Private companies including Volkswagen and Siemens have pledged to invest more than $700 million to boost U.S. manufacturing capacity for electric vehicle (EV) chargers, the White House announced on Tuesday. The move is set to increase domestic capacity to manufacture more than 250,000 new EV chargers every year and will add at least 2,000 jobs, while…
Volkswagen, Siemens Among Companies Investing Over $700 Million to Boost EV Charger Production
June 29, 2022
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Business & MarketsCompanieseconomic policieseconomyelectric vehicleEnvironmentScienceSiemensUSUS NewsVolkswagen
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Australia Adopts 43 Percent Emission Reduction Target Despite Current Energy Shortage
Australia’s Minister for Climate Change and Energy, Chris Bowen, has revealed the new centre-left Australian government’s climate bill, which will set a target of 43 percent emissions reduction by 2030 and net-zero by 2050. Speaking to the National Press Club on Wednesday, Bowen said Labor would establish a Climate Change Authority to “assess and publish…
R. Kelly Seeks 10 Years in Prison, the Minimum, as Sentencing Looms in Sex Case
NEW YORK—R. Kelly deserves no more than 10 years in prison despite his conviction for scheming over decades to recruit women and girls for sex, reflecting how history as an abused child may have led to his adult “hypersexuality,” the R&B singer’s lawyer said. Kelly’s bid for leniency was detailed in a Tuesday filing in…
Meet the ‘Zombie Star’ That Survived a Supernova Blast
WASHINGTON—Astronomers have observed in a relatively nearby galaxy a star that not only survived what ordinarily should have been certain death—a stellar explosion called a supernova—but emerged from it brighter than before the blast. Meet the “zombie star.” The star at issue, observed with the Hubble Space Telescope, is a kind known as a white…
Hinckley Says He’s Sorry for Shooting That Wounded Reagan
WASHINGTON—The man who wounded President Ronald Reagan in 1981 apologized for his actions Tuesday and said he doesn’t remember what he was feeling when he fired the shots that also wounded three others. John Hinckley Jr. told CBS Mornings in his first televised interview since he was freed from all court oversight this month that…
Police: 2 Arrested After Armed Jewel Heist at Dutch Art Fair
THE HAGUE, Netherlands—Smartly dressed robbers wielding what appeared to be weapons and a sledgehammer snatched jewelry in a brazen heist Tuesday at an international art fair in the southern Dutch city of Maastricht. Police quickly made two arrests and said they were hunting more suspects. Video purporting to be of the robbery and posted on…
Microsoft Faces Investor Call to Publish Global Tax Affairs
LONDON—Investors managing more than $350 billion of assets have demanded that Microsoft publish more transparent tax and financial information, as tech giants face growing scrutiny globally over their tax affairs. A shareholder resolution on tax transparency had been filed to Microsoft ahead of its annual investor meeting this year, said the organiser of the action,…
Gunmen Kill 2 Policemen, Polio Worker in Northwest Pakistan
PESHAWAR, Pakistan— Gunmen on motorcycles opened fire on Pakistani police escorting a team of polio workers Tuesday during a door-to-door inoculation campaign in a former Pakistani Taliban stronghold, killing two policemen and a polio worker, police said. No one immediately claimed responsibility for the attack in North Waziristan, a district in the Khyber Pakhtunkhwa province….
Biden, G-7 Leaders Pledge $4.5 Billion in Aid for Global Food Security: White House
June 29, 2022
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bidenBusiness & Marketseconomic policiesExecutive Branchfood securityInternationalPoliticsUSUS NewsWhite HouseWorld
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President Joe Biden and leaders from G-7 nations on Tuesday pledged to contribute billions of dollars in aid to address global food security prompted by Russia’s invasion of Ukraine. In a statement, the White House said that over half of the $4.5 billion contribution will come from the United States. Biden will also announce an additional $2.76 billion…
JetBlue Refuses to Give up Its Quest for Spirit Airlines
June 29, 2022
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Business & MarketsCompaniesInstitutional Shareholder ServicesJetBlue AirwaysSpirit AirlinesU.S. airlinesUSUS News
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CHICAGO—JetBlue Airways Corp. on Monday ratcheted up its bidding war with Frontier Group Holdings for Spirit Airlines Inc. as the race for the ultra-low-cost carrier enters the final stretch. Both bidders see Spirit as an opportunity to expand their domestic footprints at a time when the U.S. airline industry is dogged by labor and aircraft…
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