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’
Lucid shares drop as deliveries take hit from Tesla’s price war
Lucid Group said its second-quarter production dropped from the previous three months while deliveries stayed flat, sending the shares of the luxury electric-vehicle maker down about
Fair processes in health financing policies for universal health coverage
In many developing countries health financing is not only inefficient and insufficient, it’s inequitable: People in developing countries pay over half a trillion dollars annually out-of-pocket
When artificial intelligence becomes a central banker
Artificial intelligence is expected to be widely used by central banks as it brings considerable cost saving and efficiency benefits. However, as this column argues,
Reducing fossil fuel extraction may imply persistent negative effects for fossil fuel-producing economies
Reaching net zero emissions by 2050 will require an 80% reduction in global fossil fuel extraction compared with 2021 levels. This column estimates the macroeconomic
