• Energy giant Total rebrands as shareholders back climate plan

    PARIS: French oil and gas major Total on Friday won near-unanimous shareholder support for its climate strategy along with a new name, TotalEnergies, marking its shift – but NGOs dismissed it as “bogus”. 

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  • Biden pitches $6 trillion budget

    WASHINGTON: President Joe Biden on Friday proposed a $6 trillion budget to “reimagine” the US economy and stave off Chinese competition, though driving the United States into record debt – and with Congress first needing to give approval. 

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  • In US, tipped workers still feel pandemic crunch

    WASHINGTON: As the number of COVID-19 cases soared in Washington through the fall and winter, Tizoc Zarate waited tables at a local restaurant – but struggled to put enough food on the table for himself and his girlfriend. 

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  • EU mulls to curb ‘killer’ Big Tech deals

    BRUSSELS/PARIS: The EU’s biggest powers Germany and France as well as the Netherlands want the bloc to secure beefier powers to stop startups from being snapped up by big tech companies. 

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  • Airbus to raise plane production

    PARIS: Airbus said yesterday it will produce more single-aisle planes in 2023 than before the coronavirus crisis as the European aerospace giant sees the aviation sector ascending from the pandemic. 

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  • China, US trade officials hold ‘candid’ first talks

    BEIJING: Top US and Chinese trade officials have held their first “candid” talks since Joe Biden became president, the two sides said yesterday, as Washington scrutinizes whether Beijing is sticking to a key agreement forged during a bruising tariffs battle between the economic superpowers. 

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  • Ford says 40% of sales to be electric vehicles by 2030

    NEW YORK: Ford once again is ramping up investment in zero-emission cars and by 2030 expects 40 percent of its vehicle volume to be comprised of fully electric vehicles, the company announced yesterday. 

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  • Facebook adapts defenses as deception campaigns go stealth

    SAN FRANCISCO: Facebook said yesterday that it has disrupted more than 150 deceptive influence schemes since 2017, with Russia the biggest single source, as culprits strive to stay “under the radar.” 

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  • Amazon to buy MGM studios, bolstering streaming ambitions

    WASHINGTON: Amazon has agreed to buy the storied MGM studios for $8.45 billion, the companies said yesterday, giving the US tech giant a vast library to further its ambitions in streaming. 

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