26/07/2022

Business

Microsoft blames economic woes for missing profit targets

Microsoft on Tuesday reported fiscal fourth-quarter profit of $16.7 billion, or $2.23 per share, falling short of analyst expectations for $2.29 per share—a rare disappointment from the tech giant that has consistently ...

Business

Lufthansa to cancel nearly all German flights Wednesday

German national carrier Lufthansa said it would have to cancel almost all flights at its domestic hubs in Frankfurt and Munich on Wednesday because of a planned strike by ground crew, adding to a summer of travel chaos across ...

Business

Korean firm's $22B investment will mean new US jobs, WH says

South Korea's SK Group on Tuesday announced plans to invest $22 billion in the United States on industries including semiconductors, green energy and bioscience, which the White House said will create tens of thousands of ...

Energy & Green Tech

Emerging technology could help extract lithium from new sources

As more drivers adopt plug-in hybrid and electric vehicles, the demand for lithium-ion batteries will continue to explode over the next decade. But processes for extracting lithium can be time-consuming and chemical-intensive, ...

Electronics & Semiconductors

Bill to boost semiconductor industry passes key Senate test

The Senate on Tuesday advanced a $280 billion bill designed to boost the semiconductor industry in the United States and to accelerate high tech research that backers say will be critical to the economy in future decades.

Automotive

Energy Dept. backs $2.5B loan to GM venture for EV batteries

A joint venture between General Motors and South Korean battery company LG Energy Solution is set to receive a $2.5 billion loan from the Energy Department to build battery cell factories for electric vehicles in three states.

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