Browsing: Business

An energy technology pioneer, Form Energy, with the backing of Bill Gates, Jeff Bezos, and Richard Branson has revealed the site of the first factory to manufacture ‘iron-air’ batteries for long-term wind and solar energy storage. In Weirton, West Virginia,

The market was awash with predictions predicting new record highs for bitcoin in 2022, from Tim Draper to top crypto executives. Others were less optimistic, and some correctly predicted bitcoin would sink below $20,000, even as low as $10,000. However,

As part of the settlement, Wells Fargo agreed to pay $3.7 billion in order to settle claims that it harmed customers by charging illegal fees, interest, and overdraft fees on auto loans and mortgages. Wells was ordered to repay $2

Amazon Inc’s cloud computing division was awarded a $723.9 million enterprise software license contract by the United States Navy. With the deal, the Navy will be able to access Amazon Web Services’ (AWS) commercial cloud environment, Professional Services, and training

As the global energy crisis spurs new policies aimed at cutting reliance on fossil fuels, global government spending on clean energy has risen by more than $500 billion since March, according to the IEA. With this increase, governments have allocated

The UAE issued Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses (the “Corporate Tax Law”). From 1 June 2023, businesses will be subject to UAE Corporate Tax (“Corporate Tax”). The UAE’s corporate tax regime imposes

The Jordanian Ministry of Planning and International Cooperation signed a Memorandum of Understanding (MoU) for a 15 billion JPY ($110 million) soft loan provided by the Japanese government to support the general budget of Jordan. As part of Japan’s pledge

Pakistan has requested Saudi Arabia to urgently provide $3 billion in cash after its foreign exchange reserves fell to a critically low level. During his maiden visit to the country, the country’s army chief is expected to play a role

In order to achieve its goal of nearly tripling the country’s clean-power capacity by 2030, the Indian government, under Prime Minister Narendra Modi, has unveiled a Rs 2.44 lakh crore ($29.6 billion) plan to build transmission lines for renewable generation

Considering India’s increased resilience to global shocks, the World Bank raised its GDP growth forecast for FY23 to 6.9%. In its India Development Update, the World Bank stated that the revision was due to the Indian economy’s increased resilience to