Twelve U.S. states urge Biden to back phasing out gas-powered vehicle sales by 2035
WASHINGTON, April 21 (Reuters) – The governors of a dozen U.S. states including California, New York, Massachusetts and North Carolina called on President Joe Biden on Wednesday to back ending sales of new gasoline-powered vehicles by 2035, a dramatic shift away from fossil fuels. Biden’s $2.3 trillion infrastructure plan calls for $174 billion in spending […]
Verizon loses more-than-expected wireless subscribers
Verizon Communications Inc (VZ.N) said on Wednesday it lost more wireless subscribers than expected during the first quarter as it battled intense competition from T-Mobile US Inc (TMUS.O) and AT&T Inc (T.N) to attract customers. As the 5G technology gains traction, customers have been exploring competitive options from the big three telecoms carriers, which are making big investments to upgrade their […]
Dubai’s commodities hub plans Gulf’s first blockchain-backed facility
Dubai Multi Commodities Centre (DMCC) plans to create the first precious metals refinery and storage facility in the Gulf region enabled by blockchain technology. The facility will refine and store precious metals including gold, silver, platinum, palladium and rhodium, which will be tokenised on goldexchange.com, a secured trading platform, it said in a statement. As […]
Israel picks Amazon’s AWS, Google for flagship cloud project
Israel’s government chose Amazon Web Services (AWS) (AMZN.O) and Google for a more than $1 billion project to provide cloud services for the country’s public sector and military. Amazon and Google beat out Microsoft (MSFT.O), Oracle (ORCL.N) and IBM (IBM.N) in the tender for the four phase project known as “Nimbus”, the Finance Ministry said on Wednesday. They will establish local cloud […]
London Bridge station evacuated as police investigate suspicious item
London Bridge station in central London was evacuated on Wednesday after police were called to investigate reports of a suspicious item on board a train, British Transport Police said. “Officers were called to London Bridge station at 12.33pm following reports of a suspicious item on board a train,” a British Transport Police spokeswoman said. “The […]
India to increase oxygen supplies amid shortage -govt
At least 22 patients died on Wednesday in a hospital in western India after a disruption to their oxygen supply caused by a leaking tank, the health minister said, as a nationwide surge in coronavirus cases soaks up supplies of the crucial gas. The incident in the city of Nashik, one of India’s worst-hit areas, […]
How a sweetheart deal gives GameStop CEO a $179 mln goodbye gift
Gamestop Corp (GME.N) chief executive George Sherman can step down this summer with a $179 million windfall that dwarfs CEO salaries at many larger corporations thanks to a sweetheart deal that was turbocharged by this year’s furious meme stock rally, compensation experts said. GameStop said on Monday that Sherman would step down by July 31. The struggling U.S. videogame […]
Prices matter when tracking economic development and recovery after the pandemic
Measuring purchasing power is an effective way to track economic recovery after the pandemic, estimate the real sizes of economies, and gauge poverty.
UK PM Johnson cancels trip to India due to coronavirus worries
British Prime Minister Boris Johnson on Monday cancelled a planned trip to India, scheduled to take place next week, due to the current coronavirus situation in India, Johnson’s office said.
China to bring solar and wind power generation to 11% of total electricity use in 2021
China has flagged it will seek to raise its power generation from solar and wind plants to around 11% of the country’s total power consumption in 2021, from 9.7% in 2020, said the National Energy Administration (NEA) in a draft rule on Monday. Chinese President Xi Jinping has announced that China will boost the share […]
