Header-template

GLOBAL NEWS

Shift Needed IEA Pushes Oil Industry to Invest More in Clean Energy

The head of the International Energy Agency urged the oil and gas industry to prioritize clean energy over carbon capture tech as a climate solution.

The head of the International Energy Agency urged the oil and gas industry to prioritize clean energy over carbon capture tech as a climate solution. IEAs Fatih Birol stated ahead of a climate conference that the industry must embrace a transition to netzero emissions by 2050, emphasizing the need for significant clean energy investments. Birol highlighted that just 1% of global clean energy investment comes from oil and gas firms and stressed the necessity of redirecting capital towards clean energy projects. Achieving climate goals would require a major shift in investment, with the industry needing to allocate 50% of capital spending to clean energy by 2030, much higher than the current 2.5%. Read More..

B2B Tech News | 3 months ago      

IndiGo Mulls Premium Class on International Routes Amid Service Revamp

IndiGo is exploring options to possibly introduce premium class seats on international routes but hasnt confirmed. Earlier, the budget carrier revampe

IndiGo is exploring options to possibly introduce premium class seats on international routes but hasnt confirmed. Earlier, the budget carrier revamped onboard services, reducing waste by eliminating packaged drinks and making snacks mandatory for beverage purchases. The CEO highlighted Indias competitive aviation market. IndiGo, Asias largest carrier, placed a massive Airbus order for 500 A320 aircraft, supplementing its existing fleet of 300+ planes and previous orders of 480 yet to be delivered. This new order expands their pending deliveries to nearly 1,000 aircraft into the next decade, including A320neo, A321neo, and A321XLR models. Read More..

B2B Tech News | 3 months ago      

Arab Countries Join Boycott of Western Brands Over Alleged Israel Ties

Western fastfood chains in Cairo and other Arab countries are experiencing a boycott due to alleged ties to Israel or perceived proIsraeli stances. Th

Western fastfood chains in Cairo and other Arab countries are experiencing a boycott due to alleged ties to Israel or perceived proIsraeli stances. This boycott, sparked by Israels military actions in Gaza, is spreading across some Arab nations but has limited impact in others like Saudi Arabia and the UAE. Social media campaigns urging boycotts list multiple companies, leading consumers to switch to local alternatives. In Egypt, where protests are restricted, some view the boycott as a way to voice dissent peacefully. Participants, like Cairo resident Reham Hamed, feel its a small gesture to distance themselves from perceived support of the conflict. Read More..

B2B Tech News | 3 months ago      

Space Monitoring Reinforcement UKs Nyx Alpha Telescope to Safeguard National Interests

The UKs Ministry of Defence has partnered with Londonbased SpaceFlux to deploy the Nyx Alpha telescope in Cyprus, enhancing space monitoring. This tel

The UKs Ministry of Defence has partnered with Londonbased SpaceFlux to deploy the Nyx Alpha telescope in Cyprus, enhancing space monitoring. This telescope, operational by spring 2024, aids the UK Space Command and Agency in tracking satellites and debris. Managed by SpaceFlux, it will operate from the UK Space Operations Centre, ensuring defense of UK assets like the Skynet network. The strategic Cyprus location provides optimal views of geostationary orbits. SpaceFluxs expanded sensor network, targeting 25 locations by 2024, supports space awareness for military and civilian missions. The announcement was made at the UK Space Conference, highlighting its pivotal role in safeguarding national space interests. Read More..

B2B Tech News | 3 months ago      

Mozilla Faces Allegations of Labor Activism Bias in Hiring Practices

The National Labor Relations Board alleged that Mozilla Corp. declined to hire Cher Scarlett, a former Apple Inc. employee due to her prior labor acti

The National Labor Relations Board alleged that Mozilla Corp. declined to hire Cher Scarlett, a former Apple Inc. employee due to her prior labor activism. Prosecutors urged Mozilla to offer Scarlett the 2021 job she applied for or a similar role, seeking to compensate her for damages. Scarlett and her lawyer, Laurie Burgess, view the case as crucial in tackling the fear of blacklisting for workplace activism in Silicon Valley. Scarlett, fearing repercussions for speaking up at Apple, struggled to secure employment after leaving, highlighting concerns among tech workers about whistleblowing consequences. Despite optimism after an interview at Mozilla, Scarlett wasnt ultimately hired. Read More..

B2B Tech News | 3 months ago      

Sam Altman Returns as OpenAI Boss Amid Board ShakeUp

OpenAIs cofounder Sam Altman is set to return to the company after being fired, following a dramatic sequence of events involving board decisions and

OpenAIs cofounder Sam Altman is set to return to the company after being fired, following a dramatic sequence of events involving board decisions and staff reactions. The initial dismissal led to chaos, including resignations and a major offer from Microsoft for Altman. However, an agreement is now underway for Altmans return, with changes to the board and key figures expressing optimism about the companys future. Despite the enthusiasm among some staff, there are concerns about the lasting impact on OpenAIs reputation and its ability to attract investors and talent. Read More..

B2B Tech News | 3 months ago      

SEBI Concludes Investigation AdaniHindenburg Matter Nearing Resolution

The Securities and Exchange Board of India, Indias market regulator, notified the Supreme Court that it would not be requesting any more time to finis

The Securities and Exchange Board of India, Indias market regulator, notified the Supreme Court that it would not be requesting any more time to finish its investigation into the AdaniHindenburg case. The efforts taken by SEBI to safeguard investor value were questioned by Indias Chief Justice, DY Chandrachud. Attorney General Tushar Mehta, who represents SEBI, said that the agency has begun the decisionmaking process following the probe and that action has been taken against shortsellers based on cases that have been found. The court brought up Extreme stock market volatility, which led SEBI to reiterate that it accepts expert committee suggestions to bolster regulatory frameworks. Read More..

B2B Tech News | 3 months ago      

Protests Disrupt Operations First Quantum Minerals Ltd. Faces Setback in Panama

The primary copper mine owned by First Quantum Minerals in Panama is not producing at a profit because demonstrators blockade an essential port. The d

The primary copper mine owned by First Quantum Minerals in Panama is not producing at a profit because demonstrators blockade an essential port. The disturbances have impeded the deliveries of necessary supplies, such as coal, to power the facility. First, Quantum Minerals and the Panamanian economy benefit significantly from the Cobre Panama mine, which produced 112,734 metric tonnes of copper in the third quarter of 2023. Disagreements about a new contract that First Quantum and the government signed in October caused the demonstrations. According to the corporation, production will restart after the port embargo is lifted. The Supreme Court of Panama is now considering challenges to the pact. Read More..

B2B Tech News | 3 months ago