Facebook has signed a deal to buy renewable energy in India from a local firms wind power project, the social media giants first such deal in the South Asian nation, the companies said on Thursday. The 32 megawatt wind power project, located in southern Karnataka state, is part of a larger portfolio of wind and […]

Nearly half of all oil pipelines from the Permian basin, the biggest U.S. oilfield, are expected to be empty by the end of the year, analysts and executives said. Pipeline companies went on a construction spree throughout 2018 and 2019 to handle blistering growth in U.S. crude production to a record 13 million barrels per […]

April 8 Reuters Tasktop Technologies Inc said on Thursday it had raised 100 million in a funding round led by technologyfocused private equity firm Sumeru Equity Partners. The company, which makes softwaredevelopment tools, said existing investors and company management also participated in the round, but did not reveal the valuation at which the funding was […]

Japans Fast Retailing, the owner of clothing brand Uniqlo, on Thursday reported a 23 jump in halfyearly operating profit and raised its fullyear profit estimate. The company has been among the most resilient retailers during the COVID19 pandemic, as Uniqlos focus on China and Japan helped it escape the worst of the downturn that hit […]

Toyota Motor Corp unveiled on Thursday new models of Lexus and Mirai in Japan, equipped with advanced driver assistance, as competition heats up to develop more selfdriving and connected cars. Toyotas latest launch comes as automakers, electric car startups and tech giants invest heavily in socalled active safety features. The Japanese carmakers new driving assist […]

Malaysias Top Glove said on Thursday its glove production has been affected because of a U.S. ban on its products over allegations they are made with forced labour. Two units of the worlds largest producer of latex gloves were banned by the United States in July last year. And last month, U.S. authorities said the […]

Amsterdambased technology investor Prosus NV has netted 14.6 billion from the sale of a 2 stake in Tencent Holdings Ltd, the Chinese gaming and social media giant said, in one of the worlds largest ever block trades. Our belief in Tencent and its management team is steadfast, but we also need to fund continued growth […]

Apple CEO Tim Cook hinted at the companys work in autonomous vehicles, following recent reports that the company is in renewed talks to develop its own car. The autonomy itself is a core technology, in my view. If you sort of step back, the car, in a lot of ways, is a robot. An autonomous […]

U.K. Prime Minister Boris Johnson said Monday it is too soon to make a decision on foreign travel but is hopeful it could resume as early as May 17 But I do not wish to give hostages to fortune, or to underestimate the difficulties we are seeing in some of the destination countries that people […]

BP expects to reach its 35 billion net debt target in the first quarter of 2021, the energy group said on Tuesday, following earlierthanexpected proceeds from disposals and a very strong quarter. The company, which had a debt pile of 39 billion at the end of 2020, had earlier expected to reduce its debt to […]