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Are Disposable Hotel Slippers the Next Plastic Straws?
  + stars: | 2024-04-30 | by ( Elaine Glusac | ) www.nytimes.com   time to read: +1 min
In November, managers at the Arenas del Mar resort near Manuel Antonio National Park in Costa Rica, challenged employees to come up with ways to operate more sustainably. “It’s very wasteful.”Like plastic straws and mini bottles of shampoo, disposable slippers — flimsy models usually made of plastic and fabric, and often found bedside at turndown or bagged in hotel closets — are the next single-use item in the cross hairs of sustainability activists. “Anything single-use is problematic,” wrote Willy Legrand, a sustainable hospitality expert and a professor at the IU International University of Applied Sciences in Bad Honnef, Germany, in an email. He cited the large footprint of a small slipper once you factor in production, shipping and waste. Single-use slippers, he said, “feel out of place and out of touch.”
Persons: Manuel, , Hans Pfister, , Willy Legrand Organizations: Arenas, Cayuga, IU International University of Applied Sciences Locations: Mar, Costa Rica, Bad Honnef, Germany
Global stock markets may be coming under pressure from geopolitical tensions and sticky inflation — but one portfolio manager sees potential in several stocks. Hinchliffe oversees more than $1 billion of PineBridge's assets via its Global Focus Equity Fund . What we are trying to do is beat the benchmark by constructing our portfolio to be similar to the market from a risk perspective," Hinchliffe said. "We're not taking a view that small caps are better or worse this year than last year; we're not taking the view that growth stocks are better than value stocks. The portfolio manager noted that they "clearly led the market last year based on fantastic earnings growth by and large."
Persons: Rob Hinchliffe, Hinchliffe, , Morningstar, We're, we're, France's Legrand Organizations: PineBridge Investments, CNBC Pro, Global Focus Equity Fund, Equity Fund, Stock, Microsoft, Nvidia, Walmart Locations: U.S, Swiss
Some manufacturers say indicator lights can sometimes serve a practical purpose. For example, an indicator light could show that a device is charging or plugged in and working properly. The light has a long lifespan and doesn’t generate excess heat — important qualities for a technology that’s used every day. “As a manufacturer, adding an LED light does cost something, so to add one just to add one seems quite wasteful. Linhares Jr. also said the lights can be helpful as night lights.
Persons: can’t, ” Steven Lockley, Paul Bogard’s, Kyle Moschen, Vincent van Gogh’s, Kyle Moschen “, Moschen, , Jonathan King, ” King, , Isamu Akasaki, Hiroshi Amano, Shuji Nakamura, ” David Loftus, ” Loftus, Manny Linhares Jr, Legrand, it’s, , Linhares, John Towfighi Organizations: Washington CNN, Harvard Medical School’s Division, Sleep, CNN, Logitech, Getty, Electronic Components Industry Association Locations: Seattle, New York, French
How China's property bubble burst
  + stars: | 2024-02-29 | by ( Gaelle Legrand | ) www.cnbc.com   time to read: +1 min
Since China's economic liberalization in the 1970s and housing reforms in the late 1980s, locals have flocked to properties as the investment vehicle of choice over alternatives such as the stock market. The property and construction boom helped fuel China's – and the world's – economic growth for 30 years. By some estimates, property in China was worth $60 trillion at its peak, making it the biggest asset class in the world. But the country's property crisis has deeper roots than speculation and uncontrollable debt. Watch the video to find out how China's property bubble burst.
Persons: wasn't Locations: China, Beijing
What is the World Economic Forum?
  + stars: | 2024-01-15 | by ( Gaelle Legrand | ) www.cnbc.com   time to read: 1 min
The World Economic Forum is famous for its annual week-long meeting in Davos, Switzerland — so much so, that "WEF" and "Davos" have pretty much become synonymous. Once the meetings are over, WEF packs up and returns to its headquarters 267 miles away in the suburbs of Geneva. Based there are around 600 of the international non-profit organization's more than 800 employees. Its says its mission is "improving the state of the world." Watch our video to learn more about the organization behind one of the world's most high-profile gatherings.
Persons: WEF Locations: Davos, Switzerland, Geneva
Russia's relationship with Israel, in 60 seconds
  + stars: | 2023-11-16 | by ( Gaelle Legrand | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRussia's relationship with Israel, in 60 secondsRussia is turning increasingly hostile toward Israel. But what has been their relationship over the past 75 years and how has it changed?
Locations: Israel, Russia
Siemens is case study in China de-risking dilemma
  + stars: | 2023-10-04 | by ( Pamela Barbaglia | ) www.reuters.com   time to read: +9 min
That’s unsettling for the likes of Siemens, $62 billion carmaker Volkswagen (VOWG_p.DE) and $39 billion chemicals group BASF (BASFn.DE). Factor in the German group’s 32% stake in Siemens Energy (ENR1n.DE) and 75% holding in Siemens Healthineers (SHLG.DE), currently worth 46 billion euros, and it adds up to 156 billion euros. The unit and Siemens’ Airport Logistics unit, which press reports say could be another divestment candidate, may only be worth 4 billion euros combined. Moreover, Kaeser already tried to boost Siemens’ valuation by partially spinning off subsidiaries. As of September, Siemens had bought back 2.5 billion euros of shares since starting a 3 billion euro share repurchase programme in November 2021.
Persons: Roland Busch, France’s Legrand, Busch, Joe Kaeser, he’s, Kaeser, Germany’s Bundesbank, Siemens, Goldman Sachs, Judith Wiese, George Hay, Oliver Taslic Organizations: Reuters, Siemens, Germany’s, Barclays, Reuters Graphics Reuters, Volkswagen, BASF, Software, Dassault, Automation, ABB, Smart Infrastructure, Siemens Energy, Siemens ’ Mobility, France’s Alstom, CRRC Corporation, Siemens ’ Airport Logistics, Siemens Healthineers, Toshiba Corp, Energy, BNP, Bloomberg, Financial Times, Thomson Locations: China, Brussels, Beijing, Germany, EMEA, Swiss, Middle Kingdom, Republic, Shenzhen, Sichuan, Chengdu, Southeast Asia, Indonesia, Vietnam, Thailand
E-bike company Super73 released a bike for kids that can go up to 15mph and costs nearly $1,300. It can go up to 15 miles an hour on any terrain, comes in four colors – and costs $1,295. The K1D is aimed at 4 to 8-year-olds – the same age range when many children learn how to ride a bike. Crewse says his niece loves her K1D bike. Are you a parent who has bought an e-bike for your child, is considering buying one – or is a skeptic?
Persons: Super73, LeGrand Crewse, Crewse, she's Organizations: Service, moto, presale Locations: Wall, Silicon, California, New York City
In the Italian city of Venice, the number of beds dedicated to tourists is now almost on par with the number of beds allocated to residents. An electronic counter installed by activists in the city tracking this number illustrates the ever-growing demand for short-term rentals, popularized by the home-sharing platform Airbnb, which is now as popular as hotels. The short-term rental market is projected to be worth $228.9 billion in 2030, boosted by the rise of commercial operators. But as the housing crisis deepens worldwide due to land and labor shortages, residents are questioning the impact of Airbnbs and second homes locally. So what is the economic impact of Airbnb and short-term rentals?
Persons: Dario Nardella Organizations: CNBC Locations: Italian, Venice, Florence
The company calls the K1D an “electric balance bike.”“But you can also call it a motorcycle,” Mr. Crewse said during a tour of the company’s 60,000-square-foot headquarters. “Then we have a race mode,” Mr. Crewse said — at 15 miles per hour. The e-bike industry is already pushing the boundaries of youth transportation, and Super73 is an early darling among customers. The company aims to sell more than 25,000 units this year, a significant portion of them for teens, Mr. Crewse said. What the company is selling, Mr. Crewse said, is a lifestyle, featuring “cool” products that are not subject to heavy regulation.
Persons: LeGrand Crewse, Mr, Crewse, , Organizations: Super73
LONDON — European markets were lower Monday as investors digest a heavy week of earnings and look ahead to euro zone inflation data and a key policy decision from the Bank of England. Food and beverage stocks were 0.9% lower in early deals, while oil and gas stocks were up 0.3%. Preliminary euro zone inflation data will be released at 11:00 a.m. CET, with a further fall from June's 5.5% expected to provide some relief for policymakers. The European Central Bank's Christine Lagarde signaled last week that the bank was "open minded" about whether it would raise rates in September as inflation shows signs of easing. The move would mark its 14th consecutive rise as U.K. inflation remains high, having fallen only slightly to 7.9% in June.
Persons: Christine Lagarde, France's Legrand, Pearson Organizations: Bank of England, Bank of Japan, Nikkei, Nasdaq, Heineken Locations: June's, Asia, Pacific, Europe, Netherlands
The pan-European STOXX 600 (.STOXX) was up 0.8% at 0920 GMT, extending gains for a third straight session. Shares of Sweco AB (SWECb.ST), a Swedish construction and engineering company, jumped 11% to top the STOXX 600 following its upbeat fourth-quarter earnings. An over 5% gain in AstraZeneca (AZN.L) on 2023 earnings and revenue growth forecast boosted the healthcare sub-index (.SXDP). Of the 93 STOXX 600 companies that have reported earnings so far, more than half have beaten market expectations, Refinitiv data showed on Tuesday. Signs of economic resilience and better-than-feared corporate earnings have helped European stocks outperform their U.S. counterparts so far this year.
Este convingerea METRO Moldova care, de 15 ani, consideră că responsabilitatea socială este la fel de importantă ca și succesul în afaceri. În acest sens, METRO organizează mai multe acțiuni menite să contribuie la dezvoltarea industriei ospitaliere din Moldova. Promovarea diversității, a șanselor egale și a toleranței sunt câteva dintre valorile declarate ale METRO. De asemenea, METRO a susținut și o campanie de informare în acest sens. De asemenea, METRO a susținut și o campanie de informare în acest sens.
Persons: Regina, Legrand Organizations: METRO Moldova, Națiunilor Unite, Social, Corporativă, METRO, Moldova, Concordia, Caritas Locations: Națiunilor, Moldova, Food, Republicii Moldova, Chișinău
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