Energy & Green Tech

Energy transition at risk from commodity market fragmentation: IMF

Growing geopolitical fragmentation since the invasion of Ukraine has hit commodity markets, threatening to slow the transition to renewable energy as the world looks to combat climate change, the International Monetary Fund ...

Business

Salvadoran president vows to buy "one #Bitcoin every day'

President Nayib Bukele of El Salvador, the first country to make bitcoin legal tender, said Thursday the nation would buy one unit of the currency every day, doubling down in the face of public criticism of his embrace of ...

Business

Amazon plans to invest $2.5 billion in Spain

Amazon cloud computing unit AWS plans to invest $2.5 billion in Spain over the next 10 years which will create over 1,300 jobs, the US e-commerce giant said Wednesday.

Business

Samsung Electronics forecasts 11.4% rise in 2Q profits

Samsung Electronics expects operating profits in the second quarter to rise 11.4 percent, the South Korean tech giant said in a statement Thursday, despite ongoing global supply chain woes.

Hi Tech & Innovation

UAE vows 'responsible' artificial intelligence rollout

The world's first minister for artificial intelligence says the United Arab Emirates isn't only looking for economic benefits as it seeks to become a leading nation in the sector.

Automotive

Spain aims EU funds for boost to electric car industry

The Spanish government will invest 4.3 billion euros ($5.1 billion) from its share of European pandemic recovery funds to revamp its automobile industry and steer it toward manufacturing electric vehicles and their components, ...

Business

France claims EU green light for more Air France aid

The French government said Sunday it has reached a deal with the European Commission allowing it to inject fresh money into flagship airline Air France, whose finances are creaking under the impact of coronavirus restrictions.

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