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Dispute start to surface in Brexit deal 3/16/2021
The European Union said Monday it is starting legal action against the United Kingdom, arguing it does not respect the conditions of the Brexit withdrawal agreement and is violating international law.
LG and rival SK race to build battery factory in Georgia 3/16/2021
South Korean company LG Energy Solution is now telling some Georgia officials that it could build its own factory in the state if rival SK Innovation can't proceed.
Rioter attacks Chinese factories in Myanmar 3/16/2021
More than 100 civilians have been killed by security forces since the February 1 coup, according to a tally by the Assistance Association for Political Prisoners. Many more have been injured, and thousands have been arrested.
General Motors made progress on Lithium Metal battery development 3/15/2021
The initial prototype batteries have already completed 150,000 simulated test miles at research and development labs at GM’s Global Technical Center in Warren, Michigan, demonstrating real-world potential.
Biden targets vaccine available for all American adults by May 1 3/15/2021
Joe Biden used his first prime-time address Thursday night to announce his plan to make all adults vaccine-eligible by May 1 and “begin to mark our independence from this virus” by the Fourth of July.
U.K. economic output down by 3% due to Brexit 3/15/2021
Britain left the European single market on Jan. 1, ending almost half a century of free trade and triggering tariffs, increased paperwork and border delays on both sides of the English Channel. While the drop in trade was magnified by stockpiling ahead of the new rules, economists said the scale of the decline reflected the disruption caused by Brexit.
LG to joint venture with GM to build battery factory in the U.S. 3/15/2021
LG will invest more than $4.5 billion in its U.S. battery production business by 2025 as automakers ramp up production of electric vehicles. The investment will help create 10,000 jobs, including subcontractors.
OmniVision Technologies offers a smallest 0.55mm image sensor 3/12/2021
Company officials said the combination of resolution and size would allow physicians to capture quality, color images from within even the smallest organs, including cardiac and neurological procedures.
Breeze Airlines, a new carrier found by former founder of JetBlue Airways 3/12/2021
Breeze Aviation Group has up to one year to begin flights using up to 22 planes, the company said Wednesday.
Strong sales on second half keeps BMW profitable 3/12/2021
Operating profits for the second half of last year were 9.8% higher than the second half of 2019. The Munich-based company's sales were boosted by the early and strong economic recovery in China, where 2020 sales topped the year before by 7.4%.
U.S. unemployment to ease off 3/12/2021
Fewer employers are cutting jobs amid a decline in confirmed coronavirus cases and signs of an improving economy.
Vanguard International Semiconductor reached fully utilized production capacity 3/11/2021
Based on VIS' sales guidance for the first quarter of 2021, market observers expect the company to see March revenue top NT$3 billion and hit a record high,
Amazon CEO Jeff Bezos pledged to spend $10 billion in climate changes by 2030 3/11/2021
"goal is to spend it down between now and 2030." That would work out to a pace of more than $1 billion a year.
China and Russia joint venture to build a lunar research station 3/11/2021
The station would be “built on the lunar surface and/or on the lunar orbit that will carry out ... scientific research activities such as the lunar exploration and utilization, lunar-based observation, basic scientific experiment and technical verification."
FireEye chief blames China on radical hacking 3/11/2021
Mandia said his company assesses based on the forensics that two groups of Chinese state-backed hackers — in an explosion of automated seeding — installed backdoors known as “web shells” on an as-yet undetermined number of systems.
More reliable memories needed for space flights 3/10/2021
Even today, however, it’s not always the most advanced technology that solves the problem. Older DRAM and SRAM are still commonly used, although emerging memories such as magnetoresistive random-access memory (MRAM) and resistive random-access memory (ReRAM) may offer solutions.
Biden promised to double offshore wind energy development 3/10/2021
President Joe Biden has vowed to double offshore wind production by 2030 as part of his administration's efforts to slow climate change. The likely approval of Vineyard Wind — one of two dozen offshore wind projects along the East Coast in varying stages of development — marks a sharp turnaround from the Trump administration, which stymied wind power both onshore and in the ocean.
IC shortage reviews that our U.S. semiconductor capacity are dwindling 3/10/2021
It might not seem important that 88% of the semiconductor chips used by U.S. industries, including the automotive and defense industries, are fabricated outside the U.S. However, three issues make where they are made critical to the U.S. as the global leader in electronics: lower capability, high global demand and limited investment.
Virus vaccine adds hope to world economy recovery 3/10/2021
The Organization for Economic Cooperation and Development on Tuesday raised its expectations for global GDP growth to 5.5% this year and 4% next year. That is up from a December forecast of 4.2% growth in 2021 and 3.7% for 2022.
Bosch to open a dedicated automotive chip factory in Dresden 3/9/2021
The 1 billion euro ($1.2 billion) plant will produce sensor chips to be installed in electric and hybrid electric vehicles.
Growth in Chinese export resumes 3/9/2021
Exports rose to $468.9 billion, customs data showed Sunday, accelerating from December’s 18.1% gain and nearly double the growth expected by forecasters. Imports jumped 22.2% to $365.6 billion, up from December’s 6.5% increase.
Founder of McAfee Software indicted on fraud and money laundering conspiracy 3/9/2021
McAfee, 75, was charged in a newly unsealed indictment in Manhattan federal court along with Jimmy Gale Watson Jr., who served as an executive adviser on what prosecutors described as McAfee's “so-called cryptocurrency team.”
Oil prices soar as Saudi Arabian oil facilities were targeted by drone strikes 3/9/2021
Brent crude, the international standard, surpassed $70 per barrel for the first time in over a year, gaining $1.14 to $70.47 a barrel. It surged $2.62 on Friday.
Astronauts installed new solar panels to boost power to International Space Station 3/8/2021
NASA is upgrading the space station’s power grid to accommodate more astronauts and experiments, now that SpaceX is launching crews and Boeing should be too by year’s end. The eight solar panels up there now have degraded over time; the oldest were launched 20 years ago.
Employers added a surprisingly robust 379,000 jobs last month 3/8/2021
The economy is strengthening as virus cases drop, vaccinations ramp up, Americans spend more and states ease business restrictions.
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