In a development that marks the first nascence of U.S. offshore wind industry even as US President Joe Biden has pledged to support a clean energy and climate change agenda that will create millions of good-paying union jobs, Vineyard Wind… Read More ›
create jobs
U.S. Energy Department readies $40 billion in loan to transition towards clean energy
In a significant development U.S. Energy Secretary Jennifer Granholm stated, Washington is ready to reactivate a loan program which could see more than $40 billion channelized towards clean energy. “I am ready to rev those engines back up so that… Read More ›
Apple to expand operations in India: Indian Information Technology minister
In a statement, India’s information technology minister Ravi Shankar Prasad disclosed, Apple Inc will be expanding its operations in the country. Salcomp, one of Apple’s suppliers, plans on opening a plant near Chennai in southern India. Salcomp, which makes components… Read More ›
Mexican senate to hold special session to ratify USMCA trade deal ‘soon’
Both, Canada and Mexico are pushing to get the USMCA trade agreement ratified before the U.S. enters into poll mode ahead of the 2020 Presidential elections. At a news briefing, Mexican President Andres Manuel Lopez Obrador stated, the government will… Read More ›
GM’s $1billion investment in Missouri is contingent on receiving state incentives
The incentive package sought by GM will require clearance from the state’s legislature. According to state officials from Missouri, General Motors Co is weighing its options of investing $1 billion in its assembly plant in the state, where it currently… Read More ›
Saudi Arabia to privatize 20 companies in 2019: Crown Prince Mohammed bin Salman
20 Saudi state-owned companies in across sectors are slated to be privatized in 2019. In yet another step aimed at diversifying Saudi Arabia’s economy, Crown Prince Mohammed bin Salman disclosed, the Kingdom will privatize more than 20 companies next year…. Read More ›
Fiat Chrysler Automobiles to shift production of its Ram heavy duty pickup trucks to Warren, Michigan, from Mexico
While FCA plans on boosting the output of its Mexican plant in 2018 & 2019, in 2020 having shifted the production of its Ram heavy duty pickup trucks, it plans on reconditioning the plant to produce a yet to be… Read More ›
Apple to receive $207.8 million incentive for its data centers in Waukee, Iowa
Midwestern states have become a magnet for data centers of tech companies in the state. Apple has disclosed that it will build a $1.375 billion data center in Waukee, Iowa and receive $207.8 million in incentives from the Iowa Economic… Read More ›
The mirage of success in China’s “Belt and Road” initiative
The success painted by Beijing’s state owned media regarding its strategic Belt and Road initiative significantly differs from the reality of the situation. As part of its central “Belt and Road” strategy, China has created an international free trade zone… Read More ›