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☆ A Tesla fan in India preordered a Model 3 in 2016. He waited 7 years, and the car still hadn't shown up.
▼ + stars: | 2024-08-14 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +4 min

Read previewTesla fan Vishal Gondal from Mumbai said he preordered a Tesla Model 3 in April 2016, excited about the car's "cutting-edge EV technology." Gondal is one of the Tesla fans in India who preordered the Model 3 in 2016 and were left hanging for years for cars that never arrived. Advertisement"I initially expected to wait one to two years but ended up waiting nearly eight years with no car," Gondal told BI. It lowered import taxes on EVs made by companies that commit to investing at least $500 million and start domestic manufacturing within three years, per Reuters. AdvertisementRepresentatives for Tesla did not immediately respond to requests for comment from Business Insider sent outside regular business hours.

Persons: —, Vishal Gondal, Elon Musk's, Tesla, Gondal, Hemant Suthar, Elon Musk, Musk Organizations: Service, Tesla, Business, Audi, Musk's EV, Associated Press, Reuters, Business Insider Locations: Mumbai, India, Europe, Asia, Pacific

☆ The United States and Europe need China for clean energy. They will pay a price to break free
▼ + stars: | 2024-08-14 | by ( Hanna Ziady | ) edition.cnn.com time to read: +8 min

London CNN —The United States and Europe are racing to narrow China’s commanding lead in clean energy technologies, throwing subsidies at local manufacturers and hiking tariffs on Chinese imports in a strikingly protectionist turn. Without China’s electric vehicles (EVs), solar panels, wind turbines, and batteries, reducing planet-heating pollution could take longer and ultimately increase costs for businesses and consumers. Beijing’s virtual monopoly on the processing of some critical minerals comes with particular risks for the global green transition. Zhu Haipeng/VCG/APAny delay in switching to clean energy will exact a heavy toll on the planet. Birol at the IEA also advocates for trade policies that diversify supply chains while reducing the risk of delays to the clean energy transition.

Persons: “, Margrethe Vestager, ”, ” Fatih Birol, David G, Victor, Michael R, Davidson, ” Victor, Pierre, Olivier Gourinchas, Zhu Haipeng, Victor of, Birol, don’t Organizations: London CNN, Russia, Getty, ”, International Energy Agency, Global, University of California, CNN, Monetary Fund, McKinsey Global Institute, Victor of University of California, IEA Locations: United States, Europe, China, Lianyungang, Washington, Netherlands, Japan, Beijing, of Taicang, Suzhou, Brookings, University of California San Diego, Fuzhou, Victor of University of California San Diego

Nesmith said she had flown into Greece on Sunday, the day the wildfire initially broke out in the village of Varnavas, about 20 miles north of Athens. As the danger spread, Greece implored fellow European Union members to help respond to the blaze. “We stand with Greece as it battles devastating fires,” European Commission President Ursula von der Leyen said in a statement on X on Monday. While wildfires are common during the summertime in Greece, climate scientists have warned that unusually hot and dry weather connected to climate change can make fires more likely to ignite and spread. A satellite image shows the ongoing fire near Athens, Greece.

Persons: Nesmith, Vassilis, Ursula von der Leyen, Kikilias, Angelos Tzortzinis, Maria Sidiropoulou, Chantal Da Silva Organizations: Reuters, Officials, Volunteers, Aris Oikonomou, Getty, Union, Copernicus, NBC Locations: Greece, Varnavas, Athens, “, Vrilissia, AFP, EU, Italy, France, Czechia, Romania, Chalandri, European, Libya, Stamata, London

☆ ‘Sponge’ cities combat urban flooding by letting nature do the work
▼ + stars: | 2024-08-13 | by ( Christy Choi | ) edition.cnn.com time to read: +12 min

Turenscape/Courtesy The Cultural Landscape FoundationYu’s proposal is this: Create areas with porous earth where local plants can thrive with little or no maintenance. But whether this latest flooding crisis demonstrates the limitations of China’s sponge cities, or supports the case to expand them, is a matter of debate. Turenscape/Courtesy The Cultural Landscape FoundationTurenscape planted 5,600 seedlings of 360 local species, including rare trees indigenous to Thailand’s central river basin. Turenscape/Courtesy The Cultural Landscape FoundationThis may be another reason Yu’s services have been sought outside China. Last year, The Cultural Landscape Foundation awarded Yu the $100,000 Oberlander Prize in recognition of his pioneering work.

Persons: Kongjian Yu, Yu, ” Yu, Turenscape, Xi Jinping, Faith Chan, ”, Chan, Elizabeth Mossop, ” Mossop, “ Organizations: CNN, redwoods, UK’s University of Leeds, Research, Global Times, University of Nottingham, Thai, Arsomsilp, Environmental, Landscape Foundation, University of Technology Sydney’s School of Design Locations: Nanchang, China's Jiangxi, China, Qinghuandao, China's Hebei province, Wuhan, Hainan, Sanya, China's, Guangdong, Turenscape, University of Nottingham Ningbo China, ”, Bangkok

☆ UAW files federal labor charges against Donald Trump and Elon Musk after threatening workers on X interview
▼ + stars: | 2024-08-13 | by ( David Goldman | ) edition.cnn.com time to read: +3 min

CNN —The United Auto Workers union on Tuesday filed federal labor charges against former President Donald Trump and Tesla CEO Elon Musk for threatening to intimidate workers who go on strike. Trump called Musk “the cutter,” and praised Musk for his anti-union stances. “Both Trump and Musk want working class people to sit down and shut up, and they laugh about it openly. But it’s not clear that Trump was referencing any specific workers Musk fired for organizing against his company. Harris’ campaign circulated the clip of Trump and Musk, saying: “Trump praises billionaire Elon Musk for firing workers who were striking for better pay and working conditions.”

Persons: Donald Trump, Elon Musk, Musk, Trump, ” Trump, Shawn Fain Elizabeth Frantz, Kamala Harris, “, ”, Shawn Fain, Joe Biden, Fain, Tesla, ” Fain, ” Tesla, they’re, Harris ’, “ Trump Organizations: CNN, United Auto Workers, Tesla, ’, UAW, Trump, National Labor Relations Board, General Motors, Ford, NLRB, Workers Locations: American, Buffalo , New York

☆ Boeing's new CEO is already showing that improving quality control is his top priority
▼ + stars: | 2024-08-13 | by ( Pete Syme | ) www.businessinsider.com time to read: +1 min

Kelly Ortberg visited two key production facilities in his first few days in charge. Ortberg also plans to be based near Seattle, Boeing's historic base and its manufacturing hub. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementBoeing's new CEO is endeavoring to turn the company around, beginning by building a closer relationship with factory workers.

Persons: Kelly Ortberg, Ortberg, —, Max, AeroSystems Organizations: Service, Boeing, Business Locations: Seattle, Renton , Washington, Wichita , Kansas

☆ The Changing Supply Chain
▼ + stars: | 2024-08-12 | by ( Peter S. Goodman | ) www.nytimes.com time to read: +1 min

For decades, major companies have behaved as if geographic distance were almost irrelevant. A factory in China was the same as a factory in Michigan. The pandemic and geopolitical upheavals have exposed the risks of depending on faraway industry to make critical things like computer chips, protective gear and medicines. The pandemic shockThe emergence of Covid in China ended the previous version of globalization. Quarantines shut Chinese factories at the same time that Western consumers, stuck in lockdown, ordered more manufactured goods like exercise equipment and electronic gadgets.

Persons: Quarantines Locations: China, Michigan

After tearing into each other in the past, the world's richest person and Republican presidential nominee have become close political allies. December 2016: Musk appointed to Trump's advisory councilsDonald Trump on Tuesday escalated his feud with Elon Musk in a series of Truth Social posts belittling the billionaire. May 2022: Musk said he would reinstate Trump's Twitter accountTesla CEO Elon Musk. "You know [Musk] said the other day 'Oh, I've never voted for a Republican,'" Trump said during a Saturday rally in Anchorage, Alaska. AdvertisementJuly 2022: Musk says Trump shouldn't run againElon Musk.

Persons: —, Elon, Donald Trump, Trump, Musk, Yasin Ozturk, Hillary, Elon Musk, Evan Vucci, Uber, Travis Kalanick, flack, Alex Brandon, Musk's, Tesla, Justin Sullivan, He's, Thomas Edison, Jonathan Ernst, Chris Saucedo, unban Trump, Patrick T, Fallon, I've, Alexi Rosenfeld, getty, Seth Herald, Twitter, Ron DeSantis, DeSantis, David Sachs, John Moore, Joe Biden, Ohio Sen, JD Vance, Vance, MAGA, Biden, Kamala Harris, Harris Organizations: Service, Trump, Twitter, Business, CNBC, Elon, White, SpaceX, Donald Trump AP, America, Ford, General Motors, NASA's Kennedy Space Center, REUTERS, SXSW, Financial Times, US, Getty, Republican, and Freedom Coalition, White House, Radical Left, Florida Gov, The New York Times, GOP, Times, Republican National Convention, Ohio, Wall Street, Democratic Locations: United States, Paris, Anchorage , Alaska, California, Cape Canaveral , Florida, U.S, Nashville , Tennessee, Musks, Silicon Valley, Mexico, Eagle Pass , Texas, Eagle, , Texas, Washington, Ukraine, Lago, Harris

☆ She grew up in Ukraine, studied accounting, and joined the army. But since Russia invaded, she did a hard career pivot — twice.
▼ + stars: | 2024-08-12 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +7 min

Kuzmina, 32, is training to be an electrician in Kamianske, a city in eastern Ukraine. Because of worker shortages in fields like driving, mechanical work, and road work, the Ukrainian government launched a program that provides women with training vouchers. But Ukrainian women must still contend with employers and even family members who aren't always on board with more women taking traditionally male jobs. But soon after Russia invaded Ukraine in February 2022, Kuzmina's commander disbanded the unit because of a lack of resources. Ukrainian President Volodymyr Zelenskyy said last month that Russia had damaged or destroyed more than half of Ukraine's power generation.

Persons: —, aren't, Kuzmina, Yuliia Kuzmina, Volodymyr Zelenskyy, Yana Lukashuk, Lukashuk, Olga Kupets, Kupets, shubhangigoel@insider.com Organizations: Service, Business, Army, Ukrainian Army, Donbas Battalion, Kuzmina's, Locals, Kyiv School of Economics Locations: Kamianske, Ukraine, Russia, Ukrainian, Torestsk, Kyiv, Soviet

☆ CNBC Daily Open: Prequels, sequels and pixie dust
▼ + stars: | 2024-08-12 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The S&P 500 ended the week just 0.04% lower, while the Dow Jones Industrial Average slipped 0.6% and the Nasdaq Composite dipped 0.18%. At its lowest point on Monday, the S&P 500 was down nearly 10% from its recent high and the Nasdaq entered correction territory. [PRO] Low-volatility stocksDespite a wild week with steep sell-offs and concerns about Fed policy, markets rebounded showing resilience.

Persons: Disney, Indiana Jones, Carlos Tavares, Donald Trump, Sen, Elizabeth Warren, Elon Musk, Elon Musk's, Warren, Tesla, Robyn Denholm, Musk, CNBC's Pia Singh Organizations: CNBC, Wall, Dow Jones, Nasdaq, Magic, Hollywood, Inc, Animal Kingdom, Fiat Chrysler, France's PSA Groupe, Trump, Trump Media, SpaceX, Twitter Locations: U.S, Magic Kingdom, Disney's California, Michigan, Friday's

☆ Fly like Iron Man. Join a battle in Wakanda. Here are the major theme park projects Disney has announced
▼ + stars: | 2024-08-11 | by ( Natasha Chen | ) edition.cnn.com time to read: +11 min

Artist concept for an attraction at a new “Cars”-themed area coming to Frontierland at Disney’s Magic Kingdom. To mark the occasion, the company will create the first-ever audio-animatronic version of Walt Disney, with a level of complexity of technology that has yet to be seen in a Disney park. Across the esplanade at Disney California Adventure park, Avenger’s Campus will more than double in size, with construction beginning in 2025. Artist concept of Disney’s first theme park ride based on “Coco,” which breaks ground in 2026. In Paris, Disney’s first-ever theme park attraction based on “The Lion King” will be built at the renamed Disney Adventure World park.

Persons: Walt Disney, Josh D’Amaro, Shaboozey, Billy Crystal, Mike Wazowski, Madrigal, Antonio, Indiana Jones, Indiana Jones ”, Disney’s Encanto, Disney Oscar, Ke Huy Quan, “ Indiana Jones, ”, D’Amaro, “ We’re, Lincoln ”, ” D’Amaro, “, Disney’s, King Thanos, “ Coco, What’s, King ”, Simba, Epic Games Disney, Doom, Megan Thomas Organizations: CA CNN, Disney, Honda Center, CNN, Walt Disney Parks and Resorts, Walt Disney, Magic, Disney Magic, Walt Disney World, Hollywood Studios, Inc, Monsters Inc, Tokyo Disney, Pueblo Esperanza, Indiana Jones, EPCOT, Disneyland, Opera House, Infinity Defense, Stark, Pandora, Disney Cruise, Disney Destiny, Disney Parks Shanghai, Hong Kong Disney, Marvel, Epic Games, Epic, Star Locations: Anaheim, CA, Anaheim , California, Florida, California, Star, Tokyo, Disney’s, “, Pueblo Esperanza, Disney, Imagineering, New York City, Disney California, Hong Kong, Shanghai, Tomorrowland, Paris, Fortnite, livestream

☆ Disney World is entering its villain era
▼ + stars: | 2024-08-11 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +6 min

Read previewDisney Experiences Chairman Josh D'Amaro unveiled ambitious plans for Walt Disney World, including new attractions and in-park destinations. Advertisement"As we develop the next generation of Disney Experiences, we're always looking for new ways to tell the stories people love," D'Amaro said. Representatives for Walt Disney World did not immediately respond to a request for comment from Business Insider. Disney beyond FloridaD'Amaro also shared details about how other Disney theme parks would expand. AdvertisementAlthough Disney is investing heavily in its domestic theme parks, it also plans to expand Disneyland Paris and Shanghai Disneyland.

Persons: —, Josh D'Amaro, D'Amaro, Araya Doheny, Disney, who've, we're, Joe Burbank, Indiana Jones, Hugh Johnston, Ron DeSantis, Disney hadn't, Florida D'Amaro, James Cameron's Organizations: Service, Walt Disney, Disney, Lucasfilm, Marvel Studios, Business, Walt Disney World, Central Florida . Magic, Magic Kingdom, Orlando Sentinel, Tribune, Getty Images, Pueblo Esperanza, Hollywood Studios, Pixar, Inc, The Central, Florida Gov, Marvel, Disney California, Shanghai Disneyland Locations: Anaheim , California, Central Florida, Florida, Animal Kingdom, Pueblo, Disney, The Central Florida, California, Paris, Shanghai

On an 80-degree Friday afternoon in July, at a factory just outside Buffalo, it was snowing. But this was not your run-of-the-mill frozen water vapor. The shredded bits then drifted down a turquoise chute into a cardboard box, forming a soft white mound of what looked like freshly fallen snow. The process was handled by workers in the Flakes Department, one of several teams at the factory in Depew, where the holiday decoration brand Buffalo Snow has been manufacturing blizzards annually since the 1980s. Natural snow, an indelible part of wintertime scenery, has in many places been in short supply lately because of rising temperatures.

Persons: Snow Locations: Buffalo, Depew, United States

☆ US to South Korea: TikTok star undergoes 15 beauty treatments in just 3 days
▼ + stars: | 2024-08-10 | by ( Steffi Cao | ) edition.cnn.com time to read: +12 min

“Getting a plane ticket to Korea to get Botox and filler done is honestly cheaper than getting it done here.”Lee undergoes a beauty treatment in South Korea. Courtesy _Lee @taxinoodle_A screenshot from Lee's TikTok video where she explains the 15 beauty treatments she had done in Seoul. Visitors and vendors discuss beauty products at the K-Beauty Expo, the largest beauty exhibition in South Korea, on October 12, 2023 in Goyang, South Korea. Courtesy _Lee @taxinoodle_Lee receives a consultation — and the requisite "before" shots to compare with post-treatment ones — at a clinic in South Korea. Courtesy _Lee @taxinoodle_Lee always gets her hair dyed ($125) in South Korea because she prefers the pricing and service.

Persons: Yerim Lee, Lee, It’s, ”, ” Lee, “ It’s, Chris Jung, Don’t, —, “, Botox, Jennie, Kim, there’s, @taxinoodle_ Yerim Lee, @taxinoodle_ Lee, TikTok, ‘ Organizations: CNN, . Visitors, Getty Images, South Korean Ministry of Health, Welfare Locations: Seoul, South Korea, New York City, Korea, _Lee, Goyang, Seoul’s Gangnam

☆ From villains to Indiana Jones: Everything we learned at Disney’s parks panel at the 2024 D23 Expo
▼ + stars: | 2024-08-10 | by ( Sarah Whitten | ) www.cnbc.com time to read: +8 min

Disney's classic baddies are getting their own theme park land at the Magic Kingdom in Orlando, Florida. This area will differ from the one at Disney California Adventure, D'Amaro told the audience, and will take place in the wilderness. As part of the Tropical America's land Disney is creating Pueblo Esperanza, which means village of hope. DisneylandThe world of "Avatar" will make its way to Disney's California Adventure, D'Amaro shared Saturday. The Walt Disney World Resort version of the ride opened in June.

Persons: Walt Disney, Mickey Mouse, Gary Hershorn, Disney, Josh D'Amaro, Parks, Rita Ora, D'Amaro, Shaboozey, Billy Crystal, Mike Wazowski, Crystal, Indiana Jones, Huy Quan, Josh, Quan, Madrigal, Antonio, Ash, Ali Rubinstein, Walt Disney Imagineering, Miguel, Deadpool, King Thanos, King, Scott Trowbridge Organizations: Magic, Walt Disney World, Corbis, Big, Honda Center, Disney, Walt Disney, Disney California, Hollywood Studios, Inc, Pirates, Defense, Stark, Disneyland, Walt Disney Imagineering, Marvel . Disney Cruises, Disney Cruise Locations: Orlando , Florida, Anaheim , California, California, Florida, Indiana, Orlando, Pueblo Esperanza, New York City, Disneyland Paris, Pride, Shanghai, Hong, Tokyo

☆ Stellantis laying off 2,450 plant workers due to discontinuation of Ram 'Classic' pickup truck
▼ + stars: | 2024-08-09 | by ( Michael Wayland | ) www.nbcnews.com time to read: +2 min

DETROIT — Automaker Stellantis plans to indefinitely lay off up to 2,450 U.S. factory workers later this year as it discontinues production of an older version of its Ram 1500 pickup truck in Michigan. It is produced alongside the Jeep Wagoneer and Grand Wagoneer at the Warren Truck Assembly Plant, located near Detroit. The current Ram 1500, which was recently updated for the 2025 model year, is produced at a nearby plant. “With the introduction of the new Ram 1500, production of the Ram 1500 Classic at the Warren [Michigan] Truck Assembly Plant will come to an end later this year,” the company said in an emailed statement. The discontinuation of the Ram 1500 “Classic” vehicle is not unexpected, but the company has not announced a vehicle to replace the truck.

Persons: Ram, Chris Feuell, Carlos Tavares Organizations: DETROIT, Warren, Assembly, United Auto Workers union, CNBC, Fiat Chrysler, France’s PSA Groupe Locations: Michigan, Detroit, Warren

— President Joe Biden signed the CHIPS and Science Act into law on Aug. 9, 2022, authorizing nearly $53 billion to rebuild the nation’s semiconductor industry. A Purdue University summer program gives undergrads hands-on experience in the chip-development process. The domestic semiconductor manufacturing workforce has dropped from a peak of 714,500 in 2001 to 392,100 as of July, according to government data. In addition, the CHIPS Program Office, run out of the Commerce Department, has announced major commitments for research and development, including workforce skilling, with a $5 billion package unveiled in February. Some of the students in Purdue University’s inaugural STARS program last summer, which began with about 70 trainees.

Persons: Joe Biden, Robert Zhang, doesn’t, ” Zhang, Feichi Huang, Mark Lundstrom, Purdue University Bill Wiseman, ”, Lundstrom, Sujai, Shivakumar, “, that’s, Taylor Roundtree, there’s Organizations: WEST LAFAYETTE, Purdue University, Semiconductors, Intel, Texas, STARS, Purdue, U.S, McKinsey & Co, Semiconductor Industry Association, Micron, Commerce Department, McKinsey, South, SK Hynix, Apple, Nvidia, TSMC, Center for Strategic, International Studies . Universities Locations: Ind, Syracuse , New York, Phoenix, U.S, Taiwan, Korea, Japan, Singapore, West Lafayette , Indiana, South Korean, United States, “

☆ Paris Olympics: These twins are on an Olympic ‘mission’ to serve Ukraine
▼ + stars: | 2024-08-09 | by ( Frederik Pleitgen | Ben Church | ) edition.cnn.com time to read: +4 min

CNN —Ukrainian twins Maryna and Vladyslava Aleksiiva will join more than 10,000 athletes at this year’s Olympics in Paris, but the artistic swimmers’ preparation for the Games has been truly unique. ‘A huge responsibility’Despite the challenges facing the sisters, both are determined to represent their nation at the Olympic Games. More than 500 sports facilities have been destroyed, including 15 Olympic training bases. “It is an important mission to represent Ukraine appropriately.”The twins see it as their mission to represent Ukraine on the global stage. Al Bello/Getty ImagesAlthough Russia is banned from competing at the Olympic Games, some of its athletes are able to compete as Individual Neutral Athletes (AINs).

Persons: Maryna, Vladyslava, ”, Maddie Meyer, ” Maryna, Al Bello Organizations: CNN, Games, CNN Sport, Tokyo Games, Paris Games, Olympic, Ukraine’s Sports Ministry, Olympic Games Locations: Paris, Russia, Ukrainian, Kharkiv, Ukraine

☆ Stellantis Will Lay Off Up to 2,450 at Michigan Truck Plant
▼ + stars: | 2024-08-09 | by ( Neal E. Boudette | ) www.nytimes.com time to read: 1 min

Stellantis announced plans on Friday to lay off as many as 2,450 workers later this year at a pickup truck plant near Detroit, the latest sign of trouble for the trans-Atlantic automaker. The layoffs are expected to begin as early as Oct. 8 at the Ram truck plant in Warren, Mich., where production will be reduced to one shift from two, the company said on Friday. Stellantis’s chief executive, Carlos Tavares, has said the company needs to cut costs, and he has noted that at least one North American factory was operating at an unsatisfactory level. The company has been hit by sluggish sales in North America, where it generates most of its profits, as well as bloated costs and manufacturing inefficiencies. It reported last month that profits in the first six months of 2024 fell by nearly half to 5.6 billion euros (about $6 billion).

Persons: Stellantis, Stellantis’s, Carlos Tavares Organizations: Atlantic Locations: Detroit, Warren, Mich, North America

How Online Hatred Toward Migrants Spurs Real-World Violence Social media posts assailing immigrants have fomented a climate of fear and hatred in Britain, Portugal and other countries. It followed months of vitriol on social media that came not only from disgruntled Portuguese, but also from prominent far-right figures inside and outside the country. “It’s not up-to-date for the social media age,” Leo Varadkar, the prime minister then, said. Asked whether he believes his social media posts contribute to violence, Mr. Robinson responded: “I believe the teachings in the Koran contribute to violence. July 29 1:42 p.m.Not much info yet, but it will be a Muslim culprit followed by violence protests 1:49 p.m.

Persons: ”, Rita Guerra, Patience, ” Lee Marsh, “, Elon Musk, X, Musk, TikTok, we’re, ” Tommy Robinson, Donald J, Trump, Joel Finkelstein, Tony Craig, “ It’s, —, ” Leo Varadkar, He now, Ro, rie, Marc, iona, Robinson, e, ari, rance Organizations: YouTube, Spurs, Center for Psychological Research, Italy British, Protesters, Sunderland, PA, Agence France, Institute for Strategic, Elon, Meta, The New York Times, National, Counterterrorism, Security, Network, Research, Staffordshire University, Reuters, Ireland, unc, rit Locations: Portugal, Portuguese, Lisbon, Porto, Britain, Germany, Ireland, Europe, Southport, Liverpool, Syrian, Wales, Italy, The Netherlands, Greenwich, London, United States, Russia, Netherlands, Leeds, Chester, New Jersey, England, Algeria, Dublin, Coolock

☆ Razor-thin solar panels could be ‘ink-jetted’ onto your backpack or phone for cheap clean energy
▼ + stars: | 2024-08-09 | by ( Kara Fox | ) edition.cnn.com time to read: +5 min

Today’s solar panels that use silicon cells, by comparison, typically covert up to 22% of sunlight into power. Another important factor fueling solar’s rise is its growing efficiency in converting the sun’s energy. But Wang noted that the research group is not advocating for the end of solar farms. “I wouldn’t say we want to eliminate solar farms because obviously we need lots of areas or surfaces to generate sufficient amount of solar energy,” he told CNN. Some coatings in lab settings have dissolved or broken down over short periods of time, so are regarded as less durable than today’s solar panels.

Persons: aren’t, Junke Wang, Martin Small, Wood Mackenzie, Wang, ”, Henry Snaith, Snaith Organizations: CNN, Oxford, Oxford University's Physics, Oxford University Physics Locations: Germany

☆ Stellantis to lay off up to 2,450 factory workers as classic Ram production ends
▼ + stars: | 2024-08-09 | by ( ) edition.cnn.com time to read: +1 min

CNN —Chrysler-parent Stellantis is laying off as many as 2,450 factory workers from its Warren Truck assembly plant outside of Detroit as the automaker ends production of the Ram 1500 Classic truck. Production of the Jeep Wagoneer at the same facility will remain on two shifts, the company said. As production of the Ram 1500 Classic winds down later this year, the company is shifting focus to the Ram 1500 Tradesman truck, produced at its Sterling Heights Assembly facility. “We introduced the new 2025 Ram 1500 Tradesman with incredible value and content. There are about 3,700 workers at the plant represented by the United Auto Workers union.

Persons: CNN —, Stellantis, Carlos Tavares, Tavares Organizations: CNN, CNN — Chrysler, United Auto Workers union, Union, UAW, Stellantis Locations: Detroit, Sterling Heights

☆ Boeing's new outsider CEO Ortberg takes the helm, this time from the factory floor
▼ + stars: | 2024-08-08 | by ( Leslie Josephs | ) www.nbcnews.com time to read: +8 min

Aerospace veteran Robert “Kelly” Ortberg becomes Boeing’s new CEO on Thursday with a singular mission: restoring the reputation of a U.S. manufacturing icon. Boeing's new CEO, Robert "Kelly" Ortberg. Ortberg’s Day 1 activity is walking the floor of Boeing’s factory in Renton, Washington, where it builds its bestselling but problematic 737 Max. The airline’s CEO hinted at the big feat Ortberg has ahead of him. “We look forward to working with Kelly Ortberg in his efforts to return Boeing to its place as the leading American aerospace company,” CEO Bob Jordan said in a written statement.

Persons: Robert “ Kelly ” Ortberg, Robert " Kelly, Ortberg, ”, Rockwell Collins, Richard Aboulafia, ” Ortberg, Boeing’s, Butch Wilmore, Suni Williams, Ron Epstein, “, isn’t, ” Jon Holden, Dave Calhoun, Calhoun, Dennis Muilenburg, Max, Chicago —, Kelly Ortberg, Bob Jordan, —, Michael Sheetz Organizations: Boeing, AFP, Getty, Ortberg’s, National Transportation, Air Force One, NASA, SpaceX, International Space, Airbus, Bank of America, International Association of Machinists, Aerospace Workers, Arlington , Virginia —, ”, Southwest Airlines Locations: U.S, Renton , Washington, Portland , Oregon, “, Washington state, Oregon, Arlington , Virginia, Chicago, Seattle, American

☆ Boeing’s new CEO is already making an overdue change his first day on the job
▼ + stars: | 2024-08-08 | by ( Chris Isidore | ) edition.cnn.com time to read: +4 min

New York CNN —Today is Kelly Ortberg’s first day as CEO of Boeing. The new CEO said in a memo to staff Thursday that he decided to work 2,300 miles from the company’s current corporate offices in Arlington, Virginia, to help restore trust in the company’s commercial aircraft business. A Boeing 737 MAX aircraft is shown on the assembly line at the Boeing facility in Renton, Washington. The company said it had no comment whether it is considering moving its entire headquarters back to Seattle along with Ortberg. Boeing executives admitted there they still don’t know how the plane in the door plug blowout left Boeing’s Renton, Washington factory without the four bolts needed to keep the door plug in place.

Persons: Kelly Ortberg’s, He’s, –, Ortberg, ” Ortberg, “, he’d, Jennifer Buchanan, Richard Aboulafia, ”, he’s, Max, Jennifer Homendy Organizations: New, New York CNN, Boeing, Puget Sound, Seattle Times, AP, Max, Alaska Airlines, ” Boeing, Federal Aviation Administration, National Transportation Safety Board, Alaska Locations: New York, Seattle, Chicago, Arlington , Virginia, Renton , Washington, Boeing’s Renton , Washington

☆ What are the economics of war?
▼ + stars: | 2024-08-07 | by ( Gaelle Legrand | ) www.cnbc.com time to read: +1 min

Last March, Thierry Breton, the EU's commissioner for internal market, advocated for a shift of the European defense industry toward a war economy. Europe is facing an "existential threat," he said, as the Commission announced a new defense strategic plan, with a minimum of €1.5 billion ($1.6 billion) subsidy to boost the continent's war machine. In Germany, arms maker Rheinmetall inaugurated a new factory in February that will produce artillery ammunition, explosives and rockets. Aerospace and defense company Kongsberg also opened a new anti-ship and cruise missile manufacturing plant in Norway last June. Watch the video above to learn more about the economics of war.

Persons: Thierry Breton Organizations: Commission, Rheinmetall, Aerospace, Kongsberg, Stockholm International Peace Research Institute Locations: Europe, Germany, Norway, Stockholm

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