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Picture Alliance | Picture Alliance | Getty ImagesBEIJING — China dominates the supply chain for many of the world's critical minerals, but so far it's held off on sweeping restrictions on at least one: tungsten. Almonty claims the forthcoming mine in South Korea has the potential to produce 50% of the world's ex-China tungsten supply. "We see in the U.S., in Europe, they ask their suppliers for a China-free supply chain," said Michael Dornhofer, founder of metals consulting firm Independent Supply Business Partner. watch nowBack in January, U.S.-based research firm Macro Ops said: "We're approaching an inflection point in tungsten supply. Other non-Chinese companies in the tungsten supply chain are going to South Korea.
Persons: Lewis Black, Biden, Black, Yadong, Almonty, Michael Dornhofer, Dornhofer, Brandon Beylo, he's, Mark Seddon, Warren Buffett Organizations: Saxony Minerals, ., Getty, Taiwan Semiconductor Manufacturing Company, Nvidia, Almonty Industries, China's Ministry of Commerce, Independent Supply, Energy, Security Holdings, European, Chinese Communist Party, U.S . Bureau of Industry, Security, Department of Commerce, CNBC, Argus, IMC, IMC Group Locations: Germany, BEIJING, China, Canada, South Korea, U.S, Europe, United States, South Korea China, North Korea, Africa, Myanmar, Daegu
The Biden administration awarded $504 million on Tuesday to a dozen projects across the country in a bid to transform communities that had been overlooked in the past into technological powerhouses. The grants will fund “tech hubs” that aim to bolster the production of critical technologies in regions including western Montana, central Indiana, South Florida and upstate New York. The hubs are meant to accelerate the growth of advanced industries in the United States, such as biomanufacturing, clean energy, artificial intelligence and personalized medicine. Proponents say the projects will help create “good-paying” jobs and tap into underutilized pools of workers and resources across the country. The idea of spreading technology funding beyond Silicon Valley helped the legislation win broader support from lawmakers representing parts of the country that were eager to benefit.
Organizations: Biden Locations: Montana, Indiana, South Florida, New York, United States, Silicon Valley
Jimmy Tsui, a former member of the Sun Yee On triad in Hong Kong and Tung On in New York City's Chinatown, breaks down 12 Chinese organized-crime scenes in movies and TV shows based on realism. Tsui also looks at scenes in New York City's Chinatown, such as the rivalry between two Tong associations in "The Corruptor," with Mark Wahlberg and Chow Yun-fat; and the gambling-house scene in "Year of the Dragon." Tsui also explains the rituals and hierarchy of the triads, such as the initiation-ceremony scene in "Election" (2005) and the voting scene in "The Brothers Sun" E7, starring Michelle Yeoh. This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now.
Persons: Jimmy Tsui, Tsui, Jackie Chan, Chris Tucker, Chow Yun, Leslie Cheung, Jet Li, Mel Gibson, Danny Glover, Leonardo DiCaprio, Matt Damon, Jack Nicholson, Jason Statham, Tony Leung, Andy Lau, Mark Wahlberg, Michelle Yeoh Organizations: Sun, Irish, San, Hong Kong, Infernal Affairs, Business Locations: Hong Kong, Tung, New York, Chinatown, United States, San Francisco
Tightness in labor markets is boosting the use case of robotics, Morgan Stanley says, predicting a boom in humanoids — or robots in human form. "Advancements in AI are transforming the robotics industry," Morgan Stanley analysts said in a June 26 report called: "Humanoids: Investment Implications of Embodied AI." The bank forecasts a humanoid population of 40,000 by 2030, 8 million by 2040 and 63 million by 2050. Morgan Stanley is not alone in its bullish stance on humanoids. Still, Morgan Stanley outlined a number of sectors set to potentially benefit from humanoids, with social care likely to be the largest total addressable market.
Persons: Morgan Stanley, it's, Elon Musk, Morgan Stanley's, , Michael Bloom, Lora Kolodny Organizations: Labor, Morgan Locations: China, United States, Asia, Europe
Japan's two largest commercial airlines are toughening their stances against travelers who verbally or physically abuse airline staff. Japan Airlines and All Nippon Airways updated their websites Friday with "customer harassment" policies, in the wake of rising instances of front-line worker abuse occurring across industries in Japan. "This has placed a significant burden on our employees, leading to cases where some have been forced to take leave," she said. Japan Airlines' policy also mandates airline staff to undergo harassment training — employees will be provided manuals detailing how to quickly and appropriately respond to "malicious" behavior. Both airlines' policies state that travelers who harass employers will be issued a warning, after which consequences can include denial of boarding and police involvement.
Persons: ANA's Yoshiko Miyashita Organizations: Japan Airlines, All Nippon Airways, CS, Nikkei Asia Locations: Japan
"Notably, acclimatization is the leading killer among the different factors related to heat illness," a senior administration official said. AdvertisementA senior administration official said OSHA's proposal, if finalized, would apply to all states including Texas and Florida. AdvertisementA senior administration official said OSHA's proposal is similar to standards that have been successful in those states. A senior administration official said OSHA will review state plans to ensure they are at least as effective as the federal rules. A senior administration official said OSHA also convened a national advisory committee of construction representatives comprised of management and labor interests.
Persons: , Biden, Donald Trump, Julie Su, it's, it's it's, acclimatization, Greg Abbott, Critics, Abbott, Su, she's, who've, She's Organizations: Service, Workers, Business, Occupational Safety, Health Administration, Republican, National Weather Service, Bureau of Labor Statistics, OSHA, Dade, Texas Gov, Houston, Guardian, American Farm Bureau Federation, Construction Industry Safety Coalition Locations: Texas, Florida, Miami, Austin, Minnesota , California, Washington , Oregon, Colorado, California, Washington and Oregon, California , Arizona
The shift is notable because it runs counter to the companies and countries that are experimenting with a four-day workweek. The extra hours will come with a 40% jump in pay for Greek workers who add two hours to their day or take on an extra eight-hour workday. He previously told BI that he and his management colleagues began looking into a four-day workweek after seeing successful pilots in Japan and other countries. They wanted to make sure we keep doing the four-day workweek," he said. AdvertisementBasis Technologies, an advertising software company, shifted its workweek to four and a half days after years of experiments with a four-day workweek and other approaches.
Persons: , Adedy, Zachary Toth, Toth didn't, Toth, Emily Barron, Barron, Kyriakos Mitsotakis, Aris, Germany's Organizations: Service, Business, Guardian, Research, Metex Corporation, Technologies, Aris Kazakos, Aristotle University of Thessaloniki, Germany's DW Locations: Greece, India, Toronto, Japan
“Without Nepal, Japan would not function.”The yellow flowers of the paperbush shrub seen in Dolakha, Nepal, in December 2023. Its bark has long, strong fibers that are perfect for making thin yet durable paper, according to the Kantou website. But as the shortage of Japanese paperbush became evident in the following years, Kanpou and the Nepali farmers ramped up production until they became the main source of the yen bill. It’s a protracted process, said Matsubara: farmers plant seedlings in early summer, harvest their branches in the fall, then spend several months processing the bark through steaming, peeling, washing and drying. The profits from the paperbush sales have provided a new revenue stream to Nepali communities, said Matsubara.
Persons: , , Tadashi Matsubara, Matsubara, Tadashi Matsubara Kanpou, It’s, it’s, Eiichi Shibusawa, , Kanpou Organizations: Tokyo CNN — Banks, Kanpou, , National Printing Bureau, Kyodo, Bank of Japan, Observatory, Ministry of Economy, Trade, Industry, government’s Japan International Cooperation Agency, CNN Locations: Japan, Nepal, China, Dolakha, Everest, Tokyo, Farmers, Kathmandu, Indian, Kolkata, Yokohama, Odawara, Ilam, Nepal’s Ilam
CNN —The number of available jobs in the US unexpectedly grew in May, signaling continued resilience in the nation’s labor market. Job openings jumped higher to 8.14 million in May, from a downwardly revised 7.91 million in April, according to the Bureau of Labor Statistics’ latest Job Openings and Labor Turnover Survey (JOLTS) report released Tuesday. While both hires and job openings rates (as a percentage of total employment) ticked higher for May, the quits rate and layoffs rate were unchanged. The labor market appears to be at a crossroads, Nick Bunker, Indeed Hiring Lab’s head of economic research, wrote in commentary posted Tuesday. But some Fed officials have noted that the job market has lost momentum recently and that it’s highly unclear whether it will continue to hold steady or weaken further.
Persons: Economists, , ” Robert Frick, switchers, David Tinsley, Nick Bunker, ” Bunker, , you’ve, Austan Goolsbee, ” Marisa DiNatale Organizations: CNN, Bureau of Labor Statistics ’, Labor, Navy Federal Credit Union, Industries, Bank of America, Bank of America Institute, , Federal Reserve, Chicago Fed, Bloomberg, European Central Bank, Moody’s, Labor Statistics Locations: Sintra , Portugal
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStock Exchange of Thailand's president discusses investment potential of countryPakorn Peetathawatchai, president of the Stock Exchange of Thailand, says there's "significant" investment potential in many of the country's industries.
Persons: Peetathawatchai Organizations: Email Stock, Stock Exchange of Locations: Stock Exchange of Thailand
Brooke Shields has a new office. It’s empty, and she hasn’t figured out how she wants to furnish it, or even how often she’ll be there, but it’s a sign of her new and unexpected status, as president of Actors’ Equity Association, the labor union representing theater actors and stage managers in the United States. She’s already led her first meeting of the union’s council, and came away realizing she has a lot to learn, starting with parliamentary procedure. Shields, of course, is one of those people who has been famous for so long, and in so many ways, that even she can’t remember a different time. She was a childhood model, a preteen movie star, a sex object and an icon of beauty, all before she went off to college (Princeton, thank you very much).
Persons: Brooke Shields, hasn’t, Kate Shindle, She’s, Shields Organizations: ’ Equity Association, Princeton Locations: United States, union’s
Now he has a marketing job for a solar company that offers flexibility and career mobility. My career has been the wildest ride since I got my solar-installation training just a year ago. AdvertisementI graduated in May 2023 and, after a summer job traveling to Alaska to create educational programs, started job searching in the solar industry in the fall. The solar industry needs everything that any other industry needs, and the growth is happening so fast. When I envision the future of my solar career, it seems like the sky's the limit.
Persons: Aaron Nichols, , Nichols, he's, I've, It's Organizations: Service, North American Board of Certified Energy, , SunCast Locations: Alaska
The ruling came on the final day of the Supreme Court's term that began in October. At issue in the case was whether Corner Post was too late when it brought its legal challenge. A group of small business associations had filed a brief urging the Supreme Court to maintain a strict statute of limitations that begins at the time a regulation is finalized. The Supreme Court in 2015 left in place a lower court's ruling backing the regulation. Circuit Court of Appeals upheld Traynor's decision, setting up the Supreme Court appeal.
Persons: Dado Ruvic, Charles Koch's, Joe Biden's, Dodd, Frank Wall, Daniel Traynor, Traynor's, John Kruzel, Will Dunham Organizations: REUTERS, Companies, Mastercard, WASHINGTON, U.S, Supreme, Federal, U.S . Chamber of Commerce, Federal Reserve, of Governors, District, Circuit, Fed, Thomson Locations: North Dakota, Watford City, Corner, St, Louis
Additionally, he's 57 and his Social Security check won't kick in until he's at least 62. Related storiesDacus and Stephen live in Robinson, Illinois, on their combined monthly Social Security income of $2,140. Sometimes, she has to request an advance on their Social Security checks so they can pay for their meals or utilities. AdvertisementBabin said it's especially difficult for older adults to qualify for government assistance even if their Social Security income doesn't cover basic necessities. AdvertisementIn retirement, Hambrick thought she would be "traveling to new places and having fun with my husband."
Persons: , Hambrick, Social Security Mary Dacus, Stephen, Dacus, we'll, Angela Babin, Babin, Hurricane Ida, doesn't Organizations: Service, Social Security, Business, Northwestern Mutual, Income, Alliance for Lifetime, Survey, Security, Social, Medicare, SNAP, Boomers Locations: Tulsa , Oklahoma, America, Robinson , Illinois, Houma , Louisiana, New Orleans, Florida
Demand for solar jobs is growing in response to clean-energy goals and government incentives. Many entry-level solar jobs don't require higher education, and they offer on-the-job training. Solar jobs offer a low barrier to entry and high growth potentialHowever, the shortage means there are many affordable, accelerated solar training programs designed to help people get their foot in the door. Collardson added that people with backgrounds in areas such as marketing, engineering, and law could apply their skills to jobs at solar companies. HelieneThe solar industry can support long-term careersWhile Collardson acknowledged that specific solar jobs could grow or shrink as incentives and demands change, they said they believe there will always be jobs in the solar industry for those willing to be flexible.
Persons: Kate Collardson, Karl Wendt, Wendt, Martin Pochtaruk, Collardson, it's, Pochtaruk Organizations: Service, US Department of Energy, View Research, Corporations, House, Industries, Middle, Goodwill Industries, Companies Locations: Middle Tennessee
“So far, the labor market has adjusted slowly, and the unemployment rate has only edged up. The industries that were most likely to advertise part-time work as of May were beauty and wellness; personal care and home health; retail; food preparation and service; and sports, Indeed said. During the Great Recession from 2007 to 2009, part-time work rose sharply, according to research from the San Francisco Fed. “There was this rise in part-time work when the economy and the labor market were doing well coming out of the pandemic,” Culbertson told CNN. The US Labor Department releases June figures gauging the state of the labor market, including monthly job growth, wage gains and the unemployment rate.
Persons: Mary Daly, ” Daly, Daniel Culbertson, ” Culbertson, Alicia Wallace, Friday’s, Jerome Powell, John Williams Organizations: CNN Business, Bell, Washington CNN — Companies, Labor Department, Federal Reserve, San Francisco Fed, Commonwealth Club World Affairs of, CNN, Commerce Department, Commerce, P Global, Institute for Supply Management, European Central Bank, US Labor Department, Constellation Brands, Constellation Brands . New York Fed, US Commerce Department, New York Fed Locations: Washington, Commonwealth Club World Affairs of California, Constellation Brands .
"Nobody really knows, and that uncertainty is uncomfortable," said Lisa Schilling, director of practice research at the Society of Actuaries Research Institute, the research arm of the Society of Actuaries. Longevity risk measures the likelihood someone may live longer than expected and outlive their savings. The tool asks for basic information on either an individual or a couple: age, sex, retirement age, smoking status and a description of their general health — poor, average or excellent. The results aim to provide a "reasonable" estimate of how long you might live, according to the organizations. Health status affects life expectancy projectionsChronic health conditions such as high blood pressure, cardiovascular disease, cancer, diabetes, high cholesterol, tobacco use, obesity or Parkinson's disease reduce an individual's projected life expectancy.
Persons: Lisa Schilling, haven't, Schilling Organizations: Istock, Society of Actuaries Research, Society of Actuaries, HealthView Services, Finance, Social Security Workers, of Actuaries, American Academy, Actuaries, American Academy of Actuaries, Social Security, Social
Instead, they're calling for companies to train their models on synthetic data. Synthetic data is artificially generated rather than collected from the real world. AdvertisementBusiness Insider chatted with Ali Golshan, CEO and cofounder of Gretel, who one might call an evangelist for synthetic data. Why is synthetic data better than raw public data? AdvertisementUltimately, the other part of it is that synthetic data is very good at privacy if you have enough data.
Persons: , Ali Golshan, Gretel, Young, There's Organizations: Service, Companies, Meta, Google, Business, Ernst, Riot, Federal Trade Commission
Borderless tech hiring has doubled in the last three years, according to Gartner's 2023 CEO Survey. By 2022, the tech talent workforce in cities like Beijing and Delhi far outweighed that of U.S. powerhouses like San Francisco and New York, reports CBRE Global Tech Talent Guidebook 2024. The report cites burgeoning tech talent markets like Bucharest, Romania; Cape Town, South Africa; Cebu City, Philippines; Nairobi, Kenya and more. Pockets of talent worldwideAdam Jackson, CEO of decentralized tech talent platform Braintrust, does borderless differently. Caplan relishes in the more altruistic potential of borderless employment, namely its ability to "lift up communities around the globe."
Persons: Jeremy Johnson, Goldman Sachs, Johnson, John Caplan, Adam Jackson, Jackson, That's, synchronously, Caplan, Caplan relishes Organizations: CBRE Global Tech, Global, NASA, Deel's Locations: Beijing, Delhi, U.S, San Francisco and New York, Bucharest, Romania, Cape Town , South Africa, Cebu City, Philippines, Nairobi, Kenya, Braintrust, San Francisco, Silicon Valley, Europe, Africa, America
A GLAAD spokesperson said Friday that the group has not seen donations or corporate support decline this Pride month, though it does not yet have a total tally. Pride Month merchandise is displayed at a Target store on May 31, 2023 in San Francisco, California. A sign disparaging Bud Light beer is seen along a country road on April 21, 2023 in Arco, Idaho. Anheuser-Busch, the brewer of Bud Light has faced backlash after the company sponsored two Instagram posts from a transgender woman. For its part, Bud Light hasn't posted in support of Pride month on its Instagram or X pages this year.
Persons: Stephen J, Cohen, Bud Light, Luke Hartig, Tim Bennett, Bennett, Sarah Kate Ellis, Ellis, JPMorgan Chase, Booking.com, Joe Biden, Justin Sullivan, Bud, Target, Natalie Behring, Kid Rock, Ron DeSantis, influencer Dylan Mulvaney, Bud Light's, Michel Doukeris, Bud Light hasn't, Neil Reid, Reid, Tarang Amin, Tara Dziedzic Organizations: Getty, Gravity Research, D.C, Fortune, Tribury Productions, Procter & Gamble, GLAAD, Stonewall, Monument Visitor Center, New, Google, JPMorgan, Target, Pride Month, Anheuser, Busch, Busch InBev, Florida Gov, Constellation Brands, Modelo, InBev, UFC, RBC, University of Toledo, Fox News, The New York Stock Exchange, NYSE Locations: Louisville , Kentucky, Washington, New York City, San Francisco , California, Arco , Idaho, U.S, RBC Europe
Read previewGetting access to fertility benefits through your employer used to feel like a luxury reserved for workers at major tech companies. Many companies offer fertility benefits by partnering with providers like Progyny and Carrot, which offer customizable plans. Related storiesOffering great fertility benefits is one way companies can compete for top talent, especially millennials and younger professionals. A recent HR Brew/Harris Poll found that, overall, 63% of respondents thought companies should offer fertility benefits to employees. AdvertisementAnevski expects the number of businesses and industries offering fertility benefits will only increase, especially as top talent comes to expect it as part of a desirable job.
Persons: , Pete Anevski, it's, Progyny, Anevski, Megan Garner, Carrot, Garner, Fortune, Mercer, Harris, Gen Organizations: Service, Business, Microsoft, Google, Nike, Carrot, Progyny Locations: West Coast
These include insufficient money to pay for college right out of high school and, "especially for women, family constraints." "What happens when people have kids right after high school that would keep them from going to college? After graduating from high school, Jones briefly enrolled in some English courses at a university but dropped out, saying he didn't have a focused mindset at the time. I haven't dealt with who I am or where I am in life," Jones told BI. According to a recent report from Gallup and the Lumina Foundation on the state of higher education in 2024, "adults' interest in pursuing some form of higher education is at the highest level" the organizations ever recorded.
Persons: Laura Rodgers, Rodgers, she's, I'm, Laura Rodgers Rodgers, she'll, Pauline Corblet, New York University Abu Dhabi, Corblet, it's, Alexander Jones, Jones, wasn't, Alexander Jones Jones, didn't, Josh Becker, He's, Becker, Matt, Matt —, Organizations: Service, Business, National Center for Education Statistics, National Bureau of Economic Research, New York University, Deloitte, Gallup, Lumina Foundation Locations: New York University Abu
Noemi Cassanelli/CNNA man works at Shaikh’s workshop in Dharavi slum on April 14. “All slum redevelopment is quite fraught,” Kamath said. Noemi Cassanelli/CNNWomen chatting in Dharavi on April 14 Noemi Cassanelli/CNNA woman carrying fabric walks along a narrow alley in Dharavi on April 14. He is India’s largest airport operator and owns India’s biggest private port operator and private thermal power operator. The state and Adani deny any wrongdoing, but that hasn’t stopped many residents from viewing Adani and his government ties with suspicion.
Persons: Noemi Cassanelli, Masoom Ali Shaikh, , , Gautam Adani, Jeff Bezos, ” Adani, ” Shaikh, ” Lofty, Dharavi, they’re, Lalitha Kamath, ” Kamath, aren’t, Dilip Gabekar, Narendra Modi, Adani, , Gabekar, Shaikh, They’re, Baburao Mane, Mane, CNN Neeta Jadhav, Neeta Jadhav, Jadhav, Dhanshuk Purshottamwala, He’s, Kamath, Prasant, hasn’t, Modi, ferociously, Reshma Prasant Organizations: CNN, India CNN, Adani, Tata Institute of Social Sciences, Reuters, Adani Enterprises, Bharatiya Janata Party, Private, Manohar Joshi, NDTV Locations: Mumbai, India, CNN Mumbai, Dharavi, Uttar Pradesh, Gujarat, Tamil Nadu, , Adani, Maharashtra, It’s, India’s
A spate of decisions over the past two years by the Supreme Court has significantly impaired the Environmental Protection Agency’s authority to limit pollution in the air and water, regulate the use of toxic chemicals and reduce the greenhouse gasses that are heating the planet. This term, the court’s conservative supermajority handed down several rulings that chip away at the power of many federal agencies. But the environmental agency has been under particular fire, the result of a series of cases brought since 2022 by conservative activists who say that E.P.A. regulations have driven up costs for industries ranging from electric utilities to home building. That decision threatens the authority of many federal agencies to regulate the environment and also health care, workplace safety, telecommunications, the financial sector and more.
Persons: Chevron
But that gave too much power to unelected government officials, according to conservatives, who ran a coordinated, multiyear campaign to end the Chevron doctrine. The Environmental Protection AgencyEnvironmentalists fear that the end of the Chevron doctrine will mean the elimination of hundreds of E.P.A. “I would expect the industry to attack the F.D.A.’s authority to do premarket review at all,” said Desmond Jenson, deputy director of the commercial tobacco control program at the Public Health Law Center. Others noted the Chevron decision could have a chilling effect, compelling the F.D.A. “The Supreme Court has not relied on Chevron in quite a few years,” she said.
Persons: , Lisa Heinzerling, Donald J, Trump, Mandy Gunasekara, President Trump, Jonathan Berry, doesn’t, ” Rather, Berry, ” Mr, Chevron, Biden, Garden, , Desmond Jenson, Nicholas Bagley, Rachel Sachs, Louis, Abbe R, Gluck, Ms Organizations: Georgetown University, , Congress, Labor, Act, Republican, Trump, Chevron, Labor Department, Mr, Environmental Protection Agency, Biden, University of Minnesota, The National Labor Relations Board, Food, Drug Administration, Public Health Law Center, Health, Affordable Care, University of Michigan, Washington University School of Law, Department of Health, Human Services, Centers, Medicare, Services, Yale Law School, Treasury, Internal Revenue, Treasury Department, Internal Revenue Service Locations: Chevron, St
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