Government

Chevron-Backed Cleantech Firm Gets Up to $100 Million From Canada

Chevron-Backed Cleantech Firm Gets Up to $100 Million From Canada

Canada’s new green technology fund is putting as much as $100 million into a carbon-capture firm that’s backed by Chevron Corp. to help it commercialize its technology.Svante Technologies Inc., based near Vancouver, has developed filters to catch carbon dioxide out of the air and concentrate it for other uses. The Canadian government’s Canada Growth Fund has agreed to inject $50 million through a convertible note, with a further $50 million potentially available for future projects. Source link lol
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China Adds Metal Used in Ammo to List of Restricted Exports

China Adds Metal Used in Ammo to List of Restricted Exports

China is tightening its grip over global critical-mineral supplies by placing export controls on antimony, a metal used widely in ammunition and other military applications that’s seen a surge in prices this year. The country will apply the restrictions to antimony and antimony-related materials from Sept. 15 in order to safeguard national security, according to a statement from the Ministry of Commerce on Thursday. That adds to earlier controls on other critical minerals including gallium and germanium, which have set off alarm bells in Washington. Source link lol
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Google Says Iranian Group Seeks Access to Biden-Trump Campaign Emails

Google Says Iranian Group Seeks Access to Biden-Trump Campaign Emails

NEW YORK (AP) — Google said Wednesday that an Iranian group linked to the country’s Revolutionary Guard has tried to infiltrate the personal email accounts of roughly a dozen people linked to President Joe Biden and former President Donald Trump since May.The tech company's threat intelligence arm said the group is still actively targeting people associated with Biden, Trump and Vice President Kamala Harris, who replaced Biden as the Democratic candidate last month when he dropped out. It said those targeted have included current and former government officials, as well as presidential campaign affiliates. Source link lol
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Apple to Open Payment Chip to Third Parties and Charge Fees

Apple to Open Payment Chip to Third Parties and Charge Fees

Apple Inc. will begin letting third parties use the iPhone’s payment chip to handle transactions, a move that allows banks and other services to compete with the Apple Pay platform.The move, announced Wednesday, follows years of pressure from regulators, including those in the European Union. Apple said it will allow developers to use the component starting in iOS 18.1, an upcoming software update for the iPhone. The payment chip relies on a technology called NFC, or near-field communication, to share information when the phone is near another device. Source link lol
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Byju’s at Risk of Insolvency Again as Top Court Halts Settlement

Byju’s at Risk of Insolvency Again as Top Court Halts Settlement

Sign up for the India Edition newsletter by Menaka Doshi – an insider's guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise, delivered weekly.Troubled education-technology startup Byju’s is back facing a potential insolvency after India’s top court ordered a stay on a ruling that allowed it to avert bankruptcy. Source link lol
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EON Boosts Spending on Energy Transition as Europe Electrifies

EON Boosts Spending on Energy Transition as Europe Electrifies

EON SE ramped up investments more than 20% in the first half as the German utility expands a massive network of cables that’s helping to drive the energy transition. As one of Europe’s largest distribution-grid operators, EON plays a key role in the economy’s electrification. The continent aims to be climate-neutral by the middle of the century, an endeavor that requires a huge build-out of grids so that millions of clean-energy generators can be connected. Source link lol
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Intel, Pinched by Losses, Sells Stake in Chip Designer Arm

Intel, Pinched by Losses, Sells Stake in Chip Designer Arm

Intel Corp., which is slashing jobs and expenses in a bid to turn around the business, sold its holdings in chip technology creator Arm Holdings Plc during the second quarter. The company reported in a regulatory filing Tuesday that it no longer owns the 1.18 million shares it held three months earlier. Based on the average price of Arm’s stock during that period — $124.34 — the sale would have raised about $147 million for Intel. Source link lol
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US Considers a Rare Antitrust Move: Breaking Up Google

US Considers a Rare Antitrust Move: Breaking Up Google

A rare bid to break up Alphabet Inc.’s Google is one of the options being considered by the Justice Department after a landmark court ruling found that the company monopolized the online search market, according to people with knowledge of the deliberations.The move would be Washington’s first push to dismantle a company for illegal monopolization since unsuccessful efforts to break up Microsoft Corp. two decades ago. Less severe options include forcing Google to share more data with competitors and measures to prevent it from gaining an unfair advantage in AI products, said the people, who asked not to be identified…
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UK Plans Grid Links to Speed Floating Offshore Wind Farms

UK Plans Grid Links to Speed Floating Offshore Wind Farms

The UK’s electricity system operator has designed a plan to connect three proposed floating offshore wind farms with the grid, as the country’s decarbonization drive picks up speed.National Grid ESO has planned the links for 4.5 gigawatts of floating offshore wind in the Celtic Sea, an area of the Atlantic Ocean off the coast of South Wales and southwest England. The connections have been designed before seabed leasing takes place for the wind farms, which will generate enough power to supply 4 million homes. Source link lol
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