Business

Biden plans executive order after semiconductor crunch

The Biden administration is assessing immediate steps to address the semiconductor shortage and plans an executive order to shore up critical supply chain items, a White House spokeswoman said Thursday.

Energy & Green Tech

Coal reaching 'tipping point' vs renewables: analysis

Renewable energy such as wind and solar projects are already cheaper to build than it is to continue operating 40 percent of the world's existing coal fleet, according to analysis released Tuesday.

Business

Hopes for 'historic' global corporate tax deal as G7 meets

Finance ministers from wealthy G7 nations are on Saturday expected to announce support for a minimum global level of corporate tax, aimed at getting multinationals—especially tech giants—to pay more into government coffers ...

Energy & Green Tech

Renewables booming but not enough to meet climate targets: UN

The world added 12 percent more clean power capacity in 2019 than the year before, but new renewable energy planned over the next decade falls far short of what is needed to forestall dangerous global warming, the UN warned ...

Business

France puts 5G mobile frequencies on the block

France on Tuesday began to auction off radio frequencies for the deployment of ultrafast 5G mobile technology, a process that will add billions of euros to the government's depleted coffers.

US banks set aside billions as buffer against bad loans

Three major US banks have set aside an additional $23 billion as a backstop against bad loans, highlighting the brittle state of the US economy due to the coronavirus pandemic, the companies said Tuesday.

Business

China's trade rises as economy recovers from virus slump

China's trade improved in June in a fresh sign the world's second-largest economy is recovering from the coronavirus pandemic. But its exporters face threats including tension with Washington and a possible downturn in U.S. ...

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