H I Sutton: India’s submarines make strategic move to dominate Indian Ocean: The Indian Navy is discretely building up its submarine capabilities. The most visible aspect of India’s programs are new nuclear-powered submarines that are being built, but beneath the surface there are other strategic steps to help ensure its Navy’s dominance of the Indian Ocean. The Navy is also reinforcing its presence in the Andaman and Nicobar Islands, close to the strategically vital Strait of Malacca. https://bit.ly/3hQAcDv
One-fifth of Earth's ocean floor is now mapped: The initiative that seeks to galvanize the creation of a full map of the ocean floor says one-fifth of this task has now been completed. When the Nippon Foundation-GEBCO Seabed 2030 Project was launched in 2017, only 6% of the global ocean bottom had been surveyed to what might be called modern standards. That number now stands at 19%, up from 15% in just the last year. https://bbc.in/3doBwdp
Spending on renewable power is set to overtake oil and gas drilling for the first time next year as clean energy affords a $16 trillion investment opportunity through 2030, according to Goldman Sachs.
Who’s in the running to be Joe Biden’s Vice President? Here are 12 women who have been under consideration by Biden, and why each might be chosen — and might not be. https://nyti.ms/2Nn6hVO
Global advertising faces double-digit decline this year: report: The global advertising industry is expected to decline nearly 12% this year as the coronavirus pandemic batters businesses around the world, a report on the sector said on Monday. While the overall hit to economies from the pandemic is expected to be worse that the 2008 financial crisis, the report from ad agency GroupM, a unit of holding company WPP, showed, said this year’s advertising decline, excluding US political advertising, would still only be modest. https://reut.rs/3eszI4t
The hardest-hit parts of the industry are expected to be television advertising, which has long been losing ground, and “out-of-home” (OOH) advertising such as billboards, as people stay indoors.
TV advertising is expected to decline 17.6% this year, while OOH will drop 25%, when excluding political ads, GroupM said.
Michael Strain: Remote work won’t work: Slack, the online messaging company, will allow most of its employees to permanently switch to remote work. So will Twitter. Facebook envisions up to half of its workforce eventually working remotely. Nationwide will close offices around the country this fall, moving many employees to parament telework. “The notion of putting 7,000 people in a building may be a thing of the past,” according to the CEO of Barclays. I’m skeptical. https://bit.ly/2zSk57o
