According to an announcement on Tuesday, which came just days after the end of the COP26 summit, a new Natrium nuclear power plant will be built in Kemmerer, Wyoming. It will replace a coal-fired plant that is set to shut its doors in 2025. “People across Wyoming welcomed us into their communities over the past […]
In a blog post, Bill Gates announced that for the rest of this week, students at college or university can download a free digital copy of his best-selling book “How to Avoid a Climate Disaster: The Solutions We Have and the Breakthroughs We Need.” Gates’ 384-page book which debuted on The New York Times’ nonfiction […]
According to Bloomberg’s Billionaires Index, Tesla and SpaceX CEO Elon Musk has once again overtaken Amazon founder Jeff Bezos as the world’s richest person thanks to Tesla’s soaring stock. On Friday, Tesla’s shares closed at $843.03 per share, a 3% increase on the day which takes the EV maker’s year-to-date gains to approximately 20%. Tesla’s […]
The 20 business leaders, who include Microsoft co-founder Bill Gates and JP Morgan’s chief executive Jamie Dimon, will be joined by the Prime Minister and the foreign secretary Liz Truss for a Michelin-star dinner which will be held ahead of the Global Investment Summit. Johnson will use the dinner to boost the UK’s post-Brexit image […]
BlackRock is making a five-year, $100 million grant to clean energy from its charitable foundation. Microsoft, alongside other supporters such as General Motors, American Airlines, and Bank of America, is providing a mix of equity capital and “offtakes”, or purchase agreements tied to the clean-energy projects. “We’re not doing this to make money,” Larry Fink […]
BHP and KoBold Metals will work together in their search for nickel, lithium, cobalt, and copper in Australia. The companies’ 3-year partnership could help to source nickel used in Tesla’s vehicles, with BHP signing a deal with the electric vehicle manufacturer back in July. KoBold Metals, a mineral exploration company based in Silicon Valley, uses […]
Cascade Investment will acquire half of the billionaire prince’s stake in the luxury hotel chain, raising its ownership to 71.3% and valuing the company at approximately $10 billion on an enterprise basis. According to a statement by Four Seasons, Prince Alwaleed will continue to own the remaining stake in the company. The prince owns stakes […]
The Senate’s $1.2 trillion infrastructure bill has yet to be passed through the House but would provide the Department of Energy with $25 billion for projects that showcase the viability of clean energy technology for widespread adoption. This £25 billion would come as part of the bill’s broader investment in programmes to tackle the climate […]
Cascade Investment, Gates’ investment vehicle, transferred 3.3 million shares of automotive retail AutoNation to French Gates on Thursday. The 3.3 million shares hold a collective worth of $387 million. Gates also transferred 2.8 million shares, worth $1 billion in total, of the manufacturer Deere & Co. to his ex-wife through his investment vehicle, as well […]
Bill Gates and Melinda French Gates were one of the most prominent couples in global business, working together at Microsoft between 1987 and 1996. The couple married in 1994 and launched the Bill & Melinda Gates Foundation in 2000. However, more recently, Melinda expressed her discomfort with her husband’s connection with billionaire investor and convicted […]
Gates will join the Soros Economic Development Fund in a deal to buy Mologic, the UK-based lateral flow test developer which has created 10-minute Covid tests. It is hoped that the tests will cost as little as $1 to produce. The covid-19 pandemic has demonstrated that lateral flow tests, previously most commonly used for pregnancy […]
The agreement allows Bill and Melinda Gates a two-year trial, after which Melinda could step back from the organisation if the pair are unable to co-operate effectively. The agreement stated that Melinda would receive personal resources from her ex-husband to continue her own charity work. The Gates Foundation is the largest private body of its […]
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