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☆ The world's supply chains are undergoing strategic reglobalization: International Trade Centre
▼ + stars: | 2023-06-26 | 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 EmailThe world's supply chains are undergoing strategic reglobalization: International Trade CentrePamela Coke-Hamilton of the multilateral agency discusses why she thinks claims of the "death of globalization" are inaccurate and how global supply chains will be reorganized.

Persons: Pamela Coke Organizations: International Trade, Hamilton

☆ Environmental activists protest at Dutch Tata Steel plant
▼ + stars: | 2023-06-24 | by ( ) www.reuters.com time to read: +1 min

[1/5] Protesters and environmental activists with a banner reading "STOP THE POLLUTION" take part in a protest 'People vs Polluters' led by Greenpeace Netherlands against Tata Steel, in Ijmuiden, Netherlands June 24, 2023. Tengbeh Kamara/Greenpeace/Handout via REUTERSAMSTERDAM, June 24 (Reuters) - Hundreds of environmental activists wearing red jumpsuits marched with flags and banners on Saturday into the grounds of Tata Steel's plant in the Dutch city of Ijmuiden to protest over air and soil pollution in the surrounding area. Led by Greenpeace, the activists were joined by local residents who say the Indian company's facility in the coastal city is responsible for high levels of heavy metals in nearby soils. One group of protesters used boats to hang a banner reading "Tata Steel, You Sicken Us" at the port where the facility receives coal and iron ore. The facility is under scrutiny by environmental agencies and prosecutors are investigating alleged intentional pollution of nearby groundwater, which Tata denies.

Persons: Polluters, Tengbeh Kamara, Tata, Toby Sterling, Helen Popper Our Organizations: Greenpeace Netherlands, Tata Steel, Greenpeace, Handout, REUTERS, Tata, Thomson Locations: Ijmuiden, Netherlands, REUTERS AMSTERDAM, Dutch

☆ Moroccan trance collective kick off music at Glastonbury
▼ + stars: | 2023-06-23 | by ( Sachin Ravikumar | Thomson Reuters | Sachin Ravikumar Is A Correspondent For Reuters In London Covering General News Across The Uk. Over Nine Years At Reuters | ) www.reuters.com time to read: +2 min

[1/3] The Master Musicians of Joujouka perform at the Glastonbury Festival site in Somerset, Britain, June 23, 2023. REUTERS/Jason CairnduffGLASTONBURY, England, June 23 (Reuters) - Glastonbury Festival's main Pyramid Stage opened on Friday to the sounds of The Master Musicians of Joujouka, a trance music collective from Morocco, as tens of thousands of fans kicked off three days of music and merrymaking under a blazing English sun. Fellow headliners Arctic Monkeys' Friday evening performance will go ahead, organisers confirmed, following doubts after frontman Alex Turner contracted laryngitis. They're on," organiser Emily Eavis, whose father Michael started Glastonbury Festival on his farm 53 years ago, told BBC Radio. Asked about the opening performance from the Moroccan collective, she replied with a chuckle: "It was different.

Persons: Joujouka, Jason Cairnduff GLASTONBURY, Elton John, Alex Turner, laryngitis, Emily Eavis, Michael, Brian Jones, Leslie Mills, Coke, Sachin Ravikumar, William James Our Organizations: REUTERS, Joujouka, Glastonbury Festival, BBC Radio, Glastonbury, Fighters, Thomson Locations: Glastonbury, Somerset, Britain, England, Morocco, British, Moroccan

☆ A 'truly diversified' portfolio should include bitcoin and ether, Ric Edelman says
▼ + stars: | 2023-06-20 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Investors and advisors can't ignore crypto anymore, according to Ric Edelman, founder of Edelman Financial Engines. "It's the first new invention of an asset class in 170 years — the last new asset class was the discovery of oil in the 1850s," he told CNBC Pro at the Digital Assets Council of Financial Professionals' Vision conference in Austin, Texas. "We need to recognize that in order to have a truly diversified portfolio, we need to have exposure to every asset class," he added. "That means advisors need to rethink their notion of portfolio diversification and acknowledge that crypto — like it or not, understand it or not — belongs in a diversified portfolio on a long-term basis." Edelman said to stick to bitcoin and ether — "the Pepsi and Coke of crypto for most folks" — and that you "don't need a lot of it," recommending a low, single-digit allocation as a percentage of a portfolio.

Persons: Ric Edelman, Edelman, DACFP Organizations: Edelman, CNBC Pro, Digital Assets, Financial Professionals, Pepsi, Coke Locations: Austin , Texas

☆ French Montana shares the spotlight with his mother in revealing new documentary
▼ + stars: | 2023-06-15 | by ( Samantha Bresnahan | ) edition.cnn.com time to read: +7 min

It’s about faith and family – a love story between a mother named Khadija and a son born as Karim, now known worldwide as French. “It’s based on letting people know you’re going to lose more than you’re going to win. In the new documentary "For Khadija," French Montana opens up about the sacrifices his mother, pictured here, made on behalf of her sons. Khadija kisses her son French Montana on the forehead, in an image from "For Khadija." For more, watch African Voices Changemakers on CNN International in July to see the full feature with French Montana.

Persons: Khadija, Karim, Mandon Lovette, Sean “ Diddy ” Combs, Drake, Robert De Niro, “, ”, CNN’s Larry Madowo, “ It’s, You’re, Jobs, French’s, Bryant Robinson, that’s, ” Khadija, French Montana, Max B, Swae Lee, ‘, ’, Sean, Diddy, Combs, Matt Winkelmeyer, French, Morocco that’s, Adam Levine, Africa …, …, That’s, ” CNN’s Earl Nurse Organizations: CNN, Tribeca, Bad Boy Records, Maybach Music, CNN International Locations: Montana, New York City, Morocco, America, New York’s South Bronx, Los Angeles, French, New York, Africa, Uganda, French Montana, Las Vegas, Kampala, Nigeria, Moroccan

☆ The most effective and cheap ways to cool your body during a heat wave, according to scientists
▼ + stars: | 2023-06-14 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +6 min

Insider asked two scientists for simple, effective, and cheap ways to cool down. Put your hands or feet in cold waterIn extreme heat, the body opens up the blood vessels that are close to the skin. Blood carries heat from inside the body to the surface, where it can benefit from the cooling effect of sweat evaporating. Use an electric fan, but be careful in very hot weatherA fan helps cool you down by helping sweat evaporate faster. In dry heat, sweat is already evaporating at maximum efficiency.

Persons: George Havenith, Serge Haouzi, Owen Jeffries, Jeffries, Havenith, Coke, Ricardo Rubio, you've Organizations: Service, Oceanic, Atmospheric Administration, Environmental, Loughborough University, Getty, Newcastle University, World Health Organization, China News Service, Europa Press Locations: Pacific, Asia, Nice, France, Xinhua, Chongqing, China, Madrid, Spain

☆ I got tired of big cruise ships so splashed out on a small, 140-passenger cruise. Here's why it was worth the money.
▼ + stars: | 2023-06-13 | by ( Rebecca Deurlein | ) www.businessinsider.com time to read: +6 min

I was happy to avoid the massive cruise ships carrying thousands of passengers disembarking at the same time and being frog-marched to the same attractions. The entertainment on board is very pared back and simpleYou won't get Broadway-style entertainment on a small ship. I was tired of cruise food, but the gourmet small-ship options changed my mindThe food on board was a close-second favorite. It's worth the price if you can entertain yourselfMy takeaway is, if you don't need 100 activities on board, small-ship cruising is for you. Small ships don't entertain you all day long — you find and make your entertainment.

Persons: Rebecca Deurlein, Deurlein, Caroline, I'd, Calvin Dsouza, James Beard, Mount Otemanu Organizations: Windstar Cruises Locations: Tahiti, Polynesian, Bora, Bora Bora

☆ Meet Waltine Nauta, Trump's 'Diet Coke valet' who's now his co-defendant on federal charges
▼ + stars: | 2023-06-09 | by ( Kelly Mclaughlin | ) www.businessinsider.com time to read: +3 min

One of Trump's aides has been named as a co-defendant in Trump's recent federal indictment. Waltine Nauta, Trump's body man who brought him Diet Coke, has been charged with six counts. New York Magazine's Intelligencer reported that Nauta was Trump's "Diet Coke valet," the person who brought Trump a soda whenever he needed one in the White House's Oval Office. According to the Washington Post, Nauta would also bring Trump anything else he needed. He worked in the White House mess hall before becoming a valet, The Post reported.

Persons: Waltine, Coke, Trump, —, Donald Trump, Nauta, FBI Trump's, Trump's Organizations: Prosecutors, Service, FBI, Lago, New, New York Magazine's Intelligencer, Trump, Washington Post, Navy, The Post, Post, White, New York Times, Justice Department, Times Locations: White, New York, Guam, Pacific, Bedminster , New Jersey, Lago, Florida, Mar

☆ ‘Dalíland’ Review: Landscape With Vipers
▼ + stars: | 2023-06-08 | by ( Manohla Dargis | ) www.nytimes.com time to read: +2 min

One of the best things about “Dalíland,” Mary Harron’s amused and amusing fictional look at the singular Salvador Dalí, is that it isn’t a cradle-to-grave exhumation. An anodyne pretty boy, James serves as a proxy for the viewer, a wide-eyed tourist in a seductively foreign land. James isn’t all that interesting, either, and there’s too much of him in the movie. This isn’t Briney’s fault; he’s pleasant to look at, and he manages his transition from tourist to accidental Dalí-wood guide well enough. The relationship provides tension and mystery that the well-matched Kingsley and Sukowa complicate with gargoyle masks and shocks of vulnerability.

Persons: “, Mary Harron’s, Salvador Dalí, Dalí’s, James, Christopher Briney, who’s, Ben Kingsley, Barbara Sukowa, Dalí ’, Captain Moore, Rupert Graves, Alice Cooper, Mark McKenna, Amanda Lear, Suki Waterhouse, James isn’t, grubbing, Kingsley Locations: York, Regis, New York

☆ Coca-Cola launches new flavor for gamers
▼ + stars: | 2023-06-07 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +5 min

New York CNN —Coca-Cola is launching a new limited-edition flavor for gamers, a demographic increasingly pursued by mainstream food and beverage brands. For this new flavor, called Coca-Cola Ultimate, the soda maker partnered with Riot Games, which publishes the multi-player online battle arena game League of Legends. Coca-Cola Ultimate bottles. As in most of those cases (Marshmello’s flavor had notes of strawberry and watermelon) Coca-Cola won’t share what Ultimate is actually supposed to taste like. And the relationship between Riot and Coca-Cola is deeper than the limited-edition flavor.

Persons: Coke, Rosalía, “ We’re, Oana Vlad, James Quincey, they’re, ”, Gen, Ava Max, Vlad, Red Bull, Eric Krause Organizations: New, New York CNN, Riot Games, of, League of, Coke, PepsiCo, League of Legends Locations: New York, Dreamworld, Fortnite

☆ Warren Buffett – he invests just like us!
▼ + stars: | 2023-06-07 | by ( Jeffrey Goldfarb | ) www.reuters.com time to read: +7 min

NEW YORK, June 7 (Reuters Breakingviews) - “Do as I say, not as I do” sounds like the kind of pithy thing Warren Buffett might say to his adoring throngs. The conglomerate was an investor for a dozen years, until Buffett got spooked by Freddie Mac’s overly rosy earnings growth projections. The $1.3 billion stake it finished accumulating in 1994 was worth $25 billion last month. A $13 billion stake in IBM (IBM.N) came and went, as did $8 billion of JPMorgan (JPM.N) and almost $3 billion of biopharmaceutical company AbbVie (ABBV.N). Warren Buffett, Berkshire’s chairman and CEO, said that geopolitical tensions contributed to the decision to sell most of the $4.1 billion TSMC stake just a few months after buying it, the Nikkei reported on April 11.

Persons: Warren Buffett, can’t, There’s, Buffett, Freddie Mac, Freddie Mac’s, Coke, Benjamin Moore, TSMC, ”, Wells, ” Buffett, Berkshire Hathaway, John Foley, Sharon Lam Organizations: YORK, Reuters, Berkshire Hathaway, Home Loan Mortgage, U.S ., Berkshire, BNSF, Taiwan Semiconductor Manufacturing, Buffett, ” Morningstar, Treasury, New York Stock Exchange, American Express, IBM, JPMorgan, Activision, Occidental Petroleum, Paramount Global, Oracle, Reuters Graphics Reuters, Nikkei, Thomson Locations: Berkshire, U.S, TSMC . Berkshire, Japan, Taiwan, Omaha, China

☆ Exclusive: Fractal, a New York venture studio, is laying off staff and will stop creating new startups
▼ + stars: | 2023-06-01 | by ( Melia Russell | Stephanie Palazzolo | ) www.businessinsider.com time to read: +8 min

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

☆ These are the top 10 holdings of Berkshire Hathaway's $325 billion stock portfolio
▼ + stars: | 2023-05-18 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

These are the top 10 stocks held in Berkshire Hathaway's $325 billion stock portfolio as of March 31. With various portfolio changes in the first quarter of the year, Berkshire Hathaway's top 10 holdings of US stocks has shifted, though Apple still represents a near 50% of the portfolio. In fact, the top 10 positions in Berkshire Hathaway's portfolio make up a massive 90.2% of its entire portfolio. These are the top 10 stocks held in Berkshire Hathaway's $325 billion US stock portfolio as of March 31. American ExpressCredit cards fill a display at American Express headquarters John Moore/Getty ImagesTicker: AXPPosition: $25.0 billionPercent of portfolio: 7.7%2.

☆ High-stakes game of keeping secrets on Wall Street
▼ + stars: | 2023-05-18 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

Citadel Securities' trading strategies? Look no further than a recently filed lawsuit by Citadel Securities against two former employees, per Bloomberg. The suit, which you can read here, alleges the former employees were building a competing high-frequency trading firm while still employed and used trade secrets gained while at Citadel Securities. Portofino told Bloomberg that the Citadel Securities lawsuit was "corporate bullying" and that it would defend itself. On the one hand, trading firms invest a lot of money — check out some salary ranges here — in developing these strategies.

[1/3] Packaged food for sale is seen on shelves at a Dollar Tree in Islandia, New York, U.S., May 12, 2023. Razor manufacturer Edgewell Personal Care Co (EPC.N) and Kraft Heinz Co (KHC.O) have overhauled or built new teams dedicated to working with the biggest U.S. dollar stores like Dollar Tree Inc (DLTR.O) and Dollar General Corp (DG.N) in the last year. Makers of food and household staples are pushing deeper into dollar stores because the low-cost retailers are opening thousands of locations each year. Griffin added that dollar stores are also introducing more "premium" private label brands, like Dollar General's Nature's Menu for pets. Kraft-Heinz also created a new team of five people late last year to identify and develop products for dollar stores, a spokesman said.

☆ These European companies cut jobs this year
▼ + stars: | 2023-05-16 | by ( ) www.reuters.com time to read: +4 min

TECH* ERICSSON (ERICb.ST): the telecom equipment maker will lay off 8,500 employees globally as part of its plan to cut costs, a memo seen by Reuters said. * NOKIA (NOKIA.HE): the Finnish telecom equipment maker said on May 3 it plans to cut up to 208 jobs in Finland. * PHILIPS (PHG.AS): the Dutch medical equipment maker on Jan. 30 said it would cut 6,000 jobs to counter falling sales and after a massive recall of its respiratory machines. * SAP (SAPG.DE): the German software company said on Jan. 26 it planned to shed 3,000 jobs, 2.5% of its global workforce, to cut costs and focus on its cloud business. * EVONIK (EVKn.DE): the German specialty chemicals producer said on April 3 it would cut 200 jobs as part of restructuring of its pet food unit.

☆ Prebiotic soda Olipop approaches $200 million in annual sales — and CEO says Coca-Cola and PepsiCo have already come knocking
▼ + stars: | 2023-04-29 | by ( Amelia Lucas | ) www.cnbc.com time to read: +5 min

Prebiotic soda maker Olipop is set to cross $200 million in annual sales this year, just five years after it arrived on grocery store shelves. Olipop had raised $55.4 million as of Jan. 2, at a reported valuation of $199.8 million, according to Pitchbook data. Consumers are also increasingly interested in "gut health," one of the latest wellness trends. Both Olipop and Poppi have leaned into influencer marketing on TikTok, where gut health became a trending topic last year. But Olipop's Goodwin is confident that consumers are willing to pay more for the drinks he formulates.

☆ Warren Buffett eats McDonald's for breakfast, drinks 5 Cokes a day, and devours cookies and ice cream. Here are the investor's 11 best quotes about his iconic diet.
▼ + stars: | 2023-04-29 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

The famed investor and Berkshire Hathaway CEO counts burgers, hot dogs, and ice cream among his favorite foods. He munches on McDonald's for breakfast, guzzles five cans of Coke every day, and demolishes cookies and chocolates. If a three-year-old doesn't eat it, I don't eat it." If I'd been eating broccoli and Brussels sprouts all my life, I don't think I'd live as long. "I don't eat any Chinese food.

☆ A 'Diet Coke break' is the latest example of Gen Zs and Millennials insisting on work-life balance
▼ + stars: | 2023-04-28 | by ( Grace Mayer | ) www.businessinsider.com time to read: +5 min

The idea of "sharing a Coke," or taking a Diet Coke break, is also prominent in the soda brand's advertising history. Seninger says she's always been a "Diet Coke break girl" — even before she started posting about it on TikTok last year. A Diet Coke break helps me to romanticize that part of my day and take a break," Seninger said. In another TikTok, a creator captioned her Diet Coke break video: "Studies show Diet Coke breaks significantly improve one's mental health." In the past, he's said he drinks a minimum of five cans of Diet Coke or Cherry Coke a day.

Cloetta AB, (CLOEb.ST) a Swedish confectioner which makes Lakerol lozenges that use gum arabic, has "ample" stock of the ingredient, a spokesperson said in an email. Global production of gum arabic is about 120,000 tonnes a year, worth $1.1 billion, according to estimates cited by Kerry Group. "Both buyers and sellers are clueless on when things will normalise.”Alwaleed Ali, who owns AGP Innovations Co Ltd, a gum arabic exporting business, said his customers are looking for alternative countries to source gum arabic. It accounts for the livelihoods of thousands of people and the more expensive variety can cost about $3,000 a tonne, according to Gum Sudan. There is a poorer quality, cheaper gum from outside of Sudan, but the preferred ingredient is only found in acacia trees in Sudan, South Sudan and Chad, Alnoor said.

☆ Coca-Cola earnings beat estimates, fueled by price hikes and higher demand
▼ + stars: | 2023-04-24 | by ( Amelia Lucas | ) www.cnbc.com time to read: +1 min

Coca-Cola on Monday reported quarterly earnings and revenue that topped analysts' expectations, fueled by price hikes and higher demand for its drinks. Shares of the company rose 1% in premarket trading. Excluding items, the beverage giant earned 68 cents per share. Organic revenue, which strips out the impact of acquisitions and divestitures, climbed 12% in the quarter. It is projecting comparable revenue growth of 3% to 5% and comparable earnings per share growth of 4% to 5% for 2023.

☆ Opinion | Is There Still Free Will in Addiction?
▼ + stars: | 2023-04-24 | by ( Maia Szalavitz | ) www.nytimes.com time to read: +1 min

When I was arrested and charged with possession with intent to sell cocaine in 1986, I was addicted to both coke and heroin. I knew that doing this further jeopardized my life prospects and my relationships with everyone I cared about. Was my brain hijacked by drugs — or was I willfully choosing to risk it all for a few hours of selfish pleasure? What makes people continue taking drugs like street fentanyl, which put them at daily risk of death? These questions are at the heart of drug policy and the way we view and treat addiction.

☆ Inside the Wild World of Celebrity Keynote Speakers: Drugs, Alcohol
▼ + stars: | 2023-04-23 | by ( David Kushner | ) www.businessinsider.com time to read: +31 min

"I never saw myself as a speaker, let alone a motivational speaker," Leonard tells me while his assistant irons his jeans. 'When I ramble," Hunter told me, "hit me in the leg!" Every plane had been grounded, including the one stuck on the tarmac with an increasingly inebriated Hunter Thompson trapped inside. But by far the most all-consuming task was booking gigs for Hunter Thompson. Just before a debate with G. Gordon Liddy at Brown University, Hunter demanded that Betsy Berg, whom I now worked alongside at GTN, score him some crystal meth.

☆ How PepsiCo is trying to get Doritos and Cheetos bags into compost bins
▼ + stars: | 2023-04-19 | by ( Ian Thomas | ) www.cnbc.com time to read: +4 min

But more chip bags and snack containers being sold also means more waste from plastic and other packaging materials, something PepsiCo is aiming to take on. "Two years ago, if you think about our multipack packages, there was one plastic [packaging] outside, and each multipack serving," he said. McDonald's recently agreed under pressure from activist shareholders to produce a report on reusable packaging in exchange for having a shareholder vote on the issue rescinded. As far back as 2019, both Coke and Pepsi had already cut ties with a plastics industry association, and issued previous goals related to recyclable, compostable and reusable packaging. Taking what it learned from creating the Off The Eaten Path's packaging, Frito-Lay has introduced other packaging made from 85% renewable plant materials that produce roughly 60% lower greenhouse gas emissions than traditional snack bags.

☆ Analysis: Twitter's advertising business seen facing slow recovery
▼ + stars: | 2023-04-13 | by ( Sheila Dang | ) www.reuters.com time to read: +5 min

Musk, who also runs electric carmaker Tesla Inc (TSLA.O), earlier this week told the BBC that most of Twitter's advertisers are returning to the platform and the business was "roughly breaking even." Research firm Insider Intelligence this week slashed its forecast for Twitter's global ad revenue this year by 37% to $2.98 billion. That would represent a 28% decline from Twitter's 2022 ad revenue of $4.14 billion. 33 among Twitter's top advertisers before Musk's acquisition, according to Sensor Tower. Twitter's ad business is "eroding" and its subscription product Twitter Blue is seeing only moderate success, Similarweb said in a blog post.

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