CategoryBusiness

Huge $2.6 billion green hydrogen project planned for Europe

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The Iberdrola Tower in Bilbao, Spain. SOPA Images | LightRocket | Getty Images Spanish power company Iberdrola and Sweden’s H2 Green Steel are to partner and develop a major facility that will produce green hydrogen, in yet another example of how companies are taking an interest in the much talked about sector. In an announcement on Thursday, the firms said the 2.3 billion euro ($2.6 billion)...

Germany steps closer to making Covid vaccines mandatory, imposes strict curbs on unvaccinated

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A sign showing entry only for “2G,” the term in Germany for people who are either vaccinated against or have recently recovered from Covid-19. Jens Schlueter | Getty Images German lawmakers have implemented new curbs for the unvaccinated and made plans to vote on making Covid vaccines mandatory. National and regional leaders agreed on Thursday to ban Germany’s unvaccinated population from all non...

Biden says he doesn’t want lockdowns and won’t expand vaccine mandates to fight Covid this winter

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President Joe Biden on Thursday said his plan to fight Covid during the winter months will not include new lockdowns or an expansion of the administration’s current vaccination requirements. “It doesn’t include shutdowns or lockdowns, but widespread vaccinations and boosters and testing a lot more,” Biden told reporters during an update. “And while my existing federal vaccination requirements are...

Tesla says it needs graphite from China for batteries, requests tariff waiver

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Tesla CEO Elon Musk attends the Tesla Shanghai Gigafactory groundbreaking ceremony in Shanghai, China, January 7, 2019. Aly Song | Reuters Tesla is among the hundreds of auto industry players asking the U.S. Trade Representative for extended tariff waivers on parts and materials imported from China used to make or repair cars. Supply chain issues are contributing to soaring prices for new and...

Chinese electric car start-up Hycan claims funding of more than $300 million is on the way

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Hycan CEO Yang Ying speaks with CNBC’s Evelyn Cheng during the 2021 East Tech West conference in the Nansha district of Guangzhou, China. GUANGZHOU, China — Chinese electric car start-up Hycan hasn’t delivered many vehicles yet, but it claims it’s on the verge of a large fundraise as investors pour more money into a hot sector. The news of more capital looking at other players in China’s electric...

New York officials confirm 5 cases of omicron Covid variant in NYC metro area

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A sign outside of a hospital advertises COVID-19 testing on November 19, 2021 in New York City. Spencer Platt | Getty Images New York officials have confirmed five cases of the omicron Covid-19 variant in the New York City metropolitan area, Gov. Kathy Hochul announced late Thursday, hours after cases were detected in Minnesota and Colorado. One case was discovered in Suffolk County on Long...

Aviation expert says ‘knee-jerk’ omicron border restrictions show countries haven’t learned much

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A decision by several countries to impose border restrictions out of concerns around the omicron Covid variant was called “knee-jerk” this week by a group that serves the aviation industry. Nearly two years into the pandemic, “we don’t really seem to have learned very much,” said Peter Harbison, chairman emeritus of CAPA – Centre for Aviation, which provides market intelligence for the aviation...

Six different Covid vaccines are safe and effective when used as boosters, UK study finds

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Emergency Medical Technician Ethan Hall gives Mark Turney, 66, a kidney transplant patient, his Pfizer-BioNTech Covid-19 booster shot at Hartford Hospital in Hartford, Connecticut on August 24, 2021. Joseph Prezioso | AFP | Getty Images Six different Covid-19 vaccines are safe and effective when used as booster doses, a U.K. study has found. The peer-reviewed phase 2 trial, published Thursday in...

CEO of firm behind Kay Jewelers and Zales says anticipating early holiday shoppers paid off

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Signet Jewelers — which owns Kay Jewelers, Zales, Jared and other brands — anticipated that holiday customers would shop early this year and it paid off, CEO Gina Drosos told CNBC on Thursday. “We predicted months ago that customers would be in the market earlier, and we turned up the dial in our marketing support. We got the right product to the right stores,” Drosos said on “Mad Money.” It was...

Cramer’s lightning round: Vir and GlaxoSmithKline ‘may have something’ that could fight omicron

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Loading chart… Loading chart… Enbridge (ENB): “That stock has just been in a house of pain. However, it does yield 7%. That’s [CEO] Al Monaco. They’ve got a great long term business. I don’t understand why it’s going down, other than being brought down by the fact that oil suddenly went from $80 to $70 to $64. Buy Enbridge.” Loading chart… On Semiconductor (ON): “We’ve had [CEO] Hassane El-Khoury...