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☆ Wall Street warning: Ray Dalio, Jamie Dimon, Larry Fink issue grim outlooks for the global economy
▼ + stars: | 2023-10-25 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +6 min

Ray Dalio, Jamie Dimon, David Solomon, Larry Fink, and Steve Schwarzman all shared their views. They tackled topics such as inflation, recession, the Israel-Hamas war, and commercial real estate. JPMorgan CEO Jamie Dimon, BlackRock CEO Larry Fink, Goldman Sachs CEO David Solomon, Blackstone CEO Steve Schwarzman, and Bridgewater Associates founder Ray Dalio all shared their views. They touched on everything from the Israel-Hamas conflict and pressures on commercial real estate to inflation, interest rates, fiscal and monetary policies, and the risk of recession. David SolomonThe Goldman Sachs chief recalled the boom in mergers and acquisitions coming out of the pandemic, as massive amounts of fiscal stimulus and rock-bottom interest rates fueled "extreme confidence."

Persons: Ray Dalio, Jamie Dimon, David Solomon, Larry Fink, Steve Schwarzman, —, Goldman Sachs, Blackstone, Dalio, Dimon, Fayez Nureldine, David Solomon The Goldman Sachs, that's, Solomon, Fink, aren't, he's, we'll, Schwarzman Organizations: Service, Future Investment Initiative, Tuesday, JPMorgan, BlackRock, Bridgewater Associates, Getty Locations: Saudi Arabia, Israel, Russia, Ukraine, Riyadh, AFP

The International Energy Agency (IEA) said in its World Energy Outlook 2023 report released on Tuesday that China is reaching an inflection point and its total energy demand is likely to peak around the middle of this decade. But the sheer scale of China's energy demand means that even though it's making vast strides to deploy renewables and electrify its vehicle fleet, it will still be consuming vast quantities of fossil fuels for decades to come. "In our scenarios, China's GDP growth averages just under 4% per year to 2030," the IEA said. "This results in its total energy demand peaking around the middle of this decade, with robust expansion of clean energy putting overall fossil fuel demand and emissions into decline." This means that from a climate change perspective, encouraging and supporting China's energy transition is probably the most meaningful goal that can be achieved.

Persons: it's, It's, Sam Holmes Organizations: International Energy Agency, Energy, IEA, Reuters, Thomson Locations: LAUNCESTON, Australia, China, Europe

☆ Analysis: Canada's Trudeau, far behind in polls, remains the Liberals' best chance
▼ + stars: | 2023-10-11 | by ( Steve Scherer | ) www.reuters.com time to read: +4 min

[1/3] Canada's Prime Minister Justin Trudeau speaks at the close of the Seventh Assembly of the Global Environment Facility (GEF) in Vancouver, British Columbia, Canada August 25, 2023. Right now, most opinion polls show Trudeau significantly trailing his newest rival, Conservative leader Pierre Poilievre. But none are perceived to be as scrappy and determined at retail politics as Trudeau is, Liberal insiders and pollsters say. No Canadian prime minister since Wilfrid Laurier in 1908 has won four consecutive elections. In 2015, Ekos had the Liberals down 22 percentage points in the spring and Trudeau won a majority in the fall.

Persons: Justin Trudeau, Chris Helgren, Liberal Party's, Trudeau, Pierre Poilievre, Chrystia Freeland, Mark Carney, Wilfrid Laurier, Frank Graves, I'm, HOUDINI, Poilievre, Angus Reid, Shachi Kurl, Darrell Bricker, It's, Ekos, We've, we've, Kurl, Houdini, Steve Scherer, David Ljunggren, Denny Thomas, David Gregorio Our Organizations: Seventh Assembly of, Global Environment, REUTERS, Rights OTTAWA, Canadian, Liberal, Conservative, Conservatives, Liberal Party, Ekos Research, Angus Reid Institute, Liberals, Ipsos Public Affairs, Thomson Locations: Vancouver , British Columbia, Canada, Trudeau's, British Columbia, New Delhi

☆ An 'extended war'? Markets may be underestimating the Israel-Hamas conflict
▼ + stars: | 2023-10-11 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +6 min

Oil prices jumped 4% on Monday before shrugging off those gains in subsequent sessions, and gold prices have inched higher by a little over 1% since the attack. "Global markets have yet to fully price the inflation risks from developments — from higher oil prices and more defense spending," Savage cautioned. That would cause the premium [of oil prices] to go higher," said Rapidan Energy Group's President Bob McNally. This could spike oil prices well north of $150 per barrel," Alpine Macro said in a note following the incursion. One analyst is of the view that even if the conflict prolongs, its implications on global markets is still largely contained.

Persons: Sameh, BNY Mellon, shrugging, BNY, Bob Savage, Savage, Amir Cohen, Bob McNally, McNally, Antony Blinken, Marko Papic, Mahmud Hams Organizations: Nurphoto, Hamas, U.S ., Swiss, BNY, Stockholm International Peace Research Institute, Reuters, Energy, United Nations, U.S, ., NBC News, Palestinian Health Ministry, Clocktower Group, CNBC, Brigades, Afp, Getty Locations: Gaza City, Israel, Palestinian, Gaza, Ukraine, Stockholm, U.S, Ashkelon, Iran, United States, Persian, Mahmud

☆ Israel-Hamas war may lead to big risk-off market, echoing Russian invasion of Ukraine, says Alpine Macro
▼ + stars: | 2023-10-09 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

.SPX mountain 2022-01-01 S & P 500 Oil prices jumped Monday following the latest Middle East violence, with West Texas Intermediate crude oil futures climbing 3.7%, trading above $85 a barrel. Alpine Macro said volatility in the energy market could drag on if the conflict escalates further. "Short-term, the risk means prices should increase in the next few days and weeks," Alamariu said. In the most extreme scenario, where Israel strikes Iran's nuclear facilities, oil prices could soar above $150 per barrel, the firm said. "Israel's retaliation strategy is still TBD, but expect a very strong response, lasting weeks, if not months, and thus heightened geopolitical and market volatility," Alamariu said.

Persons: Dan Alamariu, Alamariu, Yoav Gallant Organizations: Hamas, Federal, West Texas, Israeli Locations: Israel, Russia, Ukraine, U.S, Gaza

☆ Airbus names sales chief Scherer CEO of planemaking arm
▼ + stars: | 2023-09-26 | by ( Tim Hepher | ) www.reuters.com time to read: +2 min

Airbus Chief Commercial Officer Christian Scherer is interviewed by Reuters at the International Air Transport Association's Annual General Meeting in Boston, Massachusetts, U.S., October 4, 2021. Scherer's appointment as Commercial Aircraft CEO, first reported by Reuters, will take effect from Jan. 1 after discussions with unions, Airbus said. Scherer, who is currently chief commercial officer, said Airbus would meet its operational objectives. Airbus formally merged with its dominant planemaking business in 2018, meaning it combines two separate headquarters and operational functions under one CEO, with the Helicopters and Defence & Space divisions sitting underneath. The shake-up brings back a separate planemaking CEO under the same roof but the company does not appear to be re-creating two entities, something that had created a stage for chronic in-fighting in the past.

Persons: Christian Scherer, Brian Snyder, Guillaume Faury, Scherer, Faury, Tim Hepher, Louise Heavens Organizations: Airbus, Reuters, International Air, REUTERS, Rights, Commercial Aircraft, Boeing, Helicopters, Defence, Space, Thomson Locations: Boston , Massachusetts, U.S

☆ New Zealand forecasts much larger budget deficit but improved economy
▼ + stars: | 2023-09-12 | by ( Lucy Craymer | ) www.reuters.com time to read: +2 min

REUTERS/David Gray/File Photo Acquire Licensing RightsWELLINGTON, Sept 12 (Reuters) - New Zealand’s government on Tuesday predicted a larger budget deficit but better-than-expected economic conditions in the year ahead, as it updated forecasts heading into the October election. The government forecast a budget deficit of NZ$11.4 billion ($6.7 billion) for the year ending June 30, 2024, much larger than a deficit of NZ$7.6 billion estimated in May. The global economy has deteriorated since May, which is having a direct impact on New Zealand's economy while tax revenue is also falling, Finance Minister Grant Robertson said in a statement. "Treasury’s latest forecasts show the economy isn’t working for Kiwis," said National Party leader Christopher Luxon. ($1 = 1.6926 New Zealand dollars)Reporting by Lucy Craymer; Editing by Sam Holmes and Edwina GibbsOur Standards: The Thomson Reuters Trust Principles.

Persons: David Gray, Grant Robertson, Robertson, ", Christopher Luxon, Lucy Craymer, Sam Holmes, Edwina Gibbs Organizations: REUTERS, Rights, Finance, Zealanders, Treasury, Kiwis, National Party, Reserve Bank of New, Zealand, Thomson Locations: Wellington , New Zealand, Reserve Bank of New Zealand

☆ In surprise move, Canada pauses talks on trade treaty with India
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Chris Helgren/File Photo Acquire Licensing RightsOTTAWA, Sept 1 (Reuters) - Canada on Friday unexpectedly said it had paused talks on a proposed trade treaty with India, just three months after the two nations said they aimed to seal an initial agreement this year. Canada and India have been talking off and on since 2010 about a comprehensive economic partnership agreement. India and Canada said in May they aimed to seal an initial agreement this year to increase trade and expand investment while setting out a mechanism to deal with disputes. Last month, a top Indian trade official said New Delhi planned to hold bilateral free trade talks with Canada and other nations on the sidelines of a G20 summit next week. Neither Trudeau's office or the office of Trade Minister Mary Ng were immediately available for comment.

Persons: Justin Trudeau, Chris Helgren, we've, Sanjay Kumar Verma, Trudeau, Mary Ng, David Ljunggren, Jonathan Oatis, Andy Sullivan Organizations: Canada's, Seventh Assembly of, Global Environment, REUTERS, Rights, Canadian Press, Ottawa, Trade, Thomson Locations: Vancouver , British Columbia, Canada, India, New Delhi, Delhi

The United Nations headquarters building is pictured though a window with the UN logo in the foreground in the Manhattan borough of New York August 15, 2014. Canada said it would put in 200 million Canadian dollars ($147.20 million) and the United Kingdom contributed 10 million pounds ($12.60 million). Campaign group Avaaz said the Global Biodiversity Framework Fund needed $200 million from at least three donors by December to be considered operational. "Surely donors can come up with the paltry $40 million" needed to get the fund up and running. Framework Convention on Climate Change which has provided more than $23 billion to thousands of projects in the past 30 years.

Persons: Carlo Allegri, David Cooper, Avaaz, Oscar Soria, Gloria Dickie, Isla Binnie, David Gregorio Our Organizations: United Nations, UN, New York, REUTERS, Biological Diversity, Nations, Global Environment, Thomson Locations: Manhattan, New, Vancouver, Canada, United Kingdom, Kunming, Montreal, London, New York

☆ Instant view: Russia's rouble weakens past 100 per US dollar
▼ + stars: | 2023-08-14 | by ( Reuters Staff | ) www.reuters.com time to read: +2 min

The Russian rouble fell past the psychologically key 100 per U.S. dollar threshold for the first time since March last year on Monday. FILE PHOTO: Russian rouble and U.S. dollar banknotes are seen in this illustration photo taken March 10, 2023. MICHAEL WANG, DEPUTY PORTFOLIO MANAGER, MIRABAUD ASSET MANAGEMENT“The rouble has been underperforming all this year, partly on lower oil revenues but also because of capital flight. “The rouble remains under the selling pressure in the current global environment dominated by concerns about China, which is Russia’s most important trading partner.”“The sharp fall in Russia’s current account surplus leaves the rouble more vulnerable to global sentiment. The CBR (Russian central bank) may have to raise interest rates further to cool down domestic demand and slow down imports to stabilize the rouble.”

Persons: Dado Ruvic, Vladimir Putin’s, MICHAEL WANG, TIMOTHY ASH, Nabiullina, ”, PIOTR MATYS Organizations: REUTERS, CBR Locations: Russian, Russia, POLAND, China, Russia’s

☆ Cocaine cartels encroach on Unification Church’s Paraguayan paradise
▼ + stars: | 2023-08-10 | by ( Puerto Casado | ) www.reuters.com time to read: +20 min

Many of the runways are on land owned by the Unification Church of South Korea, founded by Rev. The Unification Church is a major power in this unruly region. Byun, the Unification Church lawyer, provided Reuters with an April 2022 document the church sent to Paraguayan anti-narcotics prosecutors, urging an investigation into potential illicit activity. Trouble in paradiseThe alleged drug-running on its land isn’t the only trouble the Unification Church has faced in the Chaco. Byun, the church lawyer, acknowledged the tensions with locals in Puerto Casado but declined to comment on the Myungs or the fire.

Persons: Sun Myung, Michelle Byun, ” Byun, “, Moon, God, ”, Miguel Ángel Servín, Servín, Rodrigo Alvarez, Elva Cáceres, Marco Alcaraz, Cynthia Tarrago, Tarrago, Raimundo Va, Rodrigo Alvarenga Paredes, Byun, Alvarenga, “ Alvarenga, Rodrigo Álvarez, Álvarez, Pedro Juan Caballero, ‘ Lawless, –, Marcelo Pecci, José Carlos Acevedo, ” Acevedo, Pecci, Acevedo, Mario Abdo Benítez, James Laverty, Hak Ja, ” –, Carlos Casado, Anger, Locals, Lorenzo Myung, Martin Rodriguez, Rodriguez, Dora Irrazábal, Irrazábal, Alberto David Gauto, Gauto, Emilio Camacho, Moon’s, Hyun Jin, Preston, Hak, Hyung Jin, Sean, Massimo Introvigne, Sean Moon, Preston Moon, Puerto Casado, Virgilio Chamorro, Gabriel Stargardter, Daniela Desantis, Feilding, Tomas Bravo, John Emerson, Brian Thevenot Organizations: Unification Church of, Rev, Authorities, Reuters, Unification Church, Holy Spirit Association, South Korea’s Unification, Belgian, Sting, South, International Association of Parliamentarians, Peace, U.S . Federal Bureau of Investigation, Colorado Party, Yorker, U.S, Attorney, FBI, Capital Command, PCC, United Nations Office, Drugs, U.S . Drug, Carlos Casado SA, Salesian, Supreme, FARC, Peace Foundation, Center for Studies, New, Iron Ministries, Preston, Tomas Bravo Graphics Locations: Paraguayan, Unification Church of South Korea, SENAD Paraguay, Chaco, Paraguay, Korea, Bolivian, Peruvian, Atlantic, Brazil, Uruguay, Argentina, Europe, Argentine, Manhattan, “, Antwerp, Europe’s, Servín, Asunción, Seoul, New York City, United States, New Jersey, Tarrago, Va, U.S, Byun, Alvarenga, Chile, Ecuador, Colombian, Bolivia, American, South America, America, Puerto Casado, Gauto, Preston, Turin, Italy, Pennsylvania, Puerto

☆ Why we should build cities that are kind to nature
▼ + stars: | 2023-07-31 | by ( Nadia Leigh-Hewitson | ) edition.cnn.com time to read: +5 min

For Call to Earth Day 2023, we will focus on the vital link between urban areas and wilderness, and shed light on the impact cities have on distant natural spaces. Here, we explore how our cities can be part of the great tapestry of habitats on Earth. The feral flock is thought to represent around 10% of the remaining population, showing how cities can be safe spaces for wildlife. Letting animals moveThrough the sprawl of cities, animals increasingly encounter challenges in navigating their once-open territories. By blending the urban and natural worlds, these buildings can become a crucial part of the solution to create greener cities for future generations.

Persons: Noemi Cassanelli, ” Organizations: CNN, Park, Getty, International Locations: Varanasi, Hong Kong, Banff, Fukuoka, Japan

WELLINGTON, July 27 (Reuters) - U.S. Secretary of State Antony Blinken said on Thursday the door was open for New Zealand to engage with the AUKUS weapons development and procurement project between the United States, Britain and Australia. The multi-stage AUKUS project announced in March is planned to culminate in the late 2030s and early 2040s with British and Australian production and operation of a new submarine class - SSN-AUKUS - and include "cutting edge" U.S. technologies. "The door's very much open for New Zealand and other partners to engage as they see appropriate going forward," Blinken told a news conference in Wellington. And so as we further develop AUKUS, as I said, the door is open to engagement." Blinken is New Zealand for just over a day as part of a three-country visit to the Pacific.

Persons: Antony Blinken, Blinken, Chris Hipkins, Nanaia Mahuta, “, Mahuta, Renju Jose, Alasdair Pal, Stephen Coates Organizations: WELLINGTON, British, New, New Zealand, Thomson Locations: Zealand, United States, Britain, Australia, New Zealand, Wellington, Pacific, Solomon Islands, Solomon, Sydney

☆ With climate change, health care providers should be more mindful of heat-related illness, doctors say
▼ + stars: | 2023-07-27 | by ( Jen Christensen | ) edition.cnn.com time to read: +8 min

Heat stroke is one of the most common and most deadly heat-related illnesses, and it becomes a significant problem during heat waves. Even healthy young people can get heat stroke, particularly if they are working or exercising outside when temperatures are high. Sorensen’s Global Consortium is trying to make it so every health care provider considers weather as a factor in health problems. “It doesn’t have to get as hot in Northern states as compared to Southern states, presumably because of differences in societal, physiological, cultural, health care adaptations,” Dresser said. Harvard is also piloting a program that will send targeted alerts to nurses, doctors and other health care professionals at clinics in areas with dangerously high temperatures.

Persons: It’s, ”, Caitlin Rublee, Dr, Cecilia Sorensen, ” Sorensen, “ We’re, Rublee, “, Sorensen, ’ ” Sorensen, I’m, Caleb Dresser, ” Dresser, Sanjay Gupta, Dresser Organizations: CNN, University of Colorado School of Medicine, US Environmental Protection Agency, US Centers for Disease Control, CDC, Global, Health Education, Columbia University, Colorado ER, Sorensen’s, Harvard Center for Climate, Health, Global Environment, Get CNN, CNN Health, Harvard Locations: United States, Midwest, Colorado, Southern

☆ Project Wild Earth: This family of four has just embarked on a 5-year adventure around the world
▼ + stars: | 2023-07-21 | by ( Kate Springer | ) edition.cnn.com time to read: +11 min

They instantly connected and maintained a long-distance relationship for a year after his road trip ended before moving to Hong Kong to start a life together. During the project, dubbed “Project Wild Earth,” they will also share stories on their website and social media accounts about inspiring rangers, support organizations, government officials and entrepreneurs they work or come in contact with. Leah, an American, worked as a primary school teacher and helped establish a Sudbury school in Hong Kong that empowers children to direct their own education. The Priors found themselves stuck in Hong Kong, which had some of the strictest pandemic restrictions in the world due to its “zero-Covid” approach. “When these things unfolded in Hong Kong, we had to reconsider everything.

Persons: we’re, Matt, Leah Prior, Leah, Zapp, Graham, Paige, “ Leah, ” Matt, ”, “, AdventureX, Jack, Matt couldn’t, “ Jack, Sai Kung, “ It’s, Dr, Jane Goodall, Tompkins, Allen, –, Reinhard Dirscherl, Charlotte, they’ll Organizations: CNN, The Explorers Club, Sumy Sadurni, Getty, Allen Coral Atlas, Jane, Jane Goodall Institute and, Bank Locations: Charlotte, Laos, London, South Korea, Hong Kong, Europe, Central Asia, China, Southeast Asia, Asia, Pacific, Africa, Americas, American, Sudbury, British, Indonesia, Hong, New Territories, AFP, Patagonia, agroforestry

☆ In pictures: The Wimbledon men's singles final
▼ + stars: | 2023-07-16 | by ( Jillian Kumagai | ) www.reuters.com time to read: 1 min

"We are experiencing a major global environmental crisis that shows itself ... in the loss of biodiversity and native wildlife," Chilean Environment Minister Maisa Rojas said during a visit to inaugurate a new unit at the shelter on Wednesday. "It is at risk."

Persons: Maisa Rojas Locations: Chilean

☆ New Zealand prime minister says Pacific region less secure due to China's assertiveness
▼ + stars: | 2023-07-16 | by ( Lucy Craymer | ) www.reuters.com time to read: +2 min

AUCKLAND, July 17 (Reuters) - The Pacific region is becoming more contested and less secure as China becomes more assertive, New Zealand Prime Minister Chris Hipkins said on Monday, outlining the country’s need to work with like-minded partners while still engaging with Beijing. “Our region is becoming more contested, less predictable, and less secure,” he said. “And that poses challenges for small countries like New Zealand that are reliant on the stability and predictability of international rules for our prosperity and security." “In this increasingly complex global environment, our relationship with China will continue to require careful management,” he said. Wang Xiaolong, China’s ambassador to New Zealand said in a speech that China and New Zealand relations were healthy, stable and thriving.

Persons: Chris Hipkins, Hipkins, ”, Wang Xiaolong, Lucy Craymer, Sandra Maler Organizations: AUCKLAND, Zealand, China Business Summit, Thomson Locations: China, Beijing, Auckland, “, New Zealand, New, Wellington, Australia, Canada, United States, United Kingdom, Lincoln

☆ In pictures: Czech Marketa Vondrousova wins Wimbledon title
▼ + stars: | 2023-07-15 | by ( Jillian Kumagai | ) www.reuters.com time to read: 1 min

Persons: Maisa Rojas Locations: Chilean

☆ Floodwater brings Delhi to a standstill
▼ + stars: | 2023-07-14 | by ( Jillian Kumagai | ) www.reuters.com time to read: 1 min

Persons: Maisa Rojas Locations: Chilean

☆ Police fire tear gas at opposition demonstrators in Nairobi
▼ + stars: | 2023-07-13 | by ( Jillian Kumagai | ) www.reuters.com time to read: 1 min

Persons: Maisa Rojas Locations: Chilean

☆ In wake of disasters, Chile animal shelter offers hope to wildlife
▼ + stars: | 2023-07-13 | by ( ) www.reuters.com time to read: +2 min

The shelter, first opened two decades ago, has seen a host of new residents this year following a string of recent wildfires, droughts and heavy rains. Among the animals housed at the Refugio Animal Cascada, which translates to Waterfall Animal Refuge, are foxes, falcons, owls and pumas. "We welcome (the wildlife) in order to rehabilitate them and release them," wildlife shelter director Kendra Ivelic said. Others, however, cannot be released because of the severity of their injuries, she added, such as a hawk who lost an eye. This week, the shelter is opening a new Environmental Education and Exhibition Center, which will house native animals that cannot be released and have been affected by fires or other environmental disasters.

Persons: Kendra, Cascada, Read, Maisa Rojas, Kendra Ivelic, Isabel Woodford, Sandra Maler Organizations: Refugio Animal, puma, Exhibition, Environmental Education Center, Chilean Environment, Environmental Education, Exhibition Center, Reuters, Thomson Locations: Refugio, SANTIAGO, Chile's, Santiago

☆ Opinion | Germany Is Learning a Lesson
▼ + stars: | 2023-07-05 | by ( Anna Sauerbrey | ) www.nytimes.com time to read: +2 min

For the first time in the postwar period, Germany is paying proper attention to the rest of the world. This starts with Chancellor Olaf Scholz, who has made a point of projecting Germany beyond its usual European boundaries. But the new reality, ushered in by the war in Ukraine, is challenging the country to go outside its comfort zone. Why, many asked, was Russia the prime focus of Germany’s indemnification efforts for post-Soviet states? Without access to Russian gas and in a profoundly changed global environment, Germany has begun to look for new partners, allies and markets.

Persons: BERLIN, It’s, Chancellor Olaf Scholz Locations: Germany, Ukraine, Russia

☆ Texas heat is not letting up at night
▼ + stars: | 2023-06-29 | by ( Evan Bush | ) www.cnbc.com time to read: +3 min

The heat wave in Texas has offered little reprieve. Heat at night disrupts sleep and prevents the body from recovering and cooling down, making minimum temperatures a critical indicator of a heat wave's severity, experts said. Texas State Climatologist John Nielsen-Gammon said temperatures during this heat wave in the state have threatened records at both ends of the spectrum — including maximums and minimums — in its urban centers. Ebi said the high nighttime temperatures and the prolonged nature of the Texas heat wave are particularly concerning. "A very small percentage of death certificates during a heat wave put down, 'heat' as an underlying cause," Ebi, who studies heat deaths, adding that about half of excess deaths, on average, are from cardiovascular diseases.

Persons: Del, Ben Zaitchik, John Nielsen, Gammon, We've, Kristie, Ebi, Everything's, Nielsen, We're Organizations: National Weather Service, Johns Hopkins University, Nielsen, Center for Health, Global, University of Washington Locations: Texas, Del Rio, San Antonio, Houston, Midland, San Angelo

☆ 3 reasons why even China doesn't want the yuan to replace the dollar as the world's reserve currency
▼ + stars: | 2023-05-29 | by ( Huileng Tan | ) www.businessinsider.com time to read: +8 min

The Chinese yuan is one of the top contenders challenging the USD's dominance as a reserve currency. However, Beijing may not be fully supportive of making the yuan the reserve currency of choice. Here's why even China isn't that keen on de-dollarizing the world economy and making the yuan the top reserve currency. So, the US will need to contend with ever larger amounts of deficit, in order to maintain its pre-eminent reserve currency position. Given the issues standing in Beijing's way, it's unlikely for the yuan to take over the greenback's position as the world's reserve currency of choice, said Green.

☆ Some climate-tech startups want you to believe AI tools can save the planet — but it's not that simple
▼ + stars: | 2023-05-24 | by ( Aaron Mok | ) www.businessinsider.com time to read: +9 min

AMP Robotics is just one of more than 44,500 climate tech startups that have emerged since 2010. Last year investors poured $70.1 billion into climate tech, an 89% rise compared with 2021, according to HolonIQ Global Impact Intelligence. While AI tools like Horowitz's waste-sorting robots have been around for years, the advent of generative-AI tools like OpenAI's ChatGPT has reignited conversations around deploying AI to address societal issues. PersefoniBut researchers warn AI may do more harm than goodResearchers, activists, and climate tech execs agree that AI can't single-handedly cool the planet. AMP RoboticsEven AI climate tech executives see limits to their impactEven climate tech executives believe there are limitations to AI.

Persons: Matanya Horowitz, Horowitz, ChatGPT, Carling Spelhaug, Sasha Luccioni, Luccioni, David Rolnick, Banks, James Newsome, Newsome, Rolnick, Bill McKibben, McKibben, Helena Norberg, Hodge, Norberg, OpenAI's ChatGPT Organizations: AMP Robotics, Caltech, Global, Intelligence, Carling, UN, McGill University, Research, Tech, Greenpeace, AMP Locations: Colorado, Africa, South America

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