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July 23, 2021

INDUSTRY

Georgia film industry saw record production spend during coronavirus pandemic

CNBC
CNBC – For more and to sign up click here Tom Hiddleston stars as Loki in the Disney+ series “Loki.” Disney Pent-up demand for filming locations during the coronavirus pandemic and costly safety protocols led to a blockbuster year for the Georgia film and television industry. The Georgia Department of......

Europe’s travel industry is on a knife edge as Covid surges, again

CNBC
CNBC – For more and to sign up click here Workers carry a scaffolding on “Paradise” beach in the Greek Cycladic island of Mykonos in 2020. The island is traditionally crowded with wealthy foreigners but turned into a ghost island last year. ARIS MESSINIS | AFP | Getty Images During......

Jeff Bezos believes humans can move the polluting industry off of earth and into space

CBS News
CBS News – For more and to sign up click here Jeff Bezos believes humans can move the polluting industry off of earth and into space – CBS News Watch CBSN Live “CBS This Morning” co-host Gayle King sits down with Jeff Bezos and his brother Mark shortly after successfully......

Wheels Up CEO looks to transform private jet industry as company goes public via SPAC

CNBC
CNBC – For more and to sign up click here Private jet company Wheels Up made its market debut Wednesday after completing its SPAC merger, and the company’s CEO is looking to take the business to new heights with technology.  Company shares closed at $11.55 on Wednesday, rising 16.31% on......

Winning by losing: Bookmakers’ marketing tactic divides betting industry

ESPN
In gambling parlance, it was a bad beat. Jon Rahm, leading the Memorial Tournament by six shots after the third round, was forced to withdraw after testing positive for COVID-19. He was the betting favorite, paying 12-1, and would’ve been an odds-on favorite entering the final round. As the news......

Shipping industry seeks to combat dark oil transfers at sea

Reuters
An oil tanker is seen in the sea east of Caracas in this 2003 file photo. REUTERS/Jorge Silva//File Photo Rise in volume of oil transfers by countries hit by sanctions Top oil shipping companies concerned over fake documentation LONDON/MEXICO CITY, July 13 (Reuters) – Top oil shipping companies say they......

Crypto billionaire says regulatory scrutiny may be ‘a good thing for the industry’

CNBC
CNBC – For more and to sign up click here The recent regulatory scrutiny on cryptocurrency is “very healthy” for the sector, crypto billionaire Wu Jihan told CNBC on Tuesday. “I think that such kind of crackdown may be a good thing for the industry in long term,” Wu said......

Couples are ready to ‘go all out’ as wedding industry sees surge in business, says The Knot CEO

CNBC
CNBC – For more and to sign up click here Weddings, including those with larger budgets, are on the comeback after the pandemic forced widespread nuptial delays, Timothy Chi, CEO of wedding-planning website company The Knot Worldwide, told CNBC on Friday. “In the U.S., there’s about 2 million weddings that......

Chevy Bolt EV belonging to Vermont lawmaker who has backed industry catches fire

CNBC
CNBC – For more and to sign up click here The Vermont State Police released this photo of the 2019 Chevrolet Bolt EV that caught fire on July 1, 2021 in the driveway of state Rep. Timothy Briglin, a Democrat. Vermont State Police A Chevrolet electric vehicle owned by a......

French champagne industry group fumes over new Russian law

Reuters
PARIS/MOSCOW, July 5 (Reuters) – France’s champagne industry group on Monday blasted a new Russian law that forces foreign producers to add a “sparkling wine” reference to their bottles of champagne, and called for the halting of exports of the bubbly drink to Russia. The law, signed by Russian President......

GM shakes up lithium industry with California geothermal project

Reuters
The General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. REUTERS/Rebecca Cook/File Photo July 2 (Reuters) – General Motors Co (GM.N) is investing in a U.S. lithium project that could become the country’s largest by 2024, making the automaker one of the first to develop its own source of......

Climate scientists take swipe at Exxon Mobil, industry in leaked report

Politico
Politico.com – For more and to sign up click here The draft IPCC report blamed think tanks, foundations, trade associations and other third-party groups that represent fossil fuel companies for promoting “contrarian” science that misleads the public and disrupts efforts to implement climate policies needed to address the rising threats,......

U.S. Farm Belt lawmakers introduce bills to boost biofuel industry

Reuters
An ethanol plant with its giant corn silos next to a cornfield in Windsor, Colorado July 7, 2006./File Photo June 30 (Reuters) – A bipartisan group of U.S. Farm Belt lawmakers will introduce a trio of bills on Tuesday aimed at boosting public investment in biofuels as the industry tries......

Two and twenty is long dead. Hedge fund fees fall further below onetime industry standard

CNBC
CNBC – For more and to sign up click here Justin Chin | Bloomberg | Getty Images (Click here to subscribe to the new Delivering Alpha newsletter.) A previously unknown hedge fund known as White Square gripped the headlines last week after the Financial Times reported it to be the......

BuzzFeed becomes digital media test case as industry waits to find out investor interest

CNBC
CNBC – For more and to sign up click here Jonah Peretti, founder and CEO of Buzzfeed; co-founder of the Huffington Post Courtsy of Ebru Yildiz/NPR For more than a decade, BuzzFeed has competed against other digital media companies for consumer attention. Now, the rest of the industry is praying......

Asian banks’ trials with ‘tokenised securities’ stuck in silos – industry body

Reuters
Representation of the bitcoin virtual currency standing on the PC motherboard is seen in this illustration picture, February 3, 2018. REUTERS/Dado Ruvic/File Photo HONG KONG, June 24 (Reuters) – Asian financial regulators should do more to support large-scale trials of “tokenised securities”, an industry body said on Thursday, since banks......

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