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We need to implement food systems approaches throughout COP28," said Joao Campari, global leader of food practice at the World Wildlife Fund. Doing so could also unlock financial investment in tackling food emissions, said Saswati Bora, global director for regenerative food systems at the Nature Conservancy. TACKLING METHANEA key goal for advocates is reducing methane emissions from food sectors like livestock production and food waste. Countries should also make stronger commitments in NDCs on food waste, said Liz Goodwin, director of food loss and waste at the World Resources Institute. Food waste generates half of all global food system emissions according to a March study published in the journal Nature Food.

Persons: David Swanson, Joao Campari, NDCs, Patty Fong, Saswati Bora, Bora, John Tauzel, Tauzel, Liz Goodwin, Goodwin, Leah Douglas, Josie Kao Organizations: REUTERS, United Nations, Food, Agriculture Organization, FAO, World Wildlife Fund, Conference of, United, United Arab Emirates, Global Alliance, Nature Conservancy, COP26, Environmental Defense Fund, World Resources Institute, Thomson Locations: Corcoran , California, U.S, Dubai, COP28, United Arab, United States, India, China, Canada, NDCs

NEW YORK (AP) — In an age of deepfakes and post-truth, as artificial intelligence rose and Elon Musk turned Twitter into X, the Merriam-Webster word of the year for 2023 is “authentic.”Authentic cuisine. “We see in 2023 a kind of crisis of authenticity,” he said ahead of Monday's announcement of this year's word. Merriam-Webster added the word to its online dictionary in September and it's been among the top lookups since, Sokolowski said. DOPPELGANGER: Sokolowski calls this “a word lover's word.” Merriam-Webster defines it as a “double,” an “alter ego” or a “ghostly counterpart.” It derives from German folklore. Interest in the word surrounded Naomi Klein's latest book, “Doppelganger: A Trip Into the Mirror World,” released this year.

Persons: deepfakes, Elon Musk, Webster, Peter Sokolowski, “, ”, Sokolowski, OpenAI, Taylor Swift, Prince Harry, Musk, ” Sokolowski, ” There's, there's, EGOT, Viola Davis, Merriam, it's, Israel ”, Lookups, ” Merriam, Naomi Klein's, Naomi Wolf, King Charles III, Ryan Reynolds, Mike Johnson, recirculated, Donald Trump Organizations: Merriam, Associated Press, Twitter, Pixar, Titan, Covenant School, U.S, Rep, D.C Locations: Dubai, Israel, Gaza, Nashville , Tennessee, Louisiana, New York , Florida, Georgia, Washington

☆ Explainer: Global fossil fuel subsidies on the rise despite calls for phase-out
▼ + stars: | 2023-11-23 | by ( Sarah Mcfarlane | ) www.reuters.com time to read: +6 min

For example, it subsidises its refiners when global oil prices rise above $130 a barrel so they can keep fuel prices affordable. UNITED STATESU.S. fossil fuel subsidies stretch across the U.S. tax code, which makes detailing their costs complex. President Joe Biden, a Democrat, has proposed axing fossil fuel subsidies in his annual budget, largely a political document used in negotiations with Congress. MIDDLE EASTOil and gas producers in the Middle East including Qatar and Saudi Arabia had some of the highest fossil fuel subsidies per person, IMF data showed. CANADAEarlier this year Canada unveiled plans for eliminating inefficient fossil fuel subsidies.

Persons: Navesh, Joe Biden, Sarah McFarlane, Timothy Gardner, David Stanway, Jan Harvey Organizations: REUTERS, International Monetary Fund, EU, IMF, Nanjing Audit University, UNITED STATES, One U.S, Taxation, Democrat, Representatives, International Institute for Sustainable Development, EAST, Thomson Locations: Lalitpur, Nepal, Glasgow, Dubai, EU, Ukraine, CHINA, China, U.S, One, RUSSIA, India, Russia, East, Qatar, Saudi Arabia, Canada

From there, the carbon can either be moved directly to permanent underground storage or it can be used in another industrial purpose first, variations that are respectively called carbon capture and storage (CCS) and carbon capture, utilization, and storage (CCUS). Another form of carbon capture is direct air capture (DAC), in which carbon emissions are captured from the air. REUTERS/David Stanway/File Photo Acquire Licensing RightsOne stumbling block to rapid deployment of carbon capture technology is cost. Countries including the U.S. have rolled out public subsidies for carbon capture projects. The Inflation Reduction Act, passed in 2022, offers a $50 tax credit per metric ton of carbon captured for CCUS and $85 per metric ton captured for CCS, and $180 per metric ton captured through DAC.

Persons: David Stanway, Benjamin Longstreth, Petra Nova, Simone Stewart, Stewart, Leah Douglas, Marguerita Choy Organizations: 28th United, United, United Arab Emirates, CCS, Global CCS Institute, Drillers, International Energy Agency, REUTERS, U.S, CCUS, DAC, Task Force, U.S . Department of Energy, Navigator, U.S ., National Wildlife Federation, Thomson Locations: 28th United Nations, United Arab, U.S, Norway, Iceland, China, Canada, Qatar, Australia, Texas, Louisiana, Wuhu, Anhui province, North America, East Africa, U.S . Midwest

ORLANDO, Fla. (AP) — Morale and trust within the Walt Disney World government has deteriorated since allies of Florida Gov. With the departure of so many district employees in such a short period of time, the district is “no longer functional,” a facilities director who left last month wrote in her exit survey. Disney has sued DeSantis and the members of the Central Florida Tourism Oversight District board in federal court in Tallahassee over the takeover, claiming its free speech rights were violated. Disney is also battling the Central Florida Tourism Oversight District in state court in Orlando. Before control of the district changed hands, the Disney supporters on its board signed agreements with Disney to shift control over design and construction at Disney World to the company.

Persons: Ron DeSantis, ”, “, there’s, DeSantis, hadn't, Matthew Oberly, Martin Garcia, ” Garcia, Glen Gilzean, Gilzean, Mike Schneider Organizations: —, Walt Disney, Florida Gov, Central, District, Associated Press, Republican, GOP, Florida Legislature, Disney, Improvement Locations: ORLANDO, Fla, Florida, Central Florida, “, Reedy, cronyism, Tallahassee, Orlando

☆ Dollar pauses rally as markets brace for US nonfarm payrolls test
▼ + stars: | 2023-10-06 | by ( Rae Wee | ) www.reuters.com time to read: +3 min

Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. The dollar index , which earlier in the week hit a roughly 11-month high of 107.34, last settled at 106.37, but remained on track for 12 straight weeks of gains. The benchmark 10-year Treasury yield last stood at 4.7269%, while the two-year yield settled at 5.0267%. The pause in the dollar's rally has also provided a much-needed reprieve for the yen , which last bought 148.48 per dollar. Sterling edged 0.03% lower to $1.2188 and was likewise headed for five straight weeks of losses, struggling against a dominant dollar.

Persons: Rick Wilking, Rodrigo Catril, We've, Vishnu Varathan, Thierry Wizman, Rae Wee, Shri Navaratnam Organizations: REUTERS, Rights, . Treasury, greenback, U.S, Treasury, National Australia Bank, Bank of Japan, Ministry of Finance, Mizuho Bank ., Sterling, European Central Bank, Bank of England, Reserve Bank of Australia, New Zealand, Reserve Bank of New, Thomson Locations: Westminster , Colorado, Rights SINGAPORE, U.S, Reserve Bank of New Zealand

☆ Dollar pauses rally as markets brace for U.S. nonfarm payrolls test
▼ + stars: | 2023-10-06 | by ( ) www.cnbc.com time to read: +3 min

The dollar dipped on Friday but traders were largely keeping to the sidelines in both the currency and U.S. Treasury markets as they looked to U.S. nonfarm payrolls data later in the day for potential catalysts. The dollar index , which earlier in the week hit a roughly 11-month high of 107.34, last settled at 106.37, but remained on track for 12 straight weeks of gains. The benchmark 10-year Treasury yield last stood at 4.7269%, while the two-year yield settled at 5.0267%. The pause in the dollar's rally has also provided a much-needed reprieve for the yen , which last bought 148.48 per dollar. Sterling edged 0.03% lower to $1.2188 and was likewise headed for five straight weeks of losses, struggling against a dominant dollar.

Persons: Rodrigo Catril, We've, Vishnu Varathan, Thierry Wizman Organizations: . Treasury, greenback, U.S, Treasury, National Australia Bank, Bank of Japan, Ministry of Finance, Mizuho Bank ., Sterling, European Central Bank, Bank of England, Reserve Bank of Australia, New Zealand, Reserve Bank of New Locations: U.S, Reserve Bank of New Zealand

☆ Gold set to break longest losing streak in 7 years as bond selloff cools
▼ + stars: | 2023-10-05 | by ( ) www.cnbc.com time to read: +2 min

Gold edged higher on Thursday, set to end its eight-session-long losing streak, last seen around the same time in 2016, as U.S. bond yields and the dollar retreated from recent highs ahead of a keenly awaited non-farm payrolls report this week. Spot gold rose 0.3% to $1,826.49 per ounce by 0314 GMT, attempting a rebound from its weakest levels since March touched on Tuesday. Benchmark U.S. 10-year bond yields fell from 16-year highs on Thursday and the U.S. dollar was 0.2% lower, allaying some pressure on non-yielding gold. SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, said its holdings fell 0.5% to 869.31 metric tons on Wednesday, its lowest since August 2019. The subdued dollar also buoyed other greenback-priced precious metals, with spot silver up 1.1% to $21.19 per ounce, having slipped to its lowest since mid-March this week.

Persons: Yeap Jun Rong Organizations: U.S ., U.S, CPI, Labor, Wednesday, Benchmark, Trust Locations: ., U.S

A calmer tone set in later on Wednesday, with bond yields retreating. In the U.S. Treasury market -- considered the bedrock of the global financial system -- 10-year yields have jumped as much as 20 basis points (bps) to 4.8% this week alone. Bond yields move inversely to prices, and many asset managers who had held bonds expecting prices to rally are now throwing in the towel. Australian and Canadian 10-year bond yields have surged over 20 bps each this week , , and British 30-year government bond yields hit a fresh 25-year high above 5% on Wednesday . , ,World stocks (.MIWD00000PUS) hit their lowest since April on Wednesday, and the cost of insuring exposure to a basket of European corporate junk bonds hit a five-month high, according to data from S&P Global Market Intelligence.

Persons: Bond, Juan Valenzuela, Artemis, Kevin McCarthy, Jason Lee, Michael Metcalfe, Vikram Aggarwal, that's, Everybody's, you've, Richard McGuire, McGuire, Dhara Ranasinghe, Naomi Rovnick, Alun John, Yoruk Bahceli, Chiara Elisei, Marc Jones, Andy Bruce, Kim Coghill, Toby Chopra Organizations: bund, U.S . Treasury, Federal Reserve, Reuters, ADP, U.S . House, Congress, Hong, REUTERS, Street Global Markets, P Global Market Intelligence, Jupiter, New York Fed, Rabobank, Thomson Locations: Treasuries, British, U.S, Hong Kong, London

In the U.S. Treasury market -- considered the bedrock of the global financial system -- 10-year yields have jumped 20 basis points (bps) to 4.8% this week alone. Bond yields move inversely to prices, and asset managers who had held bonds expecting prices to rally are now throwing in the towel. Australian and Canadian 10-year bond yields have surged over 20 bps each this week , , and British 30-year government bond yields hit a fresh 25-year high above 5% on Wednesday . In a further sign of investor nervousness, the closely-watched MOVE bond volatility index is at a four-month high. (.MOVE)Rise in global yields beyond 10yr average levels Rise in global yields beyond 10yr average levelsRIPPLESGovernment borrowing costs influence everything from mortgage rates for homeowners to loan rates for companies.

Persons: Jason Lee, Bond, Juan Valenzuela, Artemis, Vikram Aggarwal, that's, Everybody's, you've, Richard McGuire, Dhara Ranasinghe, Naomi Rovnick, Alun John, Yoruk Bahceli Chiara Elisei, Andy Bruce, Kim Coghill, Toby Chopra Organizations: Hong, REUTERS, U.S . Treasury, Federal Reserve, Reuters, P Global Market Intelligence, Jupiter, New York Fed, Rabobank, Thomson Locations: Hong Kong, Treasuries, British

Many of the formal speeches delivered before the green stone in the General Assembly could have been performed straight to camera, with few other people in the room (and in 2020, they were). The General Assembly, she said, actually “overshadows what the U.N. does well." In-person relations are as important, if not more so, for non-governmental organizations with stakes in the outcomes, attendees said. Many at the General Assembly, and those observing it closely from afar, declined to discuss the substance of negotiations that may never ultimately come to fruition. But the General Assembly week “provides a critical mass that allows you to do all the things that you would prefer to do in person,” Rathke said.

Persons: Volodomyr Zelenskyy, weren't, ’, Katie Laatikainen, that's, that’s, ”, Kathryn Mengerink, Scott Hamilton, Joe Biden, —, “ We’re, Stéphane Dujarric, António Guterres, we’re, “, ” Laatikainen, Jeff Rathke, ” Rathke, ” Hamilton, Michael Weissenstein Organizations: UNITED NATIONS, General, Council, Adelphi University, Assembly, General Assembly, Waitt, State Department, United Nations Security, United Nations, “ Technology, - German Institute, Johns Hopkins University, Associated Press Locations: East, Jolla , California, midtown Manhattan, Cuba, China, France, Russia, United Kingdom, Europe, New York, Britain, Mexico

☆ African climate summit seeks to shift focus to finance from floods, famine
▼ + stars: | 2023-08-31 | by ( Duncan Miriri | ) www.reuters.com time to read: +5 min

A report last year by the non-profit Climate Policy Initiative found Africa has received only 12% of the finance it needs to cope with climate impacts. The thousands of delegates are expected to debate solutions ahead of a U.N. climate summit next month in New York in September and the COP28 U.N. summit in the United Arab Emirates from the end of November. The summit's organisers also say they expect deals worth hundreds of millions of dollars to be concluded in Nairobi. In June, it hosted an auction where companies from Saudi Arabia bought more than 2.2 million tonnes of carbon credits. One project generating carbon credits in Kenya is BURN Manufacturing's production of clean cooking stoves to replace heavily polluting wood and charcoal-based fires.

Persons: Finbarr O'Reilly, Soipan Tuya, Amos Wemanya, Chris McKinney, Joseph Ng'ang'a, Duncan Miriri, Christophe Van Der, Aaron Ross, Barbara Lewis Organizations: REUTERS, Rights, Initiative, Kenyan Environment, United, United Arab Emirates, Kenya, Africa Carbon Markets, Thomson Locations: Haute Uele, Congo, Rights NAIROBI, Africa, Nairobi, New York, United Arab, Gabon, Saudi Arabia, Kenya, Egypt

☆ A young Elon Musk once sweet-talked a random mall salesman into giving him a Dungeons & Dragons module for free and we think we know which one it is
▼ + stars: | 2023-08-23 | by ( Chris Kaye | ) www.businessinsider.com time to read: +6 min

A Ronan Farrow story in the New Yorker highlights an adventure of teenage Elon Musk. Musk and a friend made an unsupervised trip to a mall to obtain a Dungeons & Dragons adventure. While the story doesn't mention which classic '80s module Musk was after, we have a guess. AdvertisementAdvertisementTeenage Elon Musk took a joyride in a boosted car and skipped out of a South African mall with a possibly purloined Dungeons & Dragons module. AdvertisementAdvertisementOnce at the mall, the pair discovered they didn't have enough money to pay for the module.

Persons: Ronan Farrow, Elon Musk, Farrow, Theo Taoushiani, Taoushiani's, Elon, Taoushiani, Musk, he's, Jon Peterson, —, ToEE, Gary Gygax, Peterson, Gygax, Trey Parker Organizations: Yorker, SpaceX, New Yorker, TSR, AAA, Wizards Locations: Johannesburg, South Africa

☆ AI startups have raised almost $29 billion this year. Researchers say a lot more needs to go to companies working to prevent it from becoming an existential threat.
▼ + stars: | 2023-07-18 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +7 min

While investors have poured billions into AI startups, concern about AI's capabilities has grown. People don't all have the same value systems, so AI alignment can look different depending on where the AI is operated and deployed. Investors poured $29 billion into AI startups in the first six months of 2023. Aligned AI. The drive to fund AI safetyAI researchers are also vigilant about where the funds for AI safety and alignment come from.

Persons: ChatGPT, Stuart Armstrong, Rebecca Gorman, —, Gorman, OpenAI's Sam Altman, Demis Hassabis, Bill Gates, Connor Leahy, Leahy, it's, Sam Bankman, Ian Hogarth, Hogarth Organizations: Oxford University, Investors, Alameda Research, FTX Locations: London

☆ Opinion: Trump’s enthusiasm for bringing back Michael Flynn is a revealing sign
▼ + stars: | 2023-07-06 | by ( Opinion Peter Bergen | Erik German | ) edition.cnn.com time to read: +9 min

Which raises the question: Who would Trump bring back into his orbit should there be a second Trump term? Flynn was handsomely repaid by Trump when he won the 2016 presidential election, gaining the critical position of national security adviser. That is, they agree or strongly agree with statements such as “the federal government should declare the US a ‘Christian nation….’”The “ReAwaken America Tour”The ReAwaken America crowd looks to be a highly energized vanguard within this population. For an Audible podcast that we produced about Flynn and his role in ReAwaken America, Clark told us he considers Flynn “to be kind of like a father figure to [him],” and he hopes that Flynn will be Trump’s vice-presidential candidate. On tour, Flynn is dubbed, without irony, “America’s general,” and, at the event we attended in May, America’s general was the unquestionable star of the show.

Persons: Peter Bergen, Peter Bergen ”, Erik German, “, Donald Trump, can’t, Trump, Michael Flynn, Flynn, We’re, Flynn wouldn’t, Mike Pence, Joe Biden, ”, Andrew Whitehead, Samuel Perry, Paul Djupe, Jacob Dennen, Donald, ’, Clay Clark, Clark, Flynn “, America’s, …, Klaus Schwab, Schwab, I’m, ” Flynn, he’s Organizations: New, Arizona State University, Apple, Spotify, CNN, White House, Trump, Peter Bergen CNN, Trump National Doral Hotel, Republican, FBI, White, Denison University, Economic, America, Twitter, Facebook, Miami Locations: New America, Miami, Afghanistan, Iraq, Russian, America, Oklahoma, ReAwaken America, Davos, Switzerland

☆ El Niño + climate change = heat records
▼ + stars: | 2023-07-05 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +6 min

CNN —Climate change combined with this year’s El Niño set a new world record for worldwide heat on Tuesday – 62.92 degrees Fahrenheit or 17.18 degrees Celsius. The WMO declared the onset of an El Niño Tuesday and warned governments to prepare for more extreme weather events as a result. This will be the first El Niño in seven years. The last very strong El Niño year – 2016 – also saw the previous record for worldwide heat that August. “It is El Niño on top of decades of human emissions of greenhouse gases.”There is no turning back, he said, but humans can likely slow the change.

Persons: Niño, –, It’s, Bill Weir, we’re, ”, ” Weir, John Abraham, Thomas, Weir, ” Abraham, Abraham, “ Organizations: CNN, National Centers, Environmental, World Meteorological Organization, United Nations, WMO, El, CNN International, University of St, Reuters Locations: Switzerland, Americas, Africa, Quebec, Miami, Minnesota, El, ”

☆ Time for world to dust off its post-Putin plans
▼ + stars: | 2023-06-26 | by ( Pierre Briancon | ) www.reuters.com time to read: +3 min

LONDON, June 26 (Reuters Breakingviews) - Whatever happens after Vladimir Putin’s humiliation at the hand of his former protégé Yevgeny Prigozhin, the rest of the world sees the Russian president as wounded. The United States, Europe and China will need to dust off their post-Putin plans. The worst outcome would be a period of long uncertainty with different clans vying for power in Moscow. Confusion about who runs the show in the Kremlin would also send shivers among world governments worried about the fate of Russia’s nuclear weapons. And the balance of power in Russia, where vaguely liberal reformers have remained in charge of the economy, could be destabilised.

Persons: Vladimir Putin’s, Yevgeny Prigozhin, Putin, Prigozhin’s Wagner, Wagner, shivers, Xi Jinping, Alexander Lukashenko, Prighozhin, Sergei Shoigu, Staff Valery Gerasimov, Peter Thal Larsen, Katrina Hamlin Organizations: Reuters, The, Moscow, Kremlin, Russian Defense, Staff, Thomson Locations: Moscow, The United States, Europe, China, Ukraine, Belarus, Russia, Crimea, States, India, Prigozhin’s, Russian, Rostov

☆ Natural evolution: Record Galapagos deal sparks clamour for eco-friendly debt swaps
▼ + stars: | 2023-06-09 | by ( Marc Jones | ) www.reuters.com time to read: +5 min

The growing appetite comes as record numbers of developing world governments face debt pressures due to higher global interest rates. There have been around 140 over the past 35 years, but even including last month's super-sized Galapagos deal they have only involved around $5 billion of debt altogether. The top-level attendees will be urged to do more, not only debt swaps, but also by providing foreign exchange guarantees and automatic debt-payment breaks for countries hit by climate-related disasters. "Seeing something that has a group of countries involved would be amazing," Issa said. Ecuador says it is eyeing another transaction to capitalise on the halo effect from the Galapagos deal.

Persons: Ramzi Issa, Charles Darwin's, Issa, Ilan Goldfajn, Scott Nathan, Nathan, Emmanuel Macron, Mia Mottley, Suisse's Issa, Simon Jessop, Sharon Singleton Organizations: Ecuador, Credit Suisse, Inter, American Development Bank, U.S . International Development Finance Corporation, Reuters Graphics, Thomson Locations: Ecuador, Belize, Barbados, Gabon, Paris, Sri Lanka, Indian, Colombia, Costa Rica, Panama, Kenya, Mozambique, Tanzania, Seychelles

☆ The career rise of Twitter's new CEO Linda Yaccarino, an advertising titan who once tried to convince Elon Musk to stop tweeting after 3 a.m.
▼ + stars: | 2023-05-12 | by ( Grace Kay | ) www.businessinsider.com time to read: +1 min

Yaccarino was also involved with the World Economic Forum — an event Musk has been critical of in the past. Andrew Kelly/Reuters / Zheng Huansong/Xinhua via Getty ImagesYaccarino's LinkedIn profile says she has been the executive chair on WEF's taskforce on the future of work since 2019. Earlier this year, Musk took at dig at the event in Davos and called it "boring af." At the time, he said he was invited to the event but chose to skip it. "WEF is increasingly becoming an unelected world government that the people never asked for and don't want," Musk tweeted in January.

☆ Elon Musk says he's found a new Twitter CEO: 'She will be starting in ~6 weeks!'
▼ + stars: | 2023-05-11 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Elon Musk said on Thursday that he'd found a new CEO for Twitter. Elon Musk said on Thursday that he'd found a new CEO for Twitter. Musk became Twitter CEO, describing himself as "Chief Twit," last year after he bought the company and fired CEO Parag Agrawal within hours of taking the social-media company private. Since Musk took over as Twitter CEO in November, some Tesla shareholders have expressed concern over his focus on the social-media company as Musk has taken to sleeping at its headquarters. Musk has said from the beginning that he had planned for his stint as Twitter's CEO to be temporary.

☆ He's played chess with Peter Thiel, sparred with Elon Musk and once, supposedly, stopped a plane crash: Inside Sam Altman's world, where truth is stranger than fiction
▼ + stars: | 2023-04-27 | by ( Melia Russell | Julia Black | ) www.businessinsider.com time to read: +41 min

But, "you do at some point need to start having contact with reality," he told Insider. The plan was still only a rough sketch, Blania told Insider, but that didn't seem to matter to his host. "He always wanted to understand everything at a very deep level," Thrun told Insider in an email. (When asked about guns, Altman told Insider he'd been "happy to have one both times my home was broken into while I was there.") When asked about this, Altman told Insider in an email: "i can guess what that's about; these stories grow crazily inflated over the years of getting re-told!

☆ Sam Altman is building his utopia, whether you want it or not
▼ + stars: | 2023-04-27 | by ( Melia Russell | Julia Black | ) www.businessinsider.com time to read: +41 min

Altman told Insider, "We debate our approach frequently and carefully." "I don't think anyone can lose your dad young and wish he didn't have more time with him," Altman told Insider. Altman told Insider that his thinking had evolved since those posts. (When asked about guns, Altman told Insider he'd been "happy to have one both times my home was broken into while I was there.") When asked about this, Altman told Insider in an email: "i can guess what that's about; these stories grow crazily inflated over the years of getting re-told!

☆ Europe approves its $47 billion answer to Biden's CHIPS Act — here's everything that's in it
▼ + stars: | 2023-04-19 | by ( Ryan Browne | ) www.cnbc.com time to read: +5 min

The initiative, dubbed the European Chips Act, seeks to help the bloc compete with the U.S. and Asia on tech, and secure control over a critical bit of technology behind the world's electronics products and devices. What's in the Chips Act? The European Chips Act is a massive, 43-billion-euro ($47 billion) package of public and private investments that aims to secure its supply chains, avert shortages of semiconductors in the future, and promote investment into the industry. The Chips Act has three main aims: Building large-scale capacity and innovation. "The Chips act puts Europe in the first line of cutting-edge technologies which are essential for our green and digital transitions."

CNN —Nearly two-and-a-half years after the Trump administration threatened to ban TikTok in the United States if it didn’t divest from its Chinese owners, the Biden administration is now doing the same. The new directive comes from the multiagency Committee on Foreign Investment in the United States (CFIUS), following years of negotiations between TikTok and the government body. “If protecting national security is the objective, divestment doesn’t solve the problem,” TikTok spokesperson Maureen Shanahan said in a statement. TikTok is really only a national security risk insofar as the Chinese government may have leverage over TikTok or its parent company. China has national security laws that require companies under its jurisdiction to cooperate with a broad range of security activities.

☆ Governments' energy-related support to hit $1.65 trillion by year end - S&P Global
▼ + stars: | 2023-03-09 | by ( Marc Jones | ) www.reuters.com time to read: +2 min

LONDON, March 9 (Reuters) - The amount of money spent by governments subsidising energy costs since Russia's invasion of Ukraine is set to reach $1.65 trillion by the end of the year, credit ratings agency S&P Global has estimated. The firm calculated the total soared to $10 trillion once COVID pandemic spending was added on and that this year would see the overall stock of global sovereign debt reach a record $65 trillion in absolute terms. S&P based the figures on the 137 countries that it provides credit scores for. It forecast those countries would borrow the equivalent of $10.5 trillion this year, below the record $11.5 trillion set in 2021, but 40% higher than the pre-pandemic average. Global government debtReporting by Marc Jones; Editing by Amanda Cooper and Alison WilliamsOur Standards: The Thomson Reuters Trust Principles.

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