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☆ China's tanking economy is costing major US companies and could throw cold water on America's economic boom
▼ + stars: | 2023-08-17 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +5 min

China's slowing economy is chipping away at some American companies' revenues. China's July economic report didn't mention youth-unemployment statistics after it soared to 21.3% in the second quarter, citing economic and social changes. While Chinese manufacturing and construction are struggling to recover, some American companies with strong ties to China are also feeling the effects. Dow's rival DuPont also reported a drop in China sales from existing operations, a 14% year-over-year fall. To be sure, some American companies have performed well in China over the past few months.

Persons: Gamble, Stephen Williamson, Danaher, Rainer Blair, Howard Ungerleider, Edward Breen, Marriott Organizations: DuPont, Danaher, Procter, Service, Citigroup, Intel, Toyota, Nissan, Apple, Starbucks, Street Journal, Monetary Fund Locations: China, Wall, Silicon, American, Ohio, Greater China, Beijing

☆ The Brooklyn landlord everyone hates could soon come to your neighborhood. Tenants warn these private equity groups are raising rent and ignoring maintenance issues.
▼ + stars: | 2023-08-16 | by ( Eliza Relman | ) www.businessinsider.com time to read: +4 min

Private equity firms have bought up hundreds of smaller apartment buildings in trendy New York neighborhoods. Private equity firms own a very small, but growing, fraction of American real estate. Some argue that private equity, hedge funds, and other institutional investors are a convenient target and are being unfairly blamed for the nation's worsening housing affordability crisis. The recent increase in private equity purchases, particularly of single-family homes, has drawn scrutiny, including from Congress, over the last few years. Democrats also couldn't reach agreement on measures that would have boosted tenant protections, including rent stabilization and eviction protections.

Persons: Kathy Hochul's, Hochul Organizations: Service, Carlyle Group, The New York Times, Conway Capital, Peak Capital Advisors, Times, Institutional, New York Gov, Democrats Locations: New York, Brooklyn, Wall, Silicon, gentrifying, Queens, Bushwick, Bedford, Stuyvesant, Williamsburg, Ridgewood , Queens, York City, Brooklyn's Gowanus

☆ U.S. home builder confidence falls for the first time in 2023
▼ + stars: | 2023-08-15 | by ( Safiyah Riddle | ) www.reuters.com time to read: +2 min

REUTERS/Mike Blake/File PhotoAug 15 (Reuters) - U.S. home builder confidence weakened in August for the first time this year, according to a report released Tuesday, as record-breaking mortgage rates and still-high housing prices discouraged prospective buyers. The National Association of Home Builders/Wells Fargo Housing Market Index retreated to 50 in August from a 13-month peak of 56 in July. Builder confidence was largely undermined by a drop in prospective buyer traffic, which fell to 34 in Augustfrom a year-long high of 40 in July. Economists polled by Reuters expected builder confidence to remain unchanged at 56. Many current home owners are locked into low mortgage rates, and have been reluctant to put existing homes on the market amidst expensive financing options.

Persons: Mike Blake, ”, Robert Dietz, Safiyah Riddle, Chizu Organizations: KB, REUTERS, National Association of Home Builders, Market, Reuters, Federal, U.S, Thomson Locations: Valley Center , California, U.S, Wells Fargo

☆ This strange trend on TikTok could help bolster live-stream shopping
▼ + stars: | 2023-08-15 | by ( Grace Mayer | ) www.businessinsider.com time to read: +2 min

A strange trend has emerged on TikTok: creators are acting as video game characters over live streams. The popularity of these live streams could have implications for TikTok's live stream shopping ambitions. While the trend manifested organically from TikTok creators, it could have implications for live-stream shopping in the US, Bloomberg reported. For retailers, TikTok live streams could be a goldmine. Read more about the TikTok live streaming trend Bloomberg reported on here.

Persons: TikTok, Instagram, YouTube hasn't, TikToker, Read Organizations: Service, Bloomberg, YouTube Locations: Wall, Silicon, TikTok

☆ DeSantis says he would ban TikTok because of China threat
▼ + stars: | 2023-08-14 | by ( Ari Levy | ) www.cnbc.com time to read: +1 min

Ron DeSantis told CNBC that he would likely ban TikTok if given the opportunity because the social media app is owned by a Chinese company. DeSantis, who trails Donald Trump in the race to become the 2024 Republican presidential nominee, was broadly critical of U.S. policy toward China in the interview. "There's a reason why stuff has been outsourced to China, because it can be done cheaper and people can make more money," DeSantis said. More recently, Congress introduced new bills earlier this year that would allow the Biden administration to ban TikTok. DeSantis referred to the bills as "too heavy-handed," claiming they would "invade peoples' privacy," but he said he would still probably support a ban.

Persons: Ron DeSantis, DeSantis, CNBC's Brian Sullivan, Donald Trump, TikTok, Trump, Biden, They've Organizations: Florida Gov, CNBC, Republican Locations: Florida, China, U.S, Washington, United States

REUTERS/Brendan McDermid//File PhotoSummaryCompanies US-listed China stocks fall as stimulus measures disappointFutures mixed: Dow up 0.02%, S&P down 0.06%, Nasdaq down 0.16%Aug 11 (Reuters) - U.S. stock index futures were subdued on Friday as investors awaited producer prices data that could offer more clarity on the Federal Reserve's rate hike path. Investors are now focused on the producer prices data due at 8:30 a.m ET that will offer more insight into inflation in the world's largest economy. U.S. Labor Department's producer price index (PPI) for final demand, is expected to rise 0.2% in July, after growing 0.1% in June. "This (PPI) data set is something of a crystal ball for consumer price inflation; when producers charge more for goods the higher costs are usually passed on to households." "Higher yields incentivize investors to park their cash in the safety of bonds, and therefore decreases demand for risky plays like equities."

Persons: Brendan McDermid, Russ Mould, AJ Bell, Marios Hadjikyriacos, Bansari Mayur Kamdar, Johann M, Vinay Dwivedi Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Benchmark, Labor, PPI, Dow e, Nvidia, Treasury, XM, Thomson Locations: New York City, U.S, China, JD.com, Bengaluru

☆ 'Zombie' offices could turn into 400,000 new apartments for families. That's almost double the number of new US units in a typical year.
▼ + stars: | 2023-08-07 | by ( Eliza Relman | Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

The rise of remote work, high interest rates, and climate regulations all pose problems for office buildings. A new study found that more than 2,000 US office buildings could be converted into up to 400,000 apartments. And new environmental regulations require that buildings meet certain energy efficiency standards that can require costly renovations. Turning office buildings into apartments isn't a new concept, and it's one that New York City has embraced in theory. Of course, office buildings require some retrofitting to be turned from sprawling workplaces to livable apartments.

Persons: Arpit Gupta, Candy Martinez, Stijn Van Nieuwerburgh, Insider's Jordan Hart Organizations: Service, National Bureau of Economic Research, Los, New York City, jkaplan Locations: Wall, Silicon, Greater New York City, San Francisco, Los Angeles, New York City, New York

☆ Austin is copying Houston's playbook for making housing more affordable
▼ + stars: | 2023-08-06 | by ( Eliza Relman | ) www.businessinsider.com time to read: +6 min

Demand for housing in Austin, Texas has outstripped even its relatively rapid housing production. Austin's upzoning measures are designed to incentivize "gentle density" — also known as infill housing or missing-middle housing. And even if you don't care about housing policy, you are feeling this in a very intimate way." Aerial view of neighborhood outside of Austin Texas. Most recently, Dallas city Council member Chad West is leading the charge to consider cutting minimum lot sizes in his city.

Persons: Austin, Jenny Schuetz, They've, Schuetz, Emily Hamilton, Nicole Nabulsi Nosek, Greg Anderson, there's, Joe Sohm, Anderson, Nosek, Chad West Organizations: Service, Apple, Brookings Institute, George Mason University, Reasonable, Austin Habitat, Humanity, Chad Locations: Austin , Texas, Texas, Wall, Silicon, Austin, Houston, Austin Texas, California, Dallas

☆ That's one way to draw people back to the office: Google hotel reportedly touts $99 special to 'make it easier for Googlers to transition to the hybrid workplace'
▼ + stars: | 2023-08-05 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Google is offering staff a promotion to stay at its on-campus hotel for $99 a night, CNBC reported. The promotion said it would "make it easier for Googlers to transition to the hybrid workplace," CNBC reported. The Google promotion said it would "make it easier for Googlers to transition to the hybrid workplace," CNBC reported. Though, workers will be expected to pay for the hotel stay out-of-pocket as it will not be considered refundable business travel, the publication said. The promotion appears to be one of several steps Google has taken to bring more remote workers back into the office.

Persons: Ryan Lamont, Googlers, it's, pushback, Insider's Hugh Langley Organizations: Google, CNBC, Staff, Morning Locations: Francisco, Mountain View , California, San Francisco

Darya Komarova | Moment | Getty Images'The dots need to be connected for consumers'Exposure to our older selves is only part of the process of making decisions for retirement, experts say. While the TikTok filter has recently made it popular to look at our future selves, this type of application has been around since the early 2000s, said Joseph Coughlin, director of the Massachusetts Institute of Technology AgeLab. Once people see an image of their older selves, they tend to feel differently about their future decisions. Successful, lasting behavioral changes typically come with incentives to work toward, such as saving money or exercising, Coughlin said. Pairing the videos with prompts to save more money or invest more toward retirement may be effective, according to UCLA's Hershfield.

Persons: Darya, Joseph Coughlin, Coughlin, UCLA's Hershfield, Hershfield, Victor Ricciardi, Ricciardi, Carolyn McClanahan, Drazen Zigic Organizations: Massachusetts Institute of Technology AgeLab, Ursinus College, Behavioral Finance, Planning Partners, CNBC FA, Istock, Getty Locations: Jacksonville , Florida

☆ Dianne Feinstein has surrendered decision-making on legal matters to her daughter, but the 90-year-old is still one of the most powerful lawmakers in the country
▼ + stars: | 2023-08-03 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

Dianne Feinstein has reportedly granted her daughter power of attorney over her legal affairs. It's unclear the extent to which Feinstein's agreement extends. The New York Times reported Thursday that Feinstein has granted power of attorney to Katherine Feinstein, a former San Francisco judge, over her legal affairs. During a recent Senate Appropriations Committee hearing, Feinstein appeared confused during a roll call vote. Feinstein also serves on the powerful Senate Appropriations Committee.

Persons: Dianne Feinstein, Democratic Sen, Katherine, Feinstein, Katherine Feinstein, It's, Bryan Metzger, Sen, Patty Murray, Amy Coney Barrett's Organizations: Senate, Service, Privacy, Democratic, New York Times, GOP, Committee, Intelligence, CIA, NSA, Senate Armed Services Committee, panel's, Water, Army Corps of Engineers Locations: Wall, Silicon, San Francisco

☆ Death by LLM: Stack Overflow's decline, and its plan to survive, shows the future of free online data in an AI world
▼ + stars: | 2023-08-03 | by ( Alistair Barr | Adam Rogers | ) www.businessinsider.com time to read: +12 min

Some AI models that compete against Stack Overflow were partly trained on the company's data. Online communities, like Stack Overflow and Wikipedia, thrived as hubs for experts and curious browsers to come together and share information freely. In 2021, Prosus, a major backer of Chinese tech giant Tencent, bought Stack Overflow for $1.8 billion. However, Nat Friedman, the CEO of Github through 2021, expects tech companies to pay for training data in the future. Stack Overflow is also working on new ways to measure the impact of a human's answer on the platform.

Persons: Prashanth Chandrasekar, OpenAI, Chandrasekar, coders, OpenAI's GPT, Stack, Elon Musk, Andreessen Horowitz, Sam Altman, JASON REDMOND, Jaap Arriens, GitHub, it's, chatGPT, Nasim Uddin, we're, Nat Friedman, Nat Friedman GitHub Friedman, Friedman, Axel Springer, Semafor, Prashanth Organizations: Union Square Ventures, Getty, Twitter, Publishers, Microsoft, Associated Press Locations: GPT, Prosus, AFP

☆ California could pay homeowners $40,000 to build a tiny home in their backyards. It's 'vital,' for increasing the housing supply in the state, one expert said.
▼ + stars: | 2023-08-02 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +3 min

California set aside $50 million in the state budget for homeowners building backyard homes. The cash plays a "vital," part of the state's ability to increase housing supply, one expert said. The state is short 2 million homes, and many experts think ADUs can ease the issue. Through that previous program, homeowners received grants of up to $40,000 to develop at least one additional housing unit on their property. ADU financing is hard to findNearly 20% of all homes built in California are ADUs, according to data from the state's department of housing.

Persons: Gavin Newsom, Muhammad Alameldin, CalHFA, Alameldin Organizations: Service, Gov, University of California, Berkeley Terner Center, Housing Innovation, Los Angeles Times Locations: California, Wall, Silicon

REUTERS/Steve Marcus/File photoAug 2 (Reuters) - Refining rare earths for the green energy transition is hard. "The (rare earths) commissioning process is painstaking, with stops and starts," Jim Litinsky, MP's CEO and largest shareholder, told investors in May. Rare earths magnets turn power into motion and are the essential components in an electric vehicle's motor. Rare earths refining "is not really being addressed even by those who are developing magnet capacity," said Ryan Castilloux, a minerals consultant at Adamas Intelligence. American Rare Earths is working with U.S. government scientists at the Lawrence Livermore Laboratory to develop bacteria that could process rare earths.

Persons: Steve Marcus, Lockheed Martin's, Lynas, Jim Litinsky, Kray Luxbacker, they've, Allan Walton, Ryan Castilloux, Castilloux, refines, Dysprosium, Tesla, Melissa Sanderson, Nathan Picarsic, Ernest Scheyder, Eric Onstad, Nick Carey, Melanie Burton, Veronica Brown, Susan Heavey Organizations: REUTERS, Lockheed, International Energy Agency, General Motors, University of, University of Birmingham, Adamas Intelligence, Trump, Reuters, Pentagon, Blue, Benchmark Mineral Intelligence, Edge, Sweden's, U.S, Lawrence Livermore Laboratory, Horizon Advisory, Thomson Locations: Pass , California, U.S, China, Apple's, Beijing, Texas, Western Australia, COVID, California, Myanmar, Vietnam, Malaysia, Australia, Kuala Lumpur, United States, San Antonio , Texas, Sweden, South Africa, Karr

☆ Elon Musk needs to be ruthless if he's going to transform X into a killer app. Here's what he should do, according to a Fortune 500 project management expert.
▼ + stars: | 2023-08-02 | by ( Dr. Te Wu | ) www.businessinsider.com time to read: +8 min

Dr. Te Wu is the CEO and CPO of PMO Advisory, a project management training and consulting firm. From a project management perspective, here are the top five actions I would undertake to make this latest transformation successful. Business transformation is more of an art than a science, and building new product features can be extraordinarily difficult. Dr. Te Wu is CEO and CPO of PMO Advisory, a project management training and consulting firm for companies, including Global 500 and nonprofit organizations. He is an associate professor at Montclair State University and chair of the Project Management Institute's Portfolio Management Standard Committee.

Persons: Te Wu, Wu, It's, Elon Musk, I've, Musk, Linda Yaccarino, WeChat, Meta, OpenAI's, Slack Organizations: PMO, Twitter, Morning, SpaceX, Fortune, Swiss Army, China Europe International Business School, Elon, New York's Transit Authority, Facebook, Microsoft, Montclair State University, Project Management Institute's Locations: New, China

☆ Employees Are Secretly Using ChatGPT to Get Ahead at Work
▼ + stars: | 2023-08-01 | by ( Aki Ito | ) www.businessinsider.com time to read: +11 min

And he's kept right on using Bing to do his job even after his company issued a policy barring the staff from using AI. Those secretly using AI on the job — experts call it "shadow IT" — appear to be legion. Luke doesn't know whether his employer is OK with him using ChatGPT, since it hasn't issued an official policy, and he's not about to ask. Even when employers block access to AI tools at work, employees are pulling up apps like ChatGPT on their personal devices. By failing to create clear guidance on AI, companies are effectively empowering the covert users at the expense of everyone else.

Persons: Blake doesn't, Blake, Bing, hasn't, he's, ChatGPT, Blake —, Bard, Fishbowl, Ethan Mollick, they've, Gartner, Eser Rizaoglu, Alex Alonso, We're, Roberto, I'm, Roberto hasn't, Luke, —, Luke doesn't, He's, Jaap Arriens, they're, GPT, Wharton, Roberto aren't, they'll, Aki Ito Organizations: Wharton School, Gartner, Employers, Employees, Bing Locations: America

☆ Opinion: American women have an alcohol problem. It’s critical to understand why
▼ + stars: | 2023-08-01 | by ( Opinion Jill Filipovic | ) edition.cnn.com time to read: +8 min

CNN —American women have a problem with booze. The messaging around women and drinking has reflected women’s shift toward the dysfunctional, which may then create a vicious cycle as more women see problem drinking cast as cheeky, fun or normal. And more women may now be paying the price for this normalization of alcohol abuse. I suspect many of them are turning to alcohol as one way to dull the painful reality of isolation. None of that will end alcohol abuse, which has been a centuries-long problem.

Persons: Jill Filipovic, —, White, ”, they’re, we’re Organizations: Twitter, CNN, American Medical Association, White Locations: New York, prurient, America, Europe

ROCHESTER, New Hampshire, July 31 (Reuters) - U.S. Republican presidential candidate Ron DeSantis took an aggressive swipe at China, railed against what he described as corporate bailouts, and said he would rein in the Federal Reserve in an economic policy speech on Monday. DeSantis was particularly harsh on China and the technology sector which he accused of enriching the East Asian nation to the detriment of Americans. The U.S. Senate voted in 2000 to grant the status to China as it prepared to join the World Trade Organization. "They said if you granted China special trading status and put them in the World Trade Organization, that China would become more democratic," he said. In written bullet points released alongside the speech, DeSantis' campaign said he would appoint a chair of the Federal Reserve "who will focus on maintaining a stable dollar instead of the political pressures of the day."

Persons: Ron DeSantis, DeSantis, we've, Jerome Powell, Gram Slattery, James Oliphant, Rosalba O'Brien Organizations: Republican, Federal Reserve, Republican Party, U.S, Senate, World Trade Organization, Federal, Fed, Thomson Locations: ROCHESTER , New Hampshire, China, New Hampshire, U.S, United States, Rochester, Washington

☆ DeSantis' new economic plan targets 'woke' ESG, China trade policy and student loans
▼ + stars: | 2023-07-31 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

Ron DeSantis on Monday unveiled a lengthy economic agenda aimed to spur growth by upending the U.S. trade relationship with China, reversing Biden administration regulations and confronting corporations deemed to be pushing "woke" ideals. "The goal of our Declaration of Independence is simple," DeSantis said as he detailed the plan in Rochester, New Hampshire. Both Trump and DeSantis, for instance, have vowed to decouple the U.S. economy from China and reverse trade deficits with Beijing. DeSantis' agenda would also seek to address Chinese intellectual property theft and ban China from purchasing "strategic assets" in the U.S., according to a fact sheet from the DeSantis campaign. DeSantis "will not tolerate woke corporations using ESG," his campaign said, referring to the investing principles that consider environmental, social and governance factors.

Persons: Ron DeSantis, Scott Brown, DeSantis, Donald Trump, Trump Organizations: Republican U.S, Florida Gov, Republican, Economic, New York Times, Siena, Trump, Federal, of Justice Locations: Florida, Rye , New Hampshire, U.S, China, Rochester , New Hampshire, Beijing, New Hampshire, Concord, Iowa

☆ I'm a 23-year-old entrepreneur who made $120,000 last year. Here's how I built multiple income streams.
▼ + stars: | 2023-07-27 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +6 min

I started my blog, "I'm Sweaty And I Know It," where I wrote about exercise, health, recipes, and mental health. One of my first viral TikTok workouts was called "Not in the mood to workout, try this workout for unmotivated days." I made money through YouTube adsWhen I reached 1,000 subscribers on YouTube, I started making money from AdSense. Launching a paid-for app was dauntingI felt that too many YouTube workouts had clickbait headlines about losing weight. I was terrified that no one would subscribe because they'd been used to my free workout classes.

Persons: Callie Jardine, Jardine, I've, who'd, they'd Organizations: YouTube, Free Locations: Palm Beach , Florida, Barre, Canada, AdSense

☆ Focus: In Mexico, private cash races to plug nearshoring energy crunch
▼ + stars: | 2023-07-26 | by ( Isabel Woodford | Thomson Reuters | Isabel Is A British-Spanish Journalist Based In Mexico City. She Joined Reuters In As Part Of The Latin America News Hub | ) www.reuters.com time to read: +7 min

Sergio Arguelles, president of the Mexican Association of Private Industrial Parks (AMPIP), said parks' investment in state energy assets today is unprecedented. "Mexico would be very well positioned to take advantage of nearshoring if it didn't have such an energy problem," he said. THE SHRINKING STATEMexico's approach to its groaning electricity grid is in contrast to its fast-growing peers, which tend to either incentivize private energy contractors or have state utility companies with deep pockets. Still, there is some hope for the new wave of 47 planned industrial parks. Yet critics say Mexico's push for state control over energy distribution while also neglecting it is self-sabotage.

Persons: Daniel Becerril, Sergio Bermudez, Barbie, Mattel, Bermudez, …, Eduardo Martinez, Sergio Arguelles, Aaron Gallo, Gallo, Andres Manuel Lopez Obrador's, David Gantz, Electrobras, AMPIP's Arguelles, Lopez Obrador, Ramses Pech, Hans Joachim Kohlsdorf, Zonia Torres, Alfredo Nolasco, Isabel Woodford, Marguerita Choy Organizations: Federal Electricity Commission, REUTERS, MEXICO CITY, Unilever, Mexican Association of Private Industrial Parks, American Industries, Industries, CFE, U.S, Baker Institute, Thomson Locations: Mexico's, Santa Catarina, Monterrey, Mexico, MEXICO, Nuevo Leon, Brazil, Guanajuato

☆ The US economy is in for rollercoaster inflation and could be headed for an ultra-rare 'full employment recession,' BlackRock says
▼ + stars: | 2023-07-24 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The economy is in for rollercoaster inflation that could hurt corporate profits, BlackRock strategists said. Markets are in a new regime of volatility that could bring on a "full employment recession," they added. But at the same time, the labor market remains tight, which is driving wage inflation as workers push for higher pay. A rollercoaster trajectory over the next quarters before inflation likely settles near 3% – well above the Fed's 2% target," strategists said. That rollercoaster could potentially spell bad news for stocks: High inflation can weather corporate profits by increasing costs for firms.

Organizations: BlackRock, Service, New, Fed Locations: Wall, Silicon, downturns, Europe

☆ Opinion | What to Do About the Growing National Debt?
▼ + stars: | 2023-07-21 | by ( ) www.nytimes.com time to read: +1 min

However, I respectfully disagree with your implication that reducing taxes only leads to reduced government revenues. Over the years we have witnessed instances where tax reductions have actually stimulated economic growth, resulting in increased government revenues. By allowing individuals and businesses to keep more of their hard-earned money, tax cuts can incentivize investment, job creation and overall economic activity. While responsible fiscal management is essential, it is important to recognize the potential positive impact of well-designed tax reductions. Balancing the reduction of the national debt with strategic tax policies can foster economic growth and ultimately contribute to a healthier financial future for our nation.

Persons: Dave Berry Dayton Organizations: Democratic House, Republicans Locations: Dave Berry Dayton , Ohio

☆ This startup helps software-as-a-service firms drive sales through word-of-mouth. Check out the 15-slide pitch deck Cello used to raise $3.5 million.
▼ + stars: | 2023-07-20 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

Cello, a Munich-based startup incentivizing software-as-a-service referrals, has raised $3.5 million. We got an exclusive look at the 15-slide pitch deck it used to raise the fresh funds. A startup that aims to incentivize peer recommendations to drive growth in sales of software-as-a-service products has raised $3.5 million in fresh funds. Munich-based Cello, founded in 2022, has closed a pre-emp ted seed funding round that was led by German investor HV Capital. "Cello had strong signs of early traction soon after launching our product," Bader said.

Persons: Stefan Bader, Bader, Cello's, ByFounders Organizations: Capital, Software Locations: Munich

☆ Sustainable Aviation Fuel Leader Talks Green Premiums and Impact of Tax Incentives
▼ + stars: | 2023-07-19 | by ( Dieter Holger | ) www.wsj.com time to read: +11 min

Many airlines, corporate fliers and governments see so-called sustainable aviation fuel, or SAF, as a way to reduce aviation’s contribution to global warming. It recently converted an oil refinery in California and is expanding its refineries in Singapore and Rotterdam. We worked on a former fossil-fuel refinery and converted that into a renewable refinery. The carbon footprint of aviation can be affected today from today’s SAF technology. It will continue to incentivize current SAF production, but it will be difficult to be the impetus for future production.

Persons: P, Chris Cooper, We’ve, we’ve, Neste, Dieter Holger Organizations: Aviation, International Energy Agency, International Council, Clean Transportation, SAF, Sustainable, Neste’s U.S, Airlines, International Air Transport Association, Neste, Bloomberg New Energy Finance Summit, Dallas Fort Worth International Airport, DHL, Amazon, Marathon Petroleum, Sustainable Business, today’s SAF, Air, dieter.holger Locations: California, Singapore, Rotterdam, U.S, Neste U.S, San Francisco, Dallas, City, Oakland, Air Canada, Alaska, American, Delta, Los Angeles, San Jose, Washington, York, New York, New Jersey, . Oregon

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