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According to data firm Preqin, only one emerging markets greenfield renewables fund has raised more than Copenhagen wants to amass, although the 2014 $3.26 billion Guangzhou City Development Industry Fund is focused on China. While a deal to phase out fossil fuels has been hard to agree, more than 60 countries have backed a global agreement to triple renewable energy this decade. The growth in demand for electricity is enormous," he told Reuters, adding that renewable energy was often the cheapest energy source. Founded in 2012, Denmark's Copenhagen manages 26 billion euros ($28.3 billion) of assets and runs 12 funds. Recent development projects include an offshore wind farm in Bangladesh and the first 100% foreign-owned offshore wind energy schemes in the Philippines.

Persons: Niels Holst, Holst, Simon Jessop, Tommy Reggiori Wilkes, Jan Harvey Organizations: Copenhagen Infrastructure Partners, Reuters, Guangzhou City Development Industry Fund, Denmark's, Thomson Locations: DUBAI, Copenhagen, China, Dubai, Britain, Denmark's Copenhagen, Bangladesh, Philippines, Asia, Pacific, America

☆ Tiger Woods’ comeback at the Hero World Challenge proves he’s not ready to ‘sail off into the sunset’
▼ + stars: | 2023-12-04 | by ( George Ramsay | ) edition.cnn.com time to read: +4 min

CNN —Most athletes with an injury list as long and detailed as Tiger Woods would be retired from professional sport. The 15-time major champion’s much-anticipated return to professional golf at the Hero World Challenge in the Bahamas wasn’t perfect, nor was it ever likely to be. This will be the fourth time in a row that Woods has entered the event alongside his son Charlie and his second tournament since undergoing ankle surgery in April. I don’t see why that would change.”During the Hero World Challenge, which Woods hosts, he said that he had been “pleasantly surprised” with his physical recovery between rounds. Woods and winner Scottie Scheffler attend the trophy presentation at the Hero World Challenge.

Persons: Woods, ” Woods, –, Charlie, Scottie Scheffler, Mike Ehrmann, ” Scottie Scheffler, ”, Scheffler Organizations: CNN, Albany Golf Club, Golf Channel, PNC, PGA, Masters, Woods, Augusta National Locations: Bahamas, Orlando , Florida, Paris

DUBAI, United Arab Emirates (AP) — Vice President Kamala Harris engaged in a speed round of diplomatic talks with Arab leaders on Saturday where she focused on shaping the outlook for a post-conflict Gaza while calling on Israel to do more to protect Palestinian civilians from the “devastating” bombardment. She made a hastily planned trip to the United Arab Emirates as the top American representative at the U.N. climate conference but the Israel-Hamas war was a main objective of her visit. She met with leaders of the United Arab Emirates, Egypt and Jordan and spoke by phone with Qatar’s emir. Then she swept briskly through the hallway to a waiting motorcade to take her nearby for meetings with Arab leaders. The vice president said she also talked with Arab leaders about three key elements for a post-conflict Gaza: reconstruction, security and governance.

Persons: Kamala Harris, Israel, ” Harris, Harris, Joe Biden, wasn't, Harris wouldn't, Biden, “, Josh Boak Organizations: United Arab Emirates, —, United, United Arab, Health Ministry, Palestinian, Palestinian Authority, West Bank Locations: DUBAI, United Arab, Gaza, Israel, United Arab Emirates, Egypt, Jordan, “, United States, Dubai, U.S, Washington

"Since then, the United States has turned ambition into action." On the sidelines of the conference, the United States also unveiled new measures to curb emissions of the powerful greenhouse gas methane from oil and gas operations. That awkward coincidence underscores one of COP28's most contentious questions: Can the world's response to climate change involve continuing use of fossil fuels? Harris told the conference that the United States supports phasing out of "unabated coal" use, but she did not mention other fossil fuels. "We're in a context in which we need to reduce production of fossil fuels and ... we need to be on a path of lower consumption.

Persons: Kamala Harris, Joe Biden, Harris, haven't, aren't, Catherine Abreu, John Podesta, Richard Valdmanis, Valerie Volcovici, Sarah McFarlane, Simon Jessop, Katy Daigle, Kevin Liffey, Diane Craft Organizations: Climate Fund, OPEC, United, UAE, Saturday, Exxon Mobil, Saudi Arabia's Aramco, Oil, Climate Initiative, Reuters, Thomson Locations: DUBAI, United States, Dubai, COP26, America, China, Texas, New Mexico, United Arab Emirates, U.S, Saudi, Ukraine

☆ 5 red flags to look for when choosing a new home, according to a professional cleaner
▼ + stars: | 2023-12-01 | by ( Ryan S. Gladwin | ) www.businessinsider.com time to read: +6 min

She shared five red flags for people to look out for when moving into a new property. DaSilva said common red flags were water damage and mold, while missing caulk is often overlooked. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Failing to see red flags when you're viewing a property to buy or rent might set you up for financial, mental, and physical stress. Water damage and moldThe first and most common red flags are water damage and mold.

Persons: Lina DaSilva, DaSilva, —, cleanings, I've, Caulk, I'm, it's, It's Organizations: Service Locations: Toronto

☆ Brexit backer James Dyson loses libel lawsuit against UK newspaper
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +1 min

LONDON, Dec 1 (Reuters) - James Dyson, the billionaire inventor of the bagless vacuum cleaner, on Friday lost a libel lawsuit against a British newspaper publisher over a column that branded him a hypocrite who had "screwed" Britain. Dyson sued Mirror Group Newspapers (MGN), publisher of the Daily Mirror, at London's High Court over articles that lambasted him for moving the global head office of his company from Britain to Singapore after championing the economic benefits of Brexit. Judge Robert Jay dismissed Dyson's lawsuit in a written ruling on Friday. But the High Court ruled that MGN had successfully argued its defence of honest opinion and that Dyson had not proved he had suffered "serious harm" as a result of the column. "The claimant having failed on the issue of 'serious harm' and the defendant having succeeded on its honest opinion defence, this claim must be dismissed," the judge said.

Persons: James Dyson, Dyson, Robert Jay, Dyson's, Brian Reade, MGN, Sam Tobin, Paul Sandle Organizations: Group, Daily, Court, Thomson Locations: Britain, Singapore

LONDON (AP) — Billionaire vacuum cleaner tycoon James Dyson lost a libel lawsuit Friday against the Daily Mirror for a column that suggested he was a hypocrite who “screwed” Britain by moving his company's headquarters to Singapore after supporting the U.K.'s breakup with the European Union. A High Court judge in London said the article was opinion and rejected Dyson's claims that it was a “vicious and vitriolic” personal attack that damaged his reputation and harmed his philanthropic work encouraging young people to become engineers. “Mr Reade was not attempting to offer a window into or shine a light on the claimant’s thought processes or motivation," Justice Robert Jay wrote. "Rather, the ‘screwed his country etc.’ remark was Mr. Reade’s ‘take’ on how people would or might envisage the claimant’s actions.”The judge said Reade hadn't accused Dyson of dishonesty and had wide latitude to offer honest comment “however wounding and unbalanced” it may have been. Mirror Group Newspapers welcomed the judgment for upholding "the rights of our columnists to share honestly held opinions, even about powerful or wealthy individuals.”A Dyson spokesperson issued a statement defending its commitments to the U.K., including the employment of 3,700 people, but making no mention of the lawsuit outcome.

Persons: James Dyson, Dyson's, Brian Reade, Dyson, “, ” Dyson, Reade, “ Mr Reade, Robert Jay, Reade’s, ”, Reade hadn't Organizations: —, Daily, European Union, Sunday Times, Group Newspapers Locations: Singapore, London

☆ The key to solving loneliness and pollution might be giving up cars and hanging out in the street. It's working in Barcelona.
▼ + stars: | 2023-12-01 | by ( Eliza Relman | ) www.businessinsider.com time to read: +8 min

Barcelona is a decade into transforming many of its streets into green, car-light public spaces. Earlier this year, the city announced yet another major expansion of the project, with a goal of making a third of city streets green by 2030. And as Americans experience an epidemic of loneliness, a built environment that fosters social connection might be crucial for public health. Making a neighborhood more attractive with more walkable, green streets could mean triggering or speeding up gentrification. More walkable communities with high-quality public spaces are much more expensive to live in, indicating high demand.

Persons: —, Sven Eggimann, Tayana Panova, Jonathan Cohn, who's, Eggimann, pyi2lKhNzc, Billy Fields Organizations: Service, ZHAW School of Architecture, Residents, Urban, Smart Growth Locations: Barcelona, Spanish, Switzerland, New York City, Barcelona's, Vitoria, Europe, Valencia, Manhattan, Francisco, Superblocks

☆ ‘Teslas of the seas’ will take students to school in Sweden
▼ + stars: | 2023-11-30 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +6 min

The X Shore Pro, which is meant for commercial operations or coast guards, is based on the former and shares most of its specifications. The X Shore 1 costs upwards of €109,000 (about $119,000), but the more expensive models in the lineup start at €195,000 (about $213,000). According to Keisu, the experience of riding an X Shore boat is radically different to a traditional one. “The only difference is that we [X Shore] use our batteries also for propulsion, so we have much larger battery packs,” she says. However, technological constraints may be slowing down the electrification of boats, including small leisure boats such as those manufactured by X Shore.

Persons: that’s, Tesla, ”, Maria Niläng, we’re, X Shore, Jenny Keisu, X, Keisu, Timothy McCoy, McCoy, ” Brandon Taravella, “, ” Keisu Organizations: CNN, X Shore, Värmdö Archipelago, University of Michigan, University of New, UNESCO Locations: Stockholm, Sweden, Swedish, Värmdö, X, University of New Orleans, Norway

☆ How a tax break of up to $3,200 can help heat your home more efficiently this winter
▼ + stars: | 2023-11-30 | by ( Greg Iacurci | ) www.cnbc.com time to read: +2 min

Steve Smith | Tetra Images | Getty ImagesHow the tax break worksWestend61 | Westend61 | Getty ImagesThe Inflation Reduction Act, which President Joe Biden signed into law in August 2022, extended and enhanced a prior tax credit available for home efficiency upgrades. The tax credit is worth 30% of the cost of qualifying projects. The combined tax break for these projects is capped at $1,200 a year. Altogether, taxpayers can get a maximum overall credit of $3,200 a year, if they combine projects worth up to $1,200 and $2,000. The IRS published a fact sheet that gives examples of the overall tax break consumers can expect for specific upgrades.

Persons: Steve Smith, Joe Biden, Kara Saul, Rinaldi, Saul Organizations: Westend61, AnnDyl, Environmental Protection Agency, IRS

UNCHARTED WATERS Airlines Race Toward a Future of Powering Their Jets With Corn Carriers want to replace jet fuel with ethanol to fight global warming. Corn 2022 N.D. MINN. WIS. S.D. Corn 2022 N.D. MINN. WIS. S.D. Corn 2022 N.D. MINN. WIS. S.D. Corn 2022 N.D. MINN. WIS. S.D.

Persons: “, ”, Jeffrey Broberg, Biden, Jake Wildman, Wildman, Lauren Riley, Amelia DeLuca, Todd Becker, United’s, Seager, et, Roy Stoltenberg, It’s, “ It’s, Mr, Stoltenberg, John, Stoltenberg douses, Megan Konar, Matt Jennen, midcentury, we’ve, Chad Friese, I’m, John Hansen, Mary, sighed Organizations: Jets, Carriers, Minnesota Well, Organization, United Airlines, Delta, New York Times, Farmers, IOWA NEB, MINN, Water Resources Research, Department of Agriculture, ”, U.S . Department of Agriculture Economic Research Service, Aviation, Delta Air Lines, Ethanol Company, University of Illinois, Ethanol, ” Industry, Nebraska Farmers Union, Sunrise, Reserve Locations: America, Ohio, Washington, Minnesota, Nebraska, MINN, WIS, MICH, IOWA, IOWA NEB . OHIO, . MO, KAN . MO, KAN, In Kansas, Glenwood, Minn, ”, Japan, Germany, U.S, Chippewa, Benson, Omaha, ., KAN ., Cairo, Neb, Iowa, Wisconsin, University of Illinois Urbana, Champaign, Wood, China, Foxhome, Platte, . Nebraska

WHAT'S HAPPENED SINCE THE LAST ONEThe world has gotten hotter since last year’s conference in Egypt. Burning fossil fuels that sends carbon into the atmosphere remains the main cause of global warming, and production continues to grow. Climate campaigners say efforts to develop wind, solar and other alternative energies are not going fast enough. Global warming has vast implications: It can upend local economies, worsen weather patterns, drive people to migrate, and cause havoc for Indigenous peoples who want to retain their traditional cultures, among many other impacts. Many want to know if oil-rich Gulf states will pony up more money to help developing countries adapt to climate change and switch to greener technologies.

Persons: ”, Petteri Taalas, Daniel, Hurricane Otis pummeled, King Charles, Narendra Modi, John Kerry, Olaf Scholz, Pope Francis, Sultan al, Jaber, Antonio Guterres Organizations: United Arab Emirates, Hamas, United, 28th “ Conference, Hurricane Otis, Indian, Cargill, AP Locations: DUBAI, United Arab, Israel, Dubai, United Arab Emirates, COP28, WHAT'S, Egypt, Brazil, India, Libya, Hurricane Otis pummeled Mexico, Europe, Paris, Abu Dhabi, Tokyo, Tegucigalpa, Timbuktu, Ukraine, Gaza, Antarctica, Argentina, Uruguay, ___

☆ The New York Apartment Where Kissinger Spent His First Years in America
▼ + stars: | 2023-11-30 | by ( Claire Fahy | More About Claire Fahy | ) www.nytimes.com time to read: +1 min

The Art Deco building was the Kissinger family’s first long-term home after they arrived in New York City in 1938 as refugees from Nazi Germany. After a short stint living with relatives and staying in a different apartment nearby, the family settled into the 850-square-foot rental on Fort Washington Avenue in 1940. Mr. Kissinger, the former secretary of state who reshaped the United States’ approach to the Cold War, died in Connecticut on Wednesday at the age of 100. By Thursday morning, news of his death had reached the building on Fort Washington Avenue. The neighbors old enough to remember Ms. Kissinger had long since moved away, according to the current resident of the apartment, Alexei Gonzales.

Persons: Henry Kissinger, Kissinger, Kissinger’s, Paula, Alexei Gonzales, Gonzales Organizations: Fort Washington, Mr Locations: Washington Heights, United States, New York City, Nazi Germany, Fort, States, Connecticut

The Biden administration has been trying to jump-start the domestic supply chain for electric vehicles so cleaner cars can be made in the United States. But the experience of one Texas company, whose plans to help make an all-American electric vehicle were upended by China, highlights the stakes involved as the administration finalizes rules governing the industry. Huntsman Corporation started construction two years ago on a $50 million plant in Texas to make ethylene carbonate, a chemical that is used in electric vehicle batteries. It would have been the only site in North America making the product, with the goal of feeding battery factories that would crop up to serve the electric vehicle market. But as new facilities in China came online and flooded the market, the price of the chemical plummeted to $700 a ton from $4,000.

Persons: Biden, ”, Peter R, Huntsman, “ I’d Organizations: Huntsman Corporation Locations: United States, Texas, China, North America

☆ 1.5 Degrees: A Tiny Number With a Global Effect
▼ + stars: | 2023-11-28 | by ( Eric Niiler | ) www.wsj.com time to read: 1 min

Nearly 200 nations and business leaders pledged eight years ago to keep Earth from warming above 1.5 degrees Celsius. The 1.5 C threshold isn’t a random number. It has been embedded in policies that affect how we heat and cool our homes, what kind of cars we drive, and how nearly all businesses operate. But even as the U.S. and many other nations ramp up cleaner renewable solar and wind power, overall emissions of carbon dioxide keep going up. As a result, the Earth’s temperature continues to rise, and 2023 is virtually certain to be the warmest on record.

☆ The cost of climate policies: Hard-pressed consumers are pushing back
▼ + stars: | 2023-11-28 | by ( Hanna Ziady | ) edition.cnn.com time to read: +11 min

In a 2022 Pew survey covering 19 countries in North America, Europe and the Asia-Pacific region, climate change was named the top global threat. Aira UK“There is no trade-off between (installing a heat pump), saving the planet and at the same time saving the pockets of consumers,” CEO Martin Lewerth told CNN. “If you’re living outside Scandinavia and you want a heat pump, it’s not a hassle-free experience,” Lewerth acknowledged. “There is no scenario in which delay is the cheaper option with climate change,” said Bob Ward, policy and communications director at the Grantham Research Institute on Climate Change and the Environment at the LSE. “If we’d invested more in renewable energy… energy bills wouldn’t have gone up so much, which disproportionately impacted on poor households,” Valero at the LSE told CNN.

Persons: ”, ” Brett Meyer, Tone, Tony Blair, ” Langengen, Meyer, Anna Valero, Keith Mayhew, Oliver Blume, doesn’t, Rishi Sunak, Kelley, Martin Lewerth, Sunak, ” Lewerth, “, Bob Ward, we’d, ” Valero, Tim Jackson Organizations: London CNN, Times Radio, Tony, Tony Blair Institute for Global, Pew, London School of Economics, Political Science, CNN, HSBC, carmakers, Volkswagen, Grantham Research, LSE, ”, Swiss, Confederation of British Industry, Centre, Prosperity, University of Surrey Locations: London, Europe, North America, Asia, Pacific, Greece, United Kingdom, United States, Germany, “, Norway, Sweden, Aira, Essex, Swedish, Britain, Scandinavia, Grantham, Ukraine

[1/6] Ola electric scooters are seen outside the Ola Electric Service Centre, in Thane on the outskirts of Mumbai, India, October 25, 2023. Aggarwal's Ola Electric, which he likens to Tesla in the West, is zipping towards a stock-market listing after going from zero to 338,000 e-scooter sales in about two years. But he acknowledged service capacity issues and said Ola was "aggressively" bolstering its service network by adding 100 new centres and hiring more technicians. 'TESLA FOR WEST, OLA FOR REST'Aggarwal often declares, "Tesla is for the West, Ola for the rest", and he's a man in a hurry. "Electric vehicles are new to people so they aren't aware of how to ride the vehicle to maximise optimal output," he said.

Persons: Francis Mascarenhas, it's, Elon Musk, Aggarwal's Ola, Tesla, Ola, Devendra Ghuge, Aggarwal, Ola EVs, Ravi Bhatia, Bhatia, Japan's SoftBank, Ronald Radhakrishnan, Koradia, Riddhima Talwani, Aditi Shah, Rishika Sadam, Sriram, Arpan Chaturvedi, Anushree, Pandya, Francis Mascerehnas, Varun Vyas, Munsif, Jatindra, Saurabh Sharma, Sumit Khanna, Jose Devasia, Aditya Kalra Organizations: Ola Electric Service Centre, REUTERS, Staff, Reuters, JATO Dynamics, WEST, OLA, West, Singapore's Temasek, Industry, Hero Electric, TVS, EV, Ola, Fayaz Bukhari, Thomson Locations: Thane, Mumbai, India, THANE, HYDERABAD, DELHI, MUMBAI, Chennai, Bengaluru, India's, U.S, China, Kochi, New Delhi, Bhubaneswar, Lucknow, Ahmedabad, Jose, Srinagar

☆ I clean the windows on a 740-foot skyscraper. The first time, I felt like I was going to die, but now it's freeing.
▼ + stars: | 2023-11-28 | by ( Emma Magnus | ) www.businessinsider.com time to read: +6 min

It takes the team six months to clean the entire building, and then they immediately start again. AdvertisementThis as-told-to essay is based on a conversation with Lucas Da Silva, a vertical site supervisor for the Leadenhall Building in London. The first time I went up the Leadenhall Building — which is 224.5 meters tall, or about 738 feet — I felt like I was going to die. AdvertisementIt takes 6 months to clean the whole building — and then you immediately start againIt takes about six months to clean the whole building. You never get used to the risks of working that high upDa Silva admires the view from the top floors of Leadenhall Building.

Persons: Lucas Da Silva, Da Silva, —, I've, I'm, they'd Organizations: Service, Lucas Da Silva Health, London Locations: London, Paul's Cathedral, Bishopsgate

Firms like PetroChina (601857.SS) and CNOOC Gas and Power have signed long-term contracts with Shell (SHEL.L) to buy "carbon neutral" liquefied natural gas (LNG), which uses "forest offsets" to balance out carbon emissions. Greenpeace, which has long opposed fossil fuel producers counting carbon offsets toward their emissions reduction goals, said the "carbon neutral" branding was misleading the public. "For oil and gas companies in particular, carbon offsets are a smokescreen to obscure their continued, redoubled carbon emissions," said Li Jiatong, project leader with Greenpeace in Beijing. Rising sales of "carbon neutral" LNG are being driven by a surge in gas demand, particularly in Asia. While it is still a major source of greenhouse gas emissions, gas is cleaner than coal and has been described as a "bridge fuel" in the global energy transition, but anti-fossil fuel groups oppose any new gas projects.

Persons: Stringer, Li Jiatong, PetroChina, COP28, Polly Hemming, Hemming, David Stanway, Andrew Hayley, Emily Chow, Sonali Paul Organizations: REUTERS, Rights, Greenpeace, CNOOC, Power, Shell, International Energy Agency, Energy, Australia Institute, Thomson Locations: Nantong, Jiangsu province, China, Rights SINGAPORE, Beijing, Asia

☆ Amazon Deal for iRobot May Restrict Competition, European Commission Says
▼ + stars: | 2023-11-27 | by ( Ben Glickman | ) www.wsj.com time to read: 1 min

The European Commission warned that Amazon’s proposed deal for Roomba-maker iRobot may restrict competition. Photo: handout/ReutersThe European Commission said Monday that Amazon ’s proposed deal to buy Roomba-maker iRobot may limit competition in the robot vacuum cleaner market. European regulators said that they had informed Amazon of the commission’s preliminary view following an investigation of the proposed acquisition.

Persons: Amazon’s Organizations: European Commission, Amazon

Secretary General of Organization of the Petroleum Exporting Countries (OPEC) Haitham Al Ghais speaks during the Energy Asia conference in Kuala Lumpur, Malaysia June 26, 2023. "This presents an extremely narrow framing of challenges before us, and perhaps expediently plays down such issues as energy security, energy access and energy affordability," Al Ghais said in a statement. Al Ghais has said OPEC would be present at the climate talks. In Thursday's note, the IEA was also critical of carbon capture technologies. It is that the energy challenges before us are enormous and complex and cannot be limited to one binary question," Al Ghais said.

Persons: Haitham Al Ghais, Hasnoor Hussain, Al Ghais, facto, Maha El, Mark Potter Organizations: Organization of, Petroleum, Energy Asia, REUTERS, IEA, Dubai DUBAI, International Energy Agency, of the Petroleum, United Arab Emirates, Thomson Locations: Kuala Lumpur, Malaysia, Dubai, Paris, UAE, OPEC, Saudi Arabia, Egypt, U.N, Russia, Ukraine

The logo of Amazon is seen at the company's logistics centre in Boves, France, October 6, 2021 REUTERS/Pascal Rossignol/File Photo Acquire Licensing RightsBRUSSELS, Nov 27 (Reuters) - EU antitrust regulators said on Monday Amazon's (AMZN.O) $1.4 billion acquisition of robot vacuum maker iRobot (IRBT.O) may squeeze out rival robot cleaners on its online marketplace. The EU competition enforcer said Amazon's online marketplace is an important channel for robot vacuum cleaners (RVCs) in France, Germany, Italy and Spain. "iRobot, which faces intense competition from other vacuum cleaner suppliers, offers practical and inventive products. We believe Amazon can offer a company like iRobot the resources to accelerate innovation and invest in critical features while lowering prices for consumers," the company said. Reporting by Foo Yun Chee; editing by David EvansOur Standards: The Thomson Reuters Trust Principles.

Persons: Pascal, Foo Yun Chee, David Evans Organizations: Rights, Amazon, Big Tech, European Commission, EU, Commission, Reuters, Thomson Locations: Boves, France, Rights BRUSSELS, Germany, Italy, Spain

European regulators said Monday that Amazon’s proposed acquisition of robot vacuum maker iRobot may harm competition. The European Commission, the European Union’s executive arm and top antitrust enforcer, said it has informed Amazon of its “preliminary view” regarding the deal following an investigation that began in July. The news raised investors' concerns about the acquisition, sending shares in Bedford, Massachusetts-based iRobot Corp., most famous for the circular-shaped Roomba vacuum, down more than 17% Monday. “IRobot, which faces intense competition from other vacuum cleaner suppliers, offers practical and inventive products,” Miller said. But British antitrust regulators cleared Amazon’s purchase of iRobot back in June.

Persons: Alexandra Miller, “, ” Miller, iRobot Organizations: European Commission, iRobot Corp, Amazon, Federal Trade Commission Locations: Bedford , Massachusetts, France, Germany, Italy, Spain, Seattle, U.S

☆ iRobot shares plunge 19% after EU warns Amazon deal 'may restrict competition'
▼ + stars: | 2023-11-27 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +2 min

Shares of iRobot plunged as much as 19% on Monday after the EU's antitrust watchdog issued a warning that Amazon 's planned $1.7 billion acquisition of the Roomba maker raises competition concerns. "iRobot, which faces intense competition from other vacuum cleaner suppliers, offers practical and inventive products," the spokesperson said. iRobot shares were briefly halted earlier Monday afternoon following the announcement. Amazon shares were up about 1.4%. The commission's announcement comes after iRobot shares rocketed 39% on Friday after Reuters reported the deal is set to "win unconditional EU antitrust approval," citing three sources familiar with the matter.

Persons: vacuums, iRobot Organizations: European Commission, Amazon, CNBC, U.S . Federal Trade Commission, Markets Authority, iRobot, Reuters, EU Locations: San Rafael , California

☆ Former Coal Towns Get Money for Clean-Energy Factories
▼ + stars: | 2023-11-27 | by ( Hiroko Tabuchi | ) www.nytimes.com time to read: 1 min

In Weirton, W.Va., in the heart of coal country, a company started by MIT scientists plans to build a plant that will produce a metal and alloy critical for clean energy, fuel cells and cleaner steel. In Vernon, Texas, also a former coal town, a third-generation wind entrepreneur plans to manufacture turbines suitable for remote, rural locations. And in Vandergrift, Pa., and Louisville, Colo., a window maker plans to retrofit aging factories to produce thin, insulated units that help make buildings more energy efficient. They’re all projects getting federal funding designed to help small- and medium-sized manufacturers bring clean-energy jobs to former coal communities, part of a $1 trillion infrastructure package signed by President Biden in 2021. The Energy Department announced the projects on Monday.

Persons: Biden Organizations: MIT, The Energy Department Locations: Vernon , Texas, Vandergrift, Pa, Louisville, Colo

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