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John Caudwell, the billionaire founder of Phones4u, has come up with an even more provocative ploy to get Britain back on track: a huge windfall tax on online businesses that have “profiteered” from the lockdown Internet shopping boom.
LONDON (Reuters) - Tesla boss Elon Musk is a poster child of low-carbon technology. Yet the electric carmaker's backing of bitcoin this week could turbo-charge global use of a currency that's estimated to cause more pollution than a small country every year.
Though Elon Musk may be famously erratic, his interest in cryptocurrency seems particularly at odds with his other ventures and sustainability goals.
LONDON/NEW YORK (Reuters) - Bitcoin, shares of Tesla and a high-flying exchange traded fund (ETF) fell on Tuesday, retreating from recent rallies in a volatile session that gave investors a gut check.
Bitcoin mining requires huge amounts of computing power and uses large amounts of energy, but China has pledged to achieve carbon neutrality in 2060. Inner Mongolia was the only one of 30 areas under Beijing’s energy consumption and energy intensity review that failed to meet the targets in 2019.
More than five years after massive cyberattacks left a quarter of a million Ukrainians without electricity, the world’s power grids have become even more vulnerable to hackers.
(Reuters) - Walmart Inc-owned Indian e-commerce giant Flipkart is exploring going public in the United States through a deal with a blank-check firm, although a traditional stock market listing is much more likely, people familiar with the matter said.
(Reuters) - During several days of brutal cold in Texas, the city of Austin saw its fleet of 12 new electric buses rendered inoperative by a statewide power outage. That problem will be magnified next year, when officials plan to start purchasing electric-powered vehicles exclusively.
MOSCOW (Reuters) - Four thousand kilometres from Moscow near the shores of the Angara River, a Russian firm operating a vast data centre run on cheap local hydroelectric power is reaping the rewards of bitcoin's surging prices and plans to double its power output this year.
The Bitcoin market now exceeds US$1 trillion (RM4.11 trillion) with its price rising tenfold in a year, but focus is shifting towards the massive power requirements needed to sustain the online currency.