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☆ Renewables growth did not dent fossil fuel dominance in 2022, report says
▼ + stars: | 2023-06-25 | by ( ) www.reuters.com time to read: +5 min

Energy consumption grew everywhere apart from Europe, including Eastern Europe. Renewables, excluding hydropower, accounted for 7.5% of global energy consumption, around 1% higher than the previous year. The share of fossil fuels in global energy consumption remained at 82%. Most oil demand growth came from revived appetite for jet fuel and diesel-related products. Europe accounted for much of LNG demand growth, increasing its imports by 57%, while countries in the Asia-Pacific region and South and Central America reduced purchases.

Persons: Juliet Davenport, consultancies, Shadia, Philippa Fletcher Organizations: Belchatow, REUTERS, Stezycki Companies, World Energy, Energy, Energy Institute, consultancies KPMG, Kearny, BP, Renewables, OECD, Central America, Thomson Locations: Zlobnica, Poland, Ukraine, Europe, Asia, Paris, Eastern Europe, United States, Nigeria, North America, Pacific, South, Central, Japan, China, India, Indonesia

☆ Meet an Australian millennial with $7,000 in student debt who says paying off the balance 'is not my priority at this point' — but it could soon start growing at a faster rate
▼ + stars: | 2023-06-25 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +7 min

Olivia Fitzpatrick, 29, has $7,000 in student debt in Australia, but she's not too worried about it. Olivia Fitzpatrick, 29, has just over 10,000 Australian dollars, or about $6,790, in student debt — and even as a financial educator on social media, it's not a concern for her. If I started earning significantly more over the next year, I would consider paying off the debt just for the feeling of having no student debt and also more cash flow from working." She said she doesn't have any regrets about taking on student loans because it was a "great return on investment" for her. This is a dilemma American student-loan borrowers are all too familiar with.

Persons: Olivia Fitzpatrick, she's, —, hasn't, it's, Fitzpatrick, Joe Biden's, Mehreen Organizations: Service, Higher, Higher Education Loan Program, Guardian, Greens Locations: Australia, Melbourne, America, New South Wales

☆ Greek PM Kyriakos Mitsotakis wins repeat election, securing clear parliamentary majority
▼ + stars: | 2023-06-25 | by ( Elinda Labropoulou | ) edition.cnn.com time to read: +7 min

CNN —Kyriakos Mitsotakis, leader of Greece’s center-right New Democracy party, has won a second four-year term as prime minister. During his election campaign, Mitsotakis vowed to further extend a 35-kilometer fence at the Greek-Turkey border, to block migrants trying to enter Greece. Fueled by May’s initial election results, Greek bonds and stocks have rallied with optimism that a pro-investment government could prevent financial backsliding. Other fringe far-right entries to the race included the nationalist party Greek Solution and the ultra-religious, anti-abortion Niki. “But despite the populist cacophony, Mitsotakis’ strong victory provides the new government a clear mandate to govern.”

Persons: Kyriakos Mitsotakis, Mitsotakis, ”, “, Syriza, “ Mitsotakis, Nick Malkoutzis, ” Mitsotakis, Alexis Tsipras –, –, Tsipras, Wolfgango Piccoli, Vassiliki Georgiadou, Ilias Kasidiaris, Niki Organizations: CNN, Democracy, New Democracy, PASOK, KKE, Panteion University, Spartans, Nazi, Freedom Locations: Greece, Pylos, Turkey, Europe, New, Athens, Golden

☆ Gay male couples face more challenges, higher costs to start a family
▼ + stars: | 2023-06-23 | by ( Courtney Reagan | ) www.cnbc.com time to read: +9 min

watch nowWhy gay male couples face higher costsAlon Rivel, left, with his family. Gay male couples typically face a more expensive journey, as surrogacy or adoption are their primary choices. Employer fertility benefits offer limited helpMore employers are starting to offer fertility benefits, often through a specialized fertility benefits manager like Kindbody, Carrot, Progyny or Maven. But while more companies are offering fertility benefits, many of these packages are limited when it comes to covering what's needed to build families with non-traditional methods. At Rivel's insistence, he asked his human resources department to look into including surrogacy benefits.

Persons: Alon Rivel, Alon Rivel Alon Rivel, Rivel, Betsy Campbell, Maven, Will Porteous, Doug, Walter ., Porteous, Progyny's, Pete Anevski, Tammy Sun, Taryn Branca, they'll, Anevski, it's, Resolve's Campbell, Hanna, Stephen Hanna, Bret Shuford, Maverick Organizations: International Foundation of Employee, Equality, Mercer, Maven, Beam Therapeutics, Child Welfare Locations: Arlington , Massachusetts, U.S, Wynnewood , Pennsylvania, West, Massachusetts

☆ Dollar rises as hawkish central banks dent risk sentiment, sterling slips
▼ + stars: | 2023-06-23 | by ( Rae Wee | ) www.reuters.com time to read: +3 min

While higher rates are typically supportive of currencies, the risk that they will trigger an economic downturn has pushed some investors to seek safe-haven assets like the U.S. dollar. The Turkish lira slid to a record low of 25.589 against the U.S. dollar, after the Turkey's central bank 650 basis points hike to 15% on Thursday missed expectations. In other currencies, the dollar rose broadly and stood near an over seven-month high against the yen at 142.90. The euro slipped 0.04% to $1.0950, while the U.S. dollar rose 0.05% against a basket of six major peers to 102.44. "Most of the Western central banks are now more hawkish than previously projected," said Tina Teng, market analyst at CMC Markets.

Persons: stoked, Sterling, BoE, Nick Bennenbroek, Jerome Powell, Tina Teng, Rae Wee, Sam Holmes Organizations: Federal Reserve, Bank of England, U.S ., Bank of Japan, U.S, Federal, Fed, Swiss National Bank, CMC Markets, New Zealand, Thomson Locations: SINGAPORE, Wells Fargo

☆ Dollar rises as hawkish central banks cast shadow over growth outlook; dent risk sentiment
▼ + stars: | 2023-06-23 | by ( ) www.cnbc.com time to read: +3 min

Rate hike surprises and hawkish comments from central banks globally have renewed market fears that policymakers have further to go in tightening policy to tame inflation, even at the risk of tipping their economies into a recession. Norway's central bank on Thursday also stunned markets with a 50 bp rate hike and said it aimed for another hike in August. "Markets are definitely taken by surprise by the recent, more aggressive actions that some central banks had to take," said Khoon Goh, head of Asia research at ANZ. "Also putting into question the following trend of other central banks that initially looked like they've paused but went on to hike rates ... so that's something that markets are starting to become worried about again." Fed Chair Jerome Powell said on Thursday the central bank would move interest rates at a "careful pace" from here.

Persons: stoked, Sterling, Nick Bennenbroek, Khoon Goh, they've, Jerome Powell Organizations: U.S, Federal Reserve, Bank of England, U.S ., The, New, Swiss National Bank, ANZ, Reserve Bank of Australia, Bank of Canada, Fed Locations: Wells Fargo, New Zealand, Asia

☆ Morning Bid: Another round of rate hikes, macro data on tap
▼ + stars: | 2023-06-22 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +2 min

Asian markets will be waking up to a jolt of central bank rate hikes and looking ahead to a big round of macro data on Friday. The Bank of England surprised many investors on Thursday by raising interest rates by a bigger-than-expected half a percentage point, lifting its main interest rate to 5%, the highest since 2008. England wasn't alone: The Swiss National Bank raised its policy rate and signaled more tightening was likely, while Norway's central bank raised its key policy rate to a 15-year high. In the U.S., Federal Reserve Chair Jerome Powell told a Congressional hearing that the central bank would move interest rates at a "careful pace" from here after pausing hikes at its last meeting. The mood could shift on Friday, as data will give a glimpse into how much central bank tightening is weighing on global growth.

Persons: Lewis Krauskopf, England wasn't, Jerome Powell, Deepa Babington Organizations: Bank of England, Swiss National Bank, Reuters Graphics Reuters, Nasdaq, U.S, Global, Japan CPI, Singapore CPI, Reuters, Thomson Locations: Lewis, U.S, England, Europe, United States, Japan, Malaysia, Singapore

Fed Governor Christopher Waller warned on Friday "core inflation is not coming down like I thought it would." Richmond Fed President Thomas Barkin said he was "comfortable" with further rate increases given that inflation was still not on the path back to 2%. Markets now await comments from more Fed officials including Fed Vice Chair Michael Barr later in the day, and Fed Chair Jerome Powell's semiannual monetary policy testimony to the U.S. House Financial Affairs Committee on Wednesday. Adding to the dour mood, China cut its benchmark lending rates by a smaller-than-expected 10 basis points. U.S.-listed shares of Chinese companies including Alibaba Group , JD.com and PDD Holdings (PDD.O) fell between 1% and 6% in premarket trading.

Persons: Eli Lilly, Christopher Waller, Thomas Barkin, CMEGroup's, Waller, Barkin, Michael Barr, Jerome Powell's, Powell, Hogan, Daniel Zhang, Shristi Achar, Shubham Batra, Johann M, Vinay Dwivedi Organizations: Therapeutics, Dow, Nasdaq, Federal Reserve, Richmond Fed, Traders, Microsoft, U.S . House Financial, Housing, Capitol, Riley, Fed, Alibaba, PDD Holdings, Dow e, Adobe Inc, Ford, General Motors, Tesla Inc, Dice Therapeutics, Thomson Locations: China, U.S, Bengaluru

☆ Opinion | Take Bobby Kennedy Jr. Seriously, Not Literally
▼ + stars: | 2023-06-20 | by ( Bret Stephens | ) www.nytimes.com time to read: +2 min

Liberals have come to like Biden more during his presidency, whereas they came to like Johnson a lot less. McCarthy was a serious man who had held a high office for nearly 20 years when he challenged Johnson. Now that he’s running, the safe call seems to be to rally behind him, lest a challenger help sink his chances. That’s what another Kennedy, Teddy, helped do to another Democratic incumbent, Jimmy Carter, in 1980. Sixty-six percent of registered voters think Biden is too old to be president and 59 percent have doubts about his mental fitness, according to a Harvard CAPS-Harris poll conducted last week.

Persons: aren’t, Biden, Johnson, McCarthy, Kennedy’s, Donald Trump, Nixon, Kennedy, Teddy, Jimmy Carter, he’s, Kamala Harris, Harris, Trump Organizations: Democratic, Trump, Harvard

State and local officials have touted the settlements as providing desperately needed relief to communities hit hard by the crisis. But when the money will be paid out, and who will get it, remains far from clear, Reuters has found. Among the states where money is already reaching organizations on the ground are Massachusetts, Kentucky and Arizona. Most states share a significant portion of their total settlement funds with their city and county governments, which make their own independent decisions about how to spend. But in May, the board overseeing the state’s opioid settlement denied a joint application by Challenges and a county health department to fund harm reduction efforts, without explaining its decision.

Persons: Johnson, ”, Brandon Marshall, Julie Burns, Chris Bryan, Glenn Hegar, Lisa Ruzicka, “, Ruzicka, “ I’ve, drugmakers Johnson, Lauren Kestner, Tricia Christensen, –, we’re, ” Marc Burrows, Brendan Pierson, Disha, Alexia Garamfalvi, Claudia Parsons Organizations: Johnson, U.S . Centers for Disease Control, Reuters, District of Columbia, Reuters Graphics Reuters Graphics Reuters, Brown University School of Public Health, Rhode, Texas, Hope Foundation, Walgreens, Alliance, state’s Department of Health, Human Services, Prevention Services, Community Education Group, Alabama Attorney, University of Mississippi Medical, Inc, Thomson, & $ Locations: Massachusetts, Texas, United States, Maryland, Illinois, . Arkansas, Kentucky, Arizona, Rhode, RIZE Massachusetts, RIZE, Kansas, North Carolina, Charlotte, Appalachia, Mississippi, Alabama, New York

☆ Yen falls after BOJ stands pat; hawkish ECB and soft US data dent dollar
▼ + stars: | 2023-06-16 | by ( Rae Wee | ) www.reuters.com time to read: +3 min

The decision by the BOJ to keep its short-term interest rate target at -0.1% and its 10-year bond yield around 0% was widely expected. Even so, it was enough to pressure the yen further with the Japanese currency falling about 0.3% against the dollar to 140.72 . That and a run of soft U.S. economic data saw the dollar fall broadly as traders scaled back their bets on how high U.S. interest rates would need to rise. The euro stood near a one-month high at $1.0937, having surged over 1% on Thursday following the rate hike and hawkish forward guidance from the ECB. Production at U.S. factories almost stalled in May as manufacturing struggled under the weight of higher interest rates, while U.S. import prices similarly fell last month.

Persons: Christine Lagarde, Sterling, Rae Wee, Edwina Gibbs Organizations: Bank of Japan, European Central Bank, ECB, Deutsche Bank, Bank of England, U.S . Federal Reserve, Fed, Labor Department, Thomson Locations: SINGAPORE, Asia, United States

☆ Canada just seized one of Russia's dwindling supply of massive heavy-lift cargo planes
▼ + stars: | 2023-06-16 | by ( Michael Peck | ) www.businessinsider.com time to read: +5 min

The aircraft was an Antonov An-124, one of the biggest transport aircraft in the world. It was one of the few heavy-lift transport aircraft that Russia's military still has in operation. This month, Canada confiscated an Antonov An-124, one of the biggest transport aircraft in the world. Soon afterward, Canada closed its airspace to Russian aircraft in response to Moscow's attack on Ukraine on February 24. A Volga Dnepr Airlines Antonov An-124 grounded at Canada's Pearson International Airport in May 2022.

Persons: Antonov, —, Canada's, Steve Russell, Putin's, Ruslan Kaniuka, Jan Woitas, Antonov —, Michael Peck Organizations: Service, Pearson Airport, Volga Dnepr, Volga Dnepr Airlines Antonov, Canada's Pearson International Airport, Toronto Star, Getty, Wall Street, Dnepr Airlines LLC, Dnepr Group, Canada, Crown, Government, Kyiv, Antonov, Publishing, Soviet, Royal United Services Institute, International Institute for Strategic Studies, Russian Air Force, NASA, SpaceX, NATO, Soviets, Defense, Foreign Policy, Twitter, LinkedIn Locations: Canada, Russian, Toronto, Ukraine, Volga Dnepr Airlines, Volga, Hostomel, Soviet, British, Russia, Afghanistan, Iraq, Ukrainian, Crimea, Forbes

☆ US government hit in global cyberattack
▼ + stars: | 2023-06-15 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +3 min

CNN —“Several” US federal government agencies have been hit in a global cyberattack that exploits a vulnerability in widely used software. A CISA spokesperson had no comment when CNN asked who carried out the hack of federal agencies and how many have been affected. But the news adds to a growing tally of victims of a sprawling hacking campaign that began two weeks ago and has hit major US universities and state governments. As of Thursday morning, the dark website did not list any US federal agencies. Progress, the US firm that owns the MOVEit software, has also urged victims to update their software packages and has issued security advice.

Persons: Eric Goldstein, cybersecurity, “, – Organizations: CNN, Infrastructure Security Agency, Johns Hopkins University, University of Georgia, –, BBC, British Airways Locations: Russian, Baltimore, Georgia’s, Minnesota, Illinois

[1/2] A view of the Goldman Sachs global headquarters in Manhattan, New York, U.S., November 15, 2021. The latest round of penny-pinching comes as Goldman Sachs management grew more pessimistic about an economic recovery and dealmaking this year. Goldman Sachs investment banking revenue is down 52% in that same period, the Dealogic data showed. Goldman Sachs trades at 0.97 times its book value, lagging rivals Morgan Stanley and JPMorgan Chase & Co (JPM.N) which trade at 1.45 times and 1.33 times, respectively, according to Refintiv data. Reuters GraphicsThe headcount reductions and cost cutting do not solve Goldman's fundamental challenges: its reliance on investment banking and trading.

Persons: Goldman Sachs, Andrew Kelly NEW, Goldman, David Solomon, John Waldron, Morgan Stanley, pare, Brennan Hawken, Waldron, Saeed Azhar, Lananh Nguyen, Tatiana Bautzer, Andrea Januta, Anna Driver Organizations: REUTERS, Andrew Kelly NEW YORK, Goldman Sachs, Investment, Lazard Ltd, Citigroup Inc, JPMorgan Chase &, Reuters, Thomson Locations: Manhattan , New York, U.S, New York, Bengaluru

If you're looking for options to help you get out of debt and make repayment easier, debt consolidation may be right for you. Debt consolidation takes a group of different debts you owe and turns them into one monthly payment. See the current debt consolidation interest rates >>With debt consolidation, you take out a new loan to pay off debts you owe on multiple different accounts. Personal loansA personal loan is a flexible loan option that can be used for various personal reasons, including debt consolidation. See Insider's guide to the best debt consolidation loans >>Compare Personal Loan RatesBalance transfer credit cardsAnother option for debt consolidation if you have credit card debt is a balance transfer.

Persons: — Organizations: Service, Chase Slate

☆ Homebuyers on a budget should look for a house in these 15 smaller markets where the average down payment for a starter home is $50,000 or less
▼ + stars: | 2023-06-13 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

Affordable starter homes that were once ubiquitous can now be rare finds. Here are 15 towns where the average down payment on a starter home is $50,000 or less. The firm found that the share of starter homes built has fallen from about 70% in the 1940s to just 7% in the early 2020s. Unlike in previous decades, homebuyers can't count on finding affordable starter homes in so-called "secondary" cities that neighbor larger metropolitan areas. 15 towns with relatively affordable homesThough prospects for first-time homebuyers seem grim, it's worth noting that starter homes in smaller secondary cities haven't been completely picked over yet.

Persons: it's, they're, It's, Alexandra Ciuntu, Point2, homebuyers, Ciuntu, unaffordability Organizations: Boomers Locations: Point2

☆ Russia's Lancet drone is hampering Ukraine's counteroffensive, smashing Western gear and exposing poor air defenses
▼ + stars: | 2023-06-13 | by ( Kieran Corcoran | Mia Jankowicz | ) www.businessinsider.com time to read: +6 min

Footage of destroyed Ukrainian vehicles is spreading, often attributed to the Lancet drone. Russian officials have gleefully shared videos of piled-up wreckage, and often cited as the cause the Russian-made Lancet drone. A still image from a video claiming to show the moment just before Russia's Lancet drones hit a cluster of vehicles. obtf_kaskad/TelegramA still image from a video purporting to show the moment just before Russia's Lancet drones hit a cluster of vehicles. "We should also note that we don't know how many of these new Lancet drones Russia has," he added.

Persons: —, James Patton Rogers, Rogers, Olga Skabeyeva, Vladimir Solovyov, Axel Springer, Patton Rogers, Julian Röpcke, Lancets Organizations: Service, Cornell Tech Policy Institute, University of Southern, Donetsk People's, Russian, IRIS, Air, Ukraine — Locations: Ukraine, Russia, Russian, —, University of Southern Denmark, Donetsk People's Republic, Germany, Ukrainian

☆ Exclusive: Most Republicans see politics behind Trump indictment -Reuters/Ipsos poll
▼ + stars: | 2023-06-12 | by ( Jason Lange | ) www.reuters.com time to read: +3 min

President Joe Biden, a Democrat, has repeatedly said he has no involvement in the case brought by the Department of Justice. Some 62% of respondents in the Reuters/Ipsos poll, including 91% of Democrats and 35% of Republicans, said it was believable that Trump illegally stored classified documents at his home in Florida as alleged by prosecutors. Some 43% of self-identified Republicans said Trump was their preferred candidate, compared to 22% who picked Florida Governor Ron DeSantis, Trump's closest rival. In early May, Trump led DeSantis 49% to 19%, but that was before DeSantis formally entered the race. A Reuters/Ipsos poll in March found that Republicans also saw that investigation as politically motivated.

Persons: Donald Trump, Trump, Joe Biden, Ron DeSantis, DeSantis, Mike Pence, Jason Lange, Andy Sullivan, Ross Colvin, Howard Goller Organizations: Reuters, Republican, U.S, Democrat, Department of Justice, Trump, Florida, DeSantis, U.S . Justice, Biden's, Republicans, Thomson Locations: Florida, Trump's, Miami, New York

☆ Exclusive: Trump holds double-digit lead after federal indictment - Reuters/Ipsos poll
▼ + stars: | 2023-06-12 | by ( Jason Lange | ) www.reuters.com time to read: +3 min

The specific charges, including obstruction of justice, became public on Friday afternoon when the indictment was unsealed. Some 43% of self-identified Republicans said Trump was their preferred candidate, compared to 22% who picked Florida Governor Ron DeSantis. In early May, Trump led DeSantis 49% to 19%, but that was before DeSantis formally entered the race. Trump flew to Miami on Monday to face federal charges of unlawfully keeping U.S. national-security documents and lying to officials who tried to recover them. In the Reuters/Ipsos poll, just 20% of Republicans thought Biden and Trump were both being treated fairly, compared to 77% of Democrats.

Persons: Donald Trump, Trump, Ron DeSantis, DeSantis, Mike Pence, Joe Biden's, Biden, Jason Lange, Andy Sullivan, Howard Goller Organizations: Reuters, Republican, Trump, Republicans, Florida, DeSantis, Democrat, Thomson Locations: Florida, Miami, Joe Biden's Delaware

[1/2] Former U.S. President and Republican presidential candidate Donald Trump speaks at the Georgia Republican Party convention in Columbus, Georgia, U.S. June 10, 2023. Trump is scheduled to be in a Miami federal courthouse on Tuesday at 3 p.m. EDT (1900 GMT) for an initial appearance in the case. With memories fresh of the Jan. 6, 2021, assault by Trump supporters on the U.S. Capitol, officials have raised security concerns. The indictment alleges Trump lied to officials who tried to get them back. Trump accuses Democratic President Joe Biden of orchestrating the federal case to undermine his campaign.

Persons: Donald Trump, Megan Varner, Trump, TRUMP, Miami Mayor Francis Suarez, Jack Smith, William Barr, Joe Biden, Biden, Smith, Doina Chiacu, Jacqueline Thomsen, Andy Sullivan, Noeleen Walder, Howard Goller Organizations: U.S, Republican, Georgia Republican Party, REUTERS, Bedminster, Social, U.S . Capitol, Miami Mayor, White, Democratic, Department, Thomson Locations: Columbus , Georgia, U.S, Miami, New Jersey, Newark, Georgia, Lago Florida, Florida, New York

☆ Nio cuts prices for its cars — and delays business expansion plans
▼ + stars: | 2023-06-12 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Tesla and other electric car companies in China had cut prices earlier this year in a bid to attract buyers. The analysts cut their rating on Nio shares to hold, from buy. Looking ahead, Nio said that it aimed to deliver at least 20,000 cars a month in the second half of the year. watch nowNomura analysts said they expected the car company can improve its deliveries with new models, like the ES6 SUV and ET5 touring sedan. Nio's cash and cash equivalents fell below $1 billion at the end of 2019.

Persons: William Li, Hector Retamal, Nio, William Li's, Tesla, Li, Nomura, Mizuho Organizations: HK, Afp, Getty, China Merchants Bank International, Monday, Nomura, State Council, EV, Mizuho Securities Locations: Shanghai, BEIJING, China, EU

The delay in shipments from India could support global sugar prices , trading near multi-year highs. Last year, despite good monsoon rains, sugar production fell. At the start of the current sugar season to Sept. 30, 2023, the industry pegged this year's output at 36 million tonnes, which has been scaled down to 32.8 million tonnes. Due to the lower output, India allowed exports of 6.1 million tonnes for this season. The country exported more than 11 million tonnes in 2021/2022, an all-time high.

Persons: El, there's, Rajendra Jadhav, Mayank Bhardwaj, Jacqueline Wong Organizations: El, El Nino, Thomson Locations: MUMBAI, DELHI, India, New Delhi, Mumbai

Overall U.S. beer sales grew 1.8% in the 12 weeks ended May 20, according to data from research firms NielsenIQ and TD Cowen. Sam Adams maker Boston Beer, the largest craft beer maker, saw its market share slip last year. Bud Light and Coors Light, popular premium light beers, average about $7.40 for a 12-ounce six-pack, while Boston Beer's Sam Adams costs between $10 to $12. "The American consumer likes light beer," Molson Coors CEO Gavin Hattersley said at a conference in early June. "I think dynamics within the subsegment might change, but the overall consumption of light beer is not going to change materially."

Persons: Beer, Neil Reid, TD Cowen, Vivien Azer, Sam Adams, Boston Beer, Bud Light, Jon Reynolds, Reid, influencer Dylan Mulvaney, Michel Doukeris, Gavin Hattersley, Ananya Mariam Rajesh, Anil D'Silva Organizations: Anheuser, Busch InBev, Molson Coors Beverage, University of Toledo, Refinitiv, Molson Coors, InBev, Boston Beer Co, Reuters Graphics, Boston, Constellation Brands, Modelo, Reuters, Brewery, Miller, University of Vermont . Giants, AB InBev, Thomson Locations: United States, NielsenIQ, Corona, American, Bengaluru

☆ Manchester City dance in the rain to celebrate treble
▼ + stars: | 2023-06-12 | by ( ) www.reuters.com time to read: +2 min

[1/5] Soccer Football - Manchester City Victory Parade - Manchester, Britain - June 12, 2023 Manchester City's John Stones is pictured holding the Champions League trophy alongside Erling Braut Haaland and teammates during the parade REUTERS/Phil NobleJune 12 (Reuters) - Even a thunderstorm could not dent Manchester City's rousing victory parade on Monday as the players and manager Pep Guardiola celebrated completing the long-awaited treble after winning the Champions League trophy over the weekend. The blue side of Manchester were all euphoric as the team and fans also celebrated becoming only the second English club to win the treble, equalling the 1999 milestone of their fierce rivals Manchester United. "What a parade, what an afternoon, it had to be the best parade with this rain, otherwise is not Manchester. We don't want sunshine," said Premier League manager of the year Guardiola in front of thousands of fans. As the players left the stage, the celebrations seemed far from over for the City fans who were ready to party on long into the night.

Persons: John Stones, Erling Braut Haaland, Phil Noble, Pep Guardiola, Guardiola, Kyle Walker, Kevin De Bruyne, Ilkay Gundogan, I've, Kalvin Phillips, Janina Nuno Rios Organizations: Soccer Football, Manchester, Victory, Champions League, League, City, FA Cup, Premier League, Inter Milan, European, Manchester United, United, Thomson Locations: Manchester, Britain, Mexico City

☆ The recycling idea at Levi's, Adidas, Zara to stop trillions in fast fashion from going to waste
▼ + stars: | 2023-06-11 | by ( Carolyn Chun | ) www.cnbc.com time to read: +8 min

The multi-trillion dollar fashion industry contributes significant greenhouse gas emissions, between 8% to 10% of total global emissions, according to the United Nations. With the majority of textiles in the fashion industry blended, it is harder to recycle one fiber without harming another. Spinnova partnered with the world's largest pulp and paper company this year, Suzano, to turn wood and waste into recycled textile fiber. Textile waste, by some measures, is a bigger issue than plastics waste, and it has a similar problem. Late last year it worked on a limited collection with fast fashion clothing giant — and consumer consumption flashpoint — Zara, using its recycled textile waste material.

Persons: LEVI, Alexander Donka, Paul Dillinger, Levi Strauss, Spinnova, Chloe Songer, Songer, Victor J, Levi's Levi Strauss, Dillinger, You've, we're, —, Stacy Flynn, Flynn, Levi's, Stella McCartney, — Zara Organizations: McKinsey, United Nations, McKinsey Sustainability, Co, Shoppers, Blue, Bloomberg, Getty, Adidas, CNBC Locations: Sweden, Africa, Zara, New York

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