Major Oil Deals Can’t Stop The Green Transition

(To get this story in your inbox, subscribe to the TIME CO2 Leadership Report newsletter here.)

There’s a mantra that gets tossed around in North American climate circles: skate to where the puck is going, not where it is today. The phrase, an adaptation of a saying from hockey legend Wayne Gretzky, is meant to suggest the need for forward thinking to grapple with the climate c…

Read more

Germany Warns of Lehman-Like Contagion From Russian Gas Cuts

Germany warned that Russia’s moves to slash Europe’s natural gas supplies risked sparking a collapse in energy markets, drawing a parallel to the role of Lehman Brothers in triggering the financial crisis.

With energy suppliers piling up losses by being forced to cover volumes at high prices, there’s a danger of a spillover effect for local utilities and their customers,…

Read more

Tencent Bounces Back After State Media Soften Tone on Gaming

Chinese media including the Communist Party’s flagship newspaper toned down their criticism of the games industry on Wednesday, helping Tencent Holdings Ltd. and its peers recoup some of their losses from a market rout a day earlier.

Instead of calling video games “spiritual opium,” as a Tuesday article in the Economic Information Daily had, the People’s Daily publ…

Read more

Rite Aid Files For Bankruptcy Amid Opioid-Related Lawsuits

Rite Aid has filed for bankruptcy protection and plans to sell part of its business as it attempts to restructure while dealing with losses and opioid-related lawsuits.

The company said Rite Aid stores will continue to fill prescriptions, and customers will still be able to visit its locations or shop online while it goes through its voluntary Chapter 11 process. But that process also wil…

Read more

Return to the Office- Not in This Housing Market

In May of 2021, Sara Corcoran got a great job as an assistant project manager for a construction company in Dallas, working from home. Because the position was fully remote, she and her husband bought a 3-bedroom mobile home in Wylie, a lake community about 30 miles northeast of Dallas, in November. She loved the affordability of Wylie, where they paid $500 a month, less than half of what they …

Read more

Jack Dorsey Apologizes for Growing Twitter ‘Too Quickly’

Former Twitter Inc. Chief Executive Officer Jack Dorsey said he regrets growing the company too quickly as the social media platform downsizes following its recent sale to Elon Musk.

Musk on Thursday and Friday slashed over half the staff, affecting almost every team at the company. The cuts, expected to involve about 3,700 jobs, have fueled questions about whether Twitter will have the r…

Read more

Hollywood Film Workers Have Voted To Go on Strike

More than 50,000 film and television workers voted to authorize a union strike this weekend, calling attention to exhausting working conditions in Hollywood and setting the stage for a massive potential shutdown of film and TV sets across the country.

The International Alliance of Theatrical Stage Employees (IATSE) represents an array of film professionals, including cinematographers, ca…

Read more

The Inside Story of WhatsApp Content Moderators

When Alex accepted a job interview at Accenture, the global professional services giant that performs content moderation for WhatsApp, one of the first questions the recruiter asked him was whether he was comfortable looking at child sexual abuse, gore, pornography and bestiality.

Alex, who spoke to TIME under a pseudonym because of fear of reprisals for breaking a non-disclosure agreemen…

Read more

Why China’s Latest COVID-19 Lockdowns Could Delay Amazon Orders in the U.S.

Orders placed with global e-commerce platforms like Amazon and Walmart may be delayed by virus lockdowns and restrictions in some of China’s key manufacturing hubs, according to an industry body.

Shenzhen, home to around half of all the online retail exporters in China, was locked down for at least a week on Sunday to try to contain a spreading Covid-19 outbreak. Its 17.5 million re…

Read more

U.S., Taiwan Commence Stalled Trade and Investment Talks

The U.S. and Taiwan agreed to hold regular talks on issues ranging from technology supply chains to meat imports following their first Trade and Investment Framework Agreement meeting in five years.

The two sides will establish working groups to discuss topics including labor rights and intellectual property, the Office of the U.S. Trade Representative said in a statement following Wednes…

Read more