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World’s Top Miners Need More Ambition To Meet Climate Targets
World’s Top Miners Need More Ambition To Meet Climate Targets
The world’s biggest miners including BHP Group Ltd. and Rio Tinto Group will face growing pressure from investors
2023-10-11 22:18
Caroline Ellison describes
Caroline Ellison describes "constant dread" over crypto downturn at Bankman-Fried trial
By Jody Godoy and Luc Cohen NEW YORK (Reuters) -Caroline Ellison, the former co-head of Sam Bankman-Fried's hedge fund, testified
2023-10-11 22:18
European gamers prepare for World Championships at Nintendo Live
European gamers prepare for World Championships at Nintendo Live
KaiZer will be among the competitors at Nintendo Live 2024 in Tokyo, Japan.
2023-10-11 21:28
Ebay faces $2 billion fine for ‘rolling coal’ sales
Ebay faces $2 billion fine for ‘rolling coal’ sales
Ebay is facing a fine of nearly $2 billion for allegedly enabling the sale of ‘rolling coal’ devices and other deliberately polluting equipment that violates environmental laws. The US Department of Justice alleges that the online retailer sold more than 343,000 so-called defeat devices in violation of the Clean Air Act, with each sale the subject of a $5,580 fine. Rolling coal has become a form of anti-environmentalism protest in the United States, involving the modification of a diesel engine in order to emit black clouds of sooty exhaust fumes. Online video compilations show drivers of pickup trucks deliberately rolling coal as they pass cyclists and electric vehicles. Until recently, the devices required to perform it were relatively easy to find through online retailers, costing between $200-500. The Justice Department wrote in its complaint, which was filed on behalf of the Environmental Protection Agency (EPA) in a federal court in New York, that the rolling coal devices “defeat motor vehicle emission controls” set out in the Clean Air Act. “Aftermarket defeat devices significantly increase pollution emissions – including carbon monoxide, nitrogen oxides, particulate matter and nonmethane hydrocarbons – that harm public health,” the complaint stated. The EPA criminalised the practice, which appears to be mainly confined to the US, in 2014, with some states warning of fines of up to $5,000 for anyone caught doing it. Several companies who sell coal rolling equipment have already been forced to pay fines of up to $1 million for breaking the law. “Our nation’s environmental laws protect public health and the environment by prohibiting the unlawful sales of defeat devices; unregistered, misbranded and restricted use pesticides; and unsafe products containing toxic chemicals,” David Uhlmann from the EPA’s Office of Enforcement and Compliance Assurance said following the Justice Department’s latest action against eBay. “The complaint filed demonstrates that EPA will hold online retailers responsible for the unlawful sale of products on their websites that can harm consumers and the environment.” Ebay described the lawsuit as “entirely unprecedented”, claiming that sales of such devices were banned and that it was actively policing its site against their sale. “Maintaining a safe and trusted marketplace for our global community of sellers and buyers is a fundamental principle of our business,” the company said. “Indeed, eBay is blocking and removing more than 99.9 per cent of the listings for the products cited by the DOJ, including millions of listings each year.” Read More World’s first solar powered hybrid truck tested on public roads Why is Elon Musk obsessed with the letter X? How Elon Musk’s Twitter became a haven for fake news and misinformation Viral WhatsApp warning of cyberattack targeting Jewish people is fake
2023-10-11 21:20
Sony plans to launch a sleeker PlayStation 5
Sony plans to launch a sleeker PlayStation 5
Sony is set to launch a sleeker version of the PlayStation 5 console.
2023-10-11 21:17
EU Floats New Option to Bridge French-German Divide on Nuclear
EU Floats New Option to Bridge French-German Divide on Nuclear
The European Union is running out of time to break a stalemate between France and Germany about nuclear’s
2023-10-11 20:22
Europe Dominates Climate Fund Investing
Europe Dominates Climate Fund Investing
It turns out the market for environmental-related investment funds is really small in the US, relative to Europe
2023-10-11 19:23
Weight-Loss Drugs Have Finally Arrived. Why the Impact on Stocks Is Just Starting.
Weight-Loss Drugs Have Finally Arrived. Why the Impact on Stocks Is Just Starting.
Birkenstock set to begin trading after $1.5 billion IPO, Fed officials double down on the 2% inflation target, and other news to start your day.
2023-10-11 18:52
Google is about to ditch passwords forever
Google is about to ditch passwords forever
Google has announced that its apps and services will now be “passwordless by default” in an effort to make all users switch to passkeys. The move is part of a broader consensus among the tech industry to ditch passwords, which have been around since the 1960s, and switch to a safer and more efficient format to verify a person’s identity. Passkeys combine a code with biometric information like a fingerprint or facial recognition, making them easier to remember and harder to be stolen. Google apps like YouTube, Search and Maps all support the new format after it was first introduced earlier this year, though take up has been slower than expected. The tech giant said the push to get users to adopt passkeys coincided with Cybersecurity Awareness Month, claiming that the new technology is faster and more secure. “They are 40 per cent faster than passwords – and rely on a type of cryptography that makes them more secure,” Google product managers Sriram Karra and Christiaan Brand wrote in a blog post explaining the move. “We’ll continue encouraging the industry to make the pivot to passkeys – making passwords a rarity, and eventually obsolete.” Google users who do not already use passkeys will receive a prompt to set one up the next time they sign into their account. Passkeys have already been enabled by other online platforms, including eBay and Uber, as the tech industry looks to completely transition away from traditional passwords. “We’ve seen great results from launching passkeys across our apps and encourage all users to adopt passkeys,” said Ramsin Betyyousef, a senior director of engineering at Uber. “Ultimately this is a win-win for Uber and Uber’s customers.” Google, which counts billions of users across all of its platforms, acknowledged that “new technologies take time to catch on”, and have therefore given people the option to temporarily opt out of passkeys and use passwords wherever possible. The company did not set a date for when passwords will be phased out entirely, but some security experts contend that their death is inevitable while hackers continue to exploit their vulnerability. Helping implement the transition is the FIDO (Fast Identity Online) Alliance, which has been working with Apple, Google, Microsoft and hundreds of tech companies to develop the new login standard. “The complete shift to a passwordless world will begin with consumers making it a natural part of their lives,” said Alex Simons, who heads Microsof’s Identity Program Management team. “By working together as a community across platforms, we can at last achieve this vision and make significant progress toward eliminating passwords.” Read More Pixel 8: Google unveils ‘AI-centred’ iPhone rival Google to trial AI in UK traffic light systems to reduce stop-and-go emissions Pixel 8: Google unveils DeepMind-powered iPhone rival China’s discovery of never-before-seen ore could propel battery technology
2023-10-11 18:21
World Bank’s New Chief Says Institution Must Be Bigger, Better
World Bank’s New Chief Says Institution Must Be Bigger, Better
Ajay Banga, the World Bank’s new president, said the lender must become bigger as well as better at
2023-10-11 17:58
Polestar Is Raising $1 Billion. Why the EV Stock Is Falling.
Polestar Is Raising $1 Billion. Why the EV Stock Is Falling.
The company said it would raise the funds through a variety of methods, including share sales in a filing with the Securities and Exchange Commission late Tuesday.
2023-10-11 17:18
These Stocks Are Moving the Most Today: HP Inc., Silk Road Medical, Walgreens, Fresenius Medical, Birkenstock, and More
These Stocks Are Moving the Most Today: HP Inc., Silk Road Medical, Walgreens, Fresenius Medical, Birkenstock, and More
HP Inc. is increasing its annual dividend by 5%, Silk Road Medical reduces full-year revenue guidance, and Birkenstock makes its trading debut Wednesday.
2023-10-11 16:56
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