The signing of a licensing deal late last year for South Africa’s Aspen Pharmacare to bottle and sell the Johnson and Johnson Covid-19 vaccine across Africa was hailed as a lifeline for a continent that lost out in the rush for jabs early in the pandemic. But six months later, the factory is on the…
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AGL Energy has abandoned a plan to spin off its coal-fired power plants and its chief executive and chair resigned after tech billionaire and climate activist Mike Cannon-Brookes bought shares in the company in an effort to block the restructure. The Australian company said on Monday that it believed Cannon-Brookes’s attempt to persuade shareholders with…
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AGL Energy has abandoned a plan to spin off its coal-fired power plants and its chief executive and chair resigned after tech billionaire and climate activist Mike Cannon-Brookes bought shares in the company in an effort to block the restructure. The Australian company said on Monday that it believed Cannon-Brookes’s attempt to persuade shareholders with…
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Imperial College London is to set up a research institute to explore and develop technologies needed to support the aviation industry’s transition to net zero, backed by a £25mn donation from a former student. Researchers at the new Brahmal Vasudevan Institute for Sustainable Aviation will look at all elements of air transport, from fuel and…
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The Swiss Re insurance group has 14,000 employees scattered around the world and if any of them want to fly somewhere for work this year, they will need to have a good reason. To do its bit to tackle climate change, the company has decided that in 2022, its greenhouse gas emissions from air travel…
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The Centers for Medicare and Medicaid Services will take lower-than-anticipated spending on the controversial Alzheimer’s disease medication Aduhelm into account when calculating Medicare Part B premiums for 2023, the agency announced Friday. CMS concluded that passing on the savings to Medicare enrollees this year wasn’t operationally feasible. In addition, the agency concluded it doesn’t have…
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This article is an on-site version of our #techFT newsletter. Sign up here to get the newsletter sent straight to your inbox Sony is seeing a smart strategy — growing in gaming, smartphones and automobiles — stymied by supply chain issues hitting its hardware. Its meeting with investors, which ended today, was a mixture of…
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Cleveland Clinic reported a $104.5 million operating loss in the first quarter as labor expenses rose and inpatient admissions declined. The 20-hospital not-for-profit health system’s revenue rose to $3.04 billion in the first quarter of 2022 from $2.81 billion in the prior-year period, when it posted $61.7 million in operating income. Cleveland Clinic’s labor costs…
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The writer is a technology analyst Technology is full of narratives, but one of the loudest and most persistent concerns artificial intelligence and something called “data”. AI is the future, we are told, and it’s all about data — and data is the future, and we should own it and maybe be paid for it. And countries…
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Governments across the world that have placed a cost on carbon emissions raised $84bn collectively in 2021, but the World Bank has warned that this is “far from adequate” in the effort to limit global warming. The 60 per cent rise from the previous year in the funds generated by countries charging companies for their…
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