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World Bank approved $12 billion to help developing countries buy and distribute coronavirus vaccines 10/15/2020
“We are extending and expanding our fast-track approach to address the COVID emergency so that developing countries have fair and equal access to vaccines,” said the bank's president, David Malpass.
UPS to add 600 jobs at N.C. hub 10/15/2020
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.
Ikea to buy back and recycle old furniture 10/14/2020
“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”.
China’s vehicle sales picks up in September 10/14/2020
Sales rose 17.4% over a year earlier to 2.6 million vehicles, up from August’s 11.6% growth, according to the China Association of Automobile Manufacturers.
U.S. consumer prices rose 0.2% last month 10/14/2020
Overall inflation for the last 12 months is up 1.4% while core inflation, which excludes energy and food, is up 1.7%.
Foxconn scales back $10 billion dollar Wisconsin project 10/14/2020
State officials have told Foxconn since last year that it would not qualify for the tax credits without revisions to its 2017 contract because the scope of the envisioned factory has been reduced.
Nokia wins 5G contract over Huawei in Belgium 10/13/2020
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.
AMD aims at acquiring Xilinx 10/13/2020
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.
Global economic watchdog proposed an overhaul of international tax rules 10/13/2020
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.
We need to keep our aviation system from being hacked 10/13/2020
The Government Accountability Office said that without improvements, “FAA may not be able to ensure sufficient oversight to guard against evolving avionics cybersecurity risks.”
IBM to break off cloud computing into new public company 10/12/2020
The 109-year-old tech company said Thursday it is spinning off its managed infrastructure services unit into a new public company, temporarily named NewCo. The separation is expected to take effect by late 2021.
U.K. to consider moving up Huawei 5G ban for 2 years 10/12/2020
A committee of British lawmakers is urging the government to consider banning Chinese technology giant Huawei from next-generation mobile phone networks two years earlier than planned (2027).
Lockheed Martin joins the rank into Military hypersonic-specific technology developments 10/12/2020
Lockheed Martin today announced the signing of a definitive agreement to acquire a portion of Integration Innovation Inc. (i3), a software and systems engineering company based in Huntsville, Alabama. The portfolio alignment between i3 and Lockheed Martin provides the opportunity to design and deliver hypersonic-specific technology solutions that benefit the warfighter.
Driverless taxis to get into public service in Phoenix 10/12/2020
Waymo, a leader in autonomous vehicle technology, announced it will begin offering driverless taxi rides for certain consumers in the Phoenix area.
Taiwan chip contractors report stronger-than-expected boost due to new Apple chips 10/9/2020
TSMC saw revenue for the three months to September climb to a record NT$356.4 billion ($12.4 billion), up from NT$293 billion a year earlier.. Fellow Taiwanese chipmakers United Microelectronics Corp. and MediaTek Inc. on Thursday also reported strong sales, suggesting a broad recovery in the industry.
An astronaut pull himself out of scheduled space flight for daughter's wedding 10/9/2020
In a video posted to his Twitter account, Ferguson said it was a difficult decision, but “next year is very important for my family.” He said he has several commitments “which I simply cannot risk missing.” A Boeing spokeswoman confirmed one is his daughter's wedding.
Aviation industry to get worst before it gets better 10/9/2020
COO Michael Schoellhorn relayed recently that the situation facing the aviation industry this fall was actually worse than the company had expected.
Trump now looking to salvage part of stimulus bill 10/9/2020
He called on Congress to send him a “Stand Alone Bill for Stimulus Checks ($1,200)” — a reference to a preelection batch of direct payments to most Americans that had been a central piece of negotiations between Pelosi and the White House.
Drug company asked for emergency approval on usage of experimental antibody therapy 10/8/2020
Early results from a study that suggested the drug reduced symptoms, the amount of the virus, hospitalizations and ER visits.
Trump administration announced plans to sharply limit H1-B work visas 10/8/2020
About one-third of applicants would be denied under the new rules, which include limits on the number of specialty occupations open to H-1B holders. President Donald Trump in June issued an order temporarily suspending the H-1B program until the end of the year.
IMF predicts long recovery 10/8/2020
“We continue to project a partial and uneven recovery in 2021,” Georgieva said in a speech previewing next week’s fall meetings of the 189-nation IMF and its sister lending agency the World Bank where the IMF will release its updated economic outlook.
Fed Chairman: Recovery will be slow without further stimulus 10/8/2020
Powell asserted that economic support from the government — including expanded unemployment insurance payments, direct payments to most U.S. households and financial support for small businesses — has so far prevented a recessionary “downward spiral” in which job losses would reduce spending, forcing businesses to cut even more jobs.
Nvidia CEO Jensen Huang said he will broaden ARM's product vision after acquisition 10/7/2020
Huang said ARM's chip technology has been too narrow, despite enormous success.
Micron is studying Chinese made DRAMs for patent infringement 10/7/2020
Micron has indicated to DRAM module makers that ChangXin ICs infringe Micron patents.
Subaru of America sales numbers give auto industry some hope 10/7/2020
CEO of Subaru of America Inc., stated, “This has been a challenging year for us all, but the success we have seen this month gives me hope and excitement for a strong fourth quarter.”
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