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EU approves more state aid to boost car batteries industry

BRUSSELS (AP) ??" The European Union has approved 2.9 billion euros in subsidies from 12 member countries for a second pan-European project to develop the electric battery industry and move away from its reliance on Asian imports.

The EU's executive commission had already cleared a 3.2 billion-euro plan subsidized by seven countries in Dec. 2019 to support research and innovation in a key sector where Europe is lagging behind Asian competitors.

The EU, which expects that demand for batteries will grow quickly in the coming years, said Tuesday that the latest public... Read More

EU urges US to draft joint rule book to rein in tech giants

BRUSSELS (AP) ??" The European Union on Tuesday called on U.S. President Joe Biden to help draw up a common rule book to rein in the power of big tech companies like Facebook and Twitter and combat the spread of fake news that is eating away at Western democracies.

In a speech to the Davos World Economic Forum, European Commission President Ursula von der Leyen urged the Biden administration to join forces against "the darker sides of the digital world," which she said was partly behind the "shock" storming of Capitol Hill on Jan. 6.

"The business model of online... Read More

Smaller investors face down hedge funds, as GameStop soars

NEW YORK (AP) ??" A head-scratching David and Goliath story is playing out on Wall Street over the stock price of a money-losing video game retailer.

An army of smaller-pocketed, optimistic investors is throwing dollars and buy orders at the stock of GameStop ??" in direct opposition to a group of wealthy investors who are counting on the stock price to plunge.

The resulting action is wild, with GameStop's stock soaring nearly 145% in less than two hours Monday morning, only for the gains to disappear quickly afterward.

The struggling company based in... Read More

California: Criminal rings loot billions in jobless funds

LOS ANGELES (AP) ??" Sophisticated hackers, identity thieves and overseas criminal rings stole over $11 billion in unemployment benefits from California last year, but the extent of the fraud might grow far larger: billions more in payments are under investigation.

California Labor Secretary Julie Su told reporters in a conference call Monday that of the $114 billion the state has paid in unemployment claims, about 10% ??" or $11.4 billion ??" have been confirmed as fraudulent.

Nearly $20 billion more ??" another 17% ??" is considered suspicious, and a large part of... Read More

Twitter launches crowd-sourced fact-checking project

Twitter is enlisting its users to help combat misinformation on its service by flagging and notating misleading and false tweets.

The pilot program unveiled Monday, called Birdwatch, allows a preselected group of users ??" for now, only in the U.S. ??" who sign up through Twitter. Those who want to sign up must have a U.S.-based phone carrier, verified email and phone number, and no recent Twitter rule violations.

Twitter said it wants both experts and non-experts to write Birdwatch notes. It cited Wikipedia as a site that thrives with non-expert contributions.
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EU approves more state aid to boost car batteries industry

EU urges US to draft joint rule book to rein in tech giants

Smaller investors face down hedge funds, as GameStop soars

California: Criminal rings loot billions in jobless funds

Twitter launches crowd-sourced fact-checking project

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