Business
Kia’s 2020 Sorento beats Aston Martin & BMW

Kia’s all-new 2020 Sorento, as yet unseen on Sri Lanka’s roads, has won the illustrious German automobile prize ‘Das Goldene Lenkrad’ or the ‘Golden Steering Wheel’ awarded to new car models annually by the tabloids ‘Auto Bild’ and ‘Bild am Sonntag.’
The fourth-generation edition of the Korean nameplate’s flagship SUV defeated two premium brands, the Aston Martin DBX and BMW X6 to win this coveted award in the ‘Large SUVs’ category. In the final round of the competition, the vehicles were tested at the DEKRA Lausitzring facility, one of Germany’s most famous racetracks.
Speaking of the new Kia SUV, Tom Drechsler, Editor-in-Chief of Auto Bild said: “The predecessor was already good, but the new Sorento is an evolution. It now drives just as smoothly as it looks. There is plenty of space, smart interior details, voice control, safety features – things that can be enjoyed everywhere. And that is not just my opinion, but also that of the jury. Congratulations on a very well-deserved Goldene Lenkrad 2020.”
This is the second consecutive triumph for Kia at these awards, having received the ‘Das Goldene Lenkrad 2019’ for its XCeed compact crossover.
The new model was recognised for its modern design, innovative technologies, and ample space. At 4.81 metres in length, the new Sorento is only one centimetre longer than its predecessor. However, thanks to its new platform and increased wheelbase, it offers much more space for up to seven occupants, depending on the market. It also has one of the largest luggage compartments in its segment, up to 910 litres, depending on vehicle specification. This spaciousness is enclosed in a dynamically elegant body, which has already gained the new model the ‘All-Wheel Drive Car of the Year 2020’ (Design category) award in the renowned competition organised by all-wheel drive specialists AUTO BILD Allrad.
Business
Elon Musk launches profane attack on X advertisers

In a profanity-laced outburst, Elon Musk has slammed advertisers that have left X, warning they will kill the social media platform.
At an event in New York, he accused companies that have joined an ad boycott of the site formerly known as Twitter of trying to blackmail him.Some firms have paused advertising on X amid concerns over antisemitism, including a post from Musk himself.
“Go [expletive] yourself,” the billionaire said in an interview.
The Tesla and SpaceX boss apologised on Wednesday for that post, saying it might be the “dumbest” thing he has ever shared online.
But it was his response to a question about an advertising boycott by companies including Disney, Apple and Comcast that caused a stir at the gathering of leaders from the worlds of business, politics and culture. “I don’t want them to advertise,” Musk said at the New York Times’ DealBook Summit. “If someone is going to blackmail me with advertising or money go [expletive] yourself.
Go. [Expletive]. Yourself. Is that clear? Hey Bob, if you’re in the audience, that’s how I feel.”
He was apparently referring to Disney chief executive Bob Iger, who spoke at the summit earlier in the day.
In the room with Musk was Linda Yaccarino, X’s chief executive, who has been charged with trying to bring back advertisers to the platform.Musk also said that advertisers could kill X. “What this advertising boycott is going to do is it’s going to kill the company,” he said. “The whole world will know those advertisers killed the company, and we will document it in great detail,” he added.
Ms Yaccarino has since reposted what she called his “candid interview”, adding her perspective on advertising that “X is standing at a unique and amazing intersection of Free Speech and Main Street — and the X community is powerful and is here to welcome you”.
Musk has been on a visit to Israel after he last month appeared to personally back an antisemitic conspiracy theory. “I’m sorry for that tweet… it might be literally the worst and dumbest post that I’ve ever done,” he said on Wednesday. The boycott isn’t just to do with that post, though.
Many advertisers had already decided to spend their dollars elsewhere.
(BBC)
Business
ILO together with EFC launches pilot project to address employee grievances at the workplace

Five companies volunteer to participate in the project
By Sanath Nanayakkare
Grievance handling in Human Resource Management (HRM) refers to the process by which employee complaints, concerns, or disputes are formally addressed and resolved. The goal is to provide a structured channel for employees to express their concerns or report issues they are facing in the workplace for the benefit of the company, the management and the employees.
True to those values, the International Labour Organization (ILO) recently invited the Employers’ Federation of Ceylon (EFC) to initiate a pilot project to launch Grievance Handling Guidelines that were formulated through several workshops conducted in 2019 in consultation with ILO constituents.
Giriulla Mills Ltd, HNB Assurance Ltd, HNB General Insurance Ltd, Cambio Software Engineering and Taj Bentota Resort and Spa, volunteered to participate in this project. They represented the manufacturing, finance, IT, and hospitality sectors respectively. The pilot project was formally launched on 20th September 2022.
EFC’s team of trainers visited these selected companies and engaged in discussions with their management to gain insights into their existing employee grievance handling systems.
They also gathered feedback from employees to assess their satisfaction with present grievance mechanisms. Based on the findings, EFC team developed customised grievance handling policies aligned with each organisation’s culture and specific requirements of each company to ensure practical implementation of the same.
All these grievance policies were designed in adherence to the Guidelines on Grievance Handling which were established for Sri Lanka in 2019 through workshops conducted by the ILO.
Following the development of these policies, four training sessions were conducted for the management teams of the participating companies. During these training sessions, the policies were presented in detail. The sessions also aimed to provide a comprehensive understanding of what constitutes employee grievances, the importance of addressing them promptly and the potential consequences if grievances are left unattended.
In addition to policy dissemination, the training sessions also focused on equipping managers with the necessary skills to effectively handle employee grievances. This included discussions on communication strategies, conflict resolution techniques, and the importance of empathy and active listening when addressing employee concerns.
Business
Rage Coffee forays into Sri Lanka market

The brand has secured investment from Virat Kohli
Rage Coffee, an internationally acclaimed coffee brand, was launched in Sri Lanka recently.
Originating in 2018 from the visionary mind of Bharat Sethi, Rage Coffee emerged to address the dearth of high-quality artisanal coffee in the Indian market. It fills the void with a unique plant-based, vitamin-enriched coffee selection.
A notable milestone for Rage Coffee was securing investment from Virat Kohli during its initial seed round. Kohli, known for his discerning brand choices, not only invested but also became the official brand ambassador, accentuating the brand’s quality.
Sourcing beans from Ethiopia and India, Rage crystallizes them, preserving a distinct nutty and earthy flavor profile. The brand’s proprietary blend, boasting 100% plant-based ingredients, eliminates harmful waste elements found in other leading coffees, prioritizing nutritional value. Each serving packs an impressive 120mg of caffeine, offering a superior boost to kickstart one’s day compared to standard brands.
-
News5 days ago
SHMA ties up with NYC to increase trained personnel in hospitality industry
-
News5 days ago
RW says Jay Shah is not running Sri Lanka Cricket
-
News5 days ago
Shani A claims Rs billion from IGP, SDIG and others
-
News6 days ago
Sirisena demands action against Rajapaksa economic hitmen for triggering worst financial crisis
-
Business6 days ago
Janashakthi Group’s innovation shines at the National ICT Awards 2023
-
Business6 days ago
Wait-and-see approach by most stock investors following interest rate decline
-
Business5 days ago
AkzoNobel initiative to give local painters more opportunities at home and abroad
-
Business6 days ago
World Bank Managing Director of Operations meets ComBank’s Anagi customers in Jaffna