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Deutsche Bank moving jobs from Florida to India

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  • Deutsche Bank AG is offshoring around 60 accounting jobs out of Florida to India, Bloomberg reported on Friday, citing sources.
  • The move comes as part of a larger shift by the struggling German lender to move back-office staff members to lower-cost countries.

Deutsche Bank AG, which several years ago moved staff out of New York to cheaper US cities, is now shifting some of those those jobs to India.

Germany’s largest lender is relocating around 60 accounting positions to Mumbai from Jacksonville, Florida, in a bid to reduce expenses, Bloomberg reported on Friday, citing anonymous sources. This move is part of a larger shift in which the bank intends to outsource more jobs from US to India later this year. 

Big banks broadly have been moving workers from high-cost locales like New York to places like Jacksonville and Salt Lake City for years. For instance, Goldman Sachs is moving dozens of compliance jobs out of New York City to cheaper places like Salt Lake City, Business Insider previously reported

But Deutsche Bank is taking this a step further, by moving some back-office staff out of the US entirely. 

2018 was rough for Deutsche Bank.

See also: Deutsche Bank has hired a new managing director in credit trading, one of the bank’s top businesses

The bank has been dogged by high levels of executive turnover and legal fines and a few months ago, prosecutors raided the lender’s offices in Frankfurt. The raids were said to have included the offices of its board members, suggesting that the investigation linked to the bank’s role in the “Panama Papers” money-laundering scandal is spreading. The news caused Deutsche Bank shares to fall to a record low. 

Anticipating a year of unease ahead, the bank’s executives have pledged to keep a lid on costs, Reuters reported. The lender has set the costs to 22 billion euros in 2019. 

Deutsche Bank is also set to relocate its North American headquarters to Midtown from Wall Street after a 16-month search.

Sign up here for our weekly newsletter Wall Street Insider, a behind-the-scenes look at the stories dominating banking, business, and big deals.

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Deutsche Bank AG is offshoring around 60…

Deutsche Bank is moving jobs from sunny Florida to India to cut costs

Deutsche Bank AG,Offshore,India,Technology

Deutsche Bank is moving jobs from sunny Florida to India to cut costs

2019-01-11T21:12:43+01:00

2019-01-11T18:28:33+01:00

2019-01-11T21:14:31+01:00

https://static1.businessinsider.de/image/5c38f905bde70f441b2d736e-500-250/deutsche-bank-is-moving-jobs-from-sunny-florida-to-india-to-cut-costs.jpg

BusinessInsiderDe



Deutsche Bank AG is offshoring around 60 accounting jobs out of Florida to India, Bloomberg reported on Friday, citing sources.
The move comes as part of a larger shift by the struggling German lender to move back-office staff members to lower-cost countries.

Deutsche Bank AG, which several years ago moved staff out of New York to cheaper US cities, is now shifting some of those those jobs to India.
Germany’s largest lender is relocating around 60 accounting positions to Mumbai from Jacksonville, Florida, in a bid to reduce expenses, Bloomberg reported on Friday, citing anonymous sources. This move is part of a larger shift in which the bank intends to outsource more jobs from US to India later this year. 
Big banks broadly have been moving workers from high-cost locales like New York to places like Jacksonville and Salt Lake City for years. For instance, Goldman Sachs is moving dozens of compliance jobs out of New York City to cheaper places like Salt Lake City, Business Insider previously reported. 
But Deutsche Bank is taking this a step further, by moving some back-office staff out of the US entirely. 
2018 was rough for Deutsche Bank.
See also: Deutsche Bank has hired a new managing director in credit trading, one of the bank’s top businesses
The bank has been dogged by high levels of executive turnover and legal fines and a few months ago, prosecutors raided the lender’s offices in Frankfurt. The raids were said to have included the offices of its board members, suggesting that the investigation linked to the bank’s role in the “Panama Papers” money-laundering scandal is spreading. The news caused Deutsche Bank shares to fall to a record low. 
Anticipating a year of unease ahead, the bank’s executives have pledged to keep a lid on costs, Reuters reported. The lender has set the costs to 22 billion euros in 2019. 
Deutsche Bank is also set to relocate its North American headquarters to Midtown from Wall Street after a 16-month search.
Sign up here for our weekly newsletter Wall Street Insider, a behind-the-scenes look at the stories dominating banking, business, and big deals.
See also:

Wall Streeters fled to Silicon Valley to chase riches, influence, and a better life. Now they’re bouncing back to banking.
Morgan Stanley is cutting dozens of jobs across sales and trading right before year-end bonuses

international

Deutsche Bank AG is offshoring around 60…

Deutsche Bank is moving jobs from sunny Florida to India to cut costs

Deutsche Bank AG,Offshore,India,Technology

Deutsche Bank is moving jobs from sunny Florida to India to cut costs

2019-01-11T21:12:43+01:00

2019-01-11T21:14:31+01:00

https://static1.businessinsider.de/image/5c38f905bde70f441b2d736e-500-250/deutsche-bank-is-moving-jobs-from-sunny-florida-to-india-to-cut-costs.jpg

BusinessInsiderDe



Deutsche Bank AG is offshoring around 60 accounting jobs out of Florida to India, Bloomberg reported on Friday, citing sources.
The move comes as part of a larger shift by the struggling German lender to move back-office staff members to lower-cost countries.

Deutsche Bank AG, which several years ago moved staff out of New York to cheaper US cities, is now shifting some of those those jobs to India.
Germany’s largest lender is relocating around 60 accounting positions to Mumbai from Jacksonville, Florida, in a bid to reduce expenses, Bloomberg reported on Friday, citing anonymous sources. This move is part of a larger shift in which the bank intends to outsource more jobs from US to India later this year. 
Big banks broadly have been moving workers from high-cost locales like New York to places like Jacksonville and Salt Lake City for years. For instance, Goldman Sachs is moving dozens of compliance jobs out of New York City to cheaper places like Salt Lake City, Business Insider previously reported. 
But Deutsche Bank is taking this a step further, by moving some back-office staff out of the US entirely. 
2018 was rough for Deutsche Bank.
See also: Deutsche Bank has hired a new managing director in credit trading, one of the bank’s top businesses
The bank has been dogged by high levels of executive turnover and legal fines and a few months ago, prosecutors raided the lender’s offices in Frankfurt. The raids were said to have included the offices of its board members, suggesting that the investigation linked to the bank’s role in the “Panama Papers” money-laundering scandal is spreading. The news caused Deutsche Bank shares to fall to a record low. 
Anticipating a year of unease ahead, the bank’s executives have pledged to keep a lid on costs, Reuters reported. The lender has set the costs to 22 billion euros in 2019. 
Deutsche Bank is also set to relocate its North American headquarters to Midtown from Wall Street after a 16-month search.
Sign up here for our weekly newsletter Wall Street Insider, a behind-the-scenes look at the stories dominating banking, business, and big deals.
See also:

Wall Streeters fled to Silicon Valley to chase riches, influence, and a better life. Now they’re bouncing back to banking.
Morgan Stanley is cutting dozens of jobs across sales and trading right before year-end bonuses

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Tim Cook said Apple will reduce hiring in certain divisions

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Tim CookTim CookAP

Apple will cut back on hiring for certain divisions as the company re-adjusts its plans in the face of slowing iPhone sales, according to a Bloomberg report on Wednesday.

CEO Tim Cook told employees during a meeting earlier this month that Apple would reduce hiring for certain unspecified groups, but said the company would not impose a hiring freeze, Bloomberg reported citing anonymous sources. 

Cook said he still had not fully decided which groups within Apple would be affected. 

The comments were reportedly made at an all-hands meeting the day after Apple’s surprise disclosure that sales in its holiday quarter fell billions of dollars short of its expectations.

Apple did not immediately return a request for comment.

Developing…


Apple will cut back on hiring for certain…

Tim Cook said Apple will reduce hiring in certain divisions because of the iPhone sales slowdown

Apple,Tim Cook,iPhone

Tim Cook said Apple will reduce hiring in certain divisions because of the iPhone sales slowdown

2019-01-17T00:15:11+01:00

2019-01-17T00:14:06+01:00

2019-01-17T00:29:04+01:00

https://static3.businessinsider.de/image/5c3fbb6dbde70f0b3e3cec09-500-250/tim-cook-said-apple-will-reduce-hiring-in-certain-divisions-because-of-the-iphone-sales-slowdown.jpg

BusinessInsiderDe



Apple will cut back on hiring for certain divisions as the company re-adjusts its plans in the face of slowing iPhone sales, according to a Bloomberg report on Wednesday.
CEO Tim Cook told employees during a meeting earlier this month that Apple would reduce hiring for certain unspecified groups, but said the company would not impose a hiring freeze, Bloomberg reported citing anonymous sources. 
Cook said he still had not fully decided which groups within Apple would be affected. 
The comments were reportedly made at an all-hands meeting the day after Apple’s surprise disclosure that sales in its holiday quarter fell billions of dollars short of its expectations.
Apple did not immediately return a request for comment.
Developing…

international

Apple will cut back on hiring for certain…

Tim Cook said Apple will reduce hiring in certain divisions because of the iPhone sales slowdown

Apple,Tim Cook,iPhone

Tim Cook said Apple will reduce hiring in certain divisions because of the iPhone sales slowdown

2019-01-17T00:15:11+01:00

2019-01-17T00:29:04+01:00

https://static3.businessinsider.de/image/5c3fbb6dbde70f0b3e3cec09-500-250/tim-cook-said-apple-will-reduce-hiring-in-certain-divisions-because-of-the-iphone-sales-slowdown.jpg

BusinessInsiderDe



Apple will cut back on hiring for certain divisions as the company re-adjusts its plans in the face of slowing iPhone sales, according to a Bloomberg report on Wednesday.
CEO Tim Cook told employees during a meeting earlier this month that Apple would reduce hiring for certain unspecified groups, but said the company would not impose a hiring freeze, Bloomberg reported citing anonymous sources. 
Cook said he still had not fully decided which groups within Apple would be affected. 
The comments were reportedly made at an all-hands meeting the day after Apple’s surprise disclosure that sales in its holiday quarter fell billions of dollars short of its expectations.
Apple did not immediately return a request for comment.
Developing…

international



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How to Sort Through a Cornucopia of Television Shows

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How do New York Times journalists use technology in their jobs and in their personal lives? Aisha Harris, assistant TV editor for The Times, discussed the tech she’s using.

What’s your setup for watching the TV shows or movies you review? What could be better about it?

Much of my TV and movie consumption for work involves screeners, which are sent out to the press ahead of release. For TV, these screeners are almost always in digital form, via the network’s press site or a link sent by email, so I usually watch those on my laptop. On the rare occasion I’m not feeling too lazy — or if it’s a show, like “Homecoming,” that really rewards viewing on a bigger screen — I’ll hook up my laptop to my TV. If I’m unable to attend a press screening in person for a movie I’m reviewing, I’ll review the DVD at home on my TV.

My fiancé and I recently upgraded our home entertainment setup, with a 50-inch 4K Amazon Fire TV. We also own a Sonos soundbar and a two-room Sonos Play:1 wireless speaker set that sounds incredible.

The only downside is that the wireless speakers have been cutting in and out for some time when paired with our TV. Troubleshooting on our own thus far hasn’t yielded great results, and the tech support hours coincide with when we’re at work. It’s a fairly common problem, according to the multiple message boards I’ve stumbled upon, so I’m hoping someone can help us find a quick, easy solution soon.

How has your setup for watching TV and movies changed over time?

When I moved to New York in my early 20s for graduate school, my roommates and I had a common area with a TV, but I rarely used it. I was the millennial who saw no need for cable anymore once I could stream almost everything I wanted, and I was content viewing primarily on my laptop. With rare exception, I never had time for or cared enough to watch shows while they aired live, so finding it online later was my go-to.

I still don’t have cable, but I do have pretty much every major streaming service there is — Netflix, Hulu Live (which is basically cable), HBO, Showtime, Amazon and, once upon a time, FilmStruck (R.I.P.).

Streaming services like Netflix and Hulu give you tons of options for programs to watch. The downside is that it feels impossible to decide what to watch. How do you pick a program to watch? 

The short answer: I keep a running list of movies and shows I want to eventually see on my Notes app (it’s very long and never-ending), and when I’m able to watch something that isn’t directly work related, I consult the app and choose whatever fits my mood.

The long answer is that often none of the titles on said list fit my mood in the moment. This conundrum is almost as maddening to me as having a case of severe writer’s block. To put it bluntly: There have been times when, after flipping through the various services and perusing the latest “new to streaming” articles online, I suddenly look at the clock and realize that 90 minutes have passed. I’ve watched nothing! I could have had a brand-new movie viewing experience in that time. Or binged approximately four episodes of “30 Rock.”

Actually — almost as embarrassing as wasting so much time merely trying to decide what to watch is the fact that I usually wind up just rewatching something I’ve already seen a million times, like “30 Rock” or “The Twilight Zone.”

Related: How do you determine which shows or movies are worth writing about?

The “worthiness” of a show or a movie when it comes to coverage can be baked in: the names involved, the subject matter (Is it adapted from a wildly popular book series? Are our writers and critics excited about it?), the network or platform it’s appearing on. Social media plays a part, too, however — if something not initially on my radar is getting a lot of buzz on Twitter, I’ll at minimum check it out and see what it’s all about.

In the past, cord-cutting was an impractical option because people missed out on live sports or broadcast news. What’s the situation today?

I have zero interest in live sports or broadcast news — I get most of my news from online and via my daily RSS feed. (I’ve been using Feedly for years.) But it seems absolutely possible to not have cable and still be a sports fan and news junkie, especially because of Hulu Live or digital media players like Amazon Fire and Roku. Of course, you just wind up substituting one cord for a bunch of separate cords in this case — I’m probably paying nearly the same amount I would be if I had a cable bundle.

Outside of work, what tech product are you currently obsessed with?

A recent addition to my home is the Eufy RoboVac 30C. We have hardwood floors and a dog that sheds, which has made keeping the floor relatively clean a nearly impossible task. But this has done a good job reducing the amount of dust I find on the bottom of my socks.

I’m fairly certain it’s listening in on our conversations, and my dog scampers to the other side of the room or jumps on our bed when it passes near her, but I love it.



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Une toxine produite par les algues bleu-vert protège un crustacé contre les champignons

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Un texte de Gabriel Laurin

Les cyanobactéries, qu’on appelle communément algues bleu-vert, produisent de la microcystine. Normalement nuisible aux animaux, la daphnie, un petit crustacé d’eau douce, l’absorbe sans problème.

Au contraire, ingérer la toxine protégerait la « puce d’eau » contre les assauts de divers champignons.

Cette étude montre que les daphnies vivant dans les lacs du Michigan peuvent être protégées des parasites fongiques grâce aux toxines présentes dans les cyanobactéries en floraison.

Mark Hunter, professeur à l’université du Michigan, en entrevue à Science Daily

Nourrir des crustacés

En laboratoire, l’équipe a divisé plusieurs daphnies en 9 groupes différents.

Les niveaux de microcystine lors des floraisons de cyanobactéries sont beaucoup plus élevés qu’à l’habitude. Les chercheurs en ont ainsi ajouté dans certains régimes de cyanobactéries pour simuler l’effervescence des algues bleu-vert.

Les autres daphnies ont dû se contenter d’algues vertes régulières, qui ne produisent pas de microcystine.

Ces animaux furent ensuite confrontés à des bactéries et champignons qu’ils ont de fortes chances de rencontrer dans la nature.

À la grande surprise des chercheurs, les daphnies se nourrissant d’algues bleu-vert enrichies de microcystine ne montraient aucun signe d’infection fongique.

Peu importe le niveau de microcystine présent, cependant, aucune n’avait résisté à une infection bactérienne.

Le saviez-vous?

Les papillons monarques se protègent aussi des parasites grâce à une toxine présente dans leur nourriture de prédilection : les asclépiades.

Un des groupes de daphnies sous régime d’algues vertes a également résisté aux champignons.

Un futur médicament contre les champignons?

L’équipe doit tester le phénomène dans un lac afin de savoir si les résultats sont les mêmes qu’en laboratoire. Les chercheurs croient d’ailleurs que de nouvelles études permettraient de tester le potentiel de la microcystine en tant que produits antifongiques.

Les pathogènes fongiques ont des impacts dévastateurs sur les moissons, les animaux sauvages, et même les humains. Pour moi, la simple idée que des éléments permettant de les combattre se trouvent juste sous la surface de nos lacs est très attrayante.

Meghan A. Duffy, professeur à l’université du Michigan, en entrevue à Science Daily

Leurs résultats sont publiés dans la revue Proceedings of the Royal Society B (Nouvelle fenêtre).



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