Sunday, December 5, 2021

BIG Wrap

Scotch drinkers toast suspension of tariffs

Those who imbibe British single malt whiskies and cheese will be delighted to know that the U.S. has suspended duties on those and other products as the two countries try to resolve a trade dispute. The conflict originated with aircraft manufacturing tariffs imposed by the U.S. on the European Union prior to the U.K.'s departure from the EU. In a BBC report, the head of the Scotch Whisky Association called the suspension of tariffs...

Sands deserts Vegas holdings, plans on dune more business in Asia

Las Vegas Sands Corp. is synonymous with the desert casino city, but that relationship is ending as the company has sold off its Las Vegas holdings, the Venetian and the Sands Expo and Convention Center. Apollo Global Management and Vici Properties have tossed in enough chips ($6.25 billion) to make the purchase. Sheldon Adelson, who died in January, opened the Venetian in 1999. The Venetian helped Las Vegas Sands become the world's biggest casino company....

Changes in store for post-pandemic office

Assigned desks and permanent walls could be a thing of the past once employees are back at the office. In order to accommodate social distancing, some workplace designers are planning for workstations to be used on a rotating basis, monitored by sensors to detect occupancy. Other designers are offering moveable walls for individual offices. As Forbes writer Kristin Stoller explains, many of the potential changes are in response to the psychology of workers affected...

One small step for 8 men and women, one giant leap (financially) for kind man

Starship at the SpaceX facility in Boca Chica, Texas Courtesy SpaceX   Aspiring astronauts, space experience not necessary, are being invited by Yusaku Maezawa, founder of Japanese online fashion company Zozotown, to apply for one of eight seats on the first civilian lunar flight – on his dime. The journey, named dearMoon and planned for 2023 on SpaceX's Starship rocket, may go farther than the Apollo missions. According to CNBC, to qualify, prospective passengers must be able to advance whatever...

Oh, the places you can no longer go

One of the most popular children’s books on library shelves “And to Think That I Saw It on Mulberry Street” and five other books authored by Dr. Seuss (Theodor Seuss Geisel) will no longer be published. Dr. Seuss Enterprises L.P. (DSE), which handles the iconic author's publishing and business affairs, made the announcement stating the books contain racist and insensitive imagery. DSE told Associated Press it had made the decision based on input from...

Equipment manufacturers are all in on chip shortage

As semiconductor makers go all out to make up for a supply shortfall, companies that build equipment to produce the chips are cashing in. Equipment manufacturers such as Applied Materials Inc., Brooks Automation Inc., Lam Research Corp., and KLA Corp. have watched their share value spike this year. As BNN Bloomberg reports, that equipment will be needed for planned multibillion-dollar factories.     https://www.bnnbloomberg.ca/chip-machinery-makers-emerge-as-biggest-winners-in-supply-crunch-1.1571007

The art of investing – non-fungible tokens soar in popularity

Artist Beeple's ‘Everydays – The First 5000 Days’ NFT Artwork Courtesy Christie's Auction House   Art, as they say, is in the eye of the beholder. Apparently, that applies to video files. Take, for instance, the 10-second video artwork purchased by a Miami art collector for $67,000 in October 2020. This past week, he cashed in on his investment, selling it for a tidy $6.6 million. The video is considered an NFT or non-fungible token, meaning it...

Taiwan and China fire salvos in pineapple war

Photo Courtesy Reuters   After China announced on Friday the suspension of pineapple imports from Taiwan, Taiwan President Tsai Ing-wen took to Facebook to tell his citizens, "To support the farmers, let’s eat pineapples all together!” According to a Reuters report, China claims that Taiwan's pineapple shipments could result in "harmful creatures" being released, posing a threat to the Chinese agricultural sector.     https://www.reuters.com/article/us-taiwan-china-pineapple/forbidden-fruit-taiwan-urges-people-to-eat-more-pineapples-after-china-ban-idUSKBN2AQ1F0    

European Commission initiates process to use potential digital vaccination certificates

The EC plans to submit what could be controversial legislation to members of the European Union - implementing what it calls "digital green pass".  The EC, which is the executive branch of the EU, says the pass would help Europeans to move safely throughout Europe for work or tourism. The pass would verify whether an individual has been vaccinated for COVID-19 or the status of COVID tests for those individuals.  As Reuters notes, it's...

Walmart reportedly poaching big game from Goldman

Not long after announcing its entry in the fintech sector, Walmart has reportedly hired two of Goldman Sachs' senior executives, Omer Ismail and David Stark, to head its online banking arm. The recruiting coup would be the latest in a series of developments that has the established players worried about corporate behemoths leaning on their huge customer bases to eat into the banking wallet, according to a BNN Bloomberg report.   From <https://www.bnnbloomberg.ca/with-goldman-hires-mcmillon-moves-closer-to-bank-of-walmart-1.1570100>