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BMW cut its profit margin forecast for the year Tuesday due to sluggish demand in China, its key market, and problems related to a braking system supplied by Continental, sending the carmaker’s shares close to a two-year low. The German luxury carmaker said delivery hold-ups linked to the braking system would have a negative effect on sales in the second half of the year, adding that more than 1.5 million cars were affected. Overall, BMW said, it will incur “a high three-digit-million amount” in warranty costs in the third quarter as a result. BMW also flagged ongoing muted demand in China affecting sales in the country, joining the automakers facing difficulties in the world’s second-biggest economy, which is also the world’s largest auto market. “Despite stimulus measures from the government, consumer sentiment remains weak,” BMW said.
Persons: Organizations: BMW, Continental, ” BMW Locations: China
Concerns about the use of cryptocurrencies for illegal activity resulted in an effective ban on crypto mining and transactions. After a massive public outcry at the end of 2021, mining companies in Kazakhstan were effectively cut off from the grid. Today, the US makes up about 40% of the global hashrate — up from 17% during China's 2021 peak — making America the biggest hub for bitcoin mining. However, in recent years, bitcoin mining has become increasingly concentrated in the hands of a small number of private companies. Given how much energy bitcoin mining consumes, it's worth questioning whether its presence in the US is really worth the trade-off.
Persons: Xi Jinping, Zoe Liu, hasn't, pushback, haven't, Jeremy Fisher, Fisher, Gladys Anderson, Kelley Sayre, Stephanie Marsh, Marsh, Gavin Newsom, would've, Donald Trump, Trump, Satoshi Nakamoto, Saifedean Ammous, Cheyanne Diehl, wasn't, Biden, Joe Biden, Liu Pengyu, America Organizations: Council, Foreign Relations, Mining, Cambridge, Goodyear, Sierra, Environmental, New York Times, Tech, Gov, Securities and Exchange Commission, July's Bitcoin, SEC, National Bureau of Economic Research, Inc, Nasdaq, Embassy, EV, Sierra Club, City Council, Digital Locations: China, Kazakhstan, America, Utah, West Virginia, Akron , Ohio, Rockdale , Texas, Murphy , North Carolina, Massillon , Ohio, Bono , Arkansas, Vilonia , Arkansas, Akron, California, Nashville, Massillon, Ohio, Chinese, Massillon's City, In Arkansas, Wyoming, Washington, Harrison , Arkansas
While job growth in the sector faces uncertainty after the election, industry watchers say the future of energy production and consumption is always changing. The IRA is projected to generate more than 300,000 jobs annually for new energy project construction and about 100,000 permanent jobs each year, according to EESI. The rate was more than double the growth for the rest of the energy sector and the overall U.S. economy, according to the newly released 2024 U.S. Energy and Employment Report. Recent data from the Department of Energy showed clean energy employment increased by 142,000 jobs last year, accounting for more than half of new energy sector jobs. One sector that faces particular uncertainty after the election is clean energy, which has received a boost from the Biden administration but faced skepticism from Trump.
Persons: — it's, it's, Daniel Bresette, there's, Biden, Kamala Harris, Donald Trump, Nicole Bulgarino, Caroline Leilani Stevenson, Stevenson, Harris, Trump, Joe Biden Organizations: Energy, Environmental, Energy Study Institute, . Energy, Science, Department of Energy, Trump, Ameresco, Department of Defense, Green, Deal, CNN, White, Green New, Economic, of New Locations: U.S, Europe, Ameresco, Honolulu, Maui, New York, of New York
BMW trimmed its profitability guidance for 2024 on Tuesday, pointing to technical problems that led to delivery stops for cars as well as persistently sluggish demand in the key Chinese market. The German carmaker said it expects its margin of earnings before interest and taxes (EBIT) to be between 6% and 7% for 2024, having previously guided for a figure between 8% and 10%. In a statement, Continental said that only a "small proportion" of the braking systems it produces and supplies to BMW will be partially replaced because of an electronic component that may be impaired. The company also forecasts a slight decrease in deliveries, it said, without providing a specific figure, after having previously expected an increase. The technical actions related to the integrated braking systems impact over 1.5 million vehicles and will result in additional warranty costs in a high three-digit million amount in the third quarter, the company added.
Persons: carmaker, Continental Organizations: BMW, Benz, Volkswagen, Porsche Holding, Renault, Continental Locations: China
We’ve put together a guide to some of the most frequently asked questions regarding China travel. China travel FAQsDo you need a visa to go to China? However, travelers visiting under these visa-free transit programs have more restrictions in terms of places they can visit. Exploring the country via China’s vast high-speed railway network is not an option for those entering under the two transit visa schemes. Beijing, China's capital city, accepts international travelers visiting under the 144-hour visa-free transit program.
Persons: it’s, , Denny Tian, Gabriela Correia, Correia, Tian, Greg Baker, Correira, ” Gabriela Correia, David Tucker, We’ve, John Seaton Callahan, China ’, Kevin Frayer, , ” Correira, you’ve, Didi, Uber, Yan Cong, China’s Organizations: CNN, Immigration Administration, China, Google, Getty, , Service, Shanghai Hongqiao, Hong Kong, Hong, Hong Kong Immigration, Travelers, Facebook, , Publishing, United, US, Baidu, Apple, China Railway, Bloomberg Locations: China, Beijing, Portugal, Shanghai, AFP, , Hunan, Singapore, Thailand, Austria, Australia, Belgium, France, Germany, Hungary, Ireland, Italy, Luxembourg, Malaysia, Netherlands, New Zealand, Poland, Spain, Switzerland, New York, Japan, South Korea, United Kingdom, United States, Hong Kong, Macau, Jiangsu, Zhejiang, Asia, Tibet, Tibet Autonomous Region, Hainan, China's, Hawaii, , Canada
Last year, the SEC mandated that public companies disclose material cybersecurity incidents. "These types of cybersecurity incidents have a real impact, potentially, on shareholder value," Kate Dedenbach, a privacy and cyber attorney at Fisher Phillips in Detroit, told Business Insider. "The SEC's goal is to provide investors with more robust and timely information about cybersecurity incidents so they can make more knowledgeable investment decisions." There's a timeframe for disclosuresThe SEC says that determining a cybersecurity incident's materiality should be done "without reasonable delay" but doesn't specify a timeframe. The SEC says companies can delay disclosure if a cybersecurity incident poses a substantial risk to national security or public safety.
Persons: , Hugh Thompson, Kate Dedenbach, Fisher Phillips, Thompson, LoanDepot, Lei Zhou, Zhou, Dedenbach, Steve Winterfeld, it's, Winterfeld, cyberattacks, Winterfield Organizations: SEC, Service, RSA Conference, US Securities and Exchange Commission, Microsoft, Forbes, University of, Akamai Technologies Locations: Detroit
Read previewThe Army is on the lookout for new longer-range artillery shells after canceling some of its plans for new cannons. Army Secretary Christine Wormuth discussed plans at the 2024 Defense News Conference last week when she spoke on some of the potential follow-ups for longer-range artillery after the cancellation of its Extended Range Cannon Artillery program. "We still believe that we have a requirement for, you know, sort of an artillery system with that kind of range," Wormuth said. Advertisement"I think we may also be looking at sort of what we call, you know, 'innovating at the round,' looking at what can we do with the actual round to increase the range," Wormuth said recently. The Army is also still at work on ramjet-powered artillery shells, which have estimated ranges around 93 miles.
Persons: , Christine Wormuth, Wormuth, Doug Bush, weren't, Lance Cpl, Matthew Bragg ERCA, Mark Esper, Diego Herrera Carcedo Organizations: Service, Cannon Artillery, Business, Army, US Marine Corps, US Army, Anadolu Agency, Getty Locations: China, Russia, Ukraine
The Securities and Exchange Commission has charged Keurig Dr Pepper for making inaccurate claims about the recyclability of its disposable K-Cup pods, the agency said Tuesday. As consumers have become more conscious of their carbon footprints, questions about K-Cups' environmental impact have dogged Keurig for more than a decade. The pods' inventor told the Atlantic that he feels bad "sometimes" about creating K-Cups because of the waste they generate. A 2018 lawsuit over recycling claims led to a $10 million class-action settlement. The company's claims could have swayed some consumers, boosting sales of both K-Cups and its brewers.
Persons: Dr Pepper, Keurig, recyclers Organizations: Securities, Exchange Commission, SEC, Research Locations: U.S, North America
China begins anti-dumping probe into Canadian rapeseed
  + stars: | 2024-09-10 | by ( ) www.cnbc.com   time to read: +1 min
Cooking oils made from canola from Canada and soybeans are offered for sale at a grocery store on April 26, 2022 in Chicago, Illinois. China announced on Monday the start of a one-year anti-dumping investigation into imports of rapeseed from Canada, just weeks before Ottawa's 100% tariffs on Chinese-made electric vehicles and other products come into force. There has been growing trade tension between Beijing and the West in recent weeks after Canada, the United States and the European Union opted to impose tariffs on imports of electric vehicles from China. While noting that Canada adheres to "rules-based trade," Canadian Minister of Agriculture Lawrence MacAulay said the country's products meet the highest standards and its inspection systems are robust. Chinese President Xi Jinping met with Spanish Prime Minister Pedro Sanchez on Monday in a bid to avoid a broad trade war.
Persons: Agriculture Lawrence MacAulay, Xi Jinping, Pedro Sanchez Organizations: European Union, Agriculture, Spanish Locations: Canada, Chicago , Illinois, China, rapeseed, Beijing, United States
The USS New Jersey, designed for a co-ed crew, is set to join the US fleet on Saturday. A ban on women serving on US submarines was lifted in 2010, leading to hundreds joining the service. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA submarine designed to fully integrate male and female sailors is set to join the US fleet on Saturday. The USS New Jersey "is the first Virginia-class submarine designed and built for a full gender integrated crew," according to Naval Sea Systems Command.
Persons: Organizations: USS, US, Service, Naval Sea Systems Command, Naval Weapons Station, Business Locations: USS New Jersey, Virginia, New Jersey
Reuters —Ukraine struck the Moscow region on Tuesday in its biggest drone attack so far on the Russian capital, killing at least one woman, wrecking dozens of homes and forcing around 50 flights to be diverted from airports around Moscow. Russia, the world’s biggest nuclear power, said it destroyed at least 20 Ukrainian attack drones as they swarmed over the Moscow region, which has a population of more than 21 million, and 124 more over eight other regions. The drone attacks on Russia damaged at high-rise apartment buildings in the Ramenskoye district of the Moscow region, setting flats on fire, residents told Reuters. Tuesday’s attack follow drone attacks Ukraine launched in early September targeting chiefly Russia’s energy and power facilities. Authorities of the Tula region, which neighbors the Moscow region to its north, said drone wreckage fell onto a fuel and energy facility but the “technological process” of the facility was not affected.
Persons: Andrei Vorobyov, ” Alexander Li, ” Georgy, , , Vladimir Putin Organizations: Reuters, Residents, shockwave, Kremlin, NATO Locations: Ukraine, Moscow, Russia, Kyiv, Ramenskoye, Bryansk, Russia’s, Kursk, Russian, U.S, Tula
Getting F-16s and long-awaited weaponsDelays in getting Western equipment have long been a source of frustration for Ukraine. Western allies lifted some restrictions in May, allowing Ukraine to strike Russian troops building up at its borders. AdvertisementTaking the war inside RussiaThe biggest change this year is that Ukraine altered the dynamics of the conflict by launching a surprise attack on Russia's Kursk region. In just two weeks, starting on August 6, Ukraine claims its forces took more territory in Kursk than Russia had since the beginning of 2024. Ukraine is "losing territory and may suffer a breakthrough," Benjamin Friedman, policy director at the Defense Priorities think tank, told BI.
Persons: , Abishur Prakash, Volodymyr Zelenskyy, Zelenskyy, Volodymyr Zelenskyi, Vitalii, Mark Temnycky, it's, Gabrielius Landsbergis, Ukraine wouldn't, Mark Cancian, year's, Putin, Joe Biden, Benjamin Friedman, Michael Kofman, Rob Lee, Prakash Organizations: Service, Russia, Republican, Business, Inc, Reuters, Army Tactical Missile Systems, Getty, Council's Eurasia, Times, Institute for, American Enterprise, Air Assault Brigade, REUTERS, US Marine Corps, Center for Strategic, International Studies, CNN, Defense, Carnegie Endowment, International Peace, Foreign Policy Research Institute, Foreign, Kyiv Locations: Ukraine, Russia, Russian, Kursk, Toronto, Kharkiv, London, Russia's Kursk, Malaya Loknya, Kursk Region, REUTERS Russia, Kyiv
You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Recently released documents detailed the commission's decision, revealing new details about Rooney's case and Twitter's human-resources practices under Musk's direction. Three days later, he received a second email from HR saying it was acknowledging his "decision to resign and accept the voluntary separation offer." Slack messages could just as easily be used as evidence in a sexual-harassment case, Camfield added. However, employers need to train employees to understand that company policies extend to Slack and that their information is not private, she said.
Persons: , Gary Rooney, Elon Musk, Musk, Rooney, Robyn Hopper, Stefanie Camfield, Noah Berger, Camfield, hasn't, wasn't, it's, Hopper, Slack, That's Organizations: Service, Twitter, Elon, Business, Workplace Relations, Society for Human Resource Management, Engage, Slack Employers Locations: Dublin, Ireland
Ukraine is using Steam Decks to control remote turret guns on the battlefield. Steam Deck is a popular platform used for playing video games. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementUkraine appears to be using a very popular video game system for an unusual purpose: remotely controlling gun turrets.
Persons: Organizations: Service, Business Locations: Ukraine
Successful sales of the Mate XT tri-fold smartphone, which began pre-orders on Saturday, would be another indication of the company’s sustained resurgence. It also comes after Chinese smartphone makers dominated the top five spots domestically on a quarterly basis for the first time ever, she said, pushing Apple to sixth place. “The close timing of Huawei and Apple’s product launches signals the start of a new competitive wave in the Chinese premium market,” Liu told CNN. Apple said that generative AI, like ChatGPT, on its iPhone 16 would allow users to create text and images with natural-language prompts. Last year, it launched an electric sedan to take on Tesla’s Model S. And it has big ambitions in AI.
Persons: Hong Kong CNN —, Richard Yu, , Amber Liu, ” Liu, Apple, Liu, Yu, It’s Organizations: Hong Kong CNN, Huawei, Apple, CNN, Counterpoint Research, Google, Nvidia Locations: China, Hong Kong, Shenzhen, Washington, Beijing, Weibo
Last week, Ukrainian military sources shared spectacular videos that appeared to show low-flying drones showering treelines in flames as they passed. "The use of drones to deploy this molten payload is a novel, and fearsome, addition to modern warfare," Patton Rogers said. "It's difficult to hide from thermite," Patton Rogers said. AdvertisementThermite isn't banned for use against enemy troops — but "there are clear protocols stopping their use on civilian targets," Patton Rogers said. The psychological impact of these latest strikes is likely the principal operational goal, Patton Rogers said.
Persons: , Thermite, James Patton Rogers, Patton Rogers, Little, thermite, Iain Overton, Nicholas Drummond Organizations: Service, Business, Cornell Brooks Tech Policy Institute, 116th Mechanized Brigade, CNN Locations: Ukraine, Russia, Mariupol, Kursk
SEOUL (Reuters) – North Korean leader Kim Jong Un said the country is now implementing a nuclear force construction policy to increase the number of nuclear weapons “exponentially,” state media KCNA said on Tuesday. Kim also said North Korea is facing a “grave threat” from what it sees as a US-led nuclear-based military bloc in the region. South Korea will also hold a defence ministerial meeting with the member states of the United Nations Command (UNC) on Tuesday. The UNC is led by the commander of the US military stationed in South Korea. North Korea has criticised the UNC as an “illegal war organisation” and Germany’s entry into the US-led UN border monitoring force as raising tensions.
Persons: Kim Jong Un, KCNA, Kim, , Cho Chang, rae Organizations: US State Department, United Nations Command, UNC, UN Locations: SEOUL, United States, North Korea, South, Seoul, South Korea, Germany
The approval was a relief to the Europa Clipper team after the discovery in May of a possible issue with transistors on the spacecraft. Europa Clipper carries 10 science instruments that could determine whether life is possible on another place in our solar system besides Earth. Now, Europa Clipper has been approved to launch, with no changes to the mission plan, goals or trajectory. Exploring an ocean worldWhen Curt Niebur, Europa Clipper program scientist, began working at NASA in 2003, he faced the task of pushing a Europa mission forward. Each year, the effort to get Europa Clipper designed and built has seemed more difficult, he said.
Persons: NASA’s, we’re, , Nicola Fox, Jupiter’s, Jordan Evans, Evans, , ” Evans, Curt Niebur, ” Niebur, It’s, we’ve, That’s, Niebur, Laurie Leshin Organizations: CNN, Clipper, NASA, Europa Clipper, Jet Propulsion Laboratory, Johns Hopkins University Applied Physics, NASA’s Goddard Space Flight, Science, JPL, , Juno Locations: Pasadena , California, Laurel , Maryland, Greenbelt , Maryland, flybys, Europa, gush
Soon after, the mother’s syphilis test — given to all women before delivery — came back positive. In 2022, the Centers for Disease Control and Prevention reported more than 200,000 syphilis cases — the highest counts since 1950. Spreading the word about syphilisSome public health departments have launched eye-popping awareness campaigns, trying to raise the alarm among both the public and health care providers. Make syphilis testing convenientBeyond greater awareness, access to testing and treatment needs to be quick, easy and convenient, Chokshi said. But permanently bending the syphilis curve will require scaling these efforts nationally and promoting greater coordination between health care and public health.
Persons: Irene Stafford, Stafford, , It’s, could’ve, they’re, , Kenneth Mayer, Mayer, Dave Chokshi, Donna Fox, Fox, ” Fox, “ We’re, , Lucas, they’ve, we’re, ” Stafford, Chokshi, Jessica Leston, Jessica Leston “ We’re, ” Leston, Trojan Carvajal, Jai Winchell, Winchell, Arlene Seña, it’s, ” Seña, don’t, Seña, that’s, ” Chokshi Organizations: University of Texas Health Sciences Center, Centers for Disease Control, CDC, Fenway Institute, Common Health Coalition, Health, Lucas County Health Department, Alaska Natives, Johns Hopkins School of Medicine, STI, Mobile Care Clinic, Shasta, University of North, Hospital, University of Chicago, U.S, Fenway Health Locations: Houston, U.S, Boston, New York, Toledo, Lucas County, Ohio, Texas, Alaska, Cass, Minnesota, California, Shasta County, Oregon, Shasta, University of North Carolina, Grady, Atlanta, America
The controversial plan to regreen a desert
  + stars: | 2024-09-08 | by ( Laura Paddison | ) edition.cnn.com   time to read: +11 min
The Dutch engineer wants to transform a huge stretch of inhospitable desert into green, fertile land teeming with wildlife. “The only holistic way out of this situation is with large-scale ecological regeneration”So-called desert regreening projects are not new, and this is one of a number around the world seeking to transform arid landscapes. Costfoto/NurPhoto/Getty ImagesFor van der Hoeven, it was further proof his plan could work. “The scale reaches a level that helps prove that restoration can be done on a planetary scale.”It would add to other huge desert regreening projects also underway. The project was scheduled to kick off this December, but conflict has slowed everything down, van der Hoeven said.
Persons: der Hoeven, , Van, van der Hoeven, Ali Moustafa, , Van der, der, it’s, John Liu, Wolfgang Kaehler, Liu, ” Liu, Susan Gardner, Gardner, Alice Hughes, ” Hughes, Raymond Pierrehumbert, Pierrehumbert, — “, Van der Heoven, He’s, Van der Hoeven Organizations: CNN, United Nations, World Bank, UN, Hong Kong University’s School of Biological Sciences, University of Oxford Locations: Dutch, Africa, Asia, Maryland, Dubai, Lake Bardawil, Sinai, Bardawil, Egypt, China, California, Gansu Province, Yongjing, Gansu province, Nairobi, Hong, Gaza
AdvertisementMany job seekers believe that including extra detail will help show off their qualifications to employers. But, Mann said, employers have specifics they're seeking on a résumé — often what's outlined in the job description. AdvertisementShe recommends job seekers use distinct sections to help make their résumé easy to read. For people applying for roles with quantifiable results — like sales or marketing — it can be wise to then include a section on career accomplishments. "It's the average of all the resources that are out there, so it creates these incredibly generic résumés," Mann said.
Persons: , Madeline Mann, Mann, LiveCareer, James Neave, he'd, Neave, Jasmine Escalera, Escalera, Adzuna's Neave, it's Organizations: Service, Self, Business
Nuclear EMP pulses can travel hundreds of miles depending on their altitude of detonation, while NNEMP devices only have ranges of about 5 miles. AP Photo/Mohammed ZaatariIran does have a nuclear program, and probably could build a nuclear EMP weapon if it wanted to. But a non-nuclear EMP weapon might enable Iran to sidestep any red lines. But this raises another question: would Iran give EMP weapons to Hezbollah, its most important proxy? Giving EMP weapons to Hezbollah would risk the possibility that Israel and other nations would hold Iran responsible.
Persons: Islamic Revolutionary Guard Corps —, Mohammed Zaatari, Trump, Israel, Joseph Votel, Votel, Israel —, It's, Michael Peck Organizations: Service, Hezbollah, Lebanese, Quds Force, Islamic Revolutionary Guard Corps, Kuwaiti, Al, Force, National and Homeland Security, AP, Iranian, American, US Central Command, Middle East Institute, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Israel, Lebanon, Iran, The, Tehran, Russia, Europe, Mohammed Zaatari Iran, Iranian, Jerusalem, China, North Korea, Washington, New Jersey, Northern Israel, Beirut, Forbes
Data analytics and decision-makingIn the digital economy, data is gold. Those organizations that leverage data and data analytics well can improve the customer experience and move out in front of competitors. With advancements in data analytics, companies can take advantage of real-time data processing, predictive analytics, and AI-powered analytics to make informed decisions quickly, Gilchrist said. AI, as neededYes, companies should continue to invest in AI solutions, but in many cases with a more discerning approach. "AI investments should focus on areas where automation, predictive analytics, or AI-driven insights can solve specific business problems or create new revenue streams."
Persons: Christopher Gilchrist, Forrester, Gilchrist, Janelle Hill, Hill Organizations: Gartner, IT, Investments
Murdoch is one of the most powerful and influential media titans of the modern age. The palace intrigue inside the Murdoch family has often lent itself to breathless public fascination, inspiring the HBO series “Succession” and behind-the-scenes books. The family is divided partly by differences in political opinion — and how those beliefs could shape the future of its sprawling media empire. Lachlan Murdoch, who took over as chairman of Fox Corp. and News Corp. last September, tends to be more aligned with his father’s conservative worldview. James Murdoch, Elisabeth Murdoch and Prudence Murdoch are believed to be more politically moderate.
Persons: Rupert Murdoch’s, Murdoch, Lachlan, — James, Elisabeth, Prudence —, Alicia L, Gary A, Adam Streisand, Donald Trump, , Lachlan Murdoch, James Murdoch, Elisabeth Murdoch, Prudence Murdoch, Kamala Harris ’, “ Rupert Murdoch, Reece Peck, Organizations: Fox News, Street, NBC News, The New York Times, Fox Corp, News Corp, Federal, Commission, Democratic, The, The Times, Fox, Trump, Dominion Voting Systems, City University of New York, College of Staten Locations: Washoe, Reno , Nevada, Reno, American, College of Staten Island
A former Mastercard executive told Business Insider she nearly lost $100,000 to an account takeover scam last year. The fraudsters used information found in emails about Woneis's transactions to impersonate the title company for her home. The fake title company then emailed Woneis, asking for an "accelerated" payment. "They sent me wire instructions that perfectly mimicked the wire instructions from the title company. "We could have potentially been caught in wire fraud."
Persons: , Catherine Woneis, Woneis, Scammers, it's Organizations: Service, Mastercard, MasterCard, Business
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