Category: News
Tesla moves forward with plan to build an energy-storage battery factory in China
American electric automaker Tesla’s plans to produce energy-storage batteries in China are moving forward with a signing ceremony for the land acquisition for a new factory in Shanghai ByThe Associated Press December 22, 2023, 4:19 AM In this a photo released by Xinhua News Agency, the Tesla Gigafactory in Lingang new area of the China (Shanghai) Pilot Free Trade Zone is seen in east China’s…
Busiest holiday travel season in years is off to a smooth start with few airport delays
NEW YORK — The holiday travel rush hit its peak Friday as mild weather and lower flight cancelation rates raised hopes for merrier drivers and airline passengers than last year. U.S. airlines are predicting a blockbuster holiday season and have projected confidence they can handle the crowds after hiring thousands of pilots, flight attendants and other workers, seeking to avoid the delays and suspensions that…
How major US stock indexes fared Friday, 12/22/2023
Wall Street capped its eighth straight winning week with a quiet finish Friday following reports showing inflation on the way down and the economy potentially on the way up ByThe Associated Press December 22, 2023, 6:58 PM Wall Street capped its eighth straight winning week with a quiet finish Friday following reports showing inflation on the way down and the economy potentially on the way…
Cuban government defends plans to either cut rations or increase prices
The Cuban government says it will have to either increase prices for fuel and electricity, or reduce rations for basic supplies ByANDREA RODRÍGUEZ Associated Press December 22, 2023, 11:13 PM FILE – An American classic car makes its way down a street in Havana, Cuba, Nov. 11, 2023. The Cuban government says it will have to either increase prices for fuel and electricity, or reduce…
Key takeaways from AP’s look at the emerging wave of sports construction in the US
A new round of stadium construction is underway for professional sports teams across the U.S., and taxpayers will be helping to pay the multi-billion-dollar tab. The wave of construction has seen teams chasing both repairs and luxurious additions. Some teams have sought new public funding for the projects — with mixed support — even while debt from the last round of renovations a couple decades…
Delaware hospital system will pay $47 million to settle whistleblower allegations of billing fraud
DOVER, Del. — Delaware’s largest hospital system will pay more than $47 million to settle whistleblower allegations by its former compliance officer that it provided kickbacks to outside doctors in return for patient referrals, resulting in fraudulent Medicaid billing. The settlement announced Friday comes nearly seven years after Ronald Sherman filed his whistleblower lawsuit, which remained under seal for more than a year, against Christiana…
Plans abounding for new sports stadiums across the US, carrying hefty public costs
Standing on a portable stage erected at home plate of the Milwaukee Brewers ballpark, Wisconsin Gov. Tony Evers recently praised the professional baseball team as an “essential part” of the state’s “culture and identity” and “economic success.” With fanfare, Evers then signed off on $500 million in public aid for the stadium’s renovation, adding to a remarkable run of such blockbuster deals. This year alone,…
New York governor vetoes bill that would ban noncompete agreements
ALBANY, N.Y. — New York’s governor vetoed a bill days before Christmas that would have banned noncompete agreements, which restrict workers’ ability to leave their job for a role with a rival business. Gov. Kathy Hochul, who said she tried to work with the Legislature on a “reasonable compromise” this year, called the bill “a one-size-fits-all-approach” for New York companies legitimately trying to retain top…
Merchant vessel linked to Israel damaged in a drone attack off India’s west coast
A maritime intelligence company says a drone has hit an Israeli-affiliated merchant vessel off the coast of India in the Arabian Sea ByThe Associated Press December 23, 2023, 10:56 AM NEW DELHI — A drone hit an Israeli-affiliated merchant vessel off the coast of India in the Arabian Sea on Saturday, a British maritime security firm said, damaging the vessel but causing no casualties. The…
Furnace explosion at Chinese-owned nickel plant in Indonesia kills 13
PALU, Indonesia — A smelting furnace exploded Sunday at a Chinese-owned nickel plant on Indonesia’s Sulawesi island, killing at least 13 workers and injuring dozens of others, police and a company official said. It was the latest in a series of deadly incidents at nickel smelting plants in Indonesia that are part of China‘s ambitious transnational development program known as the Belt and Road Initiative….