Category: Business

Moody’s Lowers China’s Credit Rating

China protested when the investors service lowered its credit rating 1 notch because of China’s rising debt load (which could be difficult to service) and slowing growth. It is the first time in the 30 years since the end of the devastation caused by Mao and the Cultural Revolution that China’s credit rating has been … Read more

China’s Solar Output Increased 80% in First Quarter

China, the world’s biggest solar power market, added 21.4b kilowatt-hours in the three months before March 31, compared with a year earlier, according to the NEA. It’s total installed capacity is now 85gw. Their increase is despite an unused capacity (congested transmission infrastructure) worth 2.3b kilowatt-hours in the first quarter. Read more

1.3m Dodge Rams Recalled

During a rollover, side airbags and seatbelts may not work properly due to a defect in the truck’s software so far blamed for one death. The vehicles being recalled are the 2013-16 Ram 1500 and 2500 pickups, and the 2014-16 Ram 3500. Fiat Chrysler said the recall covered 1m vehicles in the United States and … Read more

Fragment of Massive Diamond Sold for $17.5m

A piece of the world’s second-largest diamond, found 2 years ago by Vancouver’s Lucara Diamond company, just sold for $17.5m. The big rock in question is the 1,109-carat “Lesedi La Rona.” They wanted $70m for it at the auction, but no one bid higher than $60m so they still have it. The $17.5m diamond is … Read more

Microsoft Blaming NSA for WannaCry Malware Pandemic

Microsoft President Brad Smith complained that various governments “stockpile vulnerabilities.” In other words, governments and agencies find weaknesses in technology and then keep that information to themselves in case they want to use it. Smith said the current WannaCry malware event was a very rare one, combining a piece of very sophisticated software (to do … Read more