BUSINESS

Lithium-Ion Battery

IBC Signs Nearly $1 Billion Deal To Build Battery Manufacturing Facility In India

"Indian manufacturers are looking for collaboration opportunities with international players to access the technology and finance at low cost," Vibhuti Garg, director, South Asia at IEEFA, said, adding that India can "set up the big capacities not only to meet their internal demand but also export to other countries and accelerate the roadmap to energy transition."

Asian Markets Drop As US Downgrade Jolts Latest Rally

Fitch's decision to cut the US debt rating follows the long-running standoff on Capitol Hill earlier this year that saw the world's top economy flirt with a possible default, which rattled markets
Asian markets followed Wall Street lower Wednesday as the wind came out of the latest rally, with traders jolted by the downgrade of US sovereign debt, soft economic data and concerns about elevated valuations.
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Strong demand for customer rides and Uber eats enabled the ride-hailing company to report a second-quarter profit

Uber Reports Surprise Profit In Q2

Uber reported a surprise profit on Tuesday, pointing to strong growth in its core mobility and delivery businesses despite missing revenue estimates.
Not an exceptional year for the oil and gas majors, but they are still posting considerable profits

Oil Majors Still Profitabe Even If Super-profits Gone

From BP to ExxonMobil to TotalEnergies, none of the oil and gas majors have repeated the exceptional profits posted in 2022 when prices surged in the wake of Russia's invasion of Ukraine, but they nevertheless remain comfortably profitable this year.
Project leaders believe the Euclid space telescope's test images show it is capable of ultimately fulfilling its mission to shed more light on dark matter and dark energy

First Test Images From Euclid Space Telescope Unveiled

The Euclid space telescope, launched July 1 on a mission to shed more light on elusive dark matter and dark energy, has reached its destination orbit and on Monday its European operators revealed its first test images.
Traders have been cheered by pledges from Chinese officials to unveil measures to boost the flagging economy

Asia Joins Wall St Rally On US Rates, China Hopes

Markets rallied Monday, tracing another bump on Wall Street, where investors cheered a further slowdown in US inflation that stoked optimism the Federal Reserve will not have to hike interest rates again.
Crews were racing to douse the fire aboard a cargo ship off the Netherlands

Ship Blaze Off Dutch Coast Losing 'Intensity'

Rescuers were on Friday finally able to board a cargo ship packed with electric vehicles that caught fire off the Dutch coast but authorities said the flames, though less intense, still pose a risk to nearby natural sites.
Dozens of models in dark blues and pastels paraded down the riverfront catwalk that took Shanghai's Oriental Pearl Tower as a backdrop

Kenzo Presents First Fashion Show In China

Against Shanghai's glittering river skyline, Kenzo-clad models strutted down a breezy open-air runway on Friday for the French fashion brand's first-ever show in China.
Germany's economy stagnated between April and June

Stagnant German Growth Clouds Eurozone Economy

Flatlining German growth figures on Friday contrasted with positive performances in France and Spain, adding to worries that the traditional manufacturing powerhouse could become a drag on the eurozone economy.

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