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Only once has US seen more billion-dollar weather disasters

Rally demanding recovery for those affected by hurricanes irma, maria and harvey

Bloomberg In the year that President Donald Trump pulled out of the Paris accord and downplayed global warming as a security threat, the US received a harsh reminder of the perils of the rise in the planet’s temperature: a destructive rash of hurricanes, fires and floods. The country recorded 15 weather events costing $1 billion or more each through early ...

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Uber investors all set to sell stocks

Uber loses its license to operate in london

Bloomberg Uber Technologies Inc. shareholders agreed to sell a sizable stake in the ride-hailing leader to an investor group led by SoftBank Group Corp., allowing the Japanese conglomerate to amass a piece of the company at a steep discount to the last valuation. The transaction implies a $48 billion value for Uber, according to a person familiar with the deal. ...

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Time for battery makers to rethink their technology

Road test of self driving car

Bloomberg Battery makers must rethink their technology if predictions for a wave of self-driving vehicles pan out, according to one of the inventors of the lithium-ion battery. In addition to focussing on making batteries more powerful to extend the driving range of single-owner cars, manufacturers will also need to develop devices that can withstand the rigors of near-constant driving and ...

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