The cattle industry and rainforest destruction are inextricably intertwined. While Brazilian beef makes its way to plates around the world, the Amazon is paying the price.
The world’s biggest beef producer, JBS, markets itself as a friend of the environment and says it’s committed to ridding its supply chain of animals born or raised on deforested land in the Amazon trib.al/5QAmrf9
But the beef industry’s aggressive expansion is overwhelmingly responsible for the rainforest’s destruction, and JBS has bought more cattle coming out of the biome than any other company trib.al/5QAmrf9
JBS’s supply chain is entrenched in a part of the Amazon that’s been largely cut down to make way for cattle. Alerts from Brazil’s national space research agency show a cumulative 8.2 million hectares of clear-cutting since 2009 trib.al/5QAmrf9
When JBS says it sets the highest standards for its suppliers, it’s based on a greenwashed version of an animal’s origin and a legal system so full of loopholes that prosecutors, environmentalists, and even the ranchers themselves consider it a farce trib.al/5QAmrf9
A Bloomberg analysis of more than 1.5 million deliveries and mapping files shows just how far the Brazilian beef giant’s supply chain reaches into the world’s largest rainforest trib.al/5QAmrf9
The Amazon is nearing a tipping point as deforestation is at a 15-year high—and parts of it now dump more carbon dioxide into the air than it can absorb.
NEW: Elon Musk’s brain implant company Neuralink is now hiring a clinical trial director, an indication that the company’s longstanding goal of implanting chips in human brains is coming closer trib.al/ERnmimF
Neuralink’s brain implant is intended to help treat a variety of neurological disorders, such as paralysis.
Musk has said it already allows monkeys to play video games with their thoughts alone trib.al/ERnmimF
The job description for the position, based in Fremont, California, promises that the applicant will “work closely with some of the most innovative doctors and top engineers” as well as with “Neuralink’s first Clinical Trial participants” trib.al/ERnmimF
Hong Kong orders the culling of thousands of hamsters, closes shops selling them and sends more than 100 pet shop visitors into quarantine as part of its increasingly fervent quest to eliminate the virus trib.al/qGzQvjd
The escalation came after nearly a dozen hamsters imported from the Netherlands and sold at a local pet store in Hong Kong were found to be infected with delta, a virulent Covid-19 variant that hadn’t been detected in the city for months trib.al/Ch761Ec
All pet shops selling hamsters in Hong Kong — in total 34 — were ordered to shut down immediately pending further testing and cleaning, while people who recently bought hamsters were to turn the animals over to authorities for culling trib.al/GTNosYK
Consumer demand is reaching new heights, paving a path to pull the economy out of its pandemic funk.
But problems on the supply side are reaching new heights too — revealing obstacles at every step of the way trib.al/cz5mGzW
The twin ports of Los Angeles and Long Beach have become the most essential gateways for the American economy, accounting for almost 40% of U.S. imported goods.
Now, congestion is wreaking havoc on the global supply chain trib.al/cz5mGzW
BREAKING: Turkey’s central bank cuts interest rates after President Erdogan made it clear he would not give up his push for lower borrowing costs trib.al/jYEzIDZ
The lira tumbles after Turkey's central bank cuts rates by 100 basis points to 15% trib.al/23IdHZP
Investors braced for another cut after Erdogan vowed to fight for lower rates.
Evoking Islamic teachings that prohibit usury, the comments were the latest iteration of his unorthodox mantra that high borrowing costs cause inflation rather than curbing it bloom.bg/3HAqguG
BREAKING: Germany’s Social Democrats and conservatives are in a dead heat in elections to choose Angela Merkel's successor trib.al/I2FGdtO
JUST IN: Front-runner Olaf Scholz's SPD and a conservative bloc led by Armin Laschet are tied on 25% of votes each in Germany, one exit poll shows bloom.bg/3ohfMZY
German election latest: A second exit poll gave Scholz and the SPD a narrow lead, putting them on 26% with the conservatives on 24%
BREAKING: China’s central bank says all cryptocurrency-related transactions are illegal trib.al/TkRBSWy
China sends the strongest signal yet on its determination to crack down on the crypto industry, saying all cryptocurrency-related transactions are illegal and must be banned bloom.bg/39DVaTa
All crypto currencies, including bitcoin and tether, are not fiat currency and cannot be circulated on the market, the People’s Bank of China says on its website. bloom.bg/39DVaTa