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☆ Former Essence Magazine employees say they witnessed a 'hellish' and 'dehumanizing' culture at the leading publication for Black women in America
▼ + stars: | 2023-07-13 | by ( Yoonji Han | ) www.businessinsider.com time to read: +34 min

On June 28, 2020, a group of women using the name Black Females Anonymous published a damning public letter that shook Essence magazine, the leading publication for Black women in America, to the core. Essence magazine was launched in 1970 at a time when Black business and civil-rights leaders called for greater self-determination and empowerment. The magazine was the brainchild of a group of four Black businessmen who identified a lack of publications for Black women in America. "And that is to serve Black women deeply, to serve women of color in a way that no one else has thought about." Essence CEO Michelle Ebanks, Dennis, and Essence chief content and creative officer, Moana Luu, at the 2020 13th Annual Essence Black Women in Hollywood luncheon.

Persons: Richelieu Dennis, Dennis, haven't, Susan Taylor, Taylor, —, Jason Kempin, wasn't, Michelle Ebanks, Rich Dennis, Arturo Holmes, Margarita Corporan, Forbes, let's, didn't, Sandra Okerulu, Ebanks, Luu, Moana, Rich Polk, Wears, Danielle Young, Julee Wilson, Candace Montgomery, Wilson, Montgomery, Martha, Martha Dennis, Rechelle, Sophia, Richelyna, Alan Lescht, bristled, Joy Collins Profet, Readers, Essence's, Collins Profet, Caroline Wanga, — it's, Wanga, unappreciated, Travis Montaque, cofounders, Lionel Hahn, Yesha Callahan, Rich, That's what's, Yoonji Han Organizations: Black, Time Inc, Vogue, Sports, Essence Communications, Entertainment, New York Times, Meredith Corporation, Essence, Inc, Brands, Ventures, Upfronts, Babson College, The, Depot, PepsiCo, Accenture, Unilever, Magazine, Magazine's, Penske Media, Getty, Essence Ventures, Afropunk, Vice Media, Black Entertainment Television, Digital, Sports Illustrated, Media, Fortress Investment, NASDAQ, Trace Media, texturism, Readers, Employees, Staff, BET, Culture, Democracy, Inkwell Locations: America, Black, Liberia, Queens, shea, Moana Luu, Martinique, France, Paris, Philippines, Hollywood, Industry City, Brooklyn, Cannes

☆ Essence Magazine was meant to be a place for 'Black girl magic.' Internally, some employees say it was more like 'Black girl tragic.'
▼ + stars: | 2023-07-13 | by ( Yoonji Han | ) www.businessinsider.com time to read: +34 min

"Essence is the most deceptive Black media company in America. Essence Magazine was first published in 1970 at a time when Black business and civil rights leaders called for greater self-determination and empowerment. The magazine was the brainchild of a group of four Black businessmen who identified a lack of publications for Black women in America. "And that is to serve Black women deeply, to serve women of color in a way that no one else has thought about." Essence CEO Michelle Ebanks, Richelieu Dennis, and Essence chief content & creative officer Moana Luu at the 2020 13th Annual ESSENCE Black Women in Hollywood luncheon.

Persons: Richelieu Dennis, Dennis, Susan Taylor, Taylor, —, Jason Kempin, wasn't, Essence Communications Michelle Ebanks, Rich Dennis, Arturo Holmes, Margarita Corporan, Forbes, let's, Black, didn't, Sandra Okerulu, Michelle Ebanks, Luu, Moana, Rich Polk, Wears, Danielle Young, Julee Wilson, Candace Montgomery, Wilson, Montgomery, Martha, Martha Dennis, Rechelle, Sophia, Richelyna, Alan Lescht, bristled, Ebanks, Joy Collins Profet, Readers, Essence's, Collins Profet, Caroline Wanga, — it's, Wanga, unappreciated, Travis Montaque, cofounders, Lionel Hahn, Yesha Callahan, Rich, That's what's, Yoonji Han Organizations: Black, Essence Magazine, Time Inc, Vogue, Sports, Essence Communications, Entertainment, New York Times, Meredith Corporation, Brands, Ventures, Upfronts, Babson College, The, Depot, PepsiCo, Accenture, Unilever, Inc, Magazine, Magazine's, Penske Media, Getty, Essence Ventures, Afropunk, Vice Media, Black Entertainment Television, Digital, Sports Illustrated, Media, Fortress Investment, NASDAQ, Trace Media, texturism, Hamptons, Readers, Employees, Staff, BET, Culture, Democracy, Inkwell, Essence Locations: America, Black, Liberia, Queens, shea, Moana Luu, Martinique, France, Paris, Philippines, Hollywood, Industry City, Brooklyn, Cannes

☆ Analysis-In China's lithium hub, mining boom comes at a cost
▼ + stars: | 2023-06-15 | by ( Siyi Liu | Dominique Patton | ) www.reuters.com time to read: +7 min

FILE PHOTO: A vehicle is seen near a lithium smelter in Yichun, Jiangxi province, China March 30, 2023. It has supported mine development by taking stakes in mining companies to help battery materials makers that do not have mines overseas like those owned by China’s top lithium producers Ganfeng Lithium and Tianqi Lithium. Separating lithium from lepidolite can cost as much as 100,000 yuan per metric ton, compared to 40,000-50,000 yuan for brine and 50,000-60,000 yuan for spodumene, analysts said. ‘NATURAL RESOURCES CHAOS’Further dimming the outlook for lepidolite, environmental damage is a growing concern. UBS analysts see China’s supply of lithium from lepidolite tripling to 280,000 metric tons, or 13% of global supply, between 2022 and 2025, well short of Yichun’s target.

Persons: ”, Yang Yaohua, Yang, Wu Wei, Eric Norris, ” Norris, Yongxing, Yichun, Ma Jun, ” Ma, Vicky Zhao, Li Qi Organizations: REUTERS, Staff, Australia, Guosen, Macquarie, Gotion High Tech, CRU, Xiamen University, Energy, lepidolite, Reuters, Materials Technology, Institute of Public & Environmental Affairs, UBS, Benchmark Mineral Intelligence Locations: YICHUN, China, Yichun, Jiangxi province, lepidolite, Beijing, Sichuan, Qinghai, Tibet, Shanghai, Jin, U.S, Jiangxi

It has supported mine development by taking stakes in mining companies to help battery materials makers that do not have mines overseas like those owned by China's top lithium producers Ganfeng Lithium (002460.SZ), (002460.SZ) and Tianqi Lithium (002466.SZ). Separating lithium from lepidolite can cost as much as 100,000 yuan per metric ton, compared to 40,000-50,000 yuan for brine and 50,000-60,000 yuan for spodumene, analysts said. 'NATURAL RESOURCES CHAOS'Further dimming the outlook for lepidolite, environmental damage is a growing concern. As it gets stricter now, lithium resources in Yichun will lose their competitiveness with the higher costs for environmental protection," Ma said. UBS analysts see China's supply of lithium from lepidolite tripling to 280,000 metric tons, or 13% of global supply, between 2022 and 2025, well short of Yichun's target.

Persons: YICHUN, Yang Yaohua, Yang, Wu Wei, Eric Norris, Norris, Yongxing, Yichun, Ma Jun, Ma, Vicky Zhao, Li Qi, Siyi Liu, Dominique Patton, Ernest Scheyder, Tony Munroe, Sonali Paul Organizations: Australia, Guosen, Macquarie, Gotion High Tech, CRU, Xiamen University, Energy, Corp, Reuters, Materials Technology, Institute of Public & Environmental Affairs, UBS, Benchmark Mineral Intelligence, Beijing Newsroom, Thomson Locations: China, Yichun, lepidolite, Beijing, Sichuan, Qinghai, Tibet, Shanghai, Jin, U.S, Jiangxi, Houston

☆ Explainer: How could solid-state batteries improve next-gen EVs?
▼ + stars: | 2023-06-13 | by ( ) www.reuters.com time to read: +4 min

Solid-state batteries have been used in small electronic devices such as pacemakers and smart watches. Solid-state batteries can hold more energy than liquid lithium-ion batteries, a gain that would potentially speed the transition to EVs by addressing a consumer concern: range. That has made solid-state batteries far more expensive than liquid lithium-ion batteries. Honda is developing solid-state batteries but has not detailed a timeline for bringing them to market. Hyundai Motor (005380.KS), another Solid Power investor, has said it plans to mass produce solid-state batteries by 2030.

Persons: Tesla, Bill Gates, Tim Kelly, Sayantani Ghosh, Kevin Krolicki, Christopher Cushing Organizations: Toyota, Reuters, Tesla, Panasonic, Nissan, Honda, Volkswagen, Automotive Cells Co, Mercedes, Benz, ProLogium Technology, Ford, BMW, Hyundai, Solid Power, EV, Thomson Locations: TOKYO, SINGAPORE, U.S, Taiwan

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Persons: Dow Jones, d7579892 Locations: indias

☆ India Train Crash Rescuers Describe Search of Railcars Filled With Bodies
▼ + stars: | 2023-06-05 | by ( Shan Li | Krishna Pokharel | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ India Train Crash Survivors Recount Crushed Railcars, Dying Cries for Help
▼ + stars: | 2023-06-04 | by ( Shan Li | Krishna Pokharel | ) www.wsj.com time to read: 1 min

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☆ After Horrific India Train Crash, a Frantic Search for Loved Ones and Cries of ‘Save Me Mother’
▼ + stars: | 2023-06-04 | by ( Shan Li | Krishna Pokharel | ) www.wsj.com time to read: 1 min

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☆ Three-Way Train Crash in India Kills More Than 250: ‘I Haven’t Seen Anything So Horrific’
▼ + stars: | 2023-06-03 | by ( Vibhuti Agarwal | Shan Li | ) www.wsj.com time to read: 1 min

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☆ Indian Train Crash Kills More Than 200 People
▼ + stars: | 2023-06-03 | by ( Shan Li | Vibhuti Agarwal | ) www.wsj.com time to read: 1 min

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☆ India’s GDP Grows 6.1% Amid Strong Domestic Demand
▼ + stars: | 2023-05-31 | by ( Vibhuti Agarwal | Shan Li | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones Locations: indias

☆ In Kashmir, Tourists Return but Tensions Simmer
▼ + stars: | 2023-05-30 | by ( Shan Li | ) www.wsj.com time to read: 1 min

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☆ In India’s Landmark Same-Sex Marriage Case, Arguments Span Equality, Family, Religion
▼ + stars: | 2023-04-29 | by ( Shan Li | ) www.wsj.com time to read: 1 min

NEW DELHI—In landmark hearings before India’s Supreme Court, a series of petitioners are arguing for the expansion of marriage rights to millions of LGBTQ people in the world’s most populous nation, but are facing opposition from the country’s socially conservative government. The closely watched proceedings, which began mid-April, come five years after the court decriminalized gay sex. Its other rulings over the past decade have brought rights of gay, lesbian and transgender people to the forefront, including one in 2014 that recognized transgender people as a third gender. In 2017, the court said privacy, including a person’s sexual orientation, is a constitutional right for all.

☆ India’s Population to Surpass China’s by Midyear
▼ + stars: | 2023-04-19 | by ( Shan Li | ) www.wsj.com time to read: 1 min

A nurse checks on a newborn at a hospital in Patiala, India. India’s population is expected to continue growing over the next four decades. Photo: Elke Scholiers/Getty ImagesNEW DELHI—The United Nations, in a report about global population trends released Wednesday, said India would overtake China as the world’s most populous country by midyear. India will have 1.4286 billion people by July 1, surpassing China’s population of 1.4257 billion by nearly three million people, according to the U.N. report. China’s data doesn’t include the populations of Hong Kong, Macau or Taiwan.

☆ Norwegian wealth fund seeks Credit Suisse boardroom shake-up
▼ + stars: | 2023-04-02 | by ( ) www.reuters.com time to read: +1 min

[1/2] Chairman of the Board of Directors of Credit Suisse, Axel Lehmann, attends a news conference after UBS's takeover offer, in Bern, Switzerland, March 19, 2023. REUTERS/Denis Balibouse/File PhotoApril 2 (Reuters) - Norges Bank Investment Management will vote against the re-election of Credit Suisse (CSGN.S) Chair Axel Lehmann and six other directors at the Swiss lender's annual general meeting on Tuesday, the Norwegian wealth fund said on its website. "Shareholders should have the right to seek changes to the board when it does not act in their best interest," the Norges wealth fund said ahead of the April 4 meeting. In addition to Lehmann, Norges is also opposing re-election of Credit Suisse directors Iris Bohnet, Christian Gellerstad, Shan Li, Seraina Macia, Richard Meddings and Ana Pessoa. Credit Suisse declined to comment and UBS did not immediately respond to a request for comment.

☆ Behind Adani Deals, an ‘Elusive’ Elder Brother
▼ + stars: | 2023-03-25 | by ( Shan Li | ) www.wsj.com time to read: 1 min

Adani Group has denied allegations by a short seller that it committed fraud or stock manipulation. Gautam Adani is the public face of Adani Group, the sprawling Indian conglomerate that has been accused by an American short-seller firm of stock manipulation and accounting fraud. Behind the scenes, another family member has played a pivotal role in the company—and the activities that critics say misled investors: his elder brother, Vinod Adani .

☆ Tesla's forecast means boom times ahead for lithium demand. Citi's top stocks to play the trend
▼ + stars: | 2023-03-08 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

We apply ~8x EV/EBITDA multiple to Energy Storage, ~9x to Specialties, and ~10x to Ketjen, all of which are in line with comparable peer valuations." Livent "Our $28 target price is based on a target EV/EBITDA of ~9.5x applied to our FY24 estimate. SQM "Our $92 target price is calculated using [sum of the parts] valuation on 2024E segment EBITDA. SQM's Lithium multiple is at a discount to LTHM as LTHM is a pure-play lithium hydroxide company. ... Our current price target assigns 3/90/7 weightings, respectively, to these three scenarios—yielding a $146 blended stock outcome."

Organizations: ~$

☆ India’s Economy Slows Amid Sluggish Consumer Demand, High Inflation
▼ + stars: | 2023-02-28 | by ( Vibhuti Agarwal | Shan Li | ) www.wsj.com time to read: 1 min

Some restaurant owners in India say fewer diners are coming through their doors after an initial bump last year. NEW DELHI—India’s economy grew 4.4% in the October-to-December quarter from a year earlier, weighed down by sluggish consumer demand and high inflation. The gross domestic product figure released Tuesday for the fiscal third quarter shows a slowing of growth compared with the preceding two quarters. The economy climbed 6.3% in the period from July to September and 13.2% in the April-to-June quarter.

One of the large shareholders of Adani Power, the energy firm at the core of Indian billionaire Gautam Adani’s business empire, is an offshore company called Opal Investment Pvt. Ltd.Adani Power described Opal in its latest quarterly report as an independent shareholder that has no ties to the ports-to-power conglomerate beyond its 4.69% stake in Adani Power.

AHMEDABAD, India— Gautam Adani is ubiquitous in this country. His name is plastered on roadside billboards and on the airports and shipping docks he operates. His power plants light Mumbai office towers and irrigate rural fields, fueled by coal he imports from mines as far away as Australia. He recently expanded into defense and media.

☆ Selloff in Adani Group Stocks Wipes Out $47 Billion in Market Value
▼ + stars: | 2023-01-27 | by ( Weilun Soon | Shan Li | ) www.wsj.com time to read: 1 min

The Bombay Stock Exchange in Mumbai. The benchmark Nifty 50 index, which includes two Adani companies, fell to a three-month low Friday. Shares of several companies linked to India’s richest man, Gautam Adani , fell sharply Friday, losing tens of billions of dollars in market value after a U.S. short seller’s allegations of fraud at his sprawling conglomerate continued to unnerve investors. Five of the seven listed Adani Group companies ended the day 16% to 20% lower, and the other two fell by the maximum 5% permitted by India’s exchanges for their stocks. The market’s benchmark Nifty 50 index, which includes two Adani companies, fell to a three-month low.

☆ Adani Group Calls Fraud Allegations Baseless, Bemoans Stock Moves
▼ + stars: | 2023-01-26 | by ( Shan Li | Weilun Soon | ) www.wsj.com time to read: 1 min

The energy and infrastructure conglomerate controlled by Gautam Adani , India’s richest man, said stock-market moves that followed allegations of fraud outlined in a report by short seller Hindenburg Research had created anguish for Indian citizens. Adani Group ‘s seven listed companies lost a total of $10 billion in market value on Wednesday after New York-based Hindenburg accused the Indian conglomerate of wide-ranging fraud, including the use of shell companies to manipulate its share prices. Prices of U.S. dollar bonds issued by some of those companies also fell.

☆ At Least 68 Killed in Nepal Plane Crash
▼ + stars: | 2023-01-16 | by ( Krishna Pokharel | Shan Li | ) www.wsj.com time to read: 1 min

A plane crashed into a river gorge in central Nepal on Sunday, killing at least 68 people and sending Nepalese authorities into a scramble to determine what brought the aircraft down. The Yeti Airlines turboprop hit the gorge of the Seti River about a mile from its destination, Pokhara International Airport, according to Brig. Gen. Krishna Prasad Bhandari, the spokesman for the Nepalese army. Photos and TV footage showed black plumes of smoke and fire at the site, with crowds swarming around the wreckage.

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