Plus: How to print money at sea.
| Photo: Reuters (Jana Rodenbusch) |
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Good morning, Quartz readers!
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Farmers blocked major roads with tractors in Germany to protest a subsidy change. Chancellor Olaf Scholz isn't backing down on a plan to end a subsidy on diesel used in agriculture. |
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Apple's mixed-reality headset has a release date. The $3,500 Vision Pro will hit stores Feb. 2, and preorders start Jan. 19. Apple didn't make the announcement at CES, because Apple doesn't go to CES, but we do have updates from the consumer tech trade show below. |
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Boeing shares dropped in the wake of its most recent 737 Max problem. Investors were reacting to the US government's decision to ground some versions of the plane following a mid flight panel blowout. |
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Bitcoin hit a 21-month high. The cryptocurrency rose to more than $47,000 yesterday, just as investors anticipate a possible approval from the US Securities and Exchange Commission of a bitcoin exchange-traded fund. |
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The consumer electronic industry's biggest trade show of the year, CES, kicked off in Las Vegas this week. We'll be bringing you updates from CES each day for the rest of this week, starting with some notable gadgets that have been announced. |
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Here's five that caught our eye: |
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China hasn't been sleeping on investing in car shipping, correctly identifying it as a key link in the supply chain critical to global expansion of the Chinese automotive industry. But it's taking a lot more time to build those ships than it is for EV giants like BYD to churn out cars.
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If you're lucky to own one of these floating car carriers—many of which were scrapped during the pandemic—you're now in a position to charge eye-watering prices for spots aboard them. That's why Chinese industry observers are calling these specialty vessels "money-printing machines at sea."
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Something else is rocking the boats of industry. |
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Economists at the Bank for International Settlements, a Swiss-based consortium of central banks from around the world, recently mapped the realignment of global supply chains following big shocks brought on by the covid pandemic and Russia's invasion of Ukraine. What they found is that global supply chains are actually getting longer despite less off-shoring. Quartz's Mary Hui explains why this is happening. |
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More than a third of unmarried adults under the age of 50 in Japan have never dated. Many say they see it as a waste of time and money. |
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Electrons behave strangely in strange metals. They act more like a fluid—though what that discovery can be used for isn't clear yet. |
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Our best wishes for a productive day. Send any news, comments, free date ideas, and electron fluid to talk@qz.com. Today's Daily Brief was brought to you by Morgan Haefner and Susan Howson. |
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