Coronavirus is turning out to be one of the biggest epidemic which poses great threat to global economies. Coronavirus does pose a negative impact on social activities and the economy, the reason why commodities like oil and copper have taken a big hit.
Bernard Looney, BP's new chief executive, wants to cut his company's greenhouse gas emissions down to zero by 2050. To do that, the world's sixth-largest energy company is committing itself to massive investment in renewable energy, including wind, solar and biofuels.
British-based tycoon Sanjeev Gupta's GFG Alliance has completed the takeover of Adhunik Metaliks Ltd and Zion Steel Ltd.: British-based tycoon Sanjeev Gupta's GFG Alliance has bought a bankrupt steel plant in India for $60 million. GFG has grown rapidly from its roots as a metals trader by spending billions of dollars buying up often troubled metals manufacturing facilities from the US to Europe and Australia. The privately-held group completed the takeover of Adhunik Metaliks Ltd and Zion Steel Ltd, GFG said in a statement on Tuesday, adding to a string of acquisitions in steel and aluminum in recent years.
Bombardier Transportation president sees benefits of a combined company. : The boss of Bombardier's rail division has welcomed a deal which would see rival Alstom take over the business, including its UK train-making site in Derby. Yesterday, Bombardier Inc and Alstom confirmed that they had reached an agreement, which would see the French rail giant buy Bombardier Transportation for a sum in the region of $8 billion. Both companies have signed a memorandum of understanding, with the deal expected to go through next year, subject to approval from regulatory authorities.
PS7.5m heads to Orsted, Phillips 66 and IMT in largest element of PS90m heavy industry and homes emission-busting Government pot.
Government Of Odisha Approves Eight Investment Proposals Worth Rs. 1,609.49 Crore | Business Standard News
/ -- The Government of Odisha has approved eight more investment proposals worth Rs.1,609.49 crore in the 89th State Level Single Window Clearance Authority (SLSWCA) meeting. The meeting was held under the Chairmanship of Chief Secretary, Shri Asit Kumar Tripathy in Lok Seva Bhawan conference hall today wherein Shri Hemant Sharma, Commissioner-cum-Secretary, Industries outlined the project proposals for consideration. These proposals will create employment opportunities for 1450 people. The projects were approved in food processing, chemicals, plastics, tourism, steel downstream and infrastructure.
Two units set to start operations in 4-5 months. : The industrial park at Gopalpur developed by Tata Steel Special Economic Zone Ltd (TSSEZ), a subsidiary owned fully Tata Steel, looks to start activity at the SEZ notified area with two metal-based industries on board. The two MSME (micro, small & medium enterprises) units have executed land lease deeds with the developer, pledging a combined investment of Rs 10 crore. "Each of the units will be allotted two acres. The two units are expected to be running their operations in four to five months.
Solar system prices dropped 90 percent over the last nine years, but the decline was tempered by American trade tariffs, leaving U.S. prices 45 percent above those in Europe and Australia, according to new research from Wood Mackenzie Power & Renewables. Solar products shipped from China to the U.S. face Section 201 and 301 tariffs, plus anti-dumping and countervailing duties. Those policies have helped shift solar manufacturing into Southeast Asia, while constraining the amount of lower-cost product available to U.S. developers. The Trump administration is currently undertaking a midterm review of the Section 201 tariffs and has wide latitude to determine whether and how tariffs will continue.
Recap: Most Asian equity indices tumbled yesterday as the rising death toll from the coronavirus outbreak in China rattled investors' nerves, with human transmission seen in other countries including Britain, South Korea and Thailand. Gold prices rallied as investors sought refuge amid a global pandemic.
Global Fuel Cell Market Outlook, 2020-2024, Featuring Leading Players Fuelcell Energy, Ballard Power Systems, Ceres Power, Doosan, Plug Power, And Kyocera
DUBLIN, Jan. 28, 2020 /PRNewswire/ -- The "Global Fuel Cell Market (PEMFC, PAFC, MCFC & SOFC): Insights, Trends and Forecast (2020-2024)" report has been added to ResearchAndMarkets.com's offering. The global fuel cell market is forecasted to reach US$22.19 billion in 2024, growing at a...