Ohio found a novel way to subsidize its Vax-a-Million lottery system, which offers residents a $1 million prize or a full-ride scholarship to a four-year university in the state. The lottery system unveiled by Republican Gov. Mike DeWine last week will begin next Wednesday and continue for five weeks. The state is using federal funds…
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The most frightening thing in Capcom’s new horror game Resident Evil Village is not the mutilated hand of protagonist Ethan Winters, nor the 9ft-tall Lady Dimitrescu with her razor-sharp fingers: it is Thomas the Tank Engine. Just days after the game’s official release, members of the online modder community, who hack games to alter graphics…
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This article is an on-site version of our Energy Source newsletter. Sign up here to get the newsletter sent straight to your inbox every Tuesday and Thursday Two things to start: the International Energy Agency says energy groups must stop all new oil and gas projects from this year to keep climate change in check. And second, activist hedge fund Elliott Management…
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France’s Engie will boost asset sales and investment in renewables as its new chief executive promises to ensure the utility is “doing less stuff”. In her first big strategic announcement since taking the helm this year, Catherine MacGregor said she was going to sell €9bn-€10bn worth of assets by 2023, against previous guidance of “at…
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The CEO of Florida’s BayCare is fielding more pitches than ever to form joint ventures around newly built inpatient rehabilitation facilities. The answer is always no. “If I own half of it, I have an economic incentive to keep it full,” said Tommy Inzina. “I have to get everybody I can justify putting in there,…
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Shein‘s quiet rise has reached a crescendo as the fast fashion e-commerce app takes the crown from Amazon as the most downloaded shopping app on iOS and Android in the United States, according to data from app tracking firms App Annie and Sensor Tower. Its ascent is quiet because the startup, despite reportedly exceeding a $15 billion…
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Business has hardly ever been this political for technology companies. Taiwan Semiconductor Manufacturing Company is pouring $100bn into new fabrication plants, or fabs, over the next three years. In doing so, the world’s largest contract chipmaker is carefully balancing the demands on that capacity from the geopolitical rivals that are driving its growth: the US…
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For Chinese tech entrepreneur Wang Xing, a late-night post of an ancient poem on social media may have proved to be a $2.1bn mistake. Shares in Meituan, China’s biggest food delivery platform, tumbled about 14 per cent in Hong Kong last week after its founder shared four stanzas written 1,000 years ago by poet Zhang…
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Energy groups must stop all new oil and gas exploration projects from this year if global warming is to be kept in check, the International Energy Agency said. The proposal is one radical aspect of a scenario outlined by the Paris-based institution in a report released today on ways to achieve net zero carbon dioxide…
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The attendees at the decentralised conference entitled The Pooh Corner Debate on DeFi cheered Tigger when he went on stage. This was not surprising because a) most of the attendees were DeFi fans and b) Eeyore’s advice to investors to be wary of DeFi was a bit depressing. Tigger, bouncing up and down in his…
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