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☆ Chaos cooking is taking over the dining room as restaurants unleash ambitious culinary concoctions from Big Mac pizzas to masala mac & cheese
▼ + stars: | 2022-12-17 | by ( Nancy Luna | ) www.businessinsider.com time to read: +4 min

But now restaurants and TikTok are elevating food mashups to a level dubbed chaos cooking. Ambitious culinary concoctions range from Big Mac pizzas to curry-fajitas sold at TGI Fridays. Indie restaurants and chains are unleashing ambitious and improbable culinary concoctions, from Big Mac pizzas at a Washington DC restaurant to curry fajitas at TGI Fridays. On Instagram and TikTok, chaos cooking is showing up in different forms: a pizza slathered with refried beans, zucchini fettuccine, and a vegan peppermint pattie cake. The article asked: Is chaos cooking a pathway to inner peace?

☆ Guest view: Protecting Earth’s underground heroes
▼ + stars: | 2022-12-12 | by ( Tokiers Mark Tercek | Mark Tercek | ) www.reuters.com time to read: +6 min

This activity seals and traps hidden underground ecosystems and their carbon-capturing capabilities. A recent estimate published by Nature found that more than 70% of the Earth’s known soil biodiversity hotspots are unprotected by current conservation schemes. The first step is to incorporate underground ecosystems into global conservation and climate schemes. We should also begin systematically mapping and monitoring underground biodiversity hotspots across the Earth. Researchers are starting to record, analyse and use soundscapes to identify underground biodiversity hotspots.

Justice Department regulations say that money laundering charges against a financial institution must be approved by the MLARS chief. Binance's defense attorneys at U.S. law firm Gibson Dunn have held meetings in recent months with Justice Department officials, the four people said. Faced with the Justice Department investigation, Binance hired an external lawyer from U.S. law firm Paul Weiss, Roberto Gonzalez, who was previously Treasury's deputy general counsel. MLARS has a reputation in the Justice Department for moving slowly in reaching prosecution decisions, people familiar with its activities said. Day met with Justice officials in Washington in recent months, three of the people said.

☆ U.S. Justice Department reportedly split over charging Binance as crypto world falters
▼ + stars: | 2022-12-12 | by ( ) www.cnbc.com time to read: +15 min

Justice Department regulations say that money laundering charges against a financial institution must be approved by the MLARS chief. Binance's defense attorneys at U.S. law firm Gibson Dunn have held meetings in recent months with Justice Department officials, the four people said. Faced with the Justice Department investigation, Binance hired an external lawyer from U.S. law firm Paul Weiss, Roberto Gonzalez, who was previously Treasury's deputy general counsel. The Justice Department appointed Eun Young Choi, previously Monaco's senior counsel, as NCET's first director. MLARS has a reputation in the Justice Department for moving slowly in reaching prosecution decisions, people familiar with its activities said.

☆ Reaction to China loosening COVID restrictions
▼ + stars: | 2022-12-07 | by ( ) www.reuters.com time to read: +4 min

Here's what people are saying about the latest moves to ease China's COVID curbs;FRANK BENZIMRA, HEAD OF ASIA EQUITY STRATEGY, SOCIETE GENERALE, HONG KONG"MSCI China has rebounded nicely, valuations have risen and can very gradually normalise. "The next checkpoint will be Chinese New Year; I think markets are looking for further relaxation to facilitate return to their hometowns by Chinese New Year." MITUL KOTECHA, HEAD OF EMERGING MARKETS STRATEGY, TD SECURITIES, SINGAPORE"These are significant steps, and the reality is the current policy had become very difficult to administer given how widespread COVID is in the country. SAKTIANDI SUPAAT, REGIONAL HEAD OF FX RESEARCH & STRATEGY, MAYBANK, SINGAPORE"I think markets have, in some ways, priced in that element (of further easing). I mean, it's better for China to deregulate its COVID restrictions but even if it's a booster for the Chinese economy and commodity prices, that will work negatively for a Fed pause because it tightens monetary conditions."

☆ Reaction to China relaxing COVID restrictions in major policy shift
▼ + stars: | 2022-12-07 | by ( ) www.reuters.com time to read: +6 min

REDMOND WONG, GREATER CHINA MARKET STRATEGIST, SAXO MARKETS, HONG KONG"The 10 new measures are underwhelming, given the high expectations. GARY NG, ECONOMIST, NATIXIS, HONG KONG"The latest announcements show China is determined to speed up its reopening due to economic pressure. It is likely to see upswings cyclically in business sentiment from suppressed demand, especially in sectors heavily affected by the covid restrictions. "The next checkpoint will be Chinese New Year; I think markets are looking for further relaxation to facilitate return to their hometowns by Chinese New Year." SAKTIANDI SUPAAT, REGIONAL HEAD OF FX RESEARCH & STRATEGY, MAYBANK, SINGAPORE"I think markets have, in some ways, priced in that element (of further easing).

REUTERS/Rebecca Naden/File PhotoMONTREAL, Dec 6 (Reuters) - Countries are gathering Tuesday for a key U.N. nature conference in Montreal, aiming to broker a new global agreement to protect what's left of Earth's wildlife and natural spaces. Global Land Outlook assessment. Like many other campaigners, Zabey called for "an ambitious, clear and enforceable international agreement" similar to the Paris Agreement on climate change. Unlike the U.N. climate talks, Montreal's summit will see few world leaders, which negotiators say could make it tougher to reach an ambitious agreement. Meanwhile, Montreal police have put up a 3-meter (10-foot) fence around the downtown summit venue, Palais des congrès, and are preparing for thousands of student protesters expected to swarm the Montreal's streets to demand a strong deal to protect nature.

☆ Explainer: What's on the agenda at the U.N.'s COP15 nature summit?
▼ + stars: | 2022-12-06 | by ( Gloria Dickie | ) www.reuters.com time to read: +5 min

MONTREAL, Dec 6 (Reuters) - A key United Nations summit to halt nature loss begins this week in Montreal, Canada. China's COP15 summit has been delayed four times, however, from its original date in 2020 due to COVID. The world's last set of nature targets - the Aichi Targets - expired in 2020. To protect nature, countries will need cash - a lot of it. Environmental groups argue that rich nations should provide at least $60 billion per year to help developing countries meet their nature targets.

☆ IEA: The world will gain enough renewable energy in 5 years to power China
▼ + stars: | 2022-12-06 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

In a report published Tuesday, the International Energy Agency forecast a sharp acceleration in installations of renewable power. Global renewable power capacity is now expected to grow by 2,400 gigawatts (GW) between 2022 and 2027, an amount equal to the entire power generating capacity of China today, according to the report. Policy and market reforms in China, the United States and India are also driving the growth in renewable power. China is expected to account for almost half of new global renewable power capacity added between 2022 and 2027, according to the IEA report. “Together, wind and solar will account for over 90% of the renewable power capacity that is added over the next five years,” the IEA said.

☆ EU to adapt state aid schemes in response to U.S. subsidy package, von der Leyen says
▼ + stars: | 2022-12-04 | by ( ) www.reuters.com time to read: +1 min

BRUSSELS, Dec 4 (Reuters) - The EU will adapt its state aid rules to prevent an exodus of investment triggered by a new U.S. green energy subsidy package, the bloc's chief executive said on Sunday. "Competition is good ... but this competition must respect a level playing field," European Commission President Ursula von der Leyen said in a speech in the Belgian city of Bruges. "The (U.S.) Inflation Reduction Act should make us reflect on how we can improve our state aid frameworks and adapt them to a new global environment," she added. The topic is one of several on the agenda of the EU-U.S. Trade and Technology Council meeting on Dec. 5. Reporting by Sabine Siebold and Riham Alkousaa; Editing by Gareth Jones and David HolmesOur Standards: The Thomson Reuters Trust Principles.

☆ Western firms’ Chinese red lines are not their own
▼ + stars: | 2022-12-02 | by ( Lisa Jucca | ) www.reuters.com time to read: +4 min

Yet companies’ red lines on China are out of their hands. Undeterred by growing geopolitical tensions and slowing Chinese growth, several Western companies have this year intensified the rate at which they bet on the People’s Republic. If Western states decide to impose sanctions, boards would have their red lines decided for them. Western companies will keep betting on the Middle Kingdom, until their governments stop them. The report predicts China will become the largest global market for luxury goods by 2025.

☆ Amazon media chief Jeff Blackburn retires from the company for the second time
▼ + stars: | 2022-12-02 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +2 min

Senior Vice President of Business Development at Amazon Jeff Blackburn (R) and Anne Blackburn attend the The IMDb Dinner Party at the Sundance Film Festival presented by Dolby on January 28, 2019 in Park City, Utah. Jeff Blackburn is retiring for the second time from Amazon , where he held a number of high-profile leadership roles over two decades. Amazon said Friday that the senior vice president of global media and entertainment will remain at the company through early 2023 to "ensure a smooth transition." Blackburn joined Amazon in 1998 and has worked on a number initiatives at the company including advertising, Amazon Studios and Prime Video service and music business. He rejoined that May as the senior vice president of a new Global Media & Entertainment division, overseeing Amazon's video, music, podcast, and gaming businesses.

☆ New research may have just paved the way for a 4-day work week
▼ + stars: | 2022-12-01 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

A new global study found a four-day work week was a "resounding success" in a pilot program. The research found the shortened work week was a "resounding success on virtually every dimension." Over the trial period, revenue among the participating companies rose 8.14%, and when compared to the same time period last year, revenue jumped 37.55%. The four-day work week has also caught attention of some lawmakers. "The 32-hour work week would go a long way toward finally righting that balance."

☆ On World AIDS Day, Biden administration releases new global strategy to end HIV/AIDS by 2030
▼ + stars: | 2022-12-01 | by ( Jamie Gumbrecht | ) edition.cnn.com time to read: +3 min

CNN —On World AIDS Day, the Biden administration renewed its focus on ending the HIV/AIDS epidemic by 2030, releasing a new five-year strategy for the United States’ global response. HIV remains a serious threat to global health security and economic development,” US Secretary of State Antony Blinken wrote in the new strategy. Globally, progress toward ending HIV and AIDS has been uneven. In the United States, there are wide disparities in access to treatment, and Black and Hispanic Americans are disproportionately affected by HIV. More than 1.1 million people in the United States had HIV at the end of 2019, according to the US Centers for Disease Control and Prevention.

☆ China calls for ambitious, pragmatic biodiversity deal
▼ + stars: | 2022-11-28 | by ( ) www.reuters.com time to read: +2 min

SHANGHAI, Nov 28 (Reuters) - China will lead talks to secure an "ambitious and pragmatic" new global pact to preserve biodiversity at a U.N. meeting that begins next week, but implementing the deal remains the biggest challenge, Chinese officials said on Monday. Zhou Guomei, head of the international department of the environment ministry, told reporters that negotiations so far had not been "plain sailing" but focused on an ambitious deal that was "also pragmatic, balanced, feasible and achievable". A previous biodiversity pact signed in Aichi, Japan, in 2010, set 20 targets to try to slow biodiversity loss by 2020. Countries need to "fully consider" the attainability of any new targets, said Cui Shuhong, head of the ministry's natural ecology department. "We should learn fully from the experience and lessons during the implementation of the Aichi targets, not only to boost the ambition and confidence in global biodiversity conservation, but also to be down-to-earth and realistic," he added.

☆ Energy trader Gunvor expands leadership team
▼ + stars: | 2022-11-24 | by ( Julia Payne | ) www.reuters.com time to read: +1 min

Companies Gunvor Group Ltd FollowLONDON, Nov 24 (Reuters) - Geneva-based energy trader Gunvor Group has widened its executive committee to 14 people including its chief executive, reflecting the growing importance of gas trading for the firm, the company’s website showed on Thursday. Gunvor has a separate company, Nyera, set up in 2021 to invest in renewable energy sources. As one of the world's top five oil traders, the company traded about 3.1 million barrels per day of oil last year. It posted a record profit in 2021 and a record first half of this year on the back of record energy price volatility. The leadership changes also come amid talks with Abu Dhabi National Oil company (ADNOC) to acquire the whole or a stake in Gunvor.

☆ Column: China on track to hit new clean & dirty power records in 2022: Maguire
▼ + stars: | 2022-11-23 | by ( Gavin Maguire | Thomson Reuters | Gavin Maguire Is The Global Energy Transition Columnist. He Was Previously Asia Commodities | ) www.reuters.com time to read: +4 min

LITTLETON, Colo Nov 23 (Reuters) - China is set to delight and depress climate trackers in equal measure in 2022 by setting new global records in both clean power utilisation and coal-fired electricity emissions. Indeed, Beijing's commitment to developing renewable energy supplies at unmatched scale cannot be questioned. The country deployed more renewable energy generation capacity in 2021 than the rest of the world combined. Clean electricity generation by key marketIn 2022, China's expansions in solar and wind power have put it on track to hit 3,000 terawatt-hours of clean energy electricity generation - far more than any other country - and lifted the share of clean energy in China's electricity mix to a national record of 31.9%, Ember data shows. That compares to a 26.3% share in 2015, and puts China top among global leaders in terms of large-scale clean energy deployment.

☆ New global climate deal struck at conference in Egypt
▼ + stars: | 2022-11-20 | by ( Sam Meredith | ) www.cnbc.com time to read: +3 min

Climate reparations, or "loss and damage" funding, is a highly divisive and emotive issue that is seen as a fundamental question of climate justice. Government ministers and negotiators from nearly 200 countries finally secured an agreement Sunday aimed at keeping a critically important global heating target alive. The new political deal reaffirms efforts to limit global temperature rise to the crucial temperature threshold of 1.5 degrees Celsius above pre-industrial levels and the creation of a new "loss and damage" fund that would compensate poor nations that are victims of extreme weather worsened by climate change. Delegates struggled to build consensus on an array of issues, even as a flurry of U.N. reports published ahead of the conference made clear just how close the planet is to irreversible climate breakdown. The summit made history as the first to see the topic of loss and damage funding formally make it onto the COP27 agenda.

☆ FTX begins strategic review, seeks court relief to pay critical vendors
▼ + stars: | 2022-11-19 | by ( ) www.reuters.com time to read: +2 min

Nov 19 (Reuters) - Collapsed crypto exchange FTX said on Saturday it has launched a strategic review of its global assets and is preparing for the sale or reorganisation of some businesses. FTX, along with about 101 affiliated firms, also sought court relief to allow the operation of a new global cash management system and payment to its critical vendors. FTX will explore sales, recapitalisations or other strategic transactions for some of its units, the company's new Chief Executive officer John Ray said in a statement. The exchange said that if it fails to receive the requested court relief, it will result in "immediate and irreparable harm" to its businesses. The company has appointed Perella Weinberg Partners LP as its lead investment bank to help with the sale process, subject to court approval.

☆ FTX launches strategic review, seeks court relief to pay critical vendors
▼ + stars: | 2022-11-19 | by ( ) www.cnbc.com time to read: +2 min

Bahamas-based crypto exchange FTX filed for bankruptcy in the U.S. on Nov. 11, 2022, seeking court protection as it looks for a way to return money to users. Collapsed crypto exchange FTX said on Saturday it has launched a strategic review of its global assets and is preparing for the sale or reorganisation of some businesses. FTX, along with about 101 affiliated firms, also sought court relief to allow the operation of a new global cash management system and payment to its critical vendors. The exchange said that if it fails to receive the requested court relief, it will result in "immediate and irreparable harm" to its businesses. The company has appointed Perella Weinberg Partners LP as its lead investment bank to help with the sale process, subject to court approval.

Robert Allbritton launched Protocol in early 2020 with a lofty goal of replicating his success with Politico for the tech industry. But that was a nonstarter, in part because Axel Springer, through a joint venture, already owned half of Politico Europe. Axel Springer acquired Protocol in October 2021 as part of its $1 billion-plus acquisition of Politico. Goli Sheikholeslami became CEO of Politico Media Group in February and was focused on the task of integrating Politico's US and Europe operations. The person familiar with the business said that Axel Springer gave Protocol a real shot.

According to a person familiar with the business, some inside Politico originally hoped to create what became Protocol as a direct offshoot — using a name like "Politico Tech." But that was a nonstarter, in part because Axel Springer already owned the rights to half of the Politico brand in Europe. Axel Springer acquired Protocol in October 2021 as part of its $1 billion-plus acquisition of Politico. Goli Sheikholeslami became CEO of Politico Media Group in February and was focused on the task of integrating Politico's US and Europe operations. A few former employees, in retrospect, wondered how committed Axel Springer was to the little tech-news site that came bundled with its Politico purchase.

☆ COP27 climate talks seen as key to success at next month's U.N. nature summit
▼ + stars: | 2022-11-16 | by ( Gloria Dickie | ) www.reuters.com time to read: +5 min

"Climate change is one of the big drivers of biodiversity loss," said David Cooper, the deputy chief of U.N.'s Convention on Biological Diversity. "If we don't have successful outcomes in the climate process, then we cannot halt biodiversity loss," Cooper said. "You cannot have a dream of coping with climate change only through the emissions," Virginijus Sinkevičiu, European Commissioner for Environment, Oceans and Fisheries, told Reuters. "If ecosystems are not able to cope, you don't have a success story" in fighting climate change. President Xi Jinping has not attended the climate talks in Sharm el-Sheikh and is also not expected to attend COP15.

☆ How anyone can get a cut of the $1.2T vacation rental market with reAlpha
▼ + stars: | 2022-11-10 | by ( Sponsor Post | Created Realpha With Insider Studios | ) www.businessinsider.com time to read: +9 min

And anyone can invest as they disrupt the $1.2 trillion short-term rental market. Now reAlpha is doing it for the $1.2 trillion short-term rental industry — and the timing couldn't be better. Why reAlpha targets the vacation rental marketreAlpha is targeting the vacation rental market because it's outperforming the rest of the real estate sector, and isn't slowing down. reAlpha makes short-term rental investing easyWhile many aspiring property investors are looking to get in on the $1.2 trillion short-term rental market, they're faced with roadblock after roadblock. Not only is reAlpha targeting the fast-growing vacation rental market, but they're using AI to take the opportunity to the next level.

☆ Column: U.S. rush for renewable diesel may ignite fresh food fight
▼ + stars: | 2022-11-08 | by ( Gavin Maguire | Thomson Reuters | Gavin Maguire Is The Global Energy Transition Columnist. He Was Previously Asia Commodities | ) www.reuters.com time to read: +6 min

Renewable diesel, however, is chemically identical to petroleum-based diesel - so can be consumed in place of or along with normal diesel in whatever quantities are desired by end users. US renewable diesel vs biodiesel useRenewable diesel also emits fewer emissions than both biodiesel and regular diesel. US renewable diesel vs biodiesel production capacityFurther increases in renewable diesel production capacity are expected in the near term, with the EIA projecting capacity to climb to 5.1 billion gallons a year by 2024, from less than 1 billion in 2020. But that consumption share looks set to grow further as more renewable diesel production comes on line. Other major renewable diesel suppliers include Finland and the Netherlands, although both those countries have stepped up their own domestic consumption of renewable diesel in recent years, leaving little left for exports.

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