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Economy May 28, 2026

Shepherd Jobs Go Viral as China’s ‘996’ Workers Seek Rural Escape

A farm owner in Inner Mongolia posted a simple advert for two shepherds, which went viral on Weibo,…
Lead: A farm owner in Inner Mongolia posted a simple advert for two shepherds, which went viral on Weibo, attracting over 700 applicants and underscoring growing frustration with China’s demanding ‘996’ work culture. Shepherd recruitment sparks unprecedented response on Chinese social media Zuo Xiaoyong posted the advert in late April, seeking two shepherds—preferably a couple—to manage 3,000 sheep on a 2,000‑ha pasture. Duties include summer grazing, winter indoor feeding and cleaning at a ranch 300 km from Xilinhot, near the Mongolian border. The post featured a video of sheep in green pastures and quickly amassed around 59 million views on Weibo. Compensation and applicant numbers reveal wage premium and labor surplus Monthly pay: 8,000 yuan (≈£880/US$1,180) per shepherd, above the national urban average of ~6,000 yuan. Applicants: >700 individuals, including recent graduates, factory workers, and white‑collar staff. Unemployment rates (National Bureau of Statistics, March 2026): overall 5.2 %; youth (16‑24, excluding students) 16.9 %. Escalating discontent with the ‘996’ culture fuels rural job appeal The advert tapped into widespread weariness of the “996” regime—9 am to 9 pm, six days a week—prevalent in many Chinese firms. Workers from megacities such as Shanghai and Chongqing cited extreme hours, physical strain, and lack of personal time as reasons for seeking an alternative livelihood. Potential shift toward agrarian employment could reshape China’s labor dynamics If similar rural‑focused campaigns gain traction, they may pressure companies to improve urban working conditions or spur policy incentives for agricultural hiring. Zuo already has a shortlist of 40+ couples for future roles, indicating a nascent market for “escape‑the‑city” employment.
#Zuo Xiaoyong #Inner Mongolia #996 culture
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Business May 28, 2026

Patagonia Sues Environmental Drag Queen Pattie Gonia Over Trademark

Patagonia has filed a trademark lawsuit against environmental drag queen Pattie Gonia, accusing the…
The Trademark Battle Between Outdoor Gear and Drag ActivismPatagonia, the renowned outdoor clothing company, has launched a trademark lawsuit against environmental drag queen Pattie Gonia (real name Wyn Wiley), accusing the activist of attempting to trademark a name that would harm their brand. The lawsuit, filed on January 21 in a federal court in Los Angeles, seeks $1 in damages plus legal fees, claiming Wiley's trademark application would "irreparably harm" Patagonia's brand.The Environmental Activist's ResponseIn response to the lawsuit, Wiley has publicly accused Patagonia of "trying to erase an activist" in a video posted on Instagram. Wiley, who has accumulated millions of followers online for environmental activism and has raised almost $4 million for non-profits, stated: "This is a betrayal of Patagonia's core mission. Because if they're 'in business to save the home planet', why are they suing a climate activist?"The Financial and Legal StakesWhile Patagonia claims it is only seeking $1 in damages, Wiley points out that the legal fees to fight to keep their drag name would cost significantly more. "This is not a brand conflict," Wiley said. "This is a corporation trying to erase an activist. This is how corporations bully individuals who cannot match their resources." The drag queen acknowledged that their merchandise involved "playful parody" of Patagonia but denied ever using the company's branding, logo, or font, noting that "drag is built on parody, puns and jokes."Industry Implications for Brand ProtectionThis case highlights the complex intersection of trademark law, activism, and corporate identity. Patagonia, which has built its brand on environmental activism, now faces backlash from fans who see the lawsuit as contradictory to their values. The company's social media has been inundated with thousands of comments from Pattie Gonia supporters calling on the company to drop the lawsuit. This case may set a precedent for how companies with activist-oriented brands handle similar situations in the future.Future Outlook for Both PartiesPatagonia has stated that it wishes Pattie Gonia "to have a long and successful career and make progress on issues that matter – but in a way that respects Patagonia's intellectual property." The company also emphasized that "this matter is not about seeking financial gain, nor is it about challenging anyone's identity or right to advocacy, protest, or creative expression." Meanwhile, Wiley has sent a letter to Patagonia's board of directors asking them to drop the legal action, stating they had two choices: "The erasure of my name, my advocacy, my community, and everyone I employ. Or fight for myself and fight for us."
#Patagonia #Pattie Gonia #Trademark
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Economy May 28, 2026

Trump Administration Set to Disburse $85 bn in Tariff Refunds After Supreme Court Ruling

The Supreme Court’s February decision overturning former President Donald Trump’s tariffs has trigg…
The U.S. Supreme Court’s February ruling that former President Donald Trump overstepped his authority on sweeping tariffs has activated a massive refund program, with importers slated to receive a total of $85 bn—$20 bn already paid and $65 bn still pending, according to US Customs and Border Protection (CBP). Supreme Court Ruling Triggers Massive Refund Process The high court’s decision nullified a baseline 10% tariff on all imports, marking the first time it directly overruled a Trump‑era trade policy in his second term. CBP has opened a dedicated portal for businesses to claim refunds, and major retailers and trade groups have pledged to pursue the full $133 bn of tariffs covered by the ruling. $85 bn Refund Pipeline: $20 bn Already Paid, $65 bn Pending $20 bn refunded to importers as of the latest court filings. $65 bn expected to be disbursed in the coming months. Overall refund pool: $85 bn for U.S. importers. Households faced an average tariff‑related cost increase of $1,000 in 2025 and $700 in 2026 (Tax Foundation). Business and Consumer Relief Amidst Tariff Turmoil Companies that had been hit by the tariffs—ranging from Walmart to General Motors—have begun filing refund requests. FedEx sued the government immediately after the ruling, while Walmart indicated it would likely channel its refund toward lower consumer prices, citing pressure on lower‑income shoppers. Industry groups such as the US National Retail Federation and the US Chamber of Commerce view the refunds as a critical step toward stabilizing supply‑chain costs after a year of volatility that forced distilleries like Jim Beam to pause operations and prompted price hikes across major retailers. Future of US Trade Policy After the Court’s Decision Despite the refunds, the administration has attempted to introduce a new 10% tariff under a different statutory authority, which a US trade court rejected in May. The outcome suggests that any further tariff initiatives will likely encounter legal challenges, and businesses may continue to monitor the regulatory landscape for additional relief or new constraints.
#Donald Trump #US Customs and Border Protection #Supreme Court
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Tech May 28, 2026

Snowflake Signs $6B Deal with AWS for AI CPU Chips

Snowflake has signed a $6 billion, five-year agreement with Amazon Web Services (AWS) to use AWS's …
The Massive Deal Cloud data storage giant Snowflake has signed a new $6 billion five-year agreement with Amazon Web Services, the companies announced on Wednesday. This deal is significant, as Snowflake has sold $7 billion worth of its services via AWS Marketplace since its founding in 2012. Driving Growth with AI The growth is driven by AI, with Snowflake offering its AI building tool, Cortex AI, which provides features like text interfaces for database queries and summary reports. The increasing demand for AI processing power has led to a surge in CPU usage, with CPUs handling most tasks associated with AI. The Role of Graviton Chips Snowflake is signing this contract for more access to AWS's home-grown ARM-based CPU chip, Graviton. Amazon CEO Andy Jassy boasted that Amazon's own homegrown AI chips offer "better price-performance" than Nvidia's offerings. The Data Analysis Snowflake has sold $7 billion worth of its services via AWS Marketplace since 2012. The new deal is worth $6 billion over five years. Snowflake's customers are accelerating their spending on AWS, doubling to $2 billion in 2025. The Impact Analysis The deal highlights the growing demand for AI processing power and the increasing competition in the cloud computing market. Cloud providers like AWS are deploying chips as fast as they can to meet the demand. The Prediction The multibillion-dollar deals signed by AWS, including the one with Snowflake, show how AI is lifting the boat for cloud providers. As AI continues to grow, cloud providers will need to invest in more AI processing power to meet the demand.
#Snowflake #AWS #Amazon
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Tech May 28, 2026

Remote Achieves 50% Revenue Growth per Employee with AI Adoption

Remote, a seven-year-old Amsterdam-based payroll service provider, has surpassed $300 million in an…
The Rise of AI-Powered Payroll Remote, a seven-year-old Amsterdam-based payroll service provider, has recently surpassed $300 million in annual recurring revenue and become cash-flow positive. However, the company's true achievement lies in its 50% increase in revenue per employee after adopting AI at every level of the organization. AI Adoption Across the Organization According to CEO Job van der Voort, the key to Remote's efficiency gains is AI adoption well beyond the CEO's office or engineering department. Employees across all functions have been launching apps in Remote Labs, an internal marketplace built on the company's own technology. The Data Behind the Growth Annual recurring revenue: over $300 million Revenue growth per employee: 50% Core payroll business growth: over 300% year over year Number of companies served: tens of thousands The Impact of AI on Remote's Business Remote's adoption of AI has not only increased revenue per employee but also improved the company's overall efficiency. The company has reduced its hiring plans and is instead focusing on upskilling its existing employees to use AI tools. The Future of AI in Payroll Remote is now opening up its AI capabilities to clients, allowing them to create custom workflows. The company has also launched Remote MCP, an interface based on the Model Context Protocol, which grants AI agents and external platforms direct access to payroll and compliance data. The Prediction As AI continues to transform the payroll industry, Remote is well-positioned to lead the charge. With its focus on AI adoption and innovation, the company is poised for continued growth and success in the future.
#Remote #AI Adoption #Payroll Startup
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Business May 27, 2026

The Corporate AI Mirage: Why Brands Are Stretching to Claim AI Leadership

As the global AI boom accelerates, UK and global companies are aggressively rebranding to capitaliz…
The Corporate AI MirageUK communications executives are reporting a surge in demand from non-tech companies to be rebranded as artificial intelligence specialists. Public relations professionals describe this trend as a desperate attempt to capitalize on the current technology buzz, often stretching the truth to secure media coverage for brands that have little genuine connection to the sector.The Mechanics of 'AI Washing'The phenomenon, often termed 'AI washing,' involves companies retrofitting the 'AI' label onto existing products or services that rely on basic automation rather than advanced generative intelligence. This rebranding effort has led to bizarre applications of the technology, such as AI-powered basketball hoops and lasers designed to protect women on underground platforms.AllBirds recently 'pivoted' to acquiring AI graphics processing units.Genetics companies are hyping AI-powered blood tests.Property firms are marketing handheld scanners that generate floor plans as AI tools.The PR Backlash and Market FatigueThe saturation of the market is causing significant friction within the PR industry. Account directors report that roughly 50% of the AI-related pitches they send out are unwanted, as journalists and executives become numb to the language. This fatigue is compounded by the skepticism surrounding claims of 'AI-driven' products that are merely better automation.Even high-profile corporate figures are under scrutiny. The chief executive of Standard Chartered recently apologized for describing workers displaced by AI as 'lower-value human capital,' highlighting the tension between corporate efficiency strategies and public perception.Future Outlook: From Hype to SubstanceWhile stock market investors have largely shrugged off recent jitters over the AI boom, the long-term viability of 'AI washing' is questionable. As the industry matures, the gap between genuine AI integration and superficial rebranding will likely widen, forcing companies to either innovate or face further reputational damage.
#Business #AI #PR
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Tech May 27, 2026

Pope Leo XIV Condemns 'Culture of Power' Driving AI Rise, Calls for Ethical Constraints

Pope Leo XIV has issued his first encyclical denouncing the 'culture of power' driving artificial i…
The Papal Warning on AI's Ethical Crisis Pope Leo XIV has denounced the "culture of power" driving the rapid rise of artificial intelligence while warning that the technology must be subject to the "most rigorous" ethical constraints as it infiltrates everything from work to war. In his first major encyclical of his papacy, titled Magnifica Humanitas (Magnificent Humanity), the Pope presented the document himself during an event at the Vatican, marking a significant papal intervention in the global AI debate. The Encyclical's Core Ethical Framework The encyclical represents one of the highest forms of teaching from a pope to the Catholic church's 1.4 billion members, outlining his priorities while highlighting what he considers society's major issues. Pope Leo, who has previously identified AI as the biggest threat to humanity today, called for the "disarming" of AI, stating that some autonomous weapons systems are "practically beyond any human reach" to control. "Disarming AI means freeing it from the mentality of 'armed' competition," the Pope wrote. "To disarm does not mean rejecting technology, but preventing it from dominating humanity," adding that the technology should be "human-friendly", accessible to all and opened to discussion and debate. AI's Role in Modern Warfare In a significant warning about military applications, Leo referred to "a troubling revival of war as an instrument of international politics" and said AI was helping to facilitate the "normalization of war." He emphasized that "the development and use of AI in warfare must be subject to the most rigorous ethical constraints, to guarantee respect for human dignity and the sanctity of life and to avoid a race to develop such arms." The Concentration of Digital Power In a passage that appeared to be targeted at Silicon Valley, the Pope warned that power over digital systems, infrastructure and data "does not rest with states but with major economic and technological actors." He cautioned that when such power is concentrated "in the hands of the few" it tends to "become opaque and evade public oversight, increasing the risk of distorted forms of development that give rise to new dependencies, exclusions, manipulations and inequalities." The Vatican's Engagement with Tech Industry The Vatican has been seriously engaged on questions surrounding AI for several years, including having regular dialogues with Microsoft, Google and other big technology firms. Christopher Olah, a co-founder of Anthropic who attended the Vatican event, supported the need for greater oversight, stating that "the development of AI cannot be left solely to technology companies, urging greater oversight from religious leaders, governments and civil society." Olah warned there was "a real possibility" that AI would displace human labor "at very large scale," adding that "if that happens, supporting those displaced will be a moral imperative of historic proportions." Historical Reflections and Digital Slavery In a notable historical reflection, Pope Leo apologized for the Catholic church's long delay in condemning slavery, describing it as "a wound in Christian memory." He also spoke of the "new forms of slavery" due to the digital economy, particularly noting his family history includes both enslaved people and enslavers. "It is impossible not to feel deep sorrow when contemplating the immense suffering and humiliation endured by so many in stark contrast to their immeasurable dignity as persons infinitely loved by the Lord," the Pope wrote. "For this, in the name of the church, I sincerely ask for pardon." The Future of AI Regulation and Oversight The Pope emphasized that the Catholic church wanted to work with AI developers to discuss proper use of the technology. According to Christopher White, a senior fellow at Georgetown University's Initiative on Catholic Social Thought and Public Life, "Leo has done in this document is put the full weight of his office behind the Catholic church's efforts to be in dialogue with big tech." White noted that the Pope "is clearly approaching AI from a position of humility and making it clear that the church doesn't have all of the answers when it comes to what sort of policies are necessary for AI regulation. But he is being clear-eyed that AI development can't simply be the wild west like some of its advocates would like to see."
#Pope Leo XIV #Artificial Intelligence #Ethics
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Business May 27, 2026

SpaceX Prepares for Historic IPO Listing on Nasdaq

SpaceX, founded by Elon Musk, is set to list its shares on the Nasdaq in an initial public offering…
The SpaceX IPO: A Historic Listing on Nasdaq Tech billionaire Elon Musk’s SpaceX is preparing to list its shares on the US-based Nasdaq in what will be the most hotly anticipated initial public offering (IPO) in years. What is SpaceX? Founded in 2002 by Musk, now the world’s richest man, SpaceX is best known for designing and launching rockets, spacecraft and reusable launch vehicles. Since 2006, the company has partnered with NASA to deliver cargo and crew to the International Space Station (ISS). The Texas-based company has also launched rockets, satellites and spacecraft for various private companies. As well as its aerospace business, SpaceX provides internet services and artificial intelligence platforms through its dedicated divisions, Starlink and xAI. The Significance of the SpaceX IPO The IPO will be listed under “SPCX” on the Nasdaq, which is home to such corporate behemoths as Nvidia, Apple and Microsoft. While SpaceX has not officially confirmed the date of its public debut, multiple media reports have said it is planning to do so as early as June. Following the IPO, members of the public will be able to buy and sell SpaceX shares on the stock exchange. Why is the SpaceX IPO such a Big Deal? It is widely expected to be the largest IPO in history, and is likely to make Musk the world’s first trillionaire. The firm is aiming to raise upwards of $80bn for a market valuation of between $1.75 trillion and $2 trillion, according to media reports. Twenty-three financial institutions, including Goldman Sachs, Morgan Stanley, Citigroup, JP Morgan and BofA Securities, are underwriting the deal. Financial Performance and Future Outlook SpaceX achieved revenue of $18.6bn in 2025, up from $14bn the previous year, but suffered a net loss of $4.9bn. In the first quarter of this year, the company reported $4.7bn in revenue but made a net loss of $4.3bn. Analysts have linked some of the losses to SpaceX’s decision to acquire xAI in 2025.
#SpaceX #Elon Musk #IPO
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Business May 27, 2026

Last Chance to Apply for Startup Battlefield 200: $100,000 Equity-Free Funding

Today is the final day to apply or nominate a startup for Startup Battlefield 200, a competition of…
The Final Hour: Apply for Startup Battlefield 200 Today The application window for Startup Battlefield 200 closes today at 11:59 p.m. PT. This is the last chance for founders to apply or nominate a startup for a chance to compete for $100,000 in equity-free funding, gain global visibility, and connect directly with investors on the TechCrunch Disrupt stage. What Startup Battlefield 200 Offers Selected companies will showcase at TechCrunch Disrupt in front of 10,000+ attendees, leading venture capital firms, global media, and the broader TechCrunch audience. Founders gain direct investor access, live exposure, and the opportunity to prove they belong among the next generation of category-defining companies. Every selected company pitches live, whether on the Disrupt Stage or the Pitch Showcase Stage. Founders get direct investor access, live exposure, and the opportunity to prove they belong among the next generation of category-defining companies. The Impact of Startup Battlefield 200 More than 1,700 startups have participated in Startup Battlefield over the years. Together, they've raised over $32 billion and produced more than 250 exits, including acquisitions by Microsoft, Google, Salesforce, Uber, and Amazon. Eligibility and Application Applications are open globally across industries. Most selected startups are pre-Series A, though select Series A companies may qualify. To apply, startups should: Be building innovative, potentially category-defining products. Have a strong founding team. The Stakes Thousands apply every year. Only 200 are selected. Just 20 finalists pitch on the main Disrupt Stage. One startup wins $100,000 in equity-free funding. The Prediction If you're building something category-defining — or know a startup that deserves the spotlight — submit your nomination and complete your application before time runs out. The deadline closes tonight, 11:59 p.m. PT.
#TechCrunch #Startup Battlefield 200 #TechCrunch Disrupt
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