Renewables gain global momentum, but coal in Asia still the key concern

Renewables gain global momentum, but coal in Asia the key concern

(ATF) Despite slowdowns from the Covid-19 pandemic, more than 260 GW of renewable energy capacity was added globally in 2020, beating the previous record by nearly 50%, according to a study released last week by the International Renewable Energy Agency. More than 80% of all new electricity capacity added last …

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Bank of Korea holds off on interest rate rises as Covid fears persist 

Bank of Korea holds off on interest rate rises as Covid fears persist 

South Korea's central bank is determined to keep a lid on interest rates for now despite optimism about post-pandemic growth in the country and concerns over inflation. The Bank of Korea (BoK) kept its seven-day repurchase rate unchanged at 0.5% on Thursday amid worries that rising Covid case numbers could …

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Walmart-Flipkart forms a ‘deadly trio’ with Adani

Walmart-Flipkart forms a ‘deadly trio’ with Adani

(ATF) The bosses of Flipkart, Walmart’s Indian e-commerce venture, have signed a pact with tycoon Gautam Adani’s conglomerate to build one of the largest retail warehouses in India, as the US giant prepares to grab a bigger share of the burgeoning local market. The partnership with the Adani Group, which …

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Musk’s Starlink faces its first Indian challenge

Musk’s Starlink faces its first Indian challenge

(ATF) When in India, do what all others do – that's the message that the country's telecom regulator seems to want to convey to Elon Musk’s satellite internet company Starlink, which is threatening to disrupt India’s fiercely competitive internet services. The Department of Telecommunications (DoT) has started examining whether Elon …

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Grab Holdings confirms $40 billion SPAC record

Grab Holdings confirms $40 billion Spac record

(ATF) Singapore's Grab Holdings confirmed on Tuesday April 13 that it intends to go public in the US in the biggest special purpose acquisition company (SPAC) deal yet, in a merger with Altimeter Growth at an almost $40 billion value that is also expected to be the largest-ever US equity …

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Biden sends delegation to Taiwan as supply chain looms large

Biden sends delegation to Taiwan as supply chain looms large

(ATF) US President Joe Biden on Wednesday sent a high-level delegation to Taiwan, underscoring both continuing tense ties with China and the island's increasing importance to global supply chains. Taiwan's presidential office said former US senator Christopher Dodd and former deputy secretaries of state Richard Armitage and James Steinberg would …

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India looks to infrastructure for economic multiplier effect

India looks to infrastructure for economic multiplier effect

(ATF) India’s mammoth infrastructure needs have shone a spotlight on the urgent demand for a development financial institution (DFI) after Asia’s third largest economy unveiled a 111 trillion rupee (US$1.7 trillion) capital outlay. After the last major development funding institutions, such as ICICI and IDBI, morphed into commercial banks owing …

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