Only a third of the massive fiscal interventions put in place by European governments 1 to shield consumers from rising energy prices have been targeted at vulnerable categories. This must change. Building on the ECB recommendations, a “Green triple-T” criterion for future interventions to be tailored, targeted and transition-proof should be established to help Europe become greener and […]
Inflation in the EU reached an all-time high of 10.6% in October 2022, declining to 8.5% in January 2023. The February 2023 CfM-CEPR survey asked its European panel whether inflation has peaked in the euro area and its implications for ECB policy. A large majority of the panel think that inflation has already passed its […]
Amazon Web Services (AWS), the cloud computing division of Amazon.com Inc, said on Wednesday it plans to invest $6 billion in Malaysia over the next 14 years to strengthen its cloud services infrastructure in the country. This marks the company’s latest move in its plan to build AWS Infrastructure Regions across southeast Asia. The infrastructure […]
Alibaba Group Holding’s chip unit T-Head and Alipay, the payment service under Alibaba’s financial affiliate Ant Group, will release computing chips for secure payments based on the RISC-V instruction set architecture, the two entities said. The development comes as Chinese companies continue to invest heavily in chips, in the wake of U.S. export restrictions targeting China’s […]
The White House on Thursday announced a new cybersecurity strategy in the latest effort by the U.S. government to bolster its cyber defenses amid a steady increase in hacking and digital crimes targeting the country. The strategy, which is intended to guide future policy, urges tighter regulation of existing cybersecurity practices across industries and improved […]
The United Arab Emirates’ economy expanded 7.6% last year, a senior official said on Thursday, about double the rise in gross domestic product (GDP) recorded in 2021 as the Gulf state rebounded sharply from the Covid-19 pandemic. While higher energy prices supported economic growth across the Gulf region’s oil exporters last year, a slowdown is […]
Apple supplier Foxconn will invest an undisclosed sum in India’s southern state of Telangana towards an electronics manufacturing facility in the south Indian state, the state’s chief minister said on Thursday. The investment will create 100,000 jobs in the state, Telangana’s IT minister KT Rama Rao said. The announcement followed a meeting between Telangana’s chief minister […]
Global energy-related emissions of carbon dioxide hit a record high last year, although more clean technology such as solar power and electric vehicles helped limit the impact of increased coal and oil use, the International Energy Agency (IEA) said on Thursday. Deep cuts in emissions, mainly from burning fossil fuels, will be needed over the […]
Saudi Arabia has launched 192 billion riyals ($51.2 billion) of investments led by local companies, including oil giant Aramco , SABIC and Ma’aden, under a government-backed initiative, state news agency SPA reported. The projects are part of a programme called Shareek, a 5-trillion-riyal investment initiative announced by Saudi Crown Prince Mohammed bin Salman in 2021, as the […]
Vietnam’s National Assembly on Thursday elected Vo Van Thuong as the country’s new president, in a reshuffle of the country’s top leadership amid a sweeping anti-graft campaign. In an extraordinary session, lawmakers confirmed Thuong, 52, after the ruling Communist Party nominated him on Wednesday as president, a largely ceremonial role but one of the top four political […]
