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| Small nuclear reactors can backup renewable energy generations |
10/20/2020 |
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“The ideal world for utility companies and their customers, and the most cost-effective, are portfolios containing a high percentage of low-cost renewables, backed up by stable, carbon-free nuclear energy that is available 24 hours a day, 365 days a year.”
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| China tighten sensitive technology export |
10/20/2020 |
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Under the law, China can take “reciprocal measures” toward countries or regions that abuse export controls and threaten its national security and interests.
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| U.S. retail sales jumped 1.9% |
10/19/2020 |
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Much of last month's growth came from clothing stores, where sales rose 11%. At auto dealerships and auto part shops, sales were up 3.6%. And those looking to go camping or buy exercise equipment for their homes sent sales at sporting goods stores up 5.7%.
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| U.S. layoff remains high |
10/16/2020 |
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Number of Americans seeking unemployment benefits rose last week to 898,000, a historically high number and evidence that layoffs remain a hindrance to the economy’s recovery from the pandemic recession that erupted seven months ago.
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| Huawei to divest its low end smartphone unit |
10/15/2020 |
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Embattled Huawei is resetting its priorities in the face of U.S. sanctions and will focus on its higher-end Huawei phones rather than the Honor brand which is aimed at young people and the budget conscious.
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| UPS to add 600 jobs at N.C. hub |
10/15/2020 |
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The package car center in Graham will generate about 450 jobs, while another approximately 140 positions will be created at the hub, according to Gov. Roy Cooper’s office, which along with UPS announced the $316 million investment projects happening over four years.
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| Ikea to buy back and recycle old furniture |
10/14/2020 |
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“A circular economy can only be achieved through investment and collaboration with customers, other businesses, local communities and governments, so we can eradicate waste and create a cycle of repair, reuse, refurbishment and recycling”.
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| Nokia wins 5G contract over Huawei in Belgium |
10/13/2020 |
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The moves are among the first by commercial operators in Europe to drop Huawei from next-generation networks and come after months of diplomatic pressure from Washington, which alleges Huawei equipment could be used by Beijing for spying.
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| AMD aims at acquiring Xilinx |
10/13/2020 |
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The WSJ reported that AMD’s stock grew 89% this year, and the company now has a valuation over $100 billion. Xilinx, meanwhile, has had to contend with the vicissitudes of President Donald Trump’s trade war with China; it tried and failed to secure a dispensation to keep supplying Huawei.
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| Global economic watchdog proposed an overhaul of international tax rules |
10/13/2020 |
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The Paris-based Organization for Economic Cooperation and Development, which advises the world's top economies, said its global tax overhaul framework will be presented to Group of 20 finance ministers meeting this week and could be implemented by mid-2021 if an agreement is reached. The group estimated the measures could raise an extra $100 billion in corporate tax revenues annually.
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