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But a new U.S. law offering hefty subsidies to local manufacturers of green technology has given the company pause for thought. That is roughly four times what the German government is offering, he said, with cheaper energy prices in the United States on top. The act introduces tax credits related to investment in green technology, plus tax breaks for consumers buying an electric vehicle or other green product made in North America. German carmakers and suppliers, for which the United States is a main export market, are among its biggest victims. "If we don't do anything, a lot will emerge in the United States," said Siemens Energy (ENR1n.DE) Chief Executive Christian Bruch.

☆ Results: Republican Sen. Lisa Murkowski defeated Trump-endorsed Kelly Tshibaka in Alaska's Senate election
▼ + stars: | 2022-11-28 | by ( Hanna Kang | Bartie Scott | ) www.businessinsider.com time to read: +6 min

Sen. Lisa Murkowski ran against fellow Republican Kelly Tshibaka and Democrat Patricia Chesbro, but the battle was largely between the two Republicans. Tshibaka was endorsed by Donald Trump, while Murkowski had the endorsements of several high-profile Democrats, including Sen. Joe Manchin. Republican Sen. Lisa Murkowski defeated Democrat Patricia Chesbro and fellow Republican Kelly Tshibaka in Alaska to represent the state in the US Senate. Her Republican challenger, Tshibaka, raised $4.8 million, spent $4.2 million, and had $692,428 cash on hand, as of October 19. Murkowski benefitted from most of that spending, including a $6.1 million boost from the Senate Leadership Fund, a national Republican super PAC.

☆ U.S. Senate eyes tightened restrictions on Chinese semiconductors
▼ + stars: | 2022-11-28 | by ( Patricia Zengerle | ) www.reuters.com time to read: +1 min

WASHINGTON, Nov 28 (Reuters) - The Democratic leader of the U.S. Senate urged lawmakers on Monday to back his proposal to bar the U.S. government from doing business with companies that use semiconductors made by producers the Pentagon considers Chinese military contractors. "We need our government and our economy to rely on chips made right here in America." The proposal from Schumer and Cornyn would broaden an existing ban on government use of Chinese chips. "We need to stay tough on the Chinese government and its actions," Schumer said. Reporting by Patricia Zengerle, additional reporting by Katharine Jackson; Editing by Bill BerkrotOur Standards: The Thomson Reuters Trust Principles.

The U.S. will require that Chevron report details of its financial operations to ensure transparency. WASHINGTON—The U.S. said it would allow Chevron Corp. to resume pumping oil from its Venezuelan oil fields after President Nicolás Maduro’s government and an opposition coalition agreed to implement an estimated $3 billion humanitarian relief program and continue dialogue in Mexico City on efforts to hold free and fair elections. Following the Norwegian-brokered agreement signed in Mexico City, the Biden administration granted a license to Chevron that allows the California-based oil company to return to its oil fields in joint ventures with the Venezuela national oil company, Petroleos de Venezuela SA. The new license, granted by the Treasury Department, permits Chevron to pump Venezuelan oil for the first time in years.

Patricia Marquis, director of the Royal College of Nursing (RCN) union in England, said the government must listen. "This is not something that nurses do at the drop of a hat," she told Reuters. But the RCN's Marquis said that without higher pay, staff would continue to leave the profession, increasing the pressure on those who remain and ultimately damaging patient care. "But each time I've had the chance, I sort of had to pause for a minute and say 'I can't leave my patients. I can't leave my colleagues to suffer alone'," he said.

Sen. Lisa Murkowski has won re-election in Alaska, NBC News projected Wednesday, dealing former President Donald Trump another loss in what has largely been a miserable midterm cycle for his hand-picked candidates in competitive Senate races. Murkowski, one of only seven Republicans who voted to convict Trump at his second impeachment trial, survived a challenge from Trump-endorsed Kelly Tshibaka, a former Alaska Department of Administration commissioner. Murkowski, Tshibaka, Democrat Patricia Chesbro and Republican Buzz Kelley all advanced from a nonpartisan August primary. The Alaska Republican Party censured her and Trump began calling her the “disaster from Alaska,” ultimately backing Tshibaka to challenge her. Murkowski also is known for her moderate profile in the Senate and for her willingness to work with Democrats.

The U.S. is poised to grant a license to Chevron Corp. to pump oil in Venezuela, a policy shift that would ease yearslong sanctions and could open the door for other oil companies to do business there. The U.S. oil company would regain partial control of its oil-production and maintenance activities in dilapidated Venezuelan oil fields it has retained stakes in through joint ventures with the state-run oil company Petróleos de Venezuela SA It wouldn’t make new investments there until certain debts are repaid, which could take years, according to people familiar with the matter.

☆ Catalonia limits water use as Spain prays for rain
▼ + stars: | 2022-11-22 | by ( Associated Press | ) www.nbcnews.com time to read: +2 min

BARCELONA, Spain — Barcelona and large swathes of Spain’s northeast are going under water restrictions as a months-long drought that has devastated crops starts to put the pinch on human activities in the Mediterranean country. City dwellers won’t be permitted to use drinking water to wash the exterior of houses or cars or to fill swimming pools. Over 500 town halls, including Barcelona, must stop filling public fountains or cleaning streets with drinking water. While reservoirs in Spain’s south near Seville are now the driest, Catalonia’s water reservoirs are down to 34% of capacity, according to Spain’s ministry for the ecological transition. In 2008, a prolonged drought forced Spanish authorities to bring in water to Barcelona via boat to guarantee domestic use.

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☆ Analysis: First U.S. coral insurance marks the rise of the reef brigades
▼ + stars: | 2022-11-21 | by ( Clare Baldwin | ) www.reuters.com time to read: +5 min

On Monday, the global 'Reef Brigades' plan came closer to reality when it bought an insurance policy on behalf of the state of Hawaii, the first U.S. coral insurance contract, which will provide funds for repair work, building on similar policies taken out in the Caribbean. Apart from being a precious nursery for fish, coral reefs that fringe developed coastlines can limit flooding by providing a barrier against ocean storm surges, meaning insurers have every interest in protecting them. For the premium of $110,000 in Hawaii's contract announced on Monday, that state will get up to $2 million of insurance protection for its coral reefs until the end of December 2023. Just offshore from some of the country's most famous Mayan ruins, local tourism businesses and the government bought an insurance policy to cover their share of the Mesoamerican Reef. Willis Towers Watson, which worked on the MAR Fund policy and the Hawaii policy, said it is actively working on a coral reef policy for Fiji, and policies for coral reef bleaching, run-off due to excessive rainfall, and lost fishing days due to climate change-induced storms.

☆ In Latin America, mothers of LGBTQ children fight against prejudice
▼ + stars: | 2022-11-21 | by ( Associated Press | ) www.nbcnews.com time to read: +6 min

Founded in 2017, the Latin American Movement of Mothers of LGTB+ Children lobbies governments to eliminate prejudical laws and better enforce existing bans on violence and discrimination. Members of the Latin American Movement of Mothers of LGTB+ Children during a march in Buenos Aires, Argentina, on Nov. 5. The Latin American Movement of Mothers of LGTB+ Children held its first in-person meeting in early November in Buenos Aires, where they attended the annual massive gay pride march on Nov. 5. In some countries, mothers who try to help their children deal with discrimination suddenly find themselves the subject of scrutiny. Delfín said that she is one of two mothers in Santa Cruz who are activists fighting for their LGBTQ children.

NASSAU, Bahamas— Sam Bankman -Fried’s $32 billion crypto-trading empire collapsed in an incandescent bankruptcy last week, prompting irate customers, crypto acolytes and Silicon Valley bigwigs to ask how something that seemed so promising could have imploded so fast. The emerging picture suggests FTX wasn’t simply felled by a rival, or undone by a bad trade or the relentless fall this year in the value of cryptocurrencies. Instead, it had long been a chaotic mess. No one could say exactly what belonged to whom. Prosecutors are now investigating its collapse.

Sam Bankman-Fried, FTX’s 30-year-old founder, became the face of the company and, to some, crypto at large. The first red flagsNot long after Bankman-Fried started FTX, crypto began to boom. Venture capital money flooded into all things blockchain and crypto, and crypto platforms moved to attract customers beyond the technologists and blockchain evangelists that once fueled its rise. These digital tokens use blockchain technology, in which computers contribute to a shared ledger that can be used to track digital assets. Graeme Sloan / Sipa USA via APThe Wall Street Journal and CNBC, also citing anonymous sources, reported that Alameda had used FTX funds for trading.

☆ 'She Said' review: Carey Mulligan and Zoe Kazan star as the New York Times reporters who helped break the Harvey Weinstein story
▼ + stars: | 2022-11-18 | by ( Review Brian Lowry | ) edition.cnn.com time to read: +3 min

“She Said” nevertheless joins a long tradition of movies about dogged reporters exposing injustice, and in this case helping spawn a sweeping movement. The film is adapted from the book by New York Times reporters Megan Twohey and Jodi Kantor, which might explain why the work of Ronan Farrow is mentioned but conspicuously shortchanged. Setting that aside, the heart of “She Said,” which begins with Twohey (Carey Mulligan) reporting on Donald Trump, centers on her collaboration with Kantor (Zoe Kazan) to lay bare the predatory behavior of Harvey Weinstein. Carey Mulligan and Zoe Kazan play New York Times reporters in the fact-based movie "She Said." (The film’s producers include Brad Pitt, who has spoken of confronting Weinstein back when he was dating Gwyneth Paltrow.)

☆ FTX Auditors Doubled as Crypto Industry Cheerleaders
▼ + stars: | 2022-11-17 | by ( Jean Eaglesham | Patricia Kowsmann | ) www.wsj.com time to read: 1 min

When FTX faced a liquidity crunch, the auditor of its U.S. unit seized the moment to promote its services for other crypto companies that were under the spotlight. It is a “great time to remember” Armanino LLP’s specialized crypto assurance, the firm tweeted last week, referring to a product that verifies customer assets held by crypto firms.

☆ Republican U.S. House will sharpen China focus, monitor Ukraine aid
▼ + stars: | 2022-11-17 | by ( Patricia Zengerle | ) www.reuters.com time to read: +6 min

Representative Michael McCaul, the Republican in line to head the House Foreign Affairs Committee, said his top priority will be competing with a rising China, including monitoring high-tech exports. To become law, any bills must be passed by the Democratic-controlled Senate and be signed by President Joe Biden. McCaul said he expected the aid to keep flowing, noting bipartisan support for the Kyiv government. The House Foreign Affairs and Oversight committees also plan a joint investigation of business dealings that Hunter Biden had with a Chinese energy firm in 2017. The Democratic-led House impeached Trump in 2019 on charges that he withheld military aid to Ukraine to put pressure on President Volodymyr Zelenskiy to launch an investigation of Hunter Biden.

☆ U.S. House Speaker Pelosi wraps up long and historic leadership career
▼ + stars: | 2022-11-17 | by ( Patricia Zengerle | ) www.reuters.com time to read: +6 min

For our daughters and our granddaughters, now the sky is the limit," Pelosi said after first becoming speaker in 2007. As speaker, Pelosi helped pass the 2010 Affordable Care Act, a law dubbed Obamacare that enabled millions of previously uninsured Americans to obtain medical coverage. The visit capped decades of Pelosi's high-profile opposition to China's authoritarian rulers including President Xi Jinping. During her first stint as speaker, Pelosi called Bush "a total failure." Though branded a West Coast liberal by Republicans, Pelosi first learned politics 60 years ago on the East Coast as the daughter of a big-city mayor and congressman, Baltimore's Thomas "Big Tommy" D'Alesandro.

"There's now a big push to get nature into sovereign debt markets," said Simon Zadek, executive director at NatureFinance, which advises governments on debt-for-nature swaps and other types of climate-focused finance. At that level, it would be the biggest debt-for-nature swap struck to date. The combined value of swap deals to date is $3.7 billion, according to the data. Securing the buy-in of development banks is usually key for the economics of a deal. The WWF has projects in Central and South America where they are monitoring deforestation by tracking jaguars, said Brenes, who has worked on debt-for-nature swaps for the last 25 years.

☆ Binance Chief Changpeng Zhao Scrambles to Shore Up Crypto
▼ + stars: | 2022-11-15 | by ( Patricia Kowsmann | ) www.wsj.com time to read: 1 min

Changpeng Zhao , founder of dominant crypto platform Binance, has made a series of proposals in recent days, seeking to restore order to the digital-currency universe following the collapse of rival FTX. His own success may depend on it. By assuming the role of a de facto central banker for the unruly and unregulated crypto world, Mr. Zhao helps make Binance appear safer from the storms that enveloped its rival.

A little-traded digital currency created by Sam Bankman -Fried’s now-bankrupt FTX cryptocurrency exchange played a crucial role in the company’s collapse. The digital currency is FTT, which was created by FTX. It isn’t unusual for a crypto exchange to issue its own currency, both to allow founders and early investors to profit if the value rises and to motivate traders to use the exchange.

FTX CEO Sam Bankman-Fried said in a tweet Thursday that Alameda Research was winding down trading. Crypto exchange FTX lent billions of dollars worth of customer assets to fund risky bets by its affiliated trading firm, Alameda Research, setting the stage for the exchange’s implosion, a person familiar with the matter said. FTX Chief Executive Sam Bankman-Fried told an investor this week that Alameda owes FTX about $10 billion, the person said. FTX extended loans to Alameda using money that customers had deposited on the exchange for trading purposes, a decision that Mr. Bankman-Fried described as a poor judgment call, according to the person.

The Alaska Senate race is headed to a ranked choice runoff, as no candidate on the ballot, including the top two vote-getters, GOP Sen. Lisa Murkowski and GOP challenger Kelly Tshibaka, will reach 50%, according to NBC News. In ranked-choice elections, voters identify first choices on their ballots, then rank the other candidates in order of preference. If no candidate receives a majority of first-choice votes on the first count, the election moves to an instant runoff. In 2020, Alaska voters approved a move to nonpartisan primaries that send the top four vote-getters to ranked choice general elections. ET): A previous version of this article misstated when Alaska voters approved a move to nonpartisan primaries and ranked choice general elections.

☆ Keurig Dr Pepper CEO resigns after violating company's code of conduct
▼ + stars: | 2022-11-10 | by ( Amelia Lucas | ) www.cnbc.com time to read: +1 min

Keurig Dr Pepper announced Thursday that CEO Ozan Dokmecioglu agreed to resign after violating the company's code of conduct, less than four months into the job. Keurig Dr Pepper's board reappointed Bob Gamgort, chairman and former CEO, as chief executive. Keurig Dr Pepper's stock has risen 3% this year, increasing its market value to $54.4 billion. Prior to becoming CEO, Dokmecioglu served as chief financial officer for the company, helping Keurig Green Mountain go private in 2016 and with its merger with Dr Pepper Snapple in 2018. Its subsidiary Maple Holdings still holds a 33% stake in Keurig Dr Pepper.

☆ Fraying U.S.-China relations could have huge implications for Earth
▼ + stars: | 2022-11-10 | by ( Sam Meredith | ) www.cnbc.com time to read: +5 min

Xinhua News Agency | Xinhua News Agency | Getty ImagesSHARM EL-SHEIKH, Egypt — Fraying diplomatic tensions between the U.S. and China are a big concern at the COP27 climate summit. However, many fear tensions between Washington and Beijing could make climate cooperation at COP27 extremely difficult. We say it is just on climate change, but we know that climate change is really at the center of everything in society." Biden is expected to join a 16-member delegation of senior officials at COP27 later this week to "advance the global climate fight." "And there is no solution to the problem of climate change without China, without Russia, without India, without … large economies being at the table," Kerry said.

☆ 'This is not going to stop': Pakistan says apocalyptic flooding shows the need for reparations
▼ + stars: | 2022-11-10 | by ( Sam Meredith | ) www.cnbc.com time to read: +6 min

Reparations, or "loss and damage" funding, are seen as a fundamental question of climate justice. The decision to include loss and damage funding as an agenda item, which was proposed by Pakistan, was preceded by 48 hours of talks. He now hopes the international community can find a way to collectively address financing for loss and damage. U.S. climate envoy John Kerry said Washington would not be "obstructing" talks on loss and damage in Sharm el-Sheikh. We are talking about the reality outside these conference walls," Singh told CNBC.

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