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☆ Opinion: Israel’s military actions in Gaza match what the US did to ISIS. Urban warfare is hell, but not illegal
▼ + stars: | 2023-11-07 | by ( Opinion John Spencer | ) edition.cnn.com time to read: +46 min

Alexi J. Rosenfeld/Getty Images Europe/Getty Images Palestinians inspect a destroyed area following an Israeli airstrike in Gaza on October 21. Ronen Zvulun/Reuters A woman mourns over a dead man at the Al-Aqsa Martyrs Hospital in Gaza City on October 18. Yousef Masoud/The New York Times A morgue worker arranges body bags at al-Shifa hospital in Gaza City on October 12. Samar Abu Elouf/The New York Times/Redux Children run for cover as bombs fall near the Al-Shifa Hospital in Gaza City on October 9. Erik Marmor/AP Six-month-old Sama Alwadia is rescued from the rubble in Gaza City on October 9.

Persons: John Spencer, ”, Syria’s Raqqa, Joe Biden, Israel, Khan, Ahmad Hasaballah, Ariel Schalit, Abed Rahim Khatib, Ronen Zvulun, Mahmud Hams, Leo Correa, Mohammed Abed, Amir Cohen, Mohammed Alaloul, Majdi, Fatima Shbair, Alexi J . Rosenfeld, Mustafa Hassona, Neil Hall, Saeed Jaras, Mohammad Abu Hattab, Mohammed Talatene, Ditza Heiman, Shir Torem, Salman Habaka, Ibraheem Abu Mustafa, Yuval Zilber, Hatem Ali, Jalaa Merey, Ahmad Salem, Ali Jadallah, Atef Safadi, Abed Zagout, Fadel Senna, Anas al, Yosef Vahav, Kiryat Shmona, Jalaa Marey, Albert Miles, Bernat, Ilan Rosenberg, Ashraf Amra, Manna, Tamar Chaya Torpiashvili, Abed Khaled, Tamir Kalifa, Khan Younis, Benjamin Netanyahu, Yoav Gallant, Ammar Awad, Jehad Al, Kafarnah, Teddy, Dan Kitwood, Dima Vazinovich, Jack Guez, Sagiv Ben Zvi, Evelyn Hockstein, Omar El, Mohammed Salem, Amir Levy, Yasser Qudih, Tsafrir, Francisco Seco, Mohammed Saber, Ali Mohmoud, Mai Yaghi, Yam Goldstein, Nadav, Khaled Joudeh, Samar Abu, Leon Neal, Hatem Moussa, Nir Oz, Wolfgang Schwan, Yousef Masoud, Shadi Tabatibi, Belal al Sabbagh, Rizek Abdeljawad, Ahmad Gharabli, Janis Laizans, Mohammed Dahman, Gallant, Ofir Libstein, Aza, Belal Khaled, Hod, Ayal Margolin, Antony Blinken, Brendan Smialowski, Biden, Netanyahu, Kenny Holston, Kfar Aza, Ilia Yefimovich, Mahmoud Khaled, Dor Reder, Violeta Santos Moura, Mohammed Fayq Abu Mostafa, Antonio Macías, Macías, Eli Albag, Liri, Sergey Ponomarev, Dor Kedmi, Saher, Abraham Cohen, Valentin Ghnassia, Ghnassia, Yuri Cortez, Ibrahim Hams, Bashar Taleb, Baz Ratner, Yahya Hassouna, Mapal Adam, Agha, Reuters Itzik, Miriam Shafir, Dor Shafir, Savion Kiper, Maya Alleruzzo, CNN Sergey Ponomarev, Eden Guez, Ohad, Mohammed Soboh, Said, Noam Elimeleh Rothenberg, Ilai Bar Sade, Erik Marmor, Oren Ziv, Ramez Mahmoud, Roi Levy, Alleruzzo, Tali Touito, Oded, Ahmad Hasballah, Eyad Baba, Itai Ron, Hadas Parush, “, They’ve, it’s, Al Qaeda Organizations: Modern War, Warfare, Social, CNN, Israel Defense Forces, UN, IDF, Nasser Medical, AP, Najjar, Reuters, Hamas, Getty, Israel Defence Forces handout, Shutterstock, Reuters United Nations, Shifa, Palestine, Pictures, Bloomberg, Israeli Apache, United Nations Relief, Works Agency, Al Aqsa Martyrs Hospital, Palestinian, Al, EyePress, New York Times, Israeli, Getty Images, Nasser Medical Hospital, Deir Al, Tel Aviv University, Reuters Civil, AP Rockets, AP Israel's, Regional, Aqsa Martyrs Hospital, Israel's, Ahli Baptist Hospital, Ben Gurion International, Aris Messinis, Haim, Puma, Mount, Mount Herzl Military, Nova, Anadolu Agency, Nova Festival, Ben Gurion, West Bank, Rockets, United Nations, Reuters Police, Reuters Rockets, International Committee, Twitter, ISIS Locations: West, Iraq, Mosul, Syria’s, United States, Gaza, Israel, Germany, France, Jabalya, Khan Younis, Tel Aviv, Jerusalem, AFP, Jerusalem's, City, Rafah, Jerusalem's Old City, Deir Balah, Mahmud, Southern Israel, Anadolu, Ashkelon, Al, Gaza City, Haifa, Yanuh Jat, Netaim, Israeli, Golan Heights, Lebanon, Egypt, Sderot, Shareef, Beit Guvrin, Reuters Israeli, Kiryat, Al Aqsa, Deir Al, Balah, Kibbutz Be'eri, Ashdod, Holon, Najjar, Ichilov, Kibbutz Shefayim, Deir, Samar, Samar Abu Elouf, Deir al, Kibbutz Kissufim, Zahra City, Europe, Xinhua, East Jerusalem, Ras, Israel's, Yehuda, Aqsa, Hod HaSharon, Kiryat Shmona, Ahli, Gan, Kfar, North Sinai, Beit Kama, Cyprus, Kfar Saba, Be'eri, Rehovot, Mount Herzl, Modiin Maccabim, Kfar Aza, Mount Herzel, Yassin, Palestinian, Beitar Ilit, Ramat Gan, Itai, Beit Hanun, Rishon Lezion, Raqqa

☆ 'It looks like a child's toy': 3 car designers react to Tesla's Cybertruck
▼ + stars: | 2023-10-05 | by ( Tim Levin | ) www.businessinsider.com time to read: +5 min

Tesla's Cybertruck is closer than ever, so we asked three experts on car design what they think about it. AdvertisementAdvertisementTo some, the upcoming Tesla Cybertruck looks like a clumsily designed, doorstop-shaped monstrosity. Instead of mimicking the upright, boxy shape of conventional pickups, Tesla's truck looks more like a triangle. "In car design, you wouldn't believe how much of a difference some small changes make," Licata said. Simplicity and purity are hallmarks of timeless design, Snyder said, and Tesla's wacky truck could fit the bill.

Persons: —, Elon, S0kCyGUBFD — Elon, Paul Snyder, Tesla, Elon Musk, Frederic J . Brown, Snyder, Ford, Matteo Licata, HKBzxFNfzm — Elon, Licata, Geoff Wardle Organizations: Service, Tesla, Detroit's College for Creative Studies, Ford, General Motors, Elon, Honda Odyssey, DeLorean, California's ArtCenter College of Design Locations: Texas, AFP, Detroit

☆ UPS says it will hire 100,000 seasonal workers for the holiday rush — but don't expect that $170,000 pay package
▼ + stars: | 2023-09-26 | by ( Will Gendron | ) www.businessinsider.com time to read: +3 min

UPS plans on hiring 100,000 seasonal workers to beef up its workforce for the holiday season. Working as a seasonal employee can be the first step toward a $170,000-per-year pay package. Thanks to a new contract for UPS workers that was negotiated by the Teamsters union, some full-time UPS drivers are now earning a pay package worth $170,000 a year, including benefits. Hourly pay will start at $23 for seasonal package drivers and $21 for package handlers. Despite increased pay for the seasonal UPS workers, the job market is still tight, and it's uncertain how challenging it will be to find workers, Lavery said.

Persons: —, Matt Lavery, Lavery, Gen Z, it's Organizations: Service, UPS, Teamsters, Federal Reserve

☆ 'I don't want to die:' How 14 youth advocates in Hawaii are fighting climate change by taking the state to court
▼ + stars: | 2023-09-22 | by ( Yoonji Han | ) www.businessinsider.com time to read: +8 min

Hawaiian youth advocates sued the state's transportation department over greenhouse-gas emissions. Amid the escalating climate crisis, Nishida and 13 other Hawaiian youth advocates sued the Hawaii Department of Transportation in 2022 over transportation-related greenhouse-gas emissions. The lawsuit, Navahine F. v. Hawaii Department of Transportation, is scheduled to go to trial next summer. Transportation emissions made up the largest share of energy-sector emissions in Hawaii in 2017, according to a 2021 report by the Hawaii Department of Health. Youth plaintiffs gather before the start of the Navahine F. v. the Hawaii Department of Transportation hearing at the First Circuit Environmental Court in Honolulu on January 26.

Persons: Taliya Nishida, Nishida, Navahine, Andrea Rodgers, Rodgers, KawahineʻIlikea, Taliya, Mesina, Kalā, Rylee, Elyse Butler Organizations: Service, Hawaii Department of Transportation, . Hawaii Department of Transportation, Transportation, Hawaii Department of Health, Trust, cocounsel, Court, Department of Transportation Locations: Hawaii, Maui, Montana, Honolulu, Waimea, United States

It’s usually an inexpensive, efficient way to transport crops, as a typical group of 15 barges lashed together carries as much cargo as about 1,000 trucks. A narrowed shipping lane also means barges from different companies must squeeze into limited space, forcing backups and delays. Months of dry and warm weather have hit the Midwest hard, damaging crops in much of the region west of the Mississippi River. In Kansas, 40% of the soybean crop was reported in poor or very poor condition, with the same conditions for 40% of the corn crop in Missouri. From his work site beside the Mississippi River in Red Wing, Minnesota, Jim Larson watches as the river rises and falls through the seasons.

Persons: Farmer Bruce Peterson, chuckled, ” Peterson, “, Louis, Paul, that’s, Nature, ”, Merritt Lane, Lane, Tom Heinold, ” Heinold, Heinold, Mike Steenhoek, Steenhoek, Jim Larson, Larson Organizations: DES, Canal Barge, New, Engineers, “, Soy Transportation Coalition, Red Locations: DES MOINES, Iowa, Mississippi, Gulf of Mexico, Minnesota, New Orleans, St, Minneapolis, Illinois, Ohio, Wisconsin, Davenport , Iowa, Savanna , Illinois, Rock, Missouri, In Kansas, U.S, United States, Red Wing , Minnesota

☆ A city in Colorado improved trash collection, streetlights, and more by using 5G to get 'smart'
▼ + stars: | 2023-07-27 | by ( Kristina Etter | ) www.businessinsider.com time to read: +5 min

In 2018, Colorado Springs, Colorado, embraced 5G technology to become a "smart" city. In 2018, John Suthers, then the mayor of Colorado Springs, Colorado, announced a plan to turn his hometown into a smart city. How 5G connectivity made trash cans 'smart'In various aspects of city operations in Colorado Springs, 5G integration is proving valuable. Discussing future applications of 5G, Pace told Insider: "We've researched using 5G for kiosks, cameras, and autonomous vehicles." Informational kiosks using 5G connectivity would provide local information and could be used for advertising, Pace said.

Persons: John Suthers, Joshua Pace, Streetlights, Pace Organizations: 5G, city's, Innovation, Pace, Colorado Springs Locations: Colorado Springs , Colorado, Colorado Springs, Colorado

BOGOTA, July 27 (Reuters) - Colombian police have seized property and bank accounts worth 1.3 trillion pesos ($329 million), proceeds from the sale and export of stolen crude oil, officials said on Thursday. To sell the stolen oil, criminal groups mixed it with legally-bought crude so it could be exported via front companies, police said. Colombia's majority state-owned oil company Ecopetrol (ECO.CN) was the main victim of the scheme, costing it 60 billion pesos, police added. The gangs stole crude from Colombia's Cano Limon-Covenas pipeline which runs parallel to the border with Venezuela. Furthermore, "large quantities" of light Venezuelan crude were brought into Colombia before being mixed with Colombian oil and exported via the Cano Limon-Covenas pipeline, the statement said.

Persons: Cano, Katherine Casas, Cano Limon, Luis Jaime Acosta, Oliver Griffin, Grant McCool Organizations: Colombian, Interpol, Reuters, National Liberation Army, Police, Thomson Locations: BOGOTA, Narino province, Venezuela, Pacific, Buenaventura, Colombia

☆ Chinese autonomous vehicle tech raises concerns, US transportation chief says
▼ + stars: | 2023-07-20 | by ( ) www.reuters.com time to read: +1 min

WASHINGTON, July 20 (Reuters) - U.S. Transportation Secretary Pete Buttigieg said on Thursday his agency has national security concerns about Chinese autonomous vehicle suppliers in the American market. "Whether we are talking about hardware or software, in the same way there are concerns around telecom or TikTok, there are concerns around transportation technologies," Buttigieg said in an interview with Reuters. Buttigieg said the United States needs to better understand "the true ownership of the different enterprises that are supplying different elements of our transportation systems." The lawmakers were particularly concerned about AV vehicle and equipment testing in the United States. Their letter cites data from California regulators showing seven Chinese firms tested autonomous vehicles in the most-populous U.S. state last year.

Persons: Pete Buttigieg, Buttigieg, Gina Raimondo, Chris Sanders, Will Dunham Organizations: . Transportation, Reuters, Chinese Communist Party, CCP, Thomson Locations: United States, China, California, U.S

☆ I was careless and spent way too much on my Maui vacation. Here are 7 ways I could have saved money.
▼ + stars: | 2023-07-14 | by ( Jesse Collier | ) www.businessinsider.com time to read: +7 min

Jesse Collier spent nearly $6,000 on a 10 -day vacation for two. She says she could've saved money by traveling in the off-season , and preparing some meals herself . It was our first trip since 2019, and my husband and I decided on a tropical getaway to Maui, Hawaii. I was so excited to be on vacation again after spending what felt like an eternity at home that I acted careless with money, which was very unlike me. Here's how I could have saved quite a bit of money on my trip to Hawaii.

Persons: Jesse Collier, could've, Collier, You'll, Boss, let's Organizations: Service, Maui, Coral Gardens Locations: Wall, Silicon, Maui, Hawaii, Coral, Molokini, Wailea, Honolua Bay, Oahu, Kauai, Worth

☆ Why America Isn’t Ready for the EV Takeover
▼ + stars: | 2023-06-10 | by ( Christopher Mims | ) www.wsj.com time to read: 1 min

The adoption of electric vehicles represents the biggest shift in our energy and transportation systems in more than a century—but it’s also the biggest shift in consumer electronics since the debut of the iPhone. On both counts, progress is accelerating in the U.S. And on both counts, we are far from where we need to be.

Persons: it’s Locations: U.S

The other passenger train was a Yesvantpur-Howrah Superfast Express train, running from a commuter hub in Bangalore to Kolkata, the capital of the eastern state of West Bengal. India’s railway minister, Ashwini Vaishnaw, said that he had ordered an investigation into the cause and that those affected by the crash would receive compensation. Site of the train crash An initial government report said that the Coromandel Express passenger train derailed while traveling at full speed. Dozens of trains had been canceled but crews were rushing to restore service after pushing off the train cars involved in the crash off the tracks. In 2016, 14 train cars derailed in India’s northeast in the middle of the night, killing more than 140 passengers and injuring 200 others.

Persons: Ashwini Vaishnaw, Derailments, Jitendra Prakash, Narendra Modi, Modi, Modi’s, Amit Dave, Suresh Prabhu, Mr, Vaishnaw, Mujib Mashal Organizations: Chennai Coromandel Express, South Eastern Railway, Express, Coromandel, INDIA, Sunday, Economic, Disaster Management, Reuters Rail Locations: India, Balasore, Odisha State, Shalimar, Chennai Coromandel, India’s, Howrah, Bangalore, Kolkata, West Bengal, Bahanaga Bazar, Bhubaneswar, Odisha’s, Bihar, Pukhrayan, Delhi, Mumbai, Ahmedabad

A second passenger train, heading in the opposite direction, then struck some of the dislocated cars. More than 2,200 passengers in all were onboard the passenger trains, according to railway officials, and at least 23 cars were derailed. The other passenger train was a Yesvantpur-Howrah Superfast Express train, running from a commuter hub in the southern city of Bengaluru to Kolkata, the capital of the northeastern state of West Bengal. Site of the train crash An initial government report said that the Coromandel Express passenger train derailed while traveling at full speed. In 2016, 14 train cars derailed in India’s northeast in the middle of the night, killing more than 140 passengers and injuring 200 others.

Persons: Ashwini Vaishnaw, Vaishnaw, Derailments, Jitendra Prakash, Narendra Modi, Modi, Modi’s, Amit Dave, Suresh Prabhu, Mr, Mujib Mashal Organizations: Chennai Coromandel Express, South Eastern Railway, Express, Coromandel, INDIA, Economic, Disaster Management, Reuters Rail Locations: India, Balasore, Odisha State, Shalimar, Chennai Coromandel, India’s, Howrah, Bengaluru, Kolkata, West Bengal, Odisha, Bhubaneswar, Odisha’s, Bihar, Pukhrayan, Delhi, Mumbai, Ahmedabad

☆ India Train Crash Live Updates: Relatives Identify Crash Victims as Modi Visits Derailment Site
▼ + stars: | 2023-06-03 | by ( Sameer Yasir | Mujib Mashal | ) www.nytimes.com time to read: +7 min

The other passenger train was a Yesvantpur-Howrah Superfast Express train, running from a commuter hub in Bangalore to Kolkata, the capital of the eastern state of West Bengal. India’s railway minister, Ashwini Vaishnaw, said that he had ordered an investigation into the cause and that those affected by the crash would receive compensation. Site of the train crash An initial government report said that the Coromandel Express passenger train derailed while traveling at full speed. In 2016, 14 train cars derailed in India’s northeast in the middle of the night, killing more than 140 passengers and injuring 200 others. Within hours of Friday’s disaster, some opposition politicians were already calling for the resignation of Mr. Vaishnaw, India’s railway minister.

Persons: Ashwini Vaishnaw, Derailments, Jitendra Prakash, Narendra Modi, Modi, Modi’s, Amit Dave, Suresh Prabhu, Mr, Vaishnaw, Mujib Mashal Organizations: Chennai Coromandel Express, South Eastern Railway, Express, Coromandel, INDIA, Economic, Disaster Management, Reuters Rail Locations: India, Balasore, Odisha State, Shalimar, Chennai Coromandel, India’s, Howrah, Bangalore, Kolkata, West Bengal, Bahanaga Bazar, Bhubaneswar, Odisha’s, Odisha, Bihar, Pukhrayan, Delhi, Mumbai, Ahmedabad

☆ Qualcomm to acquire Israeli auto-chip maker Autotalks
▼ + stars: | 2023-05-08 | by ( ) www.reuters.com time to read: +1 min

Autotalks makes dedicated chips used in the vehicle-to-everything (V2X) communications technology for manned and driverless vehicles to improve road safety. The company had credited the jump to its Snapdragon Digital Chassis product used by car makers and their suppliers. The Snapdragon Digital Chassis can provide assisted and autonomous driving technology, as well as in-car infotainment and cloud connectivity. Qualcomm on Monday said it would incorporate Autotalks' solutions into Snapdragon Digital Chassis product portfolio, but did not elaborate on the financials of the deal. The acquisition will be made through its unit Qualcomm Technologies, Qualcomm added.

☆ Mortgage rates rise for the fifth-straight week
▼ + stars: | 2023-03-09 | by ( Anna Bahney | ) edition.cnn.com time to read: +5 min

Washington, DC CNN —Mortgage rates edged further toward 7%, rising for the fifth consecutive week, as the Federal Reserve suggests rate increases will continue amid stubborn inflation. “Mortgage rates continue their upward trajectory as the Federal Reserve signals a more aggressive stance on monetary policy,” said Sam Khater, Freddie Mac’s chief economist. When Treasury yields go up, so do mortgage rates; when they go down, mortgage rates tend to follow. Housing market chilledRising mortgage rates have put a damper on the spring selling season. While applications for a mortgage rose slightly last week after three weeks of declines, according to the Mortgage Bankers Association, activity is muted.

☆ Hyperloops, supersonic jets and electric aircraft: Here’s what transport could look like by 2050
▼ + stars: | 2023-02-27 | by ( Michelle Cohan | ) edition.cnn.com time to read: +7 min

CNN recently spoke with Malek about what travel will look like by 2050. CNN: Do you think supersonic air travel will return to the skies? Malek: So we’ve seen supersonic planes in the past and I do think we’ll see supersonic planes in the future. So now it’s no longer just a question of will we see supersonic planes, but will they be fueled by net zero carbon fuels? Historically, we’ve started with ‘what do cars need, what do planes need?’ But planes and cars are here just for us.

Persons: Michigan CNN —, Henry Ford, Alisyn Malek, Malek, we’ll, We’re, Volocopter, Hyperloop, it’s, What’s, we’ve Organizations: Michigan CNN, ”, CNN Locations: Detroit, Michigan, City, Detroit , Michigan, Paris, France

☆ A GOP senator says Republican lawmakers are frustrated with Transportation Secretary Pete Buttigieg because he wants 'everything to be climate and politically correct'
▼ + stars: | 2023-02-19 | by ( John L. Dorman | ) www.businessinsider.com time to read: +5 min

Hill Republicans are increasingly voicing their issues with Transportation Secretary Pete Buttigieg. Sen. Capito told The Hill that Buttigieg had a "push" for everything "to be climate and politically correct." The Department of Transportation has defended Buttigieg's performance in handling recent crises. Secretary Buttigieg has been a vocal champion of President Biden's bipartisan infrastructure law. "Before, if you got your flight delayed, you weren't like 'oh that damn Elaine Chao,'" a Democratic operative told The Hill, referring to former President Donald Trump's transportation secretary.

☆ Elon Musk met senior Biden officials to discuss working together to ramp up EV production
▼ + stars: | 2023-01-28 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Elon Musk met two White House officials to discuss increasing US electric vehicle production. The Tesla CEO talked to Biden's advisors about laws including the Bipartisan Infrastructure Law. It comes after Musk criticized Biden for not recognizing Tesla's contribution to EV production. Jean-Pierre also said: "The outreach and the meeting says a lot of how important the President thinks the bipartisan infrastructure legislation is." The $1 trillion bipartisan infrastructure bill was signed into law in November 2021.

At Salt Lake City International Airport (SLC), a set of tire chains and a taxidermy rat landed in lost-and-found. The aptly named Lost and Found Software serves many U.S. and international airports as well as public transportation systems. Despite their differences, each provider promises to help customer service workers not only connect more lost items with their owners but to speed up returns as well. Hartsfield-Jackson Atlanta International Airport (ATL), Southwest Airlines, JetBlue, Delta Air Lines and others use NetTracer, which has been operating since 2004. Boomerang recently landed two airport customers: Savannah/Hilton Head (SAV) and New York’s Syracuse Hancock International Airport (SYR).

☆ Jim Cramer's Investing Club meeting Tuesday: 2023 mantra, infrastructure stocks, Apple
▼ + stars: | 2023-01-03 | by ( Krystal Hur | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Stick with the Club's mantra in 2023 Watch infrastructure stocks Wait to buy Apple 1. Watch infrastructure stocks We are bullish on infrastructure stocks going into this year, as we expect spending from the $1 trillion bipartisan infrastructure law to ramp up. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

☆ HyperloopTT to go public via SPAC led by former Disney execs
▼ + stars: | 2022-11-22 | by ( ) www.reuters.com time to read: +1 min

Nov 22 (Reuters) - High-speed transportation systems maker Hyperloop Transportation Technologies (HyperloopTT) said on Tuesday it would list its shares in the United States through a deal with a blank-check firm at a pre-money valuation of $600 million. The special purpose acquisition company (SPAC) Forest Road Acquisition Corp II (FRXB.N), which is led by former Disney executives Tom Staggs and Kevin Mayer, is expected to provide the combined company $330 million in net proceeds if the SPAC shareholders do not withdraw their money before the deal closes. HyperloopTT, which makes vacuum tube-based ground transportation systems with airplane speeds, has agreed to a SPAC merger at a time when the market's appetite for such deals have fizzled, as the economic outlook worsens with rising interest rates and inflation. The current shareholders and convertible note holders of HyperloopTT will hold $289 million worth of common shares in the company after the deal closes, the company said. A SPAC is a listed company without any business operations, formed to solely raise money and merge with other companies.

☆ Investors Cool on Internet-of-Things Startups, a Tech Conduit for Retailers
▼ + stars: | 2022-11-15 | by ( Angus Loten | ) www.wsj.com time to read: +5 min

Slumping markets have investors pulling back from funding startups that make internet-connected devices for retailers, threatening to choke an innovation pipeline for emerging tools like smart shopping carts and inventory management robots. Total venture-capital funding for startups developing IoT technology specifically for retailers is on pace to drop 65.1% from 2021 to $188.2 million by the end of the year—one of the hardest hit subsectors in the IoT market, the firm said. Like most commercial software applications, connected devices in recent years have become an integral part of retailers’ day-to-day operations. He said the company would continue to invest in these and other tech tools that help customers, despite tougher economic conditions. IoT technology is critical for the food company, Mr. Basu said, because it also enables Goya to implement cybersecurity projects in its plants.

☆ Investments in infrastructure has fueled Germany's transition to hydrogen-powered trains
▼ + stars: | 2022-11-07 | by ( James O'Malley | ) www.businessinsider.com time to read: +6 min

In Lower Saxony, in northern Germany, the first hydrogen-powered commuter trains were officially commissioned for full-time service after two years of extensive testing. Otherwise, the lack of hydrogen infrastructure would have rendered the project not viable. Alstom is positioning the iLint as a like-for-like replacement for diesel trains serving regional rail routes that have not been electrified. According to Soua, maintenance costs on hydrogen trains are much lower, and hydrogen-powered trains will cost less than diesel after about 15 years of operation. The company has already signed up its second customer from Germany, as the Rhine-Main region has ordered 27 iLint trains, and similar contracts have been inked in Italy and France.

Automakers are now shifting to electric vehicles, which could make up one-quarter of new sales by 2035 , analysts project. Around the world, governments and automakers are focused on selling newer, cleaner electric vehicles as a key solution to climate change. Some Democrats have proposed reviving that program to accelerate the shift to electric vehicles. In that scenario, the researchers found, the United States could cut emissions just as deeply with around 205 million electric vehicles. “Right now it can be inconvenient to own an electric vehicle if there are no charging stations around.

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