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Extraordinary circumstances have degraded 40% of global land iStockCertain places around the world are already experiencing this at an accelerated rate. And that’s just one state; at present rates, land degradation threatens half of the global GDP. The Economics of Land Degradation also estimated that each dollar invested into land restoration will return up to $30 in value. The threat of land degradation is a shared burden. And a decade after the Changwon Initiative was launched, it has successfully defined Land Degradation Neutrality, enabling 129 countries to align with its principles and work towards zero land degradation.
Persons: COP16 Organizations: United Nations Convention, UN, Changwon Initiative Locations: COP16, Riyadh, Saudi Arabia, Egypt, California, United States, Saharan Africa, Canada, Spain, United Kingdom, Sahel, Africa
Elvis Barukcic | Afp | Getty ImagesSpain's Deoleo, the world's largest olive oil producer, says one of the most challenging moments in the industry's history appears to be drawing to a close, with "liquid gold" prices expected to nearly halve from an all-time high over the coming months. Extra virgin olive oil prices in Spain's Andalusia stood at 6 euros ($6.33) per kilogram as of Nov. 6, according to Expana, an agricultural and food-focused market intelligence firm. Spain accounts for more than 40% of the world's olive oil production, making it a global reference for prices. A person holds a bottle of olive oil on June 21, 2024, in Barcelona, Catalonia, Spain. Deoleo said olive oil prices should fall to around 5 euros per liter, a steep drop from highs of 9 to 10 euros, which had become the norm in Spanish supermarkets this year.
Persons: Elvis Barukcic, Miguel Ángel Guzmán, Guzmán, Carbonell, Deoleo, Kyle Holland, Expana's Holland Organizations: Afp, Getty, CNBC, Europa Press, Anadolu Locations: Bosnian, Herzegovinian, Ljubuski, Capljina, Europe, Spain, Greece, Tunisia, Spain's Andalusia, Barcelona, Catalonia, Turkey, Menemen Plain, Izmir, Turkiye
Prices fall at the gas pumpAnnual food inflation is 'fairly tame'Frederic J. "What happens there can really move the dial when it comes to overall inflation and core inflation." CPI shelter inflation — which includes rental prices and an equivalent measure for homeowners — has gradually declined but remained stubbornly high. In September, shelter inflation throttled back on a monthly basis, to 0.2% from 0.5% in August. "Shelter inflation is now definitively moderating," Zandi said.
Persons: David Paul Morris, It's, Mark Zandi, Zandi, Sarah House, Frederic J, Brown, , That's, that's Organizations: Bloomberg, Getty, U.S . Bureau of Labor Statistics, Wells, Wells Fargo Economics, U.S . Federal Reserve, AFP, CPI Locations: Wells Fargo
The company previously launched an "Uber Green," service which has historically included a mix of battery electric vehicles, and hybrid electric models. Now, Uber can offer battery electric vehicles as the sole "green" option in more than 40 cities globally, executives said at Uber's annual Go Get Zero sustainability conference in London on Tuesday. "We need more affordable EVs, we need stronger EV mandates, we need incentives for people who are driving the most. For drivers, Uber said it is rolling out an "EV Mentor" program, which connects drivers for any questions about electric mobility. The deal will give Uber drivers the ability to access Octopus' "Intelligent Go" tariff to help them with EV charging costs.
Persons: Dara Khosrowshahi, Uber, Khosrowshahi, OpenAI's ChatGPT, Suvrat Dhanorkar, Gordon Burtch, it's, BYD, Rebecca Tinucci, Tinucci Organizations: Transportation, Clean Transportation, Transportation Science, Los Angeles, Organization for Economic Co, Development, Octopus Energy, EV, Uber Locations: London, New York City, Los, Paris, France
New York CNN —Fans of Whole Foods’ iconic Berry Chantilly Cake have been up in arms on social media over the past few weeks. Berry Chantilly fans say they were victims of skimpflation, a member of the shrinkflation and inflation family. Whole Foods customers were quick to catch on, and by Friday, the company announced it had reversed its changes. “Based on feedback from our customers, we will reintroduce single slices of the Berry Chantilly Cake that are the same as the classic our customers know and love,” a Whole Foods spokesperson told CNN on Friday. The cake slices will be back to their previous version by next week, the company said.
Persons: Berry, It’s, , Berry Chantilly, they’re, , ” Joseph Balagtas, Edgar Dworsky, ” Dworsky, Dworsky, Blommer, Balagtas, ” Balagtas Organizations: New, New York CNN, Foods, Purdue University, CNN, Louis Federal Reserve, Consumer, “ Manufacturers, St, Reuters, Companies Locations: New York, West Africa, North America
Now, trade economists say Trump's latest trade threat makes no sense. I love the company, but as you know, they've announced a few days ago that they're going to move a lot of their manufacturing business to Mexico," Trump said at Monday's event. AdvertisementJohn Deere is the latest company to face a threat of tariffs from Donald Trump. It's not the first time Trump has threatened companies and Trump's threat to impose large tariffs on imports also isn't new. Trump's tariff goals going into the next election go beyond his former policy on international imports.
Persons: , Donald Trump, John Deere, they've, Trump, Jonathan W, Coppess, Ian Sheldon, Sheldon, Gary Hufbauer, Hufbauer, Rick Wilking, he's, Trump's, we're, Nicole Bivens Collinson, Sandler, Travis, Rosenberg, Collinson, " Collinson, Kamala Harris Organizations: Service, Business, Fox Business, Republican, University of Illinois, Agricultural Marketing, Trade, The Ohio State University, Peterson Institute for International Economics Locations: Mexico, Smithton , Pennsylvania, Iowa, United States, University of Illinois Urbana, Champaign, Canada, North America, Central America, South America, Georgia, China
Four worries that should keep market bulls awake at night
  + stars: | 2024-09-23 | by ( Sean Conlon | ) www.cnbc.com   time to read: +2 min
Investors are still expressing signs of concern despite the stock market hitting all-time highs, according to Deutsche Bank. The S & P and the Dow weren't alone in their milestones. Gold prices also notched a new all-time high following the supersized Fed cut, crossing the $2,600 per ounce level on Friday. Allen also highlighted that traditional valuation metrics are "elevated" considering the "relentless" nature of the market in 2024. Year to date, the S & P has gained nearly 20%, and has risen in 24 of this year's 38 weeks, according to FactSet.
Persons: Dow, Henry Allen, Allen Organizations: Deutsche Bank, Federal Reserve, Dow Jones, Nasdaq, ECB Locations: Ukraine
$ 5.34 $ 5.34 Estimated Environmental cost + $ 22.02 Say a pound of beef costs $5.34 at your local supermarket. The Hidden Environmental Costs of Food Damage to the natural world isn’t factored into the price of food. The proponents of true cost accounting don’t propose raising food prices across the board, but they say that increased awareness of the hidden environmental cost of food could change behavior. (True cost accounting also typically includes things like labor rights and dietary health, but here we’re focusing on environmental costs.) Large disparities between the retail price of food and its environmental costs are found in the proteins many of us eat every day.
Persons: True Price, , Claire van den Broek, “ They’re, Alexander Müller, True, , Scott Swinton, Roger Cryan, Mario Herrero, chickpeas Organizations: United Nations, Rockefeller Foundation, True, Sustainability, Michigan State University, American Farm Bureau Federation, New, Cornell University, Price, Beef, Oxford University, , U.S . Department of Agriculture, Mountain, United Nations Food, Agriculture Organization Locations: Dutch, United States, Berlin, New York State, Denmark, Walmart.com, U.S, North America, Europe, Brazil, India, Netherlands, Germany
More than halfway through the third quarter, many of the biggest commodity ETFs in the United States are in sizable holes. Kathy Kriskey, senior commodities ETF strategist at Invesco, said that oil supply is actually tight at the moment. The commodities slump could be partially due to mechanical factors in the market, such as low trading volumes combined with large commodity trading advisors betting against the sector, Kriskey said. "The price of corn has taken almost three full years from those 2022 spike highs to get back down. And oil, one of the biggest weights in commodity indexes, could see stepped up supply in coming months.
Persons: It's, Ryan Grabinski, Strategas, Kathy Kriskey, Kriskey, Sal Gilbertie, We're, Gilbertie, What's, Jerome Powell, Goldman Sachs, Morgan Stanley, Matijn, — CNBC's Michael Bloom Organizations: Strategy, United States Oil Fund, U.S ., Commodities, 4Q, DB Base Metals Fund Locations: United States, Ukraine, U.S, China
Hens blush when excited or scared, study finds
  + stars: | 2024-07-25 | by ( Issy Ronald | ) edition.cnn.com   time to read: +3 min
To understand how hens visibly express emotion, researchers spent four weeks on a French farm observing 17 hens of two different breeds, Bertin said, filming their routine behaviors and their reactions to different stimuli. Researchers observed 17 hens on a French farm. INRAE Arnould BertinTo make their more general conclusions, researchers extracted images from every two seconds of film and selected ones that featured the hen in profile to best study them. Although researchers weren’t able to explain the mechanism by which hens blush in this study, they concluded that the cheeks and ear lobes were more revealing of the birds’ emotions than their comb or wattles. Building on the results of this study, Bertin hopes to investigate whether these displays of emotion are linked to the hens’ social interactions, as well the implications for animal welfare.
Persons: CNN — Blushing, Charles Darwin, Aline Bertin, Bertin’s, ” Bertin, Bertin, , INRAE Arnould Bertin Organizations: CNN, National Institute of Agricultural Research, University of Tours
"As they continue to annually increase their minimum wages, the number of low-wage workers does go down," says Henderson. Similarly, many states hiked their tipped minimum wages — or did away with a tipped minimum altogether. 53% of tipped wage workers earn less than $17 per hourAll that said, there are still nearly 40 million workers making less than $17 per hour. Nationwide, more than half, 53% of tipped wage workers earn less than $17 per hour, according to the report. A third, 33% of Latin or Hispanic workers and 32% of Black workers earn less than $17 per hour, compared to 21% of white workers, according to the report.
Persons: Kaitlyn Henderson, Henderson, Workers aren't, Judy Conti Organizations: Federal, Health, Education, Labor, Pensions, " Workers, Oxfam, Workers, Institute, National Employment Law, Bureau, National Women's Law, BLS, Agriculture, National Center, Farmworker Health, Census Bureau Locations: New York City, Washington, Maine, Oregon, EPI, Mississippi, Oklahoma, Louisiana, Kentucky, Texas, North Carolina, Mexico, West Virginia
Satnam Singh, a 31-year-old farm worker, was left on the street Monday after losing his right arm while working at a farm near Latina, which is southeast of Rome, CNN’s affiliate SkyTG24 reported. His arm was reportedly severed by a plastic wrapping machine on the farm. Singh was then loaded into a van and abandoned near his home, while his severed arm was left in a vegetable collection box, RAI reported. CNN has reached out to De Falco and to Lovato’s lawyers for comment, as well as to the Indian government. Italy Prime Minister Giorgia Meloni expressed her condolences and strongly condemned Singh’s death at Thursday’s cabinet meeting.
Persons: Satnam Singh, Singh, Antonello Lovato –, Giuseppe De Falco, De Falco, Lovato’s, Renzo Lovato, , Valerio Righi, Antonello Lovato “, Righi, Giorgia Meloni, , Marina Elvira Calderone, Francesco Lollobrigida, ” Calderone, Italy’s, Maria Grazia Gabrielli, Gabrielli, Maurizio Falco Organizations: CNN, SkyTG24, RAI, Reuters, Italian Labor, FLAI Locations: Italy, Latina, Lazio, Rome, San Camillo
While a growing body of research shows decreases in many insect populations, it has been hard for scientists to disentangle the possible causes. Are insects suffering from habitat loss as natural areas are plowed and paved? The latest insight comes from a study on butterflies in the Midwest, published on Thursday in the journal PLOS ONE. Especially detrimental, the researchers found, was a class of widely used insecticides called neonicotinoids that are absorbed into the tissues of plants. “It’s a story about unintended consequences,” said Scott Swinton, a professor of agricultural economics at Michigan State University and one of the study’s authors.
Persons: , Scott Swinton Organizations: Michigan State University
It’s just purchasing property,” Bian, who is originally form Nanjing, China, said. Bian and other Florida residents told CNN that the rules have fostered uneasiness and confusion among ethnic Chinese people living in the state. Some say the law has damaged their businesses, while others say they are considering abandoning Florida altogether. Ever since Florida Senate Bill 264 went into effect on July 1, 2023, Chinese citizens without green cards face a felony charge and possible prison time if they purchase property in the state. For Chinese citizens without the permanent right to live in the US, specifically, the law goes a step further, barring the group from purchasing any property in the state.
Persons: CNN —, Jin Bian, Bian, , Ron DeSantis, isn’t, Bill 264, Sellers, , Echo King, ” DeSantis, Clay Zhu, ” Zhu, Susan Li, Li, TikTok, Glenn Youngkin, Teresa Jin, ” Jin Organizations: CNN, Echo, Florida Asian American Justice Alliance, United, Chinese Communist Party, CCP, American Civil Liberties Union, US, US Department of Agriculture, Virginia Republican Locations: Tampa , Florida, Nanjing, China, Florida, Russia, Iran, North Korea, Cuba, Venezuela, Syria, “ Florida, United States, People’s Republic of China, Orlando , Florida, Montana, Virginia, California
Out west, Denes hopes to plant seeds of community with the help of the project’s host, Tinworks, an arts organization in the rapidly developing city of Bozeman. “Wheat is wonderful — it sustains humanity and is probably the most planted food next to rice. Jenny Moore/TinworksSome 200 packets of wheat were also distributed among Bozeman residents to grow concurrently with Denes' field. “Can you imagine if I could have realized 20 or 30?”Sowing seeds for changeAs with “Wheatfield,” seeds have often served as potent symbols for Denes. Courtesy Agnes Denes/Leslie Tonkonow Artworks + ProjectsWith “Wheatfield – An Inspiration,” like with all her work, Denes strives for nuance and to engender change through visitors and participants who take something meaningful from the work.
Persons: Agnes Denes, , CNN —, Denes, Bozeman . Wheat, ” Denes, , Blair, Jenny Moore, Tinworks, Kenny Van Dyke, , ” Moore, Agnes, Moore, I’d, it’s, Leslie Tonkonow, Organizations: CNN, Art Basel, Bozeman ., Bozeman, Tinworks, Montana, Locations: Lower Manhattan, Montana, Wheatfield, Budapest, New York, Battery Park City, Milan, Switzerland, Bozeman, Montana State, Ylojarvi, Finland, , Sullivan County , New York, Lewiston, Niagara, Long Island , New York, Kassel, Germany, Istanbul, Egypt, Queens , New York, “ Wheatfield
Jeff Bezos's space colonies would look like cylindersAn artist's concept of an O'Neill space colony, which could theoretically emulate Earth-like living conditions in space. O'Neill space colonies would be large enough to host entire cities, 10,000-foot-tall mountains, and millions of people. AdvertisementBezos isn't suggesting that people will be living in O'Neill space colonies by the end of the century. AdvertisementSaving Earth would be far easier than building Bezos' space colonies, he told BI. Even if we never make it to space colonies, the work of researchers studying extraterrestrial colonization could benefit us here on Earth.
Persons: , Jeff Bezos, podcaster Lex Fridman, Bezos, Fridman, astrobiologists —, Jeff Bezos's, O'Neill, Gerard K, Anthony Longman, Longman, Rebeca Gonçalves, Adam Watkins, we've, Watkins, you've, We've, Martin Rees, Gonçalves, Rees Organizations: Service, Business, Elon, SpaceX, European Space Agency, NASA, University of Nottingham, United, Royal Locations: Antonio , TX, O'Neill
“For every major cause of death we looked at, there was a lower risk in people with better adherence to the planetary health diet,” Willett said. The planetary diet asks you to fill half your plate at each meal with fruits and vegetables. All the people were enrolled in long-term government studies — the Nurses’ Health Study I and II and the Health Professionals Follow-Up Study — and had no major diseases when the research began. While other studies have looked at the impact of the planetary health diet, none has matched the scope of this study, Willett said. “The findings show just how linked human and planetary health are.
Persons: , David Katz, Katz, what’s, Walter Willett, ” Willett, Lew Robertson, Willett Organizations: CNN, True Health Initiative, UN, Harvard, of Public Health, Lancet, American, Clinical Nutrition, Nurses, Health Locations: Chan, Boston
This time, officials were unveiling plaques designating the former Rio Vista Bracero Reception Center in Socorro, Texas, as a National Historic Landmark. While the bracero program provided a legal pathway for guest workers, crackdowns on illegal immigration were also common during that period. Why Rio Vista is so significant – and rareThe Rio Vista site, a key hub for the program, is about a 30-minute drive from El Paso, Texas. Before its role in the bracero program, the area known as Rio Vista Farm was a poor farm and an orphanage. All of this went through Corral’s mind as he revisited Rio Vista on May 11.
Persons: Sebastian Corral’s, they’d, , you’d, ” Corral, Lee G, Williams, Yolanda Chávez Leyva, it’s, ” Leyva, Sebastian Corral, , Leyva, who’s, Blanca McCreary, ” McCreary, Department of Homeland Security Leyva, Corral, , Sehila Mota Casper, They’ve, ” Mota Casper, Kip Malone, Mota Casper, ” Victor Reta, he’s, he’d, Maria, He’d, Reagan Organizations: CNN, Corral, Historic Landmark, Mexican Farm Worker, Library, Department of Homeland, Dallas Morning News, Department of Labor, University of Texas, Rio Vista, ” Patrol, National Trust for Historic Preservation, US Public Health Service, Heritage, Locations: Vado , New Mexico, America, Rio, Socorro , Texas, Mexico, Hidalgo , Texas, El Paso, Rio Vista, El Paso , Texas, South Texas, Socorro, Leyva, United States, Delicias, New Mexico, , New Mexico , Colorado , Wyoming, Texas, Mexican, Los Angeles, California
CNN —Fifty people were killed and dozens are missing after heavy rains and flooding in Afghanistan’s province of Ghor on Friday, according to the Afghan Ministry of Refugees. The Ministry said in a post on X on Saturday that 2,000 homes had been completely destroyed and up to 4,000 partially destroyed by recent flooding. Hundreds of people have been killed by flash flooding in Afghanistan over the past several weeks, according to the UN. Areas in northern Afghanistan have been ravaged by the heavy floods, including the provinces of Ghor, Badakhshan, Baghlan, and Herat. In April, unseasonal rainfall and floods killed more than 100 people in Afghanistan and Pakistan, according to authorities.
Persons: Zabihullah Mojahid, Zabihullah Mujahid Organizations: CNN, Afghan Ministry of Refugees, UN Locations: Afghanistan’s province, Ghor, Afghanistan, Badakhshan, Baghlan, Herat, Pakistan
Remainings of houses damaged by the flood are pictured in Firozkoh the capital city of Ghor Province, Afghanistan, May 18, 2024. REUTERS/StringerFlash floods from heavy seasonal rains have killed at least 68 people in Afghanistan, Taliban officials said Saturday, adding the death toll was based on preliminary reports. Afghanistan has been witnessing unusually heavy seasonal rains. In the hard-hit western province of Ghor, 50 people were reported dead, said Abdul Wahid Hamas, spokesman for the provincial governor. The U.N. food agency posted on social media platform X, saying Ghor was the most affected by the floods where 2500 families were impacted.
Persons: Abdul Wahid Hamas, Feroz Koh, Esmatullah Moradi, Ghor Organizations: REUTERS, Stringer, WFP, World Food Organization Locations: Ghor Province, Afghanistan, Ghor, Farayab, Baghlan, Farah, Herat, Zabul, Kandahar
The company said it now expects net income of roughly $7 billion, down from a range of $7 billion to $7.5 billion. Walmart — Shares rallied nearly 6% after the company reported adjusted first-quarter earnings of 60 cents per share, topping the 52 cents expected from analysts polled by LSEG. Chubb — Shares of the insurance company advanced nearly 4% after Warren Buffett's Berkshire Hathaway revealed Chubb was the confidential stock the conglomerate had been purchasing for two straight quarters. Berkshire bought nearly 26 million shares for about $6.7 billion, making it the second-largest holder in Chubb, according to a regulatory filing. GameStop , AMC — The meme stocks retreated for a second day following a speculative rally in the beginning of the week.
Persons: Chubb, Warren Buffett's Berkshire Hathaway, Goose, GoodRx, Raymond James, Samantha Subin, Alex Harring, Yun Li, Pia Singh Organizations: European Union, Facebook, Deere — Deere, Walmart —, LSEG, Revenue, Walmart, Berkshire, GameStop, AMC, UBS, AIG, Nippon Life Locations: Corebridge
Halved oil palm kernels are seen on the trade floor of a commodities conference and exhibition in Kuala Lumpur. “Orangutan diplomacy will not solve Malaysia’s deforestation crisis,” Heng Kiah Chun, a regional campaign strategist for Greenpeace Southeast Asia, told CNN. By 2012, their numbers had dropped by almost two-thirds, to 104,700 and the decline has continued,” the WWF report said. Therefore it is crucial that all remaining orangutan habitats are conserved,” WWF Malaysia told CNN in a statement. “Orangutan conservation is best achieved by ensuring the protection and conservation of their natural habitats – and that no further forest conversion into palm oil plantations is allowed.”
Persons: , Johari Abdul Ghani, ” Ghani, Tengku Bahar, ” Stuart Pimm, Pimm, Ghani, ” Heng Kiah Chun Organizations: CNN, Getty, Duke University, Malaysia’s Ministry of, Commodities, Chengdu Research Base, Visual China, Malaysian, World Wildlife Fund, WWF, Rimba, Greenpeace Southeast, CNN Conservation, WWF Malaysia Locations: China, Australia, Malaysia, Asia, Indonesia, Kuala Lumpur, Beijing, Malaysian, EU, India, Tengku, AFP, South Carolina, Greenpeace Southeast Asia, WWF Malaysia, Borneo, Brunei,
New York CNN —It’s a moment many shoppers grapple with at some point during a grocery run: Why does a carton of brown eggs cost more than a carton of white eggs? “It costs more to make a dozen brown eggs because the chickens that produce them tend to eat more.”Egg farmers say brown and white eggs are closely matched in their nutritional value. “If there’s brown eggs next to white eggs, typically you’re going to pay anywhere between 10% to 20% more for brown eggs, regardless of free range or organic,” he said. Brown eggs generally cost more in stores than white eggs. Looking specifically at the economics of producing brown eggs versus conventional white eggs, Anderson confirmed it does indeed cost more to produce the brown variety.
Persons: New York CNN —, It’s, , Daniel Brey, Brey, ” Brey, Edmund McNamara Edmund McNamara, Rose, Joan Frank, , ” Frank, McNamara, Phil Lempert, David Anderson, ” Anderson, Brown, Edmund McNamara, they’ve, Anderson Organizations: New, New York CNN, Rhode Island Reds, United States Department of Agriculture, University of California, David Department of Nutrition, Texas, M University Locations: New York, Jeffersonville , New York, Norwich , NY, New York’s Westchester County
What if plants could talk to farmers and tell them when they're distressed? That would not only help the plants but also reduce the amount of agricultural waste that threatens the planet's health. Now companies like SatAgro, Climate FieldView, and a California-based startup called InnerPlant are working to reduce agricultural waste. From that signal, farmers know what to treat, meaning they don't waste money on chemicals, which are over-applied by up to 30%, Aronov said. In addition to Bison Ventures, InnerPlant is backed by John Deere, MS&AD Ventures, UpWest VC and Bee Partners.
Persons: Shely Aronov, Aronov, InnerPlant, Tom Biegala, John Deere, Lisa Rizzolo Organizations: Environmental Protection Agency, National Institute of Food, Agriculture, Bison Ventures, InnerPlant, AD Ventures, UpWest, Bee Partners, CNBC Locations: California, North America, South America
Picture Alliance | Picture Alliance | Getty ImagesBird flu fears are driving up egg prices again. After having subsided for most of 2023, a recent resurgence of avian influenza in poultry facilities across the U.S., Japan and other nations have caused prices of eggs to jump again. The virus, commonly referred to as bird flu, is extremely contagious and lethal among birds, has been detected in dairy herds in recent days. In the U.S., more than 14 million egg-laying chickens died in November and December as a result of avian flu. We have had record high beef, pork and chicken retail prices so eggs can be a substitute, meaning that egg prices would increase.
Persons: David Anderson, M University Julian Stratenschulte Organizations: Getty, of Agricultural Economics, Texas, M University, U.S . Department of Agriculture Locations: U.S, Japan
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