Prices for wind and solar power in major global markets have climbed nearly 30 percent in a year as developers have struggled with chaotic supply chains and surging costs for everything from shipping to parts to labor, according to a report published on Wednesday. Contract prices for renewables jumped 28.5 percent in North America and […]
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Around 30 Taiwanese companies, many making electronics parts, said on Wednesday that government COVID-19 control measures in eastern China had led them to suspend production until at least next week, as disruption from the measures spreads. China has put Shanghai under a tight lockdown since late March and neighbouring Kunshan has also tightened curbs to […]
Taiwan’s premier has called for the swift passage of revisions to laws mandating tougher punishments to prevent China from stealing its chip technology, saying the threat from the “red supply chain” needed an effective deterrence. In February, Taiwan’s Cabinet proposed toughening the rules, amid rising concern in Taipei that Beijing, which claims the democratically ruled […]
Telecoms equipment maker Nokia is pulling out of the Russian market, its CEO told Reuters, going a step further than rival Ericsson, which said on Monday it was indefinitely suspending its business in the country. Hundreds of foreign companies are cutting ties with Russia following its Feb. 24 invasion of Ukraine and after Western sanctions […]
Japan’s Honda Motor Co Ltd said on Tuesday it plans to spend $64 billion on research and development over the next decade, laying out an ambitious target to roll out 30 electric vehicle models globally by 2030. Its goals also include producing some 2 million electric vehicles a year by 2030. The strategy marks a […]
Chinese battery giant Contemporary Amperex Technology has implemented a so-called “closed-loop management” system at its main factory to keep production going as the country battles an Omicron wave of the coronavirus. The southern Chinese city of Ningde, where CATL is headquartered, has tightened prevention and control efforts because of a spate of COVID-19 cases, the […]
Senior officials at the European Commission were targeted last year with spy software designed by an Israeli surveillance firm, according to two EU officials and documentation reviewed by Reuters. Among them was Didier Reynders, a senior Belgian statesman who has served as the European Justice Commissioner since 2019, according to one of the documents. At […]
Two of the world’s richest people are pitching in ideas to tackle the issue of homelessness, suggesting that Twitter Inc convert its headquarters to a shelter home. Amazon.com Inc founder Jeff Bezos on Sunday backed an idea put forth by Elon Musk, who recently became Twitter’s largest shareholder, to convert the social networking firm’s San […]
U.S. House and Senate lawmakers said Thursday they have chosen negotiators to hammer out a deal on a bill to provide $52 billion in government subsidies for semiconductor production after months of discussion. House Speaker Nancy Pelosi, a Democrat, and Republican House Leader Kevin McCarthy named about 80 House lawmakers including the chairs and top […]
Canada will offer a substantial incentive to companies that invest in carbon-capture technologies and will set aside as much as C$3.8 billion ($3 billion) over eight years to accelerate critical mineral exploration, extraction and processing as it seeks to cut carbon emissions. In this year’s budget presented on Thursday, Canada is introducing a 60 percent […]