Building The Future: Automation And Robotics Transform Solar Farm Installation

Robots can now make the construction of solar farms a lot easier and safe for humans. With robots building these farms, more people could gain access to green energy faster. According to a report by Canary Media, the use of robots and automation for solar farms could help reach the net-zero goal in the next…

ByFinance Capitol StaffMay 19, 2023

Business National News

Corporate Giants Embrace Solar Energy: Liberty Solar Project to Power Wayfair, Biogen, And More

Liberty Solar, a solar farm in Texas developed by Recurrent Energy will produce energy by 2024 and it will power five major companies. Recurrent Energy, a filial of Canadian Solar Inc. announced last Monday that it signed an aggregated virtual power purchase agreement with an Industry Consortium that includes EMD Electronics, Biogen Inc., Wayfair Inc.,…

ByFinance Capitol StaffMay 17, 2023

Business

Tiktok Represents ‘Strategic’ Challenge, Says Top US Cyber Official

RUTHERFORD, California, March 27 (Reuters) - The head of the U.S. National Security Agency's cybersecurity directorate on Monday said TikTok represents a "strategic issue" rather than an immediate "tactical" threat to the United States. Speaking at a policy conference in Northern California, Rob Joyce, director of cybersecurity for the spy agency, reiterated the agency's earlier…

ByStephen Nellis, ReutersMarch 27, 2023

Business Financial Updates National News

Wall Street Down As Credit Suisse Sparks Fresh Bank Selloff

NEW YORK, March 15 (Reuters) - U.S. stocks pared losses late on Wednesday but the Dow and S&P 500 still closed lower, as problems at Credit Suisse revived fears of a banking crisis, eclipsing bets on a smaller U.S. rate hike this month. Benchmark indexes regained some ground in late trade after Bloomberg reported the…

ByDavid Carnevali, ReutersMarch 17, 2023

Business

California To Not Do Business With Walgreens Over Abortion Pills Issue- Governor

March 6 (Reuters) - California will not do business with Walgreens Boots Alliance Inc, state Governor Gavin Newsom said in a tweet on Monday, days after the pharmacy chain said it would not dispense abortion pills in some Republican-dominated states. The state refuses to do business with Walgreens or "any company that cowers to the…

ByRaghav Mahobe, ReutersMarch 7, 2023

Business

U.S. solar panel imports from China grow, alleviating gridlock, officials say

March 6 (Reuters) - U.S. imports of solar panels are finally picking up after months of gridlock stemming from implementation of a new law banning goods made with forced labor, according to two Chinese solar companies. A White House official confirmed the thaw in shipments at an energy conference on Monday, attributing it to clearer…

ByNichola Groom, ReutersMarch 6, 2023

Business Financial Updates uncategorized

Biden To Require Chips Companies Winning Subsidies To Share Excess Profits

WASHINGTON, Feb 28 (Reuters) - The Biden administration on Tuesday said it will require companies winning funds from its $52-billion U.S. semiconductor manufacturing and research program to share excess profits and explain how they plan to provide affordable childcare. The Commerce Department on Tuesday released its plans to begin accepting applications in late June for…

ByDavid Shepardson, ReutersFebruary 28, 2023

Business

U.S. FDA Calls For New Regulatory Framework For Use Of Cannabis Compound CBD

Jan 26 (Reuters) - The U.S. Food and Drug Administration said on Thursday it does not intend to make any new guidance on the use of the popular cannabis compound CBD in food and supplements, saying the United States needs to develop a new framework to ensure its safe use. The health regulator said it would work…

ByReutersJanuary 31, 2023

Business

Imperial Oil To Invest $539 Mln In Renewable Diesel Plant In Canada

By Nia Williams and Sourasis Bose Jan 26 (Reuters) - Imperial Oil IMO.TO on Thursday said it will invest C$720 million ($538.64 million) to construct Canada's largest renewable diesel facility at its Strathcona refinery near Edmonton, Alberta. The Calgary-based company said the facility will produce 20,000 barrels per day of renewable diesel and is expected to start production in 2025. Imperial expects regulatory approval for the…

ByReutersJanuary 31, 2023

Business

Coinbase to pay $50 mln to settle NY state investigation, invest $50 mln in compliance

WASHINGTON, Jan 4 (Reuters) - U.S.-based cryptocurrency exchange Coinbase Inc COIN.O has reached a $100 million settlement with New York's Department of Financial Services (DFS), the exchange and the regulator said in statements on Wednesday. The settlement, which includes a $50 million penalty, caps the regulator's investigation into the firm's compliance with requirements to prevent money laundering. The department…

ByReutersJanuary 11, 2023

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