New Covid-19 Layoffs Make Job Reductions Permanent
A new wave of layoffs is washing over the U.S. as several big companies reassess staffing plans and settle in for a long period of uncertainty. MGM Resorts International and Continue Reading
One of the Brains Behind Tesla Found a New Way to Make Electric Cars Cheaper
Almost every day old iPhones and other used personal electronics arrive by the truckload at a warehouse in Carson City, Nev., where workers crack them open, pull out their batteries Continue Reading
Canadian Oil And Gas Spending Plummets 54%
Canada’s capital spending on its oil and gas industry fell by more than half in the second quarter as the pandemic-inspired low prices continue to burden oil and gas producers Continue Reading
Baker Hughes Reports Drop in Oil Rigs
Baker Hughes reported the total number of rotary drilling rigs operating in the US held flat at 254 this week Baker Hughes Co. on Friday reported the total number of Continue Reading
Hurricane Laura Property Damage in U.S. May Reach $12 Billion
Hurricane Laura, the most intense storm to hit the northwestern Gulf Coast since 1856, will result in as much as $12 billion in damage to real estate, CoreLogic Inc. estimated. Insured wind Continue Reading
Mother Nature on steroids: Early signs point to devastating California fire season
California may experience its worst year for wildfires in decades, climate experts say, pointing out that it has already battled two of the three largest blazes in its recorded history Continue Reading
MGM Resorts to lay off 18,000 furloughed U.S. employees
Casino operator MGM Resorts International ( MGM.N ) informed its staff on Friday it would lay off 18,000 furloughed employees in the United States as the coronavirus-induced travel curbs hurt Continue Reading
Wind Turbine Behemoth Plans for Future by Getting Into Hydrogen
Siemens Gamesa Renewable Energy SA has one eye on the future where its wind turbines could play a key role in creating hydrogen. The company, which earlier this year launched the Continue Reading
EU urges Turkey to stop drilling in Med, ponders sanctions
The European Union on Friday urged Turkey to halt what it called its “illegal” prospecting activities in contested waters in the eastern Mediterranean and ordered EU officials to speed up Continue Reading
Europe coronavirus cases rise again, with fewer deaths
Coronavirus cases are surging again in Europe after months of relative calm, but the second wave looks different from the first: Fewer people are dying, and the newest and mostly Continue Reading