WASHINGTON—Hedge fund Standard General sharply criticized the U.S. Federal Communications Commission’s (FCC) decision to hold hearings on its $5.4 billion plan to buy television station operator Tegna, saying on Monday it was “tantamount to denying” the deal. The FCC, which regulates telecommunications, said on Friday it would hold a hearing on the planned acquisition of…
Standard General to Press on With Tegna Purchase Despite FCC Action
US to Loan Li-Cycle $375 Million for New York Recycling Plant
February 28, 2023
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The U.S. Energy Department on Monday said it will lend Li-Cycle Holdings Corp. $375 million as it builds a battery recycling facility in New York set to become one of the country’s largest sources of lithium by next year. The loan is the latest move by Washington to spur development of a domestic electric vehicle…
Stellantis, Unions Agree 2,000 Voluntary Job Cuts in Italy This Year
MILAN—Stellantis and unions signed an agreement to cut up to 2,000 workers from the carmaker’s Italian operations this year through voluntary redundancies, workers’ representatives said on Monday. The redundancies amount to more than 4 percent of Stellantis’ current workforce in Italy of around 47,000 people, FIM, UILM, Fismic, Uglm, and Aqcfr unions said in a…
Tesla Requests $330 Million-Plus in Additional Nevada Tax Breaks
RENO, Nev.—Tesla may receive over $300 million in tax abatements over the next two decades for a massive new expansion of its northern Nevada facility, the product of a 2014 deal for when the company first came to the area on the promise of new jobs and major investments in the area. The long-awaited sum—kept…
House Wants Companies to Tell Consumers About Cameras, Microphones in Devices
February 28, 2023
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The House of Representatives on Feb. 27 overwhelmingly voted to make manufacturers tell consumers if an Internet-connected device comes with a camera or microphone, with enforcement left to the Federal Trade Commission. That requirement does not cover certain devices, such as “a telephone (including a mobile phone), a laptop, tablet, or any device that a…
Prayer App Beats Facebook and TikTok in Apple’s App Store Rankings
Hallow, a Catholic prayer and meditation app, recently beat Big Tech companies like Google, Instagram, and Spotify to rank as a top Apple app at the beginning of the Lenten season. On Ash Wednesday, celebrated this year on Feb. 22, Hallow ranked No. 3 on the Apple app store’s list of top free apps. “God…
Britishvolt: Australian EV Battery Startup Completes Takeover of UK Venture
February 27, 2023
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Australian startup Recharge Industries has confirmed that it has completed the takeover of Britishvolt—the UK company that failed to build a battery factory in northeast England. Founded in 2019, Britishvolt had promised to build a £3.8 billion ($4.6 billion) gigafactory to produce batteries for electric cars in Blyth, Northumberland. The company said it would employ…
Republicans Alarmed by Beijing’s Efforts to Spread Propaganda on Western Outlets
February 27, 2023
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Republican lawmakers are expressing alarm over Beijing’s persistent efforts to use Western outlets to spread its narratives, including claims that Washington had overreacted to a “wandering balloon” and damaged the bilateral relationship. In an op-ed recently published in the Washington Post, Xu Xueyuan, the chargé d’affaires at the Chinese regime’s embassy in Washington, repeated Beijing’s…
Republicans Sound Alarm on Beijing’s Efforts to Spread Propaganda in Western Outlets
February 27, 2023
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Asia & PacificBusiness & MarketsChinaChina DailyChinese RegimeChinese spy balloonCompaniesInfiltrating the WestMarco RubioMarsha BlackburnMedia & Big TechPoliticsRepublicansSpecial TopicsUSUS NewsUS-China relationsWorld
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Republican lawmakers are expressing alarm over Beijing’s persistent efforts to use Western outlets to spread its narratives, including claims that Washington had overreacted to a “wandering balloon” and damaged the bilateral relationship. In an op-ed recently published in the Washington Post, Xu Xueyuan, the chargé d’affaires at the Chinese regime’s embassy in Washington, repeated Beijing’s…
‘Dilbert’ Distributor Severs Ties With Creator Scott Adams Over Alleged Racist Remarks
Dilbert comic strip distributor Andrews McMeel Universal (AMU) has announced it will no longer work with the creator of the cartoons, Scott Adams, following allegedly racist comments he made. In a statement, Andrews McMeel chairman Hugh Andrews and CEO and president Andy Sareyan said Universal is” severing our relationship” with Adams, adding that the “process of this termination will extend to all…
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