Your Evening Briefing
A United Nations panel has a dire warning for humanity—the effects of climate change once seen as a century off are actually a few decades away. The world is 1 degree Celsius (1.8 Fahrenheit) warmer than it was at the dawn of the industrial revolution and will be 3 degrees warmer by 2100. As every year passes, extreme weather will get more extreme, coastal floods will worsen, food prices will rise and more species, ecosystems and people will suffer.
Here are today's top stories
To avoid catastrophe, the world must invest $2.4 trillion in clean energy every year through 2035 and cut the use of coal-fired power to almost nothing by 2050. It may be technologically feasible, but decidedly unlikely from a political standpoint.
The latest forecast sees more than one trillion watts of renewable power being installed over the next five years. But coal is expected to remain the largest source of power globally.
A small but growing number of investors are testing strategies to take advantage of the signs of climate change. If electric cars and clean energy aren’t enough to prevent rising oceans, then there’s money to be made in seawalls, indoor agriculture and emergency housing.
The longest line in Caracas isn't for bread or medicine or water. It's for those who've had enough. This is the line to get out of Venezuela.
Salmon farmers are using facial recognition to fight killer lice and create medical records for millions of fish, Bloomberg Businessweek reports.
What's Joe Weisenthal thinking about? The Bloomberg news director is engaging in discussions about the Fed, and whether its actions are magnifying market turmoil.
What you'll need to know tomorrow
- Taylor Swift has finally broken her political silence.
- The world's longest flight will have no economy seats.
- U.S.-China tensions flared during Mike Pompeo's visit to Beijing.
- Unlike Tesla, Elon Musk's SpaceX is enjoying quiet, steady success.
- It's 2018. Everyone is making content. Even Walmart.
- Drones are here to protect you from sharks getting closer to shore.
- Morgan Stanley is remodeling its offices for a millennial workforce.
What you'll want to read tonight
From the fit to the fabric to the way it’s constructed, the seemingly standardized suit can be spun off in a million different ways. And that’s before we even talk about cost. To help you find your perfect match, we combed stores and online markets—and even polled real guys—to find exactly what’s different about each brand’s version. The result is a handy guide that will sort out suits by price point, fit, style, and occasion.
©2018 Bloomberg L.P.