Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Steel"


25 mentions found


Biden Looks to Thwart Surge of Chinese Imports
  + stars: | 2024-05-08 | by ( Jim Tankersley | ) www.nytimes.com   time to read: +1 min
President Biden is warning that a new surge of cheap Chinese products poses a threat to American factories. China’s lavish subsidies, including loans from state-run banks, have helped sustain companies that might otherwise have folded in a struggling domestic economy. The result is, in many cases, a significant cost advantage for Chinese manufactured goods like steel and electric cars. The U.S. solar industry is already struggling to compete with those Chinese exports. Chinese exports are washing over the continent, to the chagrin of political leaders and business executives.
Persons: Biden Locations: United States, China, Europe, U.S
Atlantis, The Royal Atlantis, The Royal: The double-height bar is perfect for sunset cocktails — although you won't be making your own drinks, as there's a 24-hour bartender ready to make your favorites. Atlantis, The Royal Atlantis, The Royal: The triple-height library provides a secluded space to work, read or relax. Atlantis, The Royal Atlantis, The Royal: The entertainment room is kitted out with a 98-inch LED screen for a home cinema experience. Atlantis, The Royal Atlantis, The Royal: Every room has stunning views — including the marble-clad bathrooms. Atlantis, The Royal Atlantis, The Royal: Guests can enjoy designer amenities made by French fashion house Hermès, as well as bespoke gold toothbrushes, combs and brushes.
Persons: Swedish House Mafia —, there’s, , Tom Roelens, There’s, Cabana, Rebecca Cairns, Kendall Jenner, “ We’ve, we’ve, Graff, bathrobes, Jay Z, Louis, Valentino —, , it’s, Estiatorio Milos, Costas Spiliadis, Organizations: CNN, Swedish House Mafia, Royal, Atlantis Resorts, Dolce, Gabbana, cabanas, Atlantis, “ Royal, Nobu, , Chefs, Sky Locations: Dubai, Beyoncé, isn’t, Arabian, Atlantis Royal Dubai
That watch was the “most beautiful thing I’d ever seen,” Stallone said in a video released by Sotheby’s, and sparked a decades-long love of watch collecting. And now, the Hollywood star is auctioning 11 watches from his personal collection at a Sotheby’s sale in New York on June 5. Among the items is the rare Patek Philippe Grandmaster Chime, which is expected to fetch as much as $5 million, as well as watches he wore in some of his films. The Grandmaster Chime is the most complicated ever Patek Philippe watch. Another Patek Philippe watch, this one from its Nautilus family, is expected to sell for up to $400,000.
Persons: Sylvester Stallone, Gregg Allman, Allman, ” Stallone, Sotheby’s, Philippe Grandmaster, Philippe, , Phillipe, Stallone, Audemars Piguet, Cartier, Sotheby's Organizations: CNN, Hollywood, Rolex Locations: New York
Fellow billionaire Gautam Adani, founder of the Adani group, was also invited. Reliance Industries and the Adani Group are sprawling conglomerates worth over $200 billion each, with established businesses in sectors ranging from fossil fuels and clean energy to media and technology. As a result, these three men — Modi, Ambani and Adani — are playing a fundamental role in shaping the economic superpower India will become in the coming decades. Both Adani and Ambani have become key allies as the country embarks on this revolution. “India cannot grow rich before it becomes old on the back of a few big firms like Adani or Ambani,” he said.
Persons: Mukesh Ambani, Mark Zuckerberg, Bill Gates, Ivanka Trump, popstar Rihanna, David Blaine, Ambani, Gautam Adani, Jeff Bezos, , Rohit Lamba, Narendra Modi, — Modi, Adani, Noemi Cassanelli, , John D Rockefeller, Vanderbilt, James Crabtree, Modi, Guido Cozzi, Cozzi, Ambani’s, Dhirubhai, helms, Cantor Fitzgerald, Cantor, ’ Ambani, Amit Dave, Hindenburg’s, ferociously, ” Cantor, Modi’s, Prasanna Tantri, Crabtree, Lamba Organizations: New, New Delhi CNN —, Reliance Industries, Pennsylvania State University, Investors, Adani, CNN, Adani Realty, Frick, Astor, Carnegie, Samsung, Hyundai, World Bank . Coal, University of St, Adani Group, Reliance, Reliance Industry, Adani Enterprises, AEL “, Tata Group, Modi, India’s, Hindenburg, GQG Partners, Indian School of Business Locations: New Delhi, Gujarat, Davos, Coachella, Silicon Valley, India, China, Mumbai, Antilia, America, Asia, Britain, South Korea, Worth, United Kingdom, University of St Gallen, Switzerland, American
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're concerned there won't be enough metal to meet energy transition targets: Wood MackenzieJulian Kettle, vice chair of metals and mining and senior vice president at Wood Mackenzie, says steel remains the biggest challenge in "greening" the metals and mining industry. He adds that "we are way behind target" when it comes to the delivery of metals for the energy transition.
Persons: Wood Mackenzie Julian Kettle, Wood Mackenzie
Despite lower price tags, Chinese EVs often have more powerful batteries and more advanced technology. The competition among hundreds of Chinese EV makers has spurred rapid innovation. Even Tesla CEO Elon Musk, who made a surprise visit to Beijing last week, has said that without trade barriers Chinese EV makers would "demolish" their competitors. Chinese EVs tend to be smaller, cheaper and more accessible to the masses — BYD's Seagull, a small all-electric hatchback, starts at less than $10,000. It would take time to set up a sales and distribution network, Fields said, and Chinese EV makers could face a perception issue among American consumers.
Persons: They're, Stella Li, America's Tesla, Tesla, BYD, Mark Fields, Elon Musk, Musk, Fields, they've, Li, Biden, Musk's, That's Organizations: Alliance for American Manufacturing, U.S, BYD, NBC News, Western, Communist Party, Ford, International Energy Agency, Western automakers, United States, Lawmakers, World Trade Organization, European, Rhodium Group, EV, China Association of Automobile Manufacturers Locations: China, EVs, U.S, BYD Americas, BYD, Shenzhen, United States, Beijing, Europe, United, Union, Chinese, Mexico, South Korea, Japan
CNN —Celebrating the beauty of Blackness and protesting “environmental decadence” for a cleaner, waste-free future: that’s the vision of award-winning Nigerian metal sculptor and visual artist Dotun Popoola. Popoola’s most recent sculpture is a 12-foot-tall, 882-pound piece depicting the decorated head and neck of an African woman, inspired by his wife. “The work showcases the beauty of Black women all over the world,” Popoola said of the piece, which he began in 2022. “The amount of support shown by women all over the world made me shed tears of joy in my studio. If you keep doing what you do, one day you’ll be in the spotlight and the world will be watching.”
Persons: Dotun Popoola, ” Popoola, , ” Dotun Popoola, , Adeola, Popoola, Naomi Campbell, I’d, Tera DuVernay, Ava DuVernay, “ Tera, “ I’ve, Wynton Marsalis, Bryan Stevenson, Irinkemi Asake, “ Mr, ” It’s, Popoola’s, I’m Organizations: CNN, Popoola Studios, Legacy Museum, Equal, Initiative, Obafemi Awolowo University, Art Locations: Nigeria, Lagos, Montgomery , Alabama, America, Alabama, Dubai, Qatar, India, Americas, South Dakota, Africa, Osun State, Southwest Nigeria
This story is available exclusively to Business Insider subscribers. AdvertisementBut on May 2, a tourist on Nantucket found their Cybertruck trapped in the sand, requiring a tow truck to free it. According to the tow operator, the driver made one crucial error: He forgot to let air out of the tires. The tow operator said the safe spot for beach driving is between 18 and 22 psi. Representatives for Tesla did not immediately respond to a request for comment from Business Insider.
Persons: , hasn't, Elon Musk, Tesla, who've, There's, Marques Brownlee, Michael Brooks, Myles Russell Organizations: Service, Business, Traffic, NHTSA, Center for Auto Safety Locations: Nantucket, Canadian
Here are the biggest calls on Wall Street on Monday: Morgan Stanley initiates EHang Holdings as overweight Morgan Stanley said it's bullish on shares of the Asia autonomous aerial vehicle company. Morgan Stanley downgrades Victoria's Secret to underweight from equal weight Morgan Stanley said it sees "underappreciated downside" for the lingerie company. Citi downgrades Peloton to neutral from buy Citi said in its downgrade of the stock that it has "limited visibility." Morgan Stanley upgrades U.S. Steel to overweight from equal weight Morgan Stanley said in its upgrade of U.S. Steel that it likes the company's "transformational investments." Morgan Stanley reiterates Apple as overweight Morgan Stanley said it's sticking with its overweight rating on Apple after analyzing the company's quarterly 10-Q report.
Persons: Morgan Stanley, it's, Baird, Morgan Stanley downgrades, Wells, Bausch, Lomb, Apple, Johnson, MLCO, Moffett, Melius, inferencing, JPMorgan Organizations: EHang Holdings, EH, Deutsche Bank, Disney, Deutsche, Micron, Citi, Comerica, CMA, Steel, U.S . Steel, Apple, Services, UBS, JCI, Barclays, Resorts, Nvidia, Broadcom, AMD, Microsoft, JPMorgan, Group, Bank of America, Santander Brasil, of America Locations: Asia, U.S
Paramount — Shares popped 2.4% following a report that the owner of Paramount Pictures and CBS Entertainment Group began formal acquisition negotiations with a group led by Sony Pictures Entertainment and Apollo. Morgan Stanley downgraded Victoria's Secret to underweight and cut its price target, citing expectations for negative EPS revisions and a tough second half for specialty retail. EHang Holdings — The autonomous aircraft stock advanced 3.2% on the heels of a bullish initiation of research coverage from Morgan Stanley. United States Steel — Shares of the Pittsburgh-based steelmaker rose more than 2% after Morgan Stanley upgraded it to overweight from equal weight. U.S. Steel shares have room to rise thanks to internal improvements, even if the Nippon Steel buyout deal collapses, Morgan Stanley said in a note.
Persons: Warren Buffett, Li, Tyson, Howard Shultz, Morgan Stanley, Coinbase, Bausch, Johnson, , Sarah Min, Tanaya Macheel, Jesse Pound, Michelle Fox, Samantha Subin Organizations: Berkshire Hathaway, Paramount, Paramount Pictures, CBS Entertainment Group, Sony Pictures Entertainment, Spirit Airlines, Li Auto, StreetAccount, Starbucks, EHang Holdings, United States Steel, . Steel, Nippon Steel, Barclays, UBS Locations: Berkshire, China, Pittsburgh
Tyson Foods : Shares fell nearly 7% after the meat supplier issued a weak third-quarter outlook. I think the last story has not been written yet on Tyson," Jim Cramer said. Johnson Controls : Shares were basically flat Monday after UBS downgraded the stock to a hold-equivalent rating. Robinhood : The Securities and Exchange Commission informed Robinhood over the weekend that it could pursue enforcement actions tied to the brokerage's cryptocurrency operations. Robinhood shares were initially up more than 1% Monday, though they've given back some of the gains.
Persons: Jim Cramer's, Tyson, Jim Cramer, Baird, Cramer, Morgan Stanley, David Gitlin, Robinhood, they've Organizations: CNBC, Club, Tyson, Micron Technologies, Nvidia, Micron, . Steel, Japan's Nippon Steel, U.S . Steel, Johnson, UBS, Johnson Controls, Securities, Exchange Commission
Spirit also forecast second-quarter revenue between $1.2 billion and $1.34 billion, below a FactSet estimate of $1.46 billion. Paramount — Shares popped 3.3% following a report that the owner of Paramount Pictures and CBS Entertainment Group began formal acquisition negotiations with a group led by Sony Pictures Entertainment and Apollo . U.S. Steel shares have room to rise due to internal improvements, even if the Nippon Steel buyout deal collapses, Morgan Stanley said in a note. Morgan Stanley said the market is likely overlooking the Canadian-based company's progress on improving core profit margins. Morgan Stanley downgraded the intimate apparel maker to underweight due to expectations for negative earnings per share revisions.
Persons: Baird, Warren Buffett, Morgan Stanley, Tyson, StreetAccount, Bausch, Coinbase, Li Auto, Alex Harring, Jesse Pound, Samantha Subin, Hakyung Kim, Sarah Min, Matthew Staver Organizations: Berkshire Hathaway, Berkshire, Micron Technology, Spirit Airlines, Paramount, Paramount Pictures, CBS Entertainment Group, Sony Pictures Entertainment, United States Steel, . Steel, Nippon Steel, Medical Properties, Health Care, EHang Holdings, Barclays, Micron Technology Inc, Bloomberg, Getty Locations: The Boise , Idaho, Berkshire, Pittsburgh, China, Weibo, Boise , Idaho
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMonday’s rapid fire: Tyson Foods, Micron, U.S. Steel, Johnson Controls and RobinhoodCNBC’s Jim Cramer offered his quick-hit takes Monday on a number of stocks outside the Investing Club portfolio including Tyson Foods and Robinhood.
Persons: Tyson, Johnson, CNBC’s Jim Cramer Organizations: Tyson Foods, Micron, U.S . Steel
6:41 a.m.: Morgan Stanley raises Carvana price target Morgan Stanley likes what it sees from Carvana after its "operational turnaround." The bank reiterated an underweight rating on the used car retailer but raised its price target to $75 per share from $45. "Throughout 2023, CVNA transitioned from a distressed equity into an operational turnaround with a restructured interest burden," Morgan Stanley analyst Adam Jonas said. The firm downgraded the HVAC stock to neutral from buy and lowered its price target to $68 per share from $74. MU YTD mountain MU year to date — Brian Evans 5:45 a.m.: Morgan Stanley upgrades U.S. Steel There's a big buying opportunity in U.S. Steel after a recent pullback this year, according to Morgan Stanley.
Persons: Morgan Stanley, Baird, Morgan Stanley's, CVNA, Adam Jonas, — Brian Evans, Wells, Mike Mayo, Mayo, Brian Evans, Johnson, Damian Karas, " Karas, Tristan Gerra, Gerra, Carlos De Alba, Alba, De Alba, Fred Imbert Organizations: CNBC, U.S, Steel, Micron Technology, Wells Fargo, Citi, UBS, Johnson, JCI, Micron, MU, Nippon Steel, U.S . Steel, . Steel Locations: Carvana, Wells Fargo, Friday's, U.S
Now 42, Bilimoria is the sole partner of Refactor Capital, the early-stage venture-capital firm he launched in 2016. Through Refactor Capital, Bilimoria has backed unicorn companies including the green-chemical manufacturer Solugen and the space startup Astranis. AdvertisementTwo years later, Lee stepped down as a general partner — making Bilimoria the firm's sole investor. Life as a solo partnerAs a solo partner, "all the successes and all the challenges are on my shoulders," Bilimoria said. Refactor Capital invests in about eight companies every year and is deploying capital out of its third fund.
Persons: , Bilimoria, Andreessen Horowitz —, weren't, Andreessen Horowitz, David Lee, Lee Organizations: Service, University of Pennsylvania, Business, Microsoft, Netflix, Google, Twitter, Fund, SV Angel Locations: Northwest Indiana
CNN —No one dares speak louder than a whisper as nearly 1,000 people respectfully take their seats inside the dimly lit Crucible Theatre. They’ve come to witness the nerve-shredding, silently electric atmosphere of the World Snooker Championship. The World Snooker Tour (WST) – organizers of the World Snooker Championship – say the sport is watched by half-a-billion people around the world. The Crucible Theatre has been the home of the World Snooker Championships since 1977. Saudi Arabia’s pursuit of snooker should not be surprising, but moving the World Snooker Championship would be an emotional decision for many of its fans.
Persons: they’re, They’ve, Shaun Murphy, It’s, , they’ve, George Wood, Mike Watterson, Hossein Vafaei, , it’s, ” Murphy, Young, Murphy, ” Ronnie O'Sullivan, Ronnie O’Sullivan, Ronnie O’Sullivan’s, O’Sullivan, , , Steve Dawson Organizations: CNN, Crucible, CNN Sport, Sheffield, Crucible Theatre, , Wembley, Snooker, Wimbledon, , Theatre Locations: Sheffield, England, Augusta, Saudi Arabia, , Saudi, China
He sees California Forever. And if he can't undo the damage, there may never be a California Forever. California Forever may be a subdivision, but it's precisely the kind of subdivision America needs right now. But here's the thing: California Forever may be a subdivision, but it's precisely the kind of subdivision America needs right now. Places like California Forever aren't being opposed by the people who are desperate for a place to live.
Persons: Jan Sramek's, Goldman Sachs, Sramek, Reid Hoffman, Laurene Powell Jobs, Marc Andreessen —, They've, Christie Hemm, Peter Thiel, Jan Sramek, Jan, Thiel, Goldman, CheatSheet, Sramek's, hadn't, Jonas Rave, who's, , Guy Saidenberg, Evernote, Marc Andreessen, Jane Jacobs, He's, he'd, Robert Moses, growth.y Christie Hemm, Flannery, Bronson Johnson, David George, Andreessen Horowitz, Marilyn Farley, Farley, Solano County's, Kathleen Threlfall, Bill Mortimore, California Forever's, Jessica Christian, he's, Lyle Lanley, Solano, Sam Houston, weren't, Gabriel Metcalf, You've, John Garamendi, Garamendi, isn't, they'll, latte, Christie, Travis, I've, aren't, They're Organizations: Silicon, California, BI Development, University of Cambridge, London School of Economics, Party, Rising Star, Facebook, York, Sramek's, BI Sramek, Google, American, Planners, Sacramento -, Travis Air Force Base, Area, titans, Farmers, councilwoman, California Forever, Sacramento Municipal Utility District, Air Force, Flannery Associates, Disney, San Francisco, Vallejo Naval, Historical Museum, Rep, BI, Solano, Sierra, Goldman Locations: San Francisco, It's, Sramek, California, Rio Vista, Solano County, Napa, Sacramento, Silicon Valley, America, London, Zurich, England, Czech Republic, Dřevohostice, York, British, Eastern Europe, Cambridge, Bay Area, Hayes Valley, America's cutest, Atlanta, Phoenix, Copenhagen, Barcelona, New York, Sacramento - San Joaquin, San Francisco Bay, Lake Tahoe, Toledo , Ohio, Silicon, Google's, Toronto, Big Tech, China, Calif, Springfield, Vallejo, He's, Atherton, Foreverville, Fairfield, Austin, Solano, Valley, Europe
Invigorating growth is critical: When the economy expands, it improves standards of living, promotes innovation and makes households wealthier. Economic growth in Spain and France was stronger than expected last year. But the US is outperforming mainly for one key reason: Robust productivity growth. Productivity growth came in well below expectations in the first three months of the year, according to Labor Department data released last week. A “course correction” isn’t an even stronger US economy: Economic policymakers around the world need to address a range of key issues.
Persons: ” Kristalina Georgieva, ” Georgieva, ” Stephen Gallagher, Gallagher, , , Hande Atay Alam, Recep Tayyip Erdogan, Israel Katz, John Williams, Neel Kashkari, Lisa Cook, Krispy Kreme, John’s, Austan Goolsbee Organizations: Washington CNN, Monetary, IMF, European Central Bank, Labor Department, Societe Generale, CNN, Reuters, Palantir Technologies, Tyson Foods, Marriott Worldwide, New York Fed, Disney, UBS, Duke Energy, Suncor, Bros, Minneapolis, Toyota, Uber, Anheuser, Busch InBev, Airbnb, Fox Corporation, News Corporation, Duolingo, Icahn Enterprises, New York Times Company, AMC Entertainment, Honda, Warner Bros Discovery, Warner Music Group, Hyatt, Hilton, Bank of England, US Labor Department, United Kingdom’s, National Statistics, University of Michigan, . Chicago Fed, China’s National Bureau of Statistics Locations: Europe, China, United States, Spain, France, Russia, Ukraine, Turkey, Israel, Gaza, Olesya, “ Turkey, Lyft, TripAdvisor
Trainer Todd Pletcher watches as Kentucky Derby entrant Fierceness works out on Kentucky Oaks Stakes Day, one day before the 150th running of the Kentucky Derby, at Churchill Downs in Louisville, KY on Friday, May 03, 2024. It's the 150th Kentucky Derby. Wet weather could benefit six horses that have won in the mud or slop before, including early favorites Fierceness and Sierra Leone. The Kentucky Derby winner earns $3.1 million from the record purse of $5 million. Trainer Todd Pletcher, who saddles Fierceness, is in the Kentucky Derby for the 24th year and it never gets old.
Persons: Todd Pletcher, Fierceness, Dan, John Velazquez, Peter Brandt, Larry Demeritte, Demeritte, Young, Wayne Lukas, Frankie Dettori, He's Organizations: Kentucky Derby, Kentucky Oaks, 150th Kentucky Derby, Society, Saratoga Locations: Kentucky, Churchill Downs, Louisville , KY, Churchill, Sierra Leone, Bahamas, Japan, Italian
At a campaign event last month in Pennsylvania, the heartland of American steel manufacturing, President Biden made clear that he does not want the proposed takeover of U.S. Steel by Japan’s Nippon Steel to happen. “We’re finally making sure that United States Steel stays United States Steel,” Mr. Biden said. “It’s not going to be anybody else’s steel.”How that promise will be kept has yet to be determined. U.S. Steel said this week in its first-quarter earnings release that it expected the acquisition to be completed in the second half of this year, but noted that timing depended on getting regulatory approvals. On Friday, Nippon Steel said that it was delaying its timeline for the deal to close, from the middle of the year to the end of 2024, because it had been asked to provide more information about the transaction to the Department of Justice, which is reviewing the deal.
Persons: Biden, “ We’re, Mr, “ It’s Organizations: U.S, Steel, Japan’s Nippon Steel, United States Steel, . Steel, Nippon Steel, Department of Justice Locations: Pennsylvania
An Opaque Philip Johnson House Reopens After 15 Years
  + stars: | 2024-05-03 | by ( Suleman Anaya | ) www.nytimes.com   time to read: +1 min
The architect Philip Johnson’s Glass House, a rectangular glass-and-steel residence set on a grassy shelf above a wooded bluff in New Canaan, Conn., has epitomized a certain East Coast ideal of midcentury elegance since its completion in 1949. The home also established Johnson himself as the paragon of a specific type of New York architect: erudite, absolutist in his refinement and formidable in his influence wielding, shaping careers, institutions and public opinion like few others in his field. But since the National Trust of Historic Preservation opened the Glass House to the public as a museum in 2007, visitors have discovered there’s more to the place than its namesake centerpiece. For the past 15 years, however, a pivotal part of the estate has remained semi-concealed: Johnson’s guesthouse, known as the Brick House and situated just 80 feet from the site’s main attraction, has been closed to the public because of water damage. Now, after an extensive restoration and in time for the Glass House’s 75th anniversary, the building has finally been unveiled.
Persons: Philip Johnson’s, Johnson, David Whitney Organizations: MoMA, paragon, National Trust of Historic Preservation, Brick Locations: New Canaan, Conn, York
Artist Ya La'ford in front of one of her artworks. Ya La'fordAbstract artist Ya La'ford is in demand. Her commissions — including sculpture, installations and gallery exhibitions — mean she is fully booked for the next four years. "American Roots" (2021), an installation at The John and Mable Ringling Museum of Art in Sarasota, Florida, by Ya La'ford. The work was defaced in 2012 and restored in 2014, and Ya La'ford said it is one of her favorite artworks.
Persons: Ya, Ya La'ford, La'ford, She's, Janet Jackson, John, Maya Angelou, Maya, Melinda Gates, Mark Rothko's, London's, Rob Stothard Organizations: Nike, McLaren Racing, Orlando Magic, CNBC, NFL, Ringling Museum of Art, Fine Arts, Art Institute of Boston, University of Florida's Levin College of Law, Orlando Museum of Art . Orlando Museum of Art, U.S, Tampa Museum of Fine Arts, Asia, London's Tate, Getty Locations: St . Petersburg , Florida, Sarasota , Florida, Houston, China, Palenque , Colombia, St . Petersburg, Ogden , Utah, Jacksonville , Florida, Bronx , New York
Editor’s Note: This article was originally published by The Art Newspaper, an editorial partner of CNN Style. (CNN) — The Italian artist and provocateur Maurizio Cattelan shines a light on gun violence and the divisions in US society in a new installation at Gagosian in New York City. “We live in a world where the rich are getting richer and the poor are becoming poorer,” Cattelan told The Art Newspaper. America was about wealth, and this new work is about violence and wealth,” he added. Read more stories from The Art Newspaper here.
Persons: , provocateur Maurizio Cattelan, , ” Cattelan, Solomon, Gagosian, Francesco Bonami, Maurizio Cattelan's, Kevin Frayer, , Read Organizations: The Art, CNN, Art, Guggenheim Museum, Gagosian, UCCA, Contemporary Art, Art Basel Locations: New York City, Brooklyn, Europe, ‘ America, United States, America, Beijing, China, Miami Beach
About 80 miles southeast of Louisiana’s coast, 100,000 metric tons of steel floats in the Gulf of Mexico, an emblem of the hopes of oil and gas companies. This hulk of metal, a deepwater platform called Appomattox and owned by Shell, collects the oil and gas that rigs tap from reservoirs thousands of feet below the seafloor. But oil companies like Shell are betting that the world will need oil and gas for decades to come. To serve that demand, they are expanding offshore oil and gas drilling into deeper and deeper waters, especially here in the Gulf of Mexico. Offshore production, oil executives argue, is not only crucial to power cars, trucks and power plants but also better for the planet than drilling on land.
Organizations: Shell Locations: Louisiana’s, Gulf of Mexico, Appomattox
CNN —Turkey has halted all import and export transactions with Israel in protest over the war in Gaza. “All import and export transactions related to Israel, including all products, have been stopped,” Turkey’s trade ministry said in a statement Thursday. Thursday’s measures by Turkey follow the introduction last month of restrictions on its exports to Israel after the Turkish foreign minister accused Israel of denying a request to airdrop aid to Gaza. Turkey is one of the biggest donors of aid to Gaza, according to Israel’s Coordinator of Government Activities in the Territories. Israeli attacks in Gaza have killed more than 34,600 Palestinians as of May 1, according to the territory’s Ministry of Health.
Persons: , , Recep Tayyip Erdogan, Israel Katz, Katz, Israel, Turkey’s, Eyad Organizations: CNN, Reuters, Israel’s Ministry of Foreign Affairs, Hamas, territory’s Ministry of Health Locations: Turkey, Israel, Gaza, “ Turkey, “ Israel, Territories, Republic of Turkey, Gaziantep
Total: 25