US working with India on platform to speed energy transition – Yellen

The United States is working with India to develop an investment platform to lower the cost of capital and increase private investment to fast-track India’s
Open-source AI model creator Nomic raises $17 million led by Coatue

AI startup Nomic has raised $17 million in a new funding round from investors led by Coatue, the companies told Reuters. The investment valued New
US online sales in Amazon’s Prime Day rise to $12.7 billion, Adobe Analytics data show

U.S. online sales during Amazon.com’s Prime Day shopping event rose 6.1% to $12.7 billion from last year, as inflation-hit Americans hunted for more bargains and discounts
G20 to discuss international debt architecture, more loans to developing nations

Global finance chiefs will meet in India next week to discuss increasing loans to developing nations from multilateral institutions, reforming the international debt architecture and
Tesla looking to make about half million EVs annually in India, Times of India reports

Tesla is discussing an investment proposal with the Indian government to set up a factory with an annual capacity to produce about half a million electric
Cerberus heatwave threatens new record temperatures for Europe

Southern Europe sweltered under a fierce heatwave on Thursday, with a warning that temperatures could hit record highs for the continent next week, raising fears
OPEC sees 2.2% oil demand growth in 2024 despite headwinds

OPEC on Thursday raised its forecast for oil demand growth for 2023 and predicted only a slight slowdown in 2024 despite economic headwinds as China
Saudi Arabia imports record Russian fuel oil in June as trade grows

– Saudi Arabia imported record volumes of discounted Russian fuel oil in June, a near 10-fold annual increase to meet summer power generation demand and
India’s Gujarat in talks with Foxconn for its semiconductor plant

India’s Gujarat state is holding talks with Foxconn over a semiconductor plant, a top government official told Reuters, days after the Taiwanese giant broke off
India’s Vedanta to enter the chip market this year after Foxconn split

India’s Vedanta will enter the market for the manufacturing of chips and displays this year, group chairman Anil Agarwal said on Wednesday, days after its

