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Australian ski resorts suffer warm winter, Europe next

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As winter in Australia saw grassy slopes instead of snowy mountains, it became evident that climate change is already impacting ski resorts globally.

A study, which models the effects of a warming planet on European ski resorts, provides a stark warning about the consequences of climate change.

Europe boasts about half of the world’s ski resorts, all heavily reliant on consistent and predictable snowfall. Published in the journal Nature Climate Change, the research indicates that 53 percent of European ski resorts face a “very high risk” of insufficient snow supply with less than 2 degrees Celsius of global warming above pre-industrial levels.

This risk jumps to a staggering 98 percent with less than 4 degrees Celsius of warming. Current global temperatures are already at 1.2 degrees Celsius above pre-industrial levels.

Very high risk

Dr. Samuel Morin, the lead author from France’s National Centre for Meteorological Research, explained that this “very high risk” assessment is based on the frequency of challenging conditions, such as snow-poor winters, rather than average snow conditions. He likened it to a heatwave, where what matters is the frequency of extreme events.

The decline in snowfall is primarily due to warming temperatures causing precipitation to fall as rain rather than snow. Artificial snowmaking is an option to mitigate this, but it comes at a cost. The study found that artificial snowmaking could reduce the number of resorts at “very high risk” to 27 percent under 2 degrees Celsius of warming and 71 percent under 4 degrees Celsius. However, this approach results in a 20 to 40 percent increase in water demand, which in turn drives up energy consumption and carbon emissions.

The ski industry and governments now face the challenge of adapting to climate change while reducing emissions, as ski tourism contributes to climate change through factors like transportation and housing.

In Australia, the impact of climate change on ski resorts has been evident since the 1950s, leading to a decline in snow depth and duration of the snow season. The number of snowfall days has also decreased, resulting in more unpredictable conditions.

Experts point out that while there will still be good snow days, the changing climate leads to a greater variability between boom years with heavy snowfall and bust years with less snow, making it challenging for ski resorts to predict and manage snow conditions.

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U.S. approves Nvidia H200 chip exports to China amid tensions

U.S. approves Nvidia’s H200 AI chip exports to China, balancing security with tech collaboration amid ongoing tensions.

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U.S. approves Nvidia’s H200 AI chip exports to China, balancing security with tech collaboration amid ongoing tensions.


The U.S. Commerce Department has approved exports of Nvidia’s H200 AI chips to China, signaling a cautious compromise in the ongoing technology standoff between the two countries. This decision reflects efforts to balance national security concerns with continued technological collaboration.

Nvidia shares jumped 2% following the announcement, showing investor optimism about the move. Analysts are closely watching how Chinese firms will respond and whether they will aggressively pursue these high-performance AI chips.

Despite the approval, concerns remain about the potential military applications of AI technology. Officials emphasize that the decision aims to protect U.S. interests while navigating complex international tech dynamics.

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#Nvidia #AIChips #ChinaTech #USChina #TechTensions #Semiconductors #H200 #InvestorNews


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Fed faces challenges ahead of Trump’s nominee as rate decisions loom

Fed faces critical leadership transition as Trump nominates new chair amid economic uncertainty and potential rate cut discussions.

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Fed faces critical leadership transition as Trump nominates new chair amid economic uncertainty and potential rate cut discussions.


The U.S. Federal Reserve is entering a critical period as it prepares for President Donald Trump’s upcoming nominee to lead the central bank. Markets are closely watching how the Fed will navigate this leadership transition amid ongoing economic uncertainty.

The Fed’s two-day meeting could result in a modest quarter-percentage-point rate cut. However, future policy decisions will hinge on key economic projections and inflation trends, leaving analysts debating how much room the central bank really has to maneuver.

Trump is pushing for lower interest rates to boost the housing market before the midterms, but this could complicate the next Fed chair’s path. Data delays from the recent government shutdown may also affect the Fed’s decision-making this week, adding another layer of uncertainty.

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#FederalReserve #InterestRates #TrumpNominee #EconomicPolicy #Inflation #RateCut #HousingMarket #MarketUpdate


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Paramount makes $108B hostile bid for Warner Bros Discovery

Paramount’s $108.4B bid for Warner Bros reshapes media landscape, likely facing antitrust hurdles amid board’s Netflix preference.

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Paramount’s $108.4B bid for Warner Bros reshapes media landscape, likely facing antitrust hurdles amid board’s Netflix preference.


Paramount has launched a staggering $108.4 billion hostile bid to acquire Warner Bros Discovery, shaking up the media landscape. The proposal, supported by Jared Kushner’s investment firm and Middle Eastern funds, offers $18 billion more in cash than Netflix’s recent $72 billion deal for the same assets.

Warner Bros’ board is currently reviewing the Paramount offer but continues to recommend the Netflix deal. Analysts warn that a merger of this scale could face intense antitrust scrutiny, potentially delaying or even blocking the deal.

Paramount argues that its acquisition would boost competition and provide stronger support for the creative community, promising a new chapter in Hollywood consolidation.

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#Paramount #WarnerBros #HostileBid #MediaMerger #Netflix #HollywoodNews #Mergers #EntertainmentNews


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