Reuters was first to report on Intel’s decision not to divest its majority stake in Mobileye, boosting the Israeli company’s shares by over 16%. Mobileye shares, which have dropped 73% this year, took a beating earlier in the month after media reports that Intel was looking to sell a portion of its stake in the company.
Business
Intel says it has no plans to divest majority stake in Mobileye
Business & FinanceDealsTechnology
19 September 2024, 10:35 am 1 minute
Market Impact
Intel acquired Mobileye in a $15.3 billion deal in 2017 but relisted its shares five years later through an initial public offering.
Article Tags
Topics of Interest: Business & FinanceDealsTechnology
Type: Reuters Best
Sectors: Business & FinanceTechnology
Regions: Americas
Win Types: Speed
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
Continue Reading
Travel
Turkish Airlines offers Middle East customers 25 per cent discount on flights to specific destinations in Türkiye
Turkish Airlines has launched a new “Experience Türkiye” campaign wherein customers from the Middle East who are booking trips to specific destinations within Türkiye can enjoy a 25 per cent discount on flights
The total number of inbound tourists in Hong Kong is still about 30% lower than in 2018, not 30% of the 2018 level
If the FT’s editorial board thinks pylons and cables are “the forgotten, less sexy, part of the green transition” (FT View, October 9), then electricity market reforms are a real turn-off. Yet these, too, could help us benefit from low-cost renewable electricity, and encourage infrastructure development where it is needed.
For example, the UK’s and Australia’s renewable energy industries have resisted a market reform, called locational marginal pricing, that would make electricity prices reflect local supply and demand.
In the UK, all electricity is sold at the same price on the national spot market. This means even if there is low demand or oversupply in a given area, the price isn’t any cheaper than in a location clamouring for energy.
Moving to a market model that captures where electricity is produced and consumed could reduce the amount paid to generators for unused electricity in parts of the country that don’t use much power, and potentially lower energy bills, according to the regulator Ofgem.
Batteries and new renewable projects would become more attractive in places with low supply and high demand. Smart meters could help households use more electricity at cheaper times of day in their area. Locational pricing also could incentivise energy-intensive businesses like data centres and factories to build their facilities in areas with cheap power, contributing to economic development outside of current demand hubs.
Detractors are concerned renewable investment will decrease because of higher uncertainty. Yet more than half of US capacity falls under locational pricing introduced decades ago. This has not deterred renewable investment. According to the International Renewable Energy Agency, the US added over 200GW of capacity between 2013 and 2023, more than doubling over a decade.
While topical, locational marginal pricing is not the only useful market reform to promote the energy transition. Capacity markets shore up reliable electricity supply even if it is ultimately not dispatched, mitigating the risk of renewable intermittency. Carbon prices, like emissions trading schemes, also help incentivise renewable development by making carbon-intensive power more expensive. While both mechanisms are in use in the UK and Europe, neither has widespread global adoption.
Market reforms are even less visible than pylons and wires, yet they are just as essential for realising the world’s renewable energy potential as fast as possible.
Lucy Shaw
London W8, UK
Two articles — “China’s ills are serious but not incurable” (Opinion, October 16) and “Global public debt to exceed $100tn this year, says IMF” (Report, October 16) — indicate a global economic system severely out of balance. Neither high savings rates in the east nor exploding governmental borrowing (and cheap money) in the west are able to generate continued economic growth at levels that were achieved in the recent past.
The problem in both cases is inadequate domestic aggregate demand. Curiously the root cause is the same — an excessive concentration of wealth.
Whether it is investing primarily in export-oriented manufacturing or altering tax policy in favour of “the wealth creators”, the result is the same: domestic aggregate demand has been reduced.
Only by a reversal of policy will things change. Whether this is done deliberately or as the result of a “panic” will determine how dramatic the societal dislocations will be.
Guy Wroble
Denver, CO, US
Travel and food membership programme Dis-loyalty hs partnered with SLS Dubai’s Carna to inspire guests to step out of their regular routine and explore more in life, through the introduction of a unique dining experience this October
Beijing has stepped up stimulus efforts as it seeks to hit full-year GDP target of 5%
-
Science & Environment4 weeks agoHyperelastic gel is one of the stretchiest materials known to science
-
Technology4 weeks agoWould-be reality TV contestants ‘not looking real’
-
Technology3 weeks agoIs sharing your smartphone PIN part of a healthy relationship?
-
Science & Environment4 weeks agoHow to unsnarl a tangle of threads, according to physics
-
Science & Environment4 weeks ago‘Running of the bulls’ festival crowds move like charged particles
-
Science & Environment4 weeks agoMaxwell’s demon charges quantum batteries inside of a quantum computer
-
Science & Environment4 weeks agoLiquid crystals could improve quantum communication devices
-
Womens Workouts3 weeks ago3 Day Full Body Women’s Dumbbell Only Workout
-
Science & Environment3 weeks agoX-rays reveal half-billion-year-old insect ancestor
-
Science & Environment4 weeks agoQuantum ‘supersolid’ matter stirred using magnets
-
Science & Environment4 weeks agoSunlight-trapping device can generate temperatures over 1000°C
-
Science & Environment4 weeks agoWhy this is a golden age for life to thrive across the universe
-
Science & Environment4 weeks agoNerve fibres in the brain could generate quantum entanglement
-
Science & Environment4 weeks agoQuantum forces used to automatically assemble tiny device
-
Science & Environment4 weeks agoA slight curve helps rocks make the biggest splash
-
Science & Environment4 weeks agoLaser helps turn an electron into a coil of mass and charge
-
Science & Environment4 weeks agoITER: Is the world’s biggest fusion experiment dead after new delay to 2035?
-
Science & Environment4 weeks agoHow to wrap your mind around the real multiverse
-
News1 month ago
the pick of new debut fiction
-
News4 weeks agoOur millionaire neighbour blocks us from using public footpath & screams at us in street.. it’s like living in a WARZONE – WordupNews
-
Science & Environment4 weeks agoTime travel sci-fi novel is a rip-roaringly good thought experiment
-
Science & Environment4 weeks agoNuclear fusion experiment overcomes two key operating hurdles
-
Technology3 weeks agoWhy Machines Learn: A clever primer makes sense of what makes AI possible
-
News1 month ago▶️ Hamas in the West Bank: Rising Support and Deadly Attacks You Might Not Know About
-
Science & Environment4 weeks agoPhysicists are grappling with their own reproducibility crisis
-
News4 weeks ago▶️ Media Bias: How They Spin Attack on Hezbollah and Ignore the Reality
-
Science & Environment4 weeks agoA new kind of experiment at the Large Hadron Collider could unravel quantum reality
-
News4 weeks agoYou’re a Hypocrite, And So Am I
-
Business3 weeks ago
Eurosceptic Andrej Babiš eyes return to power in Czech Republic
-
Technology3 weeks agoMicrophone made of atom-thick graphene could be used in smartphones
-
Business2 weeks agoWhen to tip and when not to tip
-
Sport2 weeks agoCoco Gauff stages superb comeback to reach China Open final
-
Science & Environment1 month agoCaroline Ellison aims to duck prison sentence for role in FTX collapse
-
Science & Environment4 weeks agoPhysicists have worked out how to melt any material
-
Sport4 weeks agoJoshua vs Dubois: Chris Eubank Jr says ‘AJ’ could beat Tyson Fury and any other heavyweight in the world
-
News1 month agoNew investigation ordered into ‘doorstep murder’ of Alistair Wilson
-
News4 weeks ago
The Project Censored Newsletter – May 2024
-
Sport3 weeks agoWatch UFC star deliver ‘one of the most brutal knockouts ever’ that left opponent laid spark out on the canvas
-
Technology3 weeks agoUkraine is using AI to manage the removal of Russian landmines
-
Sport2 weeks agoWales fall to second loss of WXV against Italy
-
Technology3 weeks agoUniversity examiners fail to spot ChatGPT answers in real-world test
-
Technology2 weeks agoThis AI video generator can melt, crush, blow up, or turn anything into cake
-
Business2 weeks ago
DoJ accuses Donald Trump of ‘private criminal effort’ to overturn 2020 election
-
Science & Environment4 weeks agoRethinking space and time could let us do away with dark matter
-
Technology3 weeks agoQuantum computers may work better when they ignore causality
-
Health & fitness4 weeks agoThe secret to a six pack – and how to keep your washboard abs in 2022
-
Science & Environment4 weeks agoA tale of two mysteries: ghostly neutrinos and the proton decay puzzle
-
Technology3 weeks agoRobo-tuna reveals how foldable fins help the speedy fish manoeuvre
-
Business3 weeks ago
Should London’s tax exiles head for Spain, Italy . . . or Wales?
-
MMA3 weeks agoConor McGregor challenges ‘woeful’ Belal Muhammad, tells Ilia Topuria it’s ‘on sight’
-
Football3 weeks agoFootball Focus: Martin Keown on Liverpool’s Alisson Becker
-
Science & Environment4 weeks agoFuture of fusion: How the UK’s JET reactor paved the way for ITER
-
News4 weeks ago
Israel strikes Lebanese targets as Hizbollah chief warns of ‘red lines’ crossed
-
Technology3 weeks ago‘From a toaster to a server’: UK startup promises 5x ‘speed up without changing a line of code’ as it plans to take on Nvidia, AMD in the generative AI battlefield
-
Sport3 weeks agoWorld’s sexiest referee Claudia Romani shows off incredible figure in animal print bikini on South Beach
-
Business2 weeks ago
Bank of England warns of ‘future stress’ from hedge fund bets against US Treasuries
-
TV2 weeks agoPhillip Schofield accidentally sets his camp on FIRE after using emergency radio to Channel 5 crew
-
Technology2 weeks agoAmazon’s Ring just doubled the price of its alarm monitoring service for grandfathered customers
-
News2 weeks agoHeartbreaking end to search as body of influencer, 27, found after yacht party shipwreck on ‘Devil’s Throat’ coastline
-
News2 weeks agoMassive blasts in Beirut after renewed Israeli air strikes
-
Technology1 month agoThe ‘superfood’ taking over fields in northern India
-
Politics4 weeks ago
UK consumer confidence falls sharply amid fears of ‘painful’ budget | Economics
-
News4 weeks agoWhy Is Everyone Excited About These Smart Insoles?
-
Technology3 weeks agoGet ready for Meta Connect
-
Politics3 weeks ago
Robert Jenrick vows to cut aid to countries that do not take back refused asylum seekers | Robert Jenrick
-
Health & fitness3 weeks agoThe 7 lifestyle habits you can stop now for a slimmer face by next week
-
News1 month agoHow FedEx CEO Raj Subramaniam Is Adapting to a Post-Pandemic Economy
-
Science & Environment4 weeks agoBeing in two places at once could make a quantum battery charge faster
-
CryptoCurrency4 weeks agoCardano founder to meet Argentina president Javier Milei
-
Science & Environment4 weeks agoWhy we need to invoke philosophy to judge bizarre concepts in science
-
Science & Environment4 weeks agoUK spurns European invitation to join ITER nuclear fusion project
-
Sport4 weeks agoUFC Edmonton fight card revealed, including Brandon Moreno vs. Amir Albazi headliner
-
Politics4 weeks ago
‘Appalling’ rows over Sue Gray must stop, senior ministers say | Sue Gray
-
TV4 weeks agoCNN TÜRK – 🔴 Canlı Yayın ᴴᴰ – Canlı TV izle
-
News4 weeks agoFour dead & 18 injured in horror mass shooting with victims ‘caught in crossfire’ as cops hunt multiple gunmen
-
Womens Workouts3 weeks ago3 Day Full Body Toning Workout for Women
-
Servers computers3 weeks agoWhat are the benefits of Blade servers compared to rack servers?
-
Business2 weeks ago
Ukraine faces its darkest hour
-
MMA2 weeks agoDana White’s Contender Series 74 recap, analysis, winner grades
-
MMA2 weeks agoPereira vs. Rountree prediction: Champ chases legend status
-
News2 weeks agoHull KR 10-8 Warrington Wolves – Robins reach first Super League Grand Final
-
Technology2 weeks agoA very underrated horror movie sequel is streaming on Max
-
News2 weeks ago▶ Hamas Spent $1B on Tunnels Instead of Investing in a Future for Gaza’s People
-
Entertainment2 weeks agoChristopher Ciccone, artist and Madonna’s younger brother, dies at 63
-
Business2 weeks agoChancellor Rachel Reeves says she needs to raise £20bn. How might she do it?
-
Sport2 weeks agoLauren Keen-Hawkins: Injured amateur jockey continues progress from serious head injury
-
MMA2 weeks agoJulianna Peña trashes Raquel Pennington’s behavior as champ
-
TV2 weeks agoসারাদেশে দিনব্যাপী বৃষ্টির পূর্বাভাস; সমুদ্রবন্দরে ৩ নম্বর সংকেত | Weather Today | Jamuna TV
-
Technology2 weeks agoMusk faces SEC questions over X takeover
-
Technology2 weeks agoTexas is suing TikTok for allegedly violating its new child privacy law
-
Technology2 weeks agoApple iPhone 16 Plus vs Samsung Galaxy S24+
-
Business2 weeks ago
Can liberals be trusted with liberalism?
-
News2 weeks agoBalancing India and China Is the Challenge for Sri Lanka’s Dissanayake
-
News2 weeks agoNavigating the News Void: Opportunities for Revitalization
-
CryptoCurrency4 weeks agoDZ Bank partners with Boerse Stuttgart for crypto trading
-
Business4 weeks ago
Thames Water seeks extension on debt terms to avoid renationalisation
-
Womens Workouts4 weeks agoEverything a Beginner Needs to Know About Squatting
-
News4 weeks agoShocking ‘kidnap’ sees man, 87, bundled into car, blindfolded & thrown onto dark road as two arrested
-
Science & Environment4 weeks agoMeet the world's first female male model | 7.30
-
Business1 month ago
JPMorgan in talks to take over Apple credit card from Goldman Sachs
You must be logged in to post a comment Login