Ikea increases efforts to reduce carbon footprint
Furniture-maker Ikea's parent company, Inter Ikea Group, has decided to invest an additional 200 million EUR into the company's green energy and sustainability projects aiming to achieve carbon neutrality by 2030. According to the company's statement, the new investment will be utilized for reforestation projects in tropical countries and sustainable forest management, among other projects like plastic and textile recycling.
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Warren Buffett Changes Mind on Gold: He Will Panic-Buy Bitcoin at $50K, Says Max Keiser
Warren Buffett has changed his mind about gold as an investment, prompting some people to think that he might do the same with bitcoin. Buffett’s company Berkshire Hathaway revealed Friday that it had dumped bank stocks and took a position in a gold miner.
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Bitcoin
Indian startups preparing for the worst
Ten global and local private equity companies have sent an open letter to Indian startups telling them to prepare for the worst. It will be incredibly difficult to secure funding in the next few months due to the coronavirus crisis. Many startups have been forced to halt their businesses due to nationwide lockdown.
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TechCrunch
The UK hit by cardboard shortage amid coronavirus crisis
The Recycling Association has issued a warning that the UK may soon face a severe cardboard shortage as more and more recycling collections are delayed by local councils due to the coronavirus outbreak. Cardboard is an essential item used in the packaging of food and medical supplies, with the coronavirus crisis threatening a Europe-wide or even a worldwide shortage of used paper and cardboard.
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TheGuardian
GM to reveal new electric vehicles to compete with Tesla
Vehicle manufacturing giant, General Motors, is all set to reveal their new line of electric vehicles to convince investors that it can compete with Tesla. The company has focused on reducing the cost of the batteries used in these cars, potentially reducing their cost by a large amount. Although Tesla is still the leader in the market, GM may be able to catch up.
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Reuters