It's more than doubled since the start of 2019, but this healthcare technologist has huge opportunities in the decades ahead.
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Alibaba Group founder Jack Ma was on the Spanish island of Mallorca where his luxury yacht is anchored, two Spanish newspapers said on Wednesday, on his first trip abroad since he fell out with China's regulators in 2020. The Chinese billionaire has largely been out of public view since he publicly criticised China's regulatory system in a speech last year. The Diario de Mallorca newspaper said Ma was seen on Tuesday in the port of Andratx buying home decor at a local store.
- Washington Examiner
An ongoing push to ban natural gas appliances in California cites a university and environmental group report that used misleading science to help their argument, according to an industry report.
In a grassy plain in South Africa, once the world's largest gold producer, prospectors have stumbled upon a new treasure: helium.
Southern California's Los Angeles and Long Beach ports handle the most ocean cargo of any ports in the United States, but are some of the least efficient in the world, according to a ranking by the World Bank and IHS Markit. In a review of 351 container ports around the globe, Los Angeles was ranked 328, behind Tanzania's Dar es Salaam and Alaska's Dutch Harbor. The adjacent port of Long Beach came in even lower, at 333, behind Turkey's Nemrut Bay and Kenya's Mombasa, the groups said in their inaugural Container Port Performance Index published in May.
The U.S. Postal Service on Thursday restricted the mailing of electronic nicotine delivery systems (ENDS), or e-cigarettes to consumers. The USPS's ban included products containing THC and hemp/CBD products in electronic delivery systems. Adults can make non-commercial shipments, but are limited to 10 shipments in a 30-day period. Hemp and CBD products that are not in the form of electronic delivery systems - such as vape pens - may be mailed if they contain less than 0.3% of THC. The rules were
- Business Insider
In a small California town, gas prices hit $7.59 per gallon this week - more than double the national average, which is at a 7-year high.
LONDON (Reuters) -Britain's energy market faces an absolute massacre that could force at least 20 suppliers into bankruptcy in the next month alone unless the government reviews the energy price cap, Scottish Power Chief Executive Keith Anderson said on Thursday. Natural gas prices have spiked this year as economies reopened from COVID-19 lockdowns and high demand for liquefied natural gas in Asia pushed down supplies to Europe, sending shockwaves through industries reliant on power. Around 13 British suppliers have collapsed in recent months, forcing more than 2 million customers so far to switch providers.
Private jet demand has boomed during the pandemic as the wealthy took control of their travel, yet the flight to luxury could have limited runway as some buyers spend beyond their means and the sector presents a prime target for climate critics. General Dynamics Corp's Gulfstream Aerospace, Bombardier, Textron and Dassault Aviation are leaders by value of deliveries, which supplier Honeywell values at $238 billion over the next decade. "I'm hearing from people every day who are interested in getting into private aircraft," said Stephen Hofer, president of Aerlex Law Group, which does aircraft transactions.
- American City Business Journals
Global demand for lithium has soared as a main ingredient in batteries that power everything from smart phone to electric vehicles.
Activist investor Engine No. 1 in May shocked the oil-and-gas industry when three of its four nominees were elected to the board by Exxon shareholders, who were frustrated by weak returns and the company's flagging attention to climate concerns. The board members expressed concerns about some projects, including a $30 billion liquefied natural gas development in Mozambique and another multibillion-dollar gas project in Vietnam, the WSJ report said, citing people familiar with the matter. Exxon did not immediately respond to a Reuters request for comment.
The rising On-Balance-Volume (OBV) line is a good sign that buyers are aggressive now and the Moving Average Convergence Divergence (MACD) oscillator is bullish. The weekly OBV line is pointed up and near a new high while the MACD oscillator just crossed to a fresh buy signal. In this daily Point and Figure chart of SLB, below, we can see a $50 price target.
- The Telegraph
Amazon and Coca-Cola have resorted to using ships designed to carry timber or steel pipes to cope with a shortage of container shipping capacity during the worldwide supply chain crisis.
Japan's Nippon Steel Corp is suing customer Toyota Motor Corp to stop it manufacturing and selling vehicles that contain specialised steel made by rival supplier Baoshan Iron & Steel Co Ltd (Baosteel) of China, which it is also suing. It highlights the high stakes for materials producers as technology transforms the auto industry and comes as Japan is increasingly concerned about safeguarding supply chains and intellectual property. Nippon Steel is suing Toyota and Baosteel in a Tokyo court for patent infringement, seeking 20 billion yen ($176 million) in damages from each.
After deregulating coal-fired electricity prices, China’s state planner intends to intervene directly on coal prices.
(Bloomberg) -- China’s ban on Australian coal imports has proved a boon for Sydney-listed Coronado Global Resources Inc., one of the world’s top producers of the metallurgical variety that’s key to steelmaking.Most Read from BloombergGoogle’s Biggest Moonshot Is Its Search for a Carbon-Free FutureA $30 Billion Fortune Is Hiding in China’s Silicon ValleyBeef Industry Tries to Erase Its Emissions With Fuzzy Methane MathGoogle’s CEO: ‘We’re Losing Time’ in the Climate FightHate-Speech Case Forces J
Russian actions concerning gas supply have made advocates of the European Union's plan to tackle climate change look "ridiculous", the leader of Poland's ruling party said in an interview published on Wednesday. Poland has called for the bloc to cancel or delay parts of its "Fit for 55" plan to tackle climate change ahead of a summit at which EU leaders will wrangle over their response to surging gas and electricity prices. "After the Russian action concerning gas, the creators and advocates of this 'Fit for 55' have, to put it delicately, made themselves look ridiculous," Jaroslaw Kaczynski told Gazeta Polska weekly.
With people taking to the roads again and air travel picking up as international borders reopen, Kinder Morgan reported a jump of 9% in gasoline volumes and a 56% surge in jet fuel volumes. The company also posted a 3% rise in gas pipeline volumes as a scramble to fill gas inventories before the winter heating season in Europe and Asia steadily boosted exports of liquefied natural gas from the United States. The Delta variant of COVID-19 had hit refined products volumes during the period, but the company expects the impact to ease in the fourth quarter.
Manufacturers are rushing to replenish chip stocks depleted during coronavirus pandemic factory curbs - not least automakers who earlier cancelled orders expecting poor demand. At factories in Malaysia, operators like chip packaging firm Unisem say that drive is leading buyers that sell chips on to auto and electronics manufacturers to become willing to sign up for big price hikes, some even asking for as many assembled chips as plants can produce - whatever the cost. But Malaysia's chip assembly industry, accounting for more than a tenth of a global trade worth over $20 billion, warns that shortages - exacerbated by years of under-investment in basic chip production, while high-end semiconductors were favoured - will last at least two years.
Government plans to extract coal, oil and gas are incompatible with safe temperatures, says the UN.
- Motley Fool
Oil stocks have stunned the markets this year, surging alongside oil prices. No one predicted oil prices to rebound as dramatically the way they cratered last year: The West Texas intermediate (WTI) crude price, for example, is hovering over $83 per barrel right now after going negative in April 2020. Despite surging oil prices, the largest oil producers have still capped production and capital spending and are using all the cash instead to repay debt, repurchase shares, and pay big dividends to shareholders.