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Facebook, Ambani can be happy together

When naming his telecom foray in 2016, Mukesh Ambani chose the mirror image of OIL, the commodity that has made him India’s richest man. In hindsight, Jio was a good choice. The week that oil prices turned negative, the refining tycoon won a $5.7 billion investment from Facebook Inc for his digital assets, Jio Platforms Ltd. Like his wordplay, the ...

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Covid-19: Plastic bags are making a comeback

After decades of bitter fights, environmentalists seemed to be winning the war against single-use plastics in recent years, with cities around the world banning or taxing them. Then the coronavirus arrived, raising fears that reusable goods might lead to infections. The impact has been swift. From Maine to Hawaii, plastic-bag bans have been suspended or postponed. In San Francisco, reusable ...

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Did Dems get rolled on US’s new rescue plan?

So a deal was reached on the bill to supplement the money for small business and other new pandemic relief. Congressional Republicans had wanted $250 billion for the Paycheck Protection Program for small-business loans. The final bill added up to a $480 billion package, with Democrats winning aid for hospitals and increased coronavirus testing, plus provisions for smaller banks to ...

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