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☆ A centuries-old Japanese ceramics maker has found itself at the center of the AI revolution
▼ + stars: | 2024-04-27 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +2 min

Ceramics maker Maruwa is helping cool data centers amid the AI boom. Maruwa's 200-year history in ceramics contributes to its competitive edge. AdvertisementThe AI boom is driving a surge in data center construction that's sucking up tons of energy. By 2030, data centers are expected to consume 35 gigawatts of power annually, up from 17 gigawatts in 2022, according to McKinsey & Company. Related storiesThis is welcome news to perhaps no one more than a centuries-old Japanese ceramics maker that got its start making dinnerware.

Persons: —, Goldman Sachs, Mitsuhiro Icho Organizations: Maruwa, Service, McKinsey & Company, CNET, McKinsey, Financial Times

☆ Ryōyū Kobayashi flies 291 meters through the air in landmark ski jump, but his effort wasn’t ‘in line with FIS regulations’
▼ + stars: | 2024-04-25 | by ( Amy Woodyatt | ) edition.cnn.com time to read: +3 min

CNN —Ryōyū Kobayashi might have bettered the world ski jump record by nearly 40 meters on Wednesday, but the International Ski and Snowboard Federation (FIS) says it won’t recognize the Japanese jumper’s landmark effort as it didn’t meet the governing body’s competition conditions. Kobayashi flew through the air for around 10 seconds before delivering a smooth landing on Wednesday, video shows. “A ski flying competition must be based on a FIS-certified distance measuring system and take place on a ski flying hill homologated by FIS in order to stand up to comparison with other flights and be eligible for an official ski flying record,’ added the FIS. Austrian Stefan Kraft holds the FIS record for the longest competitive ski jump for a male after landing a 253.5m (831 ft 8.31 in) jump in Vikersund, Norway, in 2017. Even if I’m worried, I’ve no choice.”Kobayashi, aiming to jump some 984 ft (300 meters) still has his sights set on that landmark.

Persons: Ryōyū Kobayashi, Red Bull, Kobayashi, Bull, Kobayashi’s, ’, “, Austrian Stefan Kraft, ”, I’m, I’ve, ” Kobayashi Organizations: CNN, Snowboard Federation, FIS, “, Red Locations: Akureyri, Iceland, Austrian, Vikersund, Norway

☆ 'Americans just work harder' than Europeans, said the CEO of Norway's $1.6 trillion oil fund
▼ + stars: | 2024-04-25 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

The CEO of Norges Bank told the FT that he thinks Americans work much harder than Europeans. AdvertisementEuropeans are less ambitious and don't work as hard as Americans, said Nicolai Tangen, the CEO of Norway's $1.6 trillion oil fund. In Europe, you're dead," Tangen told The Financial Times in an interview published on Wednesday. "I should be careful about talking about work-life balance, but the Americans just work harder." It's true that Americans, on average, work longer hours than their European counterparts, according to data collected from 2019 to 2022 by the Organisation for Economic Co-operation and Development.

Persons: Nicolai Tangen, —, Tangen, That's, they've Organizations: Norges Bank, Service, Financial Times, Norges, Apple . Norges Bank, Organisation for Economic Co, Development, European Union, OECD Locations: America, Europe, European

☆ The man who audited Trump's social media company misspelled his own name in 14 different ways: FT
▼ + stars: | 2024-04-25 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Read previewThe accountant hired to audit former President Donald Trump's social media company seemed to have a lot of trouble spelling his name, the Financial Times reported on Wednesday. But others, like Blake F Borgers and Ben F Vonesh, were entirely different names. Representatives for BF Borgers and Trump Media & Technology Group did not immediately respond to a request for comment from BI sent outside regular business hours. In November, Borgers' firm was also removed from the American Institute of Certified Public Accountants' peer review program. Trump Media shares had initially soared when it went public, only to crash by nearly 40% in a matter of weeks.

Persons: —, Donald Trump's, Ben F Borgers, Ben F Brogers, Ben F orgers, Blake F Borgers, Ben F Vonesh, Borgers, Brown, WithumSmith, Trump, Forbes, Jean Carroll, he's, Stormy Daniels Organizations: Service, Financial Times, Public Company, Business, BF Borgers, Trump Media & Technology Group, BI, Bloomberg, American Institute of Certified Public Accountants, Trump, Trump Media, New Locations: New York, Manhattan, Mar

☆ Saudi Arabia's oil giant boss speaks up for China, saying its massive production of solar panels and EVs helps affordability
▼ + stars: | 2024-04-23 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

Saudi Aramco CEO Amin Nasser praised China for making solar panels and electric vehicles affordable. Saudi Arabia is fostering closer ties with China and wooing Chinese investments and business partnerships. Unlike the West, Saudi Arabia is cozying up to China. "There are lots of opportunities for China to invest in Saudi Arabia," Alibrahim told the media outlet. In March last year, China brokered a détente between Saudi Arabia and Iran, prompting concerns over waning US influence in the Middle East.

Persons: Amin Nasser, Nasser, China's overcapacity, Janet Yellen, Olaf Scholz, China Nasser's, Faisal Alibrahim, Alibrahim, Jon Alterman Organizations: Saudi, Service, Saudi Aramco, World Energy, Financial Times, West, Nikkei, Aramco, Center for Strategic, International Studies, China Economic, Security Locations: China, Saudi Arabia, Saudi Aramco, Saudi, Rotterdam, East Asia, Beijing, Saudi Arabian, Iran, United States

☆ New York Stock Exchange mulls 24-hour trading — a move Steve Cohen may welcome
▼ + stars: | 2024-04-22 | by ( George Glover | ) www.businessinsider.com time to read: +1 min

The New York Stock Exchange is considering going 24/7, the FT reported. The exchange polled market participants about the merits of round-the-clock trading, per the outlet. Meanwhile, a Steve Cohen-backed startup is seeking SEC approval for a 24-hour exchange. AdvertisementIn a move that may be appropriate for the city that doesn't sleep, as the song goes, the New York Stock Exchange is mulling whether trading should take place around the clock. The Financial Times reported on Monday that the NYSE's data analytics team had polled market participants about the merits of being open 24 hours a day.

Persons: Steve Cohen, — Organizations: New York Stock Exchange, SEC, Service, Financial Times, Treasury, Business

☆ My 12-day cruise cost me about $109 a day. See inside my 160-square-foot cabin, the most economical option on the ship.
▼ + stars: | 2024-04-22 | by ( Lauren Mack | ) www.businessinsider.com time to read: +1 min

I went on a 12-day Holland America Line cruise and paid a little over $1,300 for my interior cabin. I'd book this room again — my cruise was so fun and busy that I barely spent time in it anyway. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. I definitely had value in mind when I booked my recent 12-day cruise on the Holland America Line Rotterdam from Ft. Lauderdale, Florida, to the Panama Canal. I booked directly with Holland America Line and paid $849 plus $460 for taxes, fees, and port charges — about $109 a day.

Persons: — Organizations: Service, Holland America Line Locations: Holland, Holland America Line Rotterdam, Ft . Lauderdale , Florida, Panama

☆ China is getting a head start on the flying car industry: report
▼ + stars: | 2024-04-22 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +2 min

China is pulling ahead in the flying car industry. AdvertisementChina is leading the pack as the flying car industry tries to take off. Kellen Xie, the vice president of Chinese eVTOL company AutoFlight Group, told the Financial Times that the Civil Aviation Administration of China (CAAC) has been "quite supportive" of the growing industry. Related storiesXie told FT that CAAC regulators "work longer hours" and "are determined to actually speed up the process of bringing this new technology into reality." A month later, California-based startup Aska became the second eVTOL company to earn FAA certification, but Aska's prototype is more like an aircraft than a car.

Persons: AutoFlight, —, Kellen Xie, Xie Organizations: Service, AutoFlight, Financial Times, Civil Aviation Administration of China, Federal Aviation Administration, Alef Aeronautics, FAA Locations: China, Europe, California

☆ Esports World Cup in Saudi Arabia, worth more than $60M, hopes to send ‘positive message’ to struggling industry
▼ + stars: | 2024-04-16 | by ( Ben Church | ) edition.cnn.com time to read: +4 min

CNN —Boasting the largest prize pool in esports history, this year’s inaugural 2024 Esports World Cup (EWC) could prove to be a pivotal moment for the industry. Clubs will be able to choose which games they participate in before the best performing team across the various championships will be crowned the ultimate Esports World Cup champion for the very first time. Ralf Reichert, CEO of the Esports World Cup Foundation, hopes this new competition in Saudi Arabia can be a game changer. “Setting the record for largest esports prize pool is a remarkable achievement, but what I’m most proud of is the positive message this sends to the wider esports and gaming community,” Reichert said in a statement. In 2023, Saudi launched ‘The National Gaming and Esports Strategy’ (NGES) which hopes to make the country the center of the competitive gaming world by 2030.

Persons: Ralf Reichert, ” Reichert, Saudi Arabia –, “, Prince Mohammed bin Salman, ” Organizations: CNN, Apex, EA Sports FC, of, League, Riot, New York Times, Saudi Arabia’s Public Investment Fund, Saudi, National Gaming, Saudi’s, New Global Sport Locations: Riyadh, Saudi Arabia, Saudi

☆ An accounting firm hired to vet Truth Social's financials quit after less than a year because it no longer wanted to be linked to Trump: FT
▼ + stars: | 2024-04-16 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Read previewThe accounting firm that was first hired to audit former President Donald Trump's social media company quit just months after it was appointed, the Financial Times reported on Monday. WithumSmith+Brown was appointed to vet Trump Media & Technology Group's financials soon after it was founded in early 2021. In January 2022, Trump Media instead turned to a smaller accounting firm to conduct the audit, BF Borgers, which has less than stellar record with regulators. The company's shares initially skyrocketed when it went public in March, only for prices to plunge just a week later. That isn't great for Trump, whose net worth is tied to his holdings in Trump Media.

Persons: —, Donald Trump's, WithumSmith, Brown, Trump Media & Technology Group's financials, Trump, Borgers, BF Borgers, Forbes, Jean Carroll, Stormy Daniels Organizations: Service, Financial Times, Trump Media & Technology, Business, Trump Media, Public Company, BF Borgers, Bloomberg, American Institute of Certified Public Accountants, Trump, Trump Media's, Prosecutors, WithumSmith, Trump Media & Technology Group, Business Insider Locations: freefall, Manhattan

☆ An accounting firm hired to vet Truth Social's financials quit after less than a year because they no longer wanted to be linked to Trump: FT
▼ + stars: | 2024-04-16 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

☆ From the battery boss who naps at noon to the fitness entrepreneur who rises at 3:30 a.m., these are the most unusual CEO habits
▼ + stars: | 2024-04-14 | by ( Alexandra Bacon | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewRunning a company is a stressful job, especially if you're running one of the biggest firms in the world. Here are some of the most unusual routines of CEOs:This story is available exclusively to Business Insider subscribers. Or if you're Elon Musk, your morning routine includes eating a doughnutElon Musk. Taylor Hill/Getty ImagesTesla CEO Elon Musk opts for a sugary start to the day.

Persons: —, Tim Cook, Richard Branson, Josh York, Bob Iger, Chip Somodevilla, Iger, Mikael Berner, Elon, Taylor Hill, Elon Musk, Mark, Mark Zuckerberg, Robin Zeng, CATL, Jack Dorsey, Joe Raedle Jack Dorsey, Dorsey, Gwyneth Paltrow, Rachel Murray, Steven Barlett, Tobias Lutke, brag Organizations: Service, Business, Disney, Getty, Edison Software, EV, Twitter, Telegraph

☆ Boeing CEO’s penchant for cost-cutting doesn’t apply to his trips on the company jet
▼ + stars: | 2024-04-12 | by ( Allison Morrow | ) edition.cnn.com time to read: +3 min

New York CNN —When it comes to building planes, Boeing CEO Dave Calhoun is all about streamlining costs. That oopsie was discovered in an internal review, which was prompted by a Wall Street Journal investigation last year into Boeing executives’ private jet travel, the paper reported Thursday. To be clear: Boeing requires Calhoun, who is stepping down later this year, to use its private jets for business and personal travel for security reasons. But when a CEO uses the company jet for a family vacation, that usually counts as taxable income. Over the last three years, Calhoun racked up $979,000 in personal air travel, according to the company.

Persons: CNN Business ’, Dave Calhoun, Calhoun, thriftiness, Chris Isidore, oopsie, that’s, we’ve, It’s, lavishing Calhoun, teeing, Jon Holden Organizations: CNN Business, New York CNN, Boeing, Wall Street, IRS Locations: New York, Arlington , Virginia, Seattle, America

☆ OpenAI and Meta are on the verge of releasing AI models capable of reasoning like humans, report says
▼ + stars: | 2024-04-10 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

OpenAI and Meta are close to unveiling AI models that can reason and plan, the FT reported. AdvertisementOpenAI and Meta are reportedly preparing to release more advanced AI models that would be able to help problem-solve and take on more complex tasks. Representatives for Meta and OpenAI did not immediately respond to a request for comment from Business Insider, made outside normal working hours. Getting AI models to reason and plan is an important step toward achieving artificial general intelligence (AGI), which both Meta and OpenAI have claimed to be aiming for. Elon Musk, a longtime AI skeptic, recently estimated that AI would outsmart humans within two years.

Persons: —, Brad Lightcap, Joelle Pineau, OpenAI, John Carmack, Bengio, Geoffrey Hinton, Elon Musk, Musk Organizations: Meta, Service, Financial Times, Business

☆ Google's AI search tool doesn't seem to have mastered math yet
▼ + stars: | 2024-04-04 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Google's AI search tool got simple mathematics wrong, a review by The Washington Post said. The experimental tool, Search Generative Experience, was introduced in May. AdvertisementGoogle's AI search tool appears to struggle when it comes to simple mathematics. Google previously said it was "supercharging" and "improving" its search experience with a generative AI-infused version called Search Generative Experience (SGE). AdvertisementThe company told the FT, "With our generative AI experiments in Search, we've already served billions of queries, and we're seeing positive Search query growth in all of our major markets.

Persons: —, Geoffrey A, Fowler, we're, you'll, SGE, Mark Zuckerberg's, we've, Google didn't Organizations: Washington Post, Google, Financial Times, Service

☆ Tesla to explore locations in India for $3 billion EV factory, FT reports
▼ + stars: | 2024-04-04 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

An electric vehicle of the model Y is pictured during the start of the production at Tesla's "Gigafactory" on March 22, 2022 in Gruenheide, southeast of Berlin. The plant could be worth $2 billion to $3 billion, FT reported on Wednesday, citing two people with knowledge about the plans. The EV maker will focus on the states of Maharashtra, Gujarat and Tamil Nadu that already have automotive hubs, according to the report. India last month lowered import tariffs on certain EVs for automakers willing to invest at least $500 million and start domestic manufacturing in the country within three years. Modi met Tesla CEO Elon Musk in June and invited him to explore investment opportunities in India for electric vehicles.

Persons: Tesla, Patrick Pleul, PATRICK PLEUL, Narendra Modi's, Modi, Elon Musk Organizations: Getty, Financial Times Locations: Gruenheide, Berlin, Germany, India, Maharashtra, Gujarat, Tamil Nadu

☆ Disney trounces activist shareholders in a major win for Bob Iger
▼ + stars: | 2024-04-03 | by ( Allison Morrow | Hadas Gold | ) edition.cnn.com time to read: +5 min

New York CNN —Disney won a hard-fought proxy battle against a group of activist investors who sought to secure seats on the company’s board of directors. Disney’s board triumphed by what the company called “a substantial margin” over the nominees put forward by Trian Fund Management and Blackwells Capital at its annual shareholder meeting. Iger didn’t just beat Trian’s Nelson Peltz, but trounced him, according to a person familiar with the vote count. Jay Rasulo, the former Disney finance chief who joined Peltz’s attempt, also lost by a wide margin, the person said. Retail shareholders, which hold roughly 35% of Disney stock, also voted overwhelmingly – 75% – for Disney’s candidates.

Persons: New York CNN — Disney, Bob Iger, Disney’s, —, Trian, didn’t, Trian’s Nelson Peltz, Jay Rasulo, Peltz’s, Peltz, ”, ” Iger, ” Peltz, Iger, CNN’s Oliver Darcy, Samantha Delouya, Oliver Darcy Organizations: New, New York CNN, Trian Fund Management, Blackwells, Disney, Retail, Financial Times, Republicans, Marvel, CNBC, Trian Partners Locations: New York, refocusing, Trian

☆ China has flooded the market with so many solar panels that people are using them as garden fencing
▼ + stars: | 2024-04-03 | by ( Huileng Tan | ) www.businessinsider.com time to read: +1 min

Chinese manufacturers are causing a global glut of solar panels. Solar panels have become so cheap that some people are using them to line fences. US Treasury Secretary Janet Yellen is set to discuss the overcapacity during her trip to China starting Wednesday. Solar panels — 80% of which are made in China — are so cheap that they are now being used to line garden fences in Germany and the Netherlands, the Financial Times reported on Tuesday. Solar panels are typically installed on rooftops, where they can capture the most sunlight — but there's so much excess supply that people in these two countries are now putting them on fences.

Persons: Janet Yellen Organizations: Service, Financial Times, Business Locations: China, Germany, Netherlands

☆ Shein made $2 billion in profits last year. That's a lot of fast fashion.
▼ + stars: | 2024-04-01 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +4 min

That beats the fiscal year of rival fast fashion company H&M. AdvertisementIt appears we consumed quite a bit of fast fashion last year. AdvertisementFor a generation of shoppers who say they like to be environmentally conscious, that's a lot of fast fashion — an industry that relies on cheap labor but comes with a heavy environmental cost. Still, it was a recognition from the fast fashion giant that it knows who its audience is and what they care about. But for now, it's onward and upward for fast fashion.

Persons: Zers, millennials, —, Barron's, It's, Shein, Janus, Jadrian Wooten Organizations: Service, Financial Times, United Nations Environment, New, Virginia Tech, Sheffield Hallam University, & $ Locations: Zara, England, Guangzhou, China

☆ The effects of the fatal bridge collapse in Baltimore will be felt for months
▼ + stars: | 2024-03-31 | by ( Matt Turner | ) www.businessinsider.com time to read: +5 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . On the agenda today:AdvertisementBut first: The effects of the fatal bridge collapse in Baltimore will be felt for months. ET Tuesday, the 984-ft long container ship Dali crashed into the Francis Scott Key Bridge in Baltimore, bringing it down. AdvertisementNow, China is in a similar situaJtion as Japan once was, as it stares down a property market collapse. But Japan's recovery won't be easy to replicate for China, which has resisted stimulus packages and faces a difficult trade market.

Persons: —, Tim Cook's, Francis Scott Key, Tasos Katopodis, Dali, It's, Sam Altman, Kent Nishimura VCs, Altman, Sam Altman's, Jenny Chang, Rodriguez, I'm, Hannes P Albert, Chelsea Jia Feng, ChatGPT, Mark Zuckerberg Organizations: Business, Service, Apple, OpenAI's, Getty Images, Microsoft Locations: Baltimore, Port, London, China Japan, China, Japan

☆ 8 things you need to know about EV startup founder William Li — known as China's version of Elon Musk
▼ + stars: | 2024-03-30 | by ( Alexandra Bacon | ) www.businessinsider.com time to read: +6 min

The Shanghai-based premium EV company was co-founded in 2014 by its CEO, William Li. William Li, also known as Bin Li, has been dubbed the "Elon Musk of China" for his push to develop self-driving EVs and his loyal fan base. He co-founded his first major company in his mid-twentiesBitauto, a car comparison website, was co-founded by Li in 2000. AdvertisementAnyone who purchases a Nio car can access "Nio Houses" equipped with meeting rooms, lounges, baristas, and supervised kids' play areas. To Li's dismay, Nio cars are not yet available for sale in the USLi has expressed dissatisfaction with the US tariffs on Chinese-made EVs.

Persons: William Li, Li, —, Bin Li, Elon, EVs, he's, Tesla, Zoey Zhang Li, Nio, Li livestreamed, HECTOR RETAMAL, ET7, ALY, Elon Musk Organizations: Service, REUTERS, Peking University, New York Stock Exchange, NYSE, CNBC, Reuters Locations: China, Shanghai, Anhui, Nio, Europe, Xiamen, Mexico

☆ The Dali Is a Big Ship. But Not the Biggest.
▼ + stars: | 2024-03-28 | by ( Ella Koeze | ) www.nytimes.com time to read: +4 min

Empire State Building Approximate width 1,454 feet long MSC Irina Biggest container ship in the world 200 feet wide 24,346 containers 1,312 feet Ever Max Biggest container ship to sail into Baltimore 167 feet 15,432 containers 1,201 feet Eiffel Tower 410 feet 1,083 feet Dali 157 feet 9,971 containers 984 feet Container ship of the 1970s ~2,500 containers 66 feet 705 feet Football field Shapes are approximate. 160 feet 360 feet Empire State Building Approximate width 1,454 feet long MSC Irina Biggest container ship in the world 24,346 containers 200 feet wide 1,312 feet Ever Max Biggest container ship to sail in the Port of Baltimore 15,432 containers 167 feet 1,201 feet Eiffel Tower 410 feet 1,083 feet Dali 157 feet 9,971 containers 984 feet Container ship of the 1970s ~2,500 containers 66 feet 705 feet Football field Shapes are approximate. 160 feet 360 feet 1,454 ft. 1,312 ft. 1,201 ft. 1,083 ft. 984 ft. 24,346 containers 705 ft. 15,432 containers 9,971 containers ~2,500 containers 360 ft. 66 ft. 200 ft. 167 ft. 410 ft. 157 ft. 160 ft. Approximate width Empire State Building MSC Irina Biggest container ship in the world Ever Max Biggest container ship to sail into Baltimore Eiffel Tower Dali Container ship of the 1970s Football field Sources: “The Geography of Transport Systems,” by Jean-Paul Rodrigue; VesselFinder; the Empire State Building; the Eiffel Tower; ShipHub; Maryland Port Administration Note: Widths shown are for the widest point for each ship.

Persons: Dali, Jean, Paul Rodrigue, Francis Scott Key, Theo Notteboom, Athanasios Pallis, ”, Rodrigue, “ Organizations: ., Eiffel, Transport Systems, Empire, Francis Scott Key Bridge, Container, Port Economics, Management, Eastern Seaboard, Texas, M University, Galveston, Baltimore . Locations: Baltimore, Port, ShipHub, Maryland, Panama, Eastern U.S, Suez

☆ Here's who could be responsible for paying for the Baltimore bridge disaster
▼ + stars: | 2024-03-27 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +5 min

Read previewThe Francis Scott Key Bridge in Baltimore collapsed on Tuesday after a large container ship ran into it, leading to six presumed deaths and millions of dollars in possible damage. President Joe Biden said on Tuesday the federal government should be responsible for paying to reconstruct the damaged Francis Scott Key Bridge. The Francis Scott Key Bridge, named for Francis Scott Key, the author of the Star Spangled Banner. Drone footage shows aftermath of the Dali container ship's collision into the Francis Scott Key Bridge in Baltimore, Maryland, on March 26, 2024. AdvertisementThe Dali is covered by the Britannia Steam Ship Insurance Association Ltd., known as Britannia P&I Club, according to S&P Global Market Intelligence.

Persons: —, Francis Scott Key, It's, Joe Biden, Biden, David MacKenzie, Dali, Ryan Petersen, Petersen, John Miklus, Britannia Organizations: Service, Business, Sky News, Star, Getty Images Baltimore, Maersk, Synergy Group, Anadolu Agency, Reuters, American Institute of Marine Underwriters, Insurance, Britannia Steam Ship Insurance Association Ltd, P Global Market Intelligence, International Group Locations: Baltimore, Dali, Singapore, Baltimore , Maryland, Britannia, London

☆ Dispatch audio reveals the intense moment on-site officers realized a 984-ft ship was about to crash into Baltimore's biggest bridge
▼ + stars: | 2024-03-27 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

The bridge in Baltimore fell into the Patapsco River on Tuesday after a 984-foot ship crashed into it. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Hold all traffic on the key bridge," the officer said. "10-4, all traffic on the key bridge is down, we got workers in the water," he said. The collapse of the Francis Scott Key Bridge is likely to cause major disruptions to the supply chains of multiple industries, with about 11.3 million vehicles using the bridge annually.

Persons: —, Francis Scott Key, Dali, Wes Moore, " Moore, BI's Dominic Reuter Organizations: Authorities, Service, Maryland Transportation Authority Police, Business, YouTube, Washington Post, Maritime, Port Authority, US Coast Guard, Maryland Gov, MTA Police, Reuters Locations: Baltimore, Patapsco, Singapore, that's, —, Port

☆ China's new guidelines will block Intel and AMD chips in government computers: FT
▼ + stars: | 2024-03-25 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

China has rolled out new guidelines that will phase out U.S. processors in government computers and servers, effectively blocking chips from Intel and AMD , the Financial Times reported on Sunday. The procurement guidelines, unveiled on Dec. 26, are now being enforced and will also impact Microsoft 's Windows operating system and foreign-made database software as they favor Chinese alternatives, the report said. Government agencies higher the township level have been ordered to purchase "safe and reliable" processors and operating systems, FT said. AMD declined to comment on the report while Intel did not immediately respond to CNBC's request for comment. This comes as China has been boosting its domestic semiconductor industry as it seeks to reduce reliance on foreign technology.

Organizations: Intel, AMD, Financial Times, Microsoft, Government, U.S Locations: China

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