Aluminum Wraps Take Center Stage as Wildfire Structure Protection

The photo made a splash on social media: General Sherman, the majestic 2,000-year-old Californian sequoia tree with a 36-foot circumference, its craggy trunk shining with silvery aluminum foil wrapped all around it to protect from potential wildfires. Like a baked potato in the oven, commenters said.

California-based Firezat, which is currently the only company in the U.S. that sells this…

Read more

Grindr to Cover Gender Affirmation Surgery Costs for Employees

Grindr LLC, the dating app that specializes in connections for the LGBTQ+ community, is rolling out new benefits to support employees seeking gender affirmation surgery, joining other companies that are endeavoring to help employees receive care that is sometimes difficult to access.

Under the new benefits, which have been in the works for about nine months and became available to employe…

Read more

China’s Property Crisis Threatens Its Steel Industry

China’s steel industry is entering a precarious new era as a worsening property crisis imperils demand and Beijing’s construction-led growth model looks increasingly untenable.

Almost a third of China’s steel mills could go into bankruptcy in a squeeze that’s likely to last five years, Li Ganpo, founder and chairman of Hebei Jingye Steel Group, warned at a private …

Read more

Apple Fined Nearly $2 Billion by European Union

LONDON — The European Union leveled its first antitrust penalty against Apple on Tuesday, fining the U.S. tech giant nearly $2 billion for breaking the bloc’s competition laws by unfairly favoring its own music streaming service over rivals.

Apple banned app developers from “fully informing iOS users about alternative and cheaper music subscription services outside of the app,” said the…

Read more

Barclays CEO Jes Staley Steps Down

Barclays Plc Chief Executive Officer Jes Staley is stepping down amid a U.K. regulatory probe into how he characterized his ties to the financier and sex offender Jeffrey Epstein.

Staley, 64, is leaving Monday, according to a statement. C.S. Venkatakrishnan, who was promoted last year to run the Barclays markets division and was previously chief risk officer, will replace him as CEO.


Read more

E.U. Aims to Finalize $9.5B Ukraine Loan Package This Week

The European Union is expected to finalize the details of a 9 billion euro ($9.5 billion) financial package for Ukraine in the coming days to bolster the war-torn nation.

The new macro-financial assistance program for Kyiv would consist of 25-year loans, with a 10-year grace period to reimburse the principal, three E.U. officials said, who added that interest payments would be covered by …

Read more

‘YOLO Mentality’ Has Ignited a Tattoo Boom

“The pandemic has had a great deal of impact on everybody. It’s made a lot of people try not to take life so seriously—so they’ve decided to do something impulsively that they maybe wouldn’t even have thought about doing before.”

'YOLO Mentali…</p> <span class=Read more

Surge in Shipping Costs Globally Could Cause Price Hikes From Coffee to Toys

(Bloomberg) — The skyrocketing price of shipping goods across the globe may hit your pocketbook sooner than you think — from that cup of coffee you get each morning to the toys you were thinking of buying your kids.

Transporting a 40-foot steel container of cargo by sea from Shanghai to Rotterdam now costs a record $10,522, a whopping 547% higher than the seasonal average over…

Read more