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☆ Stripe, Shopify, H&M spend $7 million on carbon removal from a dozen new companies
▼ + stars: | 2023-09-07 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +6 min

Stripe, Shopify and H&M Group announced Thursday they are spending $7 million on carbon removal from a dozen carbon removal startups. Stripe, Shopify and H&M are three of the member companies of Frontier, and together, they spent $7 million on carbon removal purchases from 12 companies: Airhive, Alkali Earth, Banyu Carbon, Carbon Atlantis, CarbonBlue, CarbonRun, EDAC Labs, Holocene, Mati, Planetary Technologies, Spiritus Technologies and Vaulted Deep. Frontier facilitates carbon removal purchases for its member companies via multiple pathways, including pre-purchase agreements and offtake agreements. Zoom In Icon Arrows pointing outwards Mati is one of the dozen companies Frontier has facilitated carbon removal purchases from on behalf of Stripe, Shopify and H&M. Zoom In Icon Arrows pointing outwards CarbonBlue is one of the dozen companies Frontier has facilitated carbon removal purchases from on behalf of Stripe, Shopify and H&M.

Persons: Mati, Charm, stover, Joanna Klitzke, Klitzke, that's Organizations: M, Frontier, EDAC Labs, Planetary Technologies, Spiritus Technologies, Autodesk, JPMorgan Chase, McKinsey, Meta, CNBC, United Nations, & $ Locations: Mati, India, Gulf of Mexico

☆ Helicopter pilot Capt. Larry Taylor receives Medal of Honor for daring rescue during Vietnam War
▼ + stars: | 2023-09-05 | by ( Haley Britzky | ) edition.cnn.com time to read: +8 min

Now, 55 years after that harrowing evening in Vietnam, Taylor received the Medal of Honor – the nation’s highest military award – from President Joe Biden at the White House on Tuesday for his heroism. Larry L. Taylor assumed command of one of the 2nd Armored Cavalry Regiment's combat engineer companies in Nuremberg, West Germany. Within two minutes, Hill said, Taylor and his co-pilot had strapped in and taken off, heading towards Hill and his men. On his last try, he learned that any attempt to save the men had been called off, the rescue helicopter was not coming. “I think about 90% of flying a helicopter in Vietnam was making it up as you go along,” he said.

Persons: Larry Taylor, Taylor, ‘ Sir, we’ve, ” Taylor, “, Joe Biden, Larry, ‘, ” Biden, Taylor’s, ”, ’ Taylor, he’d, Larry L, Kyle Holden, US Army David Hill, Hill, ” Hill Organizations: CNN, 1G, White, White House, United States Army, Army, University of Tennessee, Army Reserve, UH, Star, Republic of, 2nd Armored Cavalry, US Army Locations: Vietnam, Tennessee, Republic, Republic of Vietnam, Nuremberg, West Germany, Hill, “

That was within Bank Indonesia's 2023 inflation target range of 2% to 4%. A deeper look at the data showed that while headline inflation only rose modestly, annual rice inflation accelerated to 13.76% in August, the highest since June 2012. Myrdal Gunarto, economist with Maybank Indonesia, said he expected a limited increase in rice prices going forward due to planned imports from Southeast Asian countries, predicting headline inflation would remain manageable. As for rice inflation, Irman said: "As a staple, the (rice) inflation will affect purchasing power. But generally, food commodities are showing a moderation trend that is offsetting (rising) rice prices' impact."

Persons: Rice, Myrdal Gunarto, Irman Faiz, Irman, Stefanno Sulaiman, Gayatri Suroyo, Kanupriya Kapoor Organizations: Bank, Maybank, Bank Danamon, Thomson Locations: JAKARTA, Indonesia, Maybank Indonesia

☆ Indian rice shipments of 500,000 tons postponed after new duty- exporters
▼ + stars: | 2023-08-29 | by ( Rajendra Jadhav | ) www.reuters.com time to read: +2 min

India, which is scrambling to rein-in inflation ahead of state elections later this year, on Friday expanded curbs on rice exports with a 20% duty on parboiled rice that would be effective until Oct. 15. Shipments of around 500,000 tons have been put on hold, said B.V. Krishna Rao, president of the Rice Exporters Association (REA). India exported a record 22.2 million tons of rice in 2022, including 7.4 million tons of parboiled rice. Lower-income consumers in Asia and Africa previously preferred 100% broken rice, exporters said, which was available at $325 per ton, but India banned exports of broken rice last year. India, which accounts for 40% of world rice exports, in July ordered a halt to its largest rice export category, non-basmati white rice, which fuelled a rally in global rice prices.

Persons: Rajendra, Himanshu Agarwal, B.V, Krishna Rao, REA, Rao, Tony Munroe, Sharon Singleton Organizations: REUTERS, Rights, Reuters, Satyam Balajee, Rice, Association, Reuters Graphics, Thomson Locations: Kakinada Anchorage, Andhra Pradesh, India, Benin, Ghana, Côte d'Ivoire, Liberia, Thailand, Vietnam, Pakistan, New Delhi, Asia, Africa

Ruined rice crops in India's Haryana state. More than three billion people worldwide rely on rice as a staple food and India contributed to about 40% of global rice exports. India's rice stock is piling up as a result of the ban. Vijay Bedi/CNNAt one of New Delhi’s largest rice trading hubs, there are fears among traders that the export ban will cause catastrophic consequences. “The export ban has left traders with huge amounts of stock,” said rice trader Roopkaran Singh.

Persons: India CNN — Satish Kumar, “ I’ve, ”, Kumar, Vijay Bedi, Niño, ” Kumar, ” Satish Kumar, Ukraine —, ” Arif Husain, Pierre, Olivier Gourinchas, ” Husain, “, CNN Surjit Singh, Harayana, …, El Niño, Roopkaran Singh, Husain Organizations: India CNN, CNN, United Nations Food, Agriculture Organization, India wasn’t, United Nations, Food Programme, ” Workers, Thai Rice, Association, India’s Ministry of Agriculture, Monetary Fund, Farmers, Reuters, Meteorological Organization Locations: Harayana, India, India’s Haryana, “, India's Haryana, Ukraine, Global South, United States, Russia, Rice, New Delhi, CNN Nepal, Vietnam, Thailand, Thai, Singapore, Indonesia, Philippines, El, India’s, West Africa

☆ Flutter's US bet drives first half profit 76% higher
▼ + stars: | 2023-08-09 | by ( Padraic Halpin | ) www.reuters.com time to read: +2 min

The Dublin-based company said this made it the first online betting operator to turn a profit in the U.S and it did so six months ahead of schedule. Analysts at JPMorgan also noted a more cautious outlook on Australia, where Flutter's first half revenues fell by 1%. The U.S. profits contributed to reported EBITDA of 765 million pounds across the group, versus the 731 million pounds forecast by eight analyst polled by Refinitiv. Flutter and broadcaster Fox Corporation (FOXA.O) said last month it would close the FOX Bet sports betting platform. That would eclipse the record full year earnings of 1.4 billion pounds Flutter posted during the COVID-19 online betting boom of 2020.

Persons: Dado Ruvic, Jefferies, Paddy Power, Padraic Halpin, Louise Heavens, Barbara Lewis Organizations: REUTERS, JPMorgan, PokerStars, Ireland, Refinitiv, FOX Bet, Fox Corporation, Thomson Locations: Dublin, U.S, Australia

In the waterlogged provincial capital Harbin, two vehicles plunged into a sinkhole that appeared on an expressway near a swollen river, local media reported. Paddy fields have also been inundated, and villagers in low-lying areas told to evacuate, local media reported. The storms and floods also triggered power cuts in nearby Shangzhi city, where supermarkets were running low on provisions, according to media reports. "I only managed to get a few bottles of mineral water and two boxes of instant noodles," a Shangzhi resident told local media after rushing to the supermarket after the storm alerts. "Some production and power equipments were damaged, and production had been suspended," the company said in an exchange filing on Friday.

Persons: Typhoon Doksuri, Tingshu Wang, Doksuri, Jinrui, Liz Lee, Ella Cao, Samuel Shen, Ryan Woo, Gerry Doyle, Miral Organizations: REUTERS, Aerospace, Holdings Group, Mineral Development, Thomson Locations: Mentougou district, Beijing, China, Tingshu Wang BEIJING, Northeastern Heilongjiang, Heilongjiang, Daqing, Harbin, Shangzhi, Jilin, Shulan, Zhuozhou, Hebei province, Hebei, Qinghai, Chongqing, Shanghai

☆ India rice export ban, explained
▼ + stars: | 2023-08-03 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +6 min

But for importers and loyal consumers of Indian-grown non-basmati varieties, the ban has been disruptive, including in the United States. Internationally, the ban is causing an upheaval in the market and could especially impact places that rely on Indian rice exports. “So we’re looking to have a really healthy, robust US rice crop.”The United States primarily imports specialty and fragrant rice, he said, like arborio rice used to make risotto; jasmine rice; basmati rice and other varieties. “We are completely dependent on non-basmati rice,” said Kiran Kumar Pola, director of Deccan Foods, an importer and distributor of non-basmati Indian rice that operates out of Arizona. “We at India Bazaar understand the concerns raised in light of the recent ban on Indian Non-Basmati Raw Rice,” the post reads.

Persons: We’ve, USA Rice, what’s, “, ”, Tanner Ehmke, Anupam Nath, Ehmke, Joseph Glauber, it’s, Glauber, El Niño, “ There’s, Peter Bachmann, Charles Hart, ” Rice, Rory Doyle, Kiran Kumar Pola, Sona Masoori, Kerala Matta, Rice Organizations: New, New York CNN, ” USA Rice Federation, ”, International Food Policy Research, International Food Policy Research Institute, USA Rice Federation, BMI, Bloomberg, Deccan Foods, Facebook Locations: New York, United States, USA, India, CoBank, Asia, ” India, Guwahati, Philippines, Malaysia, Vietnam, Southeast Asia, Nigeria, Ivory Coast, Senegal, West Africa, Pakistan, South Asia, California, Pace , Mississippi, Arizona, Kerala, South India, Pola, Dallas

☆ Australia Will Return Looted Sculptures to Cambodia
▼ + stars: | 2023-08-03 | by ( Natasha Frost | More About Natasha Frost | ) www.nytimes.com time to read: +1 min

An ancient gilt bronze Buddhist sculpture that traveled a circuitous and legally questionable route from a rice paddy in southern Cambodia to the capital of Australia will soon be headed back to its homeland. Over about 15 years, it traveled from a rural area near the Vietnamese border to the hands of Douglas A.J. In 2011, he in turn sold it and two smaller accompanying statues to the National Gallery of Australia, where they have resided ever since. Now, after an extensive investigation into the work’s provenance, the gallery will return the sculptures in no more than three years to Cambodia, giving the government time to prepare an appropriate place for them in Phnom Penh, the capital. At a ceremony last week in Canberra, Australia’s capital, Susan Templeman, a special envoy for the arts, described the handover in terms of reparations.

Persons: ”, Douglas A.J, Susan Templeman Organizations: National Gallery of Australia Locations: Cambodia, Australia, Phnom Penh, Canberra

Indian rice stocks, including unmilled husk varieties at state warehouses, totalled 37.6 million metric tons on Aug 1, the sources told Reuters. Stocks held as of Aug 1 include 24.6 million metric tons of rice and 13 million metric tons of the unmilled variety, the sources said. State-run warehouses must have 13.5 million metric tons of rice, including strategic reserves of 2 million metric tons for the quarter beginning July 1, according to local government rules. FCI bought 84.6 million metric tons of rice paddy from domestic farmers during the 2022-23 marketing year, yielding around 57 million metric tons of rice. Indian farmers harvested a record 135.5 million metric tons of rice in 2022-23, according to the Ministry of Agriculture & Farmers Welfare.

Persons: Rajendra, Stocks, Krishna Rao, Rao, Mayank Bhardwaj, Rajendra Jadhav, Alexander Smith Organizations: REUTERS, Reuters, Food Corporation of India, FCI, Ministry of Agriculture & Farmers Welfare, El, Rice, Association, Thomson Locations: Kakinada Anchorage, Andhra Pradesh, India, DELHI, MUMBAI, Delhi, B.V

☆ India's rice export ban to hurt millions globally. These countries will be the worst hit
▼ + stars: | 2023-08-02 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +5 min

20 Xinhua News Agency | Xinhua News Agency | Getty ImagesIndia's rice export ban could ripple across global rice markets — and millions are expected to be impacted, with Asian and African consumers set to bear the biggest brunt. The scale of people impacted by Indian rice ban will be in millions. Other affected regionsAsia is not the only region hit by India's rice export ban, many African and Middle East nations are also vulnerable. That means up to 40% of India's rice exports are now offline, according to BMI forecasts. India's rice export ban is expected to ripple across global rice markets.

Persons: Mohanty, Samarendu Mohanty, Narendra Modi Organizations: Xinhua News Agency, Getty, Barclays, El Nino, BMI, Fitch Solutions, Workers, International Potato Center, CIP Locations: Nagaon district, India's, Assam, India, Malaysia, Asia, Singapore, Thailand, Pakistan, Vietnam, Philippines, Saharan Africa, East, North Africa, Djibouti, Liberia, Qatar, Gambia, Kuwait, Cambodia, Indonesia, Bangladesh, Nepal

☆ Exclusive: Thai, Vietnamese exporters renegotiate 500,000 T of rice deals
▼ + stars: | 2023-08-01 | by ( Naveen Thukral | ) www.reuters.com time to read: +3 min

A farmer harvests rice by a paddy field outside Hanoi, Vietnam June 10, 2019. Exporters are rushing to cover rice supplies from farmers who have raised prices following a surge in the world market, putting millions of dollars worth of deals at risk. 2 and 3 exporters respectively, are estimated to ship more than one million metric tons of rice in August. While large exporting houses are likely to fulfil contracts, smaller trading companies are expected to default on shipments, traders said. Importers, including the Philippines, are likely to seek direct deals with governments of exporting countries to ensure critical food supplies.

Persons: Rice, Naveen Thukral, Khanh Vu, David Evans Organizations: REUTERS, Reuters, Rice, Thomson Locations: Hanoi, Vietnam, Thailand, SINGAPORE, India, Asia, Africa, Singapore, Ho Chi Minh City, Philippines

The government said it was imposing the ban after retail rice prices climbed 3% in a month as late monsoon rains damaged crops. While a late monsoon caused a major shortfall of rain up to mid-June, heavy rains since have caused significant damage. India accounts for more than 40% of world rice exports but low inventories mean any cut in shipments will fuel food prices driven up by Russia's invasion of Ukraine last year and erratic weather. His administration has extended a ban on wheat exports after curbing rice shipments in September 2022. "India would disrupt the global rice market with far greater velocity than Ukraine did in the wheat market with Russia's invasion," B.V. Krishna Rao, president of the Rice Exporters Association told Reuters.

Persons: Rice, Narendra Modi, Krishna Rao, Rao, El, Michael Hogan, Jan Harvey, David Evans, Conor Humphries Organizations: Rice, Association, Reuters, El, Farmers, El Nino, Thomson Locations: India, Ukraine, DELHI, Asia, Thailand, Vietnam, New Delhi, Punjab, Haryana, Rice, West Bengal, Bihar, Chhattisgarh, Andhra Pradesh, Telangana, China, Philippines, Hamburg

☆ India triggers inflation fears after imposing major rice export ban
▼ + stars: | 2023-07-20 | by ( ) edition.cnn.com time to read: +4 min

The government said it was imposing a ban on non-basmati white rice after retail rice prices climbed 3% in a month after late but heavy monsoon rains caused significant damage to crops. The category impacted, non-basmati white and broken rice, accounted for around 10 million tons of a total of 22 million tons of Indian rice exports last year. His administration has extended a ban on wheat exports after curbing rice shipments in September 2022. Vietnam’s 5% broken rice was offered at $515 to $525 per metric ton, its highest since 2011. Buyers may move to Thailand and Vietnam, but their 5% broken rice could cost $600 per metric ton, said one European trader.

Persons: Narendra Modi, B.V, Krishna Rao, Rice, ” Rao, Rao, El Organizations: Delhi Reuters, Rice, Association, Reuters, El Nino Locations: Delhi, India, Ukraine, Asia, Thailand, Vietnam, New Delhi, Benin, Senegal, Ivory Coast, Togo, Guinea, Bangladesh, Nepal, Punjab, Haryana, Rice, China, Philippines

CNN —A graphic video emerged on social media Wednesday from Manipur amidst ongoing ethnic violence in the northeastern Indian state. The video, which is going viral on social media, depicts an incident from May 4, according to the Indigenous Tribal Leaders’ Forum (ITLF) showing two women being forced to walk naked through a crowd of fully clothed men. The distressing video, that has been seen by CNN, shows the terrified victims surrounded by a mob of men, many brandishing long canes or sticks as weapons. Among other things, tribal status would enable the Meitei to buy land and provide more opportunities for government jobs. “After taking a Suo-moto cognisance of the incident immediately after the video surfaced, the Manipur Police swung to action and made the first arrest this morning.

Persons: Narendra Modi, ” Modi, Biju Boro, ”, Mallikarjun Kharge, Modi, –, Biren Singh Organizations: CNN, Indigenous Tribal, ’, Indian, ”, Getty, Modi Govt, BJP, State, Manipur Police, Twitter Locations: Manipur, Indian, Guwahati, reconvening, Phainom, Kangpokpi district, Imphal, Kuki, India’s, Modi, India, Thoubal District

☆ A Year of Upheaval on Abortion’s Front Lines
▼ + stars: | 2023-07-20 | by ( Kate Kelly | Marisa Schwartz Taylor | ) www.nytimes.com time to read: +14 min

Erica’s pilots that day were volunteers with Elevated Access, a nonprofit set up last year to help people obtain abortions, often across state lines. In North Carolina, an anti-abortion, church-backed pregnancy center called Mountain Area Pregnancy Services confronted a harassment incident. Before Dobbs, the group’s abortion services operated on a budget of $20,000 per month. But the dearth of pharmacies willing to offer abortion medication meant that Honeybee soon became the main provider of the online-ordered, home-delivered pills. Abortion medication — which now accounts for more than half of abortions in the United States — produces roughly 40 percent of Honeybee’s revenue.

Persons: Wade, Health “, ”, Maren Hurley, Hey Jane, Jenice Fountain, Julia Rendleman, The New York Times Erica, ” Erica, Erica, Andy, “, Gabriela Bhaskar, Dobbs, Kelsea McLain, Roe, —, McLain, Yellowhammer, Fountain, Mike Belleme, Court’s Dobbs, Jeff Porter, Porter, ” Michelle Fenton, Ms, Fenton, Sharon Chischilly, Paddy, Rachael Lorenzo, Tracy Nguyen, Honeybee, Jessica Nouhavandi, Nouhavandi Organizations: Jackson, Health, Private, Yellowhammer Fund, The New York Times, Maryland —, D.C, Cessna, Fund, Birmingham, Pregnancy Services, The New York, Services, The New York Times Indigenous, Roe, Los Angeles Locations: Dobbs v, North Carolina, Hurley’s, Alabama, Louisiana, America, Minnesota, Twin Cities, Illinois, Maryland, Washington, Wisconsin, Birmingham, Ala, Asheville, N.C, Waynesville, New Mexico, Oklahoma , Texas, North Dakota, South Dakota, Culver City, Calif, Roe United States, United States

☆ Factbox: Why Indian rice export ban is so important to global trade
▼ + stars: | 2023-07-20 | by ( Rajendra Jadhav | ) www.reuters.com time to read: +2 min

* India exports rice to more than 140 countries. Key buyers of Indian non-basmati rice include: Benin, Bangladesh, Angola, Cameroon, Djibouti, Guinea, Ivory Coast, Kenya and Nepal. * India exported 17.86 million tons of non-basmati rice in 2022, including 10.3 million tons of non-basmati white rice. In September 2022, India banned exports of broken rice and imposed a 20% duty on exports of various grades of rice. New Delhi has not put any restrictions on the export of basmati rice and parboiled rice, which stood at 4.4 million tons and 7.4 million tons, respectively, in 2022.

Persons: Rajendra Jadhav, Conor Humphries Organizations: Thomson Locations: MUMBAI, India, Thailand, Vietnam, Pakistan, United States, Benin, Bangladesh, Angola, Cameroon, Djibouti, Guinea, Ivory Coast, Kenya, Nepal, Iran, Iraq, Saudi Arabia, New Delhi, . West Bengal, Uttar Pradesh, Andhra Pradesh, Punjab, Odisha

☆ Why Indian farmers worry despite 'average' monsoon rains
▼ + stars: | 2023-07-18 | by ( Rajendra Jadhav | ) www.reuters.com time to read: +5 min

While average monsoon rains are ordinarily good for Indian farmers, uneven distribution this year has created new worries. ERRATIC DISTRIBUTIONSome northern and north-western states have received excessive rains, while southern and eastern regions have been unusually dry. Only a third of the country has received average rainfall so far this season, according to India Meteorological Department (IMD) data. Meanwhile, about 34% of India has received deficient rains and 32% excessive rainfall, the data shows. Heavy rainfall has damaged newly planted rice crops in northern states such as Punjab, Haryana, Himachal Pradesh and Uttar Pradesh, and many farmers may have to replant.

Persons: El, Rajendra Jadhav, Tony Munroe, Tom Hogue Organizations: India Meteorological Department, Reuters, Farmers, El Nino, Thomson Locations: MUMBAI, India, El Nino, Haryana, Punjab, Gujarat, Himachal Pradesh, Rajasthan, Jharkhand, Bihar, Telangana, Chhattisgarh, Kerala, Uttar Pradesh, Maharashtra, Andhra Pradesh, West Bengal, Karnataka, New Delhi, rapeseed

During those COP27 climate talks last year in Egypt, China's top climate envoy, Xie Zhenhua, made an unexpected appearance at a meeting of the Global Methane Partnership, a U.S.-EU led initiative aimed at slashing 2020-level methane emissions by 30% by the end of this decade. Xie said China had drafted a plan with concrete measures to curb methane emissions from energy, agriculture and waste. COAL GASTwo big sources of methane emissions growth in China are livestock and rice production, neither of which are included in the country's climate plans. China is the world's largest source of methane from coal mines, with 28% of the world's biggest methane emissions points, according to Antoine Halff, co-founder of the environmental research group Karryos. "When you look around at the sources of coal mine methane worldwide, China is three or four times bigger than the next country's coal mine methane emissions," Banks said.

Persons: John Kerry, Kerry, Xie Zhenhua, Xie, Jonathan Banks, Joe Biden, Biden, Banks, Antoine Halff, Halff, Valerie Volcovici, David Stanway, Dominique Patton, Timothy Gardner, Katy Daigle, Will Dunham Organizations: Sunday, Methane Partnership, EU, Air Task Force, Program, Lawrence Berkeley National Laboratory, Task Force, Thomson Locations: BEIJING, U.S, China, Beijing, United States, Washington ., Glasgow, Sharm el, Egypt, Dubai, Shanxi, Boston, Singapore, Washington

☆ Monsoon rains to cover all of India earlier than usual, accelerate crop sowing
▼ + stars: | 2023-06-27 | by ( Rajendra Jadhav | ) www.reuters.com time to read: +2 min

MUMBAI, June 27 (Reuters) - India's monsoon season rains were set to cover the whole country by the weekend, according to meteorological department officials, allowing farmers in northern states to begin planting of summer-sown crops a week earlier than normal. The monsoon, the lifeblood of India's $3 trillion economy, delivers nearly 70% of the rain needed to water its farms and recharge reservoirs and aquifers. This year, the formation of severe cyclone Biparjoy in the Arabian Sea delayed the onset of monsoon rains and stalled their progress, with just a third of the country covered until last week. "By this weekend, the monsoon will cover the remaining parts as well," he said. Many north-eastern, central and northern states are likely to receive heavy rainfall this week, which would bring the deficit below 20%, a second IMD official said.

Persons: El, Rajendra Jadhav, Simon Cameron, Moore Organizations: India Meteorological Department, IMD, Reuters, El Nino, Thomson Locations: MUMBAI, Kerala, India's, Rajasthan, Punjab, Haryana, El Nino, Southeast Asia, India, Australia, Nino

☆ Central banks to Wall Street: More pain is coming
▼ + stars: | 2023-06-23 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

New York CNN —Market euphoria in early June, spurred on by a pause in interest rate hikes by the Federal Reserve, is well behind us now. What’s happening: It’s been just over a week since the Federal Reserve paused its 14-month regimen of interest rate hikes to fight inflation. The Bank of England, meanwhile, surprised investors by raising interest rates in the UK by an outsized half of a percentage point. Central banks had been making smaller interest rate moves as inflation began to ease off of recent highs. Elsewhere in Europe, central banks in Norway and Switzerland also hiked rates to decade-high levels on Thursday.

Persons: We’re, It’s, Jerome Powell, ” Powell, Stocks, Scott Wren, Wells, ”, Samantha Delouya, Elon Musk, Mark Zuckerberg, Musk, Zuckerberg, Hanna Ziady, Alex Heath, “, Paddy Power Organizations: CNN Business, Bell, New York CNN, Federal Reserve, Central Bank, Nasdaq, Senate, Financial Services, The Bank of England, Bank of England, Fed, Commonwealth, 3M, WWE, Tech, Twitter, Meta, “ Locations: New York, Europe, Norway, Switzerland, ” Switzerland, United States, Wells Fargo, Las Vegas

☆ Indonesia's Bali considers banning mountain climbing following spate of bad tourist behavior
▼ + stars: | 2023-06-14 | by ( Heather Chen | ) edition.cnn.com time to read: +5 min

Dubbed the “island of the Gods,” Bali is one of the world’s most popular tourist destinations, regularly ranking high on global travel polls. The new rules will apply to Bali’s 22 mountains, which have now been closed indefinitely for climbers. Mountains and volcanoes are popular among many visitors who flock to Bali to enjoy its beaches, jungles and rice paddy fields. Guides and local agencies told CNN that it was still business as usual but heavily lamented the ban. “Bali is only starting to bounce back from the pandemic, now is not a good time to be choosing which tourists we want.

Persons: CNN —, ” Wayan Koster, ”, Wayan Koster, Batur, Che, Mount Agung, “, Sandiaga Uno, it’s, Tjokorda Bagus Pemayun Organizations: CNN, CNN — Bali’s, Foreigners, Police Locations: Bali, Indonesia, Mount Agung, Bali’s, Russian, Seminyak, Mount, Jakarta

☆ Scientists may have discovered the first antidote to the deadliest mushroom known to humans
▼ + stars: | 2023-05-21 | by ( Rupendra Brahambhatt | ) www.businessinsider.com time to read: +4 min

Death cap mushrooms kill up to 100 people per year and sicken thousands more but have no antidote. Scientists used CRISPR to help identify a chemical that could become the first death cap antidote. A recent study in Nature Communications finally found a possible death cap mushroom antidote. A death cap mushroom antidote is long-awaitedMushroom foragers can easily mistake death cap mushrooms for other edible fungi. When the researchers tested ICG in mice poisoned with the death cap mushroom toxin, the results were eye-opening.

☆ Rice. Half of Humanity Eats It. And Climate Change Is Wrecking It.
▼ + stars: | 2023-05-20 | by ( Somini Sengupta | ) www.nytimes.com time to read: +12 min

Sometimes there’s not enough rain when seedlings need water, or too much when the plants need to keep their heads above water. Rice farmers are shifting their planting calendars. On top of that, there’s climate change: It has upended the rhythm of sunshine and rain that rice depends on. That’s a fraction of the emissions from coal, oil and gas, which together account for 35 percent of methane emissions. His experiment, carried out over seven years, concluded that by not flooding the fields continuously, farmers can reduce rice methane emissions by more than 60 percent.

☆ Flutter Q1 revenues jump 29% as U.S. races ahead, UK bounces back
▼ + stars: | 2023-05-03 | by ( Padraic Halpin | ) www.reuters.com time to read: +2 min

Led by its Fanduel brand, Flutter maintained its leading 50% share of the U.S. sports betting market after revenue jumped 92% year-on-year on a constant currency basis. UKI revenue had fallen sharply in the same period last year, partly due to the impact of measures to curb gambling addiction. Chief Executive Peter Jackson put about half the growth down to product improvements and said competitors belatedly adopting safer gambling measures may also have helped Flutter outperform the market, which he estimated was flat year-on-year. Revenue also rose 69% on a constant currency basis in its international division, where Flutter said the recently acquired Italian gaming operator Sisal performed exceptionally well. The Dublin-based firm forecast in November that Fanduel's revenue would jump to around $15 billion over the long term - twice Flutter's entire revenue last year.

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