(Bloomberg) — With road transportation accounting for about 15% of greenhouse gas emissions, it’s hard to see how the world will reach its net zero climate goals unless people give up their gasoline and diesel cars. For many years, governments offered generous subsidies to encourage drivers to switch to electric vehicles. As prices fell and…
Sept. 27 (UPI) — The newest nuclear-powered submarine in China’s fleet sank in spring while docked at a pier but Chinese government officials have taken steps to cover it up, according to U.S. officials. The sinking allegedly took place near the Chinese city of Wuhan around late May or early June. The attack submarine was…
(Bloomberg) — South Korean battery producer SK On Co. is offering employees voluntary measures meant to shrink its workforce, as the industry grapples with electric vehicle sales’ slowdown. The package includes options for early retirement or unpaid leave to pursue a degree — with fees subsidized 50% by the company — SK On said in…
An Amazon Web Services data center in Stone Ridge, Virginia, US, on Sunday, July 28, 2024. Nathan Howard | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like…
China issued the third and what’s likely to be the final batch of fuel export quota for this year, keeping the level very similar to 2023 in a sign it doesn’t want to encourage refiners to boost activity. Seven refiners and traders received permission to export 8 million tons of gasoline, diesel and jet fuel…
The Microsoft founder is ramping up his investments in nuclear power. Halil Sagirkaya/Anadolu via Getty Images Despite the decades-long efforts of scientists around the world, the commercialization of nuclear fusion technology has not yet been achieved on Earth. However, Bill Gates, who has invested significantly in both nuclear fission and fusion startups, is betting on…