Across the Sahel, young women are key contributors to the socio-economic development of their communities and countries. Empowered with access to better health services, schooling, economic opportunities, and participation in decision-making processes, they can play an even stronger role in economic growth, poverty reduction, improved health and education, and much more. This is what the World […]
India’s Tata Capital is looking at overseas fundraising for the very first time and hopes to raise around $750 million via offshore bonds or loans in the next fiscal year starting in April, a senior company official told Reuters on Wednesday. “The company, as a part of diversifying its liability base, may evaluate raising up […]
Japan’s Toyota Motor said on Wednesday global vehicle production rose by 7% in January, marking a year-on-year increase for the 13th straight month as the automaker benefited from strong U.S. demand. Output for January increased to 740,332 vehicles, while worldwide sales rose about 11% from a year earlier as growth in overseas markets such as the […]
Tesla will aim to ship its Roadster electric sports car next year, the electric vehicle maker’s CEO Elon Musk said on Wednesday. “Tonight, we radically increased the design goals for the new Tesla Roadster,” Musk said in a post on X, adding that Roadster’s production design will be completed and unveiled by the end of this […]
Bitcoin surged for a fifth day on Wednesday to near $60,000, buoyed by flows into new U.S. spot bitcoin exchange traded products that have driven it up 39.7% in February, which would mark its largest monthly rally since December 2020. Bitcoin was last up 4.4% at $59,259, its highest since December 2021, while ether rose […]
– Microsoft President Brad Smith on Monday announced a set of principles to foster innovation and competition in artificial intelligence in recognition of its role as a market leader in this technology, a move that could stave off worries about its dominance. The move by the U.S. tech giant came amid concerns from rivals and antitrust […]
Micron Technology has started mass production of its high-bandwidth memory semiconductors for use in Nvidia’s latest chip for artificial intelligence, sending its shares up more than 4% before the bell on Monday. The HBM3E (High Bandwidth Memory 3E) will consume 30% less power than rival offerings, Micron said, and could help tap into soaring demand for […]
Chipmaker Broadcom is selling its unit that allows users to access desktops and applications from any device to private-equity firm KKR in a deal valued at about $4 billion, as part of its efforts to simplify its business after VMware’s acquisition last year for a whopping $69 billion. The end-user computing (EUC) unit will become a standalone […]
As the world’s top global energy trading houses prepare for their biggest annual industry get-together this week in London they face a growing problem, what to do with their cash. Most trading houses, which are privately owned and controlled by their employees, disclose little about their cash position, equity or dividends. But according to more […]
British financier Jacob Rothschild, a senior member of one of Europe’s best-known banking dynasties, has died at the age of 87, his family announced on Monday. The family, in a statement to the UK’s Press Association news agency, called Rothschild “a towering presence in many peoples’ lives”. He was “a superbly accomplished financier, a champion […]
