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Tag: years

GM to invest $2.7B over 5 years at Brazil production plants

GM to invest $2.7B over 5 years at Brazil production plants

World
March 19 (UPI) -- General Motors is planning to invest $ 2.7 billion over the next five years in the Brazilian state of Sao Paulo, after securing incentives and a union accord. Of the total amount, half will go into the Sao Jose dos Campos plant, where the new generation Chevrolet S10 pickup truck will be built, G1 reported. The investment came after Sao Paulo state offered incentives and the Sao Caetano plant will also see investments in new products and technology, Folha de Sao Paulo reported. The information was provided after a meeting Tuesday between Sao Paulo Gov. Joao Doria and GM Latin America President Carlos Zarlenga. "I thought today was never going to come," Zarlenga said Tuesday in a report by Folha. The investments will make it possible to keep at least 13,000 jobs in Sao P...
British pound surges the most in nearly two years after UK lawmakers vote to reject a no-deal Brexit

British pound surges the most in nearly two years after UK lawmakers vote to reject a no-deal Brexit

Finance
Sterling rose on Wednesday after U.K. lawmakers rejected leaving the European Union without a withdrawal agreement. The pound was up 2 percent against the dollar at $ 1.3339 as investors become more optimistic that a hard Brexit would be ruled out. That's the biggest move since April 2017. "Our base view — and the currency is telling you this — is we will get some form of resolution," said KKR's global head of macro and asset allocation Henry McVey on CNBC's Closing Bell. "Clearly, there's been slowing related to Brexit. The way we're approaching it is this...
The Ancestral Puebloans were getting tattoos at least 2,000 years ago

The Ancestral Puebloans were getting tattoos at least 2,000 years ago

Science
Feb. 28 (UPI) -- Archaeologists have identified the oldest tattoo tool in western North America. The ancient artifact, which had been sitting in storage for 40 years, was found by Andrew Gillreath-Brown, a doctoral candidate in anthropology at Washington State University. "When I first pulled it out of the museum box and realized what it might have been, I got really excited," Gillreath-Brown said in a news release. Archaeologists determined the inking tool is at least 2,000 years old and was built and used by the Ancestral Pueblo people who made their home in southeastern Utah. Researchers described the discovery in a new paper published this week in the Journal of Archaeological Science: Reports. "Tattooing by prehistoric people in the Southwest is not talked about much because there h...
Biologists name new deep-sea shark species after 30 years of research

Biologists name new deep-sea shark species after 30 years of research

Science
Feb. 27 (UPI) -- After 30 years of research, scientists have finally given an unusual lantern shark its own species designation and a new name -- a family name. University of Rhode Island shark researcher Bradley Wetherbee named the deep sea species Laila's lantern shark after his 17-year-old daughter, Laila Mostello-Wetherbee. The newly named species' scientific name is Etmopterus lailae. Wetherbee has known the lantern shark for nearly twice as long as he's known his daughter. But while his daughter arrived with a name, it took Etmopterus lailae three decades to earn its designation. "It's not uncommon for it to take many years for a new species to be recognized as new to science and then properly described and named," Wetherbee, a professor in the department of biological sciences, sai...