April 5, 2021


WeWork founder Adam Neumann planning secret COVID-19 business – report

Israeli-American businessman and disgraced former WeWork CEO Adam Neumann is planning a new secret business venture relating to the global coronavirus pandemic, an insider told The New York Post on Saturday.
The 41-year-old reportedly has “big plans,” the insider claimed, and is “waiting for the right time to announce them,” though what it has to do with COVID-19 remains to be seen.

It is unclear what this next venture is for the disgraced entrepreneur, who is currently the subject of a new Hulu documentary on his rise and fall as WeWork’s CEO – though according to the insider, he has

Read More

No 10 race report authors hit out at ‘deeply personal’ criticisms | Race

The authors of the government’s contentious racial disparity report have responded to the widespread criticism of its findings, saying “deeply personal attacks” by politicians and other public figures are “irresponsible and dangerous”.

The Commission on Race and Ethnic Disparities said its conclusions had been misrepresented, with some depicting them as “racism deniers, slavery apologists or worse”.

It cited a tweet from a Labour MP who posted a photo of a Ku Klux Klan member in response to a headline that said the commission found “no evidence of institutional racism” on Wednesday. Clive Lewis had captioned the image: “Move along. Nothing

Read More

Big banks’ trillion-dollar finance for fossil fuels ‘shocking’, says report | Fossil fuels

The world’s biggest 60 banks have provided $3.8tn of financing for fossil fuel companies since the Paris climate deal in 2015, according to a report by a coalition of NGOs.

Despite the Covid-19 pandemic cutting energy use, overall funding remains on an upward trend and the finance provided in 2020 was higher than in 2016 or 2017, a fact the report’s authors and others described as “shocking”.

Oil, gas and coal will need to be burned for some years to come. But it has been known since at least 2015 that a significant proportion of existing reserves must remain

Read More

LG looking to shut down phone business instead of selling it, report says

The LG Rollable was unveiled at CES 2021.


LG is looking to shut down its mobile phone arm, Korean news site DongA reported over the weekend. The business would be shuttered instead of being sold off, the report said, citing an unnamed source, who said negotiations of a sale to Volkswagen and Vingroup JSC have stalled.

That follows a report in January from The Korea Herald that LG was looking to scrap its phone business despite having just premiered its new rollable phone tech at CES 2021.

Read more: Top foldable phones for 2021: Motorola Razr 2020, Galaxy

Read More

The Army is reviewing a Pentagon watchdog report on Michael Flynn

  • The Army is reviewing a watchdog report on money Michael Flynn earned from foreign governments. 
  • The report is from a delayed Department of Defense investigation which was launched in 2017. 
  • The investigation was paused because of the probe into Russian interference in the 2016 election.
  • See more stories on Insider’s business page.

The US Army is reviewing an internal watchdog report from the Department of Defense into former national security advisor Michael Flynn, The Washington Post reported. 

In April 2017, the Pentagon launched an investigation into money Flynn received from Russian and Turkish interests after his retirement but before he

Read More

Report: The Cheapest Cars To Insure in 2021

Shopping for a new or used car? Aside from the sticker price, the savvy car shopper should also consider how much it costs to insure the vehicle.

A recent report from personal finance site ValuePenguin ranks the cars that are the least expensive to insure.

The report’s data was pulled from insurance quotes gathered from the four largest insurers: Allstate, GEICO, Progressive and State Farm. The quotes are for a 30-year old male with a clean driving record and reflect prices in the four largest metropolitan areas in the United States: Chicago, Dallas, Los Angeles and New York.

Here are

Read More