Energy & Green Tech

Who pays and who benefits from a massive expansion of solar power?

Electricity generation produces a quarter of U.S. greenhouse gas emissions that drive climate change. The electric grid also is highly vulnerable to climate change effects, such as more frequent and severe droughts, hurricanes ...

Business

China's Alibaba promises $15.5B for development initiatives

E-commerce giant Alibaba Group said Friday it will spend $15.5 billion to support President Xi Jinping's campaign to spread China's prosperity more evenly, adding to pledges by tech companies that are under pressure to pay ...

Business

Disney streaming booms as theaters grapple with pandemic

US entertainment giant Disney said Thursday its online streaming services have boomed while it grapples with how to release films as the Delta coronavirus variant drives viewers from movie theaters.

Automotive

Toyota net profit hits Q1 record but forecast unchanged

Toyota's net profit soared more than fivefold in the first quarter as strong sales were fuelled by the recovery from the coronavirus crisis, but the firm left its annual forecast unchanged Wednesday citing "uncertainties" ...

Engineering

The multilayered challenges of broadband expansion

In the Biden Administration's proposal to invest in the country's infrastructure, $100 billion is carved out to address gaps in broadband access. According to the Federal Communications Commission, at least 19 million Americans ...

Business

Musk, Bezos, other billionaires avoid US income taxes: report

Several of the richest Americans have paid zero income tax in some years, according to an investigative report Tuesday that comes as Washington weighs new proposals to address tax avoidance by the wealthiest individuals and ...

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Income

Income is the consumption and savings opportunity gained by an entity within a specified time frame, which is generally expressed in monetary terms. However, for households and individuals, "income is the sum of all the wages, salaries, profits, interests payments, rents and other forms of earnings received... in a given period of time." For firms, income generally refers to net-profit: what remains of revenue after expenses have been subtracted. In the field of public economics, it may refer to the accumulation of both monetary and non-monetary consumption ability, the former being used as a proxy for total income.

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