December, 2022

• 17 December

  California OKs $2.9bn to double car chargers

    Bloomberg California will spend $2.9 billion building out its network of electric vehicle chargers and hydrogen fueling stations as the state moves to phase out fossil fuel-burning cars and trucks. The California Energy Commission said it would more than double the 80,000 public chargers already deployed across the state and keep the city on track to reach its goal ...

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• 17 December

  US scientists make breakthrough in nuclear fusion energy

  

    Bloomberg Scientists in California have made a key breakthrough in nuclear fusion, a technology with the potential to transform the global energy landscape. Researchers at the US Department of Energy’s Lawrence Livermore National Laboratory near San Francisco were able produce a fusion reaction that generated more energy than it consumed. Fusion is the same process that powers stars and ...

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• 17 December

  US lawmakers press Amazon on warehouse-rebuilding plan

  

    Bloomberg Three US lawmakers questioned Amazon.com Inc’s plans for rebuilding an Illinois warehouse that collapsed in a tornado last year, killing six workers and prompting an investigation by workplace safety regulators. The lawmakers said the e-commerce company should be constructing the warehouse with stronger safety features than existed before the collapse. Amazon is a tenant in the facility owned ...

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• 17 December

  Rolls-Royce car factory staff get record pay rise in Britain

  

    Bloomberg Workers at Rolls-Royce Motor Cars Ltd will receive as much as an 18% pay increase, which the Unite union claimed was a record increase. Around 1,200 staff who put together the luxury brand’s Phantom, Ghost and Cullinan models at its factory in Goodwood voted in favour of a 10% wage increase along with a one-off payment of £2,000 ...

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• 17 December

  Tesla says new Texas factory is making 3,000 SUVs a week

    Bloomberg Tesla Inc is building 3,000 Model Y SUVs a week at its new Austin, Texas, factory — a sign that the electric-car maker is making up for lost time at the money-losing plant. Tesla shared the new production figure in a tweet. The milestone comes a week after Bloomberg News reported that Chief Executive Officer Elon Musk had ...

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• 17 December

  France faces higher recession risk as downturn in Germany eases

  

  Bloomberg Private-sector activity in the euro area’s top two economies shrank in December, but while France faces a greater risk of falling into recession, the downturn underway in Germany is showing signs of easing as inflation cools. S&P Global’s flash Purchasing Managers Index for France dropped to its lowest level in almost two years, unexpectedly falling to 48 on service-sector ...

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• 17 December

  Renault board empowers CEO de Meo

    Bloomberg Renault SA’s board named CEO Luca de Meo as a director and reappointed Chairman Jean-Dominique Senard for another four-year term, a sign of support for their plan to reshape the partnership with Nissan Motor. De Meo, 55, will replace Frederic Mazzella on the French company’s 16-member board, the maker of Austral and Megane E-Tech cars said, confirming a previous ...

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• 17 December

  Starbucks staff begin three-day strike as contract talks sour

  

    Bloomberg Starbucks Corp baristas at 50 locations throughout the US are starting a three-day strike, saying the company isn’t bargaining fairly with recently unionised stores. Organisers say the planned strike will involve more than 1,000 workers, making it the biggest multiday work stoppage ever by Starbucks Workers United, the labour group that’s prevailed in elections at about 270 of ...

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• 17 December

  North Korea tests new engine for long-range missile strikes

  

  Bloomberg North Korean leader Kim Jong-un oversaw the test of a new solid-fuel rocket engine that could enhance the state’s ability to fire off quick-strike, longer-range missiles for delivering nuclear warheads. State media said Kim “guided the important test” of a “high-thrust solid-fuel motor,” noting it was the first of its kind for the country. “This important test has provided ...

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• 17 December

  Putin to visit Belarus for talks with Lukashenko

  

  Bloomberg Vladimir Putin is to travel to Belarus on Monday in his first visit in more than three years to his ally in Russia’s invasion of Ukraine. President Alexander Lukashenko will host Putin in Minsk for talks on security and “joint measures to respond to emerging challenges,” as well as economic cooperation including on import substitution, according to a statement ...

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