The European Commission considers allowing European Union countries more flexibility in reaching a 90% emissions cut target by 2040, amid growing backlash against the too stringent EU climate policies. In early July, the European Commission is set to propose a 2040 climate target that would include cutting greenhouse gas emissions by 90% by 2040 compared […]
Soven 1 Holding (UAE), the majority shareholder of Belarus’s Priorbank, plans to buy out the Belarus State Property Committee equity of 6.31% of the bank’s shares. The decision is of interest as it implies there is significant unrealized value in shares of businesses operating in sanctioned countries and that there are investors prepared to take on […]
The initiative called the Africa Carbon Support Facility, is currently in the design phase and will feature two key components, according to the bank. The first component will help governments develop policies and regulations governing carbon trading, while the second will focus on boosting the supply and demand for credits as well as the key […]
More than $14 billion in clean energy investments in the U.S. have been cancelled or delayed this year, according to an analysis released Thursday, as President Donald Trump’s pending megabill has raised fears over the future of domestic battery, electric vehicle and solar and wind energy development. Many companies are concerned that investments will be […]
The agreement was signed by Rémy Rioux, general director of AFD, and Pham Le Phu, general director of EVNNPT, during the official visit of French President Emmanuel Macron to Vietnam. The investment will finance three subprojects, including two new 500 kV substations and transmission lines in the southern provinces of Binh Duong and Dong Nai. The […]
This strategic route connects Douala, Cameroon’s largest port and economic hub, to N’Djamena, the capital of Chad, facilitating trade and transport across Central Africa. This investment is part of the EU’s Global Gateway initiative, a comprehensive strategy to promote sustainable infrastructure projects globally by mobilizing public and private sector financing. Specifically, the funding for the Douala N’Djamena […]
A new commercial rail route connecting China to Iran has officially launched with the arrival of the first cargo train from the eastern Chinese city of Xian at the Aprin dry port near Tehran. Aprin’s CEO highlighted the port’s strategic role in lowering transport costs and reducing reliance on coastal freight hubs. Railway infrastructure connecting Iran and […]
On Sunday, a key congressional committee in the United States approved President Donald Trump’s new tax cut bill, which could pass in the House of Representatives later this week. The bill extends Trump’s 2017 tax cuts and may add up to $5 trillion to the national debt, deepening worries after a recent US credit ratings […]
Mahindra Group chairman Anand Mahindra recently took to social media to acknowledge India’s achievement of becoming world’s 4th largest economy in the world. Recently, India surpassed Japan to become the world’s fourth-largest economy, a significant milestone that has drawn widespread celebration and reflection from business leaders across the nation. Mahindra posted on X (formerly known as Twitter) […]
The current expansion of the BRICS New Development Bank (NDB) is taking place in accordance with the implementation of the NDB strategy for 2022-2026, according to the bank’s head, Dilma Rousseff. In addition to the founding members – Brazil, Russia, India, China and South Africa – several new members have joined, including Bangladesh and the […]