World
Whole Again: The ozone layer is healing

Whole Again: The ozone layer is healing

The healing process

In somewhat rare positive climate news, the Earth’s ozone layer looks on track to recover in the coming decades, according to a new report from the UN.

The healing progress is a direct result of human efforts, per the report, largely due to an international agreement known as the Montreal Protocol which was established in the late 1980s to target and regulate nearly 100 man-made chemicals that were harming the protective layer.

Fixing a hole

A hole in the ozone layer — a thin part of our atmosphere that absorbs most of the sun's harmful ultraviolet radiation — was discovered by three scientists from the British Atlantic Survey in 1985. Subsequently, it came to light that substances such as chlorofluorocarbons (CFCs), which could be found in spray cans and air conditioners at the time, were wearing away the layer, prompting the Montreal Protocol just a few years later.

The landmark environmental agreement certainly seems to have been working, cutting down emissions and consumption. Ozone-depleting substance emissions, like those from CFCs, peaked at nearly 1.5m tonnes in 1988, a figure which had fallen nearly 80% by 2014.

More World

See all World
world

Starbucks sells control of China business for $4 billion

Starbucks disclosed on Monday evening in a regulatory filing that it will sell control of its ailing China business to Boyu Capital for about $4 billion.

Under the agreement, Boyu will own a 60% stake in the China segment, which will become a joint venture between Boyu and Starbucks. The coffee chain will retain a 40% interest in the entity and will continue to own and license the brand and intellectual property.

Bloomberg reported earlier this year that the company was looking to sell its China segment. The American coffee giant has struggled to succeed in China, its second-largest market after the US.

world

John Wayne Airport in Orange County tops the list of North America’s favorite airports

Despite a record year of passenger numbers, flight cancellations, and delays, a new survey has revealed that flyers have been increasingly satisfied about their experiences in North American airports. 

According to this year’s North America Airport Satisfaction Study from data analysts at J.D. Power, overall passenger satisfaction scores were up 10 points (on a 1,000-point scale), largely from “improvements in food, beverage and retail and ease of travel through the airport.” The annual survey measures overall traveler satisfaction across the region’s airports in seven categories (in order of importance): ease of travel, level of trust, terminal facilities, airport staff, airport departure experience, food and retail, and airport arrival experience.

Here are the regions favorites:

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.