Business News

South Africa's new plan to end power cuts is seriously flawed
2024-01-09 20:13:29
South Africa experienced unprecedented electricity shortages in 2023 as aging coal plants became increasingly prone to breakdowns. The country urgently needs to develop new electricity generation facilities and reduce reliance on coal power.
Fake Facebook ads hit Minnesota clothing business, scam hundreds
2024-01-09 14:54:33
Daryl Vallad thought he was getting a great deal on an ice fishing flotation suit for $60 rather than the usual $300.
GE spinoff to fill massive order for turbines to power Western Hemisphere's largest wind project
2024-01-09 13:33:57
A spinoff of General Electric will be building hundreds of turbines for what will be the largest wind project in the Western Hemisphere, part of a massive equipment order and long-term service agreement with global renewable energy giant Pattern Energy.
New labor rules aim to offer gig workers more security, though some employers won't likely be happy
2024-01-09 13:33:57
The Biden administration enacted a new labor rule Tuesday that aims to prevent the misclassification of workers as "independent contractors," a step that could bolster both legal protections and compensation for many in the U.S. workforce.
EU examines Microsoft investment in OpenAI
2024-01-09 13:33:57
The European Union's competition regulator said Tuesday it was looking into Microsoft's investment into ChatGPT developer OpenAI to see if it merits further investigation under the bloc's merger rules.
Airlines say they found loose parts in door panels during inspections of Boeing Max 9 jets
2024-01-09 10:33:54
Federal investigators say a door panel slid up before flying off an Alaska Airlines jetliner last week, and they are looking at whether four bolts that were supposed to help hold the panel in place might have been missing when the plane took off.
Indonesia temporarily grounds Boeing 737-9 Max jetliners after Alaska Airlines incident
2024-01-09 10:33:53
Indonesia has temporarily grounded three Boeing 737-9 Max jetliners, following an incident last week in which an Alaska Airlines plane suffered a blowout that left a gaping hole in the side of the fuselage.
France drops renewables targets in new energy bill
2024-01-09 10:33:53
Critics are deriding as a step backward a new French energy bill that favors the further development of nuclear power and avoids setting targets for solar and wind power and other renewables.
A look at recent crashes and safety problems involving Boeing planes
2024-01-09 10:33:53
The blowout of part of the fuselage on a Boeing 737 Max flying over Oregon is the latest in a string of safety problems—including two devastating crashes—for the aerospace giant.
US retail mortgage lender loanDepot struggles with cyberattack
2024-01-09 10:33:53
The U.S. retail mortgage lender loanDepot is struggling to recover from a cyberattack that impacted its loan processing and phone service.
Anker’s flagship power station can charge an EV and make homes energy independent
2024-01-09 04:25:35
Energy independence for less, says Anker.
Boeing jetliner that suffered inflight blowout was restricted because of concern over warning light
2024-01-08 19:23:01
The Boeing jetliner that suffered an inflight blowout over Oregon was not being used for flights to Hawaii after a warning light that could have indicated a pressurization problem lit up on three different flights, a federal official said Sunday.
Rolls-Royce delivers record number of cars in 2023
2024-01-08 19:22:44
Rolls-Royce Motor Cars delivered a record number of luxury vehicles last year when clients also began taking possession of its first all-electric Spectre model, the German-owned brand said Monday.
EU approves 900-mn-euro German aid for battery plant
2024-01-08 18:45:24
The EU approved Monday a 900-million-euro German state subsidy for electric vehicle battery firm Northvolt to build a plant in Germany that might have otherwise been lured to the United States.
A natural gas plant guarding US Northeast from winter blackouts is at risk
2024-01-08 18:45:23
A natural gas terminal that's been operating for more than half a century has been a crucial safeguard against blackouts when bone-chilling cold hits the U.S. Northeast. In less than five months, it's slated to shut forever.
Boeing shares tumble as investigators recover part of plane panel
2024-01-08 18:45:23
Shares of Boeing plunged early Monday after an airplane panel blew out mid-flight, reviving safety questions at a time when the company hoped to recover its reputation.
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2024-01-08 16:00:32
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Rooftop-solar industry blames PG&E, Newsom as Bay Area businesses struggle
2024-01-08 14:33:13
Bay Area rooftop-solar businesses are reeling from a statewide change that gutted compensation for homeowners returning surplus power to the electrical grid, causing applications for new solar to plunge to a 10-year low and leading to layoffs in an industry that had expected to lead the vanguard toward more sustainable, environmentally friendly energy use.
Alaska Airlines and United cancel hundreds of flights following mid-air door blowout
2024-01-08 13:38:39
Alaska and United are the only two U.S. commercial airlines that operate Boeing 737 Max 9 aircraft, the type of plane involved in Friday's incident.
Boeing hit by new headwinds in recent mid-flight scare
2024-01-08 12:20:36
A mid-air emergency in which a piece of fuselage came off a Boeing 737 MAX 9 jetliner as it flew over the US west coast dealt a new blow to the oft-beleaguered manufacturer.

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