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Obamas fracking regulations hits a speedbump, not a brick wall

2016-06-22 21:59:00| Climate Ark Climate Change & Global Warming Newsfeed

Grist: President Obamas environmental legacy hasnt had a great year in court. Last October, a federal appeals court blocked an Environmental Protection Agency rule protecting wetlands, and in February, the Supreme Court pressed pause on his Clean Power Plan, the cornerstone of Obama`s climate change agenda. The latest blow came on Tuesday, when U.S. District Judge Scott Skavdahl, an Obama appointee, struck down the Department of Interiors fracking regulations. While the 2015 regulations weren`t considered...

Tags: wall hits regulations brick

India softens foreign investment regulations, woos Apple

2016-06-21 08:57:00| Telecompaper Headlines

(Telecompaper) India has released new foreign investment rules for retailers. The new regulations pave the way for Apple to resubmit its application and open its first retail stores in India, Reuters reports. The US-based giant currently sells its iPhone, iMac and iPad devices through resellers in India. The new rules exempt foreign retailers for three years from a requirement to source 30 percent of the goods sold in company-owned stores locally. Apple can now also seek an additional 5-year exemption if the government decides that its products meet the 'cutting edge' criteria.

Tags: india foreign investment apple