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☆ Rerouting of oil is starting to impact the market, analyst says
▼ + stars: | 2024-02-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRerouting of oil is starting to impact the market, analyst saysAndy Critchlow, head of news, EMEA, at S&P Global Commodity Insights, discusses the outlook for the oil market amid geopolitical tensions.

Persons: Andy Critchlow Organizations: P, Commodity

☆ Will guilt-free long-haul flights ever be possible? Here’s what we know
▼ + stars: | 2023-12-04 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +13 min

Sustainable aviation fuel, or SAF, is a type of alternative jet fuel that can curb carbon emissions by up to 80%. The main reason for the slow adoption is that it’s still more expensive – between 1.5 to 6 times pricier than regular jet fuel. Boeing is not out of the race either, but doesn’t see a hydrogen long-haul plane as around the corner. On medium- and long-haul flights, we don’t see it as a direct source of propulsion until 2040. We would need to see magnitude-order changes [in batteries] for us to consider those for long-haul flights.

Persons: ”, Gary Crichlow, Gökçin Çınar, Ryan Faucett, Alexandre Doumenjou, Andreas Schäfer, Britten, “, Artemis, that’s, Boeing’s Faucett, “ You’re, Schäfer Organizations: CNN — Aviation, Boeing, “, Aviation Environment Federation, SAF, Airbus, University of Michigan, CNN, Virgin Atlantic, University College London, Cranfield Aerospace, Norman, Engineers, NASA, Critchlow Locations: London, Bangkok, New York, California, ZeroAvia

☆ Half a Year After the COP Agreement on Nature, Companies Are Increasingly Looking at Their Biodiversity Impact
▼ + stars: | 2023-06-21 | by ( Joshua Kirby | ) www.wsj.com time to read: +8 min

While mandatory reporting on nature may still be a long way off, for some companies, measuring their impact on nature makes good business sense. “Not enough companies are actually measuring their corporate biodiversity impact,” said Steve Kennedy, associate professor in business sustainability at the Rotterdam School of Management. Biodiversity impact, on the other hand, remains a more nebulous concept, with widespread uncertainty about what to measure and how to measure it. While biodiversity impact remains difficult to assess, more complete data can help, said Zoe Balmforth, co-founder of biodiversity-data startup Pivotal. And companies will soon have a final framework on which to base their voluntary biodiversity reporting.

Persons: Jennifer Motles, Philip Morris, Motles, Katie Critchlow, Rémy Cointreau, Eric Vallat, LVMH Moët Hennessy Louis Vuitton, ”, Steve Kennedy, Kennedy, “ It’s, “, ” Philip Morris International’s, Nicolo Filippo Rosso, Zoe Balmforth, Balmforth, Cameron Frayling, Frayling, U.N, JULIAN HABER, Kering, PMI’s Motles, Joshua Kirby Organizations: Philip Morris International, Data, Sustainable Business, Fund, Nature, PMI, Rotterdam School of Management . Companies, SAS, Bloomberg, World Bank, REUTERS Governments, United Nations ’, pharma, GSK, Gucci Locations: Montreal, American, of Mexico, Lake Erie, Colombia, Kunming, Canada, joshua.kirby

In-store and online sales rose 13% to 7.6 billion euros in the first quarter, in line with the 13.5% seen in the first six weeks of the financial year. The company said it plans to invest 1.6 billion euros to increase gross store space in 2023 by about 3%. Inditex closed its over 500 stores in Russia in March 2022 following Moscow's invasion of Ukraine in February and subsequent Western sanctions. Inditex has begun to charge for online returns in more countries with no impact on sales, the company said. Inditex is also invested in more self-scanning checkouts and is replacing hard anti-theft tags with chips sewn into garments to avoid checkout queues.

Persons: Inditex, Massimo Dutti, Anne Critchlow, Jelena Sokolova, Zara, Corina Pons, Helen Reid, Charlie Devereux, Matt Scuffham, Josephine Mason, Elaine Hardcastle Organizations: Spain Company, Societe Generale, Inditex, Group, Morningstar, Thomson Locations: Spain, MADRID, LONDON, Zara, United States, Mexico, Saudi Arabia, U.S, Europe, Russia, Ukraine, UAE, France, Germany

☆ The Artists Depicting the Power and Strangeness of Breasts
▼ + stars: | 2023-05-16 | by ( Zoë Lescaze | ) www.nytimes.com time to read: +3 min

Not all artists painting breasts are interested in them as sexual objects, but their erotic associations can be difficult to shake. “Or people just like sex.” Frustrated, she took a temporary break from breasts to focus on ankles and hands. Image In oil paintings such as “Figure and Monstera” (2022), Somaya Critchlow imbues her subjects with a sense of interiority and unapologetic sensuality. Credit... © Somaya Critchlow. Endowing them with exaggerated breasts is a provocation to the viewer to move past the obvious.

☆ CNBC Daily Open: Oil is the Fed’s new headache
▼ + stars: | 2023-04-04 | by ( Jihye Lee | ) www.cnbc.com time to read: +2 min

I'm sitting in for the rest of this week for Yeo Boon Ping, who is on leave. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The Federal Reserve has a new headache: oil prices. As oil prices maintain higher levels, analysts warned the move could push oil back above $100, a level it reached last year for the first time in 2014 after Russia invaded Ukraine.

☆ CNBC Daily Open: Oil is the Fed’s new problem
▼ + stars: | 2023-04-04 | by ( Jihye Lee | ) www.cnbc.com time to read: +2 min

I'm sitting in for the rest of this week for Yeo Boon Ping, who is on leave. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Today, the Reserve Bank of Australia held its interest rates steady for the first time since April last year. Subscribe here to get this report sent directly to your inbox each morning before markets open.

☆ OPEC+ oil production cut signals loss of U.S. influence on core producers, analyst says
▼ + stars: | 2023-04-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOPEC+ oil production cut signals loss of U.S. influence on core producers, analyst saysAndrew Critchlow, head of news for Europe, the Middle East and Africa at S&P Global Platts, says the decision represents a "big failure in terms of U.S. foreign policy in the Middle East."

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