The US Energy Department has announced a record $15 billion loan guarantee for Pacific Gas & Electric (PG&E), California’s largest utility, to improve its electrical grid and fund climate resiliency projects. The conditional commitment will help PG&E invest in hydroelectric power generation, batteries, and power lines. The move comes as PG&E faces pressure to address … Read more
The 2024 season has come to an end for many young tennis players, but Indian-American player Nishesh Basavareddy is still making waves. At just 19 years old, Basavareddy finished the year ranked a career-high No. 138 in the ATP Rankings and won two ATP Challenger Tour titles. Basavareddy will be competing in the NextGen ATP … Read more
President Yoon Suk Yeol’s legal team has denied any connection to the charge of rebellion, stating that they do not agree with the concept of rebellion as a legal matter. The team, led by lawyer Seok Dong Hyun, who has a 40-year relationship with President Yoon, claims that the president is being unfairly targeted. Seok … Read more
US retail sales rose 0.7% in November, beating analyst estimates. The gain was driven by strong motor vehicle and auto parts sales, as well as a 1.8% increase in online shopping. While overall sales excluding auto and gas rose 0.2%, the control group, which excludes volatile categories, increased by 0.4%. This suggests that consumers are … Read more
The US Cybersecurity and Infrastructure Security Agency (CISA) has issued a binding directive to federal civilian agencies, ordering them to secure their Microsoft cloud systems after recent cyber incidents. The SCuBA project, which provides guidance on securing federal agencies’ cloud business application environments, was used by CISA since April 2022. However, the agency is now … Read more
Former Royal Ballet star Sergei Polunin has left Russia with his family despite being a vocal supporter of President Vladimir Putin and Russia’s invasion of Ukraine. Polunin, who was born in southern Ukrainian city Kherson and acquired Russian citizenship in 2018, expressed feelings of unease and disconnection from Russia. Polunin had previously been involved in … Read more
Oil prices remained relatively stable on Wednesday as traders awaited cues from the Federal Reserve’s interest rate meeting. Crude futures for February steadied at $73.74 a barrel, while West Texas Intermediate crude futures rose to $70.30 a barrel. Industry data showed U.S. oil inventories shrank by 4.7 million barrels in the week to December 13, … Read more
Bitcoin’s price has reached a record high of $108,000 for the first time on Tuesday, driven by speculation that President-elect Donald Trump may establish a U.S. strategic Bitcoin reserve. This news has sparked enthusiasm among investors and cryptocurrency enthusiasts. Trump discussed a possible $20 billion Bitcoin reserve during his campaign, with some suggesting it could … Read more
US Senator Elizabeth Warren has called on Donald Trump’s transition team to hold Elon Musk to the same ethics standards as other transition members. Musk, who has invested heavily in companies like Tesla and SpaceX, has been advising Trump since his endorsement in July. Warren argues that Musk’s private interests pose a significant conflict of … Read more
Amazon workers at four facilities in Southern California have authorized strikes after the company’s refusal to recognize their union, Teamsters. This comes as the corporation faces criticism over its treatment of workers, including low pay and unsafe working conditions. The Teamsters represent thousands of workers across 10 Amazon facilities nationwide. In a statement, General President … Read more