The term “upcycling” was first used in 1994 by Reiner Pilz, a mechanical engineer, in the architecture magazine Salvo. Specifically, Pilz contrasted the practice of upcycling with recycling, referring to the latter as “down-cycling” and noting that recycled products often lose their value when recycled. On the contrary, Pilz pointed out that upcycling generally improves … Read more
Hong Kong must “gear up to fight a long battle” in the escalating trade war with the US by diversifying risks and accelerating brand upgrades, the city leader has said, citing views from local delegates to China’s top legislature and political advisory body. Chief Executive John Lee Ka-chiu hosted a closed-door seminar on Thursday at … Read more
Ahead of a decision from California’s insurance commissioner on a State Farm General request for emergency rate increases, company executives and representatives of a consumer group pled their opposing cases in letters to Commissioner Ricardo Lara. News outlets in California reported earlier this week that Commissioner Lara is leaning toward a solution that would have … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A Singaporean billionaire is seeking to oust his son as chief executive of the family’s property company, accusing him of attempting a boardroom coup and poor business decisions. Kwek Leng Beng, executive chair of Singapore’s … Read more
The lawsuit further claims that while FTX was “in freefall, Zhao sent additional false tweets calculated, in part, to prevent FTX from seeking and obtaining alternative financing to cauterize the run on the institution by customers deceived by the tweets. Collectively and individually, these false public statements destroyed value that would have otherwise been recoverable … Read more