Shippers rerouted vessels as China began its most provocative military drills in decades around Taiwan, creating logistical headaches for global supply chains.
The maneuvers, announced by Beijing in the wake of US House Speaker Nancy Pelosi’s visit to Taiwan, are taking place in six different areas around the island from noon local time Thursday until Sunday. China has advised ships…
Read more
(Miss this week’s Leadership Brief? This interview below was delivered to the inbox of Leadership Brief subscribers on Sunday morning, May 16. To receive weekly emails of conversations with the world’s top CEOs and business decisionmakers, click here.)
The ransomware attack on the owner of America’s largest fuel pipeline on May 7 underscored the vulnerability of…
Read more
Bitcoin mining’s climate impact is comparable to farming cattle or burning gasoline when taken as a proportion of market value, according to researchers at the University of New Mexico in Albuquerque.
Cryptocurrency mining is energy intensive because it requires highly specialized computers—and most of the electricity it consumes is generated by burning planet-warming fossil f…
Read more
It’s September 2023, and markets have become battlefields, as economics and geopolitics become ever more closely intertwined. Many think that we are returning to the Cold War, but we’re not. Back then, the military had the materiel and commanded the view of war. Now, after thirty years of globalization, it’s very often business that commands the resources, fundamentally changing the balance of …
Read more
If 2021 was one of our last, best, chances to save the planet, it was also the year that we bought lots and lots of stuff, cooped up at home and frustrated with the pandemic. That shopping acted counter to the goal of reducing our carbon footprint; consumption drives about 60% of greenhouse gas emissions globally, as the factories that make our stuff and the ships and trucks that bring it to us…
Read more
(To receive weekly emails of conversations with the world’s top CEOs and business decisionmakers, click here.)
Schneider Electric saw $34 billion in revenue last year, but CEO Jean-Pascal Tricoire hasn’t got an office. The 59-year-old Frenchman is so focused on learning directly from customers and colleagues that the idea of tying himself to one room is an…
Read more
Every week, I go onto Walmart’s website and order a bunch of groceries to be delivered to my house and then feel a little bit guilty.
Walmart is a multi-billion dollar …
Read more
Long lines, lost baggage and lengthy delays — common features of air travel these days. Now passengers in some places are being asked to step on the scales before boarding to help airlines calibrate their weight loads.
It’s to do with safety.
Air New Zealand is the latest to ask travelers to be weighed before flying, carrying out a survey in Auckland through June. The ca…
Read more
The U.S. economy ended up in a weird place in 2021. Consumers were eager to spend money, but couldn’t get their purchases because supply chains were haywire. Wages rose as workers resigned. Prices, meanwhile, soared for everything from groceries to gas to rent and vehicles. And the global health crisis that triggered these trends is still in full force.
If you are feeling a bit of …
Read more
Advertisers are fleeing social media platform X over concerns about their ads showing up next to pro-Nazi content and hate speech on the site in general, with billionaire owner Elon Musk inflaming tensions with his own tweets endorsing an antisemitic conspiracy theory.
IBM said this week that it stopped advertising on X after a report said its ads were appearing alongside material praisin…
Read more