India’s Reliance intensifies green push with $80 bln investment in Gujarat
India’s Reliance Industries (RELI.NS) said it would invest 5.95 trillion rupees ($80.49 billion) to set up green energy projects and bolster its retail and telecom arms in the western state of Gujarat, as it targets net-zero carbon emissions by 2035.
U.S. Chamber of Commerce, others urge Congress to pass privacy legislation
The U.S. Chamber of Commerce, and a long list of other organizations, urged Congress on Thursday to pass “comprehensive privacy legislation” that would prevent the development of an unwieldy patchwork of state laws.
Betting on hydrogen hype, Thyssenkrupp eyes $687 mln in IPO cash
Thyssenkrupp’s (TKAG.DE) electrolysis business is aiming for proceeds of up to 600 million euros ($687 million) by selling new shares in a possible initial public offering this year, betting on the $130 billion hydrogen sector it supplies
Investors ready for U.S. earnings as inflation worries run high
U.S. companies will post results in the coming weeks on the final quarter of 2021 as investors worry about inflation’s impact on earnings and pressure on the Federal Reserve to speed up the timeline for kicking off interest rate hikes.
German industry expects economy to grow by 3.5% in 2022
Germany’s BDI industry association said on Thursday it expected Europe’s largest economy to grow 3.5% this year, giving a more cautious forecast than the government as it warned companies could face another “stop-and-go year” due to the pandemic.
U.S. FAA issues impact notices on 5G wireless aviation
The Federal Aviation Administration (FAA) began publishing notices early on Thursday that detailed the extent of potential impact of new 5G wireless service on sensitive aircraft electronics.
Analysis: U.S. energy shares on fire again to start 2022, stoked by inflation
Shares of U.S. energy companies are soaring in the early days of 2022, driven by a shift to so-called value stocks and assets that stand to benefit from the steepest inflation in nearly four decades.
Malaysia says recovered 1MDB funds only enough to pay debt principal for 2022
Malaysia said on Thursday it has recovered enough funds linked to scandal-tainted state fund 1Malaysia Development Berhad (1MDB) to pay off only the principal amount of the debt still owed by the firm this year.
White House will meet execs from Apple, Amazon, IBM to discuss software security
The White House will meet executives from leading tech firms, including Alphabet-owned Google (GOOGL.O), Apple Inc (AAPL.O) and Amazon.com Inc , on Thursday to discuss software security after the United States suffered several major cyberattacks last year.
Asia shares stumble on weak China data, U.S. dollar heavy
Asian shares were dragged lower by weakness in Chinese economic data on Thursday although investors seemed relieved that U.S. inflation data was not hot enough to force even faster monetary tightening by the Federal Reserve.
