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Apple is reportedly scaling back production of its Vision Pro headsets due to disappointing sales and user feedback. The device, launched at $3,500, has not met sales expectations, leading to a reduction in daily production and potential discontinuation by year-end.
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Following Donald Trump's re-election, he has pledged to impose significant tariffs on imports, particularly targeting China. This has prompted global companies to reconsider their supply chains, with many seeking alternatives to Chinese manufacturing. The potential economic repercussions are being felt across various sectors, especially in Southeast Asia.
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Shell has successfully appealed a landmark Dutch court ruling that mandated a 45% reduction in its carbon emissions by 2030. The appellate court acknowledged Shell's obligation to limit emissions but stated it could not impose a specific reduction target. Environmental groups expressed disappointment but plan to continue their legal battles against major polluters.
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Recent developments highlight the ongoing challenges in securing critical minerals essential for clean energy technologies. The EU's efforts to diversify sources face competition from China, while new discoveries in Australia could reshape the palladium market. Recycling initiatives may mitigate mining needs, but geopolitical tensions complicate the landscape.
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California Governor Gavin Newsom plans to revive a state rebate program for electric vehicles (EVs) if the incoming Trump administration eliminates the federal $7,500 tax credit. This move comes amid concerns over potential declines in EV sales and a broader conflict over environmental policies.
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As COP29 unfolds in Azerbaijan, the country's deep ties to oil are evident. Local pride in oil's historical significance contrasts with global climate goals. ExxonMobil's CEO advocates for fossil fuel investment while acknowledging climate challenges, highlighting the complex relationship between energy needs and environmental concerns.
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Meta Platforms has issued a request for proposals to develop 1 to 4 gigawatts of nuclear power in the U.S. to meet rising energy demands for its data centers. This initiative aligns with a broader trend among tech giants investing in nuclear energy to support AI infrastructure and sustainability goals.
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A recent report warns that new gas projects could lead to significant greenhouse gas emissions, potentially undermining climate goals. Meanwhile, Indonesia grapples with its reliance on coal, and Australia aims to pivot towards renewable energy exports. South Korea is urged to reassess its biomass imports linked to deforestation.