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More than $30 billion worth of cargo has been diverted from the Red Sea. of threat of attack Since the Israeli-Hamas war began in October, attacks by the Houthi rebels have intensified, forcing ships to bypass the Suez Canal and the Red Sea to reach various parts of Africa.
Toshiba will be delisted from the Tokyo Exchange today for the first time in 74 years. 10 years scandal and turmoil The conglomerate ended with one of Japan’s biggest brands being taken private.
Iceland’s capital is under a pollution alert after a volcano began erupting on Monday. Country I’m on guard Seismic activity has increased in the area around Reykjavík, and explosions have been occurring for several weeks.
Abu Dhabi investors bet $2.2 billion on Nio’s comeback. Chinese electric car company It lags behind U.S. rival Tesla. and homegrown challenger BYD.
More than 2,000 miners are on strike in South Africa. They are protesting pay and benefits; I was underground for two days..
The real estate crisis is a bankruptcy warning for U.S. regional banks.
It’s no secret that the United States is commercial real estate The industry is on shaky foundations.
The paper said the economic downturn could cause up to 385 U.S. banks to fail, most of them small regional banks. new report By the National Bureau of Economic Research (NBER). That’s because more investors are expected to default on commercial real estate loans, and those defaults could lead to uninsured depositors rushing to banks. silicon valley bank March.
Quartz’s Laura Bratton digs into the details of the report and its implications for banks. Read the full story.
Business changemakers named Quartz’s 2023 Innovators of the Year
Banking powered by AI. Ultra-sensitive satellite. Video therapy to release forgotten memories.
The brains behind these ideas are just a few of the people featured on Quartz’s 2023 Innovators list, all of whom use bold technology and industry-changing ideas to make business better. I’m imagining how to do it. Here are five of their stories about him.Find the remaining 20 here.
🏦 Will Bunq’s Ali Niknam bring AI-powered banking to the US?
🛰️ How ultra-sensitive satellites can fight the climate crisis from space
🧠 How one designer is helping dementia patients unlock forgotten memories
🩺 How this privacy expert keeps women’s most intimate data safe
🚜 Why the future of agriculture is taking lessons from commercial real estate
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🏗️ Why Japan’s Nippon Steel is spending a lot of money to acquire US Steel
🚢 The world’s largest shipping companies are boycotting the Suez Canal
⌚ You only have a few days to buy a luxury Apple Watch
👚 Online luxury retailer Farfetch raises $500 million in last-minute bid to pull out of quagmire
🚘 12 Biggest Failures in the Self-Driving Vehicle Industry in 2023
🤗 Hugface CEO Clément Delang wants AI democracy
amazing discovery
The universe has its first cat video. 15 minute stream Taters chasing lasers Sent to the great beyond.
Ancient bricks from Mesopotamia may help us better understand Earth’s magnetic field. It’s not static, and how interact with objects It also helps you date them.
There is a Christmas tree galaxy cluster. It’s colorful and sparkling, but not shaped like a tree If that’s what you wanted.
TikTok creators are paid more than $11 million in tips per day. This is going too far.
Your next favorite shirt may be harvested from the ocean floor. What is a beautiful resource, albeit a bit slimy, that absorbs carbon much better than its terrestrial counterpart and provides sustainable textiles and an alternative to harmful dyes? Quartz Associate Editor Gabriela Riccardi and Editor-in-Chief Heather Lundy Dive deep into the seaweed in the next episode Quartz Obsession Podcast.
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I hope you have a fulfilling day. Send news, comments, tater streams, and Christmas trees to: talk@qz.com. Today’s Daily Brief is brought to you by Morgan Haefner.