Renewables are set to overtake coal this decade as the world’s favourite fuel to generate electricity, the International Energy Agency says.
Author: Agency Staff
Hedge funds have pulled back from one of the biggest short positions in US tech stocks in over a decade, in a near-record buying spree of Nasdaq futures last week.
China’s economic recovery from the depths plunged during the Covid-19 pandemic has continued, providing support for a world economy suffering its deepest recession since the Great Depression.
South Africa will allow municipalities to source their own power rather than buying electricity solely from the state-owned utility, potentially easing a dispute with its second biggest city, Cape Town.
British Airways has been fined £20-million by the UK data protection watchdog over a breach that compromised the personal and financial details of more than 400 000 customers.
Ant Group plans to increase the valuation target for its initial public offering to at least $280-billion due to strong demand. That would make it worth more than three times US banking giant Citibank.
China is set to pass a new law that would restrict sensitive exports vital to national security, expanding its toolkit of policy options as competition grows with the US over access to modern technologies.
Twitter is revising its “Hacked Materials Policy”, which lay at the heart of its enforcement action this week against a controversial New York Post article.
President Cyril Ramaphosa on Thursday unveiled a plan to revive the economy, with job creation, increased infrastructure investment, enhanced energy security and more local manufacturing among its key tenets.
The story of TSMC’s industry dominance steamed ahead unabated on Thursday, with record earnings on the back of booming demand for chips used in smartphones and servers.