In a statement, David Malpass, the president of the World Bank said, physical damage to buildings and infrastructure in Ukraine as a result of the war has touched roughly $60 billion and is set to rise further since the Biden… Read More ›
infrastructure
Concerns revolving around 5G c band will be addressed safely with minimal disruptions: Steve Dickson, FAA head
On Thursday, Steve Dickson, the head of the Federal Aviation Administration (FAA) said, he is confident that aviation safety concerns surrounding 5G C-Band deployment will be addressed “safely with minimal disruptions”. Dickson is slated to tell a House of Representatives… Read More ›
German Chancellor Olaf Scholz vows inclusive digital transformation of economy
German Chancellor Olaf Scholz said, his government would make Germany, Europe’s biggest economy, fit for the future and vowed it would leave no one behind in this major transformation of the economy. Vowing increased investments in climate protection and digitalization… Read More ›
Tesla Inc sets up EV manufacturing plant in India
According to a government document, Tesla Inc will be setting up an electric-car manufacturing unit in the southern state of Karnataka. “The U.S. firm Tesla will be opening an electric car manufacturing unit in Karnataka,” said a state government official… Read More ›
U.S. investment powerhouse KKR closes Asia Pacific infrastructure fund at $3.9 billion
On Monday, KKR & Co, a U.S.-based investment powerhouse stated, it has closed a fund targeting infrastructure-related investments in Asia Pacific at $3.9 billion. In a press release KKR said, the fund was its first in the region for the… Read More ›
UK trucks could start rolling into France today: British Housing minister Robert Jenrick
On Wednesday, during an interview with Sky News television, British Housing minister Robert Jenrick stated he hoped trucks would begin rolling into France following Paris lifting its ban on freight coming from Britain following the outbreak of a new strain… Read More ›
Japanese government weighing options to create $19 billion environment-friendly investment fund: Govt Sources
According to three government sources with direct knowledge of the matter at hand, the Japanese government is weighing its options to create a ($9.63 billion to $19.27 billion (1 trillion to 2 trillion yen) fund to promote investment in environment-friendly… Read More ›
Fujifilm signs manufacturing contract with VLP Therapeutics for COVID-19 vaccine candidate
On Thursday, in a statement Japan’s Fujifilm Holdings Corp said, it has signed a manufacturing contract with U.S.-based VLP Therapeutics for manufacturing a COVID-19 vaccine. In a statement both companies said, “Fujifilm will use its manufacturing facilities and infrastructure to… Read More ›
Climate change making insurance premium unaffordable: Australia’s QBE Insurance Group
On Monday, Australia’s QBE Insurance Group stated, climate change is likely to make a group of insurance premiums unaffordable for customers who are exposed to extreme weather events. As a result, there is “material risk” for its operations across the… Read More ›
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