As mankind puts the world’s largest living structure at risk, economists have come up with a new solution: put a price tag on it. Australia’s Great Barrier Reef is bigger than Japan, visible from space and one of the most complex ecosystems on earth. But it’s also under siege from climate change, agricultural runoff, coastal development and illegal fishing. Debate …
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Don’t leave Uber to the courts
A London tribunal’s ruling last week that Uber drivers aren’t self-employed was hailed as a victory by the company’s critics. The court upheld an earlier finding that Uber resorted to “fictions” and “twisted language” in denying its obligations as an employer, and that its claim to be a service linking 30,000 small businesses to their customers was “faintly ridiculous.” Clear …
Read More »Germany is burning too much coal
Germany is widely seen as a world leader in the fight against climate change. Thanks to its investments in renewable power, wind and solar energy provide a third of its electricity, more than double the US share. Germany’s goal to lower carbon-dioxide emissions 40 percent by 2020 is significantly more ambitious than that of Europe as a whole or the …
Read More »As India endures blanket of smog, China’s battle offers lessons
As New Delhi suffers through a surge in the most harmful type of smog—a toxic stew that makes India’s capital one of the most polluted in the world—Beijing offers lessons in how another troubled city made progress clearing the air. China, which for more than a decade has been the world’s biggest emitter of carbon dioxide, has made its capital …
Read More »Narendra Modi’s early Christmas gift
If he doesn’t already, Narendra Modi should start believing in Santa Claus. For the Prime Minister, whose party faces an important poll in Modi’s home state next month, the one-notch rating bump to Baa2 by Moody’s Investors Service is an early Christmas present. More importantly, the rationale for the upgrade cites two of his most destabilizing measures of the past …
Read More »China doesn’t want your junk anymore but Japan does
For 30 years China has recycled more cardboard boxes, plastic bottles and old computers than any other nation. By doing so, it’s saved millions of tons of resources and indirectly funded thousands of recycling programs and companies globally. But now it wants to stop. In July, China notified the World Trade Organisation that it will soon prohibit the import of …
Read More »Tesla unveils all new electric Semi truck
Bloomberg Tesla Inc.’s Elon Musk is showing the world a big rig-worth of reason to take seriously his master plan to electrify all the major forms of “terrestrial transport.†The electric-car maker offered scant detail ahead of his remarks, saving information such as range, price and production plans for Musk to announce. The company did say the truck will offer …
Read More »Volkswagen earmarks $40 billion for self-driving, electric-vehicle push
Bloomberg Volkswagen AG will spend more than 34 billion euros ($40 billion) over the next five years to develop automotive technology for an era of electric robo-taxis. With the unprecedented investment through 2022, Volkswagen is accelerating its push into battery-powered vehicles, autonomous-driving features and ride-hailing systems, the Wolfsburg, Germany-based company said in a statement. Volkswagen is seeking to defend its …
Read More »AT&T deploys ‘Flying COW’ in Puerto Rico
Bloomberg AT&T Inc. has deployed a drone to act as a “cell tower in the sky†to help provide communication services in hurricane-ravaged Puerto Rico, the first time the technology has been used to reconnect residents after a disaster, the company said. The Federal Aviation Administration announced its approval for the use of the vehicle, which resembles a small helicopter. …
Read More »Apple to target rear-facing 3-D censor for 2019 iPhone
Bloomberg Apple Inc. is working on a rear-facing 3-D sensor system for the iPhone in 2019, another step towards turning the handset into a leading augmented-reality device, according to people familiar with the plan. Apple is evaluating a different technology from the one it currently uses in the TrueDepth sensor system on the front of the iPhone X, the people …
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