Coffee is a finicky crop — arabica coffee, the most popular variety, in particular. And climate change poses a huge threat to the coffee business and to farmers. “To grow properly, coffee crops require specific temperature, light and humidity levels,” according to the Inter-American Development Bank, a financial institution serving Latin America and the Caribbean….
US policy in the Middle East can no longer be described as an attempt to stop the Israel-Gaza conflict from triggering a bigger regional war. That hope died weeks ago. The critical task now for President Joe Biden — as he mulls retaliation over the deaths of three Americans in an attack by suspected Iranian…
UPS announced Tuesday that it will cut 12,000 jobs as part of a bid to save $1 billion costs. Managers and contractor positions will make up most of the layoffs. The job cuts come as UPS issued a disappointing sales outlook for this year, saying it expects global revenue of between $92 billion to $94.5…
The main pro-union party in Northern Ireland, the Democratic Unionist Party (DUP), said Tuesday it had reached a deal with the UK government that would end its near two-year government boycott and mark a return to power-sharing in the province. Jeffrey Donaldson, leader of the pro-UK DUP, made the announcement at a press conference in…
An ongoing cyberattack against Georgia’s Fulton County, which includes parts of Atlanta, has brought some of the government’s systems to a standstill, halting access to court filings, tax processing and other services. The outage has not been resolved, and it’s unclear when systems would return to normal. The office of the county’s District Attorney Fani…
Swarovski has opened a new flagship store in New York, and its glitzy interiors will have visitors stepping into a world of candy-colored crystal. The new Swarovski on Fifth is a two-floor, 14,400-square-foot retail space that celebrates the luxury brand’s storied history while offering its collections across jewelry, home decor and accessories. It features vibrant…
After close to two years of conflict, the global diamond market is set to feel the full consequences of the war in Ukraine. The European Union earlier this month added the world’s biggest diamond producer, Russia’s Alrosa, to its sanctions list alongside its CEO, Pavel Alekseevich Marinychev. The new year marked the start of an…
Gil Dezer has a commanding view from his four-floor penthouse at the top of his 60-story residential tower in Miami. But the billionaire property developer is not that interested in looking out across the beach towards the Bahamas. He prefers to gaze through his large internal windows at 11 of his favorite cars. “From my…
Business Insider said Thursday that it will cut 8% of its staff, becoming the latest news organization to undergo a round of painful layoffs as news companies struggle to stay afloat amid brutal industry headwinds. In a memo to staff, Barbara Peng, chief executive of Business Insider, said the digital outlet needed to refocus its…
As the world rapidly urbanizes, the amount of building in flood-prone areas is soaring, according to new research, sparking concerns about people’s vulnerability to disasters as the climate crisis escalates. Between 1985 and 2015, the number of settlements – from small villages to mega-cities – with the highest flood hazard exposure increased by 122%, according…