International Finance Corp (IFC), a World Bank affiliate, told Reuters on Wednesday it is backing a blockchain-enabled platform to trade carbon offsets, aiming to attract more support from institutional investors for climate-friendly projects in emerging markets. It is a bet that using blockchain – a digital database with information that can be publicly shared within […]
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The Inflation Reduction Act (IRA) includes the “largest investment ever in combating the existential crisis of climate change”, according to President Joe Biden, who will sign the bill into law later on Tuesday. Around $369 billion of federal funds will flow into climate change and energy security, boosting domestic capacity to produce wind turbines, solar […]
Cloud and data centers, the chip industry’s strongest sector, may be its next problem: Signs are showing growth could slow in what has been a pillar during the COVID era as consumers signed up for cloud-based entertainment and companies retooled their offices. Analysts say the cloud market has rarely had to weather a prolonged economic […]
China’s top internet watchdog said on Friday tech giants such as Tencent Holdings and Alibaba Group have submitted details of algorithms used in some of their products, complying with a drive by authorities to tighten oversight of platform algorithms. The rules are part of a broad regulatory crackdown by Beijing against its once free-wheeling technology […]
The United States on Friday adopted new export controls on technologies that support the production of advanced semiconductors and gas turbine engines that it said are critical to its national security. The “emerging and foundational technologies” covered by the move include gallium oxide and diamond, because “devices that utilize these materials have significantly increased military […]
Australian swimmer Jessica Smith has had an uneasy relationship with prosthetics since a childhood accident, but her convictions are being challenged by a British bionic hand that can be updated remotely anywhere in the world. The 2004 Athens Paralympian was born without a left hand. Her parents were advised to fit a prosthesis to help […]
African e-commerce firm Jumia Technologies said on Wednesday it was past peak losses and would focus on promotions, marketing and cost cutting in its quest towards profitability, driving its shares up 16 percent despite a wider quarterly loss. Jumia is an online marketplace for vendors and food sellers, with associated services including logistics and payments. […]
Google has grave reservations about developing a self-regulatory body in India for the social media sector to hear user complaints, though the proposal has support from Facebook and Twitter, sources with knowledge of the discussions told Reuters. India in June proposed appointing a government panel to hear complaints from users about content moderation decisions, but […]
The U.S. Federal Communications Commission rejected broadband subsidies for SpaceX’s Starlink and LTD bands applications for more than $2 billion in internet service subsidies, the FCC said on Wednesday. In December 2020, the FCC tentatively awarded $9.2 billion to over 300 bidders to deploy high-speed broadband from the Rural Digital Opportunity Fund. LTD Broadband won […]
Tesla Inc Chief Executive Officer Elon Musk sells Tesla stock with $6.9 billion worth of shares in the electric vehicle maker, saying the funds could be used to finance a potential Twitter deal if he loses a legal battle with the social media platform. “In the (hopefully unlikely) event that Twitter forces this deal to […]