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
Global accounting firms set up shop in India’s smaller cities
The world’s major accounting firms are stepping up investments in new Indian facilities away from bigger cities as global demand for cheaper back office operations
Broadcom’s $61 billion VMware deal wins conditional EU antitrust OK
U.S. chipmaker Broadcom secured EU antitrust approval on Wednesday for its $61 billion proposed acquisition of cloud computing firm VMware after offering remedies to help rival Marvell
US EV market struggles with price cuts and rising inventories
The U.S. electric vehicle market is growing, but not fast enough during the latest quarter to prevent unsold EVs from stacking up at some automakers’
