Activist investor group asks SEC to investigate Tesla over plan to shrink board

Elon Musk, here seen at an event in New York in early-May, is being aggressively wooed to set up facilities to produce his electric vehicles “end-to end” in resource-rich Indonesia. Taylor Hill | Getty Images Entertainment | Getty Images Activist investors SOC Investment Group have asked federal financial regulators to investigate Tesla over plans to shrink the size of its board from eight to seven members and close one slot for an independent director. Tesla announced in its June preliminary proxy filing that Oracle founder Larry Ellison does not plan…

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Russian and Chinese designs dominate nuclear reactors, warns IEA chief

A visitor (R) learns about huaneng’s high-temperature gas-cooled reactor model at the China International Nuclear Power Industry and Equipment Exhibition 2021 in Yantai, Shandong Province, China, Oct. 19, 2021. Future Publishing | Future Publishing | Getty Images Nuclear power could be a dominant player in the next-generation clean energy landscape, but that will require concerted action and focus from governments and private industry that is not happening right now, according to the head of the International Energy Agency (IEA). In the meantime, Russia and China are dominating the space. Since…

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The Supreme Court’s EPA ruling is a big setback for fighting climate change, but not a death knell

Steam rises from the cooling towers of the coal-fired power plant at Duke Energy’s Crystal River Energy Complex in Crystal River, Florida, U.S., March 26, 2021. Dane Rhys | Reuters On Thursday, the Supreme Court changed the rules of the game in the race to limit global warming by constricting the Environmental Protection Agency’s authority to mandate carbon emissions. Specifically, the court ruled in West Virginia v. EPA that it was an overreach for the EPA to dictate that power generation be shifted from one source, say, from coal to…

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CAs Make Important Contribution To Economic Growth: PM

The skills of our chartered accountants (CAs) are appreciated the world over and they have a responsibility to ensure economic and financial systems remain in sound health, said Prime Minister Narendra Modi on Friday.  In a letter, Modi said,  “I am pleased to learn about the celebration of Chartered Accountants Day to mark the completion of 73 years of The Institute of Chartered Accountants of India (ICAI) on July 1.” Modi said that over the decades, ICAI has served society and the nation with dedication and commitment. The Institute has…

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PM Modi Speaks To Prez Putin, Discusses Bilateral Trade, Ukraine

Amid Russia’s invasion of Ukraine, Prime Minister Narendra Modi had a telephone conversation with President Vladimir Putin on Friday.   According to Prime Minister’s Office (PMO), both global leaders exchanged ideas on how bilateral trade in agricultural goods, fertilisers and pharma products could be encouraged further.   The leaders also discussed global issues, including the state of the international energy and food markets.  In the context of the ongoing situation in Ukraine, the Prime Minister reiterated India’s long-standing position in favour of dialogue and diplomacy.  The leaders agreed to maintain…

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Biden names Apple co-founder Steve Jobs as recipient of posthumous Medal of Freedom

The late Apple CEO Steve Jobs unveiling the first iPhone in 2007. David Paul Morris | Getty Images News | Getty Images President Joe Biden on Friday announced the names of 17 recipients of the Presidential Medal of Freedom, including the late Apple co-founder Steve Jobs. The award is the country’s highest civilian honor, and the White House said the recipients “embody the soul of the nation.” Jobs co-founded Apple in 1975, developing some of the first mainstream personal computers, before resigning from the company in 1985. He rejoined in…

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WHO says monkeypox cases triple in Europe in two weeks, urgent action needed to contain spread

The World Health Organization on Friday warned that urgent action is needed to contain the spread of monkeypox in Europe, as cases have tripled over the past two weeks. Europe is the center of a global outbreak of the virus with 90% of confirmed monkeypox cases reported there, according to the WHO. New infections have tripled since June 15 with 4,500 confirmed cases across 31 European nations. Henri Kluge, the head of WHO Europe, called on governments to ramp efforts to prevent monkeypox from establishing itself on the continent, warning…

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GM’s quarterly sales fall but show improvement from beginning of year

The GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, March 16, 2021. Rebecca Cook | Reuters DETROIT – General Motors’ U.S. vehicle sales were down about 15% in the second quarter from a year ago as the automaker continues to battle supply chain issues, but showed improvement from earlier in the year. Before announcing its sales results, the automaker said it has about 95,000 vehicles in its inventory that were manufactured without certain components as of June 30, a majority of which were…

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