Jaguar Land Rover Seeks $500 Million Offshore Loan
Proceeds raised will partially refinance an existing $800 million loan maturing in January. The company is in talks with a group of banks, with which it has relationships, according to the statement.
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San Francisco Chronicle
2 hours ago
- San Francisco Chronicle
Microsoft employee protests lead to arrests as company reviews its work with Israel's military
REDMOND, Wash. (AP) — Worker-led protests erupted at Microsoft headquarters this week as the tech company promises an 'urgent' review of the Israeli military's use of its technology during the ongoing war in Gaza. A second day of protests at the Microsoft campus on Wednesday called for the tech giant to immediately cut its business ties with Israel. The police department began making arrests after Microsoft said the protesters were trespassing. 'We said, 'Please leave or you will be arrested,' and they chose not to leave so they were detained,' said police spokesperson Jill Green. Microsoft late last week said it was tapping a law firm to investigate allegations reported by British newspaper The Guardian that the Israeli Defense Forces used Microsoft's Azure cloud computing platform to store phone call data obtained through the mass surveillance of Palestinians in Gaza and the West Bank. 'Microsoft's standard terms of service prohibit this type of usage," the company said in a statement posted Friday, adding that the report raises 'precise allegations that merit a full and urgent review.' The company said it will share the findings after law firm Covington & Burling completes its review. The promised review was insufficient for the employee-led No Azure for Apartheid group, which for months has protested Microsoft's supplying the Israeli military with technology used for its war against Hamas in Gaza. In February, The Associated Press revealed previously unreported details about the American tech giant's close partnership with the Israeli Ministry of Defense, with military use of commercial AI products skyrocketing by nearly 200 times after the deadly Oct. 7, 2023, Hamas attack. The AP reported that the Israeli military uses Azure to transcribe, translate and process intelligence gathered through mass surveillance, which can then be cross-checked with Israel's in-house AI-enabled targeting systems. Following The AP's report, Microsoft acknowledged the military applications but said a review it commissioned found no evidence that its Azure platform and artificial intelligence technologies were used to target or harm people in Gaza. Microsoft did not share a copy of that review or say who conducted it. Microsoft in May fired an employee who interrupted a speech by CEO Satya Nadella to protest the contracts, and in April, fired two others who interrupted the company's 50th anniversary celebration.
The Hill
2 hours ago
- The Hill
Microsoft employee protests lead to arrests as company reviews its work with Israel's military
REDMOND, Wash. (AP) — Worker-led protests erupted at Microsoft headquarters this week as the tech company promises an 'urgent' review of the Israeli military's use of its technology during the ongoing war in Gaza. A second day of protests at the Microsoft campus on Wednesday called for the tech giant to immediately cut its business ties with Israel. The police department began making arrests after Microsoft said the protesters were trespassing. 'We said, 'Please leave or you will be arrested,' and they chose not to leave so they were detained,' said police spokesperson Jill Green. Microsoft late last week said it was tapping a law firm to investigate allegations reported by British newspaper The Guardian that the Israeli Defense Forces used Microsoft's Azure cloud computing platform to store phone call data obtained through the mass surveillance of Palestinians in Gaza and the West Bank. 'Microsoft's standard terms of service prohibit this type of usage,' the company said in a statement posted Friday, adding that the report raises 'precise allegations that merit a full and urgent review.' The company said it will share the findings after law firm Covington & Burling completes its review. The promised review was insufficient for the employee-led No Azure for Apartheid group, which for months has protested Microsoft's supplying the Israeli military with technology used for its war against Hamas in Gaza. In February, The Associated Press revealed previously unreported details about the American tech giant's close partnership with the Israeli Ministry of Defense, with military use of commercial AI products skyrocketing by nearly 200 times after the deadly Oct. 7, 2023, Hamas attack. The AP reported that the Israeli military uses Azure to transcribe, translate and process intelligence gathered through mass surveillance, which can then be cross-checked with Israel's in-house AI-enabled targeting systems. Following The AP's report, Microsoft acknowledged the military applications but said a review it commissioned found no evidence that its Azure platform and artificial intelligence technologies were used to target or harm people in Gaza. Microsoft did not share a copy of that review or say who conducted it. Microsoft in May fired an employee who interrupted a speech by CEO Satya Nadella to protest the contracts, and in April, fired two others who interrupted the company's 50th anniversary celebration.
Yahoo
3 hours ago
- Yahoo
India curbs solar power output to keep grid stable amid low demand, ministry says
By Sudarshan Varadhan and Sethuraman N R SINGAPORE/NEW DELHI (Reuters) -India is curbing solar output during periods of low demand to keep its power grid stable and to ease congestion in power lines as green energy supply rises, its Ministry of New and Renewable Energy (MNRE) told Reuters. Congestion in power lines due to some new plants coming into operation ahead of schedule and delayed transmission projects have also forced power output curbs, also known as curtailment, the MNRE said in an emailed response to questions late on Monday. The curtailments are the latest setback to India's renewable power developers, who are increasingly languishing without supply contracts as demand for power slows. The National Solar Energy Federation of India (NSEFI) said in a July 24 letter to the ministry that solar power producers in Rajasthan, the top green power producing state, were facing prolonged and frequent curtailments, which had risen to 48% of output during peak generation hours. The producers have lost more than $26 million in revenue since April due to the curbs, NSEFI said in the letter reviewed by Reuters. NSEFI, whose members include the green energy arms of Indian conglomerates Adani and Tata, Amazon Web Services, Dutch investment firm SHV and Malaysia's Gentari, said curtailments undermined project viability and future investments. "Projects in the state had been deferred by 18-20 months to accommodate for the delays in the transmission system, but are still unable to be commissioned due to even further delays," NSEFI said. NSEFI has asked the government to accelerate transmission and battery storage projects, some of which face up to two years of delay. The federal power ministry has said it is fast-tracking interstate transmission lines to support renewable energy. BEYOND RAJASTHAN While Rajasthan is the worst affected by curtailments, other major green energy producers such as the southern Tamil Nadu state, and Gujarat and Maharashtra in the west are also curbing output, according to four industry officials and analysts. Data compiled by Tamil Nadu's Renewable Energy Producers Association showed solar output was 10% lower than forecast in the quarter ended June. J Radhakrishnan, a spokesman for the Tamil Nadu energy department said solar was being curbed as a "last resort" measure, and that coal power was also being curtailed amid low demand. India's renewable energy generation, mainly solar, rose at a record pace in the six months ended June as previously awarded projects came online, while overall power generation growth was largely flat compared with an increase of nearly 6% in 2024. However, solar projects awarded in the three months ended June fell 75% annually and tenders for new projects declined 65%, according to clean energy consultancy Mercom. The decline reflects a "temporary recalibration rather than a slowdown," MNRE said, adding that bids were being issued in line with national targets and demand. Government data shows the usage rate of solar capacity fell to 21.4% in May and 19.5% in June. The MNRE said some of it was due to lower irradiance, adding it expected capacity utilisation of 21%–25% range from February to June in the future.
