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Exterior view of the front entrance of Ford Motor Company’s New World headquarters in Dearborn, Michigan.fordDEARBORN, MI — ford motor is replacing its 1950s “glass house” headquarters with a new modern industrial facility to foster collaboration and better reassure thousands of employees who have returned to the office from remote work in recent years.The new 2.1 million square foot facility in Dearborn, Michigan will open with a ceremony on Sunday, but construction is expected to continue into 2027.The building will replace the company’s 12-story rectangular headquarters about three miles away in the city, which is scheduled to be demolished. The…

The world will spend $580 billion on data centers this year, $40 billion more than will be spent on securing new sources of oil, according to a new report from the International Energy Agency. These numbers help explain some major changes in the global economy, and the comparison between data centers and oil seems particularly pertinent given concerns about how generative AI will accelerate climate change. Kirsten Korosec, Rebecca Bellan, and I discussed the report’s findings on the latest episode of TechCrunch’s Equity podcast. There’s no question that these new data centers will be power-hungry, potentially putting even more stress…

I think people usually feel anxious about moving to a new country and making a big change in their lives. But I remember sitting in the Los Angeles airport, Tony Tony Chopper water bottle in hand, excited and eager to start a new life. Once I arrived in Tokyo, all I wanted to do was find my favorite matcha cafe and spend the morning there. Growing up in Southern California, I was always interested in Japanese culture and cuisine. During the pandemic, I fell in love with anime. It’s about characters who never give up, friendships, and quiet moments in…

Reuters — Iran confirmed on Saturday that the Iranian Revolutionary Guards had seized a tanker carrying petrochemicals bound for Singapore in Gulf waters for suspected violations, Iranian state media reported. U.S. officials and maritime security sources said Friday that Iranian forces had seized an oil products tanker and diverted it into Iranian territorial waters. This is the first report that the Iranian government has seized a tanker since the Israeli-American attack on Iran in June. Iranian state television quoted the Islamic Revolutionary Guards Corps (IRGC) as saying in a statement that the tanker had committed a violation for transporting unauthorized…

The number of entry-level job openings in the U.S. has fallen by about 35% since January 2023, according to data from labor research firm Rebellio Lab.Semir Bingol | Digital Vision Vector | Getty ImagesAs more and more companies brazenly declare that they will use AI to reduce their workforce by 2025, the first jobs are likely to be junior positions and entry-level jobs.Graduate school programs and internships are in danger of becoming a thing of the past as major companies accelerate the introduction of AI and reduce headcount. Amazon recently laid off 14,000 employees as it looks to invest in…

As winter weather settles in across the country and electricity bills become a major issue in households, most Americans will continue to rely on traditional heating sources such as heating oil, natural gas, and electric furnaces. But in some cases, cryptocurrencies are generating heat, and if some of the early proponents of the cryptocurrency heat industry are correct, the use of cryptocurrencies as a heat source inside homes and buildings will one day become far more widespread.Let’s start with the basics. The computing power of cryptocurrency mining generates a lot of heat, most of which ends up just being vented…

Tel Aviv, Israel — “Prime Minister Netanyahu, do you really think you can rename a war, hand out medals, talk about your heroism, and still avoid an investigation into the biggest national failure in Israel’s history?” Eyal Eshel’s voice cracked with anger as he stood on stage in Tel Aviv on Saturday night and read out to thousands of protesters his cabinet’s recent decision to change the name of the Gaza war from “Operation Iron Sword” to “War of Reconstruction.” Then he tore it to shreds. “Forget it,” continued Eshel, whose daughter Roni was killed in Nahal Oz while working…

Finding a handbag that’s timeless, versatile, and truly luxurious without adding any extra flair is basically the holy grail of shopping. That’s why the internet collectively swooned over a $100 Quince bag that looked nearly identical to the $3,500 Bottega design. The hand-woven Italian leather, structured silhouette, and clean lines give it an instantly luxurious feel, but at less than $100, it’s a bargain. What really makes this bag stand out is its convertible design. Rather than limiting yourself to one carrying option, Quince offers four ways to wear it: top handle, clutch, shoulder bag, and crossbody. This flexibility means…

The chola or capital of Astypalea.Ed Moskalenko | Getty ImagesThe small, butterfly-shaped Greek island of Astypalea has all the ingredients for a relaxing vacation. Countless beaches with crystal clear waters, delicious seafood and castles perched above traditional white towns with winding alleys and views of the Aegean Sea.It’s also less developed than its larger neighbors such as Rhodes and Kos, with a population of just 1,400 people, but when I visited in June, Astypalea was the perfect destination for a cold holiday.Some lanes in the island’s capital Chora are so narrow that donkeys carry construction tools to difficult-to-access construction sites,…

Ms. Jo Malone CBE, British perfumer and founder of fragrance brands Jo Malone London and Jo Loves.Mike Green, CNBCBritish entrepreneur and renowned perfumer Jo Malone (CBE) has opened up about her difficult upbringing and how becoming the breadwinner of her family at the age of 11 sowed the first seeds of entrepreneurship.Mr. Malone, founder of the successful fragrance brands Jo Malone London and Jo Loves, appeared on an episode of CNBC’s “Executive Decisions” podcast with Steve Sedgwick, released Tuesday.Jo Malone London has been acquired. estee lauder Founding the company in 1999, the founders made millions of dollars for an undisclosed…