staff 2024-09-20

US to award $3 billion to 25 projects for battery manufacturing sector

WASHINGTON, Sept 20 (Reuters) - The U.S. Energy Department said Friday it plans to award $3 billion to 25 battery manufacturing sector projects in 14 states as the Biden administration works to shift the supply chain away from China. The projects will increase domestic production of advanced batteries and battery materials and follows the adoption of U.S. EV tax credit rules to shift battery production and critical minerals away from China. The awards fund battery-grade processed critical minerals, components, battery manufacturing, and recycling, and will generate $16 billion in total investment for the projects and support 12,000 production and construction jobs, the department said. "Mineral security is essential for climate security," said White House climate adviser Ali Zaidi. "This sets us up to lead on the next generation of battery technologies - from solid state to other new chemistries." Albemarle (ALB.N), opens new tab is set to receive $67 million for a project in North Carolina to produce comm

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BUSINESS staff 2024-09-13

US locks in steep China tariff hikes, many to start September 27 f

The Biden administration on Friday locked in steep 

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SPORTS staff 2024-09-11

Diego Gomez strikes as Paraguay stun Brazil in World Cup qualifier

Asuncion: For the first time since June 2008, Paraguay defeated Brazil in a World Cup qualifier, as they edged the five-time world champions 1-0. Diego Gomez supplied the fireworks with a sup

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EDUCATION staff 2024-09-10

EU's Vestager triumphs in crackdown on Apple's tax deal, Google's practices

Vestager, who ends her term in November, has made a name for herself going after Big T

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BUSINESS staff 2024-09-09

Saturn's rings set to 'disappear' briefly in March 2025: Explained

The majestic rings of planet Saturn, which span about 2.82 lakh kilometres in width, are set to disappear for a brief period in 2025, Nasa confirmed to CBS news.

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HEALTH staff 2024-09-06

100 dangerous viruses detected in China’s fur animals, nearly 40 could affect hu

A recently published study has identified 125 viruses circulating in animals from fur farms in China, raising concerns about the risk of these viruses spilling over into human populations. Th

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BUSINESS staff 2024-09-04

Advanced economies are projected to experience a slight uptick in growth

The International Monetary Fund (IMF) forecasts a stable yet cautious trajectory for the global economy in 2024, with growth expected to maintain a pace of 3.2 per cent throughout 2024 and 20

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