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LISBON (Reuters) - Europe’s biggest technology conference, the Web Summit, will return to Lisbon in full force as a massive in-person event in 2021 after the coronavirus pandemic forced it to go fully online this year. FILE PHOTO: Web Summit's co-founder Paddy Cosgrave, Lisbon's Mayor Fernando Medina and Portugal's Prime Minister Antonio Costa react during the inauguration of Web Summit, Europe's biggest tech conference, in Lisbon, Portugal, November 5, 2018. But due to the outbreak, which has forced the cancellation or postponement of many major events, this year’s Web Summit will be held online next week. On Tuesday evening, Cosgrave announced on Twitter there will be a South American Web Summit in 2022 in either Rio de Janeiro or Porto Alegre in Brazil. “Holding each year, in the build up to November’s Lisbon Web Summit, events in key regions of the world is a good idea.”(This story refiles to fix repetition in headline)
Persons: Paddy Cosgrave, Fernando Medina, Antonio Costa, Pedro Nunes “, , Cosgrave, ” Cosgrave Organizations: Web, Lisbon's, Portugal's, REUTERS, Reuters, European Commission, Twitter, Summit, Locations: LISBON, Lisbon, Portugal, Dublin, Japan, New Zealand, American, Rio de Janeiro, Porto Alegre, Brazil, “ Brazil
Tesla to recall 9,136 Model X cars: NHTSA
  + stars: | 2020-11-25 | by ( Reuters Staff | ) www.reuters.com sentiment -0.99   time to read: 1 min
FILE PHOTO: A Tesla Model X is shown at a Tesla service center in Costa Mesa, California, U.S., October 20, 2020. REUTERS/Mike Blake/File Photo(Reuters) - Tesla Inc has filed to recall about 9,136 Model X cars, the National Highway Traffic Safety Administration (NHTSA) said here on Wednesday.
Persons: Mike Blake Organizations: REUTERS, Tesla Inc, Traffic Safety Administration Locations: Costa Mesa , California, U.S
Tesla issues two recalls covering 9,500 U.S. vehicles: NHTSA
  + stars: | 2020-11-25 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
FILE PHOTO: A Tesla Model X is shown at a Tesla service center in Costa Mesa, California, U.S., October 20, 2020. REUTERS/Mike Blake/File PhotoWASHINGTON (Reuters) - Tesla Inc is issuing two recalls covering about 9,500 vehicles for roof trim that may separate and bolts that may not have been properly tightened. The larger recall covers 9,136 Model X cars from the 2016 model year, the National Highway Traffic Safety Administration (NHTSA) said here on Wednesday. Due to the inadequate tightening, NHTSA said the upper control arm could detach from the steering knuckle. Tesla said it recently learned of three vehicle repairs where the upper control arm had separated.
Persons: Mike Blake, Tesla Organizations: REUTERS, WASHINGTON, Tesla Inc, Traffic Safety Administration, NHTSA, Tesla Locations: Costa Mesa , California, U.S
More transactional approaches are often unnecessary,” said Susheela Peres da Costa, head of advisory at Regnan, an adviser on environment, social and governance (ESG) issues. Those actions would generally come in three forms: efforts to influence the makeup of company boards, resolutions put forward at annual general meetings on cultural heritage issues and walking away from a firm by divesting. In the wake of the blasts, Rio and fellow top iron ore miners BHP Group and Fortescue Metals Group have all reviewed their heritage management processes. STARTING WITH LETTERSInstitutional investors are increasingly focusing on ESG issues to mitigate risk for the long-term investments they hold. Corporate advisers say one area of focus in heritage issues is likely to be how boards get independent information.
Persons: David Gray, , Susheela Peres da Costa, , Simon O’Connor, Rio, Fortescue, Elizabeth Gaines, Mary Delahunty, divesting, Mans, Sweeny, Daniel Smith, Henning Gloystein Organizations: MELBOURNE, REUTERS, divesting, Responsible Investment Association Australasia, Rio Tinto, BHP Group, Fortescue Metals Group, BHP, Institute for Energy Economics, of, of England Pensions, Australian, Eurasia Group Locations: Australia, Pilbara, Western Australia, Regnan, Rio, of England
(Reuters) - U.S. websites have seen a surge in travelers seeking expensive ironclad insurance this Thanksgiving, as Americans desperate to break the monotony of a year spent at home look to cover themselves against coronavirus-related risks. REUTERS/Chris Aluka BerryData from insurance comparison website Squaremouth on Tuesday showed the number of insurance policies purchased for U.S. domestic trips over the upcoming holiday was up 170%, compared to the same period of 2019. Some 40% of all Thanksgiving travelers specifically searched for coronavirus cover, replacing top concerns from previous years, such as weather and financial defaults, and spurring a rise in the overall cost of cover. The data from Squaremouth is based on all travel insurance policies purchased on its website between March 12 and Nov. 9 for travel over the week of Thanksgiving. For those traveling outside the United States, a travel insurance policy that also has medical cover for COVID-19 will cover medical treatment that a normal healthcare policy would not, as well as potentially medical evacuation.
Persons: Hartsfield –, Chris Aluka Berry, , “ It’s, , Jeremy Murchland, Courtney Glass, Madi, “ Madi Organizations: Reuters, coronavirus, Passengers, Hartsfield – Jackson Atlanta International Airport, REUTERS, U.S, Centers for Disease Control, Turks Locations: Hartsfield, Atlanta , Georgia, U.S, Bahamas, Costa Rica, Mexico, Caicos, Haiti, United States, California, Guatemala,
UK's four nations will relax COVID restrictions to save Christmas
  + stars: | 2020-11-24 | by ( Costas Pitas | ) www.reuters.com sentiment -1.00   time to read: +2 min
A social distancing sign is pictured as people visit a Christmas Tree Farm, amidst the outbreak of the coronavirus disease (COVID-19), in Keele, Staffordshire, Britain November 24, 2020. REUTERS/Carl RecineLONDON (Reuters) - The four nations of the United Kingdom have agreed to relax COVID-19 restrictions for Christmas to allow up to three households to meet at home for five days. Limits on travel will also be scrapped so that people can meet up, with an additional day on either side for those going to and from Northern Ireland. A decision is expected later this week on which areas will fall into the different categories. “The virus won’t take time off, so please be cautious,” said Scotland’s First Minister Nicola Sturgeon.
Persons: Carl Recine, , Michael Gove, Boris Johnson, Scotland’s, Nicola Sturgeon Organizations: REUTERS, Carl Recine LONDON, London Locations: Keele , Staffordshire, Britain, United Kingdom, England, Scotland, Wales, Northern Ireland
How to Game Black Friday Travel Deals During a Pandemic
  + stars: | 2020-11-24 | by ( Elaine Glusac | ) www.nytimes.com sentiment -0.86   time to read: +1 min
Normally, the 14-room Tierra Magnifica resort in Nosara, Costa Rica, doesn’t participate in Black Friday sales as it never had trouble filling its few rooms. “We’re not in it this year to make money,” said Steve Jacobus, the owner of the resort. Notably this year, the Black Friday sale window has been expanded, not just to what is known as Cyber Week — the week following Thanksgiving — but to much of November. At nearly 200 of its properties worldwide, Melia Hotels International is offering up to half off its rates throughout the month. The online travel agency Expedia is lengthening its sale by five days this year, running through Dec. 1, often highlighting free cancellation policies.
Persons: doesn’t, “ We’re, , Steve Jacobus, , Melia Organizations: Melia Hotels Locations: Tierra, Nosara, Costa Rica, Miami
Sales kickoffs can be an incredible tool or they can fall incredibly flat when it comes to engaging sales teams— especially when teams are working from home. On December 10, 2020, Salesforce will host a free digital event to discuss how to plan an inspiring sales kickoff. Registration for "5 Must-Haves for the Ultimate Sales Kickoff" is now open — register below. Register now to hear how to plan the ultimate virtual sales kickoff event. But not all sales kickoffs are effective and it can be even more challenging to inspire sales teams remotely.
Persons: Salesforce, Ascension, Tristan da Cunha, Nevis Saint Lucia Saint Martin, Saint Pierre, Miquelon, Miquelon Saint Vincent, Megan Allen, Jenna Dunkle, Lisa McCarthy Organizations: Albania Algeria American, Albania Algeria American Samoa Andorra Angola Anguilla Antarctica, Barbuda Argentina Armenia Aruba Australia, Ocean, Cayman Islands Central, Democratic, Cook, Costa Rica Côte, Croatia, Croatia Cuba Curaçao, Croatia Cuba Curaçao Cyprus Czech Republic Denmark Djibouti Dominica, Vatican, Democratic People's, Democratic Republic Latvia, Democratic Republic Latvia Lebanon Lesotho Liberia Libya Liechtenstein Lithuania Luxembourg Macao, Republic of Monaco Mongolia Montenegro, Occupied Panama Papua New Guinea Paraguay Peru Philippines Pitcairn Poland Portugal Puerto Rico Qatar Réunion Romania, Rwanda Saint, Tristan da Cunha Saint Kitts, Nevis Saint Lucia, Miquelon Saint, Grenadines Samoa, Grenadines Samoa San Marino, Grenadines Samoa San Marino Sao Tome and Principe Saudi Arabia Senegal Serbia Seychelles, Grenadines Samoa San Marino Sao Tome and Principe Saudi Arabia Senegal Serbia Seychelles Sierra Leone Singapore Sint, Jan Mayen Swaziland Sweden Switzerland Syrian, Leste, Caicos Islands Tuvalu Uganda Ukraine United Arab Emirates United Kingdom United States United States Minor Outlying, British Virgin Islands, Wallis, Sahara Yemen Zambia Zimbabwe Yes, Inc, Forward, Insider Studios Locations: Afghanistan Åland, Albania, Albania Algeria American Samoa Andorra Angola Anguilla, Albania Algeria American Samoa Andorra Angola Anguilla Antarctica Antigua, Barbuda Argentina Armenia, Barbuda Argentina Armenia Aruba Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia, Plurinational State, Bonaire, Sint Eustatius, Saba Bosnia, Herzegovina Botswana Bouvet Island Brazil, Brunei Darussalam Bulgaria Burkina Faso Burundi Cambodia Cameroon Canada Cape, Cayman, Republic Chad Chile China, Keeling, Colombia Comoros Congo Congo, Democratic Republic, Costa Rica, Croatia Cuba, Croatia Cuba Curaçao Cyprus Czech Republic Denmark Djibouti, Croatia Cuba Curaçao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Falkland, Fiji Finland France French Guiana French Polynesia, Southern Territories Gabon Gambia Georgia Germany Ghana Gibraltar Greece Greenland Grenada Guadeloupe, Guatemala Guernsey Guinea Guinea, Bissau Guyana Haiti, McDonald, Vatican City State, Honduras Hong Kong Hungary Iceland India Indonesia Iran, Islamic Republic of Iraq Ireland, of Man Israel Italy, Japan Jersey Jordan Kazakhstan Kenya Kiribati Korea, Democratic People's Republic of Korea, Republic of Kuwait Kyrgyzstan Lao, Democratic Republic Latvia Lebanon Lesotho Liberia Libya Liechtenstein Lithuania Luxembourg, Democratic Republic Latvia Lebanon Lesotho Liberia Libya Liechtenstein Lithuania Luxembourg Macao Macedonia, Yugoslav Republic of Madagascar Malawi Malaysia Maldives Mali Malta Marshall, Martinique Mauritania Mauritius Mayotte Mexico Micronesia, Federated States, Moldova, Republic of Monaco, Republic of Monaco Mongolia Montenegro Montserrat Morocco Mozambique Myanmar Namibia Nauru Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue Norfolk, Mariana, Norway Oman Pakistan Palau Palestinian Territory, Occupied Panama Papua New Guinea Paraguay Peru Philippines Pitcairn Poland Portugal, Occupied Panama Papua New Guinea Paraguay Peru Philippines Pitcairn Poland Portugal Puerto Rico Qatar Réunion Romania Russian, Rwanda Saint Barthélemy Saint Helena, Nevis, Grenadines Samoa San, Grenadines Samoa San Marino Sao Tome and Principe Saudi Arabia Senegal Serbia, Grenadines Samoa San Marino Sao Tome and Principe Saudi Arabia Senegal Serbia Seychelles Sierra Leone, Grenadines Samoa San Marino Sao Tome and Principe Saudi Arabia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten, Slovakia Slovenia Solomon, Somalia South Africa South Georgia, Sandwich Islands, Sudan Spain Sri Lanka Sudan Suriname Svalbard, Jan Mayen Swaziland Sweden Switzerland, Jan Mayen Swaziland Sweden Switzerland Syrian Arab Republic Taiwan, Province of China Tajikistan Tanzania, United Republic of Thailand Timor, Leste Togo Tokelau Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks, Caicos Islands Tuvalu Uganda Ukraine United, Uruguay Uzbekistan Vanuatu Venezuela, Bolivarian Republic, Viet, Virgin Islands, British Virgin, U.S, Futuna, Sahara Yemen Zambia Zimbabwe, Salesforce
EU must rebuild industry, avoid protectionism after pandemic: Portugal PM
  + stars: | 2020-11-23 | by ( Sergio Goncalves | ) www.reuters.com sentiment -0.98   time to read: +1 min
FILE PHOTO: Portugal's Prime Minister Antonio Costa speaks to the media outside European Commission building after a meeting with European Commission President Ursula von der Leyen, in Brussels, Belgium, October 15, 2020. Olivier Hoslet/Pool via REUTERS/File PhotoLISBON (Reuters) - Rebuilding European industry and making it less reliant on China and other nations should be a priority after the coronavirus pandemic but the EU should avoid protectionist policies, Portugal’s prime minister said on Monday. The pandemic has exposed how dependent the European Union has become on China and other countries for essential goods and this makes supply chains more vulnerable to the risk of disruption, Antonio Costa said. “Europe cannot be totally dependent on essential goods produced outside,” Costa said during an event to outline the main priorities of Portugal’s six-month EU presidency, which starts on Jan. 1. Part of the strategy should be to develop networks of different firms working on a European scale, he said, adding that the EU could only benefit from decentralising innovation and production chains.
Persons: Antonio Costa, Ursula von der Leyen, Olivier Hoslet, ” Costa, Costa Organizations: Portugal's, European, European Union, European Central Bank Locations: Brussels, Belgium, LISBON, China, Europe
JAKARTA (Reuters) - Indonesia reached a grim milestone on Monday in surpassing more than half a million coronavirus cases, as average new daily infections hit a record and hospitals in the country’s most populated province edged closer to capacity. “The government isn’t serious and the people are getting fatigued,” said Ahmad Rozali, a clothes trader at Tanah Abang market. There were more troubling trends in Monday’s data, with the seven-day average of new daily infections hitting a record 4,495 and the positivity rate at over 16% for three successive days. West Java epidemiologist Panji Fortuna Hadisoemarto said local and national transmission patterns indicate Indonesia’s struggle with the virus was far from over. “If it happens in West Java, it doesn’t necessarily happen elsewhere,” he said.
Persons: , , Ahmad Rozali, Dewi Nuraini, Surmana, Fortuna Hadisoemarto, Nowhere’s, Doni Organizations: Health, Reuters, Java Locations: JAKARTA, Indonesia, COVID, Southeast Asia, Jakarta, Tanah Abang, Java, Bandung, West Java, Banten, Central Java
Portugal to ban domestic travel, close schools around national holidays
  + stars: | 2020-11-21 | by ( Reuters Staff | ) www.reuters.com sentiment -0.85   time to read: +2 min
REUTERS/Rafael Marchante/File PhotoLISBON (Reuters) - Portugal is to ban domestic travel and close schools around two upcoming holidays in a bid to reduce the spread of coronavirus ahead of Christmas, Prime Minister Antonio Costa said on Saturday. Schools will close on the Mondays before both holidays, while businesses must close early. Employers are being encouraged to give workers the day off in order to minimise travel activity. “We continue to have a very high number of cases which is a threat to our health,” Costa told a press conference. Portugal reported 62 deaths and 6,472 cases of coronavirus on Saturday, mostly in the north of the country, bringing the total infections to 255,970 cases, with 3,824 deaths.
Persons: Rafael Marchante, Antonio Costa, ” Costa, Costa Organizations: REUTERS, Employers, European Centre for Disease Prevention Locations: Lisbon, Portugal, LISBON, Europe
"We're working on a mass distribution of the virus," Mnuchin said on CNBC's "Squawk on the Street." Presumably, Mnuchin meant to say the White House is working toward a mass distribution of a vaccine. Treasury Secretary Steven Mnuchin bungled his remarks in an interview Friday, saying the White House is working to spread the coronavirus. "Well, we hope it won't and again you know we're working on mass distribution of the virus," Mnuchin replied. Earlier on in the interview, Mnuchin said the White House is working toward achieving "mass distribution of the vaccine."
Persons: Steven Mnuchin, Mnuchin, Steven Mnuchin bungled, CNBC's David Faber, Oliver Willis, — Pedro Nicolaci da Costa, Mnuchin's Organizations: Twitter, Huffington, American Independent, White, Johns Hopkins University, Treasury Department
FILE PHOTO: A tram is pictured on the empty street during the coronavirus disease (COVID-19) outbreak, in downtown Lisbon, Portugal October 31, 2020. REUTERS/Rafael MarchanteLISBON (Reuters) - Portugal’s parliament on Friday approved a 15-day extension of a state of emergency from next week to allow continuation of coronavirus measures as the government considers fresh steps. Under Portuguese law, a state of emergency is limited to 15 days but can be extended indefinitely in 15-day periods. Internal Affairs Minister Eduardo Cabrita told parliament the state of emergency was likely to be renewed again after Dec. 8. Portugal, with around 10 million people, has recorded 249,498 coronavirus infections and 3,762 deaths, relatively low figures compared to some European countries.
Persons: Rafael Marchante LISBON, COVID, Antonio Costa, Eduardo Cabrita Organizations: REUTERS, , Twitter, Internal Locations: Lisbon, Portugal
The U.S. maritime regulator will investigate whether shipping lines are impairing the ability of American farmers to reach foreign markets by holding back empty containers needed to export goods. Newsletter Sign-up The Logistics Report Top news and in-depth analysis on the world of logistics, from supply chain to transport and technology. “The Commission is concerned that certain practices of ocean carriers and their marine terminals may be amplifying the negative effect of bottlenecks at these ports,” the FMC said. The shortage is partly due to imbalance in the value of the goods moving across the Pacific. U.S. exports lean heavily toward bulky agricultural goods, along with food and beverages, which have a lower market value.
Persons: A.P ., Costas Paris Organizations: Federal Maritime Commission, FMC, Long Beach, Pacific ., Shipping, Agriculture Transportation Coalition, A.P, A.P . Moeller, Maersk, costas.paris Locations: Los Angeles, Long Beach and New York, Asia, United States, Pacific . U.S, China, U.S, Washington
Brazil police may struggle to repatriate murdered Japanese woman
  + stars: | 2020-11-19 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
Slideshow ( 2 images )ABADIANIA, Brazil (Reuters) - Brazilian police may not be able to repatriate the body of a Japanese woman who was found murdered in Brazil, where she had sought treatment at a spiritual retreat, an investigating officer said on Thursday. Police have arrested Rafael Lima da Costa, an 18-year-old who confessed to killing Akamatsu on Nov. 10 during a robbery. Police tracked him using security camera footage and found where he had burned clothes, according to detective Isabela Silva. Japan’s embassy in Brazil said in a Wednesday statement that it had been informed of her death by local police on Nov. 16. Japanese diplomats said they were liaising with officials and those who needed to be alerted to her death, without giving more information.
Persons: Hitomi Akamatsu, João Teixeira de Faria, John of God, Oprah Winfrey, Rafael Lima da, Akamatsu, Isabela Silva, Silva, , ” Silva, John of God’s Organizations: Police Locations: Brazil, Rafael Lima da Costa, Japan, Abadiânia, Brasilia, Japan’s
Covid testing strained again as U.S. heads into holidays
  + stars: | 2020-11-19 | by ( The Associated Press | ) www.nbcnews.com + 0.00   time to read: +7 min
The tests used at most testing sites rely on specialized chemicals and equipment that have been subject to chronic shortages for months. In some cases, he said, lines are caused by a lack of scheduling by testing locations, which should stagger appointments. In recent months, federal health officials have distributed roughly 60 million rapid, point-of-care tests that deliver results in 15 minutes. This week, Quest Diagnostics warned that mushrooming demand for testing has increased its turnaround time to slightly more than two days. Godbey emphasized a stark point that health officials have been making for months: The U.S. outbreak is too large to be contained by testing alone.
Persons: , Scott Becker, Chaunta Renaud, Renaud, , Gigi Gronvall, Gronvall, Trump, Brett Giroir, we’re, ” Giroir, Marguerite Wynter, “ It’s, ” Wynter, Patrick Godbey, Godbey, — Monica Solis Organizations: Association of Public Health Laboratories, Lines, Dodger, Johns Hopkins University, U.S, San Francisco’s Department of Emergency Management, Lucira, Quest Diagnostics, NBC, Southeast Georgia Regional Medical, College of, Twitter, Facebook Locations: New York City, Los Angeles, Brooklyn, U.S, Chicago, Massachusetts, Christmas . Massachusetts, California, Costa County
JAKARTA (Reuters) - Some of the relatives of victims of a fatal Boeing 737 MAX crash in Indonesia have slammed a decision by U.S. aviation authorities to allow the jets to return to the skies, saying the move comes too soon. FILE PHOTO: Boeing 737 Max aircraft are parked in a parking lot at Boeing Field in this aerial photo over Seattle, Washington, U.S. June 11, 2020. “It wasn’t just the Lion Air flight, but also the victims in Ethiopia... A Boeing spokeswoman and spokesman for Lion Air did not immediately respond to a request for comment. Adita Irawati, an Indonesian transportation ministry spokeswoman, said Indonesia would allow the Boeing 737 MAX to fly once the FAA issued airworthiness directives.
Persons: Lindsey Wasson, shouldn’t, , Aris Sugiono, “ It’s, Anton Sahadi, ” Naoise Ryan, Latief Nurbana, Jan, Adita, Irawati, Sahadi, ” Sahadi Organizations: Boeing, U.S, Max, Boeing Field, REUTERS, Lindsey Wasson The U.S . Federal Aviation Administration, Indonesia’s, FAA, Lion, Ethiopian Airlines, Boeing Community Investment Fund, Lion Air Locations: JAKARTA, Indonesia, Seattle , Washington , U.S, Lindsey Wasson The, Ethiopia, U.S, , Indonesian
Surakarta mayoral candidate Gibran Rakabuming Raka, the eldest son of President Joko Widodo, speaks to journalists in Solo, Central Java Province, Indonesia, July 17, 2020. Jokowi rejects the notion that his son’s entry into politics shows a new dynasty is about to join the club. A separate elections supervisory body later said it investigated a report about fraudulent use of IDs, and found no irregularities. Confronted by accusations he is perpetuating Indonesia’s dynastic politics, Gibran told Reuters he “welcomed all criticism”, and believed he could create positive change in more people’s lives as a mayor than as an entrepreneur. “There has been political dynasties for generations,” shrugged Hartanto, a 42-year-old pedi-cab driver, “What’s important is they know their people.”
Persons: Joko Widodo, Gibran Rakabuming Raka, Antara Foto, Mohammad Ayudha, Jokowi, Suharto, ” Jokowi, , ” Gibran, Yoes Kenawas, Titi Anggraini, Halim, , Bagyo, Sugeng Riyanto, Gibran, Sugeng, ” Bagyo, Wawan Mas’udi, Budi Yuwono, Solo, Bagyo’s, Tresno, ” Johan Syafaat Mahanani, Gibran’s, Suryo Baruno, ” shrugged Organizations: Solo, Central Java, Reuters, Northwestern University, kingmakers, Bagyo Locations: SURAKARTA, Indonesia, Surakarta, Central, Central Java Province, Southeast Asia’s, Illinois, Jakarta, Java, panama, Sulawesi, Gadjah Mada
Elon Musk's electric vehicle and renewable energy company Tesla is poised to become the largest company ever added to the S&P 500. But the attention that the world's wealthy are paying to climate change is far more widespread than just at the level of the market's billionaires. There is a saying that you should keep your politics out of your pocketbook, and that is increasingly the case for wealthy investors when the issue is climate change. As he tells members of Tiger 21's new climate investing group, you don't have to believe in climate change to know it is going to transform economies. Zoom In Icon Arrows pointing outwards Solar and clean energy ETFs show a dramatic rise in the value of climate investing in 2020.
Persons: Jeff Bezos, Bezos, Tesla, Michael Sonnenfeldt, Sonnenfeldt, Biden, Andrew Lee, Lee, Fatih Birol, ESG, There's Organizations: Seattle, Bloomberg, Getty, Elon, Tiger, MIT Sloan Management School, MIT, Renewables, UBS Global Wealth Management, European Union, International Energy Agency, IEA, UBS, Private Locations: Costa Rica, Canada, Dallas, Houston, Europe, corporates, U.S, China, California, PWC
Morgan Stanley's second annual VC Report found that of over 70 venture capital firms surveyed, 75% strongly agree that "it is possible to have an investment strategy that intentionally invests in women and multicultural entrepreneurs, while still maximizing returns." Carla Harris, Morgan Stanley vice chair of global wealth management, told CNBC on Thursday that such numbers are significantly higher than a few decades ago. It took us a few decades to realize ... you can do quite well and do good," she said on "Squawk Box." Harris, who is also her firm's head of multicultural client strategy, added that the survey also shows a bright spot in funding that has a long history of uneven support for female and multicultural founders. Thus far, the venture capital industry has largely been spared the same scrutiny.
Persons: Morgan Stanley's, Carla Harris, Morgan Stanley, Harris, Pitchbook, VCs, she's Organizations: CNBC, Alpha
The devastation caused by Hurricane Iota became clear Wednesday as phone and internet service began to be restored after the second Category 4 hurricane in two weeks blasted Nicaragua’s Caribbean coast. The official death toll in Nicaragua rose to at least six, according to Vice President and first lady Rosario Murillo. People watch the waters of the Rio Bermejo in the wake of Hurricane Iota in San Pedro Sula, Honduras, on Nov. 17, 2020. Delmer Martinez / APIota battered Nicaragua’s Caribbean coast and flooded stretches of neighboring Honduras that were still under water from Hurricane Eta. The hurricane season officially ends Nov. 30.
Persons: Rosario Murillo, Filimon Wilfred, Iota, ” Wilfred, Delmer Martinez, , Paisano Wood, ” Wood, Ivan Duque, Phil Klotzbach Organizations: Hurricane Iota, Central America, El, Rio, Iota, AP Iota, Hurricane Eta, Eta, Nicaraguan, Colorado State University, NBC, Facebook, Twitter Locations: MANAGUA, Nicaragua, Bilwi, Hurricane, El Salvador, San Pedro Sula, Honduras, Tegucigalpa, Barra, Honduran, Brus Laguna, Honduras ’, Dios, , Panama, Costa Rica, Central America, Mexico, Providencia, Cuba
Maersk Line Expects Trade Rebound in 2021
  + stars: | 2020-11-18 | by ( Costas Paris | Dominic Chopping | ) www.wsj.com + 0.00   time to read: +4 min
Moeller-Maersk A/S expects that the global container market could expand by up to 5% in 2021 in a rebound from the pandemic-driven hit to trade in the first half of this year. Maersk’s third-quarter revenue fell 1.4% to $9.92 billion, above the company’s own guidance of $9.9 billion, and shipping volumes fell 3.6% from a year ago. This was more than offset by lower costs from reduced sailings, lower fuel costs and higher freight rates. Average freight rates at Maersk were 4.4% higher than a year ago. It said it now expects full-year earnings before interest, tax, depreciation and amortization of $8 billion to $8.5 billion, compared with $7.5 billion to $8 billion previously.
Persons: , Søren Skou, Skou, Germany’s Hapag, ” Mr, , Lars Jensen, Costas Paris, Dominic Organizations: Moeller, Maersk, Shanghai, Container, U.S, French, CMA CGM SA, Lloyd AG, Amazon.com Inc, Walmart Inc, SeaIntelligence, costas.paris Locations: Covid, Pacific, Asia, Europe, Copenhagen
Markets Gain on Vaccine Hopes: Live Business Updates
  + stars: | 2020-11-18 | by ( Eshe Nelson | Sophia June | Kate Conger | ) www.nytimes.com + 0.00   time to read: +5 min
Shares in SSE, the Scottish energy company, rose for the first time in five days after it reported earnings in line with its previous guidance. Oil prices in Europe and the United States rose just over 1 percent. But exuberance about vaccines has been tempered by the number of coronavirus cases climbing to record highs in the United States. Stock markets in the United States were set to open higher on Wednesday, futures indicated, as hopes for a coronavirus vaccine vied with continuing worries about the spread of the pandemic. Optimism about effective vaccine trials has helped lift the S&P 500 index by more than 10 percent this month.
Persons: Boris Johnson, DAX, Max, Jamie Dimon, JPMorgan Chase, Ruth Porat, Tim Sweeney, Tim Sweeney’s, Mike, Robert Smith, Ursula Burns Organizations: West Texas Intermediate, CAC, Nikkei, Boeing, Federal Aviation Administration, Food and Drug Administration, Stock, DealBook, Big Tech, JPMorgan, U.S, Google, Epic Games, Apple, Vista Equity Partners, Xerox Locations: Scottish, London, Europe, United States, France, Germany, Japan, Tokyo, Hong Kong, Sweden, Australia, Costa Mesa, Calif
Stocks Edge Higher on Vaccine Hopes: Live Updates
  + stars: | 2020-11-18 | by ( Eshe Nelson | Sophia June | Kate Conger | ) www.nytimes.com + 0.00   time to read: +5 min
Shares in SSE, the Scottish energy company, rose for the first time in five days after it reported earnings in line with its previous guidance. Oil prices in Europe and the United States rose just over 1 percent. The CAC index in France was 0.5 percent higher and the DAX index in Germany rose 0.4 percent. But exuberance about vaccines has been tempered by the number of coronavirus cases climbing to record highs in the United States. Stock markets in the United States were set to open higher on Wednesday, futures indicated, as hopes for a coronavirus vaccine vied with continuing worries about the spread of the pandemic.
Persons: Boris Johnson, DAX, Max, Jamie Dimon, JPMorgan Chase, Elizabeth Warren One, Warren, Ruth Porat, Tim Sweeney, Mike, Robert Smith, Ursula Burns, , LeBron James, Sherrilyn, James Organizations: West Texas Intermediate, CAC, Nikkei, Boeing, Federal Aviation Administration, Food and Drug Administration, Stock, DealBook, Big Tech, JPMorgan, Epic Games, Vista Equity Partners, Xerox, NAACP Legal Defense, Educational Locations: Scottish, London, Europe, United States, France, Germany, Japan, Tokyo, Hong Kong, Sweden, Australia, Costa Mesa, Calif
ET On Wall St., Vaccine Hopes Compete With Rising Cases: Live Updates RIGHT NOW DealBook summit, Day 2: Jamie Dimon, LeBron James and Ruth Porat. On Wall Street, progress on the vaccine front contends with surging cases. Optimism about effective vaccine trials has helped lift the S&P 500 index by more than 10 percent this month. Credit... Patrick T. Fallon/Agence France-Presse — Getty Images Stocks in the United States and Europe posted small gains on Wednesday, as hopes for a coronavirus vaccine vied with continuing worries about the spread of the pandemic. Oil prices in Europe and the United States rose just over 1 percent.
Persons: Jamie Dimon, LeBron James, Ruth Porat, Patrick T, Jerome H, Powell, ” Mr, Max, JPMorgan Chase, Elizabeth Warren One, Warren, Tim Sweeney, Mike, Robert Smith, Ursula Burns, , Sherrilyn, James Organizations: Fallon, Agence France, Wednesday, Pfizer, Food and Drug Administration, Federal Reserve, Boeing, Federal Aviation Administration, West, DealBook, Big Tech, JPMorgan, Epic Games, Vista Equity Partners, Xerox, NAACP Legal Defense, Educational Locations: St, Costa Mesa, Calif, United States, Europe, Sweden, Australia, West Texas
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