Detroit's Electric Road, Ronaldo Lawsuit, Climate Change Summit

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This week, Detroit unveiled the nation's first road capable of wirelessly charging electric vehicles in motion, marking a significant advancement in the technology's adoption. The project, spanning a quarter-mile, serves as a proof of concept for the practicality of wireless charging as part of a future comprehensive charging infrastructure for electric vehicles across the country.

The system employs magnetic resonance induction, a principle akin to the wireless charging used in smartphones and various devices, a concept originally explored by Nikola Tesla. This involves embedding large copper coils beneath the roadway to generate a magnetic field. As a vehicle equipped with a corresponding receiver passes over, it induces an electric current, charging the vehicle's battery while in transit. This method is safe for humans.

In this trial, the wireless charging achieved rates up to 19 kW, which, while a fraction of the total energy an average electric vehicle requires for regular operation, represents a significant step forward.

Industry experts suggest that such roads could significantly alleviate "range anxiety," a common concern among potential electric vehicle buyers about the limited travel distance of such vehicles.

Cristiano Ronaldo, the celebrated Portuguese footballer, is facing a class-action lawsuit demanding damages of no less than $1 billion. This legal action stems from his involvement in endorsing cryptocurrency-based "non-fungible tokens" (NFTs), which are linked to the troubled crypto exchange Binance.

The lawsuit, which was lodged in the federal court of the Southern District of Florida on Monday, accuses Ronaldo of engaging in "deceptive and unlawful" promotional activities for Binance. According to the plaintiffs, Binance's collaboration with prominent personalities such as Ronaldo guided them towards investments that proved to be expensive and risky.

On Thursday, the U.N. climate summit marked an initial success as participants agreed to create a novel fund aimed at assisting less affluent countries in managing the expenses associated with climate-induced catastrophes.

Sultan Ahmed al-Jaber, the President of COP28, remarked that this resolution delivers an encouraging message of progress to the global community and to the ongoing efforts in Dubai.

The establishment of this fund on the inaugural day of the two-week COP28 meeting paves the way for nations to declare their financial contributions to this initiative.