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| Texas Pays a Record $6,500 a Megawatt-Hour for Power in the Heat |
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An extreme heat that propelled electricity demand in Texas to an all-time high and sent power prices surging to a record on Monday afternoon is threatening to do it all over again Tuesday
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| New Zealand legalises salaries paid in cryptocurrencies |
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Tax ruling brings digital currencies in line with mainstream forms of payment
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| Huawei to launch own mapping service in response to US ban |
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Huawei Technologies Co said it plans to unveil its own mapping service in October, as the Chinese tech giant works hard to cope with the United States government's ban on using Google Map in its overseas smartphones
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| Aramco to take a fifth of Reliance’s $75bn oil business |
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Aramco has increased its investments in Asian refineries in recent years
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| Chevron turns on $2.5bn carbon capture plant in Australia |
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CCS project to reduce emissions suffered years of delays over technical issues
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| Nokia says Brazil 5G auction may be world's biggest yet |
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Finnish telecoms equipment maker Nokia Oyj expects Brazil to host the world’s biggest-ever single auction for fifth-generation (5G) spectrum next year, a senior executive told Reuters
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| Air China to suspend Beijing-Hawaii flights amid weak travel demand |
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Air China will suspend its flights on the Beijing-Hawaii route from Aug. 27 after a review of its network, China’s flagship carrier said on Tuesday, as travel demand remains weak amid an escalating U.S.-China trade war
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| ‘Brics bank’ seeks move away from dollar funding |
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New Development Bank aims to double loan book and focus on local currency lending
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| Huawei’s Phone Sales in China Get Patriotic Boost |
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Surge in domestic smartphone purchases is offsetting overseas weakness; ‘I think the United States is very ridiculous’
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| China will deepen regional financial reforms, lower funding costs |
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China will deepen its regional financial reforms, using various policy tools to lower corporate funding costs, especially for small firms, Chen Yulu, a vice governor of the People’s Bank of China, said on Monday
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| Thomson Reuters plans to sell down LSE stake |
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Financial data group seals Refinitiv exit but Reuters News not for sale
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| LSE shares hit record high as investors cheer $27 billion Refinitiv bid |
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London Stock Exchange Group Plc (LSE.L) shares rose more than 15% to a record high on Monday as investors cheered its $27 billion bid to buy financial data firm Refinitiv Holdings Ltd, in a deal that could transform the exchange operator into a global market infrastructure and data giant
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| Singapore plant lubricates expansion abroad |
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"The Belt and Road Initiative proposed by China promotes regional economic cooperation and coordinated development, and offers new opportunities for Chinese enterprises to go global," said Gu Xin, general manager of the international department of Sinopec Lubricant Co Ltd, at a recent lubricant promotion meeting in Thailand
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| Apple pays $1 billion for Intel unit in push for chip independence |
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Apple Inc took a major step toward supplying its own smartphone chips by purchasing the majority of Intel Corp’s modem business in a deal valued at $1 billion, the companies said on Thursday
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| Facebook reveals new FTC antitrust investigation |
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Hours after settling with agency over privacy, company results disclose second probe
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