By Daphne Psaledakis WASHINGTON (Reuters) – The United States on Tuesday imposed sanctions on nearly 50 entities and people it accused of moving billions of dollars for Iran’s military, as Washington seeks to increase pressure on Tehran. The U.S. Treasury Department in a statement said those targeted on Tuesday constitute a “shadow banking network” used […]
Tag: billions
South Africa Risks Losing Billions Pledged for Climate Finance
(Bloomberg) — South Africa is risking a $9.3 billion climate finance pact by delaying the closing of a number of coal-fired power plants, a panel appointed by the country’s environment minister said. Most Read from Bloomberg In an agreement known as the Just Energy Transition Partnership, South Africa won the bulk of the pledges from […]
Surprise! Nvidia Has a Secret Business Outside of Chips, and It’s Already Generating Billions of Dollars.
There is no hotter stock in the world than Nvidia (NASDAQ: NVDA) right now. The company’s H100, A100, and new Blackwell semiconductor chips are widely regarded as superior to the competition. Considering Nvidia’s impressive roster of graphics processing units (GPU), the company is undoubtedly enjoying the moment as generative AI applications take off. While this […]
California leaders tussle with health industry over billions of new dollars for Medi-Cal
Gov. Gavin Newsom, state lawmakers and health industry leaders have a small window to reach an agreement on billions of new dollars for Medi-Cal before it’s put to voters in November. An initiative, supported by virtually every sector of the state’s health care industry, as well as the local Republican and Democratic parties, would lock […]
Microsoft deal could bring billions of dollars in data center investment to Licking County
HEBRON − The village of Hebron and Microsoft have finalized an agreement for the technology giant to build up to six data center buildings on more than 200 acres west of Ohio 79, between North High Street and Canyon Road. The development, which will employ at least 30 people per building, will be constructed in […]
Illinois is hit with cicada chaos. This is what it’s like to see, hear and feel billions of bugs
RIVERWOODS, Ill. (AP) — The ground had seemed to undulate at night, alive with bugs. Crawling cicada nymphs, striving to get higher after 17 years underground, marched en masse toward and up trees, pausing to shed their skin and emerge as adults. And then the fun began. Cicada chaos is flourishing and flying. Trillions of […]
North Carolina is Losing Billions Yearly Due to Insufficient Child Care
This article was originally published in EducationNC. Insufficient child care is costing North Carolina about $5.65 billion each year, a new study from the U.S. Chamber of Commerce Foundation estimates. The report, released in partnership with the N.C. Chamber Foundation and NC Child, looked at the ways a lack of child care access hurts the […]
How will move to lend Ukraine billions backed by Russia’s frozen assets work?
Leaders of the Group of Seven wealthy democracies have agreed to engineer a 50 billion dollar (£39 billion) loan to help Ukraine in its fight for survival. Interest earned on profits from Russia’s frozen central bank assets would be used as collateral. Details of the deal were being hashed out by G7 leaders at their […]
German energy company Uniper says a tribunal awarded it billions in damages from Russia’s Gazprom
BERLIN (AP) — German energy company Uniper said Wednesday that a tribunal has awarded it more than 13 billion euros (nearly $14 billion) in damages for gas that Russia’s Gazprom hasn’t supplied since 2022. Uniper said the arbitration tribunal based in Stockholm also ruled on June 7 that it has the right to terminate long-term […]
Tesla shareholder sues Musk to return billions in alleged unlawful profits
WILMINGTON, Delaware (Reuters) –Elon Musk made billions of dollars by selling Tesla stock using insider information, an institutional shareholder accused in a lawsuit filed on Tuesday, asking the court to direct the Tesla CEO to return “unlawful profits.” The lawsuit comes two days before a critical vote by Tesla shareholders on whether to reinstate Musk’s […]
Tesla shareholder sues Musk to return billions in alleged unlawful profits
WILMINGTON, Delaware (Reuters) -Elon Musk made billions of dollars by selling Tesla stock using insider information, an institutional shareholder accused in a lawsuit filed on Tuesday, asking the court to direct the Tesla CEO to return “unlawful profits.” The lawsuit comes two days before a critical vote by Tesla shareholders on whether to reinstate Musk’s […]
California Democrat spending hinges on voters approving billions. How it affects the budget
California lawmakers are jockeying over the chance to ask voters for billions in bond dollars, leading to a potential conundrum for leaders: seek money through the ballot or allocate it in the budget? Assembly Speaker Robert Rivas, D-Hollister, Senate President Pro Tem Mike McGuire, D-Healdsburg, and Gov. Gavin Newsom by late June will narrow down […]