Netflix misses Q3 earnings targets amid Brazil tax dispute
Netflix (NFLX) missed Wall Street third-quarter earnings targets due to an unexpected expense from a dispute with Brazilian tax authorities, though it...
U.S. President Donald Trump has officially cancelled plans to develop new offshore wind projects in federal waters, reinforcing his administration’s pivot from renewable energy to fossil fuels.
The Bureau of Ocean Energy Management will revoke more than 3.5 million acres designated for offshore wind development near Texas, Louisiana, Maine, New York, California, Oregon, and the central Atlantic.
The agency announced on Wednesday that it will no longer reserve large areas for what it described as 'speculative wind development.' This marks a major reversal from the previous Biden-era plans, which had aimed to expand renewable energy through scheduled leases.
Since taking office in January, Trump has issued a series of executive orders boosting oil, gas, and coal production while dismantling climate-focused initiatives.
On Wednesday, Interior Secretary Doug Burgum declared an end to favorable policies for wind and solar, labeling them as unreliable and foreign-controlled. The department may also pull back federal lands with strong onshore wind potential to prioritize other land uses like recreation and grazing.
During a recent Scotland visit, Trump called wind turbines 'ugly monsters' and urged UK leaders to prioritize oil and gas, while also dismissing wind energy as 'a con job' at a press conference with European Commission President Ursula von der Leyen.
The administration’s stance has drawn sharp criticism from environmental advocates, who warn that such rollbacks worsen the climate crisis amid increasing global weather extremes.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
Snapchat will start charging users who store more than 5GB of photos and videos in its Memories feature, prompting backlash from long-time users.
A general strike and mass demonstrations paralysed the southern Tunisian city of Gabes on Tuesday, as tens of thousands of people demanded the closure of a state-run chemical plant blamed for a worsening pollution crisis.
Global investors managing more than $3 trillion in assets have urged governments to halt and reverse deforestation and ecosystem destruction by 2030, according to a joint statement released on Monday ahead of next month’s U.N. climate conference in Brazil.
A team of Argentine paleontologists has uncovered one of the oldest known dinosaurs, a nearly complete skeleton of a long-necked herbivore that roamed Earth 230 million years ago in what is now La Rioja province.
An earthquake of magnitude 6.7 struck Papua province in Indonesia on Thursday, the United States Geological Survey (USGS) said.
Five days after historic floods that have killed at least 66 people and damaged 100,000 homes, Mexico is still struggling to provide aid to the worst-affected communities and locate 75 missing individuals, amid growing criticism of the government’s response to the crisis.
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