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United States

US Existing Home Sales Increase in October

U.S. existing home sales rose in October as prospective buyers capitalized on declining mortgage rates, despite ongoing challenges from elevated housing costs a…

China

Foxconn, OpenAI Partner on AI Hardware Manufacturing

Foxconn has entered into a cooperation agreement with U.S.-based OpenAI to jointly design and develop data center racks, related components, and artificial inte…

Electric Vehicles

Magna to Produce China’s GAC Electric Vehicles in Europe

China’s Guangzhou Automobile Group (GAC) has reached an agreement with Magna to produce its all-electric AION V model at a Magna manufacturing plant in Gr…

Power Construction

Siemens Energy to Invest $2.3 Billion in Power Grid Factories by 2028

Siemens Energy has announced plans to invest approximately 2 billion euros (equivalent to 2.3 billion U.S. dollars) in expanding and modernizing its worldwide p…

Metal

South Africa, EU Sign Critical Minerals Deal, Vow to Defend Multilateralism

South Africa and the European Union reaffirmed their commitment to multilateral cooperation as they signed a partnership agreement on critical minerals, in prep…

Nuclear Power Plant (NPP)

Third San’Ao Unit Under Construction

Construction of Unit 3 at the San’ao nuclear power plant in Zhejiang Province officially commenced with the first concrete pour for its nuclear island on …

Gas power plant

GE Vernova to Provide H-Class CC Equipment for Kozienice Plant in Poland

Enea Group has awarded GE Vernova a contract to supply two 9HA.01 gas turbine combined-cycle blocks for a new 1.2 GW power plant at Kozienice, Poland. Commercia…

Solar Battery (Storage)

Germany’s Largest Solar Battery Storage Hybrid Plant Commissioned

Statkraft, Europe’s largest renewable energy producer, has commissioned Germany’s biggest solar-battery hybrid power plant under the Renewable Energ…

United States

World’s Longest Subsea Cable Completed: Meta’s 2Africa Set to Supercharge Connectivity Across Africa

The 2Africa subsea cable system, one of the largest international telecommunications projects ever deployed, has now completed its core network and is fully ope…

Electric Vehicles

Geely, Renault Kicks off Strategic Cooperation in Brazil

Geely Holding Group announced on November 19 that it has officially launched its joint venture with Renault in Brazil, named Renault Geely do Brasil. A ceremony…

India

India Railways Launches Cement-Bulk Transport Reform

Indian Railways has launched a new freight policy designed to significantly increase the transport of bulk cement by rail across the country. The initiative int…

Thailand

BASF Expands Alkyl Polyglucosides Production With New Plant in Thailand

BASF SE (Ludwigshafen, Germany) has commenced a major expansion of its Alkyl Polyglucosides (APG) production capacity with a new manufacturing facility at its B…

Peru

APM Terminals to Invest $550 Mln in Peru’s Callao Port

APM Terminals, the Dutch-based global port operator, will invest $550 million to expand the Multipurpose North Terminal at Callao Port in Peru, with constructio…

Natural Gas

Egypt Selects Hartree Partners for $4 Billion Natural Gas Deal, Deputy Secretary of State Landau Says

Egypt has chosen U.S.-based energy company Hartree Partners to supply natural gas under a framework agreement valued at approximately $4 billion, U.S. Deputy Se…

Saudi Arabia

Saudi PIF, SITE, Microsoft Sign MoU to Explore Delivery of Sovereign-Cloud Services in Kingdom

The Public Investment Fund (PIF) of Saudi Arabia, Saudi Information Technology Company (SITE), and Microsoft (MSFT.O) signed a memorandum of understanding on We…