Technology

South Africa Coal Export Line Will Need Five Years to Refurbish
13 Aug

South Africa Coal Export Line Will Need Five Years to Refurbish

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South Africa’s state-owned rail company needs $669 million and five years to upgrade equipment to revive performance of its main export coal line, according to an internal report.Coal shipments plunged to a more than three-decade low of 48 million tons last year because of inefficiencies at Transnet SOC Ltd., which blamed lack of locomotives and spare parts for its woes. The two other major factors limiting the amount of the fuel shipped to the coast for export are infrastructure faults and issues with signaling systems, according to a final executive summary report seen by Bloomberg. Source link lol
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How Politics Will Expand Into the Final Frontier
13 Aug

How Politics Will Expand Into the Final Frontier

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Listen and subscribe to the Voternomics series on the In the City and Stephanomics podcast feeds on Apple, Spotify and the Bloomberg Terminal.The rapid commercialization of space is launching the world into an “era of astropolitics,” journalist and author Tim Marshall tells host Allegra Stratton on this episode of Voternomics.Commercial companies are driving “Space Race 2.0,” from commercial fleets of satellites a few hundred miles above Earth to NASA’s search for private companies to bring back a piece of the moon. Ultimately, Marshall says, entities are eyeing the lucrative prospect of mining extraterrestrial objects for resources needed to provide renewable…
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The Sleepy Czech Town Helping Europe Compete in the Global Chip War
13 Aug

The Sleepy Czech Town Helping Europe Compete in the Global Chip War

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The Czech town of Roznov pod Radhostem was best known for its rum-drizzled sweet pies and an open-air museum showing off historical wooden houses. Then came an announcement that stirred the sleepy backwater.US chipmaker ON Semiconductor Corp. picked Roznov for a new $2 billion manufacturing hubBloomberg Terminal in June. The past few weeks have seen a flurry of visits by property developers, the head of a local university and government officials followed around by television crews. Source link lol
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Musk Blames Attack on X for Delay to Start of Trump Event
13 Aug

Musk Blames Attack on X for Delay to Start of Trump Event

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Elon Musk’s conversation with Republican presidential nominee Donald Trump on the X social-media platform started some 40 minutes after it was scheduled, with the billionaire tech mogul blaming the delay on a cyber attack.“This massive attack illustrates there’s a lot of opposition to people just hearing what President Trump has to say,” Musk said when the event finally began. “This is really aimed at kind of open-minded, independent voters who are trying to make up their mind.” Source link lol
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Paris Olympics Average 30.6 Million Viewers, 82% Bump From Tokyo
13 Aug

Paris Olympics Average 30.6 Million Viewers, 82% Bump From Tokyo

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About 30.6 million people on average watched the Paris Olympics on Comcast Corp.’s US media outlets each day, an 82% increase from the Tokyo Olympics.The number includes the NBC broadcast network, cable channels such as USA and the Peacock streaming service, NBC Sports said in a release on Monday. Sunday’s closing ceremony attracted a US audience of 20.8 million, more than double Tokyo’s. Source link lol
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Drahi Is Making Good on Pledge to Sell Assets. But to What End?
12 Aug

Drahi Is Making Good on Pledge to Sell Assets. But to What End?

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Patrick Drahi is in for a pay day after agreeing to sell his stake in BT Group Plc. That may or may not be good news for creditors of Altice.If the billionaire owner of the media giant decides to use the money from the sale of Altice UK’s 24.5% stake in BT to pay down debt, it will come just in time for creditors getting ready for a bruising round of debt talks to limit writedowns. Source link lol
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Trump Returns to X With Several Posts Ahead of Musk Interview
12 Aug

Trump Returns to X With Several Posts Ahead of Musk Interview

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Former President Donald Trump posted several times on X, the social network formerly known as Twitter, after more than three years of virtual silence on the platform as he gears up for an interview with owner Elon Musk. Trump, who posted on Twitter at all hours during his presidency, was banned for life from the network following his role in encouraging rioters at the US Capitol on Jan. 6, 2021. After Musk purchased Twitter in late 2022, later renaming it X, he reinstated Trump’s account. But the former president had posted just once since then — a photo of his…
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Google’s Osterloh Looks to Get Jump on Apple With Earlier Launch
12 Aug

Google’s Osterloh Looks to Get Jump on Apple With Earlier Launch

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With its hardware event on Tuesday, Alphabet Inc.’s Google is trying to outshine Apple’s annual iPhone launch — and is letting longtime executive Rick Osterloh take center stage.Osterloh, the former president of Motorola who joined Google in 2016, will helm the first major product launch after the company this year unified under his leadership the teams developing hardware and the Android operating system. The reorganization expanded Osterloh’s influence in the company and signaled that Google intends to compete in hardware for the long term. Source link lol
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