Tag Archives: build

ATHENS, Sept 29 (Reuters) – Alphabet Inc’s Google will set up its first cloud region in Greece, the company said on Thursday, giving a boost to the country’s efforts to become a world cloud computing hub. The deal is estimated to contribute some 2.2 billion euros ($2.13 billion) to Greece’s economic output and create some 20,000 jobs by 2030, Prime Minister Kyriakos Mitsotakis said. Since taking office in 2019, Mitsotakis’s conservative government has stepped up moves to diversify the economy… Source link

The world’s third-largest maker of semiconductor wafers, Taiwan’s GlobalWafers, announced plans to build a $5 billion factory in the U.S. on Monday—but only if the government helps pay for it. “This investment that they’re making is contingent upon Congress passing the CHIPS Act. The [GlobalWafers] CEO told me that herself, and they reiterated that today,” U.S. Commerce Secretary Gina Raimondo told CNBC, the same day GlobalWafers announced its development plan. Congress actually Source link

The former head of Yahoo, Marissa Mayer, tore down three homes to build a pool.  She bought the houses for $700,000-$800,000 each, the San Francisco Business Times reported.  City officials initially rejected the plan, citing a law meant to protect California’s housing stock.  … Source link

Faisal Masud knows what it takes to make a multibillion-dollar company thrive. The 49-year-old spent more than two decades working his way up the executive ranks at Amazon, Google, eBay and Staples. Now, he’s trying to implement lessons from those successful firms as the CEO of Fabric, a Seattle-based e-commerce start-up that launched in 2016 and is valued at $1.5 billion. (The company stylizes its name as “fabric,” to avoid confusion with online insurance company Fabric Technologies.) Masud… Source link

PALO ALTO — Former Yahoo CEO Marissa Mayer wants to add to her expansive estate by demolishing three adjacent homes she owns to build a swimming pool and pool house that could cost almost $1.6 million. But so far, Palo Alto planning officials have said no, pointing out that a pool doesn’t warrant removing homes from the city’s housing stock. Like other cities in the Bay Area, Palo Alto is under intense pressure by the state to produce thousands of additional homes to chip away at a… Source link

Ford CEO Jim Farley is keen on seeing President Joe Biden’s stalled Build Back Better bill passed in an effort to boost electric vehicle adoption in the United States. “It’s mission critical for the EV industry,” Farley said on Yahoo Finance Live.  As it stands now, the Build Back Better (BBB) bill would offer credits of up to $12,500 for consumers if they purchase an electric vehicle. The bill would also aid in the development of more public charging stations.  Both aspects of the bill are… Source link

During his marathon press conference this week, President Joe Biden acknowledged the reality of the stalemate on Capitol Hill and announced that he would change tactics on his signature Build Back Better legislation and try to pass it in pieces. “I’m confident we can get pieces — big chunks of the Build Back Better law signed into law” he told the assembled reporters. Later during the event, the president highlighted two areas in particular: $500 billion around energy and climate… Source link

When Sen. Joe Manchin, D-W.Va., announced on Fox News on Sunday that he won’t vote for the current version of Build Back Better, experts predicted he may have single-handedly killed the world’s best hope of avoiding catastrophic climate change. In order to avoid breaching the 1.5 degrees Celsius threshold that will trigger a cascade of devastating effects, the Intergovernmental Panel on Climate Change has said that global emissions of the greenhouse gasses that cause climate change must… Source link

Stocks fell on Monday at the start of a holiday-shortened week of trading, with investors considering renewed virus-related restrictions overseas and prospects that a significant social policy bill may be scuttled.  The S&P 500, Dow Nasdaq each dropped more than 1%. Treasury yields fell as investors piled into safe haven assets, and the benchmark 10-year yield held below 1.4%. The CBOE Volatility Index, or VIX, spiked more than 20% to hover above 25.  U.S. crude oil prices sank 3% to trade… Source link

Google is hiring an “Augmented Reality OS” team focused on building software for an “innovative AR device,” according to job listings spotted by 9to5Google. The team is led by Mark Lucovsky, who announced he’d joined the company this week. Lucovsky previously worked at Meta developing an in-house alternative to Android to power the company’s hardware, and also co-authored the Windows NT operating system. According to Google’s job listings, the Augmented Reality OS team is… Source link