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Between abandoned coal mines and an engine plant scheduled for closure, a gleaming new factory hovers like a phoenix over Billy-Berclau, a small industrial town in northern France. Inside, 700 newly hired workers are making next-generation electric vehicle batteries for the Automotive Cells Company — part of a grand project to revive the wider region’s flailing fortunes. A “Battery Valley” is rising here from the remains of industries that shuttered during a wave of globalization. “Industry is an anti-National Rally weapon, because in places where anger has risen, we’re restoring hope,” Roland Lescure, Mr. Macron’s deputy industry minister, said earlier this year. Billy-Berclau, and nearly every other town in this region of Pas-de-Calais handed a resounding victory last week to National Rally in parliamentary elections — a trend that is likely to be repeated in a final voting round on Sunday.
Persons: Berclau, Emmanuel Macron’s, ” Roland Lescure Organizations: Automotive Cells Company, , Calais, Rally Locations: France, Pas
The Shell logo is displayed outside a petrol station in Radstock on February 17, 2024 in Somerset, England. Energy giant Shell on Friday said it expects to record a post-tax impairment hit of up to $2 billion mainly linked to its Singapore and Rotterdam plants, while also saying trading in its key gas division will decline on the quarter. This comes after Shell on Tuesday announced it would temporarily suspend on-site construction at its 820,000 metric tons a year biofuels facility in Rotterdam amid current market conditions. The oil major also anticipates a second non-cash post-tax impairment of $600-800 million after agreeing to divest its Singapore refining and chemicals plant back in May. On the downside, RBC flagged "higher corporate costs and a neutral result from the chemicals division."
Persons: Shell Organizations: Energy, Shell, RBC Capital Markets, RBC Locations: Radstock, Somerset, England, Singapore, Rotterdam
Crypto stocks — Stocks tied to bitcoin price slid after the cryptocurrency dropped 5% to its lowest level since February , with the now defunct Mt. Macy's — Shares of the retailer jumped more than 6% following a Wall Street Journal report that an investor group has hiked its takeout offer. Arkhouse Management and Brigade Capital Management are now offering about $24.80 per share for Macy's, up from $24 previously, the report said. Tesla — The electric vehicle manufacturer popped 2%, marking a continuing comeback after its second-quarter vehicle deliveries number beat analyst estimates earlier this week. Shell — Shares popped 1%.
Persons: Stocks, Energy, CleanSpark, Instructure, Tesla, CNBC's Hakyung Kim, Tanaya Macheel, Sarah Min, Jesse Pound Organizations: Marathon, Francisco Partners, KKR, Reuters, Macy's, Journal, Arkhouse Management, Brigade Capital Management, Novo Nordisk —, Harvard, Novo Nordisk's Ozempic, Deutsche Bank, Shell Locations: Novo, Singapore, Rotterdam
Israel's Iron Dome anti-missile system intercepts rockets launched from the Gaza Strip, as seen from Ashkelon, in southern Israel, October 20, 2023. It has a success rate of around 90%, according to the Israel Defense Forces. An Iron Dome launcher fires an interceptor missile as rockets are fired from Gaza, in Ashkelon, Israel May 10, 2023. Amir Cohen | ReutersThe Iron Dome also intercepts around 90% of the near-daily rocket attacks from Hamas and other militant groups in Gaza, the IDF claims. Hamas' rockets and missiles, by comparison, are estimated to number in the tens of thousands.
Persons: Amir Cohen, Israel —, Rafael, , Miri Eisin, Eisin, credibly, Victor Tricaud, Tricaud, Wissam tawil Organizations: Reuters, U.S, Palestinian, Hamas, Israel Defense Forces, Defense Ministry, Rafael Advanced Defense Systems, Hezbollah, International Institute for Counterterrorism, Tel, CNBC, Israel's Reichman, Iranian, Getty Locations: Gaza, Ashkelon, Israel, Iran, Lebanese, Lebanon, Washington, Tel Aviv, Hamas, Iranian, Khirbit
This photograph taken on April 6, 2022, shows a general view of the National Thermal Power Corporation (NTPC) plant in Dadri. The mounds of jet-black coal shimmering under the afternoon sun at the Dadri power plant are a raw illustration of India's coal dependence -- a habit that despite increasing pressure, the country is finding hard to kick. India has asked power companies to order equipment worth $33 billion this year to fast track capacity additions of coal-fired power in the years ahead, as the South Asian nation struggles to meet booming electricity demand, two government officials said. India is rushing to add fresh coal-fired plants as it is barely able to meet high power demand with the existing fleet in non-solar hours. Post pandemic, the country's power demand scaled new records on the back of the fastest rate of economic growth among major economies and increased instances of heatwaves.
Persons: Manohar Lal, Narendra Organizations: National Thermal Power Corporation, Adani, Power Locations: Dadri, India
AdvertisementAlthough payments have declined, electricity prices — the chief component driving utility costs — have been rising quickly, BofA noted. The upswing is on account of increased power demand, fueled by a range of diverse sources. But AI is the front-and-center factor that will drive utility costs up over a potentially multi-decade horizon, BofA noted. Higher demand cloud servers has already caused a upswing in commercial electricity demand, such as in Virginia and Texas. AdvertisementFor investors, the rising power demand has drawn a spotlight on utility stocks, projected to be the AI boom's actual winners.
Persons: BofA, , It's Organizations: Bank of America, Service, BofA Global Research Locations: Virginia, Texas
Then came the heat wave. But it is also a lifeline against increasingly brutal heat, the deadliest type of extreme weather. It allows people to live in places where temperatures push close to the limits of survivability and where extreme heat persists even at night. And many electrical grids are being pushed to a breaking point due to increasingly frequent extreme weather and soaring demand for cooling. Heat can affect vital organs and cause heat exhaustion, heat stroke and even death.
Persons: Ida, , Jen Brady, Michael Webber, Webber, Brian Stone Jr, Hurricane Ida, Leah Millis, ” Webber, ” Stone, Stone, Kate Gallego, ” Gallego, it’s, Mario Tama, Central’s Brady, , Ian, Organizations: CNN, Climate Central, Climate, University of Texas, Georgia Institute of Technology, , Service, Authorities, Arizona Public Service, Babcock Locations: Louisiana, New Orleans, Austin, California, Pacific Northwest, Europe, Albania, Bosnia, Croatia, Montenegro, New Orleans , Louisiana, Hurricane, Atlanta, Detroit, Phoenix, Phoenix , Arizona, Florida
Coal-fired power plants in Mariveles, Bataan, the Philippines, on June 6, 2023. Bloomberg | Bloomberg | Getty ImagesThe Philippines' dependency on coal-fired power surged 62% last year, overtaking China, Indonesia and Poland, according to London-based energy think-tank Ember. The Philippines was also the most coal-dependent country in Southeast Asia in 2023, as adoption of renewable electricity generation remained low. Indonesia and the Philippines are the two most coal dependent countries in Southeast Asia and their reliance on coal is growing fast. Ember"To date, dependency on these coal power plants continues."
Persons: Setyawati, , there's Organizations: Bloomberg, Getty, Southeast, Ember Climate, CNBC Locations: Mariveles, Bataan, Philippines, China, Indonesia, Poland, London, Southeast Asia, India
You See a Hedge. He Sees Something Else.
  + stars: | 2024-07-03 | by ( Isabella Kwai | ) www.nytimes.com   time to read: 1 min
When Tim Bushe decided to trim some hedges one recent evening, he attracted more attention than usual for a routine garden chore. Mr. Bushe is used to attention. It happens every time he gives his two gigantic, furry elephants a haircut. They are just one set of a collection of hedges on residential streets that Mr. Bushe has transformed from overgrown plants into whimsical creations. His hedge menagerie includes two cats, a squirrel, a hippo and a fish.
Persons: Tim Bushe, honked, Bushe
CNN —In the first week of a new Trump administration, President Joe Biden’s climate wins would get put through the shredder. “He has said he’s going to come back with a vengeance,” former US special climate envoy John Kerry told CNN. He has railed against Biden’s climate policies at rallies and derided clean energy, vowing to push America back to fossil fuels. He has openly courted the oil industry at fundraising events, the Washington Post reported, promising regulation rollbacks in exchange for campaign cash. It could happen “very fast,” said David Bernhardt, who served as Interior Secretary in the Trump administration.
Persons: Trump, Joe Biden’s, nix, , John Kerry, it’s, , Joe Biden, ” Trump, Karoline Leavitt, Leavitt, Anna Moneymaker, ” Mandy Gunasekara, David Bernhardt, Bernhardt, Biden, Trump’s, Sarah Palin, ’ pocketbooks, Diana Furchtgott, Roth, Gavin Newsom, ” Newsom, “ We’re, Newsome, David Paul Morris, John Bozzella, Bozzella, ” Bozzella, he’s, ” Bob McNally, George W, Bush, Scott Olson, , ” Bernhardt, McNally, ” McNally, ’ Trump, Nate Hultman, Frederic J . Brown, haven’t, Kerry, ” Kerry, CNN’s Alayna Treene, Bill Weir, Julian Quinones Organizations: CNN, Trump, Washington Post, White, Environmental, Agency, EVs, Environmental Protection Agency, Republicans, Treasury Department, Former Trump Department of Transportation, Heritage Foundation, California Gov, Bloomberg, Alliance, Automotive Innovation, Biden, Fox News, Energy, Rapidan Energy Group, Bush White House, US Energy Information Administration, Trump Interior, Trump’s, Center for Global Sustainability, University of Maryland, State Department, Getty, United Nations Locations: Alaska, Paris, United States, Philadelphia, California, Washington ,, San Francisco, CNN California, Montebello , California, AFP
So far, the only part of Earth AI seems hell-bent on dominating is the power grid. AI data centers are doubling the pace of electricity demand growth in the US to the extent that demand could exceed supply in just two years without action, according to Bernstein Research. The potential shortfall could mean higher prices for the computing power AI developers of all sizes are clamoring for, along with ample opportunity for investors willing to build up supply. How are AI companies planning aheadIt's not just the total power needed for AI computing infrastructure, it's the unique cadence of the power need and the cooling AI chips require. Amazon is clearing some of these hurdles by colocating some data centers with nuclear power sites.
Persons: , that's, catchup, Bernstein, Jensen Huang, Huang, Agrawal, we're, Andrew Feldman, Feldman Organizations: Service, Bernstein Research, Business, Nvidia, Vertiv, Lambda, Cerebras Systems Locations: UAE, South Africa, Kenya, Nigeria, Egypt, Iceland
Hamm also donated $50 million toward Burgum’s effort to build a presidential library honoring Theodore Roosevelt in North Dakota. CNBC first reported on Burgum’s financial ties with Continental, and the Associated Press previously reported on the politics of the Summit pipeline debate. Gaylen Dewing and Marvin Abraham put up a sign opposing the Summit pipeline east of Bismarck, N.D. in August 2023. Supporters say it will be an economic driver for North Dakota and help reduce emissions across the Midwest. North Dakota landowner Kurt Swenson attends a court hearing related to the pipeline project.
Persons: Donald Trump, Doug Burgum, GOP megadonors, , That’s, ” Troy Coons, “ It’s, Al Drago, Burgum, ingratiated, Biden, Trump, , , Joe Biden’s, Bruce Rastetter, Harold Hamm, Evan Vucci, Hamm, Theodore Roosevelt, ” Burgum, Rob Lockwood, Gary Tharaldson, Tharaldson, Justin Lane, who’s, Scott Skokos, ” Lockwood, ” Virginia Canter, ” Canter, “ Burgum, Drew Wrigley, Doug Goehring, don’t, Forbes, Sen, Jeff Magrum, Gaylen Dewing, Marvin Abraham, Jack Dura, Derrick Braaten, “ You’ll, Kurt Swenson's, Joe Swenson, Mike Bauman, Bauman, ” Bauman, Terry Wanzek, Mike Haupt, ” Haupt, Kurt Swenson, Kurt Swenson Kurt Swenson, ” Swenson, “ You’re, Swenson, CNN’s Alayna Treene Organizations: CNN, North Dakota Gov, GOP, Bloomberg, Getty, North, of Environmental, Trump, Republican, Associated Press, AP . Pipeline, Carbon Solutions, Midwest Carbon Express, Summit Agricultural, Iowa GOP, Continental Resources, Securities, Exchange, Continental, AP Continental, Burgum, CNBC, Forbes, Washington Post, Dakota Resource Council, North Dakota Industrial Commission, Summit, Rastetter, AP, Conservatives, Sierra Club, Farm, North Dakota Monitor Locations: North Dakota, Laconia , New Hampshire, Lago, North Dakota’s, Burgum, Pittsburgh, Hamm, Roosevelt, spokespeople, Trump's New York City, Washington, Iowa, Tharaldson, Bismarck, Kurt Swenson's North Dakota, Mercer County
The Secret Behind a Beloved Palestinian Dessert
  + stars: | 2024-07-03 | by ( Ligaya Mishan | ) www.nytimes.com   time to read: +1 min
Take a handful of tears. This is not an attempt at poetry: They are, in fact, called tears, these tiny, translucent fragments of resin, glittering like sugar and giving off the scent of high, sweet pine. Once rooted, fed by the sun, the trees can go for long stretches without water — without any care at all. Only a species indigenous to the southern coast of the Greek island Chios produces this precious sap, prized since antiquity as medicine and seasoning for food. (In the 19th century, breath-purifying mastic chewing gum was an indulgence reportedly as beloved by the women of Constantinople as tobacco by the men.)
Persons: Saint Isidore, Herodotus Locations: Chios, Greek Independence, Ottoman
CNBC Daily Open: 'Roaring Kitty' gets chewed up
  + stars: | 2024-07-02 | by ( Abid Ali | ) www.cnbc.com   time to read: +3 min
Traders work on the floor of the New York Stock exchange during morning trading on Nov. 10, 2023 in New York City. This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. AI momentumWall Street kicked off the second half of the year with modest gains, propelled by continued strength in megacap stocks. Boeing, Spirit upShares of Boeing and Spirit AeroSystems rose 2.58% and 3.35% respectively after Boeing agreed to buy back fuselage maker Spirit in a $4.7 billion all-stock deal.
Persons: Keith Gill, Gill, Paris . Hurricane Beryl Cruise, Tom Lee, Lee Organizations: New York Stock, CNBC, Dow Jones, Nasdaq, Microsoft's, Paramount, Warner Bros ., Netflix, Securities and Exchange Commission, Wall, Boeing, Airbus, Paris . Hurricane, Norwegian Cruise, Royal Locations: New York City, U.S, Chewy, Belfast , Wichita, North Carolina, Paris ., Grenada, Norwegian, Royal Caribbean, Mt
“This discovery is important because it shows that after the extinction of the dinosaurs, grapes really started to spread across the world.”Much like the soft tissues of animals, actual fruits don’t preserve well in the fossil record. How ancient forests changedWhen the dinosaurs went extinct, their absence changed the entire structure of forests, the team hypothesized. “In the fossil record, we start to see more plants that use vines to climb up trees, like grapes, around this time,” Herrera said. Meanwhile, as a diverse set of birds and mammals began to populate Earth after the disappearance of the dinosaurs, they likely also helped spread grape seeds. Several fossils are related to modern grapes and others are distant relatives or grapes native to the Western Hemisphere.
Persons: hadn’t, , Fabiany Herrera, , ” Herrera, Steven Manchester, Herrera, “ I’ve, Mónica Carvalho, Carvalho, , Arthur T, Susman, Gregory Stull, ” Carvalho Organizations: CNN, Field, Research, University of Michigan’s, of Paleontology, South, Field Museum, National Museum of, Central, Western Locations: Colombia, Panama, Peru, India, South America, Western, Colombian, American, South, Central America, Central, Asia, Africa
AI boom leads to nuclear deals
  + stars: | 2024-07-01 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAI boom leads to nuclear dealsOwners of roughly a third of U.S. nuclear power plants are in talks with tech firms to provide electricity to data centers to meet AI demands.
Organizations: U.S
Scientists have now found evidence that a group of the winged travelers flew over 2,600 miles (about 4,200 kilometers) across the Atlantic Ocean without stopping, according to a new study published June 25 in the journal Nature Communications. The insects, which are not usually found in South America, were worn out with holes and tears in their wings. Tracking a butterflyResearchers took a few crucial steps to confirm these out-of-place butterflies really did travel across the ocean. By this method, the scientists concluded the butterflies’ birthplace to be in either Western Europe, North Africa or West Africa, she added. The researchers hope to use the same techniques to investigate the migration patterns of other species of butterflies, she added.
Persons: Dr, Gerard Talavera, Vanessa cardui, , Talavera, ” Talavera, , Floyd Shockley, Shockley, Megan Reich, ” Reich, ” Shockley Organizations: CNN, Nature Communications, Spanish National Research Council, Botanical Institute of Barcelona, Migration, Smithsonian National Museum of, University of Ottawa Locations: Guiana, South America, Europe, Saharan Africa, Washington , DC, North America, Ontario, Western Europe, North Africa, West Africa, Africa
CNN —A major Supreme Court ruling Friday that shifted power from the executive branch to the judiciary stands to transform how the federal government works. By overturning a 1984 precedent, the court’s conservative majority has made countless regulations vulnerable to legal challenge. The Supreme Court ruling could boost efforts by conservatives who have taken aim at the Biden Environmental Protection Agency’s rules limiting planet-warming pollution from vehicles, oil and gas wells and pipelines, and power plants. The ruling has injected legal uncertainty into regulations of all types, including those on technology, labor, the environment and health care. But the Supreme Court has yet to decide a case heard this term that might gut that limitation.
Persons: , Kent Barnett, , Thomas Berry, John Roberts, Roberts, Elena Kagan, Sonia Sotomayor, Joe Biden, Shawn ThewPool, Adam Rust, ” Rust, Andrew Schwartzman, Alexander MacDonald, ” MacDonald, Sharon Block, ” Block, Biden, Andrew Twinamatsiko, ” Twinamatsiko, , Paul Gallant, TD Cowen, David Vladeck, Chevron —, Ann Carlson, Carlson, David Doniger Organizations: CNN, Biden, University of Georgia School of Law, Chevron, Natural Resources Defense, Republican, Democratic, Cato Institute . Chief, State of, Consumer, Consumer Financial Protection Bureau, Federal Trade Commission, Consumer Federation of America, , Supreme, Securities, Exchange Commission, Benton Institute for Broadband & Society, Department of Labor, National Labor Relations Board, Opportunity Commission, Harvard Law School, Center, Labor, American Cancer Society, US Food and Drug Administration, US Department of Health, Human Services, Medicare, Services, Medicaid, Human Services Department, HHS, O’Neill Institute for National, Global Health Law, Georgetown University, FDA, Federal Communications Commission, EPA, National, Traffic Safety Administration, University of California, Natural Resources Defense Council Locations: Obamacare, Chevron, State, Washington , DC, Texas, Littler, Los Angeles
Kettlebell sport champ Jennifer Hintenberger shared the smoothie recipe she uses to start the day. Hintenberger has been vegan for over a decade and said it helped her manage serious health issues. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . This story is available exclusively to Business Insider subscribers.
Persons: Jennifer Hintenberger, Hintenberger, Organizations: Service, Business
He follows the Longevity Diet, created by his colleague and L-Nutra cofounder Valter Longo, a professor of gerontology and director of the USC Longevity Institute. It's mainly a plant-based diet but includes fish a few times a week, plus lots of complex carbohydrates, and healthy fats from nuts, Antoun said. Eat nuts every dayNuts are a good source of plant-based protein, complex carbs, and healthy fats, Antoun said. In a 2023 study published in JAMA Network Open, 22 pairs of twins were randomly assigned either a healthy vegan diet or a healthy omnivorous diet for eight weeks. Have dinner early and breakfast lateAnother part of Longo's Longevity Diet, and the central tenant of L-Nutra's business model, is intermittent fasting.
Persons: , Joseph Antoun, Antoun, Valter Longo, biohacking bros Organizations: Service, Business, gerontology, USC Longevity Institute, American College of Cardiology, Mayo Clinic, JAMA
We didn't have a direction or purpose behind the drives, and our car was rickety and unreliable, but it felt good. I was constantly movingAfter I finally moved out, I didn't stop moving. I didn't want to be in Connecticut, so I moved to New York with my sister. My sister wanted to hang things on our walls, to get plants and a cat. That cool warm smell with the windows open and my sister coming out of her room in her leather slippers.
Persons: I've, Rachel Cusk, We've, we've, She's, I'm Organizations: Service, Business Locations: Connecticut, Ohio, Massachusetts, Maine, Colorado, California, Oregon, cafés, New York, Brooklyn
There are 28 days until the Summer Olympics opening ceremony, and tests from the historic Seine River show the water is still at dangerous contamination levels for E. coli, which is often linked to fecal bacteria. AdvertisementAlong with the triathlon events, marathon swimmers are scheduled to dive into the river for their events. The three triathlon events will span from July 30 to Aug. 5, while the marathon swimming races will be on Aug. 8 and 9. The latest findings marked the third consecutive week that samples from the river had unsafe levels of bacteria related to fecal matter. Both have said they plan on swimming in the river themselves to prove its cleanliness.
Persons: Paris, Tony Estanguet, Emmanuel Macron, Paris Mayor Anne Hidalgo, Miguel Medina Organizations: Eau de, World Triathlon, CBS, Games, Paris Mayor, Getty Locations: Eau de Paris, Paris, AFP
Spectators watch a race on the River Thames at the Henley Royal Regatta in Henley-on-Thames, west of London, on June 30, 2023. LONDON — Harmful E.coli bacteria has been discovered at "alarmingly high" levels in the U.K.'s River Thames just days before elite rowers are due to compete there for the international Henley Regatta, anti-pollution campaigners have warned. River Action also found E.coli levels up to 10 times higher in March tests. James Wallace, CEO of River Action, accused the government and Thames Water, which manages water supply in the area, of failing to appropriately manage water hygiene levels. Thames Water did not immediately respond to CNBC's request for comment, though the BBC reported that it had dubbed the findings "alarmist" and said it was monitoring bacteria levels.
Persons: James Wallace, Sir Steve Redgrave, UKHSA Organizations: Henley Royal Regatta, Henley Regatta, River Action, Henley, , Thames Water, BBC, CNBC, Henley Royal, Olympic, UK Health Security Agency Locations: Henley, Thames, London, Oxfordshire
Now 43, Hintenberger said that transitioning to a vegan diet more than a decade ago helped her manage chronic illnesses like irritable bowel syndrome (IBS) and polycystic ovary syndrome (PCOS). AdvertisementQuitting fad diets helped her lose weight and boost her performanceEarlier in her life, Hintenberger struggled with food addiction and binge eating. Focusing on meeting her nutritional needs and switching to a plant-based diet eventually helped her lose more than 70 pounds. When I finally stopped eating to lose weight, I lost weight," Hintenberger said. Hintenberger said eating a plant-based diet has helped her recover more quickly from exercise, and continue gaining strength so she can stay at the top of her sport.
Persons: , Jennifer Hintenberger, Hintenberger, Hintenberg, I'm Organizations: Service, Business
The Supreme Court on Friday overturned a decades-long legal precedent that has empowered the federal government to regulate the environment and other issues, unleashing a potential threat to President Joe Biden's climate policies. The court overruled the Chevron doctrine, one of the most important principles guiding federal regulation for the past 40 years. Last year, the Supreme Court significantly narrowed how many wetlands EPA can regulate to keep them clean. How did this case end up at the Supreme Court? They argued the Chevron doctrine injures small businesses and individuals who have little power to influence federal agencies.
Persons: Joe Biden's, Chevron, John Roberts, Joe Biden, Biden, Raimondo, Charles Koch Organizations: Service, Business, Environmental Protection Agency, Republican, Bright Enterprises, Inc, Department of Commerce, Action Institute, Chevron, Appeals, District of Columbia Circuit, National Marine Fisheries Service Locations: Chevron
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