A global organization backed by Amazon Founder Jeff Bezos’ climate and biodiversity fund said it’s setting up a program to attract investment into South African municipal power grids, which need 319 billion rand ($18 billion) to prepare for the introduction of more renewable energy.
Artificial intelligence startup Groq Inc. has partnered with oil producer Aramco to build a giant data center in Saudi Arabia that it hopes will become a hub for companies running AI systems across the Middle East, Africa and India.
Thailand’s new government has revived calls for the central bank to reduce borrowing costs, with Prime Minister Paetongtarn Shinawatra’s commerce chief calling on policymakers to help spur Southeast Asia’s second-biggest economy.
The Bank of England looks set to stick to its tentative interest-rate cutting when it meets this week, defying skepticism from a growing cohort of investors who see a need for more aggressive action.
China has released an American pastor after nearly two decades in prison, presenting an olive branch to the US that had repeatedly called for his release.
The yen advanced past the key psychological level of 140 against the dollar as the Japanese currency extended its rally from the weakest point in nearly 38 years in July.
A Hong Kong man pleaded guilty to one charge of sedition for wearing a T-shirt with a protest slogan, marking the city’s first conviction under its new national security law.
Lucara Diamond Corp. has recovered another mammoth diamond from a mine in Botswana, its second major find in a month.
The dollar tumbled to near its weakest level since January as traders increasingly leaned toward a half percentage point rate cut by the Federal Reserve this week.
A brief recovery in Singapore new home-sales ran out of steam as transactions fell to its lowest level since February.
Washington’s envisioned clampdown on the tax-free import of Chinese goods imposes one more layer of uncertainty on consumer-sector mavens from Alibaba Group Holding Ltd. to Temu who are already struggling to cope with a consumer crisis back home.
Walt Disney Co. claimed the top prize at the 2024 Emmy Awards, winning best drama for Shogun, an adaptation of James Clavell’s 1975 novel and the first series in a language other than English to claim that prize.
New York City’s transit system should prioritize repairing its current infrastructure rather than investing in expansion projects, a new report from a fiscal watchdog group advises. That’s because the Metropolitan Transportation Authority’s overall capital needs totals about $115 billion, far exceeding available funding.
Analysts say Georges Elhedery will have to find a way to shave $2 billion in expenses in the coming years.
A lucrative trade that offered hedge funds a way to ratchet up profits on Chinese debt instruments is starting to lose its charm.
Bajaj Housing Finance Ltd.’s shares are set to begin trading on Monday following an initial public offering that was oversubscribed by more than 60 times.
