In a significant development for Brussels' quest to deepen economic engagement with Africa amidst competition from China, Kenya and the European Union have signed a trade deal.
Stellantis, the multinational automotive company, has entered into a new agreement with Vulcan Energy Resources, an Australian lithium supplier listed on the stock exchange.
Quebec is taking the lead in Canada's transition to electric buses, aiming to improve air quality and reduce greenhouse gas emissions. To achieve its net-zero emissions goal, the Quebec government recently announced a plan to add 1,229 electric buses to its transit network, investing over $1.8 billion. This initiative, carried out in partnership with the federal government, marks North America's largest electric bus project. The federal government contributed $780 million towards the purchase from Canadian bus manufacturer Nova Bus.
Singapore and Shanghai have strengthened their bilateral ties with a series of agreements across various sectors, as trade between the two nations reached new heights. In 2022, bilateral trade grew by 8%, totaling $20 billion, driven by increasing demand. Singapore-linked projects in Shanghai received investments worth nearly $24 billion, focusing on real estate, financial services, manufacturing, lifestyle, and consumer goods.
China Energy Investment Corporation (China Energy) has recently unveiled the largest carbon capture project in Asia tailored specifically for the coal-fired power sector. The cutting-edge facility, situated in Jiangsu Province in eastern China, has commenced operations, marking a significant step towards curbing carbon dioxide (CO2) emissions.
Brazil is constructing a unique structure deep in the Amazon rainforest called AmazonFACE. This project aims to understand how the world's largest tropical forest responds to climate change by studying its carbon dioxide absorption capabilities.
Kuwait's Vision 2035 places a strong emphasis on infrastructure development, leading to increased demand for advancements in the country's national infrastructure. KPMG, a prominent audit and advisory services group, highlights Kuwait's robust pipeline of infrastructure projects valued at an...
In a landmark gathering of minds, the United States, Japan, and 12 other Indo-Pacific nations have forged an unprecedented agreement to fortify the resilience of critical supply chains. The momentous accord, achieved during the U.S.-led Indo-Pacific Economic Framework (IPEF)...
NEOM Green Hydrogen Company (NGHC) has achieved a significant milestone by securing financial close for the world's largest green hydrogen production facility. The company finalized financial deals with 23 local, regional, and international banks and investment firms, resulting in a total investment value of $8.4 billion. The facility, located in Oxagon, NEOM, Saudi Arabia, is currently under construction.
