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The article discusses the resurgence of manual transmissions in the automotive industry. While automatic SUVs, paddle-shift coupes, and gearless electric vehicles have dominated the market, a class of consumers is seeking the visceral connection and driving experience provided by manual transmissions. Established automakers and newcomers have introduced models with manual transmissions to cater to this demand. Although manual transmissions only make up 2% of new vehicle sales in the US, there is a loyal group of enthusiasts who appreciate the sensory pleasures and maneuverability offered by manual transmissions. These manual variants are also becoming more desirable in the collector market, with prices increasing significantly compared to their automatic counterparts. [Extracted from the article]

The article discusses the resurgence of manual transmissions in the automotive industry. While automatic SUVs, paddle-shift coupes, and gearless electric vehicles have dominated the market, a class of consumers is seeking the visceral connection and driving experience provided by manual transmissions. Established automakers and newcomers have introduced models with manual transmissions to cater to this demand. Although manual transmissions only make up 2% of new vehicle sales in the US, there is still a loyal group of enthusiasts who appreciate the sensory pleasures and maneuverability offered by manual transmissions. However, most automakers have shifted their focus to automatic transmissions due to higher costs and the preference for convenience among the majority of consumers. The article also highlights the increasing value of manual transmission cars in the collector market. [Extracted from the article]

The Aston Martin Formula One team is making efforts to sign veteran engineer Adrian Newey, according to owner Lawrence Stroll. Newey, who is stepping down as chief technical officer of Red Bull Racing, is highly sought after for his success in the sport. Stroll expressed his excitement at the prospect of Newey joining the team, stating that every other Formula One team would feel the same. Aston Martin, currently struggling in the championship, is aiming to turn its performance around under Stroll's leadership. The company has launched new models more frequently and is on track to become profitable this year. [Extracted from the article]

Aston Martin has unveiled the Vanquish, a new sports car that will be the most expensive and prestigious model in their lineup. The two-seat coupe features a 5.2-liter, twin-turbo V-12 engine that produces 823 horsepower and 737 pound-feet of torque. Aston Martin's chief technical officer emphasized the importance of the V-12 engine in the flagship model. The Vanquish comes with various high-performance features and a luxurious interior, and it is expected to have a higher price tag than other Aston Martin road series cars. Limited to fewer than 1,000 units produced annually, the Vanquish is now available for sale. [Extracted from the article]

Albertsons, the second-largest grocery chain in the US, has been sued by e-commerce software maker Replenium Inc. The startup alleges that Albertsons conducted trials with its software for three years, only to steal its trade secrets and build its own system. Replenium claims that it entered into an agreement with Albertsons in 2020, but the grocery chain abruptly ended the relationship in November. Replenium is seeking an unspecified monetary award for misappropriation of trade secrets, breach of contract, and unjust enrichment. Albertsons declined to comment on the lawsuit. [Extracted from the article]

Albertsons, the second-largest grocery chain in the US, has been sued by Seattle startup Replenium Inc. The software maker alleges that Albertsons conducted trials with its product for three years, only to steal its trade secrets and build its own system. Replenium claims that it entered into an agreement with Albertsons in 2020 to deploy software that allows online shoppers to subscribe to automatic replenishment of frequently purchased items. However, Albertsons abruptly ended the relationship in November, causing Replenium to lose millions of dollars in investments and anticipated revenue. Replenium is seeking an unspecified monetary award in the lawsuit. [Extracted from the article]

Residents of Nantucket, Massachusetts, are upset after a wind turbine broke and washed ashore, comparing it to an oil spill. The incident has raised concerns about the safety and environmental impact of offshore wind projects, including Vineyard Wind's venture off the coast of Nantucket. While some locals are critical of the project, others argue that the benefits of clean energy outweigh the risks. The incident may also have implications for the future of offshore wind development in the US and could lead to new government requirements for addressing accidents and dismantling turbines. [Extracted from the article]

Residents of Nantucket, Massachusetts, are upset after a wind turbine broke and washed ashore, comparing it to an oil spill. The incident has raised concerns about the safety and environmental impact of offshore wind projects, particularly Vineyard Wind's venture south of Nantucket. While there is local opposition to the project, the urgent need for clean energy and the threat of climate change often overshadow these concerns. The incident may also have implications for other planned wind projects along the Eastern seaboard and could lead to new government requirements for addressing accidents and dismantling turbines in the future. [Extracted from the article]

A report by the Science Based Targets initiative (SBTi) has found that carbon credits, a financial instrument used by major companies to support their emissions claims, are mostly ineffective in achieving their intended mitigation outcomes. The report suggests that corporate use of carbon credits could hinder decarbonization efforts and reduce climate finance. The findings are likely to impact the market for carbon offsets, which has already faced allegations of greenwashing. The SBTi report aims to bring a more nuanced approach to the topic, which has been the subject of polarized opinions. [Extracted from the article]

A report by the Science Based Targets initiative (SBTi) has found that carbon credits, a financial instrument used by major companies to support their emissions claims, are mostly ineffective in achieving their intended mitigation outcomes. The report suggests that corporate use of carbon credits could hinder decarbonization efforts and reduce climate finance. The findings are likely to impact the market for carbon offsets, which has already faced allegations of greenwashing. The SBTi report aims to bring a more nuanced approach to the topic, which has been the subject of polarized positions. [Extracted from the article]

OneStream Inc., a software company, saw its shares rise by 34% after raising approximately $490 million in an initial public offering (IPO). The IPO, which marked the biggest IPO week in the US this year, gave OneStream a market value of around $6.2 billion. The company offers a cloud-based platform with over 90 applications, including accounting and budgeting. Despite experiencing a net loss of $29 million in 2023, OneStream's CEO, Tom Shea, believes the company is at an inflection point and has a large growth opportunity. The IPO was led by Morgan Stanley, JPMorgan Chase & Co., and KKR's capital markets arm. [Extracted from the article]

OneStream Inc., a software company, saw its shares rise by 33% after raising approximately $490 million in an initial public offering (IPO). The IPO, which is the largest in the US this year, gives OneStream a market value of around $6.1 billion. The company offers a cloud-based platform with over 90 applications, including accounting and budgeting. Despite experiencing a net loss of $29 million in 2023, OneStream's revenue increased to $375 million. The IPO was led by Morgan Stanley, JPMorgan Chase & Co., and KKR's capital markets arm. [Extracted from the article]

OneStream Inc., a software company, saw its shares rise by 29% after raising approximately $490 million in an initial public offering (IPO). The IPO, which is the largest in the US for the week, gives OneStream a market value of nearly $6 billion. The company offers a cloud-based platform with over 90 applications, including accounting and budgeting. Despite a net loss of $29 million in 2023, OneStream had 1,423 customers as of March 31, including Autoliv Inc. and Ingram Micro Inc., and over 75 members of the Fortune 500. The IPO was led by Morgan Stanley, JPMorgan Chase & Co., and KKR's capital markets arm. [Extracted from the article]

OneStream Inc., a software company that offers a cloud-based platform with various applications, including accounting and budgeting, raised $490 million in a US initial public offering (IPO). The IPO priced the shares at $20 each, above the marketed range of $17 to $19. The company has a market value of around $4.6 billion based on its outstanding shares. OneStream had a net loss of $29 million on revenue of $375 million last year. The IPO is being led by Morgan Stanley, JPMorgan Chase & Co., and KKR's capital markets arm. [Extracted from the article]

Audi has hired the former head of Ferrari's Formula 1 team, Mattia Binotto, to lead their push to join the racing competition in 2026. Binotto will take on the roles of chief operating officer and chief technical officer at Sauber Motorsport AG F1. This move is part of Audi's efforts to strengthen their racing project and improve their recruiting efforts. The shakeup also includes the replacement of Oliver Hoffmann and Sauber Motorsport CEO Andreas Seidl. Audi's CEO, Gernot Döllner, will become Sauber Motorsport's chairman. Binotto, a mechanical engineer, previously served as team principal of Ferrari's F1 team but resigned after a disappointing season. The popularity of F1 has increased in recent years, particularly in the US, due to marketing investments and the success of the Netflix documentary series Drive to Survive. [Extracted from the article]

OneStream Inc., a software company that offers a cloud-based platform with various applications, including accounting and budgeting, raised $490 million in its initial public offering (IPO). The IPO priced the shares at $20 each, above the marketed range of $17 to $19. The company had a net loss of $29 million on revenue of $375 million in 2023. OneStream's largest investors include KKR & Co. and an entity controlled by Robert Powers, the chief technical officer and a director of the company. The IPO is being led by Morgan Stanley, JPMorgan Chase & Co., and KKR's capital markets arm. [Extracted from the article]

Former Lamborghini chief technical officer, Maurizio Reggiani, has joined Eccentrica, a company that modifies classic Lamborghinis. Reggiani will advise the company on producing a modernized version of the Lamborghini Diablo supercar. Eccentrica plans to produce 19 updated Diablos for €1.35 million each, retaining the original look but with modernized systems and cosmetic upgrades. The cars will be powered by a reengineered 5.7-liter V-12 engine. This approach contrasts with the trend of electric motor conversions in classic cars. Deliveries of the updated Diablos will begin in June 2025. [Extracted from the article]

OneStream Inc., a cloud-based platform offering various applications including accounting and budgeting, along with shareholders including KKR & Co., are planning to raise $465.5 million through a US initial public offering (IPO). The company is marketing 18.1 million shares, while the shareholders are offering 6.4 million shares. T. Rowe Price Investment Management Inc. has expressed interest in purchasing up to 15% of the base offering. OneStream had a net loss of $29 million on revenue of $375 million in 2023. The IPO is being led by Morgan Stanley, JPMorgan Chase & Co., and KKR's capital markets arm. [Extracted from the article]

OneStream Inc., a software company backed by KKR & Co., has publicly filed for an initial public offering (IPO). The company reported a net loss of $29 million on revenue of $375 million in 2023, compared to a loss of over $65 million on revenue of $279 million in 2022. OneStream's largest investors include an entity controlled by Robert Powers, the chief technical officer and director of the company. The IPO is being led by Morgan Stanley, JPMorgan Chase & Co., and KKR's capital markets arm, with Bank of America Corp., Citigroup Inc., and Guggenheim Securities also involved. [Extracted from the article]

The US government is urging federal contractors to strengthen their encryption in order to protect their data and technology from attacks by quantum computers. The National Institute for Standards and Technology will establish three encryption algorithms in July that are deemed sufficient for safeguarding data from quantum computers. This move is aimed at establishing an internationally-recognized standard to help organizations manage evolving cybersecurity threats. The US and UK are among the governments taking the threat of quantum computing seriously, with the US Senate passing a bill in 2022 that allows government agencies to mandate contracted companies to adhere to encryption standards. Companies holding or seeking federal contracts will be required to meet these standards by 2035, with sensitive projects potentially requiring quantum encryption sooner. The UK also plans to adopt the encryption standards proposed by the US. [Extracted from the article]

According to the head of climate research at Andurand Capital Management, now is not the time to bet on a boom in the market for carbon credits. The recent announcement by the Science Based Targets initiative (SBTi) led to confusion among buyers, sellers, and traders of carbon credits. While some sectors may not achieve net zero without relying more on carbon credits, there are still too many risks for companies to significantly increase their reliance on them. The use of carbon credits will have major implications for corporate climate strategies and may face scrutiny from lawyers, regulators, and activists. [Extracted from the article]

According to Mark Lewis, the head of climate research at Andurand Capital Management, it is not the right time to invest in the market for carbon credits. The Science Based Targets initiative's announcement on April 9th, which suggested that companies may be able to increase their use of carbon credits, has caused confusion among buyers, sellers, and traders. Lewis believes that there are still too many risks for companies to heavily rely on carbon credits, particularly for offsetting Scope 3 emissions. The United Nations-backed Science Based Targets initiative is facing pushback from climate experts who are concerned about the potential relaxation of offsetting rules. While some sectors may not achieve net zero without using more carbon credits, the use of these instruments to offset all Scope 3 emissions could significantly boost the carbon credit market. However, the guidelines surrounding the use of carbon credits will have significant implications for corporate climate strategies and may face scrutiny from lawyers, regulators, and activists. The European Union's corporate sustainability reporting requirements, for example, state that carbon credits cannot be used to meet emission-reduction targets that companies must report. The voluntary carbon market, where carbon credits are traded, remains unregulated and is still trying to address concerns about greenwashing. Overall, Lewis believes that any relaxation of rules regarding carbon credits is positive for the voluntary market, but he does not expect an immediate rush of buyers. [Extracted from the article]

According to the head of climate research at Andurand Capital Management, now is not the time to bet on a boom in the market for carbon credits. The Science Based Targets initiative's announcement on April 9 left the impression that companies may soon be able to increase their use of carbon credits, but there are still too many risks for companies to rely heavily on them. The group is facing pushback from climate experts, and legal professionals warn that companies expanding their use of credits based on the announcement may be exposed to litigation risk. The voluntary carbon market, where carbon credits are traded, remains unregulated and is trying to improve its image after reports of greenwashing. [Extracted from the article]

According to Mark Lewis, the head of climate research at Andurand Capital Management, it is not the right time to invest in the market for carbon credits. The Science Based Targets initiative's announcement on April 9th, which suggested that companies may be able to increase their use of carbon credits, has caused confusion among buyers, sellers, and traders. Lewis believes that there are still too many risks for companies to heavily rely on carbon credits, particularly for offsetting Scope 3 emissions. The United Nations-backed group is facing pushback from climate experts who are concerned about the potential relaxation of offsetting rules. [Extracted from the article]

According to Mark Lewis, the head of climate research at Andurand Capital Management, it is not the right time to invest in the market for carbon credits. The recent announcement by the Science Based Targets initiative (SBTi) led to confusion among buyers, sellers, and traders of carbon credits. While some sectors may not achieve net zero without relying more on carbon credits, there are still too many risks for companies to significantly increase their reliance on them. The use of carbon credits is a complex issue that may have implications for corporate climate strategies, litigation risk, and compliance with climate regulations. The voluntary carbon market, where carbon credits are traded, is still unregulated and trying to address concerns about greenwashing. Overall, the market for carbon credits remains uncertain and requires further examination. [Extracted from the article]

Comac, the Chinese planemaker, made a strong impression at the 2024 Singapore Airshow with its C919 single-aisle jet. The company's large chalet, multiple aircraft on display, and presence in the exhibition hall attracted a lot of attention from onlookers and dignitaries. Comac signed deals with Tibet Airlines and Riyadh Air, gaining traction as a potential rival to Boeing and Airbus. While some industry experts believe that Comac will become a major force in the aircraft manufacturing industry, others think that the C919 won't significantly disrupt the market. Comac is also working on a plan to become more self-sufficient in terms of suppliers and is considering replacing all US-export controlled components of the C919. [Extracted from the article]

Sandvine had pitched the new product, called "Digital Witness", to governments and law enforcement agencies in Europe, the Middle East, Asia and North America. (Bloomberg) -- Computer networking company Sandvine has scrapped an effort to sell US law enforcement agencies a controversial internet surveillance technology that tracks encrypted messages and laid off most of the employees involved in the initiative, according to four people with knowledge of the matter. [Extracted from the article]

Orange's strength in the sector means it regularly partners with Big Tech companies, now leading investors in internet infrastructure, to build submarine cables. (Bloomberg) -- French telephone carrier Orange SA christened a new €50 million ($53 million) vessel, the Sophie Germain, strengthening the company's out-sized role in the business of fixing undersea internet cables when they break. Orange Debuts €50 Million Ship to Fix Undersea Internet Cables. [Extracted from the article]

(Bloomberg) -- MGM Resorts International was hacked by the same group of attackers that breached Caesars Entertainment Inc. weeks earlier, according to four people familiar with the matter. The hackers demanded a ransom from MGM, according to two of the people. [Extracted from the article]

(Bloomberg) -- MGM Resorts International was hacked by the same group of attackers that breached Caesars Entertainment Inc. weeks earlier, according to four people familiar with the matter. The hackers demanded a ransom from MGM, according to two of the people. [Extracted from the article]

The hackers demanded a ransom from MGM, according to two of the people. MGM and Caesars Hacked by "Scattered Spider" in Span of Few Weeks (Bloomberg) -- MGM Resorts International was hacked by the same group of attackers that breached Caesars Entertainment Inc. weeks earlier, according to four people familiar with the matter. [Extracted from the article]

(Bloomberg) -- Technology entrepreneur John Warnock, co-founder of Adobe Inc., died on Saturday at age 82, the company said in a statement. "My interactions with John over the past 25 years have been the highlight of my professional career", Adobe's Chief Executive Officer Shantanu Narayen wrote in an email to employees. [Extracted from the article]

(Bloomberg) -- Tesla Inc. shareholders are about to size up some big names who'll decide the future of the carmaker's governance, which has long been a sore subject because of Chief Executive Officer Elon Musk's penchant for running many companies and sparring with regulators. A short video by Denholm is on the investor relations page of Tesla's website, and Tesla will livestream the meeting on Twitter. [Extracted from the article]

(Bloomberg) -- Tesla Inc. shareholders are about to size up some big names who'll decide the future of the carmaker's governance, which has long been a sore subject because of Chief Executive Officer Elon Musk's penchant for running many companies and sparring with regulators. A short video by Denholm is on the investor relations page of Tesla's website, and Tesla will livestream the meeting on Twitter. [Extracted from the article]

(Bloomberg) -- Crypto businesses in the US are pursuing targeted international expansion amid a deepening regulatory crackdown at home. Gemini, Coinbase, Genesis Global Capital, Kraken and Bittrex Inc. are among the companies that have been the target of tightening SEC oversight. [Extracted from the article]

(Bloomberg) -- US-based crypto exchange Gemini will set up an engineering hub in India and named its Global Chief Technical Officer Pravjit Tiwana as Asia-Pacific chief executive. Gemini's move to set up an engineering hub in India is similar to its rival Coinbase, which did the same last year. [Extracted from the article]

When funding from Exxon dried up last year, Viridos cut 60% of its staff and shuttered its outdoor ponds in the California desert. (Bloomberg) -- For over a decade, Viridos Inc. was the centerpiece of Exxon Mobil Corp.'s heavily advertised push to develop climate-friendly biofuels from algae. [Extracted from the article]

The service has suffered regular outages; the problem stems from the technical challenges that come with running any suddenly popular website, rather than with the computing power needed to run its AI models, according to OpenAI. OpenAI's ChatGPT chatbot requires far more computing power to answer a question than Google takes to respond to a web search. [Extracted from the article]

The service has suffered regular outages; the problem stems from the technical challenges that come with running any suddenly popular website, rather than with the computing power needed to run its AI models, according to OpenAI. OpenAI's ChatGPT chatbot requires far more computing power to answer a question than Google takes to respond to a web search. OpenAI Needs Billions to Keep ChatGPT Running. [Extracted from the article]

Asked about demand for his chips, Amon said the automotive market has been more resilient than other customers. (Bloomberg) -- The Consumer Electronics Show is underway for another day, with more substantial crowds hitting the Las Vegas event after two years of Covid-19 disruptions. [Extracted from the article]

Both "future facing" metals are key to BHP's growth plans, along with fertilizer ingredient potash, as consumption of its main commodity iron ore plateaus and it winds back its exposure to coal. (Bloomberg) -- BHP Group Ltd., the world's biggest miner, is warning a shortage of skilled workers from mining engineers to mathematicians will hamper efforts to meet soaring demand for metals crucial to the energy transition. [Extracted from the article]

(Bloomberg Businessweek) -- On the morning of March 20, Tatiana Bespalova got word that a piece of communications infrastructure in Pushcha-Vodytsya had been knocked out - by shelling, most likely. At the outset of the conflict, Ukrtelecom, once a state monopoly and still a dominant fixed-line and internet operator, was serving hundreds of thousands of civilian customers, as well as the armed forces, state bodies and financial institutions. The measures Ukrainian companies have taken are likely of great interest to other European countries threatened by Russia, as well as to any government attempting to safeguard its infrastructure against a possible aggressor state. [Extracted from the article]

(Bloomberg) -- Jennifer Rumsey, the chief operating officer of Cummins Inc., was promoted to chief executive officer, becoming the first female leader of the 103-year-old engine maker. Rumsey previously led Cummins' components division and was chief technical officer, where the company says she laid the foundation for the New Power Business unit and goals to reach net zero emissions by 2050. [Extracted from the article]

Salzgitter is home to VW's main motor factory, and last year the carmaker opened an $80 million facility there to research, develop and test EV batteries. (Bloomberg) -- Volkswagen AG broke ground on a new battery plant in Germany on Thursday, saying the factory marks the first step in an effort that will generate more than 20 billion euros ($20.4 billion) in annual revenue by the end of the decade. [Extracted from the article]

Salzgitter is home to VW's main motor factory, and last year the carmaker opened an $80 million facility there to research, develop and test EV batteries. (Bloomberg) -- Volkswagen AG broke ground on a new battery plant in Germany on Thursday, saying the factory marks the first step in an effort that will generate more than 20 billion euros ($20.4 billion) in revenue annually by the end of the decade. [Extracted from the article]

(Bloomberg) -- British Airways is hiring Dutch rival KLM's chief operating officer as it seeks to stabilize services after canceling hundreds of flights due to staffing shortages. Rene De Groot will leave KLM effective July 15, the unit of Air France-KLM said in a statement Wednesday, adding that it has begun the search for a successor. [Extracted from the article]

Prospect, a union that represents other BT staff including managers, also "did not accept BT's pay offer" imposed instead of continuing negotiations, and has been consulting members on how to respond. (Bloomberg) -- Tens of thousands of BT Group Plc's unionized workers voted in favor of the company's first national walkout in more than three decades. [Extracted from the article]

In April, BT increased wages for 58,000 staff by a flat £1,500 ($1,823), equating to 3% for higher pay grades and 8% for lower ones. Prospect, a union that represents other BT staff including managers, also "did not accept BT's pay offer" imposed instead of continuing negotiations, and has been consulting members on how to respond. [Extracted from the article]

Prospect, a union that represents other BT staff including managers, also "did not accept BT's pay offer" imposed instead of continuing negotiations, and has been consulting members on how to respond. In April, BT increased wages for 58,000 staff by a flat £1,500 ($1,823), equating to 3% for higher pay grades and 8% for lower ones, which is less than national inflation. [Extracted from the article]

Her arthritis flared up and made working outside the home unfeasible, so she counts herself fortunate to have landed a remote customer-service job with used-car dealership company CarMax Inc. "I enjoy talking with and helping people, so I feel very blessed to have this position", Czichas said. (Bloomberg) -- Thanks to a trio of pandemic-era shake-ups -- job vacancies, work-from-home, and chattier callers -- customer-service wait times are soaring in the US. [Extracted from the article]