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Opinion | Why the World Is Watching Iran
  + stars: | 2023-10-23 | by ( Colin P. Clarke | ) www.nytimes.com   time to read: +8 min
Now, in the wake of Hamas’s Oct. 7 attack, Israel appears to be preparing to invade Gaza. At the center of these mounting tensions is Iran, which has been engaged in a shadow war with its chief regional rival, Israel, for years. It also gives Tehran leverage as its proxy groups develop political wings, helping Iran play kingmaker in local and national politics in Iraq, Lebanon, Yemen and elsewhere. As the conflict intensifies, there are growing concerns that Israel may be headed toward a more direct confrontation with Iran. Follow The New York Times Opinion section on Facebook, Twitter (@NYTopinion) and Instagram.
Persons: Biden, Iran’s, Ayatollah Ali Khamenei, Ismail Qaani, Khamenei, , , , Colin P, Clarke Organizations: United, Navy, Pentagon, U.S, Training, Islamic Revolutionary Guards Corps, Quds Force, Israel Defense, longtime, Israeli Defense Forces, Soufan Group, New York, Facebook, Twitter Locations: Saudi Arabia, Israel, Gaza, Lebanon, United States, Yemen, Iran, Tehran, Washington, Doha, Qatar, meddle, Iraq, Jerusalem, U.S, Amman, Jordan, Istanbul, New York City
Two experts in 5G technology and cybersecurity, Rahim Tafazolli and Alan Woodward of the University of Surrey, spoke to Insider about the key steps organizations should take to develop a secure 5G network. Understand your needs and hire the right staffThe first thing to check is whether you need a 5G network, and if so, how you should scope it. Evaluate public versus private 5G optionsIf you don't have the full complement of telecom skills required, it's much safer to rely on those who do to provide you with a secure 5G network. A public 5G network slice from a mobile operator may, in that instance, be better than a private, on-premise 5G network that you have to maintain in-house. Implement monitoring and automationOperating a 5G network requires extensive telecom expertise that many enterprises lack.
Persons: , Rahim Tafazolli, Alan Woodward, Tafazolli, 5GIC, Woodward Organizations: Service, University of Surrey, Institute for Communication Systems, Surrey Centre, Cyber Security
In 2019, after years of investing in and setting up food and beverage brands internationally, she founded dark-kitchen startup Kbox from London. But two years after this funding, large for an early-stage European startup, Vellani exited the business suddenly, citing health issues. "You're only judged on food quality, but if the chef is doing 10 times the work for same money, then it's a fundamental problem." Both Uber Eats and Deliveroo, after an initial burst of interest, would eventually go on to cut back on virtual brands. In an email comment, Vellani acknowledged her lack of direct technical experience but said she sought to fix this through other C-suite hires.
Persons: Salima Vellani, Uber, Travis Kalanick, Vellani, Butler, CloudKitchens, Kbox, MrBeast Burger, YouTuber MrBeast, Jimmy Donaldson, Influencer Jimmy Donaldson, Burger, Brexit, Vellani didn't, Karim Vellani, Karim, Ben Schultz, Nick Holloway, I've Organizations: Balderton, Hoxton Ventures, Reef Technologies, Lean, Network, United, Advisory Locations: London, Saudi, Revolut, COVID, Kbox, Sydney
The Federal Trade Commission plans to hire at least one child psychologist who can guide its work on internet regulation, Democratic Commissioner Alvaro Bedoya told The Record in an interview published Monday. FTC Chair Lina Khan backs the plan, Bedoya told the outlet, adding that he hopes it can become a reality by next fall, though the commission does not yet have a firm timeline. Surgeon General issued an advisory in May that young people's social media use poses significant mental health risks. Bedoya told The Record that it's "absolutely part of that tradition of systematically expanding our expertise." "If someone is making an allegation about mental health harms, I have no full-time staff who are experts in the psychology of it."
Persons: Alvaro Bedoya, Lina Khan, Bedoya, Douglas Farrar, I've, Aspen Institute's Vivian Schiller Organizations: Federal Trade Commission, Democratic, FTC, CNBC, ., U.S, Privacy, Technology, Georgetown University Law Center, Aspen Locations: Federal, U.S
Hiring managers are less and less impressed by where you went to college — or if you have a four-year degree at all. Nearly half — 45% — of companies have dropped degree requirements for some roles this year, according to new research from ZipRecruiter, which surveyed more than 2,000 U.S. employers. Instead, companies are prioritizing skills over education: 42% of companies are now explicitly using skills-related metrics to find candidates, LinkedIn told CNBC Make It in June, up 12% from a year earlier. "Employers have the perception that younger generations are no longer picking up these important soft skills at school or at college," she explains. Between 2021 and 2022, when companies were desperate to fill vacancies, many lowered their recruiting standards, hiring more "novice employees" lacking these important soft skills, says Pollak.
Persons: Julia Pollak, Marissa Morrison, Morrison, Pollak, Gen, Amanda Augustine, you've, Augustine Organizations: CNBC, Harvard Business, Glass Institute, Employers, Society for Human Resource Management, Global Locations: ZipRecruiter
Short-form videos can be produced easily and inexpensively and offer high levels of engagement. This is just one example of how the New Orleans education and management firm uses short-form videos. Short-form videos are typically between five and 90 seconds and are often used as Instagram reels and stories, TikTok videos, and YouTube shorts. A Sprout Social survey found that three in five consumers consider short-form videos the most engaging type of social content. Short-form videos are easy to produce with a smartphone, making them an inexpensive way for small businesses to reach social-media audiences.
Persons: SBOs, , Krystal Allen, Allen, Vanessa Rissetto, it's, Vanessa, Rissetto, you've, that's Organizations: Small, Service, Allen Consulting Locations: New Orleans
Start your search for a tax preparer or tax advisor before the peak of tax season. How to find the best tax preparer or advisor near youLike finding the right doctor or therapist, it can take time to find the best tax preparer or tax advisor for your situation. A tax attorney has demonstrated expertise in areas of federal and/or state tax preparation and complex tax planning. How to choose a tax preparer frequently asked questionsWho is the best person to get tax advice from? A tax preparer must obtain a preparer tax identification number (PTIN) from the IRS in order to prepare a tax return in exchange for compensation.
Persons: , it's, Kristine Stevenson Seale, Seale, It's Organizations: Service, IRS, Society of Accountants, Better, BBB, Chevron Locations: Austin , Texas, Chevron
VIEW Chevron to buy Hess Corp for $53 bln in all-stock deal
  + stars: | 2023-10-23 | by ( ) www.reuters.com   time to read: +4 min
A 3D printed natural gas pipeline is placed in front of displayed Chevron logo in this illustration taken Feb. 8, 2022. The transaction might also create a peculiar coexistence of the United States' two leading oil majors in Guyana... Hess is geared towards crude production, with oil accounting for 60% of its current output which fits in very nicely with Chevron's similarly oil-focused portfolio. On the deal itself, the Chevron-Hess merger is expected to have a significant impact on the shale oil industry with Chevron becoming the second-largest shale producer in the United States. The merger is also likely to lead to increased M&A and industry consolidation in the North America shale sector.
Persons: Dado Ruvic, bode, Hess, John Hess, PETER MCNALLY, VIKTOR KATONA, KPLER Hess, Chevron, ROBIN HELANDER, Seher Dareen, Ron Bousso, Dmitry Zhdannikov, Mark Potter Organizations: Chevron, REUTERS, Chevron Corp, Hess Corp, Exxon Mobil, ROYAL, Third, Natural Resources, Hess, Thomson, & $ Locations: Guyana, Chevron, North Dakota, United States, North America
Shadi Tabatibi/Reuters Relatives mourn for a family killed in an Israeli airstrike in Gaza City on October 21. Alexi J. Rosenfeld/Getty Images Europe/Getty Images Palestinians inspect a destroyed area following an Israeli airstrike in Gaza on October 21. Ronen Zvulun/Reuters A woman mourns over a dead man at the Al-Aqsa Martyrs Hospital in Gaza City on October 18. Fatima Shbair/AP People react at the site of an Israeli airstrike in Al-Shati refugee camp in Gaza City on Saturday, October 14. Ramez Mahmoud/AP A plume of smoke rises in the sky over Gaza City during an Israeli airstrike on October 9.
Persons: Joe Biden’s, Zhai Jun, Beijing’s, Zhai, , Sanam Vakil, ” Jonathan Fulton, Said Khatub, Leon Neal, Hatem Moussa, Nir Oz, Wolfgang Schwan, Yousef Masoud, Alexi J . Rosenfeld, Shadi Tabatibi, Ali Jadallah, Belal al Sabbagh, Mohammed Saber, Khan, Rizek Abdeljawad, Ahmad Gharabli, Janis Laizans, Abed Khaled, Mohammed Dahman, Yoav Gallant, Gallant, Yasser Qudih, Ofir Libstein, Aza, Ronen Zvulun, Belal Khaled, Abed Rahim Khatib, Hod, Ayal Margolin, Antony Blinken, Joe Biden, Benjamin Netanyahu, Brendan Smialowski, Biden, Netanyahu, Kenny Holston, Ariel Schalit, Mohammed Abed, Kfar Aza, Ilia Yefimovich, Mustafa Hassona, Mahmoud Khaled, Samar Abu, Fatima Shbair, Dor Reder, Violeta Santos Moura, Shir Torem, Wahaj Bani Moufleh, Antonio Macías, Macías, Francisco Seco, Eli Albag, Liri, Mohammed Talatene, Sergey Ponomarev, Hatem Ali, Dor Kedmi, Mahmud Hams, Saher, Abraham Cohen, Valentin Ghnassia, Ghnassia, Yuri Cortez, Ibrahim Hams, Bashar Taleb, Baz Ratner, Jack Guez, Yahya Hassouna, Mapal Adam, Abed Zagout, Tamir Kalifa, Agha, Ibraheem Abu Mustafa, Reuters Itzik, Miriam Shafir, Dor Shafir, Savion Kiper, Maya Alleruzzo, Mohammed Salem, CNN Sergey Ponomarev, Eden Guez, Atef Safadi, Ohad, Mohammed Soboh, Said, Noam Elimeleh Rothenberg, Amir Cohen, Ilai Bar Sade, Erik Marmor, Oren Ziv, Majdi, Ramez Mahmoud, Roi Levy, Alleruzzo, Tali Touito, Jalaa Marey, Oded, Khan Younis, Ahmad Hasballah, Mohammed Fayq Abu Mostafa, Tsafrir, Ilan Rosenberg, Eyad Baba, Itai Ron, Hadas Parush, Xi Jinping, ” Vladimir Putin, Putin, ” Zhai, Mikhail Bogdanov, Putin’s, Israel –, Israel, , Li Mingjiang, Li, China’s, Mao Zedong, Fulton, Zhao Tong, Vakil, China doesn’t Organizations: Hong Kong CNN, United, Palestine, Chatham House, Atlantic Council, Getty, Pictures, Tel Aviv University, AP, New York Times, Reuters, Reuters Civil, AP Rockets, AP Israel's, Regional, Al, Aqsa Martyrs Hospital, Israel's, Ahli Baptist Hospital, Israel Defense Forces, Israeli, Ben Gurion International, Shifa, Palestinian, West Bank, Aris Messinis, Haim, Mount, Mount Herzl Military, Nova, Anadolu Agency, CNN, Nova Festival, Ben Gurion, Rockets, United Nations, Reuters Police, Reuters Rockets, Biden, US, UN, Singapore’s Nanyang Technological University ., Israel, Carnegie Endowment, International Locations: China, Hong Kong, United States, Israel, Beijing, Palestinian, Qatar, Egypt, Gaza, peacemaking, East, North Africa, Abu Dhabi, Rafah, AFP, Tel Aviv, Deir al, Anadolu, Khan Younis, Europe, Zahra City, Gaza City, Xinhua, East Jerusalem, Ras, Israel's, Yehuda, Aqsa, Hod HaSharon, Kiryat Shmona, Al, Ahli, Sderot, Gan, Kfar, North Sinai, Samar, Samar Abu Elouf, Beit Kama, Haifa, Cyprus, Nablus, West, Lebanon, Kfar Saba, Israeli, Be'eri, Rehovot, Mount Herzl, Jerusalem, Kibbutz Be'eri, Modiin Maccabim, Kfar Aza, Ashkelon, Mount Herzel, Yassin, Beitar Ilit, Ramat Gan, Itai, Beit Hanun, Rishon Lezion, Ukraine, Russia, Chatham, Iran, Africa, Moscow, Washington, Xinjiang, Leningrad, Communist China, United Nations, Palestine, Beijing –, Saudi Arabia, Lebanese, Tehran
NEW YORK (AP) — To appeal to a new generation of philanthropists, the Brooklyn Community Foundation is ditching the word “foundation” and establishing itself with a new name: Brooklyn Org. “The point isn’t lost on Rainey, who says that no matter what people call it, Brooklyn Org is still a foundation. But she said the new name reflects different practices the foundation has put in place that let residents steer the course of the institution. All of the foundation’s discretionary grantmaking, Rainey says, uses a participatory approach, where residents research and pick nonprofits to receive grants. The AP and the Chronicle receive support from the Lilly Endowment for coverage of philanthropy and nonprofits and are solely responsible for this content.
Persons: Jocelynne Rainey, grantmakers, ’ ”, , Edelman, Sruthi Sadhujan, Sadhujan, ” Sadhujan, isn’t, Rainey, Alex Daniels Organizations: Brooklyn Community Foundation, Brooklyn Org, Brooklyn Museum, Brooklyn Academy of Music, Independent Sector, Edelman Data, Intelligence, Ford Foundation, Associated Press, The, AP Locations: Brooklyn
One of the downsides of taking new anti-obesity medications is that patients tend to lose lean muscle mass along with body fat. "This is a major shortcoming in terms of not just quality of life for the patients who have to lose lean muscle mass, but there's actually room to improve on the weight loss and there [are] other metabolic benefits to improving your lean muscle mass ... [including] you might have better durability of weight loss." The drug is being tested in a phase 2b study alongside semaglutide to protect against loss of muscle mass. Until then, patients will need to watch what they eat and focus on exercise just as they would on any other weight loss regimen. When that occurs, muscle loss will be an even bigger issue than it is now.
Persons: Piper Sandler, Allison Bratzel, there's, Bratzel, Versanis, Eli Lilly, Eli Lilly's Mounjaro, they're, Lydia Alexander, Alexander, Sandler's Bratzel, incretins, Biohaven, Nestle, Ulf Mark Schneider, Jeff Jonas, Jonas, Stephens, Jim Salera, Atkins, Morgan Stanley, — CNBC's Michael Bloom Organizations: Wall, Nordisk's Ozempic, Obesity Medicine Association, Bristol Myers Squibb, Nestle, Gabelli, Quest, Foods Locations: Swiss
Governors of California, which has an economy larger than most countries, have a long history of climate collaboration with China. “It’s going to be very difficult to tackle the climate crisis just here in California,” Sanchez said. California Republicans said Newsom shouldn’t be visiting China at a time of tensions over international conflicts and the suppression of free speech. But climate experts said California has a significant role to play in advancing global climate policy. “There’s a natural role for California and the California governor.”___Megerian reported from Washington.
Persons: Gavin Newsom, Jennifer Siebel Newsom, Jerry Brown, Arnold Schwarzenegger, Brown, Chuck Schumer, Nancy Pelosi, Xi Jinping, Joe Biden, John Kerry, Xie Zhenhua, Xie, David Victor, ” Victor, , Newsom, Kerry, Lauren Sanchez, ” Brown, Sanchez, “ It’s, ” Sanchez, Biden, Ron DeSantis, Newsom shouldn’t, James Gallagher, “ Newsom shouldn’t, It’s, Nathaniel Keohane, ” ___ Megerian, Ken Moritsugu Organizations: , Governors, China Climate Institute, University of California, U.S, ., U.S ., White, Democrats, Republican, Florida Gov, California Republicans, Center, Climate, Energy Solutions, Associated Press Locations: SACRAMENTO, Calif, — California, China, Hong Kong, Beijing, Shanghai, Guangdong, Jiangsu, He'll, Israel, California, Berkeley, United States, Taiwan, Dubai, Indonesia, U.S, San Diego, ” California, U.S . West Coast, Washington
Recruiters told Insider they caught candidates using the AI chatbot to write cover letters and answer questions. AdvertisementAdvertisementKnowing how to use OpenAI's ChatGPT could potentially help you land your next job — unless you trust the AI chatbot to apply for roles for you, recruiters told Insider. Shapiro admits that using ChatGPT can be "great' in helping applicants "brainstorm verbs" and reframe language that can "bring a level of polish to their applications." AdvertisementAdvertisementA "really bad practice"If used improperly, ChatGPT can actually stop a job applicant from moving forward in the hiring process. AdvertisementAdvertisementThe human touch may be what stops job candidates from getting replaced by AI.
Persons: , ChatGPT, they've, Alex Shapiro, she's, Shapiro, Jasper, shouldn't, Coronini, he's, Lindsey Duran, Chris Foltz, Duran, Nvidia's Duran, Ashley Couto Organizations: Service, Nvidia, National Bureau of Economic Research, IBM Locations: Jasper
casey newton[CHUCKLES]:: And it would be so funny if the AI actually already was deceptive and was just like, oh, yeah, Kevin, you’ve already figured us out. But I also think it’s part of this sort of undercurrent of the conversation, especially around AI right now. Marc Andreessen — he is clearly so angry at all of the people who criticize technology, technology companies, tech investors. And he is just really, really going after that crowd with this piece. brent sealesYou know I don’t really know.
Persons: kevin roose Casey, casey newton What’s, kevin roose, casey newton, hasn’t, kevin roose I’m, I’m, KEVIN, casey newton Yes, Kevin Roose, ” casey newton, Casey Newton, Marc Andreessen, Casey, we’ve, kevin roose Totally, Claude chatbot, Claude, Anthropic’s, chatbot, Anthropic hadn’t, Anthropic, Kevin, — they’re, roose, Meta, it’s, I’ve, Bard, casey newton It’s, there’s, you’ve, casey newton Yeah, didn’t, Kevin — I’m, it’ll, Kevin —, Andreessen Horowitz, Uncle Marc, , “ you’re, Tucker Carlson, Jesus Christ, casey newton Well, kevin roose Oh, he’s, McCarthy, , Nick Land, casey newton Totally, You’re, Daron Acemoglu, Simon Johnson, It’s, Marc Andreessen —, they’re, Nietzschean supermen, Nietzschean, Marc, casey newton Heck, Andreessen, Marc Andreessen decries, Marc Andreessen’s, CASEY, kevin roose That’s, you’re, Nat Friedman, who’s, Daniel Gross, John, Patrick Collison, Toby Lutke, Shopify, Aaron Levie, Brent Seales, — casey newton, There’s, Luke Farritor, ” brent seales, brent seales, that’s, Seales, haters, brent seales That’s, you’ll, casey newton Yep, brent seales —, brent seales We’d, brent seales They’re, They’re, Luke, Brent, brent seales Pliny, Elder, Jesus, brent seales What’s, casey newton Right, we’re Organizations: YouTube, The New York Times, Facebook, Google, Intelligence, America, AIs, Stanford, Communist, Netscape, Fox News, Communist Party, Technology, Venture, Twitter, acc, kevin roose Venture, Companies, Meta, University of Kentucky, British Locations: , Anthropic, China, Florida, California, United States, Europe, Romanian, interpretability, Valley, America, Silicon, Silicon Valley, Vesuvius, Rome, Greece, Herculaneum, Venice, Roman
David Kenner, an attorney known for representing Suge Knight, Tupac Shakur, and Snoop Dogg, ran Michel's defense for the trial. AdvertisementAdvertisementBut Michel's new lawyers, a legal team from ArentFox Schiff, now say Kenner botched the defense by using an "experimental artificial intelligence program" to draft his closing arguments. "Michel never had a chance," the ArentFox Schiff team wrote, adding that Michel's legal defense was "deficient throughout." Michel's lawyers said his former publicist told them about Kenner using EyeLevel.AI to write the closing arguments. Kenner and the ArentFox Schiff team did not immediately respond to requests for comment sent outside regular business hours.
Persons: Pras Michel, David Kenner, Kenner, , Michel, Suge Knight, Tupac Shakur, Snoop Dogg, ArentFox Schiff, Schiff, EyeLevel.AI Organizations: Service, Suge, Kenner, Kenner Law, Daily Locations: Malaysian, EyeLevel.AI, Encino , California, New York City, EyeLevel
Several attendees in the virtual meeting noted that U.S. corn yield has landed below USDA’s trend yield for five consecutive years now, prompting questions as to whether the calculation will be revisited for future seasons. The market’s main grievance with the recent yield pattern is that negative price implications could arise if trend yield starts out too high, since it may cause U.S. corn supplies to be overstated early on. Trend yield is set forth by USDA’s World Board and is based off a publicly documented model written in 2012. They also suggested that consecutive bad weather years can skew the view of true trend yield. In the last five years including 2023, corn yield fell below trend in each year and by an average of 6.1 bpa (3.4%).
Persons: Daniel Acker, Karen Braun, Marguerita Choy Organizations: REUTERS, Rights, U.S . Department, USDA’s, Agency, USDA, Reuters, Thomson Locations: Tiskilwa , Illinois, U.S, Rights NAPERVILLE , Illinois
He writes that careers will depend on your ability to use soft skills and adapt. AdvertisementAdvertisementLess than a year ago, a degree in computer science seemed like the golden ticket to a successful career. However, after ChatGPT's public release in 2022, this may no longer be the case as generative AI (GenAI) democratizes coding to those who simply possess English proficiency. Simply put, hard skills can make you good at one job, while soft skills can make you good at many jobs. Those that build upon their soft skills to constantly adapt, reset and reinvent will thrive in the Age of AI.
Persons: Nakai, , GenAI, Frey, Oscbone's, Junta Nakai Organizations: Service, Wall Locations: Databricks, United States
Opinion | Biden’s Unspoken Message in Israel
  + stars: | 2023-10-19 | by ( David Firestone | ) www.nytimes.com   time to read: +2 min
President Biden flew into multiple headwinds on his risky trip to show solidarity with Israel on Wednesday. Even before his plane landed at Ben Gurion Airport, several allied Arab leaders announced they would not see him. He offered a small aid package for residents of Gaza and the West Bank, but can’t do much more until Congress functions again. Rocket and shell fire from Gaza and Lebanon resumed within two hours after his plane left Israel. But the trip was still worth making, as much for what went unspoken as for any tangible goals that were achieved.
Persons: Biden, Jack Lew, Obama Organizations: Israel, Wednesday, Ben Gurion, West Bank, Republicans, Senate, Republican Locations: Israel, Gaza, Lebanon, United States, Washington, Iran
The marketing failure that's going to kill us all
  + stars: | 2023-10-19 | by ( Jake Safane | ) www.businessinsider.com   time to read: +12 min
A good example of bad climate marketing comes from the Irish budget airline Ryanair. Carbon offsets involve contributing money to a project that will help avoid, reduce, or remove carbon emissions from the atmosphere, such as planting trees or building wind farms. Some of the most successful corporate efforts at climate marketing place more emphasis on consumers' personal concerns. According to the International Energy Agency, global carbon emissions reached a record high last year. The more you focus on what everyday people care about, Berger said, the more effective your marketing campaign will be.
Persons: they've, , Jonah Berger, that's, Jonathan Ernst, Biden, Jenna DiPaolo, DiPaolo, John Oliver, Oliver, Ben Forman, Ryanair, Forman, " Forman, Tesla, " Berger, Berger, Jake Safane Organizations: Keystone XL, Pew Research, Wharton School, University of Pennsylvania, REUTERS, National Petroleum Reserve, Greenpeace, Wildlife, Ryanair, International Monetary Fund, International Energy Agency, United Nations Locations: Canada, Alaska, Greenpeace USA, Ireland, Phoenix
Sharing a stage at Foxconn's annual tech showcase in Taipei, Foxconn Chairman Liu Young-way and Nvidia CEO Jensen Huang said their companies would build these "AI factories" together. And the data centres that produce it are AI factories," Huang said, adding that Foxconn had the expertise and scale to build them globally. Showing a hand-drawn sketch, Huang - sporting his signature black leather jacket - explained how "AI factories" could continuously receive and process data from autonomous electric vehicles to make them smarter. The AI factory would improve the software and update the entire AI fleet," said the Taiwan-born Huang. "In the future, every company, every industry, will have AI factories."
Persons: Foxconn, Liu Young, Jensen Huang, Huang, Orin, Liu, Jun Seki, Terry Gou, Sarah Wu, Ben Blanchard, Christian Schmollinger, Jamie Freed Organizations: Nvidia, EV, Foxconn's Tech, Thomson Locations: TAIPEI, Taipei, Taiwan, China, Foxconn, India, Japan
National Oilseed Processors Association (NOPA) data on Monday revealed U.S. soybean oil stocks among NOPA members totaled 1.108 billion pounds as of Sept. 30. A mid-year drawdown of U.S. soyoil stocks is common, but this year’s pace is unusual. The U.S. Department of Agriculture projects total domestic soybean oil use at a record 27.45 billion pounds in 2023-24, which began Oct. 1. The most actively traded Chicago soybean oil futures are at three-year lows for the date, down 20% from a year ago. Most-active CBOT soybean oil futuresRISING IMPORTSU.S. soybean oil stocks may be falling, but both the reduction in exports and influx of vegetable oil from overseas have been somewhat offsetting.
Persons: Jason Lee, Stocks, Karen Braun, Miral Organizations: Industry, Trade Co, REUTERS, Rights, Oilseed Processors, U.S . Department of Agriculture, NOPA, U.S, Higher, USDA, Reuters, Thomson Locations: Qufu, Shandong province, China, Rights NAPERVILLE , Illinois, U.S, Chicago, United States, USDA
The International Energy Agency (IEA) report published this week revealed that a growing volume of renewable energy generation is being stalled as developers wait for projects to be connected to national electricity grids. Since the report's release on Monday, share prices of companies engaged in building electric grids, or with products and services tied to grid modernisation, have outperformed firms that are focused on renewable energy generation. The share prices of certain firms that hold these particular skill or product sets have seen signs of heightened buying interest this week since the IEA report was published, indicating that some investors may be already placing bets that grid specialist firms may be primed for growth going forward. Germany's E.ON (EONGn.DE), which has a major energy networks division, is up roughly 17% this year, LSEG data shows. Firms that develop smart meters and other grid management tools are also expected to see growth in demand for their services by power companies.
Persons: Lisi Niesner, Gavin Maguire, Muralikumar Organizations: REUTERS, International Energy Agency, IEA, FOCUS, Mastec Inc, U.S, Fluor Corp, Eaton Corporation, E.ON, Reuters, Thomson Locations: Weselitz, Germany, LITTLETON , Colorado, U.S, Ireland
3D printed models of people working on computers and padlock are seen in front of a displayed CYBER ATTACK words and binary code in this picture illustration taken, February 1, 2022. REUTERS/Dado Ruvic/Illustration/File photo Acquire Licensing RightsLONDON, Oct 18 (Reuters) - A major cyber attack on a financial services payments system could lead to global losses of $3.5 trillion, with much of it not covered by insurance, commercial insurance market Lloyd's of London (SOLYD.UL) said on Wednesday. Cyber insurance saw over $9 billion in gross written premiums in 2022 and is forecast to grow to $13 billion to $25 billion by 2025, Lloyd's said. Over 20% of the world's cyber premium is placed in the Lloyd's market, Lloyd's said. Major cyber insurers Beazley (BEZG.L) and Hiscox (HSX.L) are among more than 50 insurance companies in the Lloyd's market.
Persons: Dado Ruvic, Lloyd's, , Bruce Carnegie, Brown, Beazley, Carolyn Cohn, Jonathan Oatis Organizations: REUTERS, Lloyd's, Cambridge Centre, Risk Studies, China, Thomson Locations: London, United, Japan
RICHMOND, Va. (AP) — Former Virginia House Speaker Eileen Filler-Corn has decided against a bid for governor in 2025 and will instead run next year to represent the competitive northern Virginia congressional seat being vacated by a fellow Democrat, U.S. Rep. Jennifer Wexton. “This is an unfair, devastating reality that she now has to navigate,” Filler-Corn said, adding that she had discussed her plans with Wexton. The open seat dynamic in the Loudoun County-centered 10th District — Filler-Corn said she lives just outside it — could set up a competitive race with implications for party control of the U.S. House. Filler-Corn is a strong fundraiser who led the Democratic House caucus during the national scandal and party strife that exploded after the 2019 discovery of a racist photo in former Gov. Neither has publicly committed to a run and both have also said they are focused on this year's legislative races.
Persons: Eileen, Jennifer Wexton, , Abigail Spanberger, Richmond Mayor Levar Stoney, Wexton, Barbara Comstock, Ralph Northam’s, , That's, Glenn Youngkin's, Spanberger, she’s, Wahoo, Connor Joseph, she's, Stoney, Kevin Zeithaml, Jason Miyares, Winsome Earle, Sen, Amanda Chase, Chase Organizations: , Virginia, U.S . Rep, Virginia General Assembly, Associated Press, Richmond Mayor, Democratic, U.S . House, Republican Rep, Gov, Commonwealth, Republican Gov, University of Virginia, Democratic Party, AP, District, Republicans, Sears, U.S . Senate Locations: RICHMOND, Va, Virginia, Richmond, Washington, Loudoun County, Fairfax County, Congress, , Spanberger
The officials from the United States, Britain, Canada, Australia and New Zealand - known as the Five Eyes intelligence sharing network - made the comments following meetings with private companies in the U.S. innovation hub Silicon Valley. From quantum technology and robotics to biotechnology and artificial intelligence, China was stealing secrets in various sectors, the officials said. In response, Chinese government spokesman Liu Pengyu said the country was committed to intellectual property protection. The U.S. has long accused China of intellectual property theft and the issue has been a key sore point in U.S.-China relations. "The Chinese government is engaged in the most sustained scaled and sophisticated theft of intellectual property and expertise in human history," said Mike Burgess, the Australian Security Intelligence Organisation's director-general.
Persons: Christopher Wray, Jim Bourg, Wray, Liu Pengyu, Mike Burgess, Burgess, we've, Zeba Siddiqui, Jamie Freed Organizations: Committee, Federal Bureau of Investigation, REUTERS, Rights STANFORD, FBI, Reuters, The, Australian Security Intelligence, Thomson Locations: Washington , U.S, California, China, United States, Britain, Canada, Australia, New Zealand, U.S, Valley . U.S, Washington, The U.S, Australian, Stanford , California
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