</a> last year.BI examined the median stock grants and the percentage of employees who received grants for each job category and found that a majority of workers in nearly every category received some type of stock grant.Tesla's pay strategy has more in common with other Silicon Valley companies like Google or Meta than it does with traditional automakers, Harley Shaiken, an auto industry and labor expert, told BI. Traditional automakers like GM or Ford rely on higher base pay while companies like Tesla, which has seen higher stock returns over the past five years, can attract talent through stock grants, Shaiken said."Tech workers are looking for the opportunity for a big payday, not just an incremental salary bump," he said.One former sales manager said Tesla's stock offerings initially attracted him to the role, but he compared them to "golden handcuffs.""The stock is the major hook. You might be unhappy in your role, but you just decide, 'I'm going to keep my head down and wait a few months longer until I vest,'" he said.Tesla's stock offerings have given some workers opportunities for major paydays. Drew Baglino, Tesla's former senior vice president of powertrain and energy engineering, and Zachary Kirkhorn, the former CFO, were awarded $20 million each.Other executives, including Musk's right-hand man Omead Afshar, received $10 million in stock offerings, according to the database."It's part of the benefit of taking a chance on a company like Tesla," one engineer who joined the company in 2015 told BI. "You might have to deal with the aches and pains of a startup — the long hours, some of the uncertainty — but there can also be a significant payoff."Aaron Greenspan, a vocal critic of Musk and the founder of PlainSite, an organization that provides access to legal documents and advocates for legal transparency, first referenced Afshar's stock grant in a lawsuit filed against defendants including Musk and Tesla, accusing them of defamation, among other claims. Lawyers for Musk and Tesla have called his claims "largely unintelligible allegations." The lawsuit is ongoing.Tesla awards stock grants with promotions and annual reviews and bases them on the company's performance, according to the salary database and conversations with four current employees. Last year, the company cut back on merit-based stock awards for staff, <a target="_blank" href="https://www.bloomberg.com/news/articles/2023-12-19/tesla-skips-merit-based-stock-awards-squeezing-compensation">Bloomberg reported</a> and the four employees told BI. In June, Musk told staff he planned to award <a target="_blank" href="https://www.businessinsider.com/tesla-stock-option-grants-awards-elon-musk-email-2024-6#:~:text=Tesla%20will%20reward%20employees%20for,at%20Tesla%20earlier%20this%20year.">additional stock grants for "exceptional performance."</a> During annual performance reviews in July, managers were limited to recommending no more than 20% of their team to be considered for the extra award, two people with knowledge said. Tesla typically awards employees restricted stock units that vest over a period of four years, the data show.Selker said historically Tesla workers have been able to count on their stock continuing to grow."It's a bet they have to make," he said. So far, stock grants have "proven to be better than cash in your pocket.""Now, if the stock were to become inconsistent or halve, then Tesla will have to change its strategy," he added.Tesla's stock has experienced significant volatility this year, slumping as low as 44% in mid-April from its price at the start of the year. Following Donald Trump's re-election, it's up nearly 30% overall year to date.At least one longtime Tesla staffer worries about new hires."I feel lucky that I got in early, but I see a lot of younger engineers expecting to reap the same benefits," they said. "And I'm not sure they will."Do you work for Tesla or have a tip? Reach out to the reporter via a non-work email and device at <a target="_blank" href="mailto:gkay@businessinsider.com">gkay@businessinsider.com</a> or <a target="_blank" rel="noopener noreferrer nofollow" class="c-link">248-894-6012</a>.

Internal Tesla salary database shows Elon Musk's strategy: Lower salaries, bigger stock grants

The department for promotion of industry and internal trade (<keyword id="19952901" type="General" weightage="20" keywordseo="DPIIT" source="keywords" meta.keywordsubtype="org" meta.entityname="DPIIT" meta.hostid="261" meta.entityid="DPIIT">DPIIT</keyword>) on Monday asked <keyword id="19957196" type="General" weightage="20" keywordseo="white-goods" source="keywords">white goods</keyword> manufacturers to participate in large numbers to avail fiscal benefits under the <keyword id="19952889" type="General" weightage="20" keywordseo="production-linked-incentive" source="keywords">production linked incentive</keyword> scheme for the sector as the response has been muted so far. Additional Secretary in the DPIIT Rajeev Singh Thakur said that the department has again reopened the application window for the PLI (production linked incentive) scheme for white goods (<keyword id="20360726" type="General" weightage="20" keywordseo="ACs" source="keywords">ACs</keyword> and LED lights). The application window is open from July 15 to October 12. "In the PLI in white goods scheme, somehow the response has been muted. ...Probably due to various reasons not sufficient response has come. So I request (the industry) to have a look and probably this time, you can consider (applying)," Thakur said at the CII Consumer Electronics and Durables Summit 2024 here. So far, 66 applicants with committed investment of Rs 6,962 crore have been selected as beneficiaries under the PLI scheme. The Union Cabinet had given approval for the PLI scheme for white goods for <keyword id="19914449" type="General" weightage="20" keywordseo="manufacturing" source="keywords">manufacturing</keyword> of components and sub-assemblies of Air Conditioners (ACs) and LED lights on April 7, 2021. The scheme is to be implemented over a seven-year period, from 2021-22 to 2028-29, and has an outlay of Rs 6,238 crore. He added that the department can hold talks with the industry separately on issues like quality control orders and logistics. Thakur told the industry that the time is right to increase investments into the country as the government has enhanced its capex and taken steps to promote <keyword id="19996629" type="General" weightage="20" keywordseo="ease-of-doing-business" source="keywords">ease of doing business</keyword>. The public capex in the last 10 years is growing at a fast pace in areas like highways, expressway, ports, airports and railways, but the commensurate response of the private sector "somehow is not up to the expectation", he said. Earlier speaking at the event, DPIIT Secretary Amardeep Singh Bhatia said that a lot of steps have been taken to promote ease of doing business, cutting down compliance burden and decriminalisation of minor offences. The government has also recently approved 12 industrial townships and the industry can look at investing there. He added that capital availability is not an issue now and the government has also provided protection to the industry from predatory imports. Schemes like PLI and semiconductor mission have been rolled out to promote manufacturing and "now we want the industry" to ensure that they have necessary collaborations in place for technology and investments. The industry should do collaborations not only to target the domestic market but also become part of global value chains. "That is an expectation we are having from the entire industry and I think industry will rise to meet these expectations... We have a huge demographic dividend and the industry should take advantage of this otherwise we will miss it," Bhatia added. He also said that there is no paucity of adequate skilled labour in the country and logistics costs too are coming down. On logistics, he cited examples of Amazon and Flipkart selling goods in the remotest part of the country. "I don't think industry should look at the current domestic demand only for collaborations. They should look at the future and export market also in addition to the domestic market," he said, adding expenditure on research and development is "abysmally" low and that needs to be enhanced. SEE ALSO:<a href="https://www.businessinsider.in/business/auto/news/upcoming-cars-launching-in-india-in-october-2024/slidelist/113809612.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/news/upcoming-cars-launching-in-india-in-october-2024/slidelist/113809612.cms" target="_blank">Upcoming cars launching in India in October 2024</a><a href="https://www.businessinsider.in/tech/mobile/webstories/upcoming-smartphones-launching-in-india-in-october-2024/slidelist/113804125.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/webstories/upcoming-smartphones-launching-in-india-in-october-2024/slidelist/113804125.cms" target="_blank">Upcoming smartphones launching in India in October 2024</a><a href="https://www.businessinsider.in/stock-market/news/krn-heat-exchanger-ipo-allotment-check-allotment-status-gmp-listing-date-and-more/articleshow/113801258.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/news/krn-heat-exchanger-ipo-allotment-check-allotment-status-gmp-listing-date-and-more/articleshow/113801258.cms" target="_blank">KRN Heat Exchanger IPO allotment – Check allotment status, GMP, listing date and more</a>

Govt asks white goods industry to apply for manufacturing sops in large numbers

<ul class="summary-list"><li>Amazon's customers are buying cheap products, the retailer's top execs said in its Thursday earnings call.</li><li>Those products are being purchased frequently and in larger amounts, the execs added.</li></ul>Amazon's customers are buying its cheaper products, but at a higher volume, the company said, announcing a positive slate of third-quarter earnings."At a time when consumers are being careful about how much they spend, we're continuing to lower prices and ship even more quickly, and we can see this resonating with customers as our unit growth continues to be strong and outpace even our revenue growth," Andy Jassy, Amazon's CEO, said in an <a target="_blank" class="" href="https://www.businessinsider.com/amazon-stock-earnings-report-call-live-updates-2024-10">earnings call</a> on Thursday.And customers are increasingly using the platform to buy cheaper everyday household items, like "health, beauty, and personal care as well as nonperishable grocery," Brian Olsavsky, Amazon's finance chief, said in the call.While these items "often have a lower average selling price," Olsavsky said that these buying patterns are still a net positive for Amazon."We see that when customers purchase these types of items from us, they build bigger baskets, shop more frequently and spend more on Amazon," Olsavsky said.Amazon's also dealing with a customer base that's "looking for deals" and "price conscious," Jassy said. He said that this consumer behavior "matches up well" with <a target="_blank" class="" href="https://www.businessinsider.com/guides/deals/amazon-prime-day">Amazon's Prime membership and sales events</a>. Paid Prime memberships have gone up this quarter, Jassy added, which has been "hugely impactful" for Amazon.<h2 id="7c171d02-c13e-4629-9b96-4874853c1aaf">Amazon's cost-conscious customer base</h2>Amid the high cost of <a target="_blank" rel="" href="https://www.businessinsider.com/why-its-expensive-to-own-a-home-mortgage-insurance-interest2024-4">homeownership</a>, <a target="_blank" rel="" href="https://www.businessinsider.com/high-childcare-costs-in-us-women-workforce-cheapest-countries-kids-2024-2">childcare</a>, and <a target="_blank" rel="" href="https://www.businessinsider.com/retirement-millennials-falling-behind-savings-americans-renters-homebuying-loans-finance-2024-05">retirement,</a> US consumers have been <a target="_blank" class="" href="https://www.businessinsider.com/how-americans-are-saving-money-less-travel-diy-projects-clothes-2024-9">saving more</a> and <a target="_blank" class="" href="https://www.businessinsider.com/shoppers-spending-less-retailers-brands-cutting-prices-economy-explained-why-2024-7">cutting back</a> on everything from food and travel to <a target="_blank" rel="" class="" href="https://www.businessinsider.com/americans-doing-less-diy-worrying-sign-economy-lowes-earnings-2024-8">home improvement</a>.Wells Fargo carried out a <a target="_blank" rel="noopener noreferrer" class="c-link" href="https://newsroom.wf.com/English/news-releases/news-release-details/2024/Two-thirds-of-Americans-have-decreased-spending-due-to-economy-Wells-Fargo-Money-Study-finds/default.aspx">survey</a> from September 5 to October 3, 2023, of more than 3,500 US adults and teenagers. Around 67% of respondents said they had slashed their spending due to the economy. And 62% of the survey's respondents said they had little left for "extras" after paying their monthly bills.Representatives for Amazon did not respond to a request for comment from Business Insider, sent outside business hours.Amazon reported <a target="_blank" class="" href="https://www.businessinsider.com/amazon-stock-earnings-report-call-live-updates-2024-10">strong third-quarter earnings</a> on Thursday. Its net sales for the quarter hit $158.9 billion, outperforming the consensus analyst estimate of $157.3 billion.Its sales in North America increased 9% year over year to $95.5 billion, while its sales internationally increased 12% year over year to $35.9 billion.Its net income increased to $15.3 billion — or $1.43 per diluted share — in Q3, compared with $9.9 billion, or $0.94 per diluted share, in the same period last year.Shortly after the results, <a target="_blank" rel="noopener" class="" href="https://markets.businessinsider.com/stocks/amzn-stock">the company's stock</a> climbed more than 6% in volatile after-hours trading. Despite a 3.3% drop during regular trading on Thursday, the stock is still up about 23% so far in 2024.

Amazon said its shoppers keep choosing cheap items – and that's good for business

<ul class="summary-list"><li>Attorneys general from 14 states are suing TikTok for harming children's mental health.</li><li>Internal research accidentally revealed this week indicates TikTok knew its algorithm was harmful.</li></ul>Details from a multi-state investigation into TikTok accidentally became public this week, revealing officials at the wildly popular video app knew they were harming American teens, according to a new report.The incriminating internal documents became public when reporters for Kentucky Public Radio realized that redacted sections of court documents instantly became unredacted when copied and pasted into a new text file, NPR reported Friday.The court documents were from Kentucky's portion of Tuesday's coordinated <a target="_blank" class="" href="https://www.businessinsider.com/ny-ag-letitia-james-stealth-trump-fraud-tiktok-2024-10">14-state effort to sue TikTok</a> for what officials say is an addictive algorithm that endangers the mental and physical health of the children who use the app.According to NPR, TikTok's internal documents show officials at parent company ByteDance discussing internal studies that show the app can harm children.Young users can become addicted to the app after viewing 260 videos on the platform, TikTok employees determined, according to the documents. Given most TikTok videos are about 8 seconds, Kentucky's authorities calculated that a child could be addicted after just 35 minutes of using the app.NPR says that in one of the newly revealed internal documents, TikTok employees say that heavy use of the app "correlates with a slew of negative mental health effects like loss of analytical skills, memory formation, contextual thinking, conversational depth, empathy, and increased anxiety."Adam Wandt, an associate professor and deputy chair for technology at the John Jay College of Criminal Justice, told Business Insider that copy-and-paste redaction errors are very common in the US court system and that he has encountered dozens of similar instances."Redacting documents is fairly difficult," Wandt said. "Very often what you have is people just putting black bars in PDFs, or black text, but the text still remains."In a statement to BI on Friday, a spokesperson said it is "highly irresponsible of NPR to publish information that is under a court seal.""Unfortunately, this complaint cherry-picks misleading quotes and takes outdated documents out of context to misrepresent our commitment to community safety," a spokesperson for the company said. "We have robust safeguards, which include proactively removing suspected underage users, and we have voluntarily launched safety features such as default screentime limits, family pairing, and privacy by default for minors under 16. We stand by these efforts."TikTok has disputed the claims made in the state lawsuits, saying through a spokesperson on Tuesday that the app protects its youngest users through "robust safeguards."According to NPR, the unredacted internal documents show that TikTok touted its tools for limiting teens' screen time despite knowing from its own research that these features had "little impact."Jayne Conroy, an attorney at Simmons Hanly Conroy, which represents some 50 plaintiffs in a class-action liability lawsuit accusing social media platforms of harming children, said the internal documents uncovered in the state investigations show that tech companies purposefully design products to "relentlessly engage and exploit the adolescent brain.""They have repeatedly worked to maximize both user engagement and profits, all at the expense of our young people's mental health, Conroy told BI. "That these companies knew and ignored this harm is exactly consistent with the allegations in our complaint," she said.Wandt told BI that the content of the documents is "not surprising at all."TikTok's policies forbid users under 13 from making an account, but the unredacted internal documents show that TikTok tells moderators to use caution when removing accounts, according to NPR. One internal document reveals that TikTok tells its moderators to not take action on reports of underage users unless the account identifies them as under 13, NPR reported.Wandt said it is "definitely within TikTok's ability to prevent minors under a certain age from using their app.""However, from a business point of view, it's not necessarily in their business interest," he said. He called TikTok's algorithm "one of the most dangerous influences on the planet right now" for children."So they have half-baked measures put in place and policies that they know don't work, and it doesn't surprise me one bit that their own internal research shows that it doesn't work because they really have no incentive to fix the issues," he said.Matthew Bergman, a founding attorney of the Social Media Victims Law Center, which represents over 3,000 plaintiffs in cases of adolescents harmed by social media, told BI that the unsealed information is "certainly consistent with what we're seeing" across TikTok and other social media."They design these products to be addictive, including through their endless scrolls," Bergman said. "They make their money by showing kids not what they want to see but what they can't look away from."

TikTok knew its algorithm harmed kids, accidentally revealed internal documents show

<ul class="summary-list"><li>This post originally appeared in the Insider Today newsletter.</li></ul>Good morning! CEOs love talking about their wins, but what about their losses? The head of a failed supersonic plane startup detailed what went wrong, <a target="_blank" href="https://www.businessinsider.com/exosonic-ceo-explains-why-his-strategy-supersonic-airliner-failed-2024-11">and how other companies might find success</a>.In today's big story, President-elect Donald Trump is nominating the people <a target="_blank" href="https://www.businessinsider.com/donald-trump-white-house-staff-cabinet-picks-list-2024-11">who will play a key role in his administration</a> and impact the business world.What's on deck:<ul><li>Markets: Elon Musk wants to gamify "dumb" government spending, and <a target="_blank" rel="noopener" href="https://www.businessinsider.com/elon-musk-leaderboard-government-spending-marketing-genius-doge-donald-trump-2024-11">experts say it's a savvy marketing strategy</a>.</li><li>Tech: A healthcare startup raised $100 million on a bet it could build an AI doc-in-a-box. <a target="_blank" href="https://www.businessinsider.com/healthcare-startup-forward-shutdown-carepod-adrian-aoun-2024-11">Now it's shutting down</a>.</li><li>Business: Internal documents viewed by BI show plans for Amazon's AI chatbot <a target="_blank" rel="noopener" href="https://www.businessinsider.com/amazon-ai-chatbot-q-coming-to-microsoft-office-365-2024-11">launching in an unlikely spot</a>.</li></ul>But first, the nominations are rolling in.If this was forwarded to you, <a target="_blank" href="https://www.businessinsider.com/subscription/newsletter/insider-today">sign up here.</a><h3 id="7fa5f018-5b05-4a37-a8dc-d3f89138bcb3">The big story</h3><h2 id="5fd547b9-ec52-41fc-8e08-4f4b27dd8097">Trump's new team</h2><div type="image" title="Trump pointing" height="667" width="1000" msid="115302524" hostid="261" sizebytes="47760"></div>President-elect Donald Trump is quickly fleshing out his cabinet, giving a sense of what his second administration will look like.Trump's slew of picks announced in recent days share a common theme: <a target="_blank" href="https://www.businessinsider.com/trump-cabinet-picks-so-far-loyalty-resumes-11">loyalty</a>. (You can find the running list of Trump administration staffers <a target="_blank" href="https://www.businessinsider.com/donald-trump-white-house-staff-cabinet-picks-list-2024-11">here</a>)With <a target="_blank" href="https://www.businessinsider.com/republicans-house-representatives-election-win-majority-2024-11">Republicans maintaining control of the House</a> and winning the Senate, the president-elect will enter the White House this January with incredible power to shape the country to his vision.Let's break down some of Trump's recent appointments and the impact they could have on the business world:<a target="_blank" href="https://www.businessinsider.com/trump-nominates-matt-gaetz-attorney-general-2024-11">US Attorney General — Matt Gaetz</a>: A surprising pick, to say the least, the representative from Florida caused havoc within his own party when he led the push to oust Kevin McCarthy from the speakership last year.Gaetz was also the subject of sex-trafficking allegations that led to an investigation by the very agency he's being nominated to lead. (The Department of Justice declined to pursue charges, but he'd been facing a probe from the House Ethics Committee.) House Speaker Mike Johnson told reporters on Wednesday that Gaetz had resigned from Congress.He's also <a target="_blank" rel="noopener" href="https://www.businessinsider.com/matt-gaetz-criticism-big-tech-trump-attorney-general-antitrust-2024-11">clashed with the tech industry</a>, suggesting Americans have an "obligation to use" their Second Amendment right when it comes to <a target="_blank" href="https://www.businessinsider.com/matt-gaetz-says-american-obligation-take-up-arms-big-tech-2021-5">Silicon Valley companies censoring conservatives</a>. Gaetz's appointment requires confirmation from the Senate, which is far from a shoo-in.<a target="_blank" href="https://www.businessinsider.com/what-trumps-secretary-state-pick-marco-rubio-means-for-china-2024-11">Secretary of State — Marco Rubio:</a> The Florida senator is an outspoken critic of China and a supporter of Taiwan. In fact, China sanctioned him twice, and his ability to travel to the country is somewhat in question.The appointment adds another wrinkle to the heightening tension between the US and China. Trump has said he wants aggressive tariffs against Chinese imports, and Rubio has raised the alarm on what he views as China's plan to harm the US economy.<div type="image" title="Fox News host Pete Hegseth at a network event in 2019" height="2555" width="3600" msid="115302517" hostid="261" sizebytes="483180"></div><a target="_blank" href="https://www.businessinsider.com/trump-pentagon-chief-pete-hegseth-world-views-ukraine-china-2024-11">Secretary of Defense — Pete Hegseth:</a> The Army veteran and Fox News host has been outspoken about the US involvement in geopolitical conflicts. Hegseth is among the growing number of Republicans questioning the US support of Ukraine. He also said he <a target="_blank" href="https://www.businessinsider.com/trump-pentagon-pick-pete-hegseth-criticized-us-involvement-ukraine-aid-2024-11">doubted Russia would invade Poland</a> if it successfully took over Ukraine.When it comes to Israel, Hegseth has been a staunch supporter. He's also pushed back against calls for a cease-fire and criticized pro-Palestinian protesters.Hegseth's takes aren't limited to international affairs. He's been critical of women serving in combat roles and diversity and equity policies in the US military.Treasury secretary — TBD: Trump's pick for his top economic advisor is being closely watched considering the key role the economy played in the election. The two front runners appear to be Scott Bessent, a hedge fund executive, and Howard Lutnick, <a target="_blank" href="https://www.businessinsider.com/wall-street-advisor-trump-lutnick-schwarzman-warsh-federal-reserve-2024-11">the co-chair of Trump's transition</a> team and the CEO of Cantor Fitzgerald.Bessent was initially viewed as the favorite, but Lutnick is <a target="_blank" href="https://www.wsj.com/politics/policy/trump-transition-co-chair-makes-late-play-for-treasury-secretary-f1b50c60">reportedly making a last-ditch effort</a> to be considered for the job.<h3 id="77f31a4c-8462-4e3d-a71f-838cb79493fb">News brief</h3><h2 id="1fcd294b-3f53-425f-9f20-4093e8623b59">Top headlines</h2><ul><li>Silicon Valley investors Marc Andreessen and Ben Horowitz <a target="_blank" rel="noopener" href="https://www.businessinsider.com/marc-andreessen-ben-horowitz-react-trump-win-crypto-founders-2024-11">celebrate Trump's win as 'a boot off the throat</a>.'</li><li>Why SoftBank bet $500 million on OpenAI. SoftBank's Vision Funds CFO <a target="_blank" href="https://www.businessinsider.com/softbank-openai-investment-explained-vision-fund-cfo-2024-11">told BI why it went all-in on the startup</a>.</li><li>Amazon is shuttering Freevee and some insiders fear <a target="_blank" href="https://www.businessinsider.com/amazon-shuttering-freevee-some-insiders-speculate-potential-entertainment-layoffs-2024-11">layoffs could be coming in the tech giant's entertainment arm</a>.</li><li>Mark Zuckerberg just released his own NSFW version of <a target="_blank" href="https://www.businessinsider.com/mark-zuckerberg-t-pain-get-low-rap-song-2024-11">'Get Low' in a tribute to his wife</a>.</li></ul><h2 id="8120060b-ae66-48dc-b149-f0489a30ffa2">3 things in markets</h2><div type="image" title="A photo illustration comprising a black-and-white photo of Elon Musk's profile over a leaderboard with dollar signs that decrease down the board." height="1500" width="2000" msid="115302527" hostid="261" sizebytes="121084"></div><ol><li>Loving the leaderboard: Elon Musk wants to gamify "dumb" government spending. Donald Trump tapped Musk and Vivek Ramaswamy to co-lead the Department of Government Efficiency, a commission aimed at slimming government waste. Musk has <a target="_blank" rel="noopener" href="https://www.businessinsider.com/elon-musk-leaderboard-government-spending-marketing-genius-doge-donald-trump-2024-11">teased a public leaderboard to track government spending</a>, which, if implemented, could keep the public engaged. <a target="_blank" href="https://www.businessinsider.com/elon-musk-vivek-ramaswamy-doge-government-efficiency-what-us-spends-2024-11">BI took a look at what the US actually spends money on</a>.</li><li>Inflation stays in line with expectations. October's consumer price index <a target="_blank" href="https://www.businessinsider.com/inflation-october-cpi-consumer-price-index-federal-reserve-interest-rates-2024-11">rose 2.6% compared to the same time last year</a>, representing a slight uptick from September's 2.4% report. Despite inflation heating up, the probability of the Fed making a 25-basis-point cut next month increased to about 80% after the report's release.</li><li>Polymarket's CEO was the subject of an FBI raid. Shayne Coplan, the 26-year-old boss of the betting market platform that successfully predicted Trump's win, reportedly had his phone and electronic devices <a target="_blank" href="https://www.businessinsider.com/fbi-raid-polymarket-ceo-shayne-coplan-nyc-2024-election-2024-11">confiscated by federal agents Wednesday morning</a>. Bloomberg reported the raid was tied to an investigation into the company accepting trades from users in the US, which is not permitted. A Polymarket spokesperson said it was an act of "political retribution" by the Biden administration.</li></ol><h2 id="f4b54806-7f81-450c-ba32-92560d4fae9b">3 things in tech</h2><div type="image" title="Forwards CEO Adrian Aoun with the Carepod" height="1500" width="2000" msid="115302521" hostid="261" sizebytes="394842"></div><ol><li>Inside Forward's failed attempt to revolutionize the doctor's office. The healthcare startup Forward went all-in on its AI doc-in-a-box: "If Elon has the self-driving car, well, this is the autonomous doctor's office," its CEO said in 2023. <a target="_blank" href="https://www.businessinsider.com/healthcare-startup-forward-shutdown-carepod-adrian-aoun-2024-11">But after raising $650 million in funding, it's going dark</a>.</li><li>What some Tesla employees think about Musk's new government job. Some are celebrating stock gains, with the company's share price soaring nearly 33% year to date, <a target="_blank" rel="noopener" href="https://www.businessinsider.com/tesla-trump-stock-gains-internal-reaction-2024-11">while others worry Musk will lose focus</a>. "There's this feeling that no one fully knows where anyone else stands," one manager told BI.</li><li>A new stage in the US-China tech cold war. The focus of the AI race is moving from chip dominance to rare earths, the raw materials they're made of. Right now, China has the upper hand; <a target="_blank" href="https://www.businessinsider.com/rare-earths-tech-war-explainer-chips-ai-china-us-2024-11">here's how it's tried to outmaneuver the US</a>.</li></ol><h2 id="9260fa45-d397-4b3c-b4f8-4bb193976216">3 things in business</h2><div type="image" title="The O's of the Hollywood sign walking away with film equipment" height="1457" width="1943" msid="115302520" hostid="261" sizebytes="350770"></div><ol><li>Hollywood's leaving. The film industry is ditching Los Angeles for up-and-coming entertainment hubs like Atlanta and smaller cities alike. Some have been preparing for an LA exodus for years, but the pandemic ushering in remote work <a target="_blank" href="https://www.businessinsider.com/hollywood-leaving-los-angeles-remote-work-tv-movies-money-streaming-2024-11">helped provide the final push</a>.</li><li>Too many videos, not enough mentors. Nobody knows how to do their jobs anymore because their companies aren't teaching them. Training is an easy place for companies to cut costs, but it comes back to hurt them in the long run. <a target="_blank" href="https://www.businessinsider.com/job-training-broken-gen-z-mentorship-companies-employees-managers-2024-11">Those who do invest often put their money toward the wrong fixes</a>.</li><li>Exclusive: Amazon's chatbot Q enters enemy territory. Internal documents obtained by BI show the cloud giant is looking to launch a Q add-in for a rival suite: Microsoft Office 365. Amazon hopes the integration could expand Q's user base by <a target="_blank" href="https://www.businessinsider.com/amazon-ai-chatbot-q-coming-to-microsoft-office-365-2024-11">piggybacking on Office's popularity</a>.</li></ol><h2 id="9f5d80ac-3466-429f-a50a-2ffbb70c65ff">What's happening today</h2><ul><li>Disney, Brookfield and other companies report earnings.</li><li>EU reveals Q3 GDP growth figures.</li></ul>The Insider Today team: Dan DeFrancesco, deputy editor and anchor, in New York. Grace Lett, editor, in Chicago. Ella Hopkins, associate editor, in London. Hallam Bullock, senior editor, in London. Amanda Yen, fellow, in New York. Milan Sehmbi, fellow, in London.

You Searched For "international business" and got 13 results

International Business Expansion

International airlines are all-in on fancy first-class seats, even as US carriers focus only on business for long-haul flights

Taylor Rains

Critical Role CEO Travis Willingham says the crew's got an international wishlist of places to take their nerdworld business

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I lost half my weight in 3 years. I have body dysmorphia from all the loose skin I have.

Jane Ridley

Japan is giving free flights to international tourists, but it may backfire

Mikhaila Friel

In leaked internal meeting, Amazon retail chief says sales of cheaper items are surging

Eugene Kim

Ignite the fire of innovation: The intrapreneurship advantage

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'Never spoke ill of anyone, much to learn from him': Diljit Dosanjh halts Germany concert to pay tribute to Ratan Tata

Divyanshi Sharma

Internal Tesla salary database shows Elon Musk's strategy: Lower salaries, bigger stock grants

Grace Kay,Madison Hoff

Govt asks white goods industry to apply for manufacturing sops in large numbers

PTI

Amazon said its shoppers keep choosing cheap items – and that's good for business

Aditi Bharade

TikTok knew its algorithm harmed kids, accidentally revealed internal documents show

Kenneth Niemeyer,Laura Italia…

Some of Trump's key cabinet picks provide clues to how his administration will approach the business world

Dan DeFrancesco

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