Month: November 2021

After making a promise on Twitter, Tesla CEO Elon Musk has sold about 900,000 shares of the electric car maker's stock, netting over $1.1 billion that will go toward paying tax obligations for stock options.  The sales, disclosed in two regulatory filings late Wednesday, will cover tax obligations for stock options granted to Musk in September. He exercised options to buy just over 2.1 million shares for $6.24 each. The company's stock closed Wednesday at $1,067.95 per share.   The transactions were "automatically effected" as part of a trading plan adopted on Sept. 14 to sell options that expire next year, according to forms filed with the U.S. Securities and Exchange Commission. That was nearly two months before he floated the idea of the sale on Twitter.  After the transactions, Musk…

The United States and China surprised the COP26 climate summit in Glasgow on Wednesday with a joint declaration to take action to limit global warming over the next decade. The declaration came as delegates entered the final hours of negotiations to agree on a final text at the conference that will outline how the world will limit global warming to less than 1.5 degrees Celsius above pre-industrial levels. China and the United States are the world’s two biggest polluters, and scientists say their future actions are critical in the fight against climate change. The absence of Chinese leader Xi Jinping from the summit last week was strongly criticized by U.S. President Joe Biden. U.S. climate envoy John Kerry told reporters in Glasgow on Wednesday that the joint declaration builds on…

A coalition of 19 countries including Britain and the United States on Wednesday agreed to create zero emissions shipping trade routes between ports to speed up the decarbonization of the global maritime industry, officials involved said.  Shipping, which transports about 90% of world trade, accounts for nearly 3% of the world's CO2 emissions. U.N. shipping agency the International Maritime Organization (IMO) has said it aims to reduce overall greenhouse gas emissions from ships by 50% from 2008 levels by 2050. The goal is not aligned with the 2015 Paris Agreement on climate change and the sector is under pressure to be more ambitious. The signatory countries involved in the 'Clydebank Declaration', which was launched at the COP26 climate summit in Glasgow, agreed to support the establishment of at least six green…

U.S.-based drugmaker Pfizer is seeking to make a booster shot of its COVID-19 vaccine available to all adult Americans 18 years of age and older. Pfizer filed the request Tuesday with the U.S. Food and Drug Administration, citing a new clinical trial involving 10,000 volunteers who received a third injection of the two-dose vaccine, which it developed in collaboration with German-based BioNTech. According to Pfizer, the preliminary results show the third shot boosted a person’s protection against the virus to about 95%. The request comes just weeks after the FDA and the U.S. Centers for Disease Control and Prevention authorized a third shot of the Pfizer vaccine for Americans 65 and older, adults at a high risk of severe illness, plus front-line workers such as teachers, health care workers and others whose…

White House officials are on a development-minded world tour and have been scouting several corners of the globe to identify about 50 projects that focus on topics such as climate, health, digital technology and gender equality.  Daleep Singh, the deputy national security adviser for international economics, recently wrapped up a tour of West Africa, visiting Ghana and Senegal as part of President Joe Biden's Build Back Better World initiative, known as B3W.  Biden unveiled the plan during the June G-7 summit, with the goal of creating "a values-driven, high-standard and transparent infrastructure partnership" to help finance projects in developing countries.   "This was the first B3W listening session in Africa, demonstrating President Biden's commitment to strengthening our ties in the region and to narrowing the global gaps in physical, digital,…

Facebook Inc. said on Tuesday it plans to remove detailed ad-targeting options that refer to "sensitive" topics, such as ads based on interactions with content around race, health, religious practices, political beliefs or sexual orientation.  The company, which recently changed its name to Meta and which makes the vast majority of its revenue through digital advertising, has been under intense scrutiny over its ad-targeting abilities and rules in recent years.  In a blog post, Facebook gave examples of targeting categories that would no longer be allowed on its platforms, such as "Lung cancer awareness," "World Diabetes Day," "LGBT culture," "Jewish holidays" or political beliefs and social issues. It said the change would take place starting Jan. 19, 2022.  The company has been hit with criticisms around its micro-targeting capabilities, including…

Four astronauts returned to Earth on Monday, riding home with SpaceX to end a 200-day space station mission that began last spring. Their capsule streaked through the late night sky like a dazzling meteor before parachuting into the Gulf of Mexico off the coast of Pensacola, Florida. Recovery boats quickly moved in with spotlights. "On behalf of SpaceX, welcome home to Planet Earth,” SpaceX Mission Control radioed from Southern California. Within an hour, all four astronauts were out of the capsule, exchanging fist bumps with the team on the recovery ship. Their homecoming — coming just eight hours after leaving the International Space Station — paved the way for SpaceX's launch of their four replacements as early as Wednesday night. The newcomers were scheduled to launch first, but NASA switched the order…

Australia's electric car industry has criticized the government's new policy to build thousands of charging stations as "far too little, too late." The Australian government Tuesday pledged $132 million to speed up the rollout of hydrogen refueling and electric charging stations.  The Electric Vehicles Council says an Australian government plan to build electric vehicle charging stations and hydrogen-powered vehicle fueling stations doesn't include subsidies, tax incentives or minimum fuel standards, and leaves Australia lagging the rest of the world.  Transport accounts for one-fifth of Australia's emissions. Prime Minister Scott Morrison says electric- and hydrogen-powered vehicles are key in efforts to decarbonize the economy. There's a plan to build 50,000 home charging stations and increase the government's fleet of electric vehicles.   Morrison says it's a bold strategy.    "Our plan, which is another key part of the overall national plan to achieve net-zero emissions by 2050 — this is one of the key building blocks, the future fuels and the take-up of electric vehicles driven…

An original Apple computer, hand-built by company founders Steve Jobs and Steve Wozniak 45 years ago, goes under the hammer in the United States on Tuesday.  The functioning Apple-1, the great, great grandfather of today's sleek chrome-and-glass Macbooks, is expected to fetch up to $600,000 at an auction in California.  The so-called "Chaffey College" Apple-1, is one of only 200 made by Jobs and Wozniak at the very start of the company's odyssey from garage start-up to megalith worth $2 trillion.  What makes it even rarer is the fact it is encased in koa wood -- a richly patinated wood native to Hawaii. Only a handful of the original 200 were made in this way.  Apple-1s were mostly sold as component parts by Jobs and Wozniak. One computer shop that…

Connecting everyone in the world to the web will not single-handedly bridge the digital divide, tech experts at the Web Summit said this week, citing other invisible barriers like high costs, low digital literacy and complicated user interfaces. The so-called "digital divide" refers to the gap between those who have access to computers and the internet and those who don't, with the latter group made up of nearly half the world's population, according to the United Nations. With many essential services like schooling and banking moving online, the coronavirus pandemic has brought new urgency to global efforts to get the unconnected online by bringing internet coverage to remote or deprived areas. "(COVID-19) made us clearly understand that what used to be seen as a 'nice-to-have' technology is now a 'must-have',"…

Cybersecurity experts say Microsoft’s recent disclosure that alleged Russian hackers successfully attacked several IT service providers this year is a sign that many U.S. IT companies have underinvested in security measures needed to protect themselves and their customers from intrusions. But a U.S.-based association of IT professionals says the industry’s efforts to combat foreign hacking attacks are hampered by their customers not practicing good cyber habits and by the federal government not doing enough to punish and deter the hackers. In an October 24 blog post, Microsoft said a Russian nation-state hacking group that it calls Nobelium spent three months attacking companies that resell, customize and manage Microsoft cloud services and other digital technologies for public and private customers. Microsoft said it informed 609 of those companies, known as managed service…

China now depends almost entirely on its own online content providers, as the number of big foreign companies in the market, such as Yahoo and LinkedIn, keeps dwindling, giving the government a boost in controlling the internet, analysts say. On Monday the Silicon Valley internet service provider Yahoo closed all of its services in China, following LinkedIn’s pullout announcement in October and earlier blockages of Google content. In an e-mailed statement, Yahoo cited an “increasingly challenging business and legal environment in China.” Many Yahoo services were largely blocked in China, where the email and search engine provider has operated since 1999. “My first reaction was, I didn’t know Yahoo was still alive in China,” said Danny Levinson, Beijing-based head of technology at the seed investment firm Matoka Capital. Domestic services flourish…