Hyundai Heavy leads development of under ocean carbon dioxide storage platform
Aug 31, 2021 21:36 pm UTC| Economy Business
Hyundai Heavy Industries Group has developed with the state-run Korea National Oil Corp. (KNOC) an offshore platform to store carbon dioxide under the ocean floor. DNV, a Norwegian ship quality assurance and risk...
Google tops EU lobbying spending at 5.75 million euros, followed by Facebook, Microsoft
Aug 31, 2021 21:20 pm UTC| Economy Business
Google, Facebook Inc, and Microsoft Corp were found to be the three biggest lobbying spenders in Europe to counter laws aimed at curbing the power of tech giants. Google topped spending at 5.75 million euros, followed...
Zoom posts first billion-dollar revenue quarter, but easing of demand sends shares down 11%
Aug 31, 2021 20:54 pm UTC| Economy Business
Zoom Video Communications Inc posted its first billion-dollar revenue quarter but a faster-than-expected easing in demand for its service sent its shares tumbling 11 percent. On Monday, Zoom forecast its third-quarter...
Amazon asks Indian regulator to withdraw approval of $3.4 billion Future-Reliance asset sale
Aug 31, 2021 20:05 pm UTC| Law Economy
Amazon.com Inc has asked the Securities and Exchange Board of India (SEBI) to order withdrawal of conditional approval given to Future Groups $3.4 billion retail assets sale, citing a US Supreme Court ruling. Amazon...
South African central bank governor says crypto fails to meet currency standards
Aug 31, 2021 19:24 pm UTC| Digital Currency Economy
South African Reserve Bank (SARB) governor Lesetja Kganyago reiterated the central banks longstanding belief that cryptocurrencies, which he calls crypto-assets, fail to meet the standard of what constitutes a...
Globalstar shares soar 60% on report that iPhone 13 will use its satellites
Aug 31, 2021 19:05 pm UTC| Technology Economy
Shares of satellite services provider Globalstar soared more than 60 percent Monday due to a report that the next iPhone will have satellite communications capabilities. According to the report, TFI International...
Coinbase's erroneous account security notification alarms 125,000 customers
Aug 31, 2021 18:50 pm UTC| Digital Currency Economy
Coinbase caused confusion and alarm among 125,000 customers after it erroneously sent notifications that their security settings had changed. The notification said that the 2-step verification settings have been...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects