The UK accelerates ban on diesel and petrol cars to combat climate change.

From The Motley Fool: 2024-07-22 10:26:23

In an effort to combat climate change, the UK announces plans to ban the sale of new diesel and petrol cars by 2030, 10 years earlier than initially planned. The move aims to accelerate the transition to electric vehicles and reduce greenhouse gas emissions.

Elon Musk becomes the second-richest person in the world, surpassing Bill Gates. His net worth soared to $128 billion due to Tesla’s stock surge, making him one of the biggest beneficiaries of the pandemic-driven tech rally. Musk’s wealth now rivals that of Amazon founder Jeff Bezos.

After months of negotiation, the EU agrees on a €1.8 trillion budget and coronavirus recovery package. The deal includes a €750 billion stimulus package to help member states recover from the economic impact of COVID-19. This marks the largest joint borrowing ever agreed upon by EU leaders.

China launches a historic mission to collect samples from the moon, with the goal of bringing them back to Earth. The Chang’e-5 spacecraft is set to land on the moon, collect samples, and return to Earth in what would be China’s first successful attempt to retrieve lunar material.



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