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FIFI PETERS: Well, from one story of corporate governance to another, and now we’re talking about Old Mutual. The company released a statement earlier on today, this afternoon, in which Old Mutual said that a full bench of the Gauteng local division of the High Court had dismissed, with costs, the former CEO Peter Moyo’s … Read more
In recent years, Europe’s power plants have slashed their use of coal by burning something else instead: Millions of tons of wood, much of it imported from the United States. A controversial European Union policy called the Renewable Energy Directive drove this transition by counting biomass — organic material like wood, burned as fuel — … Read more
Economy New aviation boss after judge rejects suit against hiring Tuesday May 17 2022 Kenya Civil Aviation Authority director-general Emile Arao. PHOTO | COURTESY | CASSOA By BONFACE OTIENOMore by this Author Summary Mr Arao — a US-trained aircraft engineer, aviation veteran and businessman — has finally replaced Gilbert Kibe who left the agency last … Read more
Warning: Spoilers for “Star Trek: Strange New Worlds” season 1, episode 2 After just two episodes, the response to “Star Trek: Strange New Worlds” has been overwhelmingly positive and it is now — already — the top-rated “Trek” series on Rotten Tomatoes. We still think it has a way to go before it beats “Enterprise,” … Read more
The U.S. Federal Aviation Administration on Monday issued the final paperwork on United Airlines’ Pratt & Whitney-powered Boeing 777s, allowing the aircraft to resume flights, United SVP and CCO Andrew Nocella said Tuesday in Boston during the Bank of America 29th Annual Transportation, Airlines and Industrials Conference. “We have 52 of [the 777s], which represents … Read more
Despite being almost 60 years old and seemingly overrun by newer, more potent telecommunications technologies, the fax machine is still very much alive and kicking, new research has found. A report from eFax surveying 1,001 senior IT and business decision-makers in large enterprises, SMEs, and public sector organizations found that in the majority of firms … Read more
Max Reyes Bloomberg News reporter Max Reyes is taking on a new beat covering billionaire Warren Buffett and his company Berkshire Hathaway Inc. He has been covering regional banks and insurance companies and will continue to do so. Reyes previously co-op interned at the Boston Globe and also worked as a messenger covering metro news. He also interned at … Read more
China is back again as a key center for Bitcoin mining, despite the country outright banning the activity one year ago. The Cambridge Bitcoin Electricity Consumption Index (CBECI) provided by the Cambridge Centre for Alternative Finance (CCAF) shows that Chinese Bitcoin mining activities have rebounded, and it’s currently the second-largest in the world — contributing … Read more
An autonomous vehicle technology company that partners with Ford and Volkswagen says it has started driverless operations in two of eight cities where it is developing its technology. Pittsburgh-based Argo AI has pulled drivers from its autonomous cars in Miami and Austin, Texas, though it is still in the testing phase. Its commercial partnerships with … Read more
We are excited to bring Transform 2022 back in-person July 19 and virtually July 20 – 28. Join AI and data leaders for insightful talks and exciting networking opportunities. Register today! ESG — environmental, social and governance — was a hot topic in 2021, and it’s only picking up steam in 2022. If you’re not … Read more