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Green Tasmania could help wean Australian cities off coal

Bloomberg Tasmania wants to turn itself into a battery. The island state off the Australian mainland’s southern tip is pursuing what its leaders say is the world’s most ambitious renewable energy target, boosting hydro and wind generation to twice its own needs by 2040 and exporting the rest via a planned undersea cable. The strategy could play a key role ...

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Covid-19: There are two recessions now, not one

Of the 21.4 million nonfarm payroll jobs that disappeared in the US from mid-February to mid-April, 17.6 million, or 86%, were in the six lowest-paid (as measured by average weekly wages in February) of the 11 supersectors into which the Bureau of Labor Statistics divides our economy. In May, those supersectors together added 3 million jobs, or well more than ...

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WhatsApp gets raw deal in payments

Money is many things, but it’s not fake news. So why block WhatsApp from spreading it around? India is the laboratory of choice for Western tech firms to test out their mobile payment capabilities so they can be rolled out from Bangladesh to Nigeria. Facebook Inc CEO Mark Zuckerberg entered the fray two years ago by enabling the popular messaging ...

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