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Saturday, Nov 27, 2021
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Musk Rails Against State Aid as Tesla Pulls Application for $1.28 Bln in Subsidies for Berlin Plant
Back in January, the European Union approved a plan that would grant several companies, including Tesla Inc. and BMW AG, a total of €2.9 billion ($3.5 billion) in state aid for battery projects that would strengthen the 27-nation bloc's ...
Adele: 30 becomes 2021's fastest-selling album despite sales drop
Adele's 30 has shot to number one, overtaking Abba to become the fastest-selling album of the year so far.
Biden Says Not Concerned About US Stock Market Plunge as He 'Expected It'
US President Joe Biden said on Friday that he is not concerned about the plunge in the US stock market and he had expected it over concerns related to the new Omicron coronavirus variant.
Autonomous "Robotaxis" Debut On China Streets
Beijing this week approved its first autonomous taxis for commercial use, bringing dozens of the so-called "robotaxis" to the streets of the Chinese capital.
US Crude Released by Biden From Reserves Will Likely Be Snapped Up By China, India, Claim Traders
US President Joe Biden has announced the release of 50 million barrels of oil from the Strategic Petroleum Reserve (SPR) on 23 November in a concerted effort with other major energy-consuming nations, including China, India, Japan, South...
Two more energy firms power down as taxpayer keeps lights on at Bulb
The industry regulator confirms two more suppliers have left the market - taking the total number of firms to collapse since the start of September to 24.
Israeli Spyware Firm Behind Pegasus Faces Risk of Default After US Blacklisting
In early November, Israeli spyware company NSO Group, which is behind "Pegasus," was sanctioned by the United States over its alleged involvement in activities that pose a threat to American national security.
Boris Johnson to shake up business advisory council amid backlash at CBI speech
Downing Street officials have started working on an overhaul of the Build Back Better Council, which advises Boris Johnson on a range of economic and business issues, Sky News learns.
Bitcoin Paternity Test: Scientists Fight in Court for Title of Cryptocurrency's Inventor - Report
One of the main features of the fully decentralised payment system is that its creator, or group of creators, remains incognito to this day, despite countless attempts by the media to identify the creator of the most expensive cryptocurr...
China gives first real reaction to Dimon gaffes but will there be a backlash?
Sky's Ian King explains why the world's most influential banker has cause to be embarrassed and asks if the world's second-largest economy is likely to respond.
Jordan Peterson Reveals He Bought Bitcoin, Blasts Rising Inflation
According to media reports, the Canadian psychologist has increased his net worth, which is now estimated to be $7 million. However, the majority of his fortune has not come from cryptocurrency, but from royalties from his books.
Climate change: UK government oil and gas subsidies hit £13.6bn since Paris Agreement, campaigners say
Tax breaks for decommissioning oil and gas infrastructure in the North Sea are being challenged in the High Court in December by campaigners, backed by groups linked with Paid to Pollute.
Free market didn’t work: How a major business boss admitted the failure of capitalism
‘Capitalism has failed’ was the essence of Confederation of British Industry Director General Tony Danker’s message to its annual conference – presumably motivated by being on the right side of history.
Cosmetic surgery adverts targeting teenagers to be banned from next year
The new rules mean companies will not be able to advertise procedures that are designed to change a person's physical appearance - including breast augmentation, or reduction, "tummy tucks", eyelid surgery, nose reshaping, or facelifts.
Man Keeps a Rock For Years, Hoping It's Gold. It Turned Out to Be Far More Valuable
In 2015, David Hole was prospecting in Maryborough Regional Park near Melbourne, Australia. Armed with a metal detector, he discovered something out of the ordinary – a very heavy, reddish rock resting in some yellow clay.
Turkey in danger of 'inflationary doom loop' as Erdogan defies laws of economics
Sky's Ian King explains what is behind the collapse in value of the Turkish lira and warns things may get worse for households in the country as the cost of living surges.
Wine up 15% in a day, chicken by 10%. The price Turks are paying for country's currency collapse
Inflation is rampaging across Turkey's economy as the country's president continues a policy of interest rate cuts but Sky's producer in Istanbul still finds support for the unusual move on the ground.
Airline's 'mystery flights' for £57 where you don't know the destination
IF you can't decide where to go on holiday, an airline has taken the choice out of your hands with mystery flights.
Russia demands foreign tech companies open offices in the country or face sanctions
The demand listed Apple, Google, Facebook, Twitter and TikTok among the companies being targeted - and some of them already have Russian offices.
Protests in Turkey's cities after lira plunges to new historic low
The Turkish lira has dropped 40 per cent in value since the start of the year, shedding as much as 15 per cent on Tuesday alone.
Plan to ban most cryptocurrencies in India sparks selling frenzy
India will allow only certain cryptocurrencies to promote the underlying technology and its uses, a move that has sparked heavy selling.
Chocolate, the billion euro industry that tastes good and does good
The cocoa industry is big business, worth billions of euros every year. But is our love for chocolate good for the planet and farmers? We look at how the sector is trying to be more sustainable, fair and teach consumers to be more respon...
Aviation industry focuses on sustainability and innovation at Dubai Airshow
Dubai Airshow is the largest aerospace event to be held since the pandemic. Discover how the industry is recovering and how technology is pushing it towards a more sustainable future.
France denies talks to buy Israeli Pegasus spyware
France allegedly negotiated with Israeli-owned NSO group to buy its Pegasus spying software, according to the MIT Technology Review. Talks reportedly broke down after revelations in July identified Emmanuel Macron as one of the software’...
India announces plans to ban most cryptocurrencies in new clampdown
As well as banning most coins, the new bill will establish a new digital currency backed by the Reserve Bank of India.
Ban Bitcoin mining to save the environment, say Swedish authorities
Environment and finance regulators in the Nordic country say crypto mining's electricity usage is putting the climate at risk.
NFT or non-fungible token is Collins Dictionary's word of the year
The phrase NFT (short for non-fungible token) has been made word of the year by Collins Dictionary.
Release Of Oil Reserves Will "Make A Difference": Joe Biden
"It will take time but before long you should see the price of gas drop," said US President Joe Biden in a White House speech.
US Banks Need Permission Before Engaging In Certain Crypto Activities: Regulator
US Office of the Comptroller of the Currency said banks must be able to demonstrate they have appropriate risk management tools before taking on activities like providing custody services for customers' crypto holdings.
Apple Sues Pegasus-Maker Israeli Firm For Targeting Its Users
In a statement, Apple said it is also seeking a "permanent injunction to ban NSO Group from using any Apple software, services, or devices".
Elizabeth Holmes: Alleged fraudster CEO tells court she believed her revolutionary technology was real
The founder and former chief executive of Theranos has taken to the witness stand to justify her actions, but faces cross-examination from prosecutors.
AstraZeneca's pledge to poorer nations as it seeks COVID jab profits from next year
The pharmaceutical company's chief executive defends the company's decision to start making profits from its COVID-19 vaccine, saying that countries with "low purchasing power" will be spared.
COVID-19: AstraZeneca boss on providing vaccine at profit
AZ announced earlier this month that it would be seeking to achieve a modest profit in future from the vaccine In order to fund its new anti-viral COVID treatment.
Atom bank switches to four-day week for staff in flexible working move
The Durham-based lender, which is offering staff a 34-hour week spread over four days, down from 37.5 hours over five days, said it had become the biggest employer in Britain to make such a change.
Priti Patel's fast-track visa scheme for scientists attracted zero applicants in first six months
The Home Office says that there have been thousands of applications for other immigration schemes, but none from people who have won prestigious awards.
Black Friday: Nine out of 10 deals are the same price or cheaper earlier in the year, investigation says
Black Friday has become known as a day for big shopping bargains but an investigation has found that shoppers could be better off buying on almost any other day of the year.
Lush quits Facebook, Instagram, TikTok and Snapchat amid concerns over online harm
The firm says it has "finally had enough" and turns its back on Facebook, Instagram, TikTok and Snapchat due to growing concerns over user safety.
Electric vehicles: New homes will be required to have EV charging stations from 2022, Boris Johnson to announce
The UK government wants to ban the sale of traditional petrol and diesel cars and vans by 2030, with hybrids allowed until 2035.
El Salvador's president pledges to build 'Bitcoin City' at base of a volcano
The city would be built around the Conchagua stratovolcano according to President Nayib Bukele.
Jerome Powell secures nod for second term as chair of US Federal Reserve
President Biden pays tribute to Mr Powell's tenure of the US central bank to date as he reveals that the other contender for the role has been nominated as vice-chair.
El Salvador plans first 'Bitcoin City', backed by bitcoin bonds
El Salvador plans to build the world's first "Bitcoin City", funded initially by bitcoin-backed bonds, President Nayib Bukele said on Saturday, doubling down on his bet to harness the crypto currency to fuel investment in the Central Ame...
COVID 'freedom': Asia opens up while Europe locks back down
Europe's insufficient vaccine take-up has prompted restrictions and with it violent opposition from citizens. Whereas Asia, still suffering from the impact of COVID, is marching on ahead with a steady vaccine rollout. What explains this ...
NFT is a scam. Only idiots do not understand it. Now finally some Australian developer build an idiot-proof website to demonstrate why “original” digital file is just the same as it’s endless copies…
Australian developer offers ‘billion-dollar torrent’ of NFTs for free.
White paper introducing Jack Dorsey's semi-decentralized Bitcoin exchange published on Friday
It's not a decentralized exchange in the truest sense of the word, but a peer-to-peer token swap platform under the oversight of Square. "Our goal is to develop this as an open source project for the public good," says the white paper, “...
The countries where Bitcoin and crypto are banned or restricted
While some countries like El Salvador are embracing cryptocurrencies, others like China are leading sustained crackdowns on their use.
How leading crypto investment firms are attracting top banking talent
The financial sector once had its pick of raw talent. Now, crypto firms are leading the way post-COVID in attracting the best financial minds.
Over €9 billion was lost to a boom in crypto crime on DeFi platforms
Crime is soaring in the mostly unregulated DeFi sector, according to London-based blockchain analytics firm Elliptic.
Tech this week: Teen arrested over €32 million crypto heist
A multimillion crypto heist by a teenager, Elon Musk continues his Tesla stock sale and a €35 million cryptocurrency bid for a US Constitution. Here's your weekly tech round up.
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