DIRS.INFO The most relevant business & tech news

☆ Hydrogen, fully electric, or both? Heavy-duty trucking has some big decisions to make
▼ + stars: | 2023-04-17 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +8 min

In Sept. 2022, it said it would begin testing fuel cell electric trucks in what it called "commercial traffic" from 2025. It's therefore no surprise that alongside hydrogen, battery electric vehicles are also being considered for trucking. Other companies like Scania and DAF are also operating in the battery electric space. "Which zero-emission technology out of battery electric and hydrogen will prevail in the long-haul segment is less certain," T&E adds. Within the EU, for example, efforts are being made to create the conditions that would enable hydrogen trucks to travel long distances.

☆ Walmart will add thousands of EV charging stations to stores by 2030
▼ + stars: | 2023-04-06 | by ( Noah Sheidlower | ) www.cnbc.com time to read: +1 min

(Photo by Jakub Porzycki/NurPhoto via Getty Images)Walmart announced Thursday it plans to add electric vehicle charging stations to thousands of U.S. stores by 2030. The company announced it would expand its EV fast-charging network to Walmart and Sam's Club locations across the country, adding to the nearly 1,300 EV stations currently in operation at 280 of the company's locations. It plans to own and operate the EV charging stations in its national network. The Biden Administration recently announced an over $7.5 billion investment to launch a national charging network particularly in lower-income and rural communities. This will likely boost EV sales, which accounted for 7% of new U.S. vehicle registrations in January.

☆ Germany warns EU over tampering with schemes for struggling banks
▼ + stars: | 2023-04-05 | by ( Huw Jones | ) www.reuters.com time to read: +3 min

The EU's executive European Commission is due on April 18 to set out draft reforms to rules for handling stricken banks. The schemes link banks in a national network, allowing a struggling lender to get financial aid from the scheme's other members, forming part of a country's protections for bank depositors. CARVE OUTLindner said the commission's current plans would introduce a "number of new and significant restrictions" on IPS schemes by treating them like deposit guarantee schemes. A "clear and precise carve-out for IPS from newly introduced restrictions would be the easiest and cleanest way" to respect last year's agreement not to tamper with IPS, Lindner said. A report for the European Parliament last year said IPS represents a central and substantial component of depositor protections in Germany.

☆ Want to watch MLB games? Making sense of the confusing TV and streaming landscape
▼ + stars: | 2023-03-30 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +4 min

Home base planFor the baseball fan looking to watch as many games as possible, a traditional pay TV service is still the go-to place. Discovery' s TBS, as well as Fox Corp. 's broadcast and pay TV networks, take up a decent chunk of the schedule. However, as more options are introduced, regional sports networks are getting fewer games and fans have to pay more to watch all games. With a higher rate of consumers dropping pay TV bundles and opting for streaming services, many networks have created direct-to-consumer streaming app options. Few offset the pay TV losses, but at least provide an option for fans wanting to stream.

☆ How Fred Smith's crown jewel, FedEx Express, became the company's problem child — and how FedEx can save it
▼ + stars: | 2023-03-30 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +6 min

FedEx Express, which does precisely-timed deliveries , has been struggling the most. FedEx is at a critical point in its 52-year evolution and founder Fred Smith's pride and joy — the company's Express delivery service — has become the firm's problem child. "Can FedEx Express shrink itself to prosperity?" "For a very long time, over 10 years, improved Ground service is diluting or cannibalizing existing Express deliveries," Maciuba said. "Was there a tremendous amount of fat in FedEx Express?

☆ American Airlines to pause a route due to Boeing Dreamliner delays
▼ + stars: | 2023-03-24 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Kamil KrzaczynskiMarch 24 (Reuters) - American Airlines Group (AAL.O) said on Friday it would suspend its Philadelphia-Madrid route for a few weeks in May and early June due to a delay in deliveries of Boeing Co's (BA.N) 787 Dreamliners. Boeing delivered a 787 to American earlier this month and the airline is slated to get three more this year. "We continue to work with our customers, including American Airlines, on delivery timing and deeply regret the impact to their operations. American Airlines said it was making schedule adjustments to re-accommodate passengers on affected flights. "We remain committed to our customers and team members and mitigating the impact of the 787 delivery delays while continuing to offer a robust international network this summer," American Airlines said in a statement.

☆ Fact Check-Digitally altered versions of Scott Wiener photo holding book shared online
▼ + stars: | 2023-03-16 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

Wiener, an openly gay legislator who has supported legal protections for children seeking gender-affirming health care, addressed the use of the term groomer in a series of tweets in Nov. 2022 (here). Erik Mebust, communications director for Wiener, told Reuters via email that the recently shared altered photo originates from a March 4 tweet by Wiener, which shows an identical background and apparel (here). In his original photo posted in March, Wiener is holding a book with a yellow cover titled, “Gender Pioneers” (here). The photo of Scott Wiener holding a book originates from his Mar. 5 tweet but it has been digitally altered with fabricated book titles.

☆ Reliance Jio to buy U.S.-based Mimosa Networks for $60 mln
▼ + stars: | 2023-03-09 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, March 9 (Reuters) - Jio Platforms, owned by Indian conglomerate Reliance Industries Ltd (RELI.NS), will buy communications equipment maker Mimosa Networks for $60 million to bolster its expanding 5G and broadband services, the companies said on Thursday. The deal is between Radisys Corp, a unit of Jio Platforms, and US-based Airspan Networks Holdings (MIMO.A), which owns Mimosa. Reliance Jio Infocomm USA, a unit of Jio, is a shareholder in Airspan and has a seat on its board, according to the statement. The Mimosa deal also comes at a time when some governments, including India, have either banned or discouraged the use of China's Huawei in national networks. Reporting by Yagnoseni Das in Bengaluru; Editing by Savio D'Souza and Janane VenkatramanOur Standards: The Thomson Reuters Trust Principles.

☆ White House aims to shift cybersecurity burden from individuals and small businesses to tech providers
▼ + stars: | 2023-03-02 | by ( Lauren Feiner | ) www.cnbc.com time to read: +3 min

The White House released its long-awaited National Cyber Strategy on Thursday, providing a road map for how the Biden administration aims to defend the U.S. from a rapidly growing number of online threats. "The president's strategy fundamentally reimagines America's cyber social contract," Acting National Cyber Director Kemba Walden said during a press briefing on Wednesday. The White House is proposing that legislation establish liability for software makers which fail to take reasonable precautions to secure their products and services. The White House said the work has already started. WATCH: Closing keynote: The White House is serious about cybersecurity

☆ Explainer-Biden's EV highway takes shape
▼ + stars: | 2023-02-27 | by ( Jarrett Renshaw | ) www.reuters.com time to read: +4 min

(Reuters) - Armed with billions of dollars, the Biden administration is embarking on the biggest transformation of the U.S. consumer driving landscape in generations, hoping to blanket the nation’s highways with electric vehicle chargers. The federally-funded chargers must be placed within a mile of state-designated electric vehicle corridors. FILE PHOTO: A electric vehicle charger is seen as a vehicle charges in Manhattan, New York, U.S., December 7, 2021. The state received 167 site proposals from 30 different teams, officials told Reuters. In oil-rich Texas, state officials told the administration, “the network will give Electric Vehicle drivers confidence and flexibility when traveling for work, recreation, or exploration regardless of distance traveled or weather conditions.”

☆ Tesla to Open Some Superchargers to Other Vehicles, White House Says
▼ + stars: | 2023-02-15 | by ( Jennifer Hiller | ) www.wsj.com time to read: 1 min

Tesla already has a U.S. network of more than 17,700 fast chargers at over 1,650 locations. Tesla Inc. will open part of its proprietary Supercharger network to other kinds of vehicles for the first time, the White House said Wednesday. The move qualifies the company for a share of billions of federal dollars on offer to build a national network of electric-vehicle chargers. Tesla plans to open at least 3,500 new and existing 250 kilowatt chargers to drivers of all kinds of EVs by the end of next year, the White House said. Fast chargers can repower cars in about 30 minutes, but those available to any kind of EV are in short supply across U.S. highways, where their presence is considered key to boosting EV adoption as auto makers convert fleets to electric.

☆ Tesla to Open Some of Its Charging Network to Other EVs, White House Says
▼ + stars: | 2023-02-15 | by ( Jennifer Hiller | ) www.wsj.com time to read: 1 min

Tesla Inc. will open part of its proprietary Supercharger network to other kinds of vehicles for the first time, the White House said Wednesday. The move qualifies the company for a share of billions of federal dollars on offer to build a national network of electric-vehicle chargers. Tesla plans to open at least 3,500 new and existing 250-kilowatt chargers to drivers of all kinds of EVs by the end of next year, the White House said. Fast chargers can repower cars in about 30 minutes, but those available to any kind of EV are in short supply across U.S. highways, where their presence is considered crucial to boosting EV adoption as auto makers convert fleets to electric.

☆ EY expects 'massive approval' in vote to split up company
▼ + stars: | 2023-02-14 | by ( Huw Jones | ) www.reuters.com time to read: +2 min

LONDON, Feb 14 (Reuters) - Partners in EY are expected to give approval for spinning off the company's consulting arm and listing it on the stock market by the end of the year, a senior EY official said on Tuesday. "We expect a massive approval, but it's not to say there is still not a lot of work to do," Delarue told Reuters. Just over half of EY's 145 country networks will vote on splitting each national network into separate auditing and consultancy units. It is a move which does not make sense for all networks, Delarue said. The "Newco" will account for $25 billion of revenue and 7,000 partners, with what's left of EY representing $20 billion and 6,000 partners.

☆ State of the portfolio: What Biden's address means for 10 Club stocks from Caterpillar to Ford
▼ + stars: | 2023-02-08 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +6 min

President Joe Biden 's State of the Union address put the spotlight on multiple tailwinds that will benefit 10 Club holdings including Caterpillar (CAT) and Ford (F). Linde Linde, a longtime Club holding, supplies industrial gases needed at semiconductor manufacturing facilities, known as fabrication plants. 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 . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ The US needs 8 times more charging stations by 2030 to handle the coming wave of electric cars
▼ + stars: | 2023-01-09 | by ( Alexa St. John | ) www.businessinsider.com time to read: +3 min

Charging needs to quadruple by 2025 and grow eight-fold by 2030 to accommodate EVs. Specifically, the US needs to quadruple its charging infrastructure by 2025, and grow it more than eight times by 2030, according to a new report out of S&P Global Mobility. Automakers are betting their futures on available chargingA lack of charging infrastructure is a problem, as nearly every major automaker is buying into electrification with billions in new technology, models, and manufacturing. That's despite the fact that a majority of EV charging can be done at home — if an EV owner has access to a garage and plug. That could change with more and more momentum from the Biden Administration, which is targeting a national network of 500,000 public charging stations by 2030 and has slated $7.5 billion toward charging build-out.

☆ StanChart suitors track banking’s flighty fortunes
▼ + stars: | 2023-01-06 | by ( Peter Thal Larsen | ) www.reuters.com time to read: +4 min

But one reliable rule of thumb is that Standard Chartered (STAN.L) will be the subject of periodic bouts of takeover speculation. The latest prospective suitor, First Abu Dhabi Bank (FAB.AD), reflects the shifting fortunes of global banking. Under UK rules, First Abu Dhabi cannot make an offer for StanChart for six months, unless another bidder emerges. The Abu Dhabi lender said it had been in “the very early stages of evaluating a possible offer” for the emerging markets-focused bank. Standard Chartered declined to comment.

☆ These states are raising their minimum wages in 2023. Chart shows where workers can expect higher pay
▼ + stars: | 2023-01-01 | by ( Lorie Konish | ) www.cnbc.com time to read: +3 min

Meanwhile, 23 states and Washington, D.C., according to the Economic Policy Institute, will implement higher minimum wages on Jan. 1. States that are not seeing minimum wage hikes in 2023 still tie their base pay to the $7.25 per hour federal rate. Workers who depend on the minimum wage are also much more likely to be people of color and living in poverty. Raising minimum wages can also help increase consumer demand and put money back into local economies, said Holly Sklar, CEO of Business for a Fair Minimum Wage, a national network of business organizations, owners and executives that support higher minimum wages. "Putting needed raises in minimum wage workers' pockets [is] really the most efficient way you can boost the economy," Sklar said.

☆ Everything you need to know about charging your new electric car, from where to go to what you'll pay
▼ + stars: | 2022-12-23 | by ( Alexa St. John | Nora Naughton | ) www.businessinsider.com time to read: +7 min

And we've walked potential electric car buyers through some of the technologies that could make charging their car much, much easier. Read more about the state of electric car charging below. How EV charging fits in your lifestyleAs prospective EV-buyers consider going electric, the charging experience is weighed heavily. Big Oil is getting in on electric cars by snapping up EV charging companies. Biden administration announces rules to make electric car charging less crappyChallengesRange anxiety is largely a thing of the past.

☆ United places order for 200 Boeing planes, giving two troubled jets a vote of confidence
▼ + stars: | 2022-12-13 | by ( Chris Isidore | ) edition.cnn.com time to read: +5 min

New York CNN —United Airlines placed a massive order for at least 200 Boeing planes on Tuesday, split between two models dogged by recent problems: the 737 Max and the 787 Dreamliner. United generally picks Boeing over AirbusThe order, while an important lift for Boeing, isn’t a total surprise. While United has some orders with Airbus (EADSF), nearly 80% of its existing fleet is composed of Boeing jets. The 100 737 Max jets United is buying includes 44 planes for which it already had an option to purchase, and 56 new orders. In June 2021, it announced the purchase of 200 of the 737 Max jets, along with 70 competing planes from Airbus, in the largest aircraft order that United has ever placed.

☆ Eleven more women accuse dead Florida doctor of criminal and suspicious activity; two sue his business
▼ + stars: | 2022-12-07 | by ( Julianne Mcshane | ) www.nbcnews.com time to read: +11 min

He bonded out of jail on Nov. 23, according to court records. Another woman who one of the police reports show accused Salata of committing a sex crime is also suing the business, according to court documents. A spokesperson for the Naples Police Department did not respond to a question about why that incident was classified as a suspicious incident. Another trio of police reports were filed Nov. 30. The Naples Police Department's investigation into Salata is ongoing, according to public information officer Lieutenant Bryan McGinn.

☆ Air New Zealand raises first half profit outlook on travel demand
▼ + stars: | 2022-12-07 | by ( ) www.reuters.com time to read: +1 min

Dec 8 (Reuters) - Air New Zealand Ltd (AIR.NZ) on Thursday increased its earnings forecast for the first half of fiscal 2023, helped by strong travel demand across its domestic and international networks and a decline in jet fuel prices. The increased profit outlook follows a moderation in fuel prices in recent weeks and assumes that the airline will fly about 75% of its pre-COVID capacity levels across the network in December, according to Air New Zealand. Air New Zealand, however, added that capacity was still constrained and would continue to impact pricing. The company, which has been posting losses since 2020, did not provide a full-year outlook, citing factors such as inflationary pressures. ($1 = 1.5731 New Zealand dollars)Reporting by Himanshi Akhand in Bengaluru; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

☆ Crypto exchanges enabled online child sex-abuse profiteer
▼ + stars: | 2022-11-23 | by ( ) www.reuters.com time to read: +22 min

These sites often included links for users to pay via crypto exchanges, the IWF told Reuters, declining to name companies. “For those people looking to make money from child sexual abuse, crypto has lowered the barrier,” said Dan Sexton, the IWF’s chief technology officer. The Dark Scandals website, owned by Michael Mohammad, instructs users to send tokens to a Dark Scandals digital wallet to purchase content. While banks and payment platforms demanded more details from online merchants, many crypto exchanges for years requested little or no information from clients. The IWF received more reports last year of websites selling child abuse imagery for crypto than any year prior.

The U.S. Justice Department, in a report this September, said many crypto exchanges still "make little or no effort to comply" with know-your-customer requirements. These sites often included links for users to pay via crypto exchanges, the IWF told Reuters, declining to name companies. While banks and payment platforms demanded more details from online merchants, many crypto exchanges for years requested little or no information from clients. Asked at his trial for his opinion of crypto, Mohammad noted, "Privacy is something that a lot of users value." The IWF received more reports last year of websites selling child abuse imagery for crypto than any year prior.

☆ U.S. imposes sanctions on military procurement network aiding Russia
▼ + stars: | 2022-11-14 | by ( ) www.reuters.com time to read: +2 min

The U.S. Treasury also designated family members of Russian oligarch Suleiman Kerimov, as well as individuals that it said worked as financial facilitators in Suleiman's network. The U.S. Treasury blacklisted Milandr, a Russian microelectronics company that Washington says is part of Moscow's military research and development structure. The U.S. Treasury has sanctioned major military industrial firms in Russia and the Commerce Department has cut off exports of American-made components and U.S. technologies that have been used in some of Russia's military hardware. Russia has managed to procure drones from Iran that have been used to attack cities and power infrastructure in Ukraine. Iranian military entities and industries are already under heavy U.S. sanctions over Tehran's nuclear development program.

☆ U.S. to sanction military procurement network aiding Russia, Yellen says
▼ + stars: | 2022-11-14 | by ( David Lawder | ) www.reuters.com time to read: +2 min

NUSA DUA, Indonesia, Nov 14 (Reuters) - U.S. Treasury Secretary Janet Yellen said the United States will impose new sanctions on a transnational network of individuals and companies that have been working to procure military technologies for Russia's war effort in Ukraine. "This is part of our larger effort to disrupt Russia's war effort and deny equipment it needs through sanctions and export controls," Yellen told reporters. She declined to provide details on which technologies the sanctions would target in an effort to cut off Russian purchases. The U.S. Treasury has sanctioned major military industrial firms in Russia and the Commerce Department has cut off exports of American-made components and U.S. technologies that have been used in some of Russia's military hardware. Russia has managed to procure drones from Iran that have been used to attack cities and power infrastructure in Ukraine.

Search resuls for: "National Network"

25 mentions found