Economy
Ethiopia says mega-dam doubles electricity output
Ethiopia said it has more than doubled electricity production from its controversial mega-dam on the Blue Nile after two more turbines started operations. "The two turbines generating 400MW each have now started operations, adding to the already functional two turbines generating 375MW each, totalling an output of 1,550MW." Ethiopia first began generating electricity at the dam in February 2022.
China's solar sector blazes trail in commitment to renewables
Hundreds of rows of gleaming panels blanket swathes of scrubby sand at sunset in a remote northern Chinese desert -- once the biggest solar farm in the world. Fishman, of the Lantau Group, said the intense competition "is good news for builders, who continue to benefit from the cheapest panels the world has ever seen".
Toyota shutters Japan factories as typhoon approaches
Auto giant Toyota is suspending production at all its factories in Japan because of an approaching typhoon, the company said Wednesday.
In Germany's industrial east, old traumas boost far right
In the relatively well-off city of Zwickau, in Germany's former communist east, economic uncertainty and a turbulent history have combined to drive support for the far right ahead of a key regional election.
UK govt announces more names of companies ready to sponsor Nigerians’ work visa
The United Kingdom government has added more names of employers that are licenced to sponsor skilled Nigerians and other nationals visas into the country.
Asian markets slip as traders await US data, Nvidia release
Equity investors stepped cautiously Wednesday ahead of key US data and the release of earnings by tech titan Nvidia that could shine a light on demand for all things artificial intelligence after this year's tech-led markets rally. But the headliner is the earnings report from Nvidia, which is due for release after the US market closes.
Judicial reforms strain Mexican-US ties, spook investors
Controversial judicial reforms promoted by Mexico's outgoing president are straining diplomatic relations with the United States, its neighbor and key trading partner, while also rattling financial markets. Canada, also a member of the major free trade partnership with the United States and Mexico, has for its part said investors are worried.
NFL team owners approve private equity investment plan: league statement
National Football League (NFL) owners on Tuesday voted to allow private equity investment in a landmark move that could see billions of dollars in new funding pumped into the sport, the US-based league confirmed.
Ryanair says Boeing delivery delays costing it millions of ticket sales
Ryanair will have to forgo millions of ticket sales this year because of delayed jet deliveries from Boeing, the low-cost airline's chief executive Michael O'Leary said Tuesday.
Economy
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