A lithium-ion battery photographed at a Volkswagen plant in Germany. Lithium-ion batteries are crucial components of electric vehicles. Jan Woita | Image Alliance | Getty Images LONDON – A facility described as Britain’s “first large-scale lithium refinery” will be located in the north of England, and those behind the project hope its output will hit … Read more
BRUSSELS— Microsoft Corp. faces an antitrust complaint from a European industry group over its cloud services, adding to the latest allegations of anti-competitive behavior against the US tech company. Cloud Infrastructure Service Providers in Europe, or Cispe, a trade group that includes Amazon.com Inc. among its members, said it filed the complaint with the bloc’s … Read more
Editor’s Note: A version of this article appears in Wednesday’s edition of CNN’s Meanwhile in the Middle East newsletter, a three-times-a-week look inside the region’s biggest stories. Sign up here. CNN — On the easternmost outskirts of Cairo, the Egyptian government is building a giant belt of lakes and parks deep in the desert. Creators … Read more
Hello, MarketWatchers. Don’t miss these top stories. Housebuilders struggle to find buyers as developer cancellations mount: ‘Build-to-rent market increasingly important’ Homebuilders are struggling amid the housing downturn, UBS analyst John Lovallo told MarketWatch. Read more $2 billion Powerball results finally announced: Here are the winning numbers. The drawing was held after a 10-hour delay. Read … Read more
The home screen of the Disney+ Marvel website on a laptop in the Brooklyn borough of New York, United States, on Monday, July 18, 2022. Gabby Jones | Bloomberg | Getty Images The biggest media and entertainment companies are asking investors to focus on revenue and profits instead of streaming subscriber growth – a message … Read more
Check out the companies making headlines in the dinner trade. Lyft — Shares of Lyft plunged 22.9% after the company’s earnings report showed mixed results last quarter. The ride-hailing company reported adjusted earnings per share of 10 cents, beating analysts’ expectations of 7 cents, but revenue fell short of the Street’s forecast, coming in at … Read more
The COP27 climate conference represents an opportunity to move forward, but a significant step-up of efforts will be required in the coming years, according to a former special assistant to President Barack Obama. Speaking at CNBC’s Sustainable Future Forum last week, Alice Hill was asked if she was optimistic or very concerned about the pace … Read more
Sales force confirmed on Tuesday that it is cutting some employees this week after the company’s software maker saw demand ease in some countries and industries. Protokol previously reported on the cuts, saying they could affect up to 2,500 employees. A person familiar with the matter said Salesforce let go fewer than 1,000 people on … Read more
BRUSSELS— Microsoft corp. MSFT 0.44% is facing an antitrust complaint from a European industry group over its cloud services, adding to the latest allegations of anti-competitive behavior against the US tech company. Cloud Infrastructure Service Providers in Europe, or Cispe, a trade group that includes Amazon.com Inc. among its members, said it filed the complaint … Read more
CNN — Two British-Iranian journalists working in the United Kingdom have been warned by police of a “credible” plan by Iran to kill them, according to their employer, London-based news channel Iran International. In a statement on Monday, the Farsi-language broadcaster said it was “shocked and deeply concerned” by the alleged deadly threats, while accusing … Read more