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Toyota brings forward goal of making its factories carbon neutral from 2050 to 2035

Jun 12, 2021 07:57 am UTC| Economy Business Nature

Toyota Motor Corp. will aim to make all its factories carbon neutral by 2035, initially by focusing on introducing new technologies for processes such as painting, coating, and casting, according to Toyotas chief...

Central Banking Series

It's not the Reserve Bank's job to worry about housing prices

Jun 12, 2021 07:15 am UTC| Economy Central Banks

Once again folks are pointing to the potential danger of Australias low interest rates. This week a poll of so-called market economists by ratings agency Fitch had only 12% of respondents in favour of the Reserve Bank...

What's the G-7? An international economist explains

Jun 12, 2021 07:12 am UTC| Economy

What the G-7 is The Group of 7 is an informal group of seven powerful democracies: Canada, France, Germany, Italy, Japan, the United Kingdom and the United States. The presidents of the European Commission and European...

Hackers access personal data of McDonald's S. Korean, Taiwanese customers

Jun 12, 2021 05:42 am UTC| Economy Technology

Unauthorized activity on McDonalds network exposed the personal data of customers in South Korea and Taiwan, making the fast-food giant the latest company to be hit by a data breach. McDonalds claimed it quickly...

Non-Japanese directors demand shake-up of Toshiba board, management for unacceptable actions

Jun 12, 2021 03:52 am UTC| Economy Business

Four non-Japanese Toshiba Corp directors demanded a shake-up of its management and board after learning that the conglomerate colluded with the Japanese government to beat up foreign shareholders. A...

Finland's Ant Brew offers beer created with goose poop

Jun 11, 2021 18:44 pm UTC| Economy Science

Finnish Brewery Ant Brew is offering the Wasted Potential Imperial Stout, produced by using goose feces to smoke malt. The microbrewerys home city, Lahti, which was named the European Green Capital 2021, wanted to...

US lawmakers request additional $60 billion to support restaurants

Jun 11, 2021 17:31 pm UTC| Economy Business

A group of US legislators introduced a bill to inject $60 billion into the Restaurant Revitalization Fund (RRF), to accommodate over 200,000 applicants unable to receive relief during the first funding round. The...

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Economy

Trump Administration Targets Mortgage-Backed Securities to Ease Housing Affordability Crunch

The Trump administration has launched a new effort to support the U.S. housing market by stepping into mortgage-backed securities (MBS) purchases, aiming to counterbalance the Federal Reserves ongoing reduction of such...

G7 Finance Ministers to Meet in Washington on Critical Minerals Supply Chains

U.S. Treasury Secretary Scott Bessent has announced that Australia and several other countries will participate in a meeting of finance ministers from the Group of Seven (G7) advanced economies in Washington on Monday,...

Stocks Hit Record Highs as Jobs Data Supports Fed Rate Cut Outlook

Global stock markets surged to fresh record highs on Friday as investors reacted positively to a U.S. jobs report that showed slower-than-expected employment growth in December, reinforcing expectations that the Federal...

Wall Street Hits Record Highs as Jobs Data Signals Resilient U.S. Economy

U.S. stock markets finished at record levels on Friday as investors digested a mixed December jobs report that still pointed to underlying economic strength. The SP 500 closed at a fresh all-time high, reinforcing optimism...

U.S. Treasury Says It Can Handle Potential Tariff Refunds if Supreme Court Rules Against Trump

The U.S. Treasury has sufficient funds to cover any potential tariff refunds if the Supreme Court rules against President Donald Trumps use of emergency powers to impose broad tariffs, Treasury Secretary Scott Bessent said...

Politics

Russia Fires Oreshnik Hypersonic Missile Near NATO Border in Escalation of Ukraine War

Russia launched a powerful Oreshnik hypersonic missile overnight at a target in western Ukraine near the border with NATO-member Poland, sharply escalating tensions and raising alarm across Europe. Ukrainian officials and...

U.S. Seizes Olina Tanker as Crackdown on Venezuelan Oil Exports Intensifies

The United States has seized the oil tanker Olina in the Caribbean, marking the fifth vessel targeted in recent weeks as Washington escalates efforts to enforce sanctions and curb Venezuelan oil exports. U.S. officials...

Trump Warns Iran as Nationwide Protests Intensify and Internet Is Shut Down

U.S. President Donald Trump issued a fresh warning to Irans leadership as anti-government protests spread across the country and authorities imposed an internet blackout to suppress unrest. Videos circulating online showed...

New York Sues Trump Administration Over Offshore Wind Project Freeze Impacting Clean Energy Goals

New York Attorney General Letitia James has filed lawsuits against the Trump administration over its decision to suspend construction on two major offshore wind projects that the state says are critical to powering 1...

Trump Says U.S. Must Control Greenland to Counter Russia and China

U.S. President Donald Trump said on Friday that the United States needs to own Greenland in order to prevent Russia or China from potentially occupying the strategically important Arctic territory in the future. Speaking...

Science

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Technology

Supreme Court to Hear Cisco Appeal on Alien Tort Statute and Human Rights Liability

The U.S. Supreme Court has agreed to hear an appeal by Cisco Systems that could significantly reshape how American companies are held liable for alleged human rights abuses committed overseas. The case centers on the scope...

FCC Approves Expansion of SpaceX Starlink Network With 7,500 New Satellites

The U.S. Federal Communications Commission (FCC) has approved SpaceXs request to deploy an additional 7,500 second-generation Starlink satellites, marking a major step forward in the companys mission to expand global...

xAI Cash Burn Highlights the High Cost of Competing in Generative AI

Elon Musks artificial intelligence startup, xAI, is rapidly emerging as a major player in the generative AI race, but new reports highlight the enormous financial costs behind that ambition. According to Bloomberg News,...

Nvidia Appoints Former Google Executive Alison Wagonfeld as First Chief Marketing Officer

Nvidia (NASDAQ: NVDA) has taken a significant step in strengthening its leadership team by appointing a senior Google (NASDAQ: GOOGL) executive as its first-ever Chief Marketing Officer, signaling a strategic move as the...

EU Orders Elon Musk’s X to Preserve Grok AI Data Amid Probe Into Illegal Content

The European Commission has ordered Elon Musks social media platform X, formerly known as Twitter, to retain all internal documents and data related to its built-in artificial intelligence chatbot, Grok, until the end of...