2023-05-18

18 May Australia to Boost Capacity for Offshore Carbon Capture and Storage

Posted at 11:54 by Jordy Leo

Australia plans to scale up its capability for offshore carbon capture and storage (CCS) and seek public opinions on a new round of greenhouse gas storage areas, as reported by Reuters on May 16. Madeline King, Australian Resources Minister, announced at an industry conference that there...

18 May Microsoft Wins EU Antitrust Approval for USD69bn Acquisition of Blizzard

Posted at 11:51 by Jordy Leo

Microsoft [MSFT:US] has received antitrust approval from the European Commission for its proposed USD69bn acquisition of gaming giant Activision Blizzard [ATVI:US], as reported by CNBC on May 15. This approval comes despite the UK’s last month decision to block the deal. The European Commission acknowledged...

18 May Toyota Admits Vehicle Data Leak of Two Million Users in Japan

Posted at 09:45 by Jordy Leo

Toyota Motor [7203:JP] disclosed that the vehicle data of 2.15 million users in Japan had been publicly available for a decade from November 2013 to mid-April 2023, due to human error, as reported by Reuters on May 12. According to the company, the leaked data...

18 May Tesla Sued in the US over Software Updates That Decrease Battery Life

Posted at 09:42 by Jordy Leo

A group of Tesla [TSLA:US] Model S and Model X owners has filed a class-action lawsuit against the electric vehicle (EV) maker in a district court in San Francisco, California, as reported by Reuters on May 12. The lawsuit alleges that Tesla's automatic software updates have...

17 May EU Set to Increase Renewable Energy Target to 42.5% by 2030 to Combat Climate Change

Posted at 09:50 by Tracy Liu

The European Union (EU) is on the verge of finalizing a new renewable energy target that aims to achieve 42.5% of the bloc's energy from renewable sources by 2030, as reported by Reuters on May 15. This target is a significant increase from the previous...

17 May Italy’s Antitrust Regulator Opens Competition Probe into Apple

Posted at 09:47 by Jordy Leo

Italian antitrust watchdog AGCM has launched a probe into Apple [AAPL:US] over alleged abuse of its dominant position in the apps market, as reported by Reuters on May 11. AGCM accused Apple of imposing "a more restrictive privacy policy" on third-party app developers than the one applied to...

17 May EU Countries Support Ban on Destruction of Unsold Clothing

Posted at 09:45 by Jordy Leo

European Union (EU) member states have supported a proposal that will ban the destruction of unsold clothing, as reported by Financial Times on May 13. According to the draft, EU states backed a specific ban on the destruction of “apparel or clothing accessories.” The proposal also includes...

17 May Vietnam Approves Power Plan Requiring USD134.7bn for Transition to Carbon Neutrality

Posted at 09:44 by Tracy Liu

Vietnam's prime minister has given approval to a power plan, known as PDP8, that aims to secure energy for the country while transitioning from coal to carbon neutrality by 2050, as reported by Reuters on May 15. The plan requires USD134.7bn of funding for new...

16 May Coal-Fired Power Capacity in the U.S. to Decline by Over Half by 2050, says EIA

Posted at 09:42 by Tracy Liu

According to the U.S. Energy Information Administration (EIA), coal-fired power plants in the United States will experience a capacity decline of over 50% from 2022 levels by 2050, due to the rising costs of complying with environmental regulations and the displacement of older coal plants...

16 May Japan Designates Five Offshore Sites for Wind Farm Development

Posted at 09:41 by Tracy Liu

The Japanese government announced the selection of five sites off the coast of Hokkaido as "promising zones" for developing offshore wind farms, which is the second phase of a three-stage selection process, as reported by Reuters on May 12. Japan is aiming to accelerate the...

16 May US Energy Department to Lend USD362m to California Startup CelLink for Manufacturing Facility

Posted at 09:38 by Tracy Liu

The Energy Department of the United States has announced that it plans to lend USD362m to CelLink, a California-based startup, to support the construction of a manufacturing facility in Georgetown, Texas, as reported by Reuters on May 12. The loan, which is conditional, is from...

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