🏘️ Berlin's Rent Controls Are Proving to Be a Disaster
Today’s Picks
Berlin's Rent Controls Are Proving to Be a Disaster. A year ago, the leftist government of Germany's capital region imposed central planning on the city's housing market. That was a bad move. (Andreas Kluth via Bloomberg)
Oil Trade Group Considers Endorsing Carbon Pricing. The oil industry’s top lobbying group is preparing to endorse setting a price on carbon emissions in what would be the strongest signal yet that oil and gas producers are ready to accept government efforts to confront climate change. (Ted Mann via Wall Street Journal)
Czech on-demand grocery delivery startup Rohlik bags $230M to expand across Europe. Food delivery — whether it’s ready-made orders from restaurants, meal kits or groceries — has been one of the most-used services in this last year of living under the cloud of a global health pandemic, and today one of the companies with ambitions to build a pan-European empire in the third of these categories is announcing a major round of funding to help it get there. (Ingrid Lunden via TechCrunch)
Hyatt Hotels calls hate symbols 'abhorrent' after CPAC stage shape. Hyatt Hotels Corporation called hate symbols "abhorrent" after the stage at the 2021 Conservative Political Action Conference, which took place at a Hyatt hotel, resembled a Nordic rune that appeared on Nazi uniforms. (Sinéad Baker via Business Insider)
Volvo says it will only sell electric cars by 2030. Swedish automaker Volvo says it will only sell electric cars by 2030, phasing out all diesel, petrol, and hybrid options in an effort to reduce global carbon emissions. (James Vincent via The Verge)
Hackers exploit websites to give them excellent SEO before deploying malware. Cyberattackers have turned to search engine optimization (SEO) techniques to deploy malware payloads to as many victims as possible. According to Sophos, the so-called search engine 'deoptimization' method includes both SEO tricks and the abuse of human psychology to push websites that have been compromised up Google's rankings. (Charlie Osborne via ZDNet)
A major Chinese bitcoin mining hub is shutting down its cryptocurrency operations. China’s Inner Mongolia region plans to ban new cryptocurrency mining projects and shut down existing activity in a bid to cut down on energy-consumption. (Arjun Kharpal via CNBC)
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