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☆ OpenAI's Altman pitches ChatGPT Enterprise to large firms, including some Microsoft customers
▼ + stars: | 2024-04-12 | by ( ) www.cnbc.com time to read: +4 min

OpenAI has promised that ChatGPT Enterprise customers' data will not be used to train its models. Talking to potential customers from industries including finance, healthcare and energy, OpenAI executives highlighted a range of applications, such as call-center management and translation. Microsoft, the largest investor in OpenAI, offers access to OpenAI's technology through its Azure cloud and by selling Microsoft 365 Copilot, a productivity tool powered by OpenAI's models targeting enterprises. Some executives in the audience at the events asked why they should pay for ChatGPT Enterprise if they are already customers of Microsoft, attendees said. Lightcap told Bloomberg last week more than 600,000 people signed up to use ChatGPT Enterprise and Team, up from around 150,000 in January.

Persons: Altman, Brad Lightcap, Sam Altman, OpenAI, Lightcap, ChatGPT, Sora Organizations: ChatGPT Enterprise, OpenAI, Fortune, Microsoft, Reuters, ChatGPT, Bloomberg, Enterprise, Team, Fox, News Corp Locations: U.S, London, San Francisco , New York, OpenAI

☆ Electrification could overwhelm energy grids. Startups are betting on AI to make sure that doesn't happen
▼ + stars: | 2024-03-25 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +10 min

Today's energy grids are unable to keep up with the intense demand being heaped upon them. Globally, energy projects struggle to overcome permitting hurdles. Making smart grids a realityData was transmitted across a national energy grid for the first time in 2016. Startups selling them are hoping to alleviate pressure from physical grid infrastructure and allow operators to do more with the infrastructure they have. Victoria McIvor, an advisor to energy startups who was formerly an investor at the European climatetech firm World Fund, imagines a future where energy tariffs dictate when energy-intensive appliances run.

Persons: Rajesh Swaminathan, it's, Andrés Dancausa, Dancausa, Swaminathan, Victoria McIvor, Timothy Barat, Barat, Duncan Turner, SOSV, Turner, McIvor Organizations: Infrastructure, Service, International Energy Agency, Paris, Investors, Khosla Ventures, US Department of Energy, Fund, Octopus Energy, Continuum Industries, Software Locations: Europe, Ukraine, Portuguese, Amsterdam, California, London, VCs, Scottish

☆ China’s consumer inflation rate rises for first time in six months. But the holiday boost is likely to fade
▼ + stars: | 2024-03-11 | by ( Laura He | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —China’s consumer inflation turned positive for the first time in six months, largely supported by the Lunar New Year holiday, when a spending boom pushed up prices. The Consumer Price Index (CPI) increased by 0.7% in February from a year earlier, government data showed on Saturday, versus a rise of 0.3% forecast in a Reuters poll. This was the first increase in the inflation rate since August 2023. Last Tuesday, Premier Li Qiang said the government had set this year’s growth target at around 5% and inflation target at 3%. But the key to growth and rising prices will be how Beijing implements its policy to stimulate demand and boost confidence, analysts said.

Persons: “, ”, Zhiwei Zhang, ” Nomura, Price, Li Qiang, Gongsheng, Zheng Shanjie Organizations: Hong Kong CNN —, Index, “, People’s Bank of China, Getty, National, ” Citi Locations: China, Hong Kong, Nanjing, Jiangsu province, Beijing

☆ CEO says he tried to hire an AI researcher from Meta, and was told to 'come back to me when you have 10,000 H100 GPUs'
▼ + stars: | 2024-03-11 | by ( Aaron Mok | ) www.businessinsider.com time to read: +4 min

The CEO of an AI startup said he couldn't poach a Meta employee because it didn't have enough GPUs. "Amazing incentives" are needed to attract AI talent, he said on the podcast "Invest Like The Best." AdvertisementRecruiting AI talent appears to be a tough feat for some companies. AdvertisementThat could make it even harder to secure AI talent in the future. AdvertisementLeaning into that skillset, the CEO said, will help AI companies like Perplexity stand out in a sector dominated by Big Tech.

Persons: It's, —, Aravind Srinivas, Srinivas, Nvidia's, I'm, Meta didn't, OpenAI, skillset Organizations: Service, Meta, Nvidia, Netflix, Big Tech

☆ Debate heats up as Singapore prime minister says exclusive Taylor Swift deal isn't 'unfriendly'
▼ + stars: | 2024-03-05 | by ( Monica Pitrelli | Marylou Costa | ) www.cnbc.com time to read: +4 min

Singapore Prime Minister Lee Hsien Loong said Tuesday that a closed-door deal for Taylor Swift to perform in the city-state ensured she would not perform in other Southeast Asian countries during her Eras tour. The statement is the first confirmation from the city-state that the agreement for Swift to perform in Singapore contained exclusivity terms preventing her from performing in other countries. He also did not reveal the size of the grant to Swift, but stated the amount is "not anywhere as high as speculated." During her first three concerts in Singapore, Swift asked her audience to applaud — first the locals, then those who had traveled from overseas to come to the show. Edwin Tong Singapore Minister for Culture, Community and YouthSome liken the deal to how cities vie to host major sports events, such as the Olympics, the Super Bowl and the World Cup.

Persons: Lee Hsien Loong, Taylor Swift, Swift, Edwin Tong, Srettha Thavisin, Joey Salceda, Lee, Ashok Kumar, —, Selena Oh, de Boer, Irene Hoe, — haven't Organizations: Singapore, Reuters, Thai, Swift's, Philippine, Getty, Edwin Tong Singapore Minister, Culture ,, Super Bowl Locations: Singapore, Southeast Asia, Melbourne, Bangkok, ASEAN, Tokyo, Asia, Malaysia, Thailand, Indonesia, Asia — Tokyo, Shanghai, Hong Kong, Philippines, Cambodia, what's, Edwin Tong Singapore

☆ Fed's favorite inflation gauge looms next week — plus, what we want from 2 portfolio earnings reports
▼ + stars: | 2024-02-24 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

Wall Street returned to its winning ways this week — and Nvidia 's blowout earnings report Wednesday night was a big reason why. Twenty-six of our 32 portfolio stocks have delivered their results this earnings season (we didn't own Abbott Labs at the time of its report). It was a muted week for macroeconomic data, but we did get a slightly better-than-expected January existing home sales report on Thursday. In the week ahead, two more Club names are set to report earnings before a market-moving economic update arrives Thursday morning. The two other reports of note are the January new home sales report on Monday and ISM Manufacturing report on Friday.

Persons: Dow, we'll, bode, We're, Li Auto, Krystal, Arcutis, MARA, Iovance, Goldman Sachs BDC, CRON, BUD, Papa, LEV, Ginkgo, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Nvidia, Nasdaq, Dow Jones, Dow, Palo Alto Networks, Bausch Health, Coterra Energy, Abbott, Companies, TJX, Marshalls, TJX Companies, Berkshire Hathaway, Krystal Biotech, Alpha Metallurgical Resources , Inc, Fidelity National Information Services Inc, Animal Health, ELAN, Public Service Enterprise Group, Surgery Partners, BioCryst Pharmaceuticals Inc, Outdoor Holdings, Enlight Renewable Energy Ltd, Kosmos Energy, Playtika, Video Communications, TiRobot Corp, IRB, SBAC Communications Corporation, HEICO Corporation, FS KKR, Archer Aviation Inc, TransMedics, Sterling Construction Company, AES, Cruise Line Holdings, Lowe's Companies, American Electric Power Company, Bank of Nova, APLS Pharmaceuticals, Bank of Montreal, BMO, Devon Energy, Solar Inc, Technologies, Lab, Virgin Galactic Holdings, Splunk Inc, eBay, EBAY, Luminar Technologies, Agilent Technologies, G Foods, Masimo Corp, Baidu, Parts Inc, Icahn Enterprises, Viatris Inc, ACM Research, Golden Ocean Group, EMCOR, Industries, NRG Energy, Dycom, Editas, UWM Holdings Corporation, Vistra Energy, Marathon Digital Holdings, AMC Entertainment Holdings, Paramount Global, IonQ Inc, International, HP, Monster Beverage Corporation, Cronos, Birkenstock Holding, Anheuser, Busch InBev, Body, Brink's Company, Flags Inc, Papa John's, ACI, Hormel, Lion Electric Company, BlackRock TCP, Dole plc, DOLE, Fisker Inc, Dell Technologies, Ginkgo Bioworks Holdings, Autodesk, Green Brick Partners, Hewlett Packard Enterprise, Veeva Systems, INTTEST Corporation, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: New York City, U.S, Salesforce, Maxx, Bank of Nova Scotia, BlackRock, Cayman

☆ Population and economy in South Carolina are booming
▼ + stars: | 2024-02-24 | by ( Tami Luhby | Alicia Wallace | ) edition.cnn.com time to read: +12 min

“And, of course, South Carolina is in the heart of the Southeast.”Job seekers check-in to a job fair at a Schneider Electric manufacturing facility in Hopkins, South Carolina, in January 2023. “You can reach about twice as many people within an 8-hour drive from South Carolina as you can from Florida,” he said. “The housing market and the manufacturing industry, particularly in South Carolina, saw a major increase in demand,” Von Nessen said. South Carolina home sale activity fell by double-digits in 2022 but has since started to stabilize, he said. “We’re just treating so many more patients that we don’t have capacity,” said Thornton Kirby, CEO of the South Carolina Hospital Association.

Persons: ” Joseph Von Nessen, Darla Moore, ” Von Nessen, ”, it’s, It’s, Sean Rayford, Barrie Kirk, “, Von Nessen, Micah Green, “ We’re, Thornton Kirby, Malcolm Isley, “ We’ve, ” Isley, Arnold Kamler, Inc . Kent, Kent, Kamler, Nikki Haley, —, Daniel Slim, Scott Huffmon, Donald Trump, Haley, they’d Organizations: CNN, Palmetto State, of Labor Statistics, University of South, of Business, North, SC Council, Competitiveness, Bureau of Labor Statistics, Labor, Midlands Technical College, Technical College Midlands Technical College, Schneider, Bloomberg, Getty, Census, US Federal Reserve, US News, South Carolina Hospital Association, “, Prisma, Health Prisma Health, Greenville Technical College, Health Center for Health, Life Sciences, Kent International, Walmart, Kent, Inc ., Winthrop University, —, Charleston City Market, Winthrop’s Center, Public, Research, Palmetto, Republican, Trump, CBS Locations: South Carolina, South, “, Carolina, Myrtle Beach , South Carolina, North America, University of South Carolina, West Columbia, United States, Hopkins , South Carolina, Florida, droves, Myrtle Beach, ’, Manning, New York City, Georgia, Charleston, AFP

☆ For some Spring Festival revelers in China, traditional attire adds an element of time travel to celebrations
▼ + stars: | 2024-02-12 | by ( Maggie Hiufu Wong | ) edition.cnn.com time to read: +8 min

For instance, Yu Garden in Shanghai, which hosts a 40-day Spring Festival lantern fair, has become a popular destination for Hanfu fans. The nearby commercial shopping district of Wujiaochang even hosted a Lunar New Year Hanfu parade to attract revelers to the area this year. It too has seen an increase in young tourists wearing traditional attire during visits, according to one local. Embracing traditionA woman wearing Hanfu strolls around the Spring Festival Flower Market in Guangzhou, China, on February 9, 2024. Others say the term “Hanfu” is too narrow, given the fluid sharing of influences among diverse ethnic groups in China.

Persons: they’ve, Taobao, Shanghai's Yu, Yu, influencers, ”, Cai Pa, ” Cai, it’s, Li, John Ricky, Hanfu, she’s Organizations: CNN, CNN — Tourists, Visual China, Getty, CNN Travel Locations: Suzhou, China, Shanghai, Hanfu, Seoul, Yu Garden, Wujiaochang, China’s, Hainan, Haikou, Qilou, Guangzhou, Anhui, gan

☆ Indonesia President Not Meddling With Election, Backs Prabowo for Continuity - Loyalist
▼ + stars: | 2024-02-08 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +3 min

If so, there must be something wrong with the appointment process," Luhut told CNN Indonesia. CONTINUITY CANDIDATEAsked why Jokowi supported Prabowo, Luhut said the president believed he was the candidate to advance his economic policies, such as creating downstream industries to process natural resources following its successful implementation on nickel. "It has nothing to do with his son being on the ticket," he said of Jokowi backing Prabowo. Luhut praised Prabowo, who was accused of - but denies - committing human rights violations in the 1990s while special forces commander. I never doubted his sense of nationalism, I never doubted his consistency and I never doubted his love for this republic," Luhut said.

Persons: Joko Widodo, Luhut Pandjaitan, Prabowo Subianto, Jokowi, Luhut, Jokowi's, Prabowo, Anies Baswedan, Fransiska Nangoy, Martin Petty Organizations: Constitutional, CNN Indonesia Locations: JAKARTA

☆ Amazon cuts hundreds of jobs in Pharmacy, One Medical units: Read the memo
▼ + stars: | 2024-02-06 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +5 min

Amazon has eliminated hundreds of jobs in its Pharmacy and One Medical divisions, the company confirmed to CNBC. "Unfortunately, these changes will result in the elimination of a few hundred roles across One Medical and Amazon Pharmacy." At the start of this year, Amazon announced cuts in its Prime Video, MGM Studios, Buy with Prime, Twitch and Audible units. Here's the full memo from Lindsay:Hi everyone, The past year has been incredibly exciting for all of our health care businesses, and we're seeing tremendous growth for Amazon Pharmacy, One Medical, and Amazon Clinic. Unfortunately, these changes will result in the elimination of a few hundred roles across One Medical and Amazon Pharmacy.

Persons: Neil Lindsay, Lindsay, Andy Jassy, Brian Olsavsky, Amazon, Neil CNBC Organizations: Amazon, CNBC, Amazon Health Services, Amazon Pharmacy, MGM Studios, Amazon Clinic, Pharmacy, CARE Locations: Amazon's, d50nominations.cnbc.com

☆ A company has to pay a woman $105,000 in back pay and damages after firing her when she refused to retire at 65
▼ + stars: | 2024-02-06 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewA former employee will receive $105,000 in back pay and damages after her company of nearly 20 years fired her when she refused to retire at 65, the US Equal Employment Opportunity Commission said last week. According to a discrimination lawsuit filed by the federal agency, J&M Industries, Inc., a manufacturing and distribution company in Louisiana, violated federal age discrimination laws by firing the employee. The Age Discrimination in Employment Act, or ADEA, prohibits discrimination against individuals aged 40 or older based on age. Advertisement"It provides relief for the former employee and will help protect others from age discrimination," he added.

Persons: —, Rudy Sustaita Organizations: Service, Employment, Commission, M Industries, Inc, Business, Miami Herald, Eastern District of, EEOC's, Office Locations: Louisiana, Eastern District, Eastern District of Louisiana, EEOC's Houston

☆ Why banks and consumer groups have become unlikely allies
▼ + stars: | 2024-01-25 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. JPMorgan chief Jamie Dimon previously noted that this would dampen economic expansion, as banks may pull back on new lending. Separate groups that rely on bank investments have also called for the proposal's revision. The National Association of Manufacturers expressed worry that tighter requirements would mean less capital availability to virtually every industrial sector, especially smaller manufacturers that have few options for financing. Meanwhile, the American Council on Renewable Energy and the Solar Energy Industries Association warned that tighter capital requirements would make it expensive for banks to finance green energy projects through tax equity incentives, slowing the clean energy transition.

Persons: —, Banks, Jamie Dimon, Michelle Bowman Organizations: Service, Business, JPMorgan, National Association of Manufacturers, American Council, Renewable Energy, Solar Energy Industries Association Locations: Basel

SANTA FE, N.M. (AP) — An effort to modernize state oversight of a thriving petroleum industry in the nation's No. 2 state for oil production advanced past its first committee vetting Thursday at the New Mexico Legislature. The bill also would give regulators greater authority over applications to transfer ownership of wells that often change hands when oil and natural gas output declines. The Democratic-led Legislature and governor are being sued over alleged failures to meet constitutional provisions for protecting against oil and gas pollution, as fed-up residents living near oil wells and environmental groups turn to the judiciary for relief. Voting against the bill, Republican state Rep. Larry Scott of Hobbs, said the initiative represents an existential threat to small-scale oil and natural gas producers, echoing concerns raised by several businesses.

Persons: Bill cosponsor Rep, Matthew McQueen, Galisteo, we’re, ”, “ We’ve, We’re, Gail Evans, Nathan Small, —, Ahtza Chavez, Lujan Grisham, “ They’ve, Chavez, Larry Scott, Hobbs, Scott Organizations: SANTA FE, New, New Mexico Legislature, Gas, Occidental Petroleum, EOG Resources, Land Office, Democratic, Center for Biological Diversity, Pueblo Action Alliance, Youth United, Las, Gov, Republican Locations: SANTA, New Mexico, Las Cruces, Albuquerque

☆ Humans are depleting groundwater faster than in the past 40 years, but places like Saudi Arabia and Thailand have figured out how to boost their freshwater reserves
▼ + stars: | 2024-01-24 | by ( Suman Naishadham | Associated Press | ) www.businessinsider.com time to read: +6 min

Humans in many parts of the world are pumping groundwater faster than it can be replenished. Places like Thailand and Saudi Arabia, however, have managed to slow groundwater depletion rates. USGSGroundwater is one of the largest freshwater sources anywhere in the world, making the depletion of aquifers a significant concern. AdvertisementGroundwater depletion is more severe now than a few decades agoFarms are responsible for much of the US's groundwater depletion. The Bangkok basin in Thailand is another example the study highlighted where groundwater levels rose in the early 21st century compared to previous decades.

Persons: Scott Jasechko, Upmanu Lall, Jasechko, Richard Taylor, Taylor, Hydrologists, Felicia Marcus, Marcus, you've Organizations: Service, University of California, Columbia University, Columbia Water Center, University College London hydrogeology, Stanford, Water, West Program Locations: Thailand, Saudi Arabia, Santa Barbara, drylands, Mexico, Iran, California, Bangkok, Thai, Tucson , Arizona, Colorado

REUTERS/Russell Cheyne/File Photo Acquire Licensing RightsSummaryCompanies Saudi Arabia's PIF buys into Rocco Forte hotel groupPlans to help expand luxury hotel groupItalian investor CDPE checks out of chainDec 4 (Reuters) - Saudi Arabia's PIF sovereign wealth fund will buy a 49% stake in luxury hotel group Rocco Forte Hotels and help to support its expansion, the owner of Britain's Balmoral hotel said on Monday. A spokesperson for Rocco Forte Hotels declined to confirm the size of PIF's stake. Rocco Forte Hotels, founded in 1996, operates across Italy, Britain, Germany, Belgium and Russia and has 20 private villas in addition to its hotels. CDPE, which owned a 23% stake in Rocco Forte Hotels, is owned by Italy's state-backed fund CDP. Rocco Forte, which was advised by Rothschild, reported revenues of around 300 million pounds last fiscal year, with a core profit of around 60 million pounds, according to a source.

Persons: Russell Cheyne, Companies Saudi Arabia's PIF, Rocco Forte, CDPE, Olga Polizzi, Forte, Rocco Forte Hotels, Al Nowaiser, PIF, Rothschild, Yadarisa, Elisa Anzolin, Keith Weir, Dhanya Ann Thoppil, Nivedita Bhattacharjee, Alex Richardson Organizations: REUTERS, Companies Saudi Arabia's, Saudi Arabia's, Rocco Forte Hotels, Financial Times, Granada, Thomson Locations: Balmoral, Scotland, Edinburgh, Britain, Saudi, Italy, Germany, Belgium, Russia, Milan, Sardinia, Italy's, SAUDI ARABIA, Saudi Arabia, Bengaluru, London

☆ DouYu CEO Chen Shaojie arrested in latest executive crackdown in China
▼ + stars: | 2023-11-22 | by ( Michelle Toh | Nectar Gan | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —The chairman and CEO of Chinese video game live-streaming platform DouYu has been arrested, becoming the latest business leader to run afoul of authorities in the world’s second largest economy. DouYu (DOYU) said in a regulatory filing Tuesday that its chief, Chen Shaojie, had been arrested by police in the southwestern city of Chengdu on or around November 16. State-run news agency Xinhua cited the statement as confirmation that the DouYu executive had been arrested. Sweeping crackdownChen is one of the latest high-flying executives in China to come under scrutiny by authorities. Chen founded DouYu and quickly built it into one of China’s most valuable startups.

Persons: Chen Shaojie, Chen, Chen’s, DouYu Organizations: Hong Kong CNN, Xinhua, Cyberspace Administration of China, Ministry of Public Security, CNN, International Locations: China, Hong Kong, Chengdu, New York

☆ Chipmaker Analog Devices' forecasts held back by inventory corrections
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +2 min

Analog Devices' logo is pictured on a smartphone in this illustration taken, December 4, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsNov 21 (Reuters) - Chipmaker Analog Devices (ADI.O) projected first-quarter revenue and profit below market estimates on Tuesday, as it grapples with the ongoing supply glut in the semiconductor industry. Inflation-hit customers have refrained from placing new orders for chips, leading to excess supply at companies such as Analog Devices after a pandemic-driven buying spree fizzled out. First-quarter adjusted earnings are expected to be $1.70 per share, plus or minus 10 cents, below analysts' average estimates of $1.90. Cautious spending by automakers fearing a slowdown in their electric-vehicle businesses has also weighed on orders at Analog Devices.

Persons: Dado Ruvic, Vincent Roche, Arsheeya, Tasim Zahid Organizations: REUTERS, Texas, Analog Devices, Thomson Locations: Bengaluru

☆ From construction workers to electricians, these are the infrastructure jobs set to boom in the next few years
▼ + stars: | 2023-11-20 | by ( Madison Hoff | ) www.businessinsider.com time to read: +7 min

Insider looked at employment projections for work related to construction and infrastructure. Both white-collar and blue-collar jobs are poised to boom, with demand for construction laborers and truck drivers, as well as business services. President Joe Biden is also behind the need for more infrastructure construction. Construction and infrastructure jobs are growingConstruction laborers are projected to see employment growth of 61,900 from 2022 to 2032. This job typically requires a postsecondary nondegree award for entry and long-term on-the-job training for competency.

Persons: —, Hannah Jones, Joe Biden, Kit Dickinson, Ed Brady, remodelers, Carpenter, Dickinson, Nela Richardson, Brady, Organizations: Service, Law, Georgetown University Center, Education, Workforce, Bureau of Labor Statistics, Home Builders Institute, National Association of Home Builders, BLS

Investors like dividend stocks for their yields, but the equities' returns have been pretty dismal so far this year. "That's what is putting pressure on these [dividend] stocks, or maybe just keeping them from lifting." IPDP YTD line Dividend Performers ETF (IPDP) performance year to date When it comes to specific stocks, Gilreath likes two under-the-radar plays: Brady Corporation and ABM Industries . Brady, which manufacturers identification and health-care products, has a 1.7% dividend yield. Diversification in light of recession risk When it comes to dividends, investors should look for quality rather than quantity.

Persons: That's, Bond, Andrew Graham, Dave Sheaff Gilreath, Gilreath, Morningstar . Brady, Capital's Graham, Graham, Dow, Laura Mattia, Morningstar, George Gagliardi, You'd, I'm Organizations: Investment, Jackson, Capital, Federal Reserve, Brady Corporation, ABM Industries, Dow Inc, Dow, LyondellBasell, Shell, Coromandel Wealth Management, U.S Locations: San Francisco, Indianapolis, Sarasota , Florida, Lexington , Massachusetts

[1/2] Boeing Commercial Airplanes CEO Stanley Deal poses with Emirates airline COO Adel Al Redha and flyDubai CEO Ghaith Al Ghaith after Emirates airline and flyDubai placed orders at the Dubai Airshow for new aircraft from Boeing, in Dubai, United Arab Emirates, November 13, 2023. "Together these orders represent significant investments that reflect Dubai's commitment to the future of aviation," said Emirates and flyDubai Chairman Sheikh Ahmed bin Saeed Al Maktoum. In New York, Boeing shares rose 4.4% after the orders, which also included 45 narrow-body 737 MAX for German-Turkish airline SunExpress. LOWER BOOKINGSOther significant orders appeared to be in the works without being played out in public in Dubai. Saudi Arabia's newest airline Riyadh Air said it is still in talks with planemakers to place an order for narrow-body jets.

Persons: Stanley Deal, Adel Al Redha, Ghaith Al, Alexander, flyDubai, Sheikh Ahmed bin Saeed Al Maktoum, Joe Biden, Xi Jinping, Steven F, planemakers, Asharq, there's, Daniel Silke, Rafael, Tim Hepher, Alexander Cornwell, Pesha Magid, Valerie Insinna, Hugh Lawson, Lisa Shumaker, Navaratnam, Sharon Singleton Organizations: Boeing Commercial, Emirates, Dubai Airshow, Boeing, United Arab Emirates, REUTERS, Companies, Airbus, Turkish Airlines Airbus, Dubai, Aviation, SunExpress, Bloomberg, Industry, Air Lease Corp, Reuters, Turkish Airlines, Anadolu, Dubai . Saudi Arabia's, Riyadh Air, Saudia Airlines Group, Saudia Airline, Royal, Cape, Consultancy, rearm, Russia, Israel Aerospace Industries, IAI, Rafael Advanced Defense Systems, Thomson Locations: Ghaith Al Ghaith, Dubai, United Arab, DUBAI, Government, Emirates, New York, Turkish, UAE, Qatar, Saudi Arabia, Turkey, India, Gulf, Dubai . Saudi, Riyadh, Israel, Gaza, Cape Town, United States, rearm Ukraine

Kenya's President William Ruto called the treaty “the first domino” in a shift away from plastic pollution. The U.N. Intergovernmental Negotiating Committee on Plastic Pollution is charged with developing the first international, legally binding treaty on plastic pollution on land and at sea. Kenya is a global leader in fighting plastic pollution, and in 2017, the country banned the manufacture, sale and use of single-use plastic bags. Nonetheless, he said, it is evident that negotiations have moved beyond plastic waste and into addressing plastic production and toxic chemicals used to make plastic. “The focus is on ending plastic pollution, not plastic production," he said.

Persons: Gustavo Adolfo Meza, Cuadra Velasquez, William Ruto, ” Graham Forbes, ” Eirik Lindebjerg, Björn Beeler, haven't, IPEN, Chris Jahn, Karen McKee, Jahn, ___ McDermott Organizations: United Nations Environment, Global, reconvening, Intergovernmental, UNEP, Greenpeace, World Wildlife Fund, Plastics, Industry, International Council of Chemical Associations, ExxonMobil, Solutions Company, AP Locations: NAIROBI, Kenya, Kenya's, Nairobi, Paris, Punta del Este, Uruguay, Norway, Rwanda, Saudi Arabia, Iran, China, Russia, United States, Baytown , Texas, Baytown, Providence , Rhode Island

A European company has canceled plans to build blades for offshore wind turbines in coastal Virginia, the latest sign of struggle within the U.S.'s nascent industry. Dominion said its 176-turbine project will be the largest offshore wind farm under development in the U.S. The main appeal of offshore wind for supporters, including environmentalists and many state governments, is that it doesn't burn fossil fuels and therefore drive climate change. But opponents claim offshore wind is inherently unworkable without massive financial subsidies. But the costs of renewable energy — wind, solar, and other forms — have been declining, while becoming increasingly competitive, he said.

Persons: Siemens Gamesa, Joe Biden, Robert McNab, ” McNab, “ Organizations: Siemens, Dominion, U.S, Old Dominion University Locations: Virginia, Port of Virginia, Portsmouth, Spain, U.S, New Jersey, Massachusetts, Spanish, Connecticut, Virginia Beach, Europe, Norfolk , Virginia

☆ ‘Sorry’ for Being So Blunt
▼ + stars: | 2023-10-30 | by ( Brenda Cronin | ) www.wsj.com time to read: +1 min

Images: Disney/Shutterstock/Bloomberg News/Getty Images for CAA Composite: Mark KellyWhat a luxury anonymity is. Yes, the fervent hordes clattering around TikTok and reality TV attest that many still prize celebrity, influence and their attendant financial promise. Consider Emily Blunt , a movie star who recently prostrated herself after being savaged online for fat-shaming. Describing a woman who served her at Chili’s as “enormous.” Ms. Blunt unleashed the epithet more than a decade ago on “The Jonathan Ross Show,” a U.K. television program where she was appearing to flog her latest film. Mr. Ross, who like Ms. Blunt is British, was whooping it up with his guest about lavish food portions in the New World, joking that “you can see why so many of our American friends are enormous.” Ms. Blunt joined in with her account of the meal at Chili’s—“the girl that was serving me was enormous”—without specifying which outpost in the nationwide chain she patronized.

Persons: Mark Kelly, Emily Blunt, prostrated, Ms, Blunt, Jonathan Ross, Ross Organizations: Disney, Bloomberg, CAA Locations: TikTok, Chili’s

People visit the LG display at the international consumer technology fair IFA in Berlin, Germany September 2, 2022. Mobile display panel orders are concentrated in the second half of the year, when panels for Apple's latest mobile products are produced before the holiday season. Shares in LG Display rose as much as 8% after the earnings result, versus a 0.7% drop in the wider market (.KS11). "LG Display made it clear it will turn to profit. LG Display posted an operating loss of 662 billion won ($491.11 million) for the July-September quarter versus a loss of 759 billion won a year earlier.

Persons: Lisi Niesner, Sung, Kim, Jeff Kim, midsized, Max, 1,347.9600, Joyce Lee, Heekyong Yang, Clarence Fernandez, Jamie Freed, Lincoln Organizations: LG, IFA, REUTERS, Wednesday, Apple, KB Securities, Analysts, Thomson Locations: Berlin, Germany, SEOUL, Korean

☆ Hollywood’s A-List Bribe for Peace
▼ + stars: | 2023-10-24 | by ( Holman W. Jenkins | ) www.wsj.com time to read: +1 min

With streaming disrupting the economics of the TV and film industries, it doesn’t help to alienate your audience with political posturing like Disney has with its refashioning of classic fairy tales including the upcoming 'Snow White.' Images: Disney/Shutterstock/Bloomberg News/Getty Images for CAA Composite: Mark KellyAmong the big names on a Zoom call last week of Hollywood actors questioning their union over lack of progress in the actor’s strike was Meryl Streep . Her name jumps out because 112 days earlier she signed a letter with other major stars urging a strike at a moment when a planarian might have noticed the union’s leverage was at low ebb thanks to the collapse of cable subscribership, streaming losses and the decline of movie-going. Nanny Defarge, aka Fran Drescher , the union boss, saw the light, however, and began out-mau-mauing the letter signers. Until that moment, she had insisted talks with the studios were making “exceptional progress.” Even the New York Times now says her sudden adoption of blood-curdling rhetoric has been an obstacle to a deal.

Persons: Mark Kelly, Meryl Streep, Nanny Defarge, Fran Drescher Organizations: Disney, Bloomberg, CAA, New York Times

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