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Microsoft’s $68.7 billion deal to acquire Activision Blizzard has been approved by EU regulators just weeks after UK regulators blocked the acquisition. The European Commission has concluded that the deal can pass thanks to commitments from Microsoft related to cloud gaming.The EU found that Microsoft “would have no incentive to refuse to distribute Activision’s games to Sony” and that “even if Microsoft did decide to withdraw Activision’s games from the PlayStation, this would not significantly harm competition in the…

Last Updated: May 11, 2023, 09:02 ISTElectric Vehicles (Photo: IANS)The approval of the scheme signifies the government's commitment to passenger safety, environmental sustainability, and the promotion of electric vehiclesIn a groundbreaking move, the Delhi Government has given its much-awaited approval to the Motor Vehicle Aggregator Scheme 2023, a game-changing regulation set to transform the cab-aggregator and delivery service industry in the capital city.Chief Minister Arvind Kejriwal, after granting his seal of…

For the first time, a vaccine to protect against respiratory syncytial virus (RSV) seems poised to help thousands. The vaccine received approval on May 3 by the US Food and Drug Administration (FDA) for people over 60, and it's a significant moment that's been decades in the making.Should it receive approval from the US Centers for Disease Control and Prevention – which could be granted by June – the vaccine would be available at pharmacies and clinics in the US by autumn.In most cases, RSV isn't much worse than a common…

WASHINGTON—The World Bank’s executive board approved Ajay Banga as its next president on Wednesday, putting the India-born American businessman in charge of an effort to expand lending capacity and fight climate change.   Mr. Banga, who was nominated for the post by President Biden, succeeds David Malpass, a nominee of former President Donald Trump who is stepping down in June, a year before his term ends.  WASHINGTON—The World Bank’s executive board approved Ajay Banga as its next…

The European Union’s parliament approved legislation to tax imports based on the greenhouse gases emitted to make them, clearing the final hurdle before the plan becomes law and enshrines climate regulation in the rules of global trade for the first time. Tuesday’s vote caps nearly two years of negotiations aimed at pushing economies around the world to put a price on carbon-dioxide emissions while shielding the EU’s manufacturers from countries that aren’t regulating greenhouse-gas emissions as…

Gogoro 2, Gogoro 2 Plus electric scootersThe Gogoro 2 and Gogoro 2 Plus premium electric scooters approved in India will get Gogoro’s battery-swapping technology (via ZigWheels). The company is eager to set up its battery-swapping technology in the country and has been testing its facilities. The swappable batteries reduce the turnaround time to a couple of minutes, much like filling up a vehicle’s fuel tank at a fuel pump. Usually, charging batteries can take anywhere between 30-40 mins to 3-5 hours depending upon the…

Dawn Aerospace CEO Stefan Powell announced today that the company’s Mk-II Aurora spaceplane has received approval from the Civil Aviation Authority of New Zealand for rocket-powered flight. The company is now ready to test the vehicle’s rocket engines with flights beginning next month.The Mk-II Aurora is a remotely piloted spaceplane that could eventually take two trips into space every day. During testing, the Mk-II will host research projects and collect scientific data with its onboard 3U payload capacity (i.e. 30…

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A federal regulator has approved with conditions a merger between Canadian Pacific Railway Ltd. CP 3.96% and Kansas City Southern, a $28 billion deal that would create the first freight rail network linking Canada, the U.S. and Mexico.Wednesday’s decision by the Surface Transportation Board, the economic regulator primarily overseeing freight railroads, cements the industry’s biggest merger in two decades. The STB said the deal would “improve the overall quality and…

The Biden administration said on Monday that it’s approving the Willow oil drilling project in the National Petroleum Reserve-Alaska. New oil drilling in Alaska Biden’s Willow plan will allow three drill sites in the National Petroleum Reserve on Alaska’s North Slope. ConocoPhillips, which is developing the oil drilling project, has said it will include around 219 wells and that it has the potential to produce 180,000 barrels of oil per day. ConocoPhillips will also give up rights to…