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SoftBank forms JV to build AI-powered warehouses with Symbotic
  + stars: | 2023-07-24 | by ( ) www.reuters.com   time to read: +1 min
July 24 (Reuters) - SoftBank Group (9984.T) is forming a joint venture with supply-chain services provider Symbotic to build AI-powered warehouses that will be majority owned by the Japanese technology investor, the companies said on Monday. The firms are investing a total of $100 million in the venture, which will be called GreenBox Systems. The unit has also signed a contract to buy AI-powered systems worth $7.5 billion for its warehouses from Symbotic. The deal will give SoftBank, already an investor in Symbotic, warrants representing about 2% of the U.S. company's outstanding shares. The Japanese firm said it had also bought 17.8 million shares of Symbotic from CEO Rick Cohen.
Persons: Rick Cohen, Masayoshi Son, Vikas Parekh, Greenbox, Symbotic, Zaheer Kachwala, Shailesh Kuber, Anil D'Silva Organizations: SoftBank, Systems, Tokyo bourse, SoftBank Investment, JV, Thomson Locations: Symbotic, Tokyo, GreenBox
Dealers lose in the race to get an electric truck in consumers' driveways. Dealers have more to lose than manufacturers, who book revenue once the truck leaves the factory. In an electric truck market where buyers are placing bets on what will arrive first, dealers are likely to be the ones left in the lurch. Listening to dealers about where the demand pendulum is swinging will be crucial for car companies as they roll out more and more electric models in the coming years. Car companies that use dealers book revenue on a car once it leaves the factory (that's one of the biggest advantages legacy car companies have over startups that use a direct-to-consumer model).
Persons: Cybertruck, Tesla, Karl Brauer, Brauer, they're, Ford, EVs, Jessica Caldwell, Edmunds, Caldwell Organizations: Dealers, Ford, GM, iSeeCars, EV, Car
Each morning, José Aguilera inspects the leaves of his banana and coffee plants on his farm in eastern Venezuela and calculates how much he can harvest — almost nothing. Explosive gas flares from nearby oil wells spew an oily, flammable residue on the plants. “When it falls, everything dries up.”Venezuela’s oil industry, which helped transform the country’s fortunes, has been decimated by mismanagement and several years of U.S. sanctions imposed on the country’s authoritarian government, leaving behind a ravaged economy and a devastated environment. The state-owned oil company has struggled to maintain minimal production for export to other countries, as well as domestic consumption. But to do so it has sacrificed basic maintenance and relied on increasingly shoddy equipment that has led to a growing environmental toll, environmental activists say.
Persons: José Aguilera, Locations: Venezuela, U.S
Despite the jump there could be tough times ahead for the streaming pioneer. The streamer added just under 6 million subscribers in the second quarter, it said in an earnings report Wednesday. It's no surprise Netflix is focusing on that increase, but there's the very real prospect of tougher times ahead for Netflix. Hollywood strikes, which have seen both actors and writers take to the picket lines, also means more uncertainty for Netflix. Wednesday's results showed revenue rising by a paltry 2.7% in the second quarter, falling short of Wall Street's expectations.
Persons: Emily Organizations: Netflix, Disney, Comcast, Paramount, Warner Brothers Discovery, Apple, YouTube Locations: Paris
New York CNN —Goldman Sachs reported a sharp drop in profit on Wednesday as dealmaking and trading, a core part of the mega bank’s business, dry up. Goldman saw its investment banking revenue decline by about 20% in the second quarter of 2023, according to its latest earnings report, released Wednesday. While Citigroup and Morgan Stanley also saw their profit decline, Goldman reported the largest drop of its peers. “We’ve been very underimpressed by management’s execution and vision in regard to the consumer side of [Goldman Sachs],” said David Wagner, portfolio manager at Aptus Capital Advisors, on Wednesday. Goldman Sachs (GS) stock was down in early trading but erased earlier losses and was trading nearly 0.9% higher following the call.
Persons: New York CNN — Goldman Sachs, Goldman, Morgan Stanley, David Solomon, , Solomon, , ” Solomon, We’ve, Goldman Sachs, David Wagner Organizations: New, New York CNN, Citigroup, Aptus Capital Locations: New York
"This is the new reality, not the new normal, because we're on a downward spiral," Flannigan told CNBC. "The current wildfire season in Canada has been astounding and record breaking," Dahl told CNBC. "I'm not sure where we're going to end up with this because it keeps keeps on burning," Flannigan told CNBC. "The warmer it gets, the atmosphere gets more efficient at sucking the moisture out of the fuels," Flannigan told CNBC. For example, the mountain pine beetle is killing trees and turning them into fuel for wildfires, Burch told CNBC.
Persons: Kristina Dahl, Michael Flannigan, it's, Flannigan, Dahl, We're, I'm, Hope, we've, I've, Sarah Burch, Burch, David Dee Delgado, It's, You've, we're Organizations: BC, Service, Anadolu Agency, Getty, Union of Concerned, CNBC, Thompson Rivers University British Columbia, Natural Resources, Canadian Interagency Forest Fire, Fort, National Oceanic, Atmospheric Administration, Canadian Forest Service, University of Waterloo, Waterloo Climate Institute Locations: Lake, British Columbia, Canada, Natural Resources Canada, South Carolina, Massachusetts, Maine, Northwest Territories, North America, Alberta, Waterloo, New York City, United States
Amazon Prime Day 2023 is on to its second day, and you don't have to purchase any big-ticket items to get big savings. Here are the best products you can get for under $25 this Prime Day. Best Prime Day beauty deals under $25Deal icon An icon in the shape of a lightning bolt. The Prime Day sale is over 25% on this product, making it a great time to buy. $19.54 from Amazon Originally $22.98 Save 15%Best Prime Day tech deals under $25Deal icon An icon in the shape of a lightning bolt.
Persons: it's, Kit Burt's, Kit, Anastasia Beverly Organizations: Amazon, Prime, frizz
Prime Day 2023 ends tonight and we're still working hard to round up all the best deals of day 2. Down to $164.99, this Prime Day price matches the record low we saw for Black Friday. On select sizes and colors, you can get up to 60% off, the lowest Prime Day price to date. Even with a newer C3 model out this year, this remains a better value, especially at this current Prime Day deal price. This Prime Day deal is the best price we've ever seen, and it's only available by invite for Prime members during Amazon Prime Day.
Persons: we're, we've, snagging, We're, I've, Sarah Saril, you've, we'd, We've, they're, it's, Amazon’s, eero, You'll, Apple, Bose, AirPods, Price, Price Roku, Dolby, Max, Price Casper, Casper, Coop, it’s, It's, Rich, wicks, Price Bowflex, Garmin Venu, Venu, you’ve, Luna, Riley C.E.O, Sunday Riley, It’s, Murad Retinol, Kit Burt's, Kit, They're, Snuggies, Elaine Benes, Kenneth Cole, Steven Madden, Martens, Ray Bans, Vines, Price Calvin Klein, Calvin Klein racerback, Grey Heather, Now's, JW Pei, Price Honeywell, Price Apple, Price Arlo, we’ve, fryer, Bento, bento, you'll, LaCroix, seltzer, Foodi, Fryer, Pro Air Fryer, Price Dyson, Dyson, Hoover, Decker, Bissell, Price Dell, Price LG, Ed, Swift, Zelda, Price Hori, Con Organizations: Tech, Apple, Amazon, Prime, Black, Alexa, Amazon's, Echo Studio, Music, Price Apple, Price Sony WH, Sony, Samsung, LG, Walmart, Casper, Health, Bands, Price Garmin, Garmin, OSHA, Optimum, Theragun's, Amazon Prime, Sunday, Panasonic, frizz, Amazon Deal, GAP, Adidas, Chelsea, Deal, Navy, Columbia, Honeywell, Energy, Steam, IRIS, GE, Oster Digital, Fryer, Oster, OmieGo, ICE, Pro Air, ICM, Deal LG, Fire, Price LG, PlayStation, Google, Price NVIDIA, HP, Price Samsung, MacBook Air, Asus, Mobile, Lenovo, Intel, AMD, Monitor, Seagate, Dell, Monitor Samsung, ASUS, Gaming, EA Star Wars, Star, Nintendo, Gray, Super Nintendo Entertainment Locations: Siena, Birch, Sol, Colombia, Cha Kyusu, sharpener, Whynter, it's, It's
Down to $164.99, this Prime Day price matches the record low we saw for Black Friday. $10.14 from Amazon Originally $25.00 Save 59%Prime Day deals: StyleWe've got you covered for head-to-toe deals across the fashion world today. This Prime Day deal is the best price we've ever seen, and it's only available by invite for Prime members during Amazon Prime Day. $12.99 from Amazon Originally $23.99 Save 46%More Prime Day dealsDeal icon An icon in the shape of a lightning bolt. You'll also get a bonus of $10 with this Prime Day deal when you use the code "HAPPY" and spend $50.
Persons: we've, snagging, We're, you've, we'd, We've, they're, it's, Amazon’s, eero, You'll, Apple, Bose, AirPods, Price, Price Roku, Dolby, Max, Price Casper, Casper, Coop, it’s, It's, Rich, wicks, Price Bowflex, Garmin Venu, Venu, you’ve, Riley C.E.O, Sunday Riley, It’s, Murad Retinol, Kit Burt's, Kit, Kenneth Cole, Steven Madden, Martens, Vines, Herschel, Price Calvin Klein, Calvin Klein racerback, Now's, JW Pei, Price Apple, Price Arlo, we’ve, Bento, bento, you'll, LaCroix, seltzer, Foodi, Fryer, fryer, Hoover, Decker, Dyson, Bissell, Zelda, Price Hori, Con, Ed, Collar, Gray, Inaba, Brown Rice, Robin Organizations: Apple, Amazon, Prime, Black, Alexa, Amazon's, Echo Studio, Music, Amazon Deal, Price Apple, Samsung, LG, Walmart, Casper, Health, Bands, Price Garmin, Garmin, OSHA, Optimum, Theragun's, Amazon Prime, Sunday, Panasonic, frizz, Adidas, Chelsea, Herschel Supply, Deal, Navy, Columbia, Energy, Steam, IRIS, GE, OmieGo, ICE, Quart, ICM, Deal LG, Fire, Price LG, PlayStation, Google, Price NVIDIA, Computers, Gaming, Nintendo, MacBook Air, Asus, Mobile, Lenovo, Intel, AMD, Monitor, Seagate, Dell, Monitor Samsung, Gray, Super Nintendo Entertainment, ASUS, Buffalo, Pets, Deal Samsung Galaxy, Galaxy, Fujifilm, Marvel, Deal Indiana Jones, Indiana Jones, — Raiders Locations: Siena, Birch, Sol, Colombia, Cha Kyusu, sharpener, Whynter, it's, It's, Kingdom
Save $90 on a super Shark HyperAir deal during Prime DayThe Shark HyperAIR is normally priced at $249.99, but you can get it for $169.99 on Amazon — which is just over 30% off. We even named it the best travel hair dryer for curly hair because of its great curly hair diffuser and super lightweight construction. How the Shark HyperAIR compares to the Dyson SupersonicDyson may be the reigning star of the vacuum-turned-hair-tool company, but Shark is giving it a run for its money. Dyson Supersonic Hair Dryer It may be pricey, but if you're looking for a high-tech hair dryer that actually lives up to the hype, the Dyson Super Sonic may be for you. While the price for the Dyson Supersonic hovers between $300 and $400, the current deal on the Shark HyperAIR is significantly less than even the discounted Supersonic.
Persons: frizz Organizations: Walmart
The Shark HyperAIR is a professional quality dryer that comes with an inventory of attachments including a styling brush, curl diffuser, and concentrator. Save $90 on a super Shark HyperAir deal during Prime DayThe Shark HyperAIR is normally priced at $249.99, but you can get it for $169.99 on Amazon — which is just over 30% off. We even named it the best travel hair dryer for curly hair because of its great curly hair diffuser and super lightweight construction. How the Shark HyperAIR compares to the Dyson SupersonicDyson may be the reigning star of the vacuum-turned-hair-tool company, but Shark is giving it a run for its money. Dyson Supersonic Hair Dryer It may be pricey, but if you're looking for a high-tech hair dryer that actually lives up to the hype, the Dyson Super Sonic may be for you.
Persons: frizz Organizations: Walmart
"They're in the Mississippi River already, so that is a huge highway for the species," Knuth said. Dave Knuth, Duck Creek Conservation AreaWhile northern snakeheads normally avoid humans, they are very protective of their young. In 2019, researchers looked at how the Blackwater River watershed changed before and after northern snakeheads invaded. Dave Knuth, Duck Creek Conservation AreaIf you happen to spot a northern snakehead, the US government recommends killing it right away. If you find and kill a northern snakehead, you can report the capture to your local fish and game agency.
Persons: Dave Knuth, Knuth, White Organizations: Service, Conservation, Missouri Department of Conservation, DC, Washington Post, Fish Commission, Conservation Area, Conservation Center Locations: Missouri, Midwest, Wall, Silicon, Duck, Conservation Area, Asia, Africa, Crofton , Maryland, East, Maryland, Virginia, Arkansas, Northern, Mississippi, Blackwater, North America
CNN —Climate activists have targeted 10 golf courses around Spain, plugging up holes to protest the amount of water used to maintain these courses as the country is gripped by a severe drought. Members of Extinction Rebellion (XR) Spain, along with activists from other climate groups, accessed golf courses in locations in six provinces, including Madrid, Valencia, Ibiza and Navarra. Golf closed for climate justice” and “water is a common good.”Golf in Spain uses more water than the cities of Barcelona and Madrid combined, XR said in a video posted on Twitter on Sunday. Only 0.6% of the population plays golf, XR said. Between June 1 and 10, 60% of Spain was under “drought alert” conditions, according to the European Union’s Copernicus Climate Change Service.
Persons: XR Organizations: CNN —, Twitter Locations: Spain, Madrid, Valencia, Ibiza, Navarra, Barcelona, Spanish, Europe, Córdoba
In the age of remote work, employers are quiet quitting on employees. Decision-makers at family offices revealed what it's really like managing billions for the ultra wealthy. But first: It's shaping up to be a cruel summer for Airbnb and Vrbo hosts. The Airbnb hosts getting squeezedReal-estate reshapeBlake Callahan / Getty ImagesThe real-estate industry is facing an existential threat. In the age of remote work, employers are doing it, too.
Persons: Matt Turner, Read, Brian Chesky, Charley Gallay, Vrbo, That's, Blake Callahan, Jonathan Ernst, Consuelo Vanderbilt Costin, Bryan Griffin, Insider's Ben Bergman, Arantza Pena Popo, It's, Satya Nadella, Hallam Bullock, Lisa Ryan Organizations: luxe, Reuters Workers aren't, Stanford University, The Vanderbilt, Waltons, Microsoft Locations: Silicon, Airbnb, New York
There is a dedicated Instagram account on which the costume designers Molly Rogers and Danny Santiago share their finds, with 277,000 followers. Is the era of quiet luxury, so recently embraced by TikTok, already at an end? Has the physics of fashion exerted its force and produced an equal and opposite reaction to an earlier action? In many ways, the fashion in “And Just Like That …” seems to protest too much. Just as more obviously coded consumption has been around since Louis Vuitton plunked his initials on some leather back in 1896 or since Jay Gatsby started tossing his shirts.
Persons: Loewe, Pierre Cardin, Molly Rogers, Danny Santiago, TikTok, Louis Vuitton, Jay Gatsby
NEW YORK, June 27 (Reuters) - The end of the COVID-19 pandemic has weighed not just on demand for Purell but also on efforts to sell the maker of the hand sanitizer. SC Johnson, Ecolab Inc, Essity AB (ESSITYa.ST) and Kimberly-Clark Corp (KMB.N) were among the companies that participated in the auction, the sources said. It is unclear whether the family will now hold on to Gojo and try to seek a sale in the future. The company expanded into skincare and invented Purell, an alcohol-based hand cleaner which dries on its own, in 1988. The company launched Purell in the consumer market in 1997.
Persons: SC, Clark, Kimberly Clark, Essity, Gojo, Goldie Lippman, Jerry, Clarence Cook, Abigail Summerville, Anirban Sen, Leslie Adler, David Gregorio Our Organizations: YORK, Gojo Industries Inc, SC Johnson, Ecolab Inc, Essity, Clark Corp, Thomson Locations: Kimberly, Akron , Ohio, New York
BetterBrand, which makes low-carbohydrate, high-protein Better Bagels, closed a $6 million Series A funding round, it said on Wednesday. The Better Bagel contains 90% fewer carbs than a traditional bagel, BetterBrand's website says. BetterBrand founder and CEO Aimee Yang BetterBrandBetterBrand's goal is to become the "Beyond Meat of carbs," Yang said. "You've heard how much funding has gone into plant-based and just how saturated that market has gotten," Yang told Insider. BetterBrand also plans to grow sales to between $30 million and $40 million over the next 12 months, Yang said.
Persons: BetterBrand, , Tesla, Reddit, Alexis Ohanian's, Aimee Yang, Aimee Yang BetterBrand, Yang, You've Organizations: Service, Facebook, Verso, Gaingels, Based Foods Association, Foods
As a result, he is staying away from assets that could be hit hard if market stress suddenly increases, such as small cap stocks. The S&P 500 edged up 0.1% on Wednesday after shuffling between gains and losses. The S&P 500 is up 15% this year, while the Nasdaq (.IXIC) has gained 30%. Mark Heppenstall, chief investment officer of Penn Mutual Asset Management, believes a burgeoning stock market rally could loosen credit conditions, threatening to exacerbate consumer prices - an undesirable outcome for the inflation-fighting Fed. The S&P 500 is up 14% from a low reached after the banking crisis in March.
Persons: , Josh Emanuel, Emanuel, James St . Aubin, Jeffrey Gundlach, Mark Heppenstall, Josh Jamner, Davide Barbuscia, David Randall, Ira Iosebashvili, Sam Holmes Organizations: YORK, Federal, Wilshire, Nasdaq, Sierra Investment Management, DoubleLine Capital, CNBC, Fed, Penn Mutual Asset Management, ClearBridge Investments, Thomson Locations: U.S
The rains are also causing the kernels on his wheat crop to begin sprouting early, which, more crucially, means the grain will produce lower quality flour unsuitable for noodles or bread. "Look, all this wheat has sprouted," Chen told Reuters, pouring kernels into his hand while standing in his fields about 40 km (25 miles) north of the town of Zhumadian. About one-third of China's wheat is grown in Henan province, earning it the nickname the granary of China. A Xiping-based grain dealer surnamed Wang is paying growers 2,100 yuan ($295) per metric ton of germinated wheat, about 75% of the market price for food-grade wheat. "These (sprouted) wheat have a bad taste as they are sticky and doesn't mix well to make dough."
Persons: Chen, it's, Darin Friedrichs, Tang Renjian, Wang, Qin Ningwei, Josh Arslan, Dominique Patton, Christian Schmollinger Organizations: Reuters, Sitonia Consulting, El, China's Agriculture, Thomson Locations: COUNTY, China, China's Henan, Zhumadian, Henan province, Henan, Anhui, Shanxi, Shandong, Shanghai, Australia, Ukraine
June 5 (Reuters) - Tighter lending standards from regional banks are making it harder for U.S. hotel developers to secure funding, slowing construction of new hotels at a time Americans' appetite for travel is ripe. Analysts say slower hotel development will also limit profits of blue-chip manufacturers like Caterpillar Inc. , whose commercial real estate customers account for around 75% of construction sales. Overexposed regional banks are now offloading commercial real estate loans at a discount. Troubled regional lender PacWest Bancorp (PACW.O) announced in May it would sell $2.6 billion worth of real estate construction loans. Banks started to reduce their hotel loan portfolios in the first quarter of 2023, an analysis by S&P Global Market Intelligence found.
Persons: Joseph Delli Santi, James Hansen, Andy Ingraham, Ingraham, Evens Charles, Banks, Mitchell Hochberg, Bianca Flowers, Caroline Stauffer, Deepa Babington Organizations: U.S, Silicon Valley Bank, Shopoff, Reuters, Build Central Inc, Hilton, Hilton Worldwide Holdings Inc, Marriott International, Caterpillar Inc, Signature Bank, First Republic Bank, National Association of Black, Developers, Frontier Development, Hospitality Group, Washington D.C, PacWest Bancorp, P Global Market Intelligence, Lightstone, Thomson Locations: Silicon, California, Florida , Texas, Washington, Arizona, New York, Chicago, Bengaluru
June 5 (Reuters) - Tighter lending standards from regional banks are making it harder for U.S. hotel developers to secure funding, slowing construction of new hotels at a time Americans' appetite for travel is ripe. Analysts say slower hotel development will also limit profits of blue-chip manufacturers like Caterpillar Inc. , whose commercial real estate customers account for around 75% of construction sales. Overexposed regional banks are now offloading commercial real estate loans at a discount. Troubled regional lender PacWest Bancorp (PACW.O) announced in May it would sell $2.6 billion worth of real estate construction loans. Banks started to reduce their hotel loan portfolios in the first quarter of 2023, an analysis by S&P Global Market Intelligence found.
Persons: Joseph Delli Santi, James Hansen, Andy Ingraham, Ingraham, Evens Charles, Banks, Mitchell Hochberg, Bianca Flowers, Caroline Stauffer, Deepa Babington Organizations: U.S, Silicon Valley Bank, Shopoff, Reuters, Build Central Inc, Hilton, Hilton Worldwide Holdings Inc, Marriott International, Caterpillar Inc, Signature Bank, First Republic Bank, National Association of Black, Developers, Frontier Development, Hospitality Group, Washington D.C, PacWest Bancorp, P Global Market Intelligence, Western Alliance, Lightstone, Thomson Locations: Silicon, California, Florida , Texas, Washington, Arizona, New York, Chicago, Bengaluru
Milton da Costa Junior nosed his pickup through a remote stretch of the western Brazilian Amazon to check on his babies. Local authorities said the September 2021 incident, which Da Costa outlined in a police report that was reviewed by Reuters, is being investigated. Out of dozens of reforestation initiatives in the country, Rioterra and The Black Jaguar Foundation, a Brazilian-European group, are among the largest. Illegal invaders destroy in hours what it takes Rioterra or Black Jaguar a year to plant. In all, Black Jaguar has signed contracts with 26 farms and planted 326 hectares (806 acres) to date.
Persons: Milton da Costa, Da Costa, Carlos Nobre, Alexis Bastos, Rioterra, , Nobre, , Bastos, Jamari, Dejesus Aparecido Ramos, it’s, ” Bastos, Jair Bolsonaro, Germany –, Bolsonaro, Luiz Inácio Lula da Silva, Black, Ben Valks, Valks, Leandro Silveira, Silveira, São, ” Valks, aren’t, Cristina Banks, Leite, Marcos Mariani, Araguaia, Mariani, Tânia Irres, ” Irres, Regina Molke, I’ll, Clovis, Black Jaguar, Aquaverde, Renato Franklin, “ Ben, ” Franklin, L’Oreal, da Costa, ” Da Costa, da, Spring, Clare Trainor, Catherine Tai, Lais Morais, Ilan Rubens, Lucy Ha, John Emerson, Marla Dickerson Organizations: Milton da Costa Junior, Toyota, Reuters, Black Jaguar Foundation, National Institute for Space Research, Rioterra, Cultural, Environmental Studies, Petrobras, , Amazon Fund, Environment Ministry, United, United Arab Emirates, São Paulo, Global, Farmers, Brazil’s Central Bank, Brazil’s National Institute for Space Research, Imperial College London, Santana, Bolsonaro, United Nations, Space Agency, Copernicus, Sentinel Locations: Machadinho, Rondônia, Brazil, Germany, Brazilian, European, Manhattan, Lebanon, Nicaragua, Bastos, Porto Velho, droves, Rio, Black, Itapuã, Oeste, Norway, United Arab, Pará, Caixa, , Costa, Syria, Paris, Santana, Araguaia’s, Clovis, Regina, United States, South, Geneva, Rio Preto, da Costa
The venture studio Fractal Software will no longer start new companies, Insider has learned. Fractal Software, a venture studio that creates startups by hatching its own ideas and hiring founders to execute, has laid off staff and will stop starting new companies, Insider has learned. At least 28 employees, about 25% of staff, have left Fractal in the past six months, according to LinkedIn. Fractal confirmed layoffs occurred starting in December, but would not specify the number of employees affected. Fractal has a few more startups in the pipeline, with a goal of launching 145 companies, two people familiar with the company's strategy said.
Persons: Omri Bloch, That's, Joe Lonsdale's 8VC, Bienville, Melia Russell, Stephanie Palazzolo Organizations: New, Software, Investors, Tiger Global, Bienville Capital, Securities and Exchange Commission, Twitter Locations: New York, 8VC, Bienville
This week, the states that rely on water from the Colorado River reached a temporary deal with the Biden administration on sharing what’s left. Within agriculture, livestock feed is the largest water user, at 55 percent. A limited resourceThe Colorado River system stretches across seven states in the Southwest and Mexico, and a complicated set of decades-old laws determines who gets water from the river, and how much. “But that’s not the reality.”The chart above captures both river water and groundwater withdrawals, but river water makes up the vast majority (about 87 percent) of water use in the basin, according to the study’s authors. About that alfalfaThirty-seven percent of the water used in the Colorado River basin goes toward growing alfalfa and hay used largely to feed dairy cattle.
"All the water is sent to Mumbai, we are left with nothing," said Ashok Shinde, whose village is home to about 700 people rearing poultry and livestock. The Vaitarna dam, which supplies water to Mumbai, is just 50 km (31 miles) from Telamwadi, but is not linked to it. [1/5] Women walk back home balancing pots of water on their head as other women walk towards a well to fill their pots in Telamwadi, near Mumbai, India, May 17, 2023. "Until the permanent solution is in place, we are providing water tankers to ensure residents do not face issues," state water supply officials told Reuters. One of the women usually makes the precarious journey, relying on numerous cracks in the walls to provide support.
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