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Chinese electric vehicle maker BYD has launched a sale of its Hong Kong shares to raise up to $5.2 billion via an accelerated book-building, according to a deal term sheet seen by Reuters on Monday. The company has set a price range of HK$333-HK$345 per share for the offering, representing an up to 8.4% discount compared to the stock’s market closing price of HK$363.60 on Monday. The offering is expected to be priced on Monday, the term sheet said. BYD did not immediately respond to a Reuters’ request for comment. The company plans to use the proceeds to invest in research and development, expand overseas businesses, supplement working capital, and for gen…

Catherine Bashiama runs her fingers along the branches of the coffee tree she’s raised from a seedling, searching anxiously for its first fruit buds since she planted it three years ago. When she grasps the small cherries, Bashiama beams. The farmer had never grown coffee in her village in western South Sudan, but now hopes a rare, climate-resistant species will help pull her family from poverty. “I want to send my children to school so they can be the future generation,” said Bashiama, a mother of 12. Discovered more than a century ago in South Sudan, excelsa coffee is exciting cash-strapped locals and drawing interest from the international community amid a global cof…

The closing days of February were not good ones for job security in the tech industry. Over the month’s final week, major industry players, including HP, Grubhub, and Autodesk announced plans to reduce their workforce, while another startup seems to be shutting down entirely. Here’s what you need to know about the latest round of tech layoffs. HP to cut up to 2,000 workers Without a doubt, the largest number of job cuts over the last week of February was announced by computer maker HP. In a Form 8-K filing with the U.S. Securities and Exchange Commission (SEC), dated February 27, HP revealed it will eliminate between 1,000 and 2,000 of its workers. The layoffs …

There were a lot of smiling faces at the Oscars but one had to stand out—Sean Baker saw his film Anora go home with the top film prize and he took four for himself. Its star Mikey Madison was crowned best actress. Twenty-two years after winning best actor for The Pianist, Adrien Brody won the same Oscar again for his performance as another Holocaust survivor in Brady Corbet’s The Brutalist. He somehow kept the playoff music at bay. On Sunday, firefighters who battled recent wildfires got applauded, Mick Jagger handed out the best original song Oscar, and John Lithgow was tasked with looking “slightly disappointed” when speeches ran long. One highlight was Timothée Chala…

Banana Republic wants you to be ready for check in at whichever balmy, poolside escape you might venture to after months of clutching hot toddies and sloughing on heavy duty night creams. [Photo: Banana Republic] Its new White Lotus collection, made in collaboration with the hit HBO show, is a resort collection that’s about allowing its wearers to enjoy an uncomplicated spritz and shvitz in options they can pull from their suitcase while using their PTO. Banana Republic designed the mens and women’s capsule collection, available in 26 stores and online beginning March 6, with weighty high quality and ethically sourced fabrics. Prices range from $40 to $300. But mor…

Red Robin Gourmet Burgers is looking to close up to 70 underperforming locations, representing about 14% of the 498 restaurants that were operating as of the end of last year. The company has already closed one restaurant upon lease expiration, it said in an earnings release last week, and it plans to close three additional locations within the first quarter of 2025. Most of the 70 locations are likely to close at some point in the next five years once their leases expire, Restaurant Dive reported, with as many as 15 closing this year. This decision follows a review of the company’s operations, which revealed that these sites are not meeting performance expe…

There’s a cat-and-mouse game between those using generative AI chatbots to produce text undetected and those trying to catch them. Many believe they know the telltale signs—though as a journalist fond of the word “delve” and prone to em-dashes, I’m not so sure. Researchers at four U.S. universities, however, have taken a more rigorous approach, identifying linguistic fingerprints that reveal which large language model (LLM) produced a given text. “All these chatbots are coming out every day, and we interact with them, but we don’t really understand the differences between them,” says Mingjie Sun, a researcher at Carnegie Mellon University and lead author of the st…

America has been dealing with a bird flu outbreak for some time, and now fears over possible contamination in cat food have led to a recall. Here’s what to know about the recall of cat food linked to possible bird flu contamination. What’s happened? On March 1, the U.S. Food and Drug Administration (FDA) published a recall notice relating to certain products sold by Wild Coast LLC (dba Wild Coast Raw) of Olympia, Washington. The recalled products are raw pet food for cats. The reason? The products may be contaminated with Highly Pathogenic Avian Influenza (HPAI) H5N1, better known as bird flu. The bird flu virus can live in manufactured products, including pet …

Over the past decade, as I’ve curated this annual list of best bags, there’s been a strong focus on utility. But this year, bag designers are eager to create bags that make a statement, while also improving women’s lives with useful features. In some ways, the bag industry is coming full circle. When I first started working on this list, the bag industry was dominated by big brands like Coach and Kate Spade that were more concerned with fashion than function. But then, a new generation of direct-to-consumer brands like Dagne Dover, Cuyana, and Senreve popped up, creating bags full of features like laptop and water bottle sleeves that helped women get through busy days…

There are a few workplace topics that consistently bring out strong feelings, and performance reviews is at the top of that list. While most people would agree that it’s a good thing to have a tool to measure how employees are doing at their jobs, and a time for managers to discuss career advancement, very few seem to think that the way performance reviews are currently set up is working. In fact, a Gallup survey last year found that only 2% of human resource officers at major companies think their performance management system is working and just 22% of workers felt their review process was “fair and transparent.” One of the biggest complaints employees have …

After 23 years as part of advertising and marketing services holding company IPG, creative agency R/GA bought back its independence through a new partnership between R/GA’s global management and private equity firm Truelink Capital. It marks the official announcement of a move reported by AdAge earlier this month, and after leaks about a potential sale emerged last summer. The management team leading the agency back to private business is headed by R/GA’s global CEO, Robin Forbes, and chair and global chief creative officer Tiffany Rolfe. Truelink Capital is also an investor in marketing tech companies Flipp and Ansira, as well as experiential marketing firm GES. Fin…

Walt Disney’s new headquarters in New York is like a city contained within a single block. By the end of this summer, around 5,000 people will work from within the stately 1.2-million-square-foot skyscraper, and the company ambitiously designed it to create a sense of flexibility and appeal for every single one of them. [Photo: Dave Burk/Disney] That’s a tall order, because the entertainment corporation’s portfolio is more diverse than ever. Today Disney’s work includes studio films and theme parks, but also broadcast news, radio, podcasts, streaming, digital media, and magazines. The media roster, largely based in New York, includes ABC News, ESPN, Hulu, and talk…

Hello and welcome to Modern CEO! I’m Stephanie Mehta, CEO and chief content officer of Mansueto Ventures. Each week this newsletter explores inclusive approaches to leadership drawn from conversations with executives and entrepreneurs, and from the pages of Inc. and Fast Company. If you received this newsletter from a friend, you can sign up to get it yourself every Monday morning. When Wendy Cai-Lee launched Piermont Bank in 2019, she says she didn’t set out to build a board of directors led—and dominated—by women. “I was so focused on finding the best board to help me,” she says. Initially, her board consisted of seven directors, five of whom are women, includi…

YouTube celebrated its 20th birthday last month. Currently, users watch more than a billion hours of content on the Google-owned video platform every day. And increasingly, that content is streamed on TVs rather than smartphones. YouTube CEO Neal Mohan recently announced that YouTube’s TV viewership surpassed smartphone viewership in the United States for the first time. To understand why, we turned to Kurt Wilms, a senior director of product management who oversees the company’s living room strategy. In a recent interview on Fast Company’s Most Innovative Companies podcast, he talked about how content creators can optimize for the big screen and why so many people watch …

Gallup recently released new data on employee engagement, and the results are dismal. Just 3 out of every 10 employees are actively engaged—which is the lowest percentage in a decade. But despite decades of effort and investment in tackling disengagement, this persistent issue endures. If you conduct an Amazon search for books on employee engagement, you’ll get thousands of results. There are also dozens of apps and “platforms” that promise to “unleash human potential” and “help people transform,” not to mention countless, self-described “coaches” offering services related to “re-engaging” the workforce. We’ve seen the rise and fall of “perks culture,” added opp…

In today’s high-stakes business environment, stress isn’t just an individual challenge—it’s a force that shapes careers and organizations. The U.S. Department of Labor finds that 83% of workers suffer from work-related stress, and 54% say that work stress affects their home lives. In my coaching work with hundreds of professionals annually, I’ve witnessed firsthand how impossible it is to separate stress from career trajectories; they are intertwined, each influencing and shaping the other. Stress can derail even the most carefully planned career paths, yet we often treat career decisions as purely rational, despite the fact that our psychological state profoundly inf…

Sharing personal hardships like divorce, health issues, and family emergencies can make workplace conversations emotionally difficult and professionally complex. But given that our working lives are not getting shorter anytime soon, it’s not a question of if individuals will need to have these conversations, but when. And navigating these conversations professionally while managing emotions and privacy requires careful thought and preparation. Here are some strategies to help you handle sensitive discussions with confidence while maintaining personal boundaries. 1. Determine the purpose of sharing your news Getting clear on your reasons for sharing will help yo…

Matt Sia is a big fan of eggs. With his daughter, he’ll make slow scrambles bathed in pricey European butter. And as executive creative director at the design and branding firm Pearlfisher, he brought that same love to an egg carton he designed for the now retired brand Consider Pastures. The regenerative farming producers created eggs with rich burnt sienna shells, and Sia designed a complementary blue package that celebrated their natural hue. To reach this reveal, the carton unfolded in a dramatic, multi-tiered story much like an Apple product, with messages like “care” and “cultivate” highlighted in gold foil. These premium eggs sold for $5. But today, as another …

Under the rally cry of “Altadena Is Not for Sale,” the people of the multi-racial, middle-class town of Altadena, California, are aiming to take charge of their own recovery and rebuilding from the Los Angeles Eaton fires, which killed 17 people, burned more than 14,000 acres, and destroyed over 9,000 homes and businesses. Three community organizations and the local Native American tribes reflect the various perspectives, and collective unity, on how Altadena might avoid the fate of other communities whose recovery ended up being controlled by big developers. Altadena: Not For Sale, My Tribe Rise, and Altadena Strong are three community organizations who have cohosted…

This article is republished with permission from Wonder Tools, a newsletter that helps you discover the most useful sites and apps. Subscribe here. Typing isn’t always the best way to get your thoughts down. Sometimes talking through an idea leads to better clarity. New AI tools can reliably transform those spoken thoughts into clean, organized text. I’ve spent months experimenting with voice AI tools—first on my phone, and now on my laptop. They’ve been helping me pull ideas from my brain onto paper. The tools below have become crucial to my workflow. Why voice AI beats traditional transcription Traditional transcription simply converts speech to text. Mod…

In the business world, advertisers are the stunt performers. Our fragmented media and pop cultural landscape has forced brands to really push stunts into the weird and wonderful. Whether it’s Snoop threatening to give up smoking, Ben Affleck working a Dunkin’ drive-thru, or a devil baby terrorizing the streets of New York. Meanwhile in Hollywood, the stunt performers are the ones who actually pull off the death-defying action that can make us gasp. They’re a breath of IRL fresh air in a world blanketed by visual-effects technology. Now, for the biggest night in entertainment, these two worlds converge for a pretty epic stunt by both worlds’ definition. Disney Adverti…