Exxon victorious in New York climate change lawsuit
In the case filed by New York attorney general against Exxon Mobil, one of the world's largest oil companies, the attorney general claimed that the oil giant had deliberately presented misleading data about climate change to their investors. Exxon argued that they had used different figures to highlight different issues and had striven to provide accurate information, an opinion the court has upheld.
new-york climate-change court exxon mobil attorney-general case
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Supporters Of Digital Currency Say Pandemic Bolsters Case For A New Approach
Widespread unemployment and economic turmoil as a result of the coronavirus pandemic mean people are looking for government relief fast, which some say could open up the possibility for a new approach: digital currency.
"You look at the younger generation, the way things are moving here, it provides an even greater advantage if you look out into future years, and I think it's something we're going to have to grapplewith,"
case supporters say
Google
Gold falls by more than $80 per ounce as markets panic
Gold, usually considered a safe haven for investors in times of economic crisis, plunged in value at the Comex in New York and continued falling to hit a one-day low of $1560.40, down by more than $80 from the previous day. 55 million ounces of gold were sold on the market as the price climbed back up beyond $1600 to decline by $70 again.
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Mining
Amazon CEO to give $10 billion to fight climate change
Amazon CEO and one of the richest men in the world, Jeff Bezos, has announced that he will be donating around $10 billion to fight climate change. He has created a new initiative called the Bezos Earth Fund and will start giving out grants this summer. This amounts to around 7% of his total net worth.
amazon jeff-bezos climate-change global-warming donation billionaire bezos-earth-fund
BusinessInsider
T-Mobile Sprint merger passes court challenge
A federal court case against US telecom company T-Mobile's merger with Sprint, brought by the states of New York and California, argued that the merger would decrease competition and violate anti-trust laws, but the case has been awarded to T-Mobile since even after the merger the companies will form only the third-largest mobile carrier in the US and will be able to compete better with larger rivals Verizon and AT&T.
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Reuters