By Clyde Russell LAUNCESTON, Australia (Reuters) – A consistent contradiction in Australia’s mining sector is that while there is a pressing need for new mines to be developed to provide raw materials for the energy transition, the capital to do so is hard to find. The relatively easy part is getting an exploration permit, doing …
Column-Can royalties help Australia’s critical minerals lift off?: Russell Read More »
By Martin Coulter LONDON (Reuters) – Google has pledged 25 million euros ($26.98 million) to help people in Europe learn to use artificial intelligence (AI). Announcing the funding on Monday, the tech giant said it had opened applications for social enterprises and nonprofits that could help reach those most likely to benefit from training. The …
Google pledges 25 million euros to boost AI skills in Europe Read More »
WASHINGTON (Reuters) -U.S. President Joe Biden on Sunday called on snack companies to stop shrinkflation, which is when businesses cut product sizes but keep prices the same, describing the practice as “a rip-off.” “Some companies are trying to pull a fast one by shrinking the products little by little and hoping you won’t notice,” Biden …
Biden calls on snack companies to stop ‘shrinkflation” rip-offs Read More »
By Melanie Burton MELBOURNE (Reuters) – Global mining giant Rio Tinto, which sparked outrage after destroying an ancient Indigenous site in Australia in 2020, faces new pressure from socially conscious investors and lenders, this time on water practices at two of its mines. A group representing UK pension funds, Local Authority Pension Fund Forum (LAPFF), …
Rio Tinto wrangles investors over water contamination claims Read More »
By Svea Herbst-Bayliss (Reuters) – Activist investor Engaged Capital has the backing of the founding family of VF Corp in its push for board seats and faster change at the struggling owner of the North Face, Vans and Timberland brands, one of the heirs told Reuters. Engaged Capital, which has a 1.3% stake in VF, …
Exclusive-Engaged Capital gains support of VF heirs to shake up North Face owner Read More »
By Anirban Sen (Reuters) -U.S. shale oil rivals Diamondback Energy and Endeavor Energy Resources are close to finalizing a roughly $25 billion cash-and-stock deal that would create an oil and gas company valued at more than $50 billion, sources said on Sunday. Diamondback could announce a transaction as soon as Monday that would give its …
Diamondback Energy, Endeavor Energy near $25 billion merger -sources Read More »
By Hyunjoo Jin and Abhirup Roy (Reuters) -A crowd vandalized and set fire to a Waymo self-driving car using a firework in San Francisco on Saturday, the Alphabet-owned company and authorities said, marking the latest public attack on such vehicles in the U.S. The incident began around 9 p.m. PST on Saturday (0500 GMT Sunday) …
Crowd sets Waymo self-driving vehicle ablaze in San Francisco Read More »
By Jody Godoy (Reuters) -A federal judge ordered Elon Musk to testify again in the U.S. Securities and Exchange Commission’s probe of his $44 billion takeover of Twitter, giving the regulator and the billionaire a week to agree on a date and location for the interview. U.S. Magistrate Judge Laurel Beeler’s order, issued on Saturday …
US judge orders Elon Musk to testify in SEC’s Twitter probe Read More »
By Maha El Dahan and Federico Maccioni DUBAI (Reuters) -The International Monetary Fund said on Sunday Middle East economies were lagging below growth projections due to oil production cuts and the Israel-Gaza conflict, even as the global economic outlook remained resilient. Despite uncertainties, “the global economy has been surprisingly resilient,” IMF managing director Kristalina Georgieva …
IMF’s Georgieva says Mideast growth to slow in 2024 on oil cuts, Gaza Read More »
(Reuters) -Tesla Inc has temporarily cut prices of some of its Model Y cars in the U.S. until Feb. 29, less than a month after the carmaker cut Model Y prices in Germany. Tesla reduced prices for its Model Y rear-wheel drive and Model Y Long Range by $1,000 to $42,990 and $47,990 respectively, representing …
Tesla temporarily slashes prices for some Model Y cars in the US Read More »
