Sun Cable shuts as $21B solar project to power S’pore hangs in balance

Sun Cable, the Singapore-based solar energy company, has reportedly entered voluntary administration, despite the financial support it received from billionaire investors. The company was supposed to be working on a A$30 billion (US$21 bill....

Australia expects supply chain pressure as Covid-19 spikes in China

Australia reportedly anticipates a significant impact from the sharp rise in Covid-19 cases in China on global supply chains and is therefore keeping a close eye on the situation, according to Treasurer Jim Chalmers. In a radio interview....

Southwest’s flight suspensions amid US storm leave passengers stranded

Southwest Airlines, the Texas-based low-cost carrier, was reportedly criticized as it dealt with massive flight cancellations as competing US airlines recovered from a devastating winter storm. The Dallas-based, domestic airline, which h....

U.K. Govt. commits $5.4B to fund Bulb’s acquisition by rival Octopus

The U.K. government has reportedly pledged to contribute up to US$5.4 billion (£4.5 billion) to help rival Octopus acquire the bankrupt energy supplier, Bulb. After more than a year under state control, Bulb's 1.5 million consu....

Plugo secures $9 million in plans to expand R&D team and hiring

Singapore-headquartered startup, Plugo has reportedly secured $9 million in a Series A funding round. The business provides direct-to-consumer (D2C) companies with a full range of e-commerce support services, including handling marketing, b....

HCL collaborates with Intel and Mavenir to offer 5G solutions

HCL Tech, the Indian multinational information technology (IT) services and consulting company has recently announced that it has collaborated with Intel Corporation and Mavenir to build and offer scalable private 5G network solutions for b....

AWS and ATOS expand collaboration to achieve digital transformation faster

Amazon's subsidiary, Amazon Web Services, Inc. (AWS), has recently entered into a global Strategic Transformation Agreement with Atos, a leader in digital transformation, high-performance computing, and information technology infrastruc....

Dr. Reddy’s becomes India’s second biggest drugmaker by sales

Dr. Reddy's Laboratories Ltd. and Cipla Ltd. surpassed Aurobindo Pharma to rank as the 2nd and 3rd largest drug manufacturers in India by sales in the three months that ended on September 30. This was the first change in the pecking ord....

UK’s business confidence drops to its lowest point since 2009

According to recent data, business confidence in the UK dropped to 18% in October, which was its lowest level in at least 13 years. In contrast, however, net balances of confidence stood at 28% in June and 56% in February, according to Acce....

Attero aims to increase recycling capacity, plans for IPO in 2025

Attero Recycling, a firm that recycles electronic waste, is aiming to launch an initial public offering (IPO) in 2025, according to its Co-Founder and CEO Nitin Gupta. As per Gupta, the company is currently debating whether to list its s....