Tesla’s Powerwall 2 Source: Tesla Tesla is recalling around 10,500 units of its Powerwall 2, a backup battery for residential use, according to a U.S. Consumer Product Safety Commission disclosure out Thursday. “The lithium-ion battery cells in certain Powerwall 2 systems can cause the unit to stop functioning during normal Continue Reading
‘Godfathers of wind’ raise alarm amid Trump’s attacks on renewables
US President Donald Trump (L), backdropped by Turbines at the European Offshore Wind Deployment Centre, also known as the Aberdeen Bay Wind Farm, walks on the first fairway after playing off the first tee to officially open the Trump International Golf Links course in Balmedie, Aberdeenshire, north east Scotland on Continue Reading
Anthropic announces $50 billion AI spend, two U.S. data centers
Anthropic announced plans Wednesday to spend $50 billion on a U.S. artificial intelligence infrastructure build-out, starting with custom data centers in Texas and New York. The facilities, which will be designed to support the company’s rapid enterprise growth and its long-term research agenda, will be developed in partnership with Fluidstack. Continue Reading
Soaring electricity prices fuel backlash against AI data centers
A power substation near the LC1 CloudHQ data center in Ashburn, Virginia, on March 27, 2024. Nathan Howard | Bloomberg | Getty Images Voter anger at surging electricity prices is fueling political backlash against the artificial intelligence industry’s data centers, with Democrats accusing the Trump administration of failing to address Continue Reading
What now for peak oil? Unpacking the IEA’s shift on fossil fuel demand
A worker inspects the outdoor gas pipes at the underground gas storage facility operated by Gas Storage CZ AS, in Haje, Czech Republic, on Friday, Jan. 3, 2025. Bloomberg | Bloomberg | Getty Images The International Energy Agency’s latest outlook signals that oil demand could keep growing through to the Continue Reading
Electricity bills in states with the most data centers are surging
Electricity prices are surging, voters are growing angry, and the artificial intelligence industry’s data centers are increasingly a target for blame with U.S. mid-term elections on the horizon. Residential utility bills rose 6% on average nationwide in August compared with the same period in the previous year, according to the Continue Reading
Electricity bills in states with the most data centers are surging
Electricity prices are surging, voters are growing angry, and the artificial intelligence industry’s data centers are increasingly a target for blame with U.S. mid-term elections on the horizon. Residential utility bills rose 6% on average nationwide in August compared with the same period in the previous year, according to the Continue Reading
A private dinner in Singapore with DBS CEO fetched over $14,000
Tan Su Shan is the CEO and director of DBS Group. Bloomberg | Bloomberg | Getty Images An evening with Tan Su Shan, CEO and director of DBS Group, was sold by auction house Sotheby’s on Saturday for 18,900 Singapore dollars ($14,790) to the winning bidder — more than double the Continue Reading
How Coach and Prada are luring Asian consumers with coffee and cakes
A corduroy Ralph Lauren letter jacket at the brand’s store in Singapore retails for around $900 Singapore dollars ($693). But a vanilla latte in its cafe? A comparative steal at SG$9. From Ralph Lauren to Coach, Louis Vuitton, Dior and Prada, clothing and luxury brands are opening stores in Asia Continue Reading
As secondhand luxury soars, authentication becomes a new gold standard
As the global market for secondhand luxury items surges, authentication has become the defining factor separating credible platforms from the rest. The resale market for fashion and luxury items is expanding at an annual rate of 10%, three times faster than the firsthand market, according to a report released Oct. Continue Reading