Worldwide power request is set to develop at a sped-up speed and Asia will represent half of the world’s power utilization by 2025, the Global Energy Organization (IEA) has said. China, India, and Southeast Asia are expected to account for more than 70% of the rise in global demand for electricity. According to the IEA, […]
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The Asian Infrastructure Investment Bank (AIIB) and the Global Energy Alliance for People and Planet (GEAPP) have entered into a strategic investment partnership to provide financial help for green energy transition and renewable energy projects in both private and public industries. The investment partnership also follows extensive cooperation between AIIB and GEAPP over the previous […]
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The exports of the US crude oil to Asia are set to reach a new record high of 1.8 million barrels per day in November 2022, showed Kpler shipping data, as demand for crude oil increased on widening discount to oil across the globe. Refiners in India, China, and South Korea are returning as large […]
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Apple Inc., revealed major increases to price tiers on app and in-apps purchases from Europe to Asia, to protect its margins as major currencies tumble against the US dollar. Customers in countries that use the euro and those in Japan, Sweden, South Korea, Malaysia, Egypt, Vietnam, and Pakistan will see all prices hiked as early […]
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Axiata and Versa Networks partner to deliver Secure Access Service Edge (SASE) technology to rapidly digitalizing the enterprises in Asia. The B2B unit of the company, Axiata Enterprise, now have Versa Networks ACE Partner states, which will be seeing it partnering with operating companies of Axiata, based in Celcom in Malaysia and XL Axiata in […]
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According to a Bloomberg’s survey conducted last month, some economies in Asia will face the risk of recession as growing prices have forced central banks to increase interest rates. The survey has also predicted a downturn in Sir Lanka in the next financial year. According to the survey, Sri Lanka has an 85 percent probability […]
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According to a report, with the ban on oil imports from Russia by the European Union by end of 2022, the European Union has to look at other sources, including China. UBS, global investment company had hosted a call with Jonathan Leitch, director of EMEARC (Europe, Middle East, Africa, Russia and Caspian) regarding the oil […]
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