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November 28, 2021

INDUSTRY

Germany’s ambitious energy plan hinges on speed, industry warns

Reuters
Workers install solar panels on the roof of a kindergarten in the town of Falkensee near Berlin December 10, 2008. REUTERS/Erik Kirschbaum/File Photo Register now for FREE unlimited access to reuters.com Register No time to be wasted on green plans – Siemens Energy CEO Implementation speed key in hitting ambitious......

The worst is over for global supply chains, but shipping association says industry faces lingering issues

CNBC
CNBC – For more and to sign up click here The MSC Regulus container ship, operated by Mediterranean Shipping Co. (MSC), left, the Monte Verde container ship, operated by Hamburg Sud, centre, and the OOCL Germany container ship, operated by Orient Overseas Container Line Ltd., docked at the Port of......

Thanksgiving travel surge to test airlines as industry struggles to recover from labor shortages, pandemic

CNBC
CNBC – For more and to sign up click here Travelers at Los Angeles International Airport LAX are beating the crowds on Thursday, November 18, 2021, as up to 2 million people are expected to pass through Los Angeles International Airport during the two-week Thanksgiving holiday period that begins today,......

Hollywood crew union narrowly ratifies new contract with industry producers

CNBC
CNBC – For more and to sign up click here A driver displays their support for the IATSE union on October 07, 2021 in Los Angeles, California. Mario Tama | Getty Images Members of a union that represents film and television crews have ratified two contracts with Hollywood’s studios that......

Aviation industry is ‘not quite out of the woods,’ but there are signs of recovery, Dubai Airports CEO says

CNBC
CNBC – For more and to sign up click here The air travel industry is “not quite out of the woods” — but the future could be brighter than the last 20 months, says Paul Griffiths, the chief executive of Dubai Airports. “We have room for optimism that the future,......

Iowa trucking association leader: Industry faces challenges and opportunities during the pandemic

USA TODAY – For more and to sign up click here Mary Stroka / The Center Square Truckers are doing their best to react to ongoing supply chain issues, Iowa Motor Truck Association President and CEO Brenda Neville told The Center Square in an emailed statement Thursday. “Every day, every......

Biden Chooses Robert Califf to Lead F.D.A., Despite Drug Industry Ties

New York Times
“The truth of the matter is industry develops drugs — you have to work with industry. The issue is disclosure in publication,” said Ellen V. Sigal, the founder and chairwoman of the nonprofit Friends of Cancer Research, which accepts industry funding. “Rob has done many, many clinical trials with industry,......

Biden pick to oversee banks said finance ‘is a quintessential a**hole industry’

USA TODAY – For more and to sign up click here Zachary Halaschak President Joe Biden’s controversial pick for a top banking regulatory position once said that the sector she has been nominated to oversee is filled with a bunch of “a**holes.” Saule Omarova, who was nominated to be comptroller......

Climate is the ‘biggest single opportunity’ the insurance industry has ever seen, CEO says

CNBC
CNBC – For more and to sign up click here LONDON — Climate is the “ultimate systemic risk” and represents “the biggest single opportunity the insurance industry has ever seen,” according to the CEO of the centuries-old insurance market Lloyd’s. In an interview with CNBC, John Neal, who heads up......

Global finance industry says it has $130 trillion to invest in efforts to tackle climate change.

@BreaknNews
A coalition of the world’s biggest investors, banks and insurers that collectively control $130 trillion in assets said on Wednesday that they were committing to use that capital to hit net zero emissions targets in their investments by 2050, in a push that would make limiting climate change a central......

Labor secretary says most truck drivers are exempt from Covid mandate, handing industry a win

CNBC
CNBC – For more and to sign up click here Trucks move goods on the Massachusetts Turnpike in Grafton, MA. David L. Ryan | Boston Globe | Getty Images Most truckers are not covered by President Joe Biden’s Covid vaccine and testing requirements for private businesses, according to Labor Secretary......

High prices, steady supply chain protect BMW from industry woes

Reuters
Q3 net profit 2.58 bln euros vs forecast 2.38 bln High prices offset rising costs and chip troubles CFO: “We are looking forward” BERLIN, Nov 3 (Reuters) – BMW (BMWG.DE) beat analysts’ forecasts on Wednesday with a 42.4% increase in third quarter net profits to 2.58 billion euros ($2.99 billion)......

The chip industry has a colossal carbon footprint that needs to be tamed

CNBC
CNBC – For more and to sign up click here A man walks past TSMC’s logo at the company’s headquarters in Hsinchu, Taiwan. Sam Yeh | AFP | Getty Images Computer chips may be in short supply, but the semiconductor industry’s carbon emissions are plentiful. The little pieces of silicon......

Australia’s CBA offers crypto trading, breaks ranks with industry

Reuters
Australia’s Commonwealth Bank logo is pictured at a branch in Sydney, August 2, 2014. REUTERS/David Gray/File Photo Plans to offer crypto trading to retail clients Move helps validate crypto industry – supporters CBA breaks ranks with banking industry in Australia Pilot this year, to explore crypto payments SYDNEY, Nov 3......

KEEKS olivia Bras, a disruptive startup, is shaking up the 80 year old foam padded bra industry

@BreaknNews
Since the first padded bra was introduced EIGHTY years ago, awkwardly shaped and bulky foam padded cups have ruled the outer appearance of women’s breasts and there’s not much we have been able to do about it until now! ATLANTA – Nov. 2, 2021 – — There is no part of......

A cryptocurrency inspired by ‘Squid Game’ crashes. The industry has questions.

New York Times
Millions of dollars vanished in a matter of minutes after investors piled into a new cryptocurrency inspired by “Squid Game,” the popular Netflix survival series, only to watch its value plunge to nearly zero in a few short hours. The cryptocurrency, called Squid, began trading early last week at a......

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