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🚨 Lex Greensill and four former Credit Suisse bankers have been named as suspects in a Swiss criminal case that is due to be formally opened later this month
New story, with FT dream team @OwenWalker0, @cynthiao & @samgadjones
🚨Generative AI has a serious problem with bias🚨
Over months of reporting, @dinabass and I looked at thousands of images from @StableDiffusion and found that text-to-image AI takes gender and racial stereotypes to extremes worse than in the real world.
🧵 1/13
This is partly a lesson about the challenges of forecasting the total redesign of the world's energy infrastructure, when both the pace of transition and the tech is still very much in flux
Maybe we won't need quite so much lithium? New sodium-ion technology could displace as much as 37% of 2035 lithium demand, @BloombergNEF says
@mburtonmetals
We may have been kept out of the building, but it did nothing to stop the @business team at OPEC doing an outstanding job as always. Every twist and turn of today's meeting is here...
Świetna książka @JavierBlas i @jfarchy o największych firmach traderskich i ich roli na rynku surowców (głównie ropy) wkrótce ukaże się po polsku. Bardzo polecam, również osobom spoza branży energetycznej, bo to rzecz napisana ze znawstwem tematu, ale przede wszystkim z werwą.
'The World for Sale' is out in Korean!!!
‘얼굴없는 중개자들’ 이라는 제목의 제 책이 드디어 한국어로 번역되어 출간되었음을 기쁜 마음으로 알려드립니다. 원자재시장을 좌지우지하는 트레이더들이 세계 경제와 정치 무대에서 어떤 영향력을 끼치는지 보여주는 책이라고 감히 얘기해봅니다.
Exxon Mobil in SEC filing:
"It is highly unlikely that society would accept the degradation in global standard of living required to permanently achieve a scenario like the IEA NZE [Net Zero Emissions by 2050]"
(See link for full letter: | #OOTT $XOM
EDF power traders lost a "shocking" €480 million as prices surged💥
A former trader claims he repeatedly raised concerns about deliberate mismarking of prices, but was then fired for "rocking the boat"
Big story by @jonny_browning
One of the world’s biggest metals traders has built up a dominant position in one part of the London Metal Exchange aluminum market, creating a squeeze on exchange stocks and putting focus on the availability of non-Russian metal.
@jfarchy @megacontango
It just so happens today is the day @ExploreWellcome publishes the first of my 6-part series on commercial breastmilk. I’ve been working on it for some time, so here it is - a surreal counterpoint to Turkish politics:
EU introduces price cap for on-exchange gas prices, so more activity moves into the OTC market, where prices are not capped but activity is less transparent:
An opaque network of new and often faceless intermediaries and vessel owners working out of locations like Dubai and Hong Kong are key to Russia’s continuing oil trade via @BBGVisualData
Only about half of a $2bn sample of controlled “dual use” items shipped from the EU actually reached their stated destinations in Kazakhstan, Kyrgyzstan and Armenia.
GREAT data work / charts by @xtophercook, @federicacocco & @maxseddon