Environment
Hurricane Melissa set to trigger $150 million Jamaica catastrophe bond to help rebuild
Drone view of damage to coastal homes after Hurricane Melissa made landfall, in Alligator Pond, Jamaica, Oct. 29, 2025. Maria Alejandra Cardona | Reuters Hurricane Melissa, the most powerful Atlantic hurricane of the year, made landfall this week as a Category 5 storm in Jamaica. The strength of the storm means it will likely trigger […]
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GM lays off more than 1,700 at sites in Michigan, Ohio, citing EV challenges
The Ultium Cell factory in Warren, Ohio, is shown, July 7, 2023. Gene J. Puskar | AP General Motors laid off roughly 1,700 workers at manufacturing sites in Michigan and Ohio on Wednesday, citing a slowdown in the electric vehicle market. The company confirmed there were around 1,200 layoffs at Detroit’s electric vehicle plant and 550 cuts […]
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Hurricane Melissa churns across Cuba as a Category 3 storm
Satellite view of Hurricane Melissa as seen on Oct. 29th, 2025. Source: NOAA Hurricane Melissa was grinding across Cuba on Wednesday as a Category 3 storm after pummeling Jamaica as one of the strongest Atlantic hurricanes on record, the U.S. National Hurricane Center said. Hundreds of thousands of people in Cuba had been evacuated to […]
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Saudi Arabia poised to become AI data center hub, says Groq CEO
Saudi Arabia is primed to become a hotspot for artificial intelligence infrastructure thanks to its surplus in energy, according to Groq CEO Jonathan Ross. The Middle Eastern country is known for its vast energy resources and that’s leading major technology firms to announce infrastructure deals in the region. It is also part of the kingdom’s […]
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Scott Bessent says he’s ‘felt this pain’ from China because ‘I’m actually a soybean farmer’
Treasury Secretary Scott Bessett said Sunday he, too, has “felt pain” from China refusing to buy U.S.-grown soybeans during a trade conflict with President Donald Trump because “I’m actually a soybean farmer.” Bessent’s comment came during an interview with ABC News’ “This Week,” where he said that trade negotiations with China in the past two […]
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How a cheese ban drove a new wedge between the UK and EU
European consumers are facing higher prices when going to the supermarket. Andia | Universal Images Group | Getty Images Relations between the the U.K. and European Union are arguably at the best they’ve been since the Brexit vote in 2016 but there’s an ongoing cold front between the neighbors over a ban on continental cheese […]
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Rare earths make gains amid battle to beat China’s dominance
Shares of U.S.-listed companies related to the rare earth supply chain climbed on Monday as investors continued to weigh the impact of Chinese export restrictions on domestic producers. Rare earths are minerals that are essential to many aspects of modern life, particularly for the technology sector and the energy transition, as they are used […]
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U.S. regulators toss out rules requiring banks to prepare for climate change
Key Points Regulators are doing away with controversial regulations that required banks to plan for losses in the event of climate-related events, according to an announcement Thursday. Trump administration officials have criticized the Fed for falling prey to mission creep, or exceeding the scope of its mandates for monetary policy and bank supervision. Source
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Ferrari shares plunge 14% after carmaker updates guidance, halves EV sales target
A worker on the production line at the new Ferrari NV E-building factory in Maranello, Italy, on Friday, June 21, 2024. Bloomberg | Bloomberg | Getty Images Shares of Ferrari plunged more than 14% on Thursday after the luxury carmaker updated its full-year and 2030 guidance and scaled back its electrification ambitions. The Maranello, Italy-based […]
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Florida man charged with intentionally setting Pacific Palisades fire in LA
Chimneys stand among the rubble after the passage of the Palisades Fire in Pacific Palisades, California, on Jan. 8, 2025. Agustin Paullier | AFP | Getty Images Federal authorities announced Wednesday that they have arrested and charged a Florida man with maliciously starting the deadly Palisades Fire, one of the most destructive blazes in Los […]
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