A federal judge in Boston has issued a ruling stating that American Airlines [AAL:US] and JetBlue Airways [JBLU:US] must terminate their partnership in the northeast United States within 30 days, as the government proved the deal reduces competition in the airline industry, as reported by Reuters on...
Meta [META:US], the parent company of Facebook [FB:US], has been hit with a historic EUR1.2bn (USD1.3bn) fine by the Data Protection Commissioner (DPC) in Ireland, the leading privacy regulator in the European Union. The fine was imposed due to Meta's mishandling of user data and...
Nippon Telegraph and Telephone Corp (NTT) [9432:JP] and JERA, Japan’s largest power generation company, have reached an agreement to jointly purchase a 99% stake in Green Power Investment (GPI), a Tokyo-based renewable energy firm, for approximately JPY300bn (USD2.18bn), as reported by Nikkei Asia on May...
The North Sea Transition Authority (NSTA), which oversees the exploration and development of the UK’s oil and gas resources, has granted 20 licenses to 12 companies for developing offshore carbon dioxide (CO2) storage, as reported by the Financial Times on May 19. This marks the...
The G7 nations have reaffirmed their commitment to achieving a highly decarbonized road sector by 2030 and net-zero emissions on roads by 2050, as reported by Reuters on May 20. They outlined various actions, including policies to promote the widespread adoption of zero-emission vehicles, aiming...
California's electric grid operator has given the green light to a USD7.3bn plan for 45 power transmission projects to be implemented over the next ten years, facilitating the connection of new power plants in high-priority regions to the grid, as reported by Reuters on May...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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