Taiwan’s Foxconn, the world’s largest contract electronics maker, downgraded its full-year outlook on Wednesday citing recent appreciation of the Taiwan dollar, even as it struck an upbeat note about booming demand for AI servers. Foxconn, Apple’s top iPhone assembler and Nvidia’s AI server maker, has ridden the crest of the wave for artificial intelligence demand, but is […]
Imagine getting to work on a program that will bring internet access and digitally enabled services to 180 million people. Opportunities like these illustrate the meaningful role institutions like the World Bank, and teams across the institution like ours, can play in addressing urgent development challenges that can drastically improve people’s lives. In Eastern and […]
In 2018, after 3 years of droughts, the city of Cape Town in South Africa faced severe water shortages. Dam reservoir capacity had dropped to critical levels and the city was fast approaching “Day Zero” of no water availability. Desalination, new dams, strict water usage limits – all solutions were on the table. Solving the […]
NRG Energy said on Monday it would acquire power generation assets from energy infrastructure investment firm LS Power in a deal valued at $12 billion, as the U.S. utility bets on surging electricity demand, sending shares up more than 24% to hit an all-time high of $148.30. With U.S. power demand set to hit record highs in […]
Amazon’s cloud computing division will invest $4 billion to build its first data centers and other cloud infrastructure in Chile, the company’s head of South Latin America told Reuters. Amazon Web Services (AWS) expects the cloud region, its third in Latin America after Brazil and Mexico, to be operational by the second half of 2026. […]
The market capitalisation of Saudi Stock Exchange (Tadawul) has surged by 463% over the last ten years to reach $2.7 trillion at the end of 2024, making it the largest equity market in the Middle East, according to S&P. The significant growth has been driven by the kingdom’s drive to boost market liquidity by getting […]
Cantor Fitzgerald is launching a crypto venture with Tether and Japanese technology investor SoftBank Group to buy bitcoin, wagering that interest in the digital currency will expand under U.S. President Donald Trump. The deal, announced on Wednesday, has blank-check vehicle Cantor Equity Partners merging into newly formed Twenty One Capital. The Technology Roundup newsletter brings the latest […]
Floods are the costliest type of natural disaster in Europe, but little is known about whether adaptation investments such as flood defences can shield the economy. This column studies how floods affect output and prices at the sectoral level in England and the effect of adaptation investments. Floods affect sectors differently, acting as both supply […]
Until the late 19th century, states raised most of their government revenues from import tariffs. This column asks whether the practice could work today. A side effect of taxes is that they discourage the economic activity that they are assessed on. Tariffs are taxes on imports and no different: they shrink trade. The authors allow […]
