News That Matters

Tag: Huge

Science Says: Amount of straws, plastic pollution is huge

Science Says: Amount of straws, plastic pollution is huge

Technology
Cities and nations are looking at banning plastic straws and stirrers in hopes of addressing the world's plastic pollution problem. The problem is so large, though, that scientists say that's not nearly enough. Australian scientists Denise Hardesty and Chris Wilcox estimate, using trash collected on U.S. coastlines during cleanups over five years, that there are nearly 7.5 million plastic straws lying around America's shorelines. They figure that means 437 million to 8.3 billion plastic straws are on the entire world's coastlines. But that huge number suddenly seems small when you look at all the plastic trash bobbing around oceans. University of Georgia environmental engineering professor Jenna Jambeck calculates that nearly 9 million tons (8 million metric tons) end up in the world's oc...
Chanda Kochhar 'a huge beneficiary' of Videocon loan, says whistleblower

Chanda Kochhar 'a huge beneficiary' of Videocon loan, says whistleblower

Finance
A day after the ICICI Bank cried foul over the controversy surrounding the loan sanctioned to Videocon Group, Trustee, Indian Investors Protection Council, Arvind Gupta, on Friday, said that the evidence in the case clearly shows the bank's CEO, Chanda Kochhar, being a beneficiary of the loan. "Evidence shows strong links that Chanda Kochhar and her family are a huge beneficiary of this loan. Government should order investigation and audit to check why loan was given to a sinking company," Gupta told ANI. Deepak Kochhar, who is Chanda Kochhar's husband, is an indirect beneficiary of the loan granted to Videocon, according to Gupta. "Venugopal Dhoot transferred money from Videocon Group to Supreme Energy, in which he had 90 percent shares. He promoted it and later transferred it to Deepak K...
March For Our Lives: Huge gun-control rallies sweep US

March For Our Lives: Huge gun-control rallies sweep US

World
Media playback is unsupported on your deviceHundreds of thousands of protesters are taking to the streets across the US to call for tighter gun control.The March For Our Lives movement arose after 17 deaths in a school shooting in Parkland, Florida, last month.Student leader and Parkland survivor Emma Gonzalez gave a powerful speech at the main Washington DC event.After listing the names of the victims, she stayed silent on stage for six minutes, 20 seconds - the time it took for them to be killed. More than 800 sister protests were planned nationwide and abroad, with solidarity events taking place in Edinburgh, London, Geneva, Sydney and Tokyo. As it happened: March For Our LivesIn pictures: Marches across the US and worldwideWhat happened in Washington? Huge crowds - including a high pro...
Treasury in US talks to speed up huge RBS fine

Treasury in US talks to speed up huge RBS fine

Business
The Treasury has held secret talks with‎ US officials aimed at accelerating a multibillion fine for Royal Bank of Scotland (RBS) that would finally draw a line under its pre-bailout misconduct.Sky News has learnt that officials from the Treasury were due to discuss earlier this week the progress of settlement negotiations between RBS‎ and the Department of Justice (DoJ) over the mis-selling of residential mortgage-backed securities (RMBS).The talks were scheduled just days before the state-backed lender is expected to report its tenth consecutive annual loss - depending upon whether it takes another big charge for the impending DoJ fine.A senior City insider said this weekend that discussions between the Treasury and US officials were aimed at expediting a final penalty for the bank, which
Four triggers could cause a huge cryptocurrency crash

Four triggers could cause a huge cryptocurrency crash

Finance
If it's true that the bigger they are, the harder they fall, then cryptocurrencies have been gearing up for a tremendous decline.But, then again, maybe this is just the start for the great crypto bull market.As of Monday, the entire cryptocurrency market stands at approximately $ 563 billion, according to industry site CoinMarketCap, which represents a more than 3,400 percent increase from the beginning of 2017.With some cryptocurrencies soaring several thousand percent, Google search results for the space coming in at all-time highs and lots of people hoping for overnight riches in nascent markets, it begs the question: Just how far can this growth be sustained and are we in a crypto currency bubble?I'm not going to argue whether or not the space is dangerously overinflated, but I am in t...