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Tag: billions

Watch billions of tons of ice collapse at once: Climate change impact on Greenland

Watch billions of tons of ice collapse at once: Climate change impact on Greenland

World
Perched on a cliff above Greenland’s Helheim glacier, I tried calling my wife in New York on a satellite phone. Before I could leave a message, an explosion broke the arctic silence. More explosions followed. I ran across a muddy tundra to a video camera on a tripod overlooking the glacier and ripped off the trash bag I had used to protect it. I hit record as fast as I could focus. The popping sounds morphed into a low rumble. Over the next half hour, the ice broke apart and a four-mile wide chunk tumbled into the sea in a process called calving - one rarely witnessed on this scale. As a Reuters photographer, I have captured erupting volcanoes, the aftermath of hurricanes and tornadoes, and war, but I have never felt so small. It was a poignant end to a months-long project e...
Ex-Malaysian PM in court over missing billions

Ex-Malaysian PM in court over missing billions

World
The former prime minister of Malaysia has denied three new charges of money laundering related to the alleged multibillion-dollar looting of a state investment fund. Najib Razak pleaded not guilty at Malaysia's high court on Tuesday.He also pleaded not guilty to abuse of power and three counts of criminal breach of trust last month.Najib claims Malaysia's new government is seeking political vengeance against him, and he has vowed to clear his name in the trial.The 64-year-old was beaten in a general election in May by his mentor-turned-foe Mahathir Mohamad after the scandal emerged. Image: Police take away crates from one of Najib Razak's apartments back in May Public anger led to the defeat of Najib's long-ruling...
Abu Dhabi commits billions to expand its refining capacity

Abu Dhabi commits billions to expand its refining capacity

Business
May 14 (UPI) -- More than $ 45 billion in investments over the next five years could position the United Arab Emirates as a global refining powerhouse, its oil company said. "Given the projected increase in demand for petrochemicals and higher value refined products, we are repositioning ADNOC to become a leading global downstream player," Ahmed al-Jaber, the CEO of the Abu Dhabi National Oil Co. and the Emirati minister of state, said in a statement. ADNOC said it would spend $ 45 billion over the next five years to expand its refining and petrochemicals operations at al-Ruwais, a city in western Abu Dhabi. ADNOC and its subsidiaries process 10.5 billion cubic feet of natural gas per day and has a refining capacity of 922,000 barrels per day. By 2025, the company said it would expand it...
Facebook to exclude billions from European privacy laws

Facebook to exclude billions from European privacy laws

Technology
Facebook has changed its terms of service, meaning 1.5 billion members will not be protected under tough new privacy protections coming to Europe.The move comes as the firm faces a series of questions from lawmakers and regulators around the world over its handling of personal data.The change revolves around which users will be regulated via its European headquarters in Ireland. Facebook said it planned clearer privacy rules worldwide.The move, reported by Reuters, will see Facebook users outside the EU governed by Facebook Inc in the US rather than Facebook Ireland.It is widely seen as a way of the social network avoiding having to apply the upcoming General Data Protection Regulation (GDPR) to countries outside the EU.The change will affect more than 70% of its more than two billion memb...
Google and Facebook could be fined billions

Google and Facebook could be fined billions

Technology
Google and Facebook could face fines stretching into billions of pounds if they breach users' privacy under a new law.The fines are part of the Data Protection Bill which the Government is introducing to give citizens more control over their data.It will place new requirements on companies about how they are allowed to hold and use data on ordinary citizens.In the case of the most serious breaches of these rules, it allows the data regulator, the Information Commissioner's Office (ICO), to fine companies £17m or 4% of their global turnover, whichever is higher.The fines for the largest companies which use individuals' data to sell advertisements, such as Google and Facebook, could stretch to billions of pounds.Neil Brown, a solicitor at Decoded Legal, a law firm specialising in digital law