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☆ Shipping giant Maersk says Red Sea vessel diversions could extend into second half of 2024
▼ + stars: | 2024-02-14 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +6 min

Moller-Maersk, the second-largest global ocean carrier, is advising customers to prepare for a Red Sea crisis that could stretch well into the second half of this year. "Unfortunately, we don't see any change in the Red Sea happening anytime soon," Charles van der Steene, regional president for Maersk North America, tells CNBC. After attacks on two U.S.-flagged Maersk vessels on January 24, the Maersk Detroit and Maersk Chesapeake, Maersk Line, Limited — a U.S. subsidiary of Maersk, which operates U.S.-flagged vessels independently — announced it would no longer traverse the Red Sea. The global shipping and logistics company's cautious view of the Red Sea safety conditions comes despite a U.S.-led multinational military operation in the region, Operation Prosperity Guardian. "Our advice to our customers is specifically about building upon the uncertainty by being agile," said van der Steene.

Persons: Ebba, A.P ., Kristian Helgesen, Moller, Charles van der, Good Hope, der Steene, Maersk, van der, van der Steene, van der Steen, Panama hasn't, we're Organizations: A.P, A.P . Moeller, Maersk, Bloomberg, Getty, Maersk North, CNBC, Maersk Detroit, Maersk Chesapeake, Prosperity, U.S, Gaza, Maritime Security Program, VISA, Voluntary Intermodal, U.S ., Intelligence, East, Oceania Locations: Suez, Egypt, Maersk North America, Gulf, Aden, Hangzhou, Maersk, U.S, Good, Asia, Limited's U.S, West Coast, East Coast ., East Coast, Cape Hope, Panama, Ports, Mexico, Pacific Northwest, Los Angeles, Long, China, Australia, New Zealand

☆ Love or Hate Valentine’s Day?
▼ + stars: | 2024-02-12 | by ( Esther Zuckerman | ) www.nytimes.com time to read: +3 min

He leaps to her defense in a hairy situation with an agitated traveler, and then they flirt over cocktails. It’s a reminder never to trust that cute stranger, because there just might be menace behind those ocean eyes. ‘My Best Friend’s Wedding’ (1997) Stream it on Netflix. Hogan’s “My Best Friend’s Wedding” has a reputation as one of the great 1990s romantic comedies, but it’s far nastier than its brethren. After all, it’s less about its protagonist trying to find love than it is about her on a mission to ruin lives.

Persons: ‘ Midsommar ’, Max, Ari Aster’s, Dani, Florence Pugh, Christian, Jack Reynor, we’ve, Wes Craven’s, Rachel McAdams’s Lisa Reisert, Cillian Murphy’s Jackson Rippner, Jackson, P.J, Hogan’s, Don’t, Julia Roberts, Julianne Potter, Dermot Mulroney, Cameron Diaz, Julianne, Hogan, ’, Ruben Ostlund’s, Tomas, Johannes Kuhnke, Ebba, Lisa Loven Kongsli, gaslit Organizations: Paramount, Netflix, Amazon Prime, Force Locations: Valentine’s, Swedish, French

☆ Top CEOs fear that volatile supply chains are now just the new normal
▼ + stars: | 2024-01-19 | by ( Silvia Amaro | ) www.cnbc.com time to read: +2 min

Kristian Helgesen | Bloomberg | Getty ImagesDAVOS, Switzerland — Top CEOs are closely following tensions in the Red Sea, warning that this kind of volatility for supply chains is likely here to stay. Houthi rebels from Yemen have attacked commercial vessels traveling in the Red Sea since November. Supply chains were massively disrupted during the pandemic and the subsequent bounce back, given the restrictions and the closure of borders. Tobias Meyer, the CEO of DHL, shared concerns over the new normal for supply chains. "We have an issue in the Panama Canal, we have an issue in the Red Sea.

Persons: Ebba, A.P ., Kristian Helgesen, Jesper Brodin, Brodin, Tobias Meyer Organizations: A.P, A.P . Moeller, Maersk, Bloomberg, Getty, Ingka, CNBC, Economic, IKEA, DHL Locations: Suez, Egypt, DAVOS, Switzerland, Red, Yemen, Iran, Gaza, United States, Hope, Africa, Asia, Europe, Davos, Panama

☆ Sweden plans new nuclear reactors by 2035, will share costs
▼ + stars: | 2023-11-16 | by ( Simon Johnson | ) www.reuters.com time to read: +2 min

By 2045 the government wants to have the equivalent of 10 new reactors, some of which are likely to be small modular reactors (SMRs), smaller than conventional reactors. Energy Minister Ebba Busch said the government was planning a "massive build out" of new nuclear power by 2045. "It's decisive for the green transition, for Swedish jobs and at heart for the welfare of our citizens," she told reporters. Countries like Poland, the Czech Republic, and Britain are looking at expanding nuclear power as societies transition to a fossil-fuel free future. Sweden voted to get rid of nuclear power in 1980, and has only six of an original 12 reactors still in production.

Persons: Tom Little, Ebba Busch, Elisabeth Svantesson, Busch, Finland's, Germany's Uniper, Simon Johnson, Chizu Nomiyama, Elaine Hardcastle Organizations: Rights, Energy, EDF, Thomson Locations: Swedish, Stockholm, Sweden, Rights STOCKHOLM, Poland, Czech Republic, Britain

☆ EU countries fail to agree energy reforms after coal subsidy clash
▼ + stars: | 2023-06-19 | by ( Kate Abnett | ) www.reuters.com time to read: +3 min

EU energy ministers meeting in Luxembourg ended talks without a joint stance on the reforms that seek to avoid a repeat of last year's energy crisis, when record-high gas prices left consumers with soaring energy bills. EU countries' ambassadors will take up the negotiations, aiming for a deal this month. Asked about the coal proposal, Swedish Energy Minister Ebba Busch said ensuring Poland, which borders Ukraine, had stable power generation could help it support Ukraine with back-up power. Poland, which gets around 70% of its power from coal, could prolong its support scheme for coal plants, potentially until 2028, under the proposal. EU countries must negotiate the final power market upgrade with the EU Parliament, with the aim to pass the law before EU parliamentary elections next year.

Persons: Ebba Busch, Anna Moskwa, Robert Habeck, Kate Abnett, Tassilo Hummel, Sudip Kar, Giles Elgood, Emelia, Barbara Lewis, Marguerita Choy Organizations: Union, Swedish Energy, Reuters, European Commission, Climate, EU, Thomson Locations: Poland, Belgium, Germany, LUXEMBOURG, Luxembourg, Sweden, Ukraine, Ukrainian, Austria, Greece, Spain

☆ 3 reasons why 'Succession' tech bro Lukas Matsson is Elon Musk crossed with Daniel Ek
▼ + stars: | 2023-05-27 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +6 min

Viewers say the character seems to resemble aspects of both Elon Musk and Spotify CEO Daniel Ek. Alexander Skarsgard plays Matsson, the billionaire CEO of tech streaming media giant GoJo – a socially awkward, vaguely sinister tech bro. But viewers have been pointing out the character's similarities to two bosses in particular — Elon Musk, and Spotify CEO Daniel Ek. "I definitely didn't try to play an Elon Musk character," Skarsgard said. In one recent episode of "Succession," Matsson tweets a "very nasty joke" after Kendall Roy's presentation about the Living+ initiative because he's less than pleased about the move.

☆ Europe approves its $47 billion answer to Biden's CHIPS Act — here's everything that's in it
▼ + stars: | 2023-04-19 | by ( Ryan Browne | ) www.cnbc.com time to read: +5 min

The initiative, dubbed the European Chips Act, seeks to help the bloc compete with the U.S. and Asia on tech, and secure control over a critical bit of technology behind the world's electronics products and devices. What's in the Chips Act? The European Chips Act is a massive, 43-billion-euro ($47 billion) package of public and private investments that aims to secure its supply chains, avert shortages of semiconductors in the future, and promote investment into the industry. The Chips Act has three main aims: Building large-scale capacity and innovation. "The Chips act puts Europe in the first line of cutting-edge technologies which are essential for our green and digital transitions."

☆ Top Israeli diplomat ejected from African Union summit as row escalates
▼ + stars: | 2023-02-18 | by ( Dawit Endeshaw | ) www.reuters.com time to read: +2 min

ADDIS ABABA, Feb 18 (Reuters) - A senior Israeli diplomat was on Saturday removed from the African Union's annual summit in Ethiopia, as a dispute over Israel's accreditation to the bloc escalated. Images posted online showed AU security personnel confronting the diplomat during the opening ceremony of the summit, before she left the auditorium. But Israel blamed the incident on South Africa and Algeria, two key nations in the 55-nation bloc, saying they were holding the AU hostage, and were driven by "hate". South Africa rejected the claim, saying Israel's application for observer status at the AU has not been decided upon by the bloc. "So, it's not about South Africa or Algeria, it's an issue of principle."

☆ Sweden locates rare earth deposits as Europe races against China
▼ + stars: | 2023-01-13 | by ( Associated Press | ) www.nbcnews.com time to read: +1 min

The beginning of the end of Europe’s dependency on China for precious rare earth materials may lie buried deep under the rugged reaches of northern Sweden, well above the Arctic Circle. Sweden’s iron-ore miner LKAB said Thursday it has identified “significant deposits” in Lapland of rare earth elements that are essential for the manufacture of smartphones, electric vehicles and wind turbines. The government-owned company that mines iron ore at Kiruna, almost 600 miles north of Stockholm, said there are more than 1 million tons of rare earth oxides. They are especially vital to the fast-growing field of green energy, feeding wind turbines and electric car engines. is lagging well behind competitors on the market, getting around 98% of its rare earth minerals from China, with none of them mined in Europe.

☆ Swedish mining company finds massive deposit of rare earth metals
▼ + stars: | 2023-01-13 | by ( ) www.cnbc.com time to read: +1 min

The company said on Jan. 12 that it found Europe's biggest known deposit of rare earth elements there. Swedish state-owned mining company LKAB on Thursday said it had identified more than 1 million tonnes of rare earth oxides in the Kiruna area in the far north of the country, the largest known such deposit in Europe. Rare earth minerals are essential to many high-tech manufacturing processes and are used in electric vehicles, wind turbines, portable electronics, microphones and speakers. "This is good news, not only for LKAB, the region and the Swedish people, but also for Europe and the climate," LKAB CEO Jan Mostrom said in a statement. Rare earth elements are currently not mined in Europe, leaving the region depending on imports from elsewhere, while demand is expected to rise in coming years due to a ramp-up in electric vehicles and renewable energy.

☆ Sweden finds the largest rare earth deposit in Europe. It could help cut dependence on China
▼ + stars: | 2023-01-13 | by ( Laura He | ) edition.cnn.com time to read: +2 min

Hong Kong CNN —Swedish mining company LKAB says it has found Europe’s largest deposit of rare earth oxides in the country’s north, a discovery that could reduce the continent’s reliance on China for the critical resource. Rare earth minerals play a key role in generating clean energy and producing electric vehicles and consumer electronics. No rare earth elements are currently being mined in Europe, leaving it dependent on imports. The company added that the region’s dependence on China for rare earth minerals increases the vulnerability of European industry. Given its importance in the tech industry, rare earths have become one of the main fronts in the US-China competition as well.

☆ Sweden's LKAB finds Europe's biggest deposit of rare earth metals
▼ + stars: | 2023-01-12 | by ( ) www.reuters.com time to read: +1 min

STOCKHOLM, Jan 12 (Reuters) - Swedish state-owned mining company LKAB said on Thursday it had identified mineral resources of more than one million tonnes of rare earth oxides in the Kiruna area, the largest known such deposit in Europe. Rare earth minerals are essential to many high-tech manufacturing processes and are used in electric vehicles, wind turbines, portable electronics and microphones and speakers. "This is good news, not only for LKAB, the region and the Swedish people, but also for Europe and the climate," LKAB CEO Jan Mostrom said in a statement. The European Commission considers rare earths to be among the most critical resources for the region. Still, the road to mining the deposit in Sweden is a long one.

☆ Sportivii norvegieni au câștigat cursele de urmărire din cadrul Cupei Mondiale de schi fond
▼ + stars: | 2020-11-29 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: 1 min

Sportivii norvegieni au câștigat cursele de urmărire din cadrul Cupei Mondiale de schi fond, competiție ce s-a desfășurat în stațiunea finlandeză Ruka.În proba masculină, Johannes Klaebo a triumfat pe distanța de 15 kilometri, iar conaționala sa, Therese Johaug, a obținut victoria în concursul feminin de 10 kilometri.Klaebo a fost cronometrat cu timpul de 35 de minute, 9 secunde și 8 zecimi de secundă. El i-a devansat pe rusul Alexander Bolşunov, deţinătorul titlului, şi pe un alt norvegian, Emil Iversen.Therese Johaug, care este și campioană en-titre, a parcurs distanța de 10 kilometri în 25 de minute, 6 secunde și 2 zecimi de secundă. Pe locul doi s-a clasat rusoaica Tatiana Sorina, iar podiumul a fost completat de suedeza Ebba Andersson.Johaug şi Klaebo vor evolua și în următoarea probă de sprint, etapa fiind programată pentru 12 decembrie în orașul elvețian Davos.

Persons: Johannes Klaebo, Therese Johaug, Alexander Bolşunov, Emil Iversen.Therese, Tatiana Sorina Organizations: Cupei Locations: - titre, elvețian Davos

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