Tausi Insider

Last Friday, Nov. 11, 2022, a watermelon made an appearance at the Ukrainian pavilion at COP27 in Egypt. Handout There is no Russian pavilion at the COP27 climate conference in Egypt. There is a Ukrainian one and it has been a hit, not just because of the environmental message it delivers but for its powerful anti-war message, too. Last Friday, an unusual guest made an appearance at the pavilion: a watermelon. It was brought in to celebrate the liberation of Kherson from Russian occupation and was placed on a chair draped with the Ukrainian flag. The fruit became a symbol of Ukraine’s victory last week when a video of a Ukrainian soldier entering the city while holding up a watermelon, as crowds cheered, went viral. “Ukraine is very good at procuring howitzers and HIMARS missiles – also watermelons in Egypt,” Oleksiy Ryabchin, Ukraine’s chief climate negotiator and former deputy minister of energy and environment, told Tausi Insider. Finding the watermelon was not easy, since they ar...

Elon Musk sent a message to Twitter Inc TWTR-N staff telling them they had until Thursday to decide whether they wanted to stay on at the company to work “long hours at high intensity” or take a severance package of three months pay. Musk told Twitter employees that anyone who had not clicked on a link confirming “you want to be part of the new Twitter” by Thursday evening New York time would be considered to have quit. A copy of the message, which was reported by The Washington Post, was reviewed by Reuters. Three sources who had received the message at Twitter confirmed its content. Twitter did not immediately respond to a request for comment from Reuters. The latest move to restructure the company comes after Twitter slashed half of its workforce earlier this month as Musk took control of the social media company. Musk has criticized Twitter’s spending and work culture, and said that the company needs steep cost cuts and a reboot of its services. “Going forward, to build a breakth...

Surging inflation has eased in recent months, but Federal Reserve Chair Jerome Powell says more evidence is needed to show that price increases are coming down in the long term. YUKI IWAMURA/AFP/Getty Images If there was any question that the Federal Reserve is willing to push the U.S. economy to the edge of recession – or even over it – to defeat inflation, Fed Chair Jerome Powell removed it Wednesday. Speaking with reporters after the U.S. central bank’s seventh interest-rate increase of 2022, Mr. Powell indicated that he’s prepared to slow the dizzying speed of U.S. interest-rate increases heading into 2023. But he made it clear that he’s not prepared to stop – even as he and his Fed colleagues projected that further rate hikes will bring the U.S. economy to a near-standstill next year. “We’re not at a sufficiently restrictive policy stance yet, which is why we say that we would expect that ongoing hikes would be appropriate,” Mr. Powell said in his news conference following the r...