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☆ New money is pouring into Singapore, but a series of recent multimillion-dollar real-estate transactions show the old status symbols are as popular as ever
▼ + stars: | 2022-10-07 | by ( Nidhi Pandurangi | ) www.businessinsider.com time to read: +4 min

Good Class Bungalows, or GCBs, are powerful status symbols for old and new money alike in Singapore. With land this scarce, the most elite level of property on the island is the Good Class Bungalow, or GCB. New money, old status symbolWith new money pouring into Singapore, a series of recent multimillion-dollar real-estate transactions show these old status symbols are as popular as ever. And in 2019, British billionaire inventor James Dyson purchased an SG$50 million bungalow opposite Singapore's Botanic Gardens, per the Straits Times. Moreover, some prospective Good Class Bungalow renters are not even living in these properties.

☆ Britons are wearing coats inside, limiting TV use, and putting children in extra layers to avoid soaring energy bills
▼ + stars: | 2022-10-07 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Britons are worried about high energy bills as temperatures drop in the country. Three residents told the Guardian they were doing whatever they could to avoid heating their homes. One woman said she was wearing a jacket and hat inside to stay warm. Jo Love, a 64-year-old cleaner living in the UK, told the Guardian she was wearing a dressing gown, jacket, and hat in her house instead of turning on her heating. He told the Guardian he was putting his two young children, a two-year-old and a three-month-old, in extra layers.

New York CNN Business —Even before Wednesday’s action by OPEC+ to cut oil production, US gas prices were on their way up. Gas prices rose nearly 3 cents a gallon in AAA’s daily reading Wednesday, to $3.83 a gallon, the biggest one-day hike in nearly four months. Gasoline futures are up about 20 cents a gallon since the slide in gasoline prices ended last month, pointing to possible higher prices ahead. Unfortunately, the refinery capacity squeeze “means gas prices are not going to go down like I had thought,” said veteran oil analyst Andy Lipow. The concern by the Biden administration is that rising gas prices bring renewed focus in voters’ mind.

☆ Europe makes sharp U-turn from green energy - Qatar energy minister
▼ + stars: | 2022-09-29 | by ( ) www.reuters.com time to read: +3 min

Sept 29 (Reuters) - QatarEnergy CEO and state minister for energy Saad al-Kaabi said on Thursday that skyrocketing energy prices are "weighing painfully" on the global economy, dampening support for the transition to green energy. "Sadly, the growing economic burden has fizzled the euphoria over the series of energy transition plans, causing severe erosion in public support for reducing carbon emissions," Kaabi told a liquefied natural gas (LNG) conference in Japan. "Many countries particularly in Europe which had been strong advocates of green energy and carbon-free future have made a sudden and sharp U-turn. Analysts estimate Europe will need to import around 200 million tonnes of LNG over the next decade to phase out Russian gas. Kaabi stressed the need to invest in cleaner and renewable energies, including natural gas, to drive capacity and baseload capabilities.

☆ Bill Gates says he hasn't given up his fortune to fight climate change because 'innovation is not just a check-writing process'
▼ + stars: | 2022-09-29 | by ( Hannah Towey | ) www.businessinsider.com time to read: +3 min

Bill Gates discussed climate tech and the climate-focused Inflation Reduction Act on a podcast. Gates said he hadn't donated his fortune because "innovation is not just a check-writing process." "Well, innovation is not just a check-writing process — the cost is way greater than what anyone could fund," he told the Bloomberg Green reporter Akshat Rathi. "You've also said that we need to do everything we can to accelerate innovation," Rathi asked Gates on Thursday's podcast. Gates also pointed to the Inflation Reduction Act as a second example of how climate-tech innovation was "not just purely a financial thing."

☆ An Elon Musk superfan made the Forbes 400 list after snapping up Tesla stock during the pandemic
▼ + stars: | 2022-09-28 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +2 min

An Elon Musk superfan joined the Forbes 400 list for the first time this year. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyAn Elon Musk superfan just joined the Forbes 400 list after going all in on Tesla stock. What makes KoGuan's wealth so unusual is how he amassed it: by snapping up Tesla stock during the early days of the pandemic. In late 2020, KoGuan reportedly paid about $46 million for a Singapore penthouse owned by vacuum-cleaner tycoon James Dyson. At the start of 2020, Tesla's stock was trading at about $30 a share.

☆ Amazon dominates the $113 billion smart home market — here's how it uses the data it collects
▼ + stars: | 2022-09-28 | by ( Katie Schoolov | ) www.cnbc.com time to read: +12 min

Then in 2019, it paid $97 million for a mesh Wi-Fi system called Eero to help connect multiple smart devices in the home. Amazon's Eero mesh WiFi systems are shown inside the Amazon smart lab in Seattle, Washington, on September 9, 2022. Amazon's Ring Video Doorbell 4 is shown at the Amazon smart home lab in Seattle, Washington, on September 9, 2022. Or you may have actually told Alexa, 'Alexa, I'm leaving,' and to switch on your alarm system, for example," Koopmans said. Amazon's Smart Thermostat is shown inside the Amazon smart lab in Seattle, Washington, on September 9, 2022.

After Ukrainian forces stage ambushes and cut off the key access route to the capital, Russian soldiers tell their relatives that the military strategy is failing. … That’s what we’re fucking going to do, it seems. “Frankly speaking, nobody understands why we have to fight this war," Sergey tells his girlfriend. Replay‘I’ll quit at once.’Frustrated by continuous setbacks and fearing for their lives, Russian soldiers say they are fed up with the military. As quickly as they came, the Russian soldiers in northern Kyiv withdrew, regrouped and pivoted east, where Russian-backed separatists have been waging war for over eight years.

☆ BlackRock's US head of thematic exchange-traded funds shares 3 sectors to invest in to fight inflation and set your portfolio up for long-term gains
▼ + stars: | 2022-09-27 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +5 min

Jacobs shared three inflation-resistant sectors to invest in for long-term gains. It's no different for Jay Jacobs, the US head of thematics and active equity exchange-traded funds at BlackRock, which manages $10 trillion in assets. Due to rising food prices, Jacobs also believes that agricultural technology firms focused on food innovation are another long-term beneficiary of lofty inflation levels. According to Jacobs, most costs are upfront for greener energy solutions, like the cost to build a wind turbine or solar panel. These include tax policies favoring renewable energy solutions, growing energy demand from consumers for cleaner options like electric vehicles, and the fact that renewable energy is often inherently cheaper than the electricity generated from fossil fuels.

☆ Jim Koch used 2 strategies when creating Samuel Adams 38 years ago. Here's what other entrepreneurs can learn from the $4 billion company's founder.
▼ + stars: | 2022-09-27 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +5 min

Jim Koch founded the Boston Beer Company, the maker of Samuel Adams, in 1984. The bottle is a Samuel Adams, a mainstay on shelves alongside American beer brands like Budweiser and Miller. The Boston Beer Company, which he founded in 1984, now owns Angry Orchard, Truly Hard Seltzer, and Twisted Tea. The billionaire founder and brewmaster said the strategies that made him successful 38 years ago are the same ones that continue to improve Samuel Adams beer today. "In my mind, there is a perfect Sam Adams Boston Lager.

☆ Bitcoin mining struggles to go green, research shows
▼ + stars: | 2022-09-27 | by ( Tom Wilson | ) www.reuters.com time to read: +2 min

REUTERS/Edgar SuLONDON, Sept 27 (Reuters) - Bitcoin is struggling to go green, with the cryptocurrency making only slim gains in its usage of sustainable energy in the year to January, research by Cambridge university showed on Tuesday. Processing bitcoin transactions and "mining" new tokens is done by powerful computers, hooked up to a global network, that compete against others to solve complex mathematical puzzles. Register now for FREE unlimited access to Reuters.com RegisterProjects have sought ways to shift bitcoin mining towards cleaner energy, such as repurposing heat byproducts from oil extraction for crypto mining. Bitcoin mining is mostly unregulated and opaque, with few centralised bodies gathering data. The Cambridge study was based on data on the geographical spread of mining across the world and the energy mix of individual countries.

Gareth Kaminski-Cook, CEO of Autins, which makes noise-reducing and thermal insulation for carmakers, gives a tour of the auto supplier's factory in Tamworth, Britain, May 3, 2022. Many auto suppliers, already squeezed by rampant inflation and energy prices, say they have little choice but to shoulder the extra costs of making their components sustainable to meet carmakers' environmental targets. "We're going to see a real big shakeout the next five, 10 years in the auto supply chain." The company, which is worth about $39 billion, launched its own sustainability drive in 2020 and is working on recyclable products with carmakers including Volkswagen, Volvo and BMW. Guell says carmakers only want to work with suppliers who use green energy, leaving him in a tight spot.

☆ The best global performers last week include an energy stock analysts say could jump 15%
▼ + stars: | 2022-09-26 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

The MSCI World index fell around 5%, even worse than major indexes on Wall Street. However, there were stocks in the MSCI World index that outperformed the wider market. These were the 12 best-performing stocks in the MSCI World index that saw gains of more than 5% last week, as of the close on Sept. 23. It's a favorite among majority of analysts covering the stock, with 67% rating it a buy, according to FactSet. The other stock that was one of the top-performing last week is Swedish security firm Securitas , which jumped 16.3%.

☆ An airport truck driver says she has to fill in as cabin cleaner and gets 7 minutes to clean a plane. It shows how a crippling staff shortage is taking its toll on US airport workers.
▼ + stars: | 2022-09-25 | by ( Kate Duffy | ) www.businessinsider.com time to read: +5 min

Some airport workers told Insider they felt the pressure this summer amid the travel chaos. A cleaner at Logan airport said airlines sometimes ask his team to clean a plane in 10 minutes. It's also taken a toll on airport workers across the US. She joined the Airport Workers United union, which represents 35,000 airport workers at 22 US airports, to demand pay raises. A Delta spokesperson told Insider the airline has a "strong track record" of offering compensation and benefits to staff.

☆ These 7 states have the least air pollution in the U.S.
▼ + stars: | 2022-09-24 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +3 min

That's good news for residents of several states, according to a new U.S. News and World Report analysis, which ranked all 50 states according to how polluted they are and the risk that pollution poses to their population's health. That ranking is consistent with other 2022 analyses: The American Lung Association (ALA) says Vermont's cities are among the cleanest by air quality in the country, and have low levels of the most harmful and widespread types of air pollution. The state's Burlington-South metro area in particular is one of only two U.S. cities that rank as the cleanest for the worst types of air pollution, which include particle pollution and ozone air pollution. In 2022, the ALA said the state's air quality got "mixed grades." Several pieces of research point to the state's poor air quality.

☆ How a FinTech founder learned to embrace his team's differences
▼ + stars: | 2022-09-23 | by ( ) www.cnbc.com time to read: +1 min

When you're used to working alone, it can be hard to learn how to use a team's differences to get the best results for your business. It's a challenge that's particularly personal to George Lucas, founder of micro-investing platform Raiz Invest. But his work before Raiz meant he found setting expectations for his new team difficult. "I am very lucky, I have a near photographic memory," George Lucas told CNBC Make It. Over time, Lucas learned how to use those different abilities to advance his business.

☆ EV sales to hit all-time high in 2022, IEA says, but more work needed to put world on net-zero path
▼ + stars: | 2022-09-23 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +3 min

According to the International Energy Agency, electric vehicle sales are on course to hit an "all-time high" this year. Sean Gallup | Getty Images News | Getty ImagesElectric vehicle sales are on course to hit an all-time high this year, but more work is needed in other sectors to put the planet on course for net-zero emissions by 2050, according to the International Energy Agency. On the EV front, the IEA said global sales had doubled in 2021 to represent nearly 9% of the car market. Looking forward, 2022 was "expected to see another all-time high for electric vehicle sales, lifting them to 13% of total light duty vehicle sales globally." The IEA has previously stated that electric vehicle sales hit 6.6 million in 2021.

☆ Opinion: IEA head: Electric cars are transforming the auto industry. That’s good news for the climate
▼ + stars: | 2022-09-23 | by ( Fatih Birol For Cnn Business Perspectives | ) edition.cnn.com time to read: +5 min

Transitioning to a cleaner and more secure energy system means tackling emissions across the major greenhouse gas emitting sectors — electricity, industry, transport and buildings. Taking into account the latest trends and government and business priorities worldwide, we now see incredible growth prospects for electric cars in the coming years. Electric cars’ cheaper running costs mean owners can often recoup the extra money they pay to purchase their vehicles within a few years. Expanding EV sales in economies beyond China, Europe and the United States will require more than carmakers’ efforts to broaden their electric offerings outside the major markets. Governments will need to push through policy reforms and provide financial support to help make EVs the most affordable option.

There’s no palpable hunger for a shutdown so close to the Nov. 8 midterm elections, so Congress must pass a bill by midnight Sept. 30 to avert a lapse in funding. “The cleaner the bill is, the more likely” it is to pass quickly, said Senate Minority Whip John Thune, R-S.D. He wants tens of billions for Covid, and he says the pandemic is over,” said Sen. Bill Cassidy, R-La., a physician. Cases, hospitalizations, deaths, mental health aspects of Covid, long Covid. But conservatives are rebelling, saying Congress should push the issue into 2023 in the hope that the GOP will seize the majority and write legislation to its liking.

Another major factor that had been driving gas prices lower: Growing concerns of a global recession that could hurt demand for gas. Russia’s invasion of Ukraine, and the sanctions that followed, that helped to spark the steep rise in oil and gas prices. Gas prices will probably remain relatively close to the current levels in the near term, said Tom Kloza, global head of energy analysis for OPIS, which tracks gas prices nationally for AAA. Yet if gas prices begin to rise that could undermine the Biden administration and the Federal Reserve’s efforts to keep inflation in check. Falling gas prices are the sole reason America’s consumer prices have remained steady overall during the past few months after rising sharply in 2021 and the beginning part of this year.

☆ 4 clean energy trends to accelerate your sustainability goals
▼ + stars: | 2022-09-21 | by ( Sponsor Post | Created Enel With Insider Studios | ) www.businessinsider.com time to read: +7 min

This law is designed to lower the costs of acquiring clean energy solutions while enabling accessibility and accelerating the adoption of affordable, clean energy products and services. Here are four trends that will likely reshape your sustainability goals and questions businesses should ask to accelerate climate action. Scaling up of commercial clean energy solutionsThe new law will inject $369 billion into the US clean energy economy, financing renewable power, clean energy equipment manufacturing, electric vehicles, and much more. Here are questions to consider when scaling your clean energy portfolio:Given cost competitiveness and accessibility of clean energy, how will scaling-up clean energy solutions influence your bottom line? To prepare your operations to scale your sustainability goals, consider these questions when preparing your data:Currently, how is ESG data used to inform business operations and sustainability goals?

☆ The world is staring down a brutal winter of soaring energy prices, rolling blackouts, and freezing homes. But there's a clear solution to the crisis — if we aren't too scared to use it.
▼ + stars: | 2022-09-20 | by ( Kartik Menon | ) www.businessinsider.com time to read: +11 min

Confronted with energy shortfalls into the colder months and years of potential energy uncertainty, one solution has gained traction around the globe: nuclear energy. Many nations, including the United Kingdom, Netherlands, France, and Japan, have begun or reconsidered massive sovereign investment into nuclear power. Reliable, low-cost, and carbon-free, nuclear energy allows these nations to arrest the economic decline from higher energy prices and make progress toward net-zero goals. Compared to other sources of energy, nuclear power is relatively safe — the number of deaths per terawatt hour produced is comparable to wind and solar energy. These are encouraging steps toward getting the West off of Russian energy and helping consumers weather the tough times ahead.

☆ A Faraday Is Worth 1,000 Faucis
▼ + stars: | 2022-09-19 | by ( Andy Kessler | ) www.wsj.com time to read: +1 min

“Fifteen days to slow the spread” and “flatten the curve” may have something to do with it. Real scientists, like Michael Faraday (1791-1867), whose birthday is this week, would be rolling their eyes. Well, if there was no Faraday, there would be no modern economy. Moving a loop of wires around a fixed magnet can induce electricity. Place a dynamo next to running water, like Niagara Falls, and you can generate reliable electricity.

☆ The Family Office Investor: Walmart heir blazes trail in ESG investing
▼ + stars: | 2022-09-19 | by ( Robert Frank | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Family Office Investor: Walmart heir blazes trail in ESG investingCNBC's Robert Frank sits down for an interview with Builders Vision Founder and Walmart heir Lukas Walton to discuss how he is investing for a cleaner and healthier planet.

☆ Some jobs won't recover from the pandemic recession. It could be a good thing for workers.
▼ + stars: | 2022-09-17 | by ( Ben Winck | Madison Hoff | ) www.businessinsider.com time to read: +6 min

The US is back to record-high employment, but the labor market looks nothing like it did in early 2020. For starters, many in-person service sectors are still struggling to get back to the employment levels seen before the pandemic. Transit and ground passenger transportation, which includes school buses and public transit, is also still not back to pre-pandemic employment either. "I think overall, accommodation and the broader leisure and hospitality industry will return to pre-pandemic employment levels," Zhao said. The changing labor market could be good for workersThe labor market shakeup isn't necessarily a bad thing.

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