Historic decline in US GDP in the second quarter 31.4% annual pace

Historic decline in US GDP in the second quarter 31.4% annual pace

The numbers: The record decline in the U.S. economy in the early stages of the coronavirus pandemic was lowered slightly to a 31.4% annual pace — setting the stage for a big rebound in the third quarter. The decline in gross domestic product, the official …
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Clean Energy Jobs Will Drive Post-Covid Recovery Around The World

Renewable energy is becoming one of the key creators of jobs in the global economy, with 11.5m people now employed in the industry around the world. The sector added half a million jobs in 2019, according to a new report from the International Renewable …
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Japan's Koizumi Eyes Reform in a $15 Billion Power Market

Electrical power lines hang from a transmission pylon in Yokohama, Japan. Photographer: Takaaki Iwabu/Bloomberg
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Future reality: Triad of Internet of Things, Artificial Intelligence & Blockchain in action

The big questions that need solutions are with respect to quality, credibility, genuineness, safety, increase in efficiency and warranting correct distribution of revenue. Blockchain, with promise of immutability, transparency, security, interoperability, etc., allows …
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Cliffs Is Shaking Up the Steel Business in the US It Might Not Be Enough.

Cleveland-Cliffs is morphing from an iron-ore supplier into a steel giant. That could bail out the U.S. steel industry from a looming capacity problem, labeled steel-mageddon by one analyst. If that outcome proves correct, it could help the stocks of steel …
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