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Read previewUS President Joe Biden last week called for a tripling of tariffs on Chinese steel and aluminum imports, echoing former President Donald Trump's levies on a range of goods from China. Biden — who is the frontrunner for the Democratic Party's presidential nominee — said China's steel production was backed by state funds, which enable the commodity to be sold cheaply to the US. He wants to hike a key tariff on Chinese steel and aluminum from 7.5% to 25%. AdvertisementHowever, the US isn't a large Chinese steel importer. AdvertisementLin added that China's steel sector is geared toward meeting domestic demand and doesn't receive any export-oriented subsidies.
Persons: , Joe Biden, Donald Trump's, Biden —, Trump, Chim Lee, Biden, Lin Jian, Lin, Janet Yellen, EIU's Lee Organizations: Service, Democratic, Business, Bloomberg, Economist Intelligence Locations: China, Beijing, Chile, Brazil
Taylor Swift is not known to bite the hand that feeds her. Taylor Swift built her brand as a friendly and relatable pop starA young fan exchanges friendship bracelets with Taylor Swift during The Eras Tour" in Sao Paulo, Brazil. But nearly two decades into her career, the business of Being Taylor Swift has become a billion-dollar industry whose parasocial peanut gallery has grown in size to match. With 'The Tortured Poets Department,' Swift is telling fans they don't actually know herTaylor Swift greeting fans at the 2019 VMAs. John Shearer/Getty Images"The Tortured Poets Department" allows a peek into the inner turmoil of Being Taylor Swift, with all the attention, venom, and possessiveness she attracts.
Persons: Taylor Swift, Swift, Taylor, Little, that's, fame's downsides, Kanye, John Shearer, Matty Healy, Joe Alwyn, Healy, who'd, Swifties, Healy didn't, she's, Swift — Organizations: Recording Academy, Poets Department, Marvel, Department, Spice Locations: Sao Paulo, Brazil
As Airbnb's recently appointed chief business officer, Dave Stephenson is playing a crucial role in the company's future growth plans. He's also filling another role that is critical to that growth: an Airbnb host. An avid skier and hiker, Stephenson is quick to share details of the best trails with his guests. Airbnb is also looking to expand its services, making it easier to be a host as well as a guest. That could include helping hosts facilitate check-ins or helping them get the items they need for guests, like linens.
Persons: Airbnb's, Dave Stephenson, He's, Stephenson, Brian Chesky, Chesky, Airbnb Organizations: Airbnb, CBO, Netflix Locations: Ankara, Turkiye, Amazon, Seattle , Washington, that's, Germany, South Korea, Brazil, Bavaria, Washington
"If there's a clear and present market reality, we need to twitch faster, like the athletes twitch faster," he said. The spokesperson highlighted the addition of generative AI to search and improvements in search quality, adding, "There's lots more to come." In March, Google named company veteran Elizabeth Reid to the role of vice president, leading search and reporting to Raghavan. "We're in a new cost reality," Raghavan said. Demis Hassabis, Google's AI leader, said in February after the tool was taken down that it would be re-released in weeks.
Persons: Prabhakar Raghavan, Julia Nikhinson, Raghavan, Sundar Pichai, TikTok, dory, Elizabeth Reid, Ruth Porat, We've, Jonathan Raa, we've, they've, Demis, Bard, Pichai, That's Organizations: Google, US, Bloomberg, Getty, CNBC, Mazda, Microsoft, Google Gemini, Nurphoto, Union's, European Commission, Gemini Locations: Washington , DC, Mountain View , California, Silicon Valley, India, Brazil, Brussels, Belgium
Musk has been in public spats with Brazil's Supreme Court and the Australian government this year. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Musk said on Friday: "The Australian censorship commissar is demanding global content bans." Musk said on X the content had been "censored" for Australia, "pending legal appeal, and it is stored only on servers in the USA." Representatives for Musk did not immediately respond to a request for comment from Business Insider, made outside normal working hours.
Persons: Elon, Musk, , That's, he's, Mar Mari Emmanuel, Australia's, Tanya Plibersek, Alexandre de Moraes, de Moraes, Brazil's, De Moraes, Volodymyr Zelenskyy, Zelenskyy's, Donald Trump Jr Organizations: Twitter, Brazil's, Service, Reuters, Australia's eSafety, BBC News, SpaceX, Getty, Business Locations: Sydney, Australian, Australia's, Australia, USA, Brazil, Russia, Ukraine, Crimea, Ireland, Dublin
JPMorgan thinks Assaí Atacadista, one of the largest retailers in Brazil, is a strong investment play as the company begins to reflect better operating trends. Analyst Joseph Giordano upgraded Assaí, a Brazilian self-service wholesale company with almost 300 stores that trades on the New York Stock Exchange, to overweight from neutral. JPMorgan also raised its price target by $2.50 to $17.50, implying upside of almost 30% over the next year. "We revisit our views on the Brazilian cash & carry space ahead of 1Q24 results," Giordano wrote in a note Tuesday. A more flexible balance sheet would enable Assaí to take advantage of the fact that major competitors are not opening new stores, he said.
Persons: Assaí Atacadista, Joseph Giordano, Giordano, Atacadão, Assaí Organizations: JPMorgan, New York Stock Exchange Locations: Brazil, Brazilian, U.S
They initially mulled over relocating to four potential destinations – Ghana, Sweden, Mexico, and of course, Costa Rica. There’s something energetic about being in Costa Rica.”‘Serendipitous’ move"There’s something energetic about being in Costa Rica," says Ward-Hopper. The community really looked out for each other.”New additionTheir son Nicolai was born in Costa Rica in 2020. “So for us it is more affordable, it’s getting more expensive as more people move to Costa Rica. “I guess we’re more nomadic than stationary, but Costa Rica feels like home.”
Persons: Kema, Hopper, Nicholas Hopper, Aaralyn, , , I’d, Hurricane Harvey, Houston, Ward, they’d, we’ve, Nicolai, ” “, it’s, she’s, “ I’m, Costa, Costa Rica Organizations: CNN, Central American, CNN Travel, Loma Locations: Costa Rica, Houston , Texas, Houston, Ghana, Sweden, Mexico, “ Costa Rica, – Costa Rica, , Pueblo Nuevo, California, Sardinia, Okinawa, Nicoya, Costa Rican, Latin America, Colombia, Brazil, Costa
Morgan Stanley reiterates Apple as overweight Morgan Stanley lowered its price target on the stock to $210 per share from $220 but says it's sticking with Apple. Bank of America reiterates Amazon as buy Bank of America said it's bullish heading into Amazon earnings next week. Bank of America reiterates Tesla as neutral Bank of America said it's sticking with its neutral rating on Tesla shares. Morgan Stanley upgrades Alcoa to equal weight from underweight Morgan Stanley said it sees a more balanced risk/reward for shares of Alcoa. Bank of America reiterates Apple as buy Bank of America says Apple is a top pick at the firm.
Persons: Goldman Sachs, Goldman, Morgan Stanley, it's, Piper Sandler, Piper, Apple, Q, Q revs, Papa, Stifel, Papa John's, Jefferies, Mizuho, JPMorgan, Raymond James downgrades, Raymond James, TD Cowen, BRBR, BMO downgrades, Tesla, Oppenheimer Organizations: Nvidia, NVIDIA, RBC, Apple, Microsoft, Meta, Bank of America, JPMorgan, Cisco, Deutsche Bank, Realty Trust, Deutsche, Brands, BMO, of America, Alcoa, Kymera Therapeutics, " Bank of America Locations: Singapore, Asia, Brazil
What to Know About China’s Export Dominance
  + stars: | 2024-04-19 | by ( Keith Bradsher | ) www.nytimes.com   time to read: +1 min
China’s car shipments to foreign markets have quintupled in the past four years. Even exports in labor-intensive industries like furniture making, which China was once expected to lose to lower-wage countries, are surging. American and European leaders have become increasingly vocal that a flood of Chinese exports is swamping their markets. But China’s manufacturing sector is so strong that its export push will be difficult to counter. Chinese companies have increased exports to the West through indirect routes in Southeast Asia and Mexico, sidestepping tariffs on goods that come directly from China.
Persons: Rich, Xi Locations: China, India, Brazil, West, Southeast Asia, Mexico
CNN —Dengue cases are surging in the Americas, with cases reported topping 5.2 million as of this week, surpassing a yearly record set in 2023, according to the Pan American Health Organization (PAHO). PAHO spokesperson Ashley Baldwin told CNN Thursday that 5,214,480 cases of dengue have been reported in the Americas as of Wednesday. In all of 2023, the total number of cases reported in the region was 4,572,765. “We are in an emergency situation because of dengue,” PAHO Director Jarbas Barbosa said in a news briefing Thursday. Early detection and access to proper medical care will reduce the probability of dying due to severe dengue,” Baldwin added.
Persons: PAHO, Ashley Baldwin, , Jarbas Barbosa, ” Baldwin, Barbosa, Agustin Marcarian, Eraldo Peres, Baldwin Organizations: CNN, Pan American Health Organization, Reuters Public, AP, US Centers for Disease Control, Prevention, World Health Organization, Virgin Islands Locations: Americas, Brazil, Rio de Janeiro, Peru, Buenos Aires, Argentina, Ceilandia, Brasilia, Puerto Rico, Virgin, American Samoa
Sopa Images | Lightrocket | Getty ImagesMining of critical minerals plays a crucial role in the global green transition, but the broader industry's bad reputation and other challenges present investment barriers, industry experts warn. Critical minerals include metals such as copper, lithium, nickel, cobalt and rare earth elements, and are important components in emerging green technologies such as wind turbines and electric vehicles. Speaking on a panel at Singapore's annual Ecosperity Week, which ended Wednesday, mining industry experts and investors said the growing demand from green tech makes it necessary to increase government support and capital flows into the critical mining sector. Many of the same companies that mine critical minerals also mine environmentally damaging fossil fuels like coal. One area that has seen recent strides and investments has been in the recycling of critical minerals, which cuts down the need of extraction.
Persons: Adam Matthews, Dominic Barton, Barton, Scott Clements Organizations: PT Vale, Getty Images, Global Investor Commission, Mining, Royal Bank of Canada, Rio Tinto, LeapFrog Investments, International Renewable Energy Agency, EV, World Bank, Tribeca Capital Locations: PT Vale Indonesia, China, Paris, Rio, Indonesia's Sulawesi, Rio Tinto, Western Australia
He was a model to me of artistic labor and discipline, even if those early paintings were painfully amateurish. IT WASN’T MY intention to start an essay about artistic beginnings with a story of artistic death. No one captured the massive cultural and economic disparities of my life in Delhi (and his in Lahore) like Toor. But quite unbeknown to me, Toor’s life in New York had opened up a new vein of material. Not everyone who sees a Michelangelo can go off and paint a Michelangelo.”THERE ARE SO many ways to begin.
Persons: Naipaul, Neil Shah, James Wood —, Zack, who’d, , Artemisia Gentileschi, Susanna, Elders ”, I’m, ” Gustave Flaubert, , ” Zack, it’s, Bruce Chatwin, Paul Gauguin, Salman Rushdie, Somerset Maugham, Kathryn Bigelow, Philip Glass, Arundhati Roy, Booker, Joseph Conrad, Conrad, Jacques, ” Conrad, brimming, , ’ ”, Clarice Lispector, Benjamin Moser, ” Lispector, Maugham, eludes, Jan van Kessel, Elder, — Pieter Bruegel, , Rebecca West —, “ Black Lamb, J.R, Hammond, Wells, Rebecca West ”, sloughed, Henrik Ibsen’s, Rosmersholm ”, Karan Mahajan, Salman Toor, what’s, ” Hemingway, Anoushka Shankar, Ravi Shankar, Harold Bloom, Ravi, Uday, René Daumal, Rasa ”, ” Anoushka, Norah Jones, Norah, I’ve, “ Raphael, Rachel Cusk, Italy ”, Perugino, Raphael, Cusk, J.M, Samuel Beckett, Gabriel García Márquez, Thomas Pynchon’s, James Joyce, Michelangelo, Leonardo da Vinci, Marcel Proust’s, Fyodor Dostoyevsky, Read, Emma Kehlbeck, Quinton Kamara Organizations: Amherst College, Elders, Fayerweather, , Google, Sunday Times, Somerset, Yugoslavia, The, , . Locations: Delhi, , Massachusetts, Italian, Topeka, Kan, Amherst, New York, London, Patagonia, New Delhi, Torrens, Cambridge, Polish, Ukrainian, Brazil, Flemish, Victorian England, “ H.G, Fairfield, United States, , East, Lahore, Europe, America, Texas, Side, Manhattan, India, Italy
A woman in Brazil was arrested after seemingly trying to secure a bank loan using her dead uncle's signature. The woman appeared to bring her uncle's body to the bank in a wheelchair and tried to use it to sign papers. Bank staff became suspicious when the man was unresponsive and his head kept lolling, local media said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA woman in Brazil was arrested on Tuesday on suspicion of theft by fraud and violating a corpse after she brought her uncle to a bank to sign a loan agreement, local media outlets reported.
Persons: , O Dia, Erika de Souza Vieira Nunes, Nunes, that's, Paulo Roberto Braga, Correio Braziliense, Braga, Correio, Christ, Christian Adams, William Jackson Organizations: Bank, Service, Itaú Bank, Economics Locations: Brazil, Rio, Rio de Janeiro, South America
He was a model to me of artistic labor and discipline, even if those early paintings were painfully amateurish. The painting followed me from Amherst to my first job in New York, and on to London and Delhi. IT WASN’T MY intention to start an essay about artistic beginnings with a story of artistic death. I’m especially moved by those first moments of validation by which an artist comes out to himself, as it were. It’s this, the inexorability of the correspondence between an artist and the world, that gives those first steps their magical quality.
Persons: Naipaul, Neil Shah, James Wood —, Zack, who’d, , Artemisia Gentileschi, Susanna, Elders ”, I’m, ” Gustave Flaubert, , ” Zack, it’s, Bruce Chatwin, Paul Gauguin, Salman Rushdie, Somerset Maugham, Kathryn Bigelow, Philip Glass, Arundhati Roy, Booker, Joseph Conrad, Conrad, Jacques, ” Conrad, brimming, , ’ ”, Clarice Lispector, Benjamin Moser, ” Lispector, Maugham, eludes, Jan van Kessel, Elder, — Pieter Bruegel, , Rebecca West —, “ Black Lamb, J.R, Hammond, Wells, Rebecca West ”, sloughed, Henrik Ibsen’s, Rosmersholm ”, Karan Mahajan, Salman Toor, what’s, ” Hemingway, Anoushka Shankar, Ravi Shankar, Harold Bloom, Ravi, Uday, René Daumal, Rasa ”, ” Anoushka, Norah Jones, Norah, I’ve, “ Raphael, Rachel Cusk, Italy ”, Perugino, Raphael, Cusk, J.M, Samuel Beckett, Gabriel García Márquez, Thomas Pynchon’s, James Joyce, Michelangelo, Leonardo da Vinci, Marcel Proust’s, Fyodor Dostoyevsky, Read, Emma Kehlbeck, Quinton Kamara Organizations: Amherst College, Elders, Fayerweather, , Google, Sunday Times, Somerset, Yugoslavia, The, , . Locations: Delhi, , Massachusetts, Italian, Topeka, Kan, Amherst, New York, London, Patagonia, New Delhi, Torrens, Cambridge, Polish, Ukrainian, Brazil, Flemish, Victorian England, “ H.G, Fairfield, United States, , East, Lahore, Europe, America, Texas, Side, Manhattan, India, Italy
Juliette Pavy/Sony World Photography AwardsNow in its 17th year, the Sony World Photography Awards celebrates powerful images that resonate with audiences around the world. Mahé Elipe/Sony World Photography Awards “The Sacrifice Zone," taken in a remote part of Kazakhstan, won Eddo Hartmann the Landscape category. Eddo Hartmann/Sony World Photography Awards Ireland’s Siobhán Doran took the prize for the Architecture and Design category for "Sala Mayor (Living Room)." Siobhán Doran/Sony World Photography Awards Jorge Mónaco of Argentina won the Portfolio category for his submission “Portraits and Landscapes.” Jorge Mónaco/Sony World Photography Awards The Still Life prize went to Federico Scarchilli from Italy. Sujata Setia/Sony World Photography Awards Thomas Meurot’s series "Kald Sòl" (Cold Sun) about surfing in Iceland's winter was the winner in the Sport section.
Spiders are weavers. The Navajo artist and weaver Melissa Cody knows this palpably. It also infuses “Melissa Cody: Webbed Skies,” the first major solo exhibition of the artist’s work, which is on view at MoMA PS1 through Sept. 9. in a co-production with the São Paulo Museum of Art in Brazil (known as MASP). The exhibition is part of the overdue recognition of Indigenous artists by museums and other institutions, from the recent retrospective of Jaune Quick-to-See-Smith’s work at the Whitney Museum of American Art to the expanding roster of artists at the Venice Biennale. Cody, 41, is a millennial at the forefront of an art form harking back millenniums — at once building on tradition and joyously venturing beyond it.
Persons: Melissa Cody, Man, Jaune Organizations: MoMA, São Paulo Museum of Art, Whitney Museum of American, Venice Biennale Locations: Brazil, Venice, Cody
He was a model to me of artistic labor and discipline, even if those early paintings were painfully amateurish. The painting followed me from Amherst to my first job in New York, and on to London and Delhi. IT WASN’T MY intention to start an essay about artistic beginnings with a story of artistic death. I’m especially moved by those first moments of validation by which an artist comes out to himself, as it were. It’s this, the inexorability of the correspondence between an artist and the world, that gives those first steps their magical quality.
Persons: Naipaul, Neil Shah, James Wood —, Zack, who’d, , Artemisia Gentileschi, Susanna, Elders ”, I’m, ” Gustave Flaubert, , ” Zack, it’s, Bruce Chatwin, Paul Gauguin, Salman Rushdie, Somerset Maugham, Kathryn Bigelow, Philip Glass, Arundhati Roy, Booker, Joseph Conrad, Conrad, Jacques, ” Conrad, brimming, , ’ ”, Clarice Lispector, Benjamin Moser, ” Lispector, Maugham, eludes, Jan van Kessel, Elder, — Pieter Bruegel, , Rebecca West —, “ Black Lamb, J.R, Hammond, Wells, Rebecca West ”, sloughed, Henrik Ibsen’s, Rosmersholm ”, Karan Mahajan, Salman Toor, what’s, ” Hemingway, Anoushka Shankar, Ravi Shankar, Harold Bloom, Ravi, Uday, René Daumal, Rasa ”, ” Anoushka, Norah Jones, Norah, I’ve, “ Raphael, Rachel Cusk, Italy ”, Perugino, Raphael, Cusk, J.M, Samuel Beckett, Gabriel García Márquez, Thomas Pynchon’s, James Joyce, Michelangelo, Leonardo da Vinci, Marcel Proust’s, Fyodor Dostoyevsky, Read, Emma Kehlbeck, Quinton Kamara Organizations: Amherst College, Elders, Fayerweather, , Google, Sunday Times, Somerset, Yugoslavia, The, , . Locations: Delhi, , Massachusetts, Italian, Topeka, Kan, Amherst, New York, London, Patagonia, New Delhi, Torrens, Cambridge, Polish, Ukrainian, Brazil, Flemish, Victorian England, “ H.G, Fairfield, United States, , East, Lahore, Europe, America, Texas, Side, Manhattan, India, Italy
Investors have been raking in income thanks to attractive yields in the U.S. bond market. Investing in global bond funds Individual investors can add exposure to foreign bonds through global bond funds. There are hedged funds, which hedge foreign currency exposure back to the U.S. dollar and therefore reduce currency risk. "It's good to be diversified because foreign bond exposure is a massive part of the global bond markets," Mulach said. Here are Morningstar's top picks for global bond exposure: The Pimco strategies keep the bulk of their non-U.S. currency exposure hedged back to the U.S. dollar.
Persons: Rick Rieder, Rieder, Collin Martin, Martin, It's, Mike Mulach, Mulach, Rick Rieder's, Darla Mercado Organizations: BlackRock, SEC, Investment, U.S ., European, European Central Bank, Federal, Schwab Center, Financial Research, Morningstar, U.S, Strategic Global Bond Fund, Investor, Morningstar . Dodge, Cox's Global Bond Fund Locations: U.S, Europe, BlackRock, Mexico, Brazil
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with the Brazilian central bank governorRoberto Campos Neto, governor of the Central Bank of Brazil, speaks to CNBC's Karen Tso at the IMF Spring Meetings in Washington, D.C.
Persons: Roberto Campos Neto, Karen Tso Organizations: Central Bank of Locations: Brazilian, Central Bank of Brazil, Washington ,
CNN —Police in Brazil have detained a woman suspected of wheeling a dead man, who she said was her uncle, to a bank to withdraw a four-figure loan. Footage of the woman’s encounter with the bank has sparked a nationwide discussion in Brazil after going viral on social media. But the elderly man in the video – filmed by a bank attendant – remains unresponsive. When paramedics arrived, they concluded that the man had been dead for a couple of hours and must have been dead when he arrived at the bank. Police say they are still trying to establish the relationship between the woman and the dead man.
Persons: , Fabio Luis Souza Organizations: CNN — Police, Itau Bank, CNN, de Janeiro Civil, Police, CNN Brasil, ” Authorities Locations: Brazil, Rio de Janeiro, de Janeiro
After a slow start to the year, several restaurant chains are due to emerge as the winners this earnings season, according to Jefferies. First of all, same-store sales only modestly recovered in March to around flat, while the key metric was down 4.5% in January and 0.6% in February, analyst Andy Barish wrote. He added customer traffic remains challenged as well, although this varies from restaurant brand to restaurant brand, while consumers have simultaneously grown more cautious about their spending. Jefferies believes that the restaurant chain's earnings per share will come in line, while same-store sales are more likely to have some upside. Barish sees first-quarter U.S. same-store sales and earnings per share estimates coming in line with analyst expectations, while EBITDA could surprise to the upside.
Persons: Andy Barish, Barish, BJ's, Jefferies, EBITDA, McDonald, — CNBC's Michael Bloom Organizations: Jefferies, Investors, BJ's Locations: California, CA, remodels, Brazil, McDonald's
UnitedHealth Group reported better-than-expected revenue in its first-quarter results on Tuesday, though the company is still dealing with the fallout from the cyberattack on its subsidiary Change Healthcare. UnitedHealth reported revenue growth of close to 9% from $91.9 billion in the same period last year. Direct response efforts, like UnitedHealth's effort to restore Change Healthcare platforms, amounted to an impact of 49 cents per share in the quarter. Business disruption costs, like lost Change Healthcare revenue, amounted to 25 cents per share. In 2022, Optum completed a $13 billion merger with Change Healthcare, which offers tools for payment and revenue cycle management.
Persons: UnitedHealth, Optum, Andrew, UnitedHealthcare Organizations: UnitedHealth Group, Healthcare, LSEG, Change, U.S Locations: LSEG, Brazil
Oil prices spiked Friday to levels not seen since October in anticipation of just such an escalation but on Monday were subdued. “It is the most significant chokepoint in the global oil market,” Richard Bronze, co-founder and analyst at data firm Energy Aspects, told CNN. A renewed crackdown would, however, “create upward pressure on global prices” at an inopportune moment, Tagliapietra said. A tight oil marketDespite Iran’s barrage of drones and missiles, the conflict had a relatively muted impact on the global oil market Monday. Oil prices have already risen sharply since hitting a low in early February.
Persons: London CNN —, Brent, Israel —, Simone Tagliapietra, ” Richard Bronze, Tagliapietra, Joe Biden’s, WTI, Russia — Organizations: London CNN, West Texas Intermediate, CNN, International Energy Agency, Hamas, Organization of, Petroleum, United Arab Emirates, Traders Locations: Israel, Iran, Syria, Paris, Gaza, Tehran, Hormuz ‘, Hormuz, Brussels, China, Strait, Saudi Arabia, Kuwait, United States, Ukraine, Washington, Damascus, OPEC, Russia, Brazil, Guyana, Canada
CNN —At least 20 severely decomposed bodies have been found in a boat off the coast of northeastern Brazil, officials say. The boat was found on the coast of Bragança, northeast of Pará, on April 13, the Brazilian Federal Public Ministry announced Sunday. Officials said at least 20 bodies had been found in the boat, but due to the decomposition of the remains it’s unknown how many died on the boat. The deceased are not thought to be from Brazil but possibly from the Caribbean, investigators told CNN Brasil. Police deploy at Vila do Castelo port in Braganca, Brazil, on April 14, after fishermen reported spotting a boat laden with decomposing corpses off the coast of Para state on Saturday.
Persons: Raimundo Pacco Organizations: CNN, Brazilian Federal Public Ministry, CNN Brasil, Local, Police Locations: Brazil, Bragança, Pará, Caribbean, Vila, Castelo, Braganca, Para
CNN —Coral reefs around the world are experiencing a mass bleaching event as the climate crisis drives record-breaking ocean heat, two scientific bodies announced Monday — with some experts warning this could become the worst bleaching period in recorded history. If ocean temperatures don’t return to normal, bleaching can lead to mass coral death, threatening the species and food chains that rely on them with collapse. Professor Ove Hoegh-Guldberg, a climate scientist specializing in coral reefs based at the University of Queensland in Australia, predicted this mass bleaching event months ago. In February, scientists at the Coral Reef Watch program at NOAA added three new alert levels to the coral bleaching alert maps, to enable scientists to assess the new scale of underwater warming. Bex Wright/CNNIn mid-February, CNN witnessed extensive coral bleaching on Australia’s Great Barrier Reef – the world’s largest coral reef system – on five different reefs spanning the northern and southern areas.
Persons: ” Derek Manzello, Ove Hoegh, , Guldberg, , Lillian Suwanrumpha, Niña, El, Manzello, ” Manzello, Lady Elliot, Bex Wright, Selina Stead, ” Stead, David Ritter Organizations: CNN, Atlantic, National Oceanic, Atmospheric Administration, Reef, Reef Watch, Pacific, University of Queensland, NOAA, Getty, Niña, Australian Institute of Marine Science, Park Authority, AIMS, UN, Greenpeace Locations: Pacific, Florida, Caribbean, Mexico, Brazil, Australia, Persian Gulf, Indonesia, Africa, Seychelles, Raja Ampat, Indonesia's West Papua, AFP, El, Lady, Greenpeace Australia
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