business

World’s biggest mutual fund manager quits Net Zero effort | Business and Economy News

Top investors including Vanguard, face pressure from Republican US politicians over use of ESG factors in investments. Vanguard Group Inc is pulling out of a leading investment-industry initiative on tackling climate change, the world’s biggest mutual fund manager has said, explaining it wants to demonstrate independence and clarify its views for investors. Top investors, including …

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US McDonald’s franchises fined for making children work excessive hours | US news

The owners of several McDonald’s restaurants in Pennsylvania have been accused of violating child labor laws, with more than 100 children allegedly working excessive hours. The US labor department announced on Monday that 13 McDonald’s locations in the Pittsburgh area had violated labor laws designed to protect young employees. An investigation found that 101 child …

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Lumber Prices Hit Lowest Level Since 2020 As US Housing Market Slows

Lumber prices hit their lowest level since June 2020 on Monday as the housing market continues to slow. High mortgage rates have helped slow down home sales and lead to slight home price declines. Home builder confidence fell for the 11th straight month in November to its lowest level in a decade. Loading Something is …

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Tesla Alerts FCC About New Radar Device Coming To Its EVs Soon

According to a recent report by Electric, Tesla alerted the US Federal Communications Commission (FCC) that it will be introducing a new radar early next year. The publication writes that this may be a cause for concern related to Tesla’s Full Self-Driving hardware suite, which could potentially require updating in the future. Tesla removed the …

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World’s First Solar Car Goes into Production – a 4 Passenger EV That Can Run on the Sun

Lightyear 0 assembly line – SWNS The world’s first solar car has begun production—a 4-5 passenger EV that hails a new chapter in automotive history. The Dutch company Lightyear has officially commenced assembly of its first vehicle, aptly titled ‘Lightyear 0’, becoming the first automotive firm to manufacture an electric vehicle that generates a realistic …

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Taylor Swift and FTX Had $100M Sponsorship Deal Talks

Photo: Amy Sussman (GettyImages) Taylor Swift came close to finalizing a sponsorship deal with FTX earlier this year as the crypto company was in a downward spiral and burning through all the money it didn’t have. The deal would have brought Yet another celebrity into the already-sizable FTX endorsement fold, reportedly for a price tag …

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2023 Vancouver International Auto Show canceled due to supply chain issues

Organizers for the 2023 Vancouver International Auto Show announced Wednesday that the show is cancelled. The reason for the cancellation: ongoing supply chain issues within the automobile sector. Read more: GM EV announcement a ‘symbolic’ start to shift in auto sector “For the last several months, we have been working with vehicle manufacturers and other …

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Red Arrow: Bus company starts new daily trips between Ottawa and Toronto

Ottawa travelers have a new option to travel to Kingston and Toronto heading into the holiday season. Red Arrow has launched intercity motorcoach service between Ottawa and Toronto, with stops in Kingston and Scarborough. Starting Thursday, trips will run three times daily from Ottawa to Toronto, seven days a week. There will be three daily …

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Lynk & Co CEO Says Other Carmakers Are Environmental Hypocrites

Photo: Lynk & Co Lynk & Coa Chinese-Swedish automaker owned by Volvo’s parent company Geely, has been working for years to make subscriptions and car-sharing work. In Europe, €550 per month gets you behind the wheel of a Lynk & Co 01, with maintenance and insurance included. unlike a traditional lease, it’s entirely month-to-month, and …

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Gold breaks above its 200-day moving average then moves back below it

Gold futures based on the most active February 2023 contract opened in New York at $1783.30 and traded to a high of $1803.20 just above its 200-day moving average which is currently fixed at $1800.70. The price point of this long-term moving average at least for the short term became a technical level of …

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