Offshore Wind Projects To Be Explored By Energy Behemoths In India’s Mostly Unexplored Market

RWE, the German energy behemoth, and Tata Power, the Indian power company, launched a partnership on Monday that would focus on constructing offshore wind projects in India. RWE Renewables GmbH and Tata Power Renewable Energy Limited signed a memorandum of agreement pertaining to the plans, according to the companies. “India has excellent wind resources, which…

Success Of Breast Cancer Trial Boosts Oncology Credentials Of AstraZeneca

AstraZeneca said its Enhertu cancer medicine has been demonstrated to assist women with a kind of breast cancer that has limited treatment choices, potentially opening the door to a much bigger patient population. Alongside low levels of a protein known as HER2, Enhertu extended life and reduced the spread of metastatic breast cancer, according to…

HSBC Reports Doubling Of Profits For 2021 And Bring Forward Crucial Target With Anticipated Rate Hike

The projected bad loans because of the Covid-19 pandemic did not happen which prompted lender HSBC to accelerate its major profitability objective by a year while also reporting a doubling of annual profits for 2021 as the lender is anticipating greater income because of expected higher interest rates.  HSBC, one of the biggest lenders of Europe, is benefiting from lower-than-expected impairment charges since borrowers of…

Trump’s Social Media App Truth Social To Go Live Starting Monday In Apple App Store

According to tweets from an executive on a test version seen by Reuters, Donald Trump’s new social media endeavor, Truth Social, is slated to be launched in Apple’s App Store starting Monday, according to posts made by an executive of the venture’s test version, said reports. This also potentially marks the return to social media platforms for the…

Credit Suisse Denies All Allegations Of Wrongdoing Following Leak Of Client Data To Media

After dozens of media outlets revealed the results of coordinated, Panama Papers-style probes into a breach of information on thousands of accounts held  After dozens of media outlets revealed the results of coordinated, Panama Papers-style probes into leakage of information on thousands of accounts held  The data on the accounts, which span the time period…

Subsidy Cut Results In 18.6% Drop In Sale Of China NEV In January

According to industry data released on Friday, sales of new energy vehicles (NEVs) in China decreased 18.6% month over month in January after the country reduced NEV subsidies by 30%. According to figures from the China Association of Automobile Manufacturers, sales of NEVs, which comprise battery-powered electric vehicles, plug-in petrol-electric hybrids, and hydrogen fuel-cell vehicles,…

“Bribes” Formed The Basis Of 1MDB Business, Admits Former Goldman Banker

Former Goldman Sachs banker Tim Leissner, who was previously credited with delivering the bank lucrative Malaysian business, has told a court that the agreements were made possible by “bribes and kickbacks.” Leissner was giving testimony in the trial of Roger Ng, a former colleague. Prosecutors allege that the two men assisted in the diversion of…