Watch: Cities in France Appeal to Become Guinea Pigs for Hyper-fast Train Systems
Recently, French President Emmanuel Macron scrapped plans for a high-speed rail connection to Limoges, a city in central France. “This kind of project is essential for a city like ours,” said Thibaut, “We have nothing here — this would bring companies, jobs, tourism.” Officials in cities like Limoges, Orleans and Toulouse are looking for cheaper approaches to futuristic transport.
Local entrepreneurs are taking up the helm to appeal to startups with futuristic transport ideas, in the vein of Elon Musk’s Hyperloop. Companies like TransPod and Hyperloop Transportation Technologies have shown some interest. TransPod’s technology is based on magnetic propulsion and electrified tracks, moving pods through a vacuum tunnel designed to reduce friction.
Latest
Biden Nears Win as Japan, Dutch Back China Chip Controls
For more on the West’s race to implement China chip controls, read Bloomberg’s explainer on the computer chip “arms race.” (Bloomberg) — Japan and the Netherlands are poised to join the US in limiting China’s access to advanced semiconductor machinery, forging a powerful alliance that will undercut Beijing’s ambitions to build its own domestic […]
NYSE Mayhem Traced to a Staffer Who Left a Backup System Running
(Bloomberg) — More than 700 miles from Wall Street, the New York Stock Exchange’s backup data center on Cermak Road in Chicago is supposed to safeguard US markets, standing by at all hours in case disaster ever strikes the world’s largest venue for trading shares. When markets are closed, it participates in a well-worn routine, […]
California Storms Have Farmers Rushing to Avoid Crop Shortfall
(Bloomberg) — California farmers are facing costly damages from weeks of severe California storms that may trigger more expensive US fruits and vegetables in a time of massive food inflation. “The numbers are going to be somewhere in the hundreds of millions and perhaps in the billions,” Dave Puglia, head of the trade group Western […]
