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☆ Qatar Airways CEO Akbar Al Baker: Aviation will miss net zero target
▼ + stars: | 2023-06-05 | by ( Tom Foster | ) edition.cnn.com time to read: +2 min

London CNN —The CEO of Qatar Airways has described the airline industry’s emissions goals as a “PR exercise,” saying aviation is on track to miss its target to achieve net zero status in 2050. “Let us not fool ourselves,” Al Baker told CNN’s Richard Quest. Currently, SAF production is less than 0.1% of what is needed for aviation to achieve net zero. “We’re openly acknowledging that this is going to be a huge challenge,” Walsh told Quest as the IATA meeting began on Sunday. Despite his skepticism on the industry’s current emissions targets, he still believes that net zero is achievable.

Persons: Akbar Al Baker, ” Al Baker, CNN’s Richard Quest, “, Al Baker, ”, Willie Walsh, Walsh, “ We’re, ” Walsh, Quest, I’m Organizations: London CNN, Qatar Airways, CNN, International Air Transport Association, SAF

☆ Tim Cook says AI is 'huge,' but flags the need to be 'deliberate and thoughtful' on how Apple deploys it
▼ + stars: | 2023-05-04 | by ( Sindhu Sundar | Aaron Mok | ) www.businessinsider.com time to read: +3 min

AI is "huge," but Apple will remain careful folding it into products, CEO Tim Cook said Thursday. Cook said Apple has already been incorporating AI technology into some of its products. "It's very important to be deliberate and thoughtful on how you approach these things," Cook said during the company's earnings call Thursday. "We view AI as huge and we'll continue weaving it in our products on a very thoughtful basis." Meanwhile, OpenAI CEO Sam Altman has himself been among those in the field sounding concerns about the potential directions generative AI technology could take.

☆ The head of tech at indie music publisher TuneCore credits the company's growth to its collaborative approach to building new products
▼ + stars: | 2023-04-13 | by ( Nicholas Fearn | ) www.businessinsider.com time to read: +6 min

Thanks to the advancement of technology, music is transforming rapidly and becoming more accessible than ever before. In an industry dominated by behemoths like Spotify and Apple Music, TuneCore continues to strengthen. The mastermind behind TuneCore's product, technology, and operations is chief technology and product officer (CTPO) Alisha Outridge. To create the most impactful products, TuneCore utilizes a dual qualitative and quantitative measurement approach. Reflecting on the past decade, Outridge said Web 2.0 technologies have transformed "how fans discover new music and artists, connect with their favorite artists, and how artists create music."

☆ BHP, engineering firm Hatch to design electric smelting plant in Australia
▼ + stars: | 2023-03-22 | by ( ) www.reuters.com time to read: +1 min

March 23 (Reuters) - BHP Group (BHP.AX) on Thursday signed an agreement with an engineering and project management firm Hatch to design an electric smelting furnace pilot plant in Australia in an attempt to slash its greenhouse gas emissions to zero by 2050. The facility will help lower carbon dioxide intensity in steel production using iron ore from the global miner's Pilbara mines. The plant will be able to produce steel from iron ore using renewable electricity and hydrogen replacing coking coal. Last October, the mining giant teamed up with steelmaker ArcelorMittal (MT.LU) and two others to test a new technology to reduce carbon emissions in steelmaking at two plants in Belgium and North America. Reporting by Navya Mittal in Bengaluru; Editing by Shilpi Majumdar and Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.

REUTERS/Tingshu WangHONG KONG/BEIJING/SHANGHAI, March 3 (Reuters) - As unprecedented protests against China's zero-COVID policies escalated in November, Li Qiang, the man recently elevated to No.2 on the ruling Communist Party's Politburo Standing Committee, seized the moment. Meanwhile, some local-level party workers and healthcare officials were grappling with growing challenges in implementing the zero-COVID policy. "From my perspective, it's not that we set out to relax the zero-COVID policy, it's more that we at the local level were simply not able to enforce the zero-COVID policy anymore," the official said. In mid-November, when Xi was still in Southeast Asia, he ordered Chinese authorities to "unswervingly" execute the zero-COVID policy, said two of the people, after which some cities retightened curbs. Xi's vacillating led to renewed debate on COVID policy among top leaders during mid to late November, one of these people and another person said.

☆ Potential buyers are leveraging high-profile blowups like Frank and FTX to get better terms. Insiders detail how dealmaking is changing in 2023.
▼ + stars: | 2023-02-07 | by ( Paige Hagy | Bianca Chan | Carter Johnson | ) www.businessinsider.com time to read: +10 min

We don't want to look like JPMorgan,'" Jason Mikula, fintech analyst and writer behind Fintech Business Weekly, told Insider. How closely they adhere to it matters greatly in terms of if a deal is on the line," Mandelbaum told Insider. Investors pumped $132 billion globally into fintechs in 2021 and there were more than 900 fintech M&A exits, according to CB Insights. "It's now a buyer's market," Rob Brown, CEO of Lincoln International, a global investment-banking advisory firm, told Insider. One way companies might optimize the due-diligence process without cutting corners is by leaning on machines to help with the heavy lifting.

☆ The dealmaking boom meant fast timelines and loose due diligence. But high-profile implosions like FTX and Frank mean would-be sellers can expect more scrutiny, insiders say.
▼ + stars: | 2023-01-27 | by ( Paige Hagy | Bianca Chan | Carter Johnson | ) www.businessinsider.com time to read: +10 min

☆ Here are some of Credit Suisse's top stock picks heading into 2023
▼ + stars: | 2022-12-14 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Credit Suisse has refreshed its list of top U.S. stock picks. Microsoft is among Credit Suisse's "top of the crop" ideas, along with Discover Financial and Motorola Solutions . Here are 10 of Credit Suisse's top picks: Microsoft is a recurring "top of the crop" pick, chosen by Credit Suisse analysts for its potential to "disproportionately benefit" from the accelerated shift from infrastructure and platform layers to cloud-first roadmaps. Among the newcomers, Ross Stores is one of Credit Suisse's top picks among discount retailers. Credit Suisse's price target is about 4% from Tuesday's closing price.

☆ Crypto winter end in sight as Ethereum looks to shake the chills- analysts
▼ + stars: | 2022-12-12 | by ( ) www.reuters.com time to read: +6 min

J.P.MORGAN:"We believe that the Ethereum Merge and really the Ethereum Surge could be a big factor in terms of increasing the use-cases for blockchain into new areas, including financial services," analysts said in an early December note. The Ethereum Merge was a major software upgrade to the Ethereum blockchain that went live in September and reduced its energy usage by 99.95%, according to developers. "We continue to see the Ethereum Surge as a catalyst for development in the cryptocurrency markets, which appears at least 6-12 months away." "From the China crackdown to the several price crashes in earlier 2022, crypto mining has shown an approximately 1-to-1 price-power relationship. Norwood expects the crypto market to pick up in about six months.

☆ Insiders detail how Wall Street is preparing for a post-FTX world, from heightened scrutiny on crypto deals to rethinking hiring plans
▼ + stars: | 2022-11-22 | by ( Morgan Chittum | Bianca Chan | Carter Johnson | ) www.businessinsider.com time to read: +12 min

Most Wall Street firms have executed big crypto and blockchain initiatives. The ties between Wall Street, Main Street, and digital assets have never been tighter. Some traditional firms have chosen crypto custodians to do that for them, while others offer it themselves. Fidelity also has its own digital assets custody offering, and reportedly had plans to continue building out its digital-asset team as recently as late October. 121, which requires most SEC registrants to record the fair value of custodied digital assets as a liability.

☆ Degrowth: A dangerous idea or the answer to the world's biggest problems?
▼ + stars: | 2022-11-13 | by ( Julia Horowitz | ) edition.cnn.com time to read: +10 min

“An innocent 2 or 3% per year, it’s an enormous amount of growth — cumulative growth, compound growth — over time,” said Giorgos Kallis, a top degrowth scholar based at the Universitat Autònoma de Barcelona. Action Press/ShutterstockThe UN’s Intergovernmental Panel on Climate Change recently cited degrowth in a major report. Investment bank Jefferies said investors should consider what happens if degrowth gathers steam, noting “climate-anxious” younger generations have different consumer values. She’s criticized “fairy tales about non-existent technological solutions” and “eternal economic growth.” And she’s touched on another point degrowthers raise: Is our current system, which has produced rampant inequality, even working for us? Gates, the Microsoft co-founder who’s prioritized investing in climate innovations, admits that overhauling global energy systems is a Herculean task.

The plan would show how the food industry and farming can align with the world's goal of capping global warming at 1.5 degrees Celsius, Food and Agriculture Organization Deputy Director Zitouni Ould-Dada said. More than forty investors managing a combined $18 trillion urged the FAO in June to create a plan to curb emissions in the sector, often overlooked in global warming debates yet one of the biggest sources of climate-damaging emissions. "There has never been this much attention to food and agriculture anytime before. Livestock accounts for nearly a third of the global methane emissions linked to human activity, released in the form of cattle burps, manure and the cultivation of feed crops. Reporting by Simon Jessop and Sarah El Safty; Editing by Frank Jack DanielOur Standards: The Thomson Reuters Trust Principles.

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