Oil CEO rejects fossil fuel industry to blame for the climate crisis
WEARVALLEYMERCURY

Oil CEO rejects fossil fuel industry to blame for the climate crisis

DUBAI, United Arab Emirates —The chief government of UAE-based vitality agency Crescent Petroleum on Tuesday claimed that blaming the oil and fuel business for the local weather disaster “is like blaming farmers for weight problems.” His feedback come on the mid-point of the U.N.’s largest and most necessary annual local weather convention, with many on … Read more

Europe tech industry funding halves in 2023; AI a bright spot: Atomico
WEARVALLEYMERCURY

A 3D map exhibiting the continent of Europe. Constantine Johnny | Second | Getty Pictures Enterprise capital funding into Europe’s tech business plunged by half in 2023 as buyers continued to reel from the consequences of excessive rates of interest, in response to knowledge from enterprise capital agency Atomico. Nevertheless, synthetic intelligence was a standout … Read more

crypto industry can turn page after Binance settlement
WEARVALLEYMERCURY

crypto industry can turn page after Binance settlement

Brian Armstrong, chief govt officer of Coinbase World Inc., speaks through the Messari Mainnet summit in New York, on Thursday, Sept. 21, 2023. Michael Nagle | Bloomberg | Getty Photographs The crypto trade can lastly shut the chapter on a litany of scandals and issues after Binance was hit with a historic settlement by the … Read more

Oil and gas industry needs to let go of carbon capture as solution to climate change, IEA says
WEARVALLEYMERCURY

Oil and gas industry needs to let go of carbon capture as solution to climate change, IEA says

The Gorgon liquefied pure fuel (LNG) and carbon seize and storage (CCS) facility, operated by Chevron Corp., on Barrow Island, Australia, on Monday, July 24, 2023. Bloomberg | Bloomberg | Getty Photos The oil and fuel business must let go of the “phantasm” that carbon seize know-how is an answer to local weather change and … Read more

Climate Activists Tell the EV Industry to Fix Its Filthy Supply Chain
WEARVALLEYMERCURY

Climate Activists Tell the EV Industry to Fix Its Filthy Supply Chain

Saturday’s demonstrators focused South Korean auto large Hyundai. Along with criticizing the corporate’s reliance on coal-powered metal crops, which a report from local weather teams linked to 506 pollution-related untimely deaths in 2021, additionally they denounced the corporate’s reported labor practices. Final December, a Reuters investigation discovered undocumented kids working within the automaker’s provide chain … Read more

The Startup That Transformed the Hack-for-Hire Industry
WEARVALLEYMERCURY

The Startup That Transformed the Hack-for-Hire Industry

For those who’re searching for a protracted learn to whereas away your weekend, we’ve received you lined. First up, WIRED senior reporter Andy Greenberg reveals the wild story behind the three teenage hackers who created the Mirai botnet code that in the end took down an enormous swath of the web in 2016. WIRED contributor … Read more

Germany approves financial reforms to boost its tech industry
WEARVALLEYMERCURY

Germany approves financial reforms to boost its tech industry

BERLIN, GERMANY – NOVEMBER 15: German Finance Minister Christian Lindner offers an announcement to the media on the Chancellery following the weekly authorities cupboard assembly on November 15, 2023 in Berlin, Germany. The subject was a ruling by the German Constitutional Court docket declaring that the coalition authorities’s shift of federal cash in 2021 initially … Read more

GoCardless considers takeovers amid payments industry consolidation
WEARVALLEYMERCURY

GoCardless considers takeovers amid payments industry consolidation

Hiroki Takeuchi, GoCardless chief government, on the MoneyConf Stage, attends Net Summit 2021 in Lisbon, Portugal. Harry Murphy | Sportsfile | Getty Photos GoCardless, the British fintech firm backed by Alphabet’s enterprise capital fund GV, is contemplating extra mergers and acquisitions because it seems to develop market share within the extremely aggressive on-line funds house. … Read more

Wind power industry in moment of reckoning as stocks fall
WEARVALLEYMERCURY

Wind power industry in moment of reckoning as stocks fall

A wind turbine set up happening in Germany on July 14, 2023. The Worldwide Vitality Company is looking for a surge in renewable vitality installations over the subsequent few years. Ina Fassbender | AFP | Getty Photographs Renewable vitality companies are largely struggling a dire earnings season as struggling provide chains, manufacturing faults and rising … Read more

China’s truck industry is buying more driver-assist technology
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China's truck industry is buying more driver-assist technology

Folks attend a launch ceremony of Inceptio’s autonomous driving system on March 10, 2021 in Shanghai, China. Huanqiu.com | Visible China Group | Getty Photographs BEIJING — China’s truck trade is discovering extra causes to purchase automobiles with assisted-driving expertise. It is a crucial step towards monetization in a nascent enterprise that is drawn many … Read more

Climate change to cost shipping industry $10 billion a year by 2050
WEARVALLEYMERCURY

Climate change to cost shipping industry $10 billion a year by 2050

Extreme drought has precipitated water ranges within the Mississippi River to drop so low that ships have been working aground. To maintain commerce flowing, the U.S. Military Corps of Engineers is now utilizing a dredge ship to push out silt within the river close to Vicksburg, Mississippi. The chief of navigation for the corps advised … Read more

UK confirms plans to regulate crypto industry with formal legislation
WEARVALLEYMERCURY

UK confirms plans to regulate crypto industry with formal legislation

Bitcoin, the world’s largest cryptocurrency, has been stealthily rising in 2023. Chris Ratcliffe | Bloomberg | Getty Photos The U.Ok. authorities on Monday confirmed plans to control the cryptocurrency trade, saying in a session paper that it’s going to look to herald formal laws for crypto actions by 2024. The federal government printed its response … Read more