Author: Daniel snow

I interviewed Soham Parekh — here’s what it was like

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Russell Pompeo, hiring manager at Topaz Labs, shared three takeaways from a job interview. Mtstock Studio | E+ | Getty ImagesWhen one recruiter received Silicon Valley’s notorious serial moonlighter Soham Parekh’s job application two years ago, he was immediately impressed.This was two years before the young Mumbai-based engineer was exposed for working remotely at several Silicon Valley startups simultaneously.”I was looking at his resume, and his resume was so good that even my CEO at the time pinged me and was, like, ‘Russ, this guy looks awesome. let’s talk to this guy,'” Russell Pompea, recruiting manager at AI video startup…

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As UK budget gap grows, what is Reeves solution?

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“I said on day one that economic growth was now our national mission,” U.K. Finance Minister Rachel Reeves said in her first Mansion House speech almost a year ago.Fast forward to today and investors remain unconvinced, rattled by a slowing economy, muted investment and U.K. government debt that is nearly 100% of gross domestic product (GDP), according to the Office for Budget Responsibility, the government’s fiscal watchdog.Chancellor of the Exchequer Reeves’ upcoming Mansion House on Tuesday evening address will be a crucial moment to demonstrate progress and signal the next steps she will take to inject growth back into the U.K. economy.Investors will be looking for…

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EVs are everywhere in Oslo. Here’s what Norway has done differently

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Oslo Taxi’s Tesla model Y (L) and the NIO ET5 electric vehicle from Nio Inc, a Chinese multinational electric car manufacturer, drive through the Norwegian capital Oslo, on Sept. 27, 2024.Jonathan Nackstrand | Afp | Getty ImagesOSLO, Norway — Electric vehicles are pretty much everywhere you look in Norway.The wealthy Nordic country, which is known for its massive oil and gas reserves in the North Sea, has long been blazing a trail in the transition away from internal combustion engine (ICE) cars.A steady stream of measures to support the uptake of EVs, from tax exemptions to reduced fees, has now…

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Sickla in Stockholm will be made almost entirely of timber

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A computer-generated image showing Stockholm Wood City in Sickla, where buildings made from timber will sit alongside some of the area’s original industrial structures.Atrium Ljungberg, White ArkitekterA huge, new city is being built in Sweden, but it’s not being constructed using steel or concrete — its main building material is wood.Part of the Swedish capital, Stockholm, is set to become the “world’s largest wooden construction project,” according to its developer Atrium Ljungberg, which will invest 12 billion Swedish krona (about $1.25 billion) into the project.Sickla — an industrial area to the south of Stockholm’s center once known for manufacturing diesel…

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Japan bond yields surge as fiscal fears mount ahead of election

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The Bank of Japan headquarters in Tokyo on May 30, 2024.Kazuhiro Nogi | Afp | Getty ImagesJapan’s benchmark 10-year government bond yield climbed to its highest level since 2008 on Tuesday as concerns about fiscal spending mount ahead of an upper house election.Yields on the 10-year instrument climbed to 1.599%, the highest since 2008, data from LSEG showed. Yields on the 30-year JGB also rose to a record high of 3.21%, while Japan’s 20-year government bond yields spiked to their highest level since 1999.”Japan’s long yields and super-long yields are currently rising due to expectations of fiscal expansion after the…

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