Tag: break

IEA: Solar the ‘new king’ of power, will break records for decades to come

Solar's generation output could top 8,135TWh per year by 2040, the IEA has said. Image: Getty.

Solar’s generation output could top 8,135TWh per year by 2040, the IEA has said. Image: Getty.

Solar is the “new king” of electricity, the International Energy Agency has said, with the asset class set to deploy more new capacity then any other technology each year for the coming decades.

In its flagship World Energy Outlook report, published today, the IEA reflects on COVID’s impact on the energy economy before glancing forward to forecast the sector’s health and shape out to 2040.

Having already teased that solar would become the pre-eminent source of power in Europe in years to come, today the IEA has said solar PV, driven by continued cost reductions, will become the main driver of renewables growth, setting new records for deployment in each year from 2022 until 2040.

While this growth is more prominent in the IEA’s two more ambitious deployment scenarios, the Sustainable Development Scenario (SDS)

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7 Countries Tell Facebook To Break Encryption

The governments of seven countries are calling on Facebook and other tech firms to do the technically impossible – to weaken encryption by giving law enforcement access to messages, whilst not reducing user safety.

The governments of the U.S., U.K., Australia, New Zealand, Canada, India and Japan have issued the joint statement which pleads with Facebook specifically, as well as other tech firms, to drop “end-to-end encryption policies which erode the public’s safety online”.

The governments once again raise the issue of child abusers and terrorists using encrypted services such as WhatsApp to send messages without fear of content being intercepted.

“We owe it to all of our citizens, especially our children, to ensure their safety by continuing to unmask sexual predators and terrorists operating online,” the U.K.’s home secretary, Priti Patel, said in a statement.

“It is essential that tech companies

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IBM to break up 109-year old company to focus on cloud growth

(Reuters) – International Business Machines Corp IBM.N is splitting itself into two public companies, capping a years-long effort by the world’s first big computing firm to diversify away from its legacy businesses to focus on high-margin cloud computing.

IBM will list its IT infrastructure services unit, which provides technical support for 4,600 clients in 115 countries and has a backlog of $60 billion, as a separate company with a new name by the end of 2021.

The new company will have 90,000 employees and its leadership structure will be decided in a few months, Chief Financial Officer James Kavanaugh told Reuters.

IBM, which currently has more than 352,000 workers, said it expects to record nearly $5 billion in expenses related to the separation and operational changes.

Investors cheered the surprise move by Chief Executive Officer Arvind Krishna, the key architect behind IBM’s $34 billion acquisition of cloud company Red Hat

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IBM to Break up 109-Year Old Company to Focus on Cloud Growth | Technology News

(Reuters) – International Business Machines Corp

is splitting itself into two public companies, capping a years-long effort by the world’s first big computing firm to diversify away from its legacy businesses to focus on high-margin cloud computing.

IBM will list its IT infrastructure services unit, which provides technical support for 4,600 clients in 115 countries and has a backlog of $60 billion, as a separate company with a new name by the end of 2021.

The new company will have 90,000 employees and its leadership structure will be decided in a few months, Chief Financial Officer James Kavanaugh told Reuters.

IBM, which currently has more than 352,000 workers, said it expects to record nearly $5 billion in expenses related to the separation and operational changes.

Investors cheered the surprise move by Chief Executive Officer Arvind Krishna, the key architect behind IBM’s $34 billion acquisition of cloud company Red Hat last

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Are Tech’s Big Four Smart Enough to Break Themselves Up?

House Judiciary antitrust subcommittee Chair David Cicilline.
Photo: Kevin Dietsch-Pool/Getty Images

Buried in the one of the most chaotic news cycles of the year, earlier this week the House Judiciary Committee published a report based on its 15-month investigation into the antitrust potential of tech’s big four: Google, Apple, Facebook, and Amazon. “To put it simply, companies that once were scrappy, underdog startups that challenged the status quo have become the kinds of monopolies we last saw in the era of oil barons and railroad tycoons,” the 449-page report from the antitrust subcommittee states. “They not only wield tremendous power, but they also abuse it by charging exorbitant fees, imposing oppressive contract terms, and extracting valuable data from the people and businesses that rely on them.”

On the most recent episode of the New York podcast Pivot, co-hosts Kara Swisher and Scott Galloway consider the massive investigation and why the

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Boom Supersonic wants you to break the sound barrier

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Someday ordinary people might fly at supersonic speeds in this. 


Boom Supersonic

Boom Supersonic on Wednesday unveiled what it hopes to be the first step in letting ordinary people fly at supersonic speeds again. The XB-1 that rolled out at an event in Colorado won’t carry passengers, but it’ll serve as a demonstration aircraft to test the company’s technologies.

“We have begun to pave the path of a mainstream supersonic future,” said CEO Blake Scholl. “Today we stand on the precipice of a new age of travel.” 

The 71-foot XB-1 will use three General Electric engines with 12,000 pounds of thrust. As with the Concorde, a long pointy nose will obscure the view of the runway from the cockpit during landing, but cameras will take the place

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Science Centre aims to break boundaries with new series of virtual and on-site events, Singapore News & Top Stories

SINGAPORE – Young children will be able to discover world-changing science in a creative way when the Science Centre’s KidStop Steam Festival for Young Learners kicks off on Thursday (Oct 8).

The four-day event till Sunday (Oct 11) is aimed at children aged three to eight, and melds virtual and on-site events at KidsStop, the Children’s Science Centre.

Steam marries the four disciplines of science, technology, engineering and mathematics (Stem) with the arts so as to foster more holistic, multidisciplinary learning, said Associate Professor Lim Tit Meng, chief executive of the Science Centre.

Virtual events include interactive storytelling and sing-along sessions, while on-site activities include a coding challenge for kids to create and protect their own moving bot, and activities around marine conservation.

An All-In “passport” for $38 per child ($5 for accompanying adults) lets children enjoy both online and on-site activities at the festival.

Steam Festival is the first

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Democrats call for Congress to rein in, break up Big Tech

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FILE – This file combination of 2019-2020 photos shows Amazon CEO Jeff Bezos, Apple CEO Tim Cook, Google CEO Sundar Pichai and Facebook CEO Mark Zuckerberg. In a report issued Tuesday, Oct. 6, 2020, Democratic lawmakers called for Congress to rein in Big Tech, possibly forcing Facebook, Google, Amazon and Apple to sever their dominant platforms from their other lines of business and imposing new uniformity on the terms they offer users.

AP

Democratic lawmakers are calling for Congress to rein in Big Tech, possibly forcing Facebook, Google, Amazon and Apple to break up their businesses, while making it harder for them to acquire others and imposing new rules to safeguard competition.

The proposals in a report issued Tuesday follow a 15-month investigation by a House Judiciary Committee panel into the companies’ market dominance.

Those kinds of forced breakups through a legislative overhaul would be a radical step for

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Cicilline panel calls for Congress to rein in and break up Big Tech

WASHINGTON — Democratic lawmakers are calling for Congress to rein in Big Tech, possibly forcing Facebook, Google, Amazon and Apple to sever their dominant platforms from their other lines of business and imposing new uniformity on the terms they offer users.

The proposals in a report issued Tuesday follow a 15-month investigation by the House Judiciary Committee’s antitrust subcommittee, chaired by Rhode Island Democrat David Cicilline, into the companies’ market dominance.

Those kinds of forced breakups through a legislative overhaul would be a radical step for Congress to take toward a powerful industry. The tech giants for decades have enjoyed light-touch regulation and star status in Washington, but have come under intensifying scrutiny and derision over issues of competition, consumer privacy and hate speech.

The 450-page report offers Congress a possible roadmap for action, potentially with a new balance of political power in Congress and a new president next year.

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A break of the 1.1611 support could extend the decline

EURUSD intraday bias will likely remain neutral at the beginning of the week. A break of the resistance at 1.1769 will give an indication that the correction has been completed, and the intraday bias will return to the upside to retest 1.2010 if this break of resistance holds. On the downside, a break of the 1.1611 support could extend the decline from the short term peak at 1.2010 to 1.1494.

Chart

The movement of D1 is still under the neckline which was previously broken on September 22.  Last week’s price was still stuck at the 26-day EMA, whereas at 4 hours, price resistance rose to the neckline, which is also the 200 EMA and the 61.8% retracement level which were drawn from the nearest peak 1.1870 and the new low 1.1611. Last week’s gains are still a corrective move of the downside structure, as long as 1.1769 holds as short-term resistance.

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