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☆ Please don't bother Jeff Bezos on vacation
  + stars: | 2023-12-31 | by ( Lloyd Lee | ) www.businessinsider.com   time to read: +2 min
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewJeff Bezos' yacht is such a spectacle to behold that local authorities have had to ask the public to give the billionaire some privacy while he's on vacation. Before that, Bezos broke a California record by purchasing a $165-million estate built by Warner Bros. cofounder Jack Warner in 1937. The Beverly Hills estate provides privacy with tall hedges that hide the home from the street. Even in the way he conducts his businesses, from Amazon to Blue Origin, Bezos has cherished privacy, keeping some of the company projects secret for years, The Washington Post reported.
Persons: —, Jeff Bezos, Lauren Sanchez, Tourism Charles Fernandez, Fernandez, Jeff, Lauren love Maui, Bezos, Jack Warner Organizations: Service, Business, Barbuda's, Tourism, Antigua Observer, Pacific Business, Warner Bros, Washington Post Locations: Falmouth, Antigua, Barbuda, Koru, Maui's, California, Beverly, Amazon
☆ Analysis: COP27 loss and damage fund heralds 'new dawn for climate justice'
  + stars: | 2022-11-20 | by ( Megan Rowling | ) www.reuters.com   time to read: +8 min
Yeb Saño, head of Greenpeace Southeast Asia, said the fund's approval "marks a new dawn for climate justice." While the loss and damage fund would not be enough to deal with growing climate losses, "it is a much-needed political signal to rebuild broken trust" between rich and poor nations, he said in a video statement. Their opposition was rooted in fears of being held financially liable for the impacts of their historically high greenhouse gas emissions. FOSSIL FUELS MISSINGPolitical figures had urged countries at COP27 to set aside geopolitical fights in order to keep climate action on track. Manuel Pulgar-Vidal, global climate and energy lead for environmental group WWF, who presided over COP20 in Peru, said leaders had missed the chance in Egypt to speed up the rapid and deep emissions cuts essential to limit climate damage.
☆ Vulnerable nations warn COP27 success rests on climate damage fund
  + stars: | 2022-11-17 | by ( Kate Abnett Shadia Nasralla | Kate Abnett | Shadia Nasralla | ) www.reuters.com   time to read: +2 min
REUTERS/Nacho Doce/File PhotoSHARM EL-SHEIKH, Egypt, Nov 17 (Reuters) - The COP27 climate summit in Egypt must establish a fund to help countries cope with the irreparable damage caused by climate disasters, ministers representing developing nations said on Thursday, warning that anything less would thwart the U.N. summit's chances of success. Talks about creating - or at least committing to create - a "loss and damage" fund were put on the agenda for the first time in nearly three decades of COP climate summits where poorer nations have urged richer countries to act. "Anything less than establishing a loss and damage fund at this COP is a betrayal of the people who are working so hard to clean up this environment," said Molwyn Joseph, Antigua and Barbuda's environment minister. He was speaking at a news conference of ministers representing groups of developing countries in the U.N. climate talks. The first draft of a possible deal document for COP27 published earlier on Thursday mentions loss and damage, but it does not include details for actually launching a fund.
☆ COP27 draft climate deal retains 1.5C limit, but many issues unresolved
  + stars: | 2022-11-17 | by ( Katy Daigle William James Shadia Nasralla | Katy Daigle | William James | ) www.reuters.com   time to read: +6 min
[1/5] Climate activists take part in a protest during the COP27 climate summit, in Sharm el-Sheikh, Egypt, November 16, 2022. "There's still a lot of gaps in the texts," said a spokesperson for Britain's COP26 Presidency, which hosted last year's climate summit in Glasgow. EU climate policy chief Frans Timmermans said the first draft left a lot to be desired. TEMPERATURE TARGETOn limiting the global temperature rise, the document mirrors language included in last year's COP26 agreement. Temperatures have already increased by 1.1C, and are projected to blow past 1.5C without swift and deep cuts to emissions within this decade.
☆ China had a plan to dominate tech and become the world's most powerful country. It's all gone wrong.
  + stars: | 2022-09-08 | by ( Linette Lopez | ) www.businessinsider.com   time to read: +15 min
Semiconductor chips are the tiny brains that power our technological world, from cars and cellphones to fighter jets and advanced missile systems. Right now China is awash in money for tech, but you need the right people and customers that trust you. Why China needs the chipsThe Chinese economy is big, but it isn't wealthy. In other words, China needs a more lucrative line of business the same way someone with credit-card debt needs a raise. The Made in China 2025 plan lays out a goal for domestically manufactured chips to meet 70% of China's semiconductor needs within three years.
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