LOS ANGELES (Reuters) – California’s record wildfires pose a problem for the state’s plan to use its forests to help offset climate-warming emissions.
It is unclear how much California’s plan for becoming carbon-neutral by 2045 depends on its forests. But as climate change fuels increasingly frequent and intense blazes, any plan that relies on keeping forests healthy could be frustrated.
California’s climate-change agenda is among the most ambitious in the United States, but thanks to wildfires, forests are “part of the problem, not part of the solution,” Edie Chang, a deputy executive director at the California Air Resources Board (CARB), told Reuters.
With global efforts to cut the use of fossil fuels falling short of what is needed to avoid the worst effects of climate change, scientists believe capturing climate pollution already emitted will be necessary to limit warming. Maintaining the health of forests, which suck up and store carbon,
LONDON (Reuters) – British airline easyJet warned on Thursday its first ever annual loss could be as much as 845 million pounds ($1.1 billion) as the pandemic meant it was flying just 25% of planned capacity.
The airline has signalled to the government it may need more financial support, according to media reports.
The headline loss before tax forecast for the year ended Sept. 30 of 815-845 million pounds was worse than the loss of 794 million expected by analysts, Refinitiv Eikon data showed.
That is the first time easyJet, which was founded in 1995, has ever made a full-year loss.
With travel at very low levels, most European airlines are bleeding cash. EasyJet’s larger low-cost rival Ryanair has called this winter a “write-off”.
(Reuters) – Tesla co-founder J.B. Straubel wants to build his startup Redwood Materials into the world’s top battery recycling company and one of the largest battery materials companies, he said at a technology conference Wednesday.
Straubel aims to leverage two partnerships, one with Panasonic Corp, the Japanese battery manufacturer that is teamed with Tesla at the Nevada gigafactory, and one announced weeks ago with e-commerce giant Amazon.
With production of electric vehicles and batteries about to explode, Straubel says his ultimate goal is to “make a material impact on sustainability, at an industrial scale.”
Established in early 2017, Redwood this year will recycle more than 1 gigawatt-hours’ worth of battery scrap materials from the gigafactory — enough to power more than 100 Tesla cars.
That is a fraction of the half-million vehicles Tesla expects to build this year. At the company’s Battery Day in late September, Chief
Iranian media has claimed that the country is one of the world leaders in radar technology and Brig.-Gen. Ali Hajizadeh of the Islamic Revolutionary Guard Corps (IRGC) said that new systems installed in Yazd province illustrate the country’s capabilities.Iran’s boasts of its increased radar prowess are aimed at the US, Israel and other nations and it is also looking to export its technology to allies in Syria, possibly Iraq, and elsewhere.“These radars can detect up to a range of 350 km. and, depending on the altitude, up to 1,000 km,” a report said.Tehran has combined its new radars, at the service of the IRGC Aerospace Force with those of the Iranian army, overlapping coverage to achieve military excellence in the field, an article argued.“Islamic Iran is definitely among the top ten countries,” Tasnim News said. The country intends to put in place new radar stations at Chabahar and other areas
The Zacks Computer – Services industry is benefiting from robust demand environment for multi cloud-enabled software solutions for remote working, including online education portals, cloud-gaming and other platforms. Also, increasing adoption of digital transformative techniques in healthcare and financial services remains the silver lining for these industry participants.
CGI Group, Inc. (GIB), ManTech International (MANT), and WidePoint Corporation (WYY) are well positioned to benefit from the above-mentioned positives. Growing adoption of cyber security solutions, stringent regulatory requirements, digital healthcare and the need for business automation solutions should continue to drive the industry’s growth.
The Zacks Computer – Services industry primarily comprises companies that offer cloud and software-based solutions. Their offerings include national security solutions, business support solutions, and systems engineering as well as software application development solutions.
The industry participants cater to varied end markets and customers including intelligence, defense, U.S. government agencies, communications, banking, financial services, insurance,
On October 6, Instagram hosted a virtual conference to celebrate the app’s 10th anniversary and discuss new features, trends, and usage tips.
Adam Mosseri, the head of Instagram, outlined the six main ways that creators make money through Instagram, including brand partnerships, affiliate marketing, and ad revenue.
He also touched on how Instagram wants to improve monetization moving forward.
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Instagram hosted on Tuesday a digital convention to mark the app’s 10th anniversary and look forward to what’s next.
The event was held on Zoom and kicked off with a conversation between Adam Mosseri, the head of Instagram, and content creator Lilly Singh. After the two shared questions and talking points about some of Instagram’s newest features, trends, and areas for improvement (like fake engagement and cyber-bullying), the audience asked Mosseri questions.
“Do you plan on sharing ad revenue or any other revenue
On Oct 6, in a sudden turn of the event, President Donald Trump abruptly halted the ongoing negotiation between the Republicans and Democrats on the second round of fiscal stimulus. This unnerved market participants and stock markets immediately turned red from the positive zone.
The Dow, the S&P 500 and the Nasdaq Composite — lost 1.3%, 1.4% and 1.6%, respectively, despite the fact that all these indexes were in the green just before Trump’s tweet. Investors remained highly concerned about the pace of the U.S. economic recovery.
Notably, the first trench of the fiscal stimulus — known as CARES Act — ended in July. Despite two months of prolonged negotiations, the U.S. Congress failed to reach an amicable solution related to the size and scope of a fresh round of coronavirus-aid.
Moreover, one of the primary reasons for Wall Street’s sharp downturn in September after a five-month-long rally is the
With House Energy and Commerce ranking member Greg Walden (R-Ore.) retiring at the end of the year, the race is on to determine the next Republican leader for a committee that oversees much of the tech industry’s most-pressing policy issues.
“Energy and Commerce is a critical committee that helps to develop and road test important policies impacting the tech and telecom sectors — two industries at the forefront of the American economy and world,” said John Murray, a partner at Momentum Advocacy and former deputy chief of staff to Rep. Eric Cantor (R-Va.) when he served as House majority leader.
In interviews with Morning Consult, each of the three candidates for the position — Reps. Michael Burgess of Texas, Bob Latta of Ohio and Cathy McMorris Rodgers of Washington — point to their years of experience as either leaders on multiple Energy and
NEW DELHI (Reuters) – India on Tuesday said it was approving incentives under a federal plan to boost domestic smartphone production to 16 companies, including top Apple suppliers Foxconn, Wistron and Pegatron.
India’s smartphone industry has become a showpiece for Prime Minister Narendra Modi’s “Make In India” drive. The $6.65 billion incentive scheme is part of the government’s aim to make the country into an export and manufacturing hub.
The companies have to invest to tap into the scheme. The government did not disclose what investment Foxconn, Wistron and Pegatron, which is yet to start Indian operations, will make.
Two sources previously told Reuters these three companies plan to invest a total of almost $900 million in India in the next five years to benefit from the scheme.
Samsung, which runs the world’s biggest mobile phone manufacturing plant on the outskirts of New Delhi, also got approval, India’s tech ministry